Report Code: CMI49756

Published Date: May 2024

Pages: 320+

Category: Packaging & Transport

Report Snapshot

CAGR: 12.5%
15,815.2M
2023
17,728.8M
2024
51,357.1M
2033

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • NatureWorks LLC
  • BASF SE
  • Corbion NV
  • Novamont S.p.A.
  • Braskem S.A.
  • Arkema S.A.
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Bioplastics Packaging Market is expected to record a CAGR of 12.5% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 17,728.8 Million. By 2033, the valuation is anticipated to reach USD 51,357.1 Million.

Global Production Capacities of Bioplastics 2022

Packaging  In 1,000 Tonnes
Flexible Packaging 695.6
Rigid Packaging 376.1
Fibers 328.9
Consumer Goods 312.4
Automotive & Transport 159.1
Agriculture 94.7
Electrics & Electronics 57.7
Coating 35.2
Building & Construction 20.9
Others 133.3
Source: According to European Bioplastics Org.

The bioplastics packaging market encompasses the production, distribution, and utilization of packaging materials derived from renewable biomass sources such as plants, algae, and microorganisms. These materials offer alternatives to conventional plastics, aiming to mitigate environmental impacts such as pollution and resource depletion.

Bioplastics packaging includes a wide range of products such as bottles, films, bags, and trays, catering to various industries including food and beverage, pharmaceuticals, and personal care. Key drivers of market growth include increasing environmental awareness, regulatory support for sustainable packaging solutions, and advancements in bioplastic technology to improve performance and functionality.

Bioplastics Packaging Market – Significant Growth Factors

The Bioplastics Packaging Market presents significant growth opportunities due to several factors:

  • Environmental Concerns: Growing awareness about plastic pollution and the need for sustainable alternatives is driving demand for bioplastics packaging. Consumers, businesses, and governments are increasingly adopting bioplastics to reduce reliance on fossil fuels and mitigate environmental impacts.
  • Regulatory Support: Stringent regulations and policies aimed at reducing plastic waste are propelling the bioplastics packaging market. Governments worldwide are implementing bans on single-use plastics and promoting the use of biodegradable and compostable materials through legislation and incentives.
  • Consumer Preferences: Changing consumer preferences for eco-friendly products are driving the adoption of bioplastic packaging. Consumers are increasingly seeking sustainable packaging options and are willing to pay a premium for products packaged in bioplastics.
  • Technological Advancements: Ongoing research and development in bioplastic materials and processing technologies are driving innovation in the market. Advancements in biopolymer formulations, processing techniques, and additive technologies are improving the performance and cost-effectiveness of bioplastics packaging solutions.
  • Market Expansion: The bioplastics packaging market presents opportunities for expansion into new industries and applications. Emerging sectors such as e-commerce, electronics, and healthcare offer significant growth potential for bioplastics packaging solutions.

Bioplastics Packaging Market – Mergers and Acquisitions

The Bioplastics Packaging Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Bioplastics Packaging Market include:

  • In 2022, Green Dot Bioplastics expanded the Terratek BD portfolio with new applications for film extrusion, thermoforming, and injection molding. This aligns with their goal of meeting the growing sustainability needs of brand owners and customers while achieving accelerated biodegradability rates.
  • In 2022, Vikas Ecotech Limited is set to invest in environmentally friendly bioplastics (PHA) technology and is finalizing a technology tie-up or joint venture with Aurapha Private Ltd. (AuraPHA) to produce biodegradable plastics, emphasizing the adoption of solutions like polyhydroxyalkanoates (PHA).

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Bioplastics Packaging Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Bioplastics Packaging Market Blister Packaging Equipment Market Recyclable Packaging Market
CAGR 12.5% (Approx) CAGR 13.4% (Approx) CAGR 6.6% (Approx)
USD 51,357.1 Million by 2033 USD 83.6 Billion by 2033 USD 47.2 Billion by 2033

