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The Bioplastic Packaging Revolution and Its Transformative Impact on Global Packaging Practices

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Steve Anderson
The Bioplastic Packaging Revolution and Its Transformative Impact on Global Packaging Practices

The global bioplastic packaging market size is expected to reach USD 50.57 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 16.9% from 2022 to 2030. The growth of the global plastics packaging industry is likely to be driven by the increasing consumption of plastics in packaging food, beverages, cosmetics, personal care, and consumer goods.

 

Bioplastic Packaging Market Report Highlights

  • The biodegradable material segment is expected to expand at the highest CAGR of 17.3% from 2022 to 2030, aided by the increasing demand for sustainable packaging, strict regulation of commercial plastics, and growing consumer preference for eco-friendly plastic
  • The flexible packaging segment is projected to advance at the fastest CAGR of 18.1% during the forecast period, owing to its applicability and functionality of offering excellent protection against environmental factors (air and water) to the packaged goods, wide availability, lightweight, and less complex manufacturing process than rigid packaging
  • Food and beverages emerged as the leading application segment and is further expected to expand at a CAGR of 17.1% from 2022 to 2030
  • The global bioplastics packaging market is highly competitive and fragmented in nature, with the presence of various key players such as BASF SE, NatureWorks LLC, SABIC, Braskem, M&G Chemicals, Teijin Limited, and Toray Industries, as well as a few medium- and small-scale regional players across the globe

 

For More Details or Sample Copy please visit link @: Bioplastic Packaging Market Report

 

Bioplastics are plastics that are made from renewable sources such as corn, sugarcane, potato, wheat, rice, vegetable oil, or cellulose. There are two types of bioplastics, namely biodegradable plastics and non-biodegradable plastics. Biodegradable plastics include polylactic acid, starch blends, PBAT, and PBS, while non-biodegradable plastics include polyethylene, polyethylene terephthalate, polyamide, and polytrimethylene terephthalate.

Bioplastic packaging is considered to be an environment-friendly solution and helps enhance the final product’s appearance. Growing usage of bioplastics in flexible packaging is expected to fuel market growth. The growing demand for food, due to the rising global population, is a key factor driving the demand for flexible packaging. Moreover, the packaged food industry in the U.S. and Europe has grown tremendously in recent years. Furthermore, increasing concerns regarding toxins in petrochemicals, along with depleting crude oil reserves, are driving the development of bio-based polymers.

Regulations by most governments restricting the consumption of petroleum-based plastics in certain applications such as food packaging and medical devices are expected to further incentivize bioplastic production in the plastics industry. However, the high cost as compared to conventional plastics is a major factor restraining the market growth. Currently, low prices of conventional plastics are making it difficult for bioplastics to achieve competitive pricing. 

By Application Analysis

Bioplastic packaging is widely utilized for manufacturing bottles, jars, and containers, as well as for fresh food packaging. The growing demand for packaged foods is anticipated to prompt manufacturers to increase production capacity, thereby augmenting the market for flexible packaging. The factors that drive the demand are the rising demand for packaged food and the popularity of quick-service restaurants. Polylactic acid can be easily composted compared to petroleum-based products and does not emit toxic gases on incineration. Thus, its demand in the food packaging segment is expected to remain significantly high.

By Material Analysis

Biodegradable plastics include polylactic acid, starch blends, PBAT, PBS, PHA, polycaprolactone, and cellulose acetate. Among them, starch blends and PBAT were the largest biodegradable product segment. The Starch-based plastics segment growth is anticipated to be driven by the growing product demand in various applications, including packaging, transportation, agriculture, electronics, and textiles. The abundant availability of resources makes starch blends an ideal alternative to conventional plastics.

 

Gain deeper insights on the market and receive your free copy with TOC now @: https://www.grandviewresearch.com/industry-analysis/bioplastic-packaging-market/request/rs15

 

By Product Type Analysis

The demand for flexible packaging is high, especially for snack foods and beverages. Developments in the production of bioplastic technologies, the use of case-ready packaging, and improved packaging practices are anticipated to drive the demand for bioplastics in flexible packaging. The surge in demand can be attributed to technological improvements, lifestyle changes of consumers, modern retail trades, and the increasing popularity of quick-service restaurants.

