Global Bioplastics Packaging Market Growth 2023-2029

Global Bioplastics Packaging Market Growth 2023-2029

Bioplastics are primarily a biodegradable group of polymers that can be manufactured from renewable sources. Conventional plastics are increasingly becoming unpopular due to the fact that they can last for a very long time, can be hazardous to current life and the ecosystem in general, and rely heavily on the oil and gas industry for raw materials. Conventional plastics are used in nearly all industries as material for casings, electronics, packaging, and many other products. This high volume of products made out of materials that will not be degraded for centuries is creating a high level of concern, especially in developing economies, and emerging ones are swiftly following suit.

LPI (LP Information)' newest research report, the “Bioplastics Packaging Industry Forecast” looks at past sales and reviews total world Bioplastics Packaging sales in 2022, providing a comprehensive analysis by region and market sector of projected Bioplastics Packaging sales for 2023 through 2029. With Bioplastics Packaging sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bioplastics Packaging industry.

This Insight Report provides a comprehensive analysis of the global Bioplastics Packaging landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bioplastics Packaging portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bioplastics Packaging market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bioplastics Packaging and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bioplastics Packaging.

The global Bioplastics Packaging market size is projected to grow from US$ 8237.5 million in 2022 to US$ 17900 million in 2029; it is expected to grow at a CAGR of 17900 from 2023 to 2029.

Packaging solutions have incurred a predominant significance among every F&B company. Manufacturers of food products and beverages continue to adopt the most suitable packaging mechanism, befitting the packaging requirements of various kinds of products. Bioplastics packaging is, thus, expected to gain prominence in the global F&B sector, primarily due to the several advantages that it endures. Obtained from biomass sources, bioplastics or biopolymers are innovative packaging materials for food materials, the demand for which is deeply integrated to consumer preferences. 

This report presents a comprehensive overview, market shares, and growth opportunities of Bioplastics Packaging market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Bio-PET
PLA & PLA Blends
Starch Blends
Others

Segmentation by application
Food & Beverages
Kitchen Utensils
Electronics Industries

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
The Dow Chemical Company (Dow)
Novamont
NatureWorks
Innovia Films
Braskem
BASF
Arkema
Koninklijke

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bioplastics Packaging market?

What factors are driving Bioplastics Packaging market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bioplastics Packaging market opportunities vary by end market size?

How does Bioplastics Packaging break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.