Growing Environmental Concerns To Augment Bioplastic Packaging Market Growth

Bioplastic Packaging Market
Bioplastic Packaging Market

Bioplastic Packaging Market is estimated to be valued at US$ 10.60 Bn in 2021 and is expected to exhibit a CAGR of 29.34 % over the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights

Market Overview:

Bioplastic packaging is a plastic packaging material derived from bio-based monomers and polyethylene (PE) derived from vegetable fats and oils, corn starch, wood chip, straw, and food waste. Bioplastic packaging is widely used in flexible packaging, rigid packaging, and food and beverage packaging.

Competitive Landscape:

Novamont S.p.A; Amcor plc; NatureWorks, LLC; Sealed Air; Coveris; Alpha Packaging; Mondi plc.; Constantia Flexibles Group GmbH; Transcontinental Inc.; and ALPLA

Key Market Drivers:

Growing awareness about environment and climate change among consumers, increasing government initiatives towards the use of biodegradable materials, and high demand for sustainable products among consumers is driving market growth.

The global Edible Packaging Market is anticipated to increase as a result of a growing demand to reduce packaging waste. Almost one-third of the rubbish in the world is packaging.

The rising demand for food packaging is also expected to drive the market growth over the forecast period. This is primarily due to the increasing number of restaurants and fast food joints in the world that use bioplastic sacks for their packaging requirements.

Covid-19 Impact Analysis

During Covid-19 pandemic the global bioplastic packaging industry has faced huge shutdown. Lockdown has negatively impacted industrial transform processes. Major disruption in supply chain and trading patterns in the global market has severely impacted the market growth.

Key Takeaways:

1. The Bioplastic Packaging Market is expected to exhibit a CAGR at higher rate over the forecast period owing the increasing consumption of plastic bottles and disposable cups and increasing number of restaurants and fast food joint.


2. North America region is anticipated to lead the market over the forecast period owing to the presence of developed economies and favorable government policies.

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