The global bioplastic packaging market is projected to grow at a significant CAGR during the forecast period (2020-2026). The packaging is one of the vital industries that demands various types of plastics and products for packaging purposes. Bioplastic packaging acts as the most suitable alternative to the plastics packaging products. The key factors that drive the growth of the bioplastic packaging industry include the rising demands to reduce plastic waste from across the globe. Various government initiatives and policies are implemented to replace plastics with a better alternative that causes less pollution when compared. Besides, the inclination of the consumers towards the use of environmentally friendly products is further estimated to accelerate the growth of the global bioplastics packaging market during the forecast period.

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Moreover, amongst the end-use industries of the global bioplastic packaging market, the food & beverage industry is considered to be one of the leading end-user industries in the bioplastics packaging market owing to the increased reluctance towards the plastic packaging products. Plastic-based products are associated with a high risk of contamination owing to which the food & beverage industry is turning towards bioplastic packaging products. Further, growing consumer preference for organic and natural polymers in food packaging is also accelerating the adoption rate of these bioplastic packaging solutions in the food & beverage sector. Such aforementioned factors are substantially contributing towards the market growth over the forecast period.

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Global 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

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

ASEAN

South Korea

Rest of Asia-Pacific

Rest of the World

Company Profiles

Arkema S.A.

BASF SE

Biome Bioplastics Ltd.

Braskem S.A.

Corbion N.V.

CornWare UK Ltd.

DaniMer Scientific LLC

Eastman Chemical Co.

FKuR Polymers GmbH

Innovia Films, Ltd.

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