Bio-Plastic Packaging Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Bio-Plastic Packaging market is expected to grow from $11,120.58 million in 2017 to reach $1,62,095.88 million by 2026 with a CAGR of 34.7%.

Rising adoption of bio-plastic packaging solutions and reduction of poisonous VOC are factors boosting the expansion of the market. However, high manufacturing price of biodegradable substances is hampering the growth of the market.

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Bio-plastics are biodegradable group of polymers that are manufactured using renewable-based sources. Conventional plastics are dangerous due to the impact on the surroundings and their heavy reliance on the oil and gas industry for raw materials such as naphtha. Conventional plastic is widely used for packaging of casings, electronics, and food products, amongst others. This, in turn, is negatively impacting the atmosphere, leading to increasing land and marine pollution.

By end users, the food and beverages segment is expected to be dominant owing to high demand for bio-plastic packaging in the food and beverages industry as companies are looking to switch to biodegradable packaging options especially for organic food and premium & customized products that have specific requirements.

On basis of geography, Europe is anticipated to be the main markets for bio-plastic packaging over the forecast period due to the severe rules and policies against use of non-recyclable plastics along with gaining recognition of sustainable packaging in the manufacturing industry sector.

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Some of the key players in bio-plastic packaging the market include BASF SE, DuPont (EI) de Nemours, Cargill Incorporated, Metabolix Inc., Toray Industries Inc., Evonik Industries AG, Cardia Bioplastics Limited, Arkema SA, Innovia Films Limited, Green Dot Holdings LLC, Corbion nv, Novamont, NatureWorks, Sphere SA, Novozymes, Solvay, LanzaTech , Shenzhen Polymtek Biomaterial, Durect Corporation and Haihang Industries Co., Ltd.

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Packaging Types Covered:
• Flexible Packaging
• Rigid plastic Packaging

Types Covered:
• Biodegradable Plastic
• Non-Biodegradable
• Poly-3-Hydroxybutyrate (PHB)
• Polycaprolactone (PCL)
• Bio-Polyethylene (Bio-PE)
• Aliphatic and Aromatic Polyesters
• Molded Fiber
• Aliphatic-Aromatic Co-Polyester (AAC)
• Water Soluble Polymer (WSP)
• Thermoplastic Elastomers (TPS)
• Bio-Polypropylene (Bio-PP)
• Low Density Polyethylene (LDPE)

Type of plastics Covered:
• Hydro-Biodegradable Plastic
• Oxo-Biodegradable Plastic

Technologies Covered:
• Bioplastic Directly Extracted From Biomass
• Pelletizing
• Injection Molding
• Non-Biodegradable Bio-Derived Thermoplastics
• Biodegradable Polymers Synthesized From Petrochemicals
• Bioplastic Synthesized From Bio-Derived Monomers
• Bioplastic Produced By Natural Or Genetically Modified Organisms (GMO)
• Other Technologies

Applications Covered:
• Bottles and Jars
• Food Wraps
• Dry Cleaning Bags
• Beverage Packaging
• Non-Food Wraps
• Foodservice Packaging
• Catering
• Kitchen Utensils
• Other Applications

End Users Covered:
• Consumer Goods
• Food and Beverage
• Cosmetics
• Pharmaceuticals
• Industrial Goods
• Hospital
• Manufacturing
• Agriculture
• Electronics and Appliances
• Automotive
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929

Release ID: 413208