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The Bioplastic Packaging Market size was USD 13 billion in 2023 and is expected to Reach USD 39.76 billion by 2031 and grow at a CAGR of 15% over the forecast period of 2024-2031.
Increasing consumption of renewable and bio-based products, a growing demand from flexible packaging industries as well as the exceptional characteristics of bioplastic such as less carbon footprint and faster decomposition than plastics are factors that contribute to market growth. However, some of the market growth has been hindered by the price competitiveness of bio plastic packaging in comparison to traditional plastics.
Due to the growing demand for bioplastic packaging in the food and consumer goods industries, the USA market for bioplastic packaging is estimated to increase significantly over the forecast period. Consequently, in the projection period demand is expected to be further stimulated by Bioplastic Packaging.
The global production capacity of bioplastics is expected to increase from 2.13 million tonnes in 2020 to approximately 4.8 million tonnes in 2030, according to the European Bioplastics Association. In 2020, the organization said, 1,229 metric tons of biodegradable bioplastics and 885 metric tons of bio-based non-biodegradable bioplastics were made.
Germany produces around 6.30 million tonnes of plastic waste per year, which is about 410 million tonnes worldwide, according to the FEA statistics. Generally, it takes between 500 and 1000 years for a plastic bottle to decompose. These results illustrate the need to use bioplastics in rigid packaging products such as bottles, tubes, cups, cutlery, blisters and others that could lead to a significant decrease of decomposition time.
KEY DRIVERS:
Growth of demand from the end use industry
Bioplastic packaging is being demanded in a number of sectors, e.g. food and beverages, healthcare, consumer goods etc. In response to consumer demand for an ecotoxic and sustainable packaging solution, manufacturers in these sectors are increasingly making use of bioplastics in their packaging.
RESTRAIN:
Cost and price competitiveness in bioplastic packaging market is high
Compared with traditional plastics made from fossil fuel, bioplastics are often more expensive to produce. The cost of raw materials, production processes and technological developments for bioplastics may reduce their economic competitiveness to an extent which is likely to limit their widespread use in price sensitive markets.
OPPORTUNITY:
The global expansion of markets and the emergence of new economies
There is considerable growth potential for expanding the bioplastic packaging market in emerging economies. The favorable environment for the introduction of Sustainable Packaging solutions is due to increasing disposable incomes, urbanization and awareness in these regions concerning issues related to the environment.
CHALLENGES:
Feedstock availability and competition with food resources
The production of bioplastics is mainly dependent on agricultural sources such as corn, sugarcane and soya which are capable of competing with food crops for land and resources. To ensure food security and sustainability it is necessary to balance feedstock use in bioplastics with food production.
The market for bioplastic has been affected in many ways by the war. Firstly, there was a disruption in the bioplastic raw material supply chain. Major exporters of wheat, corn and other crops that are used for the production of bioplastics are Russia and Ukraine. The war had led to a scarcity of such raw materials and an increase in their prices. As a consequence, bioplastics are more expensive to produce and therefore less profitable for the market. Before the Russian invasion, Russia and Ukraine accounted for 30% of the world wheat trade.
In 2022, wheat prices are set to rise by a total of 38%, on top of 32% in 2021. World inflation will increase the risk of food scarcity or even starvation in underdeveloped countries, making these prices a driving force for world inflation.
During the recession, businesses are spending less on bioplastic packaging and a lot of them are cutting back. The cost of bioplastics is relatively higher compared to standard plastic, so businesses have made it a practice to switch to conventional plastic packaging for the sake of saving money. During the recession, consumers are cutting back on spending and therefore buying cheaper products even if they're made in conventional plastic packaging. This has led to a decrease in consumer demand for bioplastic packaging.
By Material
Biodegradable
Non-Biodegradable
On the basis of material, the biodegradable segment accounted for 55.5% of the revenue market share in 2022, driven by growing demand for bioplastics in various end use sectors, which is expected to support their needs during the assessment phase. Polylactic acid, starch mixture, PBAT, PBS, PHA, polycaprolactone and cellulose acetate are also biodegradable plastics. The largest segment for revenue of the biodegradable products category in 2022 was starch blends and PBATs.
By Packaging Type
Flexible
Rigid
The Flexible Packaging sector accounted for the greatest market share of 58.2% in 2022, on the basis of type. The demand for Bioplastics in flexible packaging is expected to increase as a result of advances in the manufacture of bio plastics technologies, use of case ready packaging and better packing practices. Moreover, in particular with regard to snack foods and beverages there is a high demand for flexibility packaging.
