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The biopolymer packaging market size is forecast to increase by USD 6.2 billion, at a CAGR of 12.8% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by the ongoing quest for sustainable and eco-friendly alternatives to traditional packaging materials. Blow molding and injection molding processes are utilized to create containers from biopolymer resins, offering advantages such as impact resistance and improved tensile and flexural strength. Protein-based polymers and bio-based polyethylene are gaining traction as viable options, providing excellent barrier properties against oxygen, moisture, and aroma. Packaging printing and films are also advancing, with innovations in UV resistance and recycling technologies enhancing the sustainability of biopolymer-based solutions. The use of biopolymers extends to various sectors, including industrial packaging, beverage packaging, cosmetic packaging, and agricultural packaging.
Waste management and carbon footprint reduction are key considerations in the market. Anaerobic digestion and composting facilities play a crucial role in the circular economy, ensuring the effective recovery and reuse of biopolymers. As consumer perception shifts towards more sustainable packaging, brands are increasingly focusing on biopolymers to improve their image and meet evolving market demands. Renewable resources and sustainable packaging solutions continue to unfold, with starch-based polymers, bio-based polypropylene, and cellulose-based polymers emerging as promising alternatives. Heat resistance, water absorption, and material recovery are essential factors influencing the development of these innovative biopolymer packaging solutions.
Extrusion molding and sheet extrusion processes are employed to create a wide range of packaging formats, catering to diverse industry needs. The market is characterized by continuous dynamism, with ongoing research and development efforts aimed at enhancing the performance and sustainability of biopolymers. The integration of biopolymers into various packaging applications is a key trend, as industries strive to reduce their carbon footprint and meet evolving consumer demands.
The biopolymer packaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The biodegradable segment is estimated to witness significant growth during the forecast period.
Biodegradable biopolymer packaging, including PLA, PBAT, and starch blends, is gaining significant attention in the industrial packaging sector due to increasing consumer perception towards sustainable and eco-friendly solutions. PLA, a biodegradable polyester derived from lactic acid, is one of the most widely adopted biopolymers. It is sourced from renewable resources such as corn, sugarcane, or beet roots, and its production process emits less carbon footprint compared to traditional fossil fuel-based polymers. PLA's unique properties, such as water resistance, heat resistance, and moisture barrier, make it an ideal choice for various applications, including packaging, textiles, hygiene products, agriculture, and cutlery.
In the packaging sector, PLA is extensively used in rigid and flexible formats, such as bottles, jars, trays, and films, for beverages, food, cosmetics, and agricultural products. PLA's barrier properties, including oxygen and aroma barrier, ensure the preservation of food and beverage quality. Its impact resistance and tensile strength make it suitable for various packaging applications, while its recycling compatibility adds to its sustainability quotient. Waste management facilities, such as composting and anaerobic digestion, can effectively decompose PLA, making it a circular economy solution. Bio-based polyethylene and bio-based polypropylene are other biopolymers that are increasingly being used in packaging applications due to their similar properties and sustainability advantages.
The use of biopolymers in packaging design is expected to reduce the carbon footprint, minimize waste, and improve brand image. The integration of biopolymers into the packaging value chain requires effective supply chain management and recycling technologies to ensure the circularity of these materials.
The Biodegradable segment was valued at USD 5.4 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 68% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in APAC is projected to expand significantly due to the thriving packaging industry and increasing agricultural activities in the region. Biopolymers, derived from renewable resources, