Bioplastic Packaging Trends and Forecast
The future of the global bioplastic packaging market looks promising with opportunities in the biodegradable and non biodegradable markets. The global bioplastic packaging market is expected to reach an estimated $25.2 billion by 2030 with a CAGR of 11.7% from 2024 to 2030. The major drivers for this market are rising uptake of renewable and bio-based goods and rising inclination towards eco-friendly and sustainable packaging solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Bioplastic Packaging by Segment
The study includes a forecast for the global bioplastic packaging by type, material, application, and region.
Bioplastic Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Flexible
• Rigid
Bioplastic Packaging Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Biodegradable
• Non Biodegradable
Bioplastic Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Food & Beverages
• Consumer Goods
• Cosmetic & Personal Care
• Pharmaceuticals
• Others
Bioplastic Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Bioplastic Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bioplastic packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bioplastic packaging companies profiled in this report include-
• Amcor
• Novamont
• NatureWorks
• Coveris
• Sealed Air
• Alpha Packaging
• Constantia Flexibles
Bioplastic Packaging Market Insights
Lucintel forecasts that flexible will remain the largest segment over the forecast period due to increasing demand for snack foods and beverages and growing popularity of quick-service restaurants.
Within this market, biodegradable will remain the larger segment due to high demand for bio-based plastics.
Europe will remain the largest region over the forecast period due to growing emphasis for the 2050 net-zero emissions goal and stringent environment-friendly laws.
Features of the Global Bioplastic Packaging Market
Market Size Estimates: Bioplastic packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Bioplastic packaging market size by various segments, such as by type, material, application, and region in terms of value ($B).
Regional Analysis: Bioplastic packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, materials, applications, and regions for the bioplastic packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bioplastic packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the bioplastic packaging market size?
Answer: The global bioplastic packaging market is expected to reach an estimated $25.2 billion by 2030.
Q2. What is the growth forecast for bioplastic packaging market?
Answer: The global bioplastic packaging market is expected to grow with a CAGR of 11.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the bioplastic packaging market?
Answer: The major drivers for this market are rising uptake of renewable and bio-based goods and rising inclination towards eco-friendly and sustainable packaging solutions.
Q4. What are the major segments for bioplastic packaging market?
Answer: The future of the bioplastic packaging market looks promising with opportunities in the biodegradable and non biodegradable markets.
Q5. Who are the key bioplastic packaging market companies?
Answer: Some of the key bioplastic packaging companies are as follows:
• Amcor
• Novamont
• NatureWorks
• Coveris
• Sealed Air
• Alpha Packaging
• Constantia Flexibles
Q6. Which bioplastic packaging market segment will be the largest in future?
Answer: Lucintel forecasts that flexible will remain the largest segment over the forecast period due to increasing demand for snack foods and beverages and growing popularity of quick-service restaurants.
Q7. In bioplastic packaging market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to growing emphasis for the 2050 net-zero emissions goal and stringent environment-friendly laws.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the bioplastic packaging market by type (flexible and rigid), material (biodegradable and non biodegradable), application (food & beverages, consumer goods, cosmetic & personal care, pharmaceuticals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Bioplastic Packaging Market, Bioplastic Packaging Market Size, Bioplastic Packaging Market Growth, Bioplastic Packaging Market Analysis, Bioplastic Packaging Market Report, Bioplastic Packaging Market Share, Bioplastic Packaging Market Trends, Bioplastic Packaging Market Forecast, Bioplastic Packaging Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.