Bioplastics Packaging Market – Significant Threats

The Bioplastics Packaging Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Competitive Pricing Pressures: Traditional plastics often have lower production costs compared to bioplastics. Price competitiveness poses a threat to the widespread adoption of bioplastics, especially in cost-sensitive markets where price is a primary consideration for buyers.
  • Limited Availability of Feedstock: Bioplastics rely on renewable biomass sources such as corn, sugarcane, or vegetable oils. Fluctuations in agricultural yields, competition with food crops, and weather-related events pose risks to the consistent and reliable supply of feedstock, which can impact bioplastics production and pricing.
  • Performance Limitations: While bioplastics have made significant advancements in terms of performance and functionality, they may still lag behind traditional plastics in certain applications. Performance limitations, such as lower mechanical strength, temperature resistance, and barrier properties, can restrict the adoption of bioplastics in demanding packaging applications.
  • Infrastructure and Recycling Challenges: The existing infrastructure for collecting, sorting, and recycling plastics is primarily designed for traditional petroleum-based plastics. Bioplastics present unique challenges in recycling and composting due to their diverse compositions and compatibility issues with existing recycling systems. Inadequate infrastructure and limited end-of-life disposal options can hinder the circularity and sustainability of bioplastic packaging.

Global Bioplastics Packaging Market 2024–2033 (By Type)

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Category-Wise Insights:

By Material

  • Polylactic Acid (PLA): Polylactic Acid (PLA) is derived from renewable resources like corn starch or sugarcane. It’s widely used in bioplastic packaging due to its biodegradability and compostability. Trends include increasing demand for PLA-based packaging in food and beverage industries, advancements in PLA processing technologies, and the development of PLA-based blends to improve material properties and expand application possibilities.
  • Polyhydroxyalkanoates (PHA): Polyhydroxyalkanoates (PHA) are biodegradable polyesters synthesized by bacteria. PHA-based packaging offers high biodegradability and is gaining traction in various industries. Trends include research into optimizing PHA production processes, the development of PHA-based composite materials for enhanced performance, and the exploration of new applications such as pharmaceutical packaging and 3D printing filaments.
  • Starch Blends: Starch blends are combinations of starch with other biodegradable polymers. They’re used in packaging films and containers. Trends include innovations in starch blend formulations to improve material properties like flexibility and barrier properties, expansion of starch-based packaging into new end-use applications such as personal care products, and efforts to enhance compostability and biodegradability of starch-based materials.
  • Others: This category includes bioplastics derived from cellulose, soy protein, and bio-based polyethylene (PE). Trends include research into novel bioplastic materials with unique properties, such as cellulose-based packaging with enhanced barrier properties, soy protein-based materials for sustainable food packaging, and bio-based polyethylene as a drop-in replacement for traditional plastics in various packaging applications.

By Type

  • Rigid Packaging: Rigid bioplastic packaging refers to containers, bottles, and other packaging forms with fixed shapes and structures. It offers durability and strength, making it suitable for various applications, including food, beverage, and personal care products. Trends include the increasing use of bioplastics in rigid packaging due to advancements in material properties, enhanced shelf appeal through innovative designs, and the adoption of sustainable packaging practices by brands.
  • Flexible Packaging: Flexible bioplastics packaging includes films, pouches, and bags that can conform to various shapes and sizes. It offers versatility and lightweight properties, making it ideal for applications such as food packaging, agriculture, and consumer goods. Trends in flexible bioplastics packaging include the development of high-performance films with barrier properties, the use of compostable and biodegradable materials, and innovations in printing and labeling technologies to enhance brand visibility and consumer engagement.

Global Bioplastics Packaging Market 2024–2033 (By Application)

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By Application

  • Bottles: Bioplastic bottles are containers used for packaging beverages, personal care products, and household items. Trends in this segment include increasing demand for sustainable packaging solutions, innovation in biopolymer formulations to enhance durability and barrier properties, and the development of bioplastic bottles with improved recyclability and compostability.
  • Films & Sheets: Bioplastic films and sheets are versatile packaging materials used for wrapping food items, bags, and various applications. Trends include advancements in bioplastic film technology to improve flexibility, transparency, and barrier properties, as well as innovations in compostable and biodegradable film formulations to address environmental concerns and regulatory requirements.
  • Bags & Pouches: Bioplastic bags and pouches are commonly used in shopping bags, garbage bags, and packaging for snacks and other products. Trends in this segment include the adoption of bioplastic materials derived from renewable sources such as corn starch or sugarcane, as well as the development of compostable and biodegradable bag and pouch designs to reduce plastic waste and promote sustainability.
  • Trays & Containers: Bioplastic trays and containers are used for packaging food items, cosmetics, and other products. Trends include the use of bioplastic materials with improved mechanical strength and heat resistance to meet packaging requirements, as well as the development of compostable and recyclable tray and container designs to address environmental concerns and consumer preferences for sustainable packaging options.
  • Others: This category encompasses various bioplastics packaging applications beyond bottles, films, sheets, bags, and pouches, including clamshells, blister packs, and specialized packaging solutions. Trends in this segment include the customization of bioplastic packaging to meet specific industry requirements, such as medical packaging and electronics packaging, as well as the exploration of novel applications and functionalities enabled by bioplastic materials and processing technologies.