By Application
Food & Beverages
Pharmaceutical
Consumer Goods
Cosmetics
Others
On the basis of its applications, food and beverages accounted for a market share of 60.5% in 2022. The increasing demand for packed food, as well as the growing popularity of quick service restaurants is a factor that drives the market. Manufacturers are expected to step up their capacity in order to cope with the increasing demand for packed foods, which is likely to lead to an increased market for flexural packaging over the forecast period.
The European bioplastics packaging market generated the highest revenue in 2022 with a 35.5% share. In view of the existence of stringent environmental law, friendly legislation and rising consumer awareness about environment issues, it is expected that this area will further experience significant growth over the coming years.
Furthermore, it is expected that the demand for bioplastics will increase in the assessment period due to government initiatives such as EU decisions limiting overall consumption of single use plastic products. As part of a sweeping law against plastic waste that pollutes beaches and seas, the European Parliament voted to ban single use plastics products such as cutlery and straws in 2019. It is estimated that from July 2021 onwards the ban on plastics with only one use will enter into force.
Asia Pacific region is expected to show the fastest growth over the forecast period due to rise in disposable income. Due to rise in the disposable income there is increasing demand for the packaged food products. China held the largest market share and India is experiencing the fastest growth rate.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Bioplastic Packaging market are Genecis, Mondi, Sealed Air, Novamont S.p.A, Coveris, Amcor Plc, Transcontinental Inc, Constantia Flexibles, CJ Biomaterials, Inc, Alpha Packaging and other players.
March 2023, The Amazon Climate Pledge Fund has invested in the biotech firm Genecis, which is run by a scientist named Luna Yu. The company, Genecis, uses recycled materials such as kitchen scraps to create biodegradable plastics PHA which can be adapted for use in traditional packaging.
August 2023, CJ Biomaterials, Inc., a leading producer of polyhydroxyalkanoate biopolymers and a division of South Korea based CJ CheilJedang, is working with Riman Korea to combine its patented PHA technology with polylactic acid to create packaging for Riman's premium line of IncellDerm products.
| Report Attributes | Details |
| Market Size in 2023 | US$ 13 Bn |
| Market Size by 2031 | US$ 39.76 Bn |
| CAGR | CAGR of 15 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Material (Biodegradable, Non-Biodegradable) • by Packaging Type (Flexible, Rigid) • by Application (Food & Beverages, Pharmaceutical, Consumer Goods, Cosmetics, Others), |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Genecis, Mondi, Sealed Air, Novamont S.p.A, Coveris, Amcor Plc, Transcontinental Inc, Constantia Flexibles, CJ Biomaterials, Inc, , Alpha Packaging |
| Key Drivers | • Growth of demand from the end use industry |
| Key Restraints | • Cost and price competitiveness in bioplastic packaging market is high |
Ans: The Bioplastic Packaging Market is expected to grow at a CAGR of 15 %.
Ans: The Bioplastic Packaging Market size was USD 13 billion in 2023 and is expected to Reach USD 39.76 billion by 2031.
Ans: Growth of demand from the end use industry such as food and beverages and healthcare is driving the market growth.
Ans: Cost and price competitiveness in bioplastic packaging market is high.
Ans: European region is dominating the market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Bioplastic Packaging Market Segmentation, By Material
8.1 Biodegradable
8.2 Non-Biodegradable
9. Bioplastic Packaging Market Segmentation, By Packaging Type
9.1 Flexible
9.2 Rigid
10. Bioplastic Packaging Market Segmentation, By Application
10.1 Food & Beverages
10.2 Pharmaceutical
10.3 Consumer Goods
10.4 Cosmetics
10.5 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Bioplastic Packaging Market by Country
11.2.2North America Bioplastic Packaging Market By Material
11.2.3 North America Bioplastic Packaging Market by Packaging Type
11.2.4 North America Bioplastic Packaging Market by Application
11.2.5 USA
11.2.5.1 USA Bioplastic Packaging Market By Material
11.2.5.2 USA Bioplastic Packaging Market by Packaging Type
11.2.5.3 USA Bioplastic Packaging Market by Application
11.2.6 Canada
11.2.6.1 Canada Bioplastic Packaging Market By Material
11.2.6.2 Canada Bioplastic Packaging Market by Packaging Type
