Global Bioplastics Packaging Market to Reach US$ 13.4 Billion by 2028, Stimulated by Rising Environmental Consciousness

October 03, 2023 | Packaging

According to the latest report by IMARC Group, titled “Bioplastics Packaging Market Report by Product Type (PLA, TPS, PHA, Bio-PE, Bio-PA, Bio-PET, Bio-PP, and Others), Packaging Type (Flexible Plastic Packaging, Rigid Plastic Packaging), End User (Food, Beverages, Consumer Goods, Pharmaceuticals, Industrial Goods, and Others), and Region 2023-2028,” the global bioplastics packaging market size reached US$ 6.0 Billion in 2022. Bioplastics packaging refers to the use of bioplastics in creating containers, wraps, and other packaging materials. Unlike traditional plastics derived from petrochemicals, bioplastics are made from renewable resources like cornstarch, sugarcane, or cellulose. These materials can be designed to be biodegradable or compostable, thereby reducing their environmental impact. Bioplastics packaging is increasingly becoming popular as consumers and governments alike seek more sustainable alternatives to conventional plastics. This eco-friendly approach aims to reduce plastic waste and lower the carbon footprint of packaging. As a result, bioplastics packaging is gaining traction in the food and beverage, cosmetics, and pharmaceuticals industries across the globe.

Global Bioplastics Packaging Market Trends:

The growing consumer awareness and demand for eco-friendly packaging solutions represents the primary factor driving market growth. As people become more conscious of the environmental impact of their choices, industries are pressured to offer less damaging alternatives to the planet. Moreover, the implementation of stringent government regulations on single-use plastics and waste management that compels companies to explore and adopt bioplastics is positively influencing market growth. Along with this, various incentives and subsidies for using sustainable materials have accelerated the adoption of bioplastics in businesses, thereby fueling market growth. Additionally, numerous technological advancements, including the development of biodegradable and compostable materials, which make bioplastics more cost-effective and functional, are other major growth-inducing factors. Besides this, the rising integration of bioplastics into packaging strategies that help enhance brand image and consumer loyalty is propelling market growth. Furthermore, ongoing innovations that reduce the cost barriers that make it a viable option for companies across various sectors are contributing to market growth. Looking forward, the market value is projected to reach US$ 13.4 Billion by 2028, expanding at a CAGR of 14.03% during 2023-2028.

Market Summary:

Based on the product type, the market has been divided into PLA, TPS, PHA, bio-PE, bio-PA, bio-PET, bio-PP, and others. Currently, PLA accounts for the majority of the market share.
On the basis of the packaging type, the market has been bifurcated into flexible and rigid plastic packaging, wherein flexible plastic packaging represents the leading segment.
The market has been classified based on the end user into food, beverages, consumer goods, pharmaceuticals, industrial goods, and others. At present, food represents the most popular end user segment.
Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. Amongst these, Europe holds the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being ALPAGRO Packaging, Amcor plc, Arkema S.A., BASF SE, Biome Bioplastics Limited (Biome Technologies plc), Braskem S.A., Eastman Chemical Company, Koninklijke DSM N.V., Mondi PLC, NatureWorks LLC (Cargill Incorporated), Novamont S.p.A, Tetra Laval International SA, TIPA Corp Ltd., and WestRock Company.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Product Type Packaging Type End User Region
Product Types Covered	PLA, TPS, PHA, Bio-PE, Bio-PA, Bio-PET, Bio-PP, Others
Packaging Types Covered	Flexible Plastic Packaging, Rigid Plastic Packaging
End Users Covered	Food, Beverages, Consumer Goods, Pharmaceuticals, Industrial Goods, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	ALPAGRO Packaging, Amcor plc, Arkema S.A., BASF SE, Biome Bioplastics Limited (Biome Technologies plc), Braskem S.A., Eastman Chemical Company, Koninklijke DSM N.V., Mondi PLC, NatureWorks LLC (Cargill Incorporated), Novamont S.p.A, Tetra Laval International SA, TIPA Corp Ltd., WestRock Company, etc.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Bioplastics Packaging Market to Reach US$ 13.4 Billion by 2028, Stimulated by Rising Environmental Consciousness

Purchase options Year End sale

Single User License ~~$2499~~ $2249
Five User License ~~$3499~~ $2974
Corporate License ~~$4499~~ $3599

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.