By End User Industry

  • Food & Beverage: Bioplastic packaging in the food and beverage industry involves the use of renewable materials for packaging food products. Trends include the development of compostable food packaging, bio-based bottles, and films with enhanced barrier properties to extend shelf life.
  • Pharmaceuticals: Bioplastics packaging in the pharmaceutical industry refers to the use of biodegradable materials for packaging drugs and healthcare products. Trends include the adoption of bio-based blister packs, vials, and pouches to meet regulatory requirements and improve sustainability.
  • Personal Care: Bioplastics packaging in the personal care industry involves the use of eco-friendly materials for packaging cosmetics, toiletries, and hygiene products. Trends include the introduction of biodegradable bottles, tubes, and jars made from renewable sources to cater to environmentally conscious consumers.
  • Consumer Goods: Bioplastics packaging in the consumer goods industry encompasses the use of sustainable materials for packaging household products, electronics, and other consumer goods. Trends include the development of bio-based packaging solutions such as trays, clamshells, and wraps to reduce carbon footprint and enhance brand reputation.
  • Others: Bioplastics packaging in other industries includes applications in industrial packaging, agriculture, and automotive sectors. Trends include the utilization of biodegradable materials for packaging industrial products, agricultural produce, and automotive components to minimize environmental impact and comply with regulatory standards.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 17,728.8 Million
Projected Market Size in 2033 USD 51,357.1 Million
Market Size in 2023 USD 15,815.2 Million
CAGR Growth Rate 12.5% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Material, Type, Application, End-User Industry and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Bioplastics Packaging Market – Regional Analysis

The Bioplastics Packaging Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, bioplastic packaging trends include a focus on sustainability and innovation. There’s a growing demand for bio-based and compostable packaging solutions driven by consumer preferences and regulatory initiatives. Additionally, investments in research and development are leading to the development of advanced bioplastic materials and packaging technologies.
  • Europe: Europe leads in regulatory support and adoption of bioplastic packaging. The region emphasizes circular economy principles, driving the demand for recyclable and biodegradable packaging solutions. Trends include the implementation of Extended Producer Responsibility (EPR) schemes, incentivizing the use of bio-based materials and promoting eco-design principles to reduce plastic waste.
  • Asia-Pacific: In the Asia-Pacific region, rapid industrialization and urbanization are driving the demand for sustainable packaging solutions. Trends include the expansion of bioplastics production capacity, particularly in countries like China and India, to meet the growing market demand. Additionally, increasing consumer awareness and government initiatives to combat plastic pollution are accelerating the adoption of bioplastic packaging.
  • LAMEA (Latin America, Middle East, and Africa): The LAMEA region is witnessing a growing interest in bioplastic packaging due to rising environmental concerns and regulatory pressures. Trends include partnerships and collaborations between local governments, businesses, and international organizations to promote sustainable packaging solutions. Investments in infrastructure for bioplastics production and waste management are also driving market growth in the region.

Global Bioplastics Packaging Market 2024–2033 (By Million)

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Competitive Landscape – Bioplastics Packaging Market

The Bioplastics Packaging Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • NatureWorks LLC
  • BASF SE
  • Corbion NV
  • Novamont S.p.A.
  • Braskem S.A.
  • Arkema S.A.
  • Mitsubishi Chemical Corporation
  • Biome Bioplastics Ltd.
  • FKuR Kunststoff GmbH
  • Danimer Scientific
  • Cardia Bioplastics Limited
  • Plantic Technologies Limited
  • Total Corbion PLA
  • Innovia Films Ltd.
  • Toray Industries Inc.
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New players such as Genesis Bioindustries, Full Cycle Bioplastics, and Algix are leveraging innovation and development to enter the bioplastics packaging market. They focus on novel technologies such as microbial fermentation, waste-derived feedstocks, and algae-based bioplastics to offer sustainable packaging solutions.

