Summary

Global Bioplastic Packaging Market Trends, Analysis, Size, Share: by Type (Bio-PET, PLA, PBS, Bio-PP, and others), Application (Plastic Bottles, Packaging, and Others), and Region - Forecast Till 2023

Bioplastic Packaging Market Overview

Bioplastics are derived from biodegradable feedstock and are a viable alternative to polymer-based plastics. Growing awareness regarding the harmful effects of plastics has led to the extensive usage of bioplastics in diverse applications, including packaging. Market Research Future (MRFR) has recently published an in-depth report on the global bioplastic packaging market which contains in-depth analysis of market factors and forecasts for the period of 2017-2023. MRFR has asserted that the bioplastic packaging market is likely to showcase steady growth in the coming years.

To reduce the magnitude of the growing menace of plastic pollution, the governments in multiple countries have undertaken concrete steps towards the use of plastics. Such steps include imposing restrictions on the use of synthetic plastics for packaging applications. In 2008, the Chinese government imposed a ban on the usage of plastic bags, and various other counties have followed China's footsteps.

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Competitive Landscape

Biome Bioplastics Limited. (UK), Dow Chemical Company (USA), FKuR Kunststoff (Germany), Novamont S.P.A. (Italy), Koninklijke DSM N.V. (the Netherlands), BASF SE (Germany), Metabolix Inc. (USA), NatureWorks LLC (USA), Arkema Group (France), Eastman Chemical Company (USA), and DaniMer Scientific LLC (USA) are the key players in the global bioplastic packaging market.

Industry Updates

June 2019 - Neste, a Biobased and Renewable Products Advocacy Group (BRAG) member, and LyondellBassell, a leading plastics, chemicals, and refining company, announced the commencement of production of biobased polypropylene and biobased low-density polyethylene for the first time. The new food packaging bioplastic uses Neste’s renewable hydrocarbons, derived from sustainable biobased raw materials and is marked as Circulen and Circulen Plus by LyondellBasell.

Market Segmentation

The global bioplastic packaging market has been segmented based on type and application.

By type, the bioplastic market has been segmented into bio-PET, PLA, PBS, bio-PP, and others. Type-wise, the bioplastic packaging market is being dominated by the bio-PET segment. Bio-PET has similar properties as of conventional PET and is highly used for bottling and other packaging applications such as for manufacturing bags, food containers, carry bags, bottles, and others. Meanwhile, the PLA segment is anticipated to expand over the forecast period on account of easy processability and superior mechanical properties.

By application, the bioplastic packaging market has been segmented into plastic bottles, packaging, and others. Application-wise, the packaging segment is dominating the market and is likely to be the fastest-growing segment over the forecast period.

Regional Analysis

Region-wise, the bioplastic packaging market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

The bioplastic packaging market is dominated by Europe. The region has been a frontrunner in the adoption of green packaging solutions. Moreover, stringent government regulations prohibiting the use of polymers in packaging applications has created a conducive environment for the growth of the bioplastic packaging market in Europe. Moreover, due to the high level of awareness in the region, bioplastics are highly preferred, which generates considerable demand within the market. The European Union is aiding the growth of the market by reducing taxes on bio-based products. The UK, France, Germany, and Spain are the key contributors to the Europe market.

North America is likely to emerge as an important growth pocket in the coming years. Various laws are being regulated in the region to curb the intensifying problems of environmental pollution. The US and Canada are the key contributors to the North America market.

APAC market is likely to demonstrate notable growth over the forecast period. Escalating demand for packaged goods in the region is supporting the growth of the market. China is the major contributor to the APAC market. Other country-specific markets include South Korea, Australia, and Japan.

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Type

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

Continues……

List Of Figures

FIGURE 1 RESEARCH TYPEOF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

Continues……

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