Bioplastics Packaging Market
The global bioplastics packaging market size was valued at USD 6.33 billion in 2024. The market is projected to grow from USD 6.92 billion in 2025 to USD 14.07 billion by 2032, exhibiting a CAGR of 10.67% during the forecast period. Asia Pacific dominated the bioplastics packaging market with a market share of 42.18% in 2024.
Bioplastic packaging, made from bio-based and biodegradable materials, serves various sectors such as food & beverage and personal care. Unlike traditional petroleum-based plastics, bioplastics decompose faster and emit fewer greenhouse gases. The rising demand for sustainable packaging has fuelled the growth of the market. The market offers packaging made from renewable resources such as corn, sugarcane, and cassava, which have favorable properties such as recyclability, renewability, and durability. The packaging also extends the shelf life of perishable foods and protects products from contamination, making them suitable for various packaging applications.
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List of Key Players Mentioned in the Report:
- Corbion N.V. (Netherlands)
- Coveris (U.K.)
- Bio Futura (Netherlands)
- Safepack Packaging Solutions (India)
- Amcor Plc. (Australia)
- PLAMFG (U.S.)
- Plantic Technologies (Australia)
- Futamura Group (Japan)
- NatureWorks LLC (U.S.)
- Polymateria Ltd. (U.K.)
Segmentation:
Biodegradable Segment Leads owing to Manufacturer Sustainability Goals
On the basis of material, the market is divided into polybutylene succinate (PBS), biodegradable (starch blends, polylactic acid (PLA), polybutylene adipate terephthalate (PBAT), polyhydroxyalkanoates (PHA), and others), bio-based/non-biodegradable (bio polyethylene terephthalate (PET), bio polyethylene (PE), bio polyamide (PA), bio poly trimethylene terephthalate (PTT), and others). The biodegradable material segment secures the largest bioplastics packaging market share. Increasing prioritization of sustainability by manufacturers is leading to the integration of biodegradable materials, boosting the growth of the segment.
Rigid Packaging Segment Dominates Owing to Advancements in Material and Sustainability
On the basis of packaging type, the market is bifurcated into rigid packaging and flexible packaging. The Rigid packaging segment leads the market. Innovations in bioplastic materials and shift toward sustainable packaging solutions are boosting the use of bioplastic in rigid packaging, enhancing shelf appeal and meeting market demands.
Food & Beverage Segment Dominated Owing to Increased Production Capacity
In terms of end-use industry, the market is divided into food & beverages, pharmaceuticals, cosmetic & personal care, consumer goods, and others. The food & beverages segment is set to led the key bioplastics packaging market share. Expansion in food and beverage production capacity drives demand for packaging solutions, including bioplastics, contributing to segment growth.
Bottle Segment Leads Owing to Growing Focus on Sustainable Packaging
In terms of product type, the market is classified into bottles, cups, trays, clamshell, bags, pouch & sachet, and others. The bottle segment dominates with a rising emphasis on sustainable packaging. Key trends include advancements in biopolymer technology to improve durability and recyclability, alongside a shift towards more compostable options.
In terms of region, the market for bioplastics packaging is categorized into Europe, North America, the Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
This market research report provides an in-depth analysis, focusing on top companies, product/service types, Porter’s five forces, key end-use industries, and competitive dynamics. It also examines significant industry developments, market trends, and factors contributing to recent market growth.
Drivers and Restraints:
Rising Bio-based and Biodegradable Packaging Materials Among Manufacturers to Spur Market Growth
Increasing awareness of plastic pollution is driving demand for the product, which offer recyclability and reduced environmental impact. Moreover, growing calls for sustainable food packaging solutions are prompting innovations in bioplastics, attracting new players and fostering bioplastics packaging market growth and competition.
However, competition for biomass feedstocks and irregular supply due to climatic and geopolitical factors restricts bioplastic production scalability.
Regional Insights:
Asia Pacific Dominates the Market Owing to Expanding Population
The Asia Pacific region holds the top position in this market, largely propelled by its burgeoning population. Emerging countries within the region are poised to witness heightened demand for bioplastics packaging, spurred by growth in local electronics and food & beverages sectors.
The Middle East's evolving lifestyle, fuelled by rising disposable incomes, is driving higher demand for convenience food and contributing to growth in the bioplastic packaging market.
Information Source: https://www.fortunebusinessinsights.com/bioplastic-packaging-market-1080
Key Industry Development:
January 2024 – A leader in the sustainable packaging industry, Print & Pack, launched a new era of eco-friendly packaging solutions tailored for small businesses and eco-conscious brands across North America.
December 2023 – Melodea launched MelOx NGen, a high-performance barrier product designed to enhance the recyclability of plastic food packaging and other applications. This water-based and plant-sourced coating is designed to be applied to various types of packaging materials such as films, pouches, bags, lids, and blister packs.
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