Biopolymer Packaging Market Size, Growth & Industry Share -2027

The biopolymer packaging market was valued at US$ 7,872.54 million in 2018 and is projected to reach US$ 37,465.07 million by 2027; it is expected to grow at a CAGR of 19.1% from 2019 to 2027.

Biopolymer is defined as biodegradable form of polymers which are composed of starch, sugar, collagens, cellulose, and other such substances. They are increasingly being used in packaging applications on account of growing demand from food and beverage, personal care, and pharmaceutical industries along with stringent regulations pertaining to the use of synthetic polymers in packaging.

Europe is the major consumer for biopolymer packaging owing to the several legislations, proactive regulatory efforts, and the restriction for the use of conventional plastic packaging solutions. The favorable government regulations in France, Italy, and Spain have helped building a positive Biopolymer Packaging market in this region. Moreover, the region is projected to increase its production capacity in the coming years. The increase in consumer demand for sustainable products,  rapid investment in R&D activities, and political support for bio-economy are the major factors making Europe as a prominent region for biopolymer packaging landscape. European bio-plastic industry is achieving advances related to technical properties and functionality of bio-plastic encouraged by policy initiatives that supports innovation and research & development through funding and grants. Europe has recognized the significance of standardization and certification to drive the development of the biodegradability of packaging.

The COVID-19pandemic originated in Wuhan (China) in December 2019, and since then, it has spread across the globeat a fast pace. The US, Brazil,India, Russia, Italy, China, Spain, France, and Germany are among the worst-affected countries in terms of confirmed cases and reported deaths as of June 2020. The pandemic has affectedeconomies and industries due to enforced lockdowns, travel bans, and business shutdowns. Chemical and materials is one of the world’s major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak.The global economic break down due to COVID-19 is also affecting the growth of the biopolymer packaging market growth due to shutting down of factories and obstacles in supply chain.

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Biopolymer Packaging Market: Strategic Insights

Biopolymer Packaging Market

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  CAGR (2018 - 2027)

  19.1%
• Market Size 2018
  US$ 7.87 Billion
• Market Size 2027
  US$ 37.47 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Arkema Group
• BASF SE
• Biome Bioplastics Limited
• Cardia Bioplastics
• Innovia Films
• NatureWorks LLC
• Plantic Technologies Limited
• Spectra Packaging Ltd
• United Biopolymers S A

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Material Type

• Polylactides
• Bio-Polyethylene
• Bio-Polyethylene Terephthalate
• Starch
• Cellulose
• PBAT
• Polyhydroxyalkanoates
• Polybutylene succinate

End User

• Food and Beverages
• Cosmetic and Personal Care
• Pharmaceutical

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Market Insights

Surge in Need for Sustainable Packaging Solution

Plastic packaging is extensively used in a wide range of applications such as FMCG, food & beverages, pharmaceutical, and consumer goods. The increasing application of plastic in several end-user industries is responsible for rising environmental pollution. Thus, the recycling and reuse of plastic are becoming major factor for innovation and sustainability. Moreover, conventional plastic is estimated to become more expensive in the future with diminishing raw material sources. Since the last few years, bio-plastic has influenced the plastic industry through innovation for more resource efficiency, functionality, and sustainability. Biopolymer is playing a significant role in increased recycling targets and waste management by substituting petroleum resources with renewable resources. Biopolymer is manufactured using renewable plant-based resources which offer low toxicity, better recyclability, and high bio-degradability. Moreover, many of the industry players are switching toward bio-based materials from fossil-based resources in order to offer biodegradable solutions for packaging. With the growing population and the increase in demand, packaging manufacturers are finding innovative ways to meet the increased demand for renewable plastic with improved quality of the products. Thus, the rise in demand for sustainable packaging solutions is fueling the growth of global biopolymer packaging market.

Material Type-Based Insights

Based on material type, the biopolymer packaging market is segmented into Polylactides (PLA), Bio-Polyethylene (PE), Bio-Polyethylene Terephthalate (PET), starch, cellulose, PBAT, Polyhydroxyalkanoates (PHA), Polybutylene succinate (PBS), and others. In 2018, starchsegment dominated the biopolymer packaging market; however, the Polyhydroxyalkanoates (PHA) market is expected to grow at the highest CAGR during the forecast period.Starch blends are the most common biomass source used for the production of biopolymers. It is a natural polymer, which is produced from corn, wheat, rice, barley, sorghum, potatoes, and other such items. Starch based plastics are thermoplastics which are formed by blending with additives and plasticizers like glycerin and sorbitol. Since starch blends are capable of creating unique composite materials by incorporating with many petroleum-based polymers or biopolymers, they find usage in several applications. The significance of starch blends has increased with the introduction of enhanced resin grades along with low toxicity, biocompatibility, as well as mechanical and degradation properties. The starch based biopolymers such as films and plastics are extensively used in packaging industry in production of cups, cutlery, egg cartons, straws, disposable bags, bowls, bottles, trash liners, and compostable films for agriculture.

End User-BasedInsights

Based on end user, the biopolymer packaging market is segmented into food and beverages, cosmetic and personal care, pharmaceutical, and others.The food and beveragessegment accounted for a substantial share of the global biopolymer packaging market; whereas, the cosmetic and personal caresegment is expected to register the fastest CAGR during the forecast period. The demand for biopolymer packaging such as starch blends, PLA and others in food and beverage applications is expected to rise. With the growing focus over sustainability, several food and beverages manufacturers have adopted biopolymer based packaging solutionsin lieu to curb greenhouse gas emissions. For instance, in October 2016, PepsiCo partnered with Danimer Scientific for the production of Danimer Scientifics' biodegradable film resins in order to keep in line with the objective of sustainability.

Several strategies are commonly adopted by companies to expand their footprint worldwide. Arkema Group, BASF SE., Biome Bioplastics, Spectra Packaging are among the key players in the global biopolymer packaging market implementing these strategies to enlarge the customer base and gain significant share, which in turn allows themto maintain their brand nameglobally.

Biopolymer Packaging Market Report Scope

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GlobalBiopolymer Packaging Market – by Material Type

• Polylactides (PLA)
• Bio-Polyethylene (PE)
• Bio-Polyethylene Terephthalate(PET)
• Starch
• Cellulose
• PBAT
• Polyhydroxyalkanoates (PHA)
• Poly(butylene succinate) (PBS)
• Others

Global Biopolymer Packaging Market – by End User

• Food and Beverages
• Cosmetic and Personal Care
• Pharmaceutical
• Others

Company Profiles

• Arkema Group
• BASF SE
• Biome Bioplastics Limited
• Cardia Bioplastics
• Innovia Films
• NatureWorks LLC
• Plantic Technologies Limited
• Spectra packaging ltd
• United Biopolymers S.A.
• The Dow Chemical Company