The Indian 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 rapidly growing population and their inclination towards the adoption of bio-based packaging options. Besides, the packaging companies are also shifting their focus towards the use of multi-use plastics or biodegradable packaging products, which is creating ample opportunities for the market over the forecast period. Further, several initiatives by the Indian government such as ‘Swacch Bharat Abhiyan’ in order to make the environment free from waste are also flourishing the growth of the market. Thus, increased demand for bioplastics in India is likely to be witnessed across various end-user industries, as these bioplastics serve similar properties as traditional plastic.
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The India 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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Further, BASE SE, The Dow Chemical Co., Koninklijke DSM N.V., Toray Industries Inc., Plastobag Industries, Eastman Chemical Co., and others are some of the players operating in the Indian bioplastic packaging market.
Market Segmentation
India Bioplastic Packaging Market 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
India Bioplastic Packaging Market by Packaging Type
• Rigid Packaging
• Flexible Packaging
India Bioplastic Packaging Market by End-User Industry
• Food & Beverage
• Pharmaceutical
• Personal Care
• Others
Company Profiles
Arkema S.A.
• Overview
• Arkema SA in Bioplastic Packaging Landscape
• Recent Developments
• BASF SE
• Eastman Chemical Co.
• Koninklijke DSM N.V.
• Mondi PLC
• Plastobag Industries
• TGP Bioplastics Pvt. Ltd.
• The Dow Chemical Co.
• Toray Industries Inc.
• Uflex Ltd.
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