The Asia-Pacific bioplastic packaging market is projected to grow at a significant CAGR during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased demand for eco-friendly packaging options across various end-user industries. Due to the rising environmental concerns, consumers as well as the big brands are shifting their non-renewable packaging products to the renewable bio-based packaging items, which, in turn, is driving the growth of the Asia-Pacific bioplastic packaging market growth over the forecast period. Besides, there are several government initiatives and laws that ban encourages the use of bio-based products and bans the use of single-use non-biodegradable plastics, which further supports the growth of the market.

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The Asia-Pacific biosimilar market is segmented on the basis of type, packaging type, and end-user industry. Based on the type, the market has been segmented as biodegradable plastics and non- biodegradable plastics. The biodegradable plastics segment is further sectioned as starch-based, polylactic acid (PLA), polyhydroxyalkanoates (PHA), polyester, and cellulose derivatives. The non-biodegradable plastics segment is further sectioned as bio-polyethylene terephthalate (PET), bio-polyethylene, bio-polyamides, bio-poly trimethylene terephthalate, and other non-biodegradable plastics. Based on the packaging type, the market is segmented as rigid packaging and flexible packaging. Based on the end-user industry, the market is segmented as food & beverage, pharmaceutical, personal care, and others.

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Asia-Pacific Bioplastic Packaging Market Segmentation

By Type

Biodegradable Plastics

Starch-based

Polylactic Acid (PLA)

Polyhydroxyalkanoates (PHA)

Polyester

Cellulose Derivatives

Non-biodegradable Plastics

Bio-polyethylene Terephthalate (PET)

Bio-Polyethylene

Bio-Polyamides

Bio-Polytrimethylene Terephthalate

Other Non-biodegradable Plastics

By Packaging Type

Rigid Packaging

Flexible Packaging

By End-User Industry

Food & Beverage

Pharmaceutical

Personal Care

Others

Regional Analysis

China

India

Japan

Rest of Asia-Pacific

Company Profiles

Arkema S.A.

Overview

Arkema SA in Asia-Pacific

Arkema SA in Bioplastic Packaging Landscape

Recent Developments

BASF SE

Eastman Chemical Co.

Koninklijke DSM N.V.

Mondi PLC

Rengo Co. Ltd.

Tetra Pak International SA

The Dow Chemical Co.

Toray Industries Inc.

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