Dominating the market are key players like NatureWorks LLC, BASF SE, and Corbion NV, who lead through extensive R&D, global presence, and diversified product portfolios. These key players maintain dominance by continually investing in technological advancements, strategic partnerships, and expanding their market reach.

The Bioplastics Packaging Market is segmented as follows:

By Material

  • Polylactic Acid (PLA)
  • Polyhydroxyalkanoates (PHA)
  • Starch Blends
  • Others

By Type

  • Rigid Packaging
  • Flexible Packaging

By Application

  • Bottles
  • Films & Sheets
  • Bags & Pouches
  • Trays & Containers
  • Others

By End-User Industry

  • Food & Beverage
  • Pharmaceuticals
  • Personal Care
  • Consumer Goods
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Bioplastics Packaging Market, (2024 – 2033) (USD Million)
    • 2.2 Global Bioplastics Packaging Market: snapshot
  • Chapter 3. Global Bioplastics Packaging Market – Industry Analysis
    • 3.1 Bioplastics Packaging Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Environmental Concerns
      • 3.2.2 Regulatory Support
      • 3.2.3 Consumer Preferences
      • 3.2.4 Technological Advancements
      • 3.2.5 Market Expansion.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Material
      • 3.7.2 Market Attractiveness Analysis By Type
      • 3.7.3 Market Attractiveness Analysis By Application
      • 3.7.4 Market Attractiveness Analysis By End-User Industry
  • Chapter 4. Global Bioplastics Packaging Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Bioplastics Packaging Market: company market share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Bioplastics Packaging Market – Material Analysis
    • 5.1 Global Bioplastics Packaging Market Overview: By Material
      • 5.1.1 Global Bioplastics Packaging Market Share, By Material, 2023 and 2033
    • 5.2 Polylactic Acid (PLA)
      • 5.2.1 Global Bioplastics Packaging Market by Polylactic Acid (PLA), 2024 – 2033 (USD Million)
    • 5.3 Polyhydroxyalkanoates (PHA)
      • 5.3.1 Global Bioplastics Packaging Market by Polyhydroxyalkanoates (PHA), 2024 – 2033 (USD Million)
    • 5.4 Starch Blends
      • 5.4.1 Global Bioplastics Packaging Market by Starch Blends, 2024 – 2033 (USD Million)
    • 5.5 Others
      • 5.5.1 Global Bioplastics Packaging Market by Others, 2024 – 2033 (USD Million)
  • Chapter 6. Global Bioplastics Packaging Market – Type Analysis
    • 6.1 Global Bioplastics Packaging Market Overview: By Type
      • 6.1.1 Global Bioplastics Packaging Market Share, By Type, 2023 and 2033
    • 6.2 Rigid Packaging
      • 6.2.1 Global Bioplastics Packaging Market by Rigid Packaging, 2024 – 2033 (USD Million)
    • 6.3 Flexible Packaging
      • 6.3.1 Global Bioplastics Packaging Market by Flexible Packaging, 2024 – 2033 (USD Million)
  • Chapter 7. Global Bioplastics Packaging Market – Application Analysis
    • 7.1 Global Bioplastics Packaging Market Overview: By Application
      • 7.1.1 Global Bioplastics Packaging Market Share, By Application, 2023 and 2033
    • 7.2 Bottles
      • 7.2.1 Global Bioplastics Packaging Market by Bottles, 2024 – 2033 (USD Million)
    • 7.3 Films & Sheets
      • 7.3.1 Global Bioplastics Packaging Market by Films & Sheets, 2024 – 2033 (USD Million)
    • 7.4 Bags & Pouches
      • 7.4.1 Global Bioplastics Packaging Market by Bags & Pouches, 2024 – 2033 (USD Million)
    • 7.5 Trays & Containers
      • 7.5.1 Global Bioplastics Packaging Market by Trays & Containers, 2024 – 2033 (USD Million)
    • 7.6 Others
      • 7.6.1 Global Bioplastics Packaging Market by Others, 2024 – 2033 (USD Million)
  • Chapter 8. Global Bioplastics Packaging Market – End-User Industry Analysis
    • 8.1 Global Bioplastics Packaging Market Overview: By End-User Industry
      • 8.1.1 Global Bioplastics Packaging Market Share, By End-User Industry, 2023 and 2033
    • 8.2 Food & Beverage
      • 8.2.1 Global Bioplastics Packaging Market by Food & Beverage, 2024 – 2033 (USD Million)
    • 8.3 Pharmaceuticals
      • 8.3.1 Global Bioplastics Packaging Market by Pharmaceuticals, 2024 – 2033 (USD Million)
    • 8.4 Personal Care
      • 8.4.1 Global Bioplastics Packaging Market by Personal Care, 2024 – 2033 (USD Million)
    • 8.5 Consumer Goods
      • 8.5.1 Global Bioplastics Packaging Market by Consumer Goods, 2024 – 2033 (USD Million)
    • 8.6 Others
      • 8.6.1 Global Bioplastics Packaging Market by Others, 2024 – 2033 (USD Million)
  • Chapter 9. Bioplastics Packaging Market – Regional Analysis
    • 9.1 Global Bioplastics Packaging Market Regional Overview
    • 9.2 Global Bioplastics Packaging Market Share, by Region, 2023 & 2033 (USD Million)
    • 9.3. North America
      • 9.3.1 North America Bioplastics Packaging Market, 2024 – 2033 (USD Million)
        • 9.3.1.1 North America Bioplastics Packaging Market, by Country, 2024 – 2033 (USD Million)
    • 9.4 North America Bioplastics Packaging Market, by Material, 2024 – 2033
      • 9.4.1 North America Bioplastics Packaging Market, by Material, 2024 – 2033 (USD Million)
    • 9.5 North America Bioplastics Packaging Market, by Type, 2024 – 2033
      • 9.5.1 North America Bioplastics Packaging Market, by Type, 2024 – 2033 (USD Million)
    • 9.6 North America Bioplastics Packaging Market, by Application, 2024 – 2033
