Global Bioplastic Packaging Material Market Outlook 2022

Bioplastics are plastics made from renewable biomass sources or food crops such as vegetable fat, corn starch, vegetable oil, pea starch, and microbiota. The different types of bioplastics available include polymers that are directly extracted from biomass and processed, polymers that are made from bio-based precursors such as PLA, and polymers that are made by bacteria such as PHA and PHB. Bioplastics are different from conventional plastics, and they can be used to produce various products such as utensils, bags, furniture, carpets, films, bottles, cups, and packaging materials.
The demand for affordable and sustainable packaging solution for a diverse range of products determines the need for bioplastic packaging sales market. Mainly, the food and beverage industry encompasses the use of bioplastic packaging material for food packaging and other uses. Packaging solutions have paved a significant way among every food and beverage company. Bioplastics thus have expected to achieve a prominent position in the global F&B sector mainly due to the advantage it offers. The sources include biomass, biopolymers and bioplastics as the most innovative packaging materials for food materials which also augments the demand according to consumer preference. Increasing number of green initiatives being undertaken various regulatory bodies around the world has resulted in an increased awareness among consumers which is expected to be one of the primary drivers for the growth of the market. Moreover, growth of the global packaging market is likely to propel the growth over the projected period. Europe market is anticipated to grow at a higher CAGR in the forthcoming years owing to rising use of bioplastic packaging materials in the region. APAC market is also expected to witness a higher CAGR growth in the forthcoming period owing to growing emphasis on bioplastics packaging materials for food & beverage products.

Market Analysis and Insights: Global Bioplastic Packaging Material Market
The global Bioplastic Packaging Material market was valued at US$ million in 2020 and it is expected to reach US$ million by the end of 2027, growing at a CAGR of % during 2021-2027.

Global Bioplastic Packaging Material Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Bioplastic Packaging Material Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Bio-Degradable Material
Non-Biodegradable Material

Segment by Application
Plastic Bottles
Food Packaging
Others

By Company
Arkema
Dupont
NatureWorks
Heritage Pioneer Corporate Group
Novamont
Reverdia
Solvay
Corbion
Genomatica
Lanzatech

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E