Market Latest Trends and Developments

Companies operating in the bioplastic packaging space offer a wide range of packaging solutions for various end-use industries. Moreover, they offer customized packaging products to suit customer-specific requirements. Key players are increasingly investing in the development of bio-based packaging. For instance, in October 2020, SABIC introduced a pilot project along with Schwarz Group, a European retail store operator, for the use of transparent film bags made from the former’s certified circular polyethylene (PE) in vegetable packaging.

 

List of major companies in the Bioplastic Packaging Market

  • Amcor Plc.
  • Novamont S.p.A
  • NatureWorks, LLC.
  • Coveris
  • Sealed Air
  • Alpha Packaging
  • Constantia Flexibles 
  • Mondi
  • Transcontinental Inc.
  • ALPLA

 

For Customized reports or Special Pricing please visit @: https://www.grandviewresearch.com/checkout/select-license/bioplastic-packaging-market

 

Segmented the global bioplastic packaging market based on material, type, application, and region.

Table of Contents

Chapter 1 Methodology and Scope

          1.1 Research Methodology

          1.2 Assumptions

          1.3 Information Procurement

            1.3.1 Purchased Database

            1.3.2 GVR’s Internal Database

            1.3.3 Secondary Sources

            1.3.4 Third-Party Perspective

            1.3.5 Primary Research

          1.4 Information Analysis & Data Analysis Models

          1.5 Market Productulation and Data Visualization

          1.6 List of Data Sources

Chapter 2 Executive Summary

          2.1 Market Insights

          2.2 Market Outlook

Chapter 3 Plastic Packaging Market Variables, Trends, And Scope

          3.1 Market Lineage Outlook

            3.1.1 Parent Market Outlook: Packaging Market

            3.1.2 Related Market Outlook: Paper & Paperboard Packaging Market

          3.2 Industry Value Chain Analysis

            3.2.1 Raw Material Trends

            3.2.2 Major Raw Materials Analysis

            3.2.6 Sales Channel Analysis

          3.3 Technology Timeline

          3.4 Regulatory Framework

            3.4.1 Consumer Packaging And Labelling Act

          3.5 Market Dynamics

            3.5.1 Market Driver Analysis

          3.6 Market Restraint

          3.7 Business Environment Analysis: Plastic Packaging Market

            3.7.1 Industry Analysis: Porter’s Five Forces

            3.7.2 PESTEL Analysis

            3.7.3 Major Deals & Strategic Alliances Analysis

          3.8 Market Strategies

            3.8.1 Impact Of COVID-19

Chapter 4 Bioplastics Packaging Market: Material Estimates & Trend Analysis

          4.1 Material movement analysis & market share, 2021 - 2030

          4.2 Biodegradable

            4.2.1 Global Bioplastics Packaging market, in biodegradable estimates and forecasts, 2017 - 2030 (USD Million)

          4.3 Non-biodegradable

            4.3.1 Global Bioplastics Packaging market, in non-biodegradable estimates and forecasts, 2017 - 2030 (USD Million)

Chapter 5 Bioplastics Packaging Market: Type Estimates & Trend Analysis

          5.1 Type movement analysis & market share, 2021 - 2030

          5.2 Flexible

            5.2.1 Global Bioplastics Packaging market, in flexible estimates and forecasts, 2017 - 2030 (USD Million)

          5.3 Rigid

            5.3.1 Global Bioplastics Packaging market, in rigid estimates and forecasts, 2017 - 2030 (USD Million)

Chapter 6 Bioplastics Packaging Market: Application Estimates & Trend Analysis

          6.1 Application movement analysis & market share, 2021 - 2030

          6.2 Food & Beverages

            6.2.1 Global Bioplastics Packaging market, in food and beverages estimates and forecasts, 2017 - 2030 (USD Million)

          6.3 Consumer Goods

            6.3.1 Global Bioplastics Packaging market, in consumer goods estimates and forecasts, 2017 - 2030 (USD Million)

          6.4 Cosmetic & Personal Care

            6.4.1 Global Bioplastics Packaging market, in cosmetic and personal care estimates and forecasts, 2017 - 2030 (USD Million)