      • 9.6.1 North America Bioplastics Packaging Market, by Application, 2024 – 2033 (USD Million)
    • 9.7 North America Bioplastics Packaging Market, by End-User Industry, 2024 – 2033
      • 9.7.1 North America Bioplastics Packaging Market, by End-User Industry, 2024 – 2033 (USD Million)
    • 9.8. Europe
      • 9.8.1 Europe Bioplastics Packaging Market, 2024 – 2033 (USD Million)
        • 9.8.1.1 Europe Bioplastics Packaging Market, by Country, 2024 – 2033 (USD Million)
    • 9.9 Europe Bioplastics Packaging Market, by Material, 2024 – 2033
      • 9.9.1 Europe Bioplastics Packaging Market, by Material, 2024 – 2033 (USD Million)
    • 9.10 Europe Bioplastics Packaging Market, by Type, 2024 – 2033
      • 9.10.1 Europe Bioplastics Packaging Market, by Type, 2024 – 2033 (USD Million)
    • 9.11 Europe Bioplastics Packaging Market, by Application, 2024 – 2033
      • 9.11.1 Europe Bioplastics Packaging Market, by Application, 2024 – 2033 (USD Million)
    • 9.12 Europe Bioplastics Packaging Market, by End-User Industry, 2024 – 2033
      • 9.12.1 Europe Bioplastics Packaging Market, by End-User Industry, 2024 – 2033 (USD Million)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Bioplastics Packaging Market, 2024 – 2033 (USD Million)
        • 9.13.1.1 Asia Pacific Bioplastics Packaging Market, by Country, 2024 – 2033 (USD Million)
    • 9.14 Asia Pacific Bioplastics Packaging Market, by Material, 2024 – 2033
      • 9.14.1 Asia Pacific Bioplastics Packaging Market, by Material, 2024 – 2033 (USD Million)
    • 9.15 Asia Pacific Bioplastics Packaging Market, by Type, 2024 – 2033
      • 9.15.1 Asia Pacific Bioplastics Packaging Market, by Type, 2024 – 2033 (USD Million)
    • 9.16 Asia Pacific Bioplastics Packaging Market, by Application, 2024 – 2033
      • 9.16.1 Asia Pacific Bioplastics Packaging Market, by Application, 2024 – 2033 (USD Million)
    • 9.17 Asia Pacific Bioplastics Packaging Market, by End-User Industry, 2024 – 2033
      • 9.17.1 Asia Pacific Bioplastics Packaging Market, by End-User Industry, 2024 – 2033 (USD Million)
    • 9.18. Latin America
      • 9.18.1 Latin America Bioplastics Packaging Market, 2024 – 2033 (USD Million)
        • 9.18.1.1 Latin America Bioplastics Packaging Market, by Country, 2024 – 2033 (USD Million)
    • 9.19 Latin America Bioplastics Packaging Market, by Material, 2024 – 2033
      • 9.19.1 Latin America Bioplastics Packaging Market, by Material, 2024 – 2033 (USD Million)
    • 9.20 Latin America Bioplastics Packaging Market, by Type, 2024 – 2033
      • 9.20.1 Latin America Bioplastics Packaging Market, by Type, 2024 – 2033 (USD Million)
    • 9.21 Latin America Bioplastics Packaging Market, by Application, 2024 – 2033
      • 9.21.1 Latin America Bioplastics Packaging Market, by Application, 2024 – 2033 (USD Million)
    • 9.22 Latin America Bioplastics Packaging Market, by End-User Industry, 2024 – 2033
      • 9.22.1 Latin America Bioplastics Packaging Market, by End-User Industry, 2024 – 2033 (USD Million)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa Bioplastics Packaging Market, 2024 – 2033 (USD Million)
        • 9.23.1.1 The Middle-East and Africa Bioplastics Packaging Market, by Country, 2024 – 2033 (USD Million)
    • 9.24 The Middle-East and Africa Bioplastics Packaging Market, by Material, 2024 – 2033
      • 9.24.1 The Middle-East and Africa Bioplastics Packaging Market, by Material, 2024 – 2033 (USD Million)
    • 9.25 The Middle-East and Africa Bioplastics Packaging Market, by Type, 2024 – 2033
      • 9.25.1 The Middle-East and Africa Bioplastics Packaging Market, by Type, 2024 – 2033 (USD Million)
    • 9.26 The Middle-East and Africa Bioplastics Packaging Market, by Application, 2024 – 2033
      • 9.26.1 The Middle-East and Africa Bioplastics Packaging Market, by Application, 2024 – 2033 (USD Million)
    • 9.27 The Middle-East and Africa Bioplastics Packaging Market, by End-User Industry, 2024 – 2033
      • 9.27.1 The Middle-East and Africa Bioplastics Packaging Market, by End-User Industry, 2024 – 2033 (USD Million)
  • Chapter 10. Company Profiles
    • 10.1 NatureWorks LLC
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 BASF SE
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Corbion NV
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Novamont S.p.A.
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Braskem S.A.
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Arkema S.A.
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Mitsubishi Chemical Corporation
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Biome Bioplastics Ltd.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 FKuR Kunststoff GmbH
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Danimer Scientific
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Cardia Bioplastics Limited
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 Plantic Technologies Limited
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Total Corbion PLA
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Innovia Films Ltd.
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Toray Industries Inc.
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Others.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
List Of Figures

