Biopolymer Packaging Market Forecasts to 2028 – Global Analysis By Material Type (Non-biodegradable, Biodegradability and Other Material Types), End User (Food and Beverages, Pharmaceuticals and Other End Users), and Geography

Biopolymer Packaging Market Forecasts to 2028 – Global Analysis By Material Type (Non-biodegradable, Biodegradability and Other Material Types), End User (Food and Beverages, Pharmaceuticals and Other End Users), and Geography

According to Stratistics MRC, the Global Biopolymer Packaging Market is accounted for $8485.55 million in 2022 and is expected to reach $29383.99 million by 2028 growing at a CAGR of 23% during the forecast period. Biopolymers are created by living things. Some biopolymers are made entirely of proteins, lipids, RNA, and carbohydrates. Because they are made from renewable raw materials, are inexpensive, and are widely available, biopolymer packaging materials are an attractive and environmentally beneficial alternative to synthetic polymers. While maintaining the product's quality, it improves sustainability in the food packaging sector. Depending on the compositional units, lipids, proteins, and polysaccharides are the materials employed in the manufacture of biopolymers. They can be manufactured or laminated as composites in an effort to enhance the qualities of biopolymer materials. Additionally, biopolymer materials can be made edible or active by adding strong antioxidant or antibacterial characteristics.

According to the Food & Agriculture Organization, 1.3 billion tons of food worldwide is wasted annually. According to Invest India, the food processing sector in India is one of the world’s largest, with output anticipated to reach US$535 billion by 2025-2026. according to the International Trade Administration (ITA), Canada is the world's eighth-largest medical device market, valued at around USD$8.6 billion in 2020.

Market Dynamics:

Driver:

Government initiatives for biopolymers

National and global regulations are necessary to convert the current linear material system into a circular economy. This is a result of the intricate global supply chains of the globalised sector. Globally, governments are launching programmes for biopolymers. As part of this bigger European strategy, the European Food Safety Authority (EFSA) is now working on a two-year research to look into food and feed safety risks in a circular economy. The policy promoted research and development for biodegradable food packaging. Thus, the need for biopolymers is being driven by the expanding government initiatives for biodegradable packaging, which is promoting market expansion.

Restraint:

Environment concerns

Landfills are not intended for the decomposition of materials. These are enormous heaps of compacted garbage that lack direction. In a landfill, no organic waste decomposes effectively. Bottom line: Instead of disposing of organic waste in landfills, it should be developed in a circular system that uses composting and, ideally, doesn't require any landfills. Sadly, landfills are still the last stop for a lot of plastics. The advantages of having a lower carbon footprint while creating products and the potential for composting as a brand-new method of achieving zero waste set biopolymers apart from other materials. Additionally, contrary to plastics, which have been proved in several studies to do so both inside and outside landfills, it doesn’t leach harmful compounds.

Opportunity:

Growth of the medical devices industry

Biopolymers are utilised in the manufacture of medical devices to replace or repair some sick, damaged, or non-functional parts of tissue or bone, including replacement joints, heart valves, arteries, teeth, tendons, ligaments, and eye lenses. The medical device sector is expanding quickly due to factors including ageing populations and technical advancements in medical equipment. As a result, the need for biopolymers is increasing as the medical device industry expands, which in turn is fueling market expansion.

Threat:

Higher cost associated with biopolymers

The benefit of easy disposal and regeneration is one of the benefits of biopolymers, which include polyesters, polylactic acid, polyhydroxybutyrate, and others. The need for costly industrial processors and composters is one drawback of biopolymers, especially for those that must be degraded at high industrial temperatures. For example, Plastmart claims that the main disadvantage of biopolymers is their greater cost when compared to conventional polymers. Biopolymers, such as polyhydroxybutyrate, can cost anywhere between US$4000 and US$15,000 per metric tonne (MT), while conventional polymers typically cost between US$1000 and US$1500 per MT. Therefore, the biopolymers industry's expansion in the upcoming years may be constrained by the high cost of biopolymers.

Covid-19 Impact

The COVID-19 has had an impact on the economies and industries of several nations, including the US, India, Brazil, Russia, Italy, the UK, Iran, and Spain. As a result of the lockdowns implemented in many nations to stop the spread of the disease, one of the world's largest businesses, chemicals and materials, is experiencing substantial disruptions in the form of supply chain interruptions, cancelled events, and office closures. China is the centre of the world's manufacturing, the biggest provider of raw materials to many industries, and one of the nations’s most severely impacted by the COVID-19 pandemic. The lockout of several facilities and plants in China has a negative effect on global supply chains and the production and sale of numerous chemicals and commodities.

