|Study Period:||2019- 2026|
|Fastest Growing Market:||Asia Pacific|
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The Global Bioplastics Packaging Market is expected to grow at a CAGR of 15.2% over the forecast period (2021-2026). Bioplastics packaging solutions are finding increasing applications in packaging owing to their low environmental impact, growing focus on recyclability and sustainability, government emphasis on efficient packaging management, and rising consumer awareness, coupled with increasing bans on single-use plastic.
- According to the Society of the Plastics Industry (SPI), Bioplastics Council defines bioplastics as biodegradable plastic, has biobased content, or both. Bioplastics materials consist of materials with differing properties. The three main groups are Bio-based, non-biodegradable materials, such as bio-PE, bio-PET, and bio-PEF, Bio-based and biodegradable materials, such as PLA, PHA, or starch blends, Fossil-based and biodegradable materials.
- The bio-plastic products are usually made of renewable raw materials, such as starch and cellulose. Moreover, bio-degradable plastic can decompose into inorganic compounds, CO2, methane, and water, by the enzymatic action of microorganisms.
- According to European Bioplastics (Association of Bioplastics), global bioplastics production capacity is set to increase from around 2.11 million metric tons in 2020 to approximately 2.7 million metric tons in 2025. The organization stated that a total of 1,227 metric tons of biodegradable bioplastics and 884 bio-based non-biodegradable bioplastics were produced in 2020.
- Furthermore, the increasing initiatives by the government and the related regulatory bodies to promote bioplastics usage is expected to boost market growth over the forecast period. For instance, Japan unveiled a new policy to increase the use of plant-based bioplastics to tackle marine plastic waste. In a move that would see the country recycle 100% of newly produced plastics by 2035 and promote the use of bioplastics from plant-based sources.
- Amid the COVID-19 pandemic, the growth of the bioplastics packaging market has been majorly stunted. The supply chain disruption, price hike of the raw material, and the nationwide lockdown have heavily impacted the growing market before the pandemic hit.
- Moreover, changes in consumer behavior during the COVID-19 pandemic require actions concerning the adoption of bioplastics for single-use food packaging. Polylactide (PLA) is anticipated to witness significant growth for high production viability, performance comparable to those of petroleum-based thermoplastics, and carbon-neutral life cycle in the market studied over the forecast period.
Scope of the Report
Bioplastics are plastics that are derived from organics sources such as corn starch and are often made up of polylactic acid (PLA). These plastics are increasingly being adopted in the packaging industry due to their ability to break down easily and quickly compared to normal plastics. The report comprehensively analyzes the global bioplastics packaging market segmented by material type, product type, end-user industry, and geography.
|By Material Type|
|BIO - PET|
|BIO - PE|
|BIO - PA|
|Other Bio-Based/Non-Biodegradable Materials|
|Other Biodegradable Materials|
|By Product Type|
|Rigid Plastic Packaging (Bottle, Tray, Tubes, Caps, Cups, Cutlery, Blister Packaging) Non-biodegradable Biopolymers|
|Flexible Packaging (Pouch, Film, Labels, and Others)|
|By End-user Industries|
|Personal Care & Household Care|
|Other End-user Applications|
|Middle East and Africa|
Key Market Trends
Rigid Packaging to Hold Dominant Position in the Market
- Rigid bioplastics are used for cosmetics packaging of compact powders, lipsticks, creams, and beverage bottles. A broad application base increases the scope for demand. Materials, such as bio-based PE, PLA, or bio-based PET, are used in this section.
- According to stats from the Federal Environment Agency, Germany produces almost 6.28 million tons of plastic waste each year, and globally, the figure is about 400 million tons. In general, a plastic bottle takes approximately 500 to 1,000 years to decompose. Such stats showcase the need for bioplastics in rigid packaging products, such as bottles, tubes, cups, cutlery, blister packaging, etc., which could significantly reduce the decomposition time.
- In the context of the rising environmental awareness, several well-known brands, such as Vittel, Coca-Cola, Heinz, or Volvic, have started using bio-based PET for making bottles of all sizes comprising sparkling drinks and other non-gaseous fluids and solutions. Major companies like Johnson & Johnson and Procter & Gamble rely on bio-based PE to package several cosmetic products.
- The significant percentage of bio-based material in these products and the capability to combine them with suitable recyclates from conventional PE and PET have resulted in a decisive growth in resource efficiency and a decrease in carbon dioxide releases.
- Considering the growing popularity of bio-plastics, multiple bioplastics use case technologies are being discovered in the developed countries by catering significant funding in research and development. For instance, in July 2021, Brown University students developed a bioplastic ‘Fette’ Cup that can replace solo cups. The solo cups are made from number six plastic, which is chemically identical to styrofoam and toxic for the environment.
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Europe Holds the Maximum Market Share
- The European Union (EU) is working towards the 2050 net-zero emissions goal and tackling the increasing environmental and sustainability crisis by implementing the European Green Deal. The inclination towards a more sustainable society is intertwined with the production, use, and disposal of plastic in the European economy.
- Europe strengthened its position as a major hub for the entire bioplastics industry and ranked foremost in the field of research and development, having this industry’s largest market worldwide. By now, one-fourth of the overall bioplastics production capacity is located in Europe.
- Furthermore, consumers in the region are increasingly becoming aware of the effect of plastic & non-biodegradable packaging on the environment. The demand for green packaging, including bioplastics packaging, is on the rise in the country.