Figures No 1 to 34

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2033
  • Market revenue estimates and forecasts up to 2033, by technology
  • Market revenue estimates and forecasts up to 2033, by application
  • Market revenue estimates and forecasts up to 2033, by type
  • Market revenue estimates and forecasts up to 2033, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • NatureWorks LLC
  • BASF SE
  • Corbion NV
  • Novamont S.p.A.
  • Braskem S.A.
  • Arkema S.A.
  • Mitsubishi Chemical Corporation
  • Biome Bioplastics Ltd.
  • FKuR Kunststoff GmbH
  • Danimer Scientific
  • Cardia Bioplastics Limited
  • Plantic Technologies Limited
  • Total Corbion PLA
  • Innovia Films Ltd.
  • Toray Industries Inc.
  • Others

FAQs

The key factors driving the Market are Environmental Concerns, Regulatory Support, Consumer Preferences, Technological Advancements, Market Expansion.

The “Bottles” had the largest share in the global market for Bioplastics Packaging.

The “Rigid Packaging” category dominated the market in 2023.

The key players in the market are NatureWorks LLC, BASF SE , Corbion NV , Novamont S.p.A., Braskem S.A., Arkema S.A., Mitsubishi Chemical Corporation, Biome Bioplastics Ltd., FKuR Kunststoff GmbH, Danimer Scientific , Cardia Bioplastics Limited , Plantic Technologies Limited , Total Corbion PLA , Innovia Films Ltd. , Toray Industries Inc., Others.

“North America” had the largest share in the Bioplastics Packaging Market.

The global market is projected to grow at a CAGR of 12.5% during the forecast period, 2024-2033.

The Bioplastics Packaging Market size was valued at USD 17,728.8 Million in 2024.

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