11.2.6.3 Canada Bioplastic Packaging Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Bioplastic Packaging Market By Material
11.2.7.2 Mexico Bioplastic Packaging Market by Packaging Type
11.2.7.3 Mexico Bioplastic Packaging Market by Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Bioplastic Packaging Market by Country
11.3.1.2 Eastern Europe Bioplastic Packaging Market By Material
11.3.1.3 Eastern Europe Bioplastic Packaging Market by Packaging Type
11.3.1.4 Eastern Europe Bioplastic Packaging Market by Application
11.3.1.5 Poland
11.3.1.5.1 Poland Bioplastic Packaging Market By Material
11.3.1.5.2 Poland Bioplastic Packaging Market by Packaging Type
11.3.1.5.3 Poland Bioplastic Packaging Market by Application
11.3.1.6 Romania
11.3.1.6.1 Romania Bioplastic Packaging Market By Material
11.3.1.6.2 Romania Bioplastic Packaging Market by Packaging Type
11.3.1.6.4 Romania Bioplastic Packaging Market by Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Bioplastic Packaging Market By Material
11.3.1.7.2 Turkey Bioplastic Packaging Market by Packaging Type
11.3.1.7.3 Turkey Bioplastic Packaging Market by Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Bioplastic Packaging Market By Material
11.3.1.8.2 Rest of Eastern Europe Bioplastic Packaging Market by Packaging Type
11.3.1.8.3 Rest of Eastern Europe Bioplastic Packaging Market by Application
11.3.2 Western Europe
11.3.2.1 Western Europe Bioplastic Packaging Market by Country
11.3.2.2 Western Europe Bioplastic Packaging Market By Material
11.3.2.3 Western Europe Bioplastic Packaging Market by Packaging Type
11.3.2.4 Western Europe Bioplastic Packaging Market by Application
11.3.2.5 Germany
11.3.2.5.1 Germany Bioplastic Packaging Market By Material
11.3.2.5.2 Germany Bioplastic Packaging Market by Packaging Type
11.3.2.5.3 Germany Bioplastic Packaging Market by Application
11.3.2.6 France
11.3.2.6.1 France Bioplastic Packaging Market By Material
11.3.2.6.2 France Bioplastic Packaging Market by Packaging Type
11.3.2.6.3 France Bioplastic Packaging Market by Application
11.3.2.7 UK
11.3.2.7.1 UK Bioplastic Packaging Market By Material
11.3.2.7.2 UK Bioplastic Packaging Market by Packaging Type
11.3.2.7.3 UK Bioplastic Packaging Market by Application
11.3.2.8 Italy
11.3.2.8.1 Italy Bioplastic Packaging Market By Material
11.3.2.8.2 Italy Bioplastic Packaging Market by Packaging Type
11.3.2.8.3 Italy Bioplastic Packaging Market by Application
11.3.2.9 Spain
11.3.2.9.1 Spain Bioplastic Packaging Market By Material
11.3.2.9.2 Spain Bioplastic Packaging Market by Packaging Type
11.3.2.9.3 Spain Bioplastic Packaging Market by Application
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Bioplastic Packaging Market By Material
11.3.2.10.2 Netherlands Bioplastic Packaging Market by Packaging Type
11.3.2.10.3 Netherlands Bioplastic Packaging Market by Application
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Bioplastic Packaging Market By Material
11.3.2.11.2 Switzerland Bioplastic Packaging Market by Packaging Type
11.3.2.11.3 Switzerland Bioplastic Packaging Market by Application
11.3.2.1.12 Austria
11.3.2.12.1 Austria Bioplastic Packaging Market By Material
11.3.2.12.2 Austria Bioplastic Packaging Market by Packaging Type
11.3.2.12.3 Austria Bioplastic Packaging Market by Application
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Bioplastic Packaging Market By Material
11.3.2.13.2 Rest of Western Europe Bioplastic Packaging Market by Packaging Type
11.3.2.13.3 Rest of Western Europe Bioplastic Packaging Market by Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Bioplastic Packaging Market by country
11.4.2 Asia-Pacific Bioplastic Packaging Market By Material
11.4.3 Asia-Pacific Bioplastic Packaging Market by Packaging Type
11.4.4 Asia-Pacific Bioplastic Packaging Market by Application
11.4.5 China
11.4.5.1 China Bioplastic Packaging Market By Material
11.4.5.2 China Bioplastic Packaging Market by Packaging Type
11.4.5.3 China Bioplastic Packaging Market by Application
11.4.6 India
11.4.6.1 India Bioplastic Packaging Market By Material
11.4.6.2 India Bioplastic Packaging Market by Packaging Type
11.4.6.3 India Bioplastic Packaging Market by Application
11.4.7 Japan
11.4.7.1 Japan Bioplastic Packaging Market By Material
11.4.7.2 Japan Bioplastic Packaging Market by Packaging Type
11.4.7.3 Japan Bioplastic Packaging Market by Application
11.4.8 South Korea
11.4.8.1 South Korea Bioplastic Packaging Market By Material
11.4.8.2 South Korea Bioplastic Packaging Market by Packaging Type
11.4.8.3 South Korea Bioplastic Packaging Market by Application
11.4.9 Vietnam
11.4.9.1 Vietnam Bioplastic Packaging Market By Material
11.4.9.2 Vietnam Bioplastic Packaging Market by Packaging Type