- According to european-bioplastics.org, in Europe, 50% of goods are being packaged in plastic that impacts the environment on a large scale. Therefore, the government and the related regulatory bodies are increasingly coming up with initiatives that promote and incentivize the use of bioplastics for packaging in the region.
- Besides the contributions towards a sustainable future, the emerging bioplastics industry has the prospective to unfold an immense economic impact in Europe over the coming decades. According to a market analysis conducted by EuropaBio, the European bioplastics industry could realize a steep employment growth, most of which will positively affect the development of rural areas.
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The Global bioplastics packaging market consists of several major players. The major players with a prominent share in the market are focusing on expanding their customer base across the regions and the end-user industry base. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. Some of the major players operating in the market include BASF SE, Tagleef Industries Group, Alpagro Packaging, and Amcor Ltd. Some of the recent developments in the market are:
- July 2021 - TIPA Corporation Ltd. partnered with Amcor to manufacture compostable packaging in Australia and New Zealand as it looks for plastic alternatives to reduce waste. Amcor will manufacture, supply, and distribute the product under an exclusive partnership with TIPA, including fresh food and bakery items, allowing traditional plastic bags and packaging to be removed from the waste stream.
- Jan 2021 - Taghleef Industries introduced a new range of bio-based polypropylene (PP) films to its biobased portfolio. Taghleef's bio-based PP films are biodegradable packaging options that are a bio-based alternative to films generated from fossil fuels. ISCC Plus certified Ti's biobased PP films could be used in the same packaging and labeling applications as typical grades made of fossil-based raw materials.
- Sep 2020 - PSI announced its partnership with Danimer Scientific, a developer, and manufacturer of biodegradable materials, to produce bio-based, home-compostable films. PSI planned to use material supplied by Danimer Scientific to produce packaging films that will reliably degrade without leaving behind harmful microplastics.
- June 2020 - BASF SE expands its packaging coatings production to South China. The expansion will complement the production capacities in Shanghai, which primarily serve the market in the East China region. The move will support the fast-growing packaging industry in South China and help customers reduce lead times by offering proximity between production and point of use. This also reduces energy consumption and CO2 emissions due to the shorter transportation distance.
- May 2020 - Toray Industries, Inc. announced that it had created a high tensile modulus of carbon fiber and thermoplastic pellets ideal for injection molding employing that fiber. The pellets can efficiently produce complex, rigid parts that are also light, thereby lowering environmental impact. These advances could greatly enhance cost performance.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Assessment of COVID-19 Impact on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Stringent Government Regulations against the Use of Conventional Plastics
5.1.2 Increased Usage of Green Products, Sustainability, and Inclination toward Environment Protection
5.2 Market Challenges
5.2.1 High Production Cost and Lack of Supply of Bio-plastics
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 BIO - PET
6.1.2 BIO - PE
6.1.3 BIO - PA
6.1.4 Other Bio-Based/Non-Biodegradable Materials
6.1.5 Starch Blends
6.1.9 Other Biodegradable Materials
6.2 By Product Type
6.2.1 Rigid Plastic Packaging (Bottle, Tray, Tubes, Caps, Cups, Cutlery, Blister Packaging) Non-biodegradable Biopolymers
6.2.2 Flexible Packaging (Pouch, Film, Labels, and Others)
6.3 By End-user Industries
6.3.4 Personal Care & Household Care
6.3.5 Other End-user Applications
6.4 By Geography
6.4.1 North America
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East and Africa
7. COMPETITIVE LANDSCAPE
*List Not Exhaustive
7.1 Company Profiles
7.1.1 TAGHLEEF INDUSTRIES GROUP
7.1.2 BASF SE
7.1.3 Mitsubishi Chemicals Corporation
7.1.4 Alpagro Packaging
7.1.5 Biome Bioplastics Limited
7.1.6 FKuR Ploymers GmbH
7.1.7 Raepak Ltd.
7.1.8 COMPOSTPACK SAS
7.1.9 Eastman Chemical Company
7.1.10 Element Packaging Ltd
7.1.11 Treemera GmbH
7.1.12 Plasto Manufacturing Company
7.1.13 Arkema SA
7.1.14 Tipa-corp Ltd.
7.1.15 Minima Technology
7.1.16 Mondi PLC
7.1.17 Amcor Limited
7.1.18 Plastic Suppliers Inc.
7.1.19 Biogreen Packaging Pvt. Ltd.
7.1.20 Tetra Pak International SA
8. INVESTMENT ANALYSIS
9. FUTURE TRENDS & OUTLOOK
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Frequently Asked Questions
What is the study period of this market?
The Global Bioplastics Packaging Market market is studied from 2019 - 2026.
What is the growth rate of Global Bioplastics Packaging Market?
The Global Bioplastics Packaging Market is growing at a CAGR of 15.2% over the next 5 years.
Which region has highest growth rate in Global Bioplastics Packaging Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Bioplastics Packaging Market?
Europe holds highest share in 2020.
Who are the key players in Global Bioplastics Packaging Market?
BASF SE (Badische Anilin- und Soda-Fabrik), TAGHLEEF INDUSTRIES GROUP, Mitsubishi Chemical Corporation, Alpagro Packaging, Amcor Limited are the major companies operating in Global Bioplastics Packaging Market.