          6.6 Pharmaceuticals

            6.6.1 Global Bioplastics Packaging market, in pharmaceuticals estimates and forecasts, 2017 - 2030 (USD Million)

          6.6 Others

            6.6.1 Global Bioplastics Packaging market, in others estimates and forecasts, 2017 - 2030 (USD Million)

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Manufacturing byproducts enter the soil and ocean, rendering water and soil unfit for drinking and farming, respectively.It is vital to cease using dangerous materials and to go green in order to help nature develop neatly and cleanly, with pure air to breathe.

How can candy packaging be made more environmentally friendly?Without good packaging, it is difficult, if not impossible, to market a product.

It is impossible to keep a product safe and sound without packaging, especially food goods.Food goods require suitable packing for the following reasons: Maintain the commodities' freshness.Avoid bacterial contamination at all costs.Make it appealing.Extend the shelf lifeIt is difficult, but not impossible, to update your entire packaging to be more environmentally friendly all at once.

Keeping in mind the necessity for bio-degradable and recyclable packaging, it is vital to progressively change the packaging for candy boxes by making incremental adjustments over time.

The Guide to Eco-Friendly Packaging Materials
Spentopapers LLP 2022-11-07
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This guide to sustainable packaging materials will help you make sustainable choicesThe Categories of Eco-Friendly PackagingExamining Sustainable Packaging MaterialsWhy are Coatings Important in Sustainable Packaging? It is important to evaluate the life cycles of packaging materials to ensure that brands fulfill their sustainability responsibilities. These are the Categories of Eco-Friendly PackagingBased on the specifications and capabilities of the materials, sustainable packaging falls into three main categories. We can expect more innovation in sustainable packaging materials and a greater shift towards sustainable business practices. This comprehensive guide to sustainable packaging will help businesses make informed decisions about greener packaging.
Exploring sustainable options for duplex board paper in packaging solutions
Edicon Paper Products 2024-02-09
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This has led to a surge in the adoption of sustainable packaging materials like duplex board paper. However, with the use of sustainable options like duplex board paper, we can reduce our carbon footprint and minimize environmental harm. With a commitment to environmental stewardship, Ediconpaper produces high-quality duplex board paper that meets the stringent requirements of sustainable packaging. In conclusion, exploring sustainable options for duplex board paper in packaging solutions is crucial for businesses aiming to reduce their environmental impact. Ediconpaper, as a prominent player in the market, provides high-quality and sustainable duplex board paper that aligns with these goals.
The Rising Demand for Customized Wine Packaging – A Market Research Analysis
lonnastephen 2023-05-30
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The wine industry is undergoing significant changes, as the market shifts towards personalized branding, and environmentally friendly packaging materials. Customized wine packaging has become more popular than ever before, as winemakers seek to differentiate their products and appeal to consumer preferences. This article examines the trends in the wine packaging industry, with a focus on eco-friendly and luxury wine packaging. Customized and personalized wine packaging is becoming more popular as well. One of the most notable luxury wine packaging trends is the use of sustainable packaging materials.
Biodegradable Packaging Is Fastest Growing Segment Fueling The Growth Of Bioplastic Packaging Market
ashwinicmi 2023-12-04
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The global Bioplastic Packaging Market is estimated to be valued at US$ 17. Many brands and retailers are opting for biodegradable packaging made from renewable plant-based materials to appeal to environmentally conscious customers. This is expected to drive significant growth of the biodegradable segment in the overall bioplastic packaging market over the forecast period. Segment Analysis The global bioplastic packaging market is segmented by type into rigid packaging and flexible packaging. The rigid packaging segment dominates the market and accounts for around two-third share of the total market.