11.4.9.3 Vietnam Bioplastic Packaging Market by Application
11.4.10 Singapore
11.4.10.1 Singapore Bioplastic Packaging Market By Material
11.4.10.2 Singapore Bioplastic Packaging Market by Packaging Type
11.4.10.3 Singapore Bioplastic Packaging Market by Application
11.4.11 Australia
11.4.11.1 Australia Bioplastic Packaging Market By Material
11.4.11.2 Australia Bioplastic Packaging Market by Packaging Type
11.4.11.3 Australia Bioplastic Packaging Market by Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Bioplastic Packaging Market By Material
11.4.12.2 Rest of Asia-Pacific Bioplastic Packaging Market by Packaging Type
11.4.12.3 Rest of Asia-Pacific Bioplastic Packaging Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Bioplastic Packaging Market by Country
11.5.1.2 Middle East Bioplastic Packaging Market By Material
11.5.1.3 Middle East Bioplastic Packaging Market by Packaging Type
11.5.1.4 Middle East Bioplastic Packaging Market by Application
11.5.1.5 UAE
11.5.1.5.1 UAE Bioplastic Packaging Market By Material
11.5.1.5.2 UAE Bioplastic Packaging Market by Packaging Type
11.5.1.5.3 UAE Bioplastic Packaging Market by Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Bioplastic Packaging Market By Material
11.5.1.6.2 Egypt Bioplastic Packaging Market by Packaging Type
11.5.1.6.3 Egypt Bioplastic Packaging Market by Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Bioplastic Packaging Market By Material
11.5.1.7.2 Saudi Arabia Bioplastic Packaging Market by Packaging Type
11.5.1.7.3 Saudi Arabia Bioplastic Packaging Market by Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Bioplastic Packaging Market By Material
11.5.1.8.2 Qatar Bioplastic Packaging Market by Packaging Type
11.5.1.8.3 Qatar Bioplastic Packaging Market by Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Bioplastic Packaging Market By Material
11.5.1.9.2 Rest of Middle East Bioplastic Packaging Market by Packaging Type
11.5.1.9.3 Rest of Middle East Bioplastic Packaging Market by Application
11.5.2 Africa
11.5.2.1 Africa Bioplastic Packaging Market by Country
11.5.2.2 Africa Bioplastic Packaging Market By Material
11.5.2.3 Africa Bioplastic Packaging Market by Packaging Type
11.5.2.4 Africa Bioplastic Packaging Market by Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Bioplastic Packaging Market By Material
11.5.2.5.2 Nigeria Bioplastic Packaging Market by Packaging Type
11.5.2.5.3 Nigeria Bioplastic Packaging Market by Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Bioplastic Packaging Market By Material
11.5.2.6.2 South Africa Bioplastic Packaging Market by Packaging Type
11.5.2.6.3 South Africa Bioplastic Packaging Market by Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Bioplastic Packaging Market By Material
11.5.2.7.2 Rest of Africa Bioplastic Packaging Market by Packaging Type
11.5.2.7.3 Rest of Africa Bioplastic Packaging Market by Application
11.6 Latin America
11.6.1 Latin America Bioplastic Packaging Market by country
11.6.2 Latin America Bioplastic Packaging Market By Material
11.6.3 Latin America Bioplastic Packaging Market by Packaging Type
11.6.4 Latin America Bioplastic Packaging Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Bioplastic Packaging By Material
11.6.5.2 Brazil Bioplastic Packaging by Packaging Type
11.6.5.3 Brazil Bioplastic Packaging by Application
11.6.6 Argentina
11.6.6.1 Argentina Bioplastic Packaging By Material
11.6.6.2 Argentina Bioplastic Packaging by Packaging Type
11.6.6.3 Argentina Bioplastic Packaging by Application
11.6.7 Colombia
11.6.7.1 Colombia Bioplastic Packaging By Material
11.6.7.2 Colombia Bioplastic Packaging by Packaging Type
11.6.7.3 Colombia Bioplastic Packaging by Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Bioplastic Packaging By Material
11.6.8.2 Rest of Latin America Bioplastic Packaging by Packaging Type
11.6.8.3 Rest of Latin America Bioplastic Packaging by Application
12 Company profile
12.1 Genecis
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Mondi
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Sealed Air
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Novamont S.p.A
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Coveris
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Amcor Plc
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Transcontinental Inc
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Constantia Flexibles
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 CJ Biomaterials, Inc
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Alpha Packaging
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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