The starch blends segment is expected to be the largest during the forecast period

The starch blends segment is estimated to have a lucrative growth, they are the most typical type of biomass utilised to make biopolymers. It is a naturally occurring polymer made from ingredients like corn, wheat, rice, barley, sorghum, potatoes, and others. Thermoplastics called starch based plastics are created by combining additives and plasticizers like glycerine and sorbitol. Starch blends are used in a variety of applications because they can be combined with numerous biopolymers or polymers derived from petroleum to create distinctive composite materials. With the development of improved resin grades that have low toxicity, biocompatibility, mechanical, and degrading qualities, the significance of starch blends has grown. In the creation of cups, cutlery, egg cartons, straws, disposable bags, bowls, bottles, trash liners, and compostable films for agriculture, starch-based biopolymers, such as films and plastics, are widely employed in the packaging business.

The food & beverage segment is expected to have the highest CAGR during the forecast period

The food & beverage segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the high strength, low weight, and heat resistance of biopolymers are their major characteristics. Biopolymers are so commonly employed in the food and beverage sector. Additionally, they are a perfect solution for single-use plastic food and beverage packaging due to their superior quality, practicality, affordability, and composability. The key factors driving the food and beverage industry's expansion are governmental initiatives, the rapid development of food and beverage facilities, and others. Consequently, it is anticipated that the rise of the food and beverage industry would increase demand for biopolymers. As a result, market growth will quicken in the years to come.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the expansion of the market in the region is attributed to rising consumer awareness and a growing restriction on single-use plastic, particularly in nations like Taiwan, Malaysia, India, and others. As part of its environmental reform drive, China has also stopped importing plastic garbage for recycling and is instead concentrating on sustainable growth. Over the course of the forecast period, developments like these are anticipated to fuel the expansion of the local biopolymer packaging market.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the presence of numerous bioplastics packaging businesses; Europe held the highest share of the market. Additionally, the region's residents' high levels of knowledge and strong purchasing power have helped the European market grow. Additionally, the European Union has passed legislation banning single-use plastic; it is projected that this development will increase demand for the biopolymer packaging market in the years to come.

Key players in the market

Some of the key players profiled in the Biopolymer Packaging Market include Taghleef Industries Inc., Clondalkin Group Holdings BV, Sonoco Products Company, Mondi Group, Constantia Flexibles Group GmbH, Sealed Air Corporation, Tetra Pak International SA, Berry Plastics Group Inc., United Biopolymers SA, Amcor PLC, Emballator, BASF SE, NatureWorks LLC, Arkema SA, Taghleef Industries Inc., Biome Bioplastics Limited, Cardia Bioplastics, Innovia Films, Plantic Technologies Limited and Spectra packaging ltd.

Key Developments:

In October 2021, Emballator, a leading manufacturer of packaging solutions, collaborated with Borealis, a leading supplier of cutting-edge polyolefins solutions. Borealis supplied Emballator with bio-based polypropylene for pails and containers as part of this partnership.

In May 2020, BASF SE announced that it has signed a joint agreement with Red Avenue New Materials Group that grants Red Avenue New Materials Group the license to produce and sell certified compostable aliphatic aromatic co-polyester (PBAT) according to high BASF SE quality standards. Further, Red Avenue New Materials Group will build a 60,000 metric tons PBAT plant in China, using BASF SE’s process technology, in exchange for the access to raw materials from this plant. Production will start in 2022 and supply the market of biopolymers.

In June 2019, Amcor launched AmLite Ultra Recyclable, its first packaging product made from the company's revolutionary, more sustainable high-barrier polyolefin film, which the company announced last year. The new high-barrier laminate can package a range of food, home, and personal care, and pharmaceutical products, and be recycled in existing polyolefin recycling streams.

Material Types Covered:
• Non-biodegradable
• Biodegradability
• Bio-Polyethylene (PE)
• Cellulose
• Polyhydroxyalkanotes (PHA)
• Poly(butylene Succinate) (PBS)
• Other Material Types

End Users Covered:
• Food and Beverages
• Pharmaceuticals
• Cosmetic and Personal Care
• Retail
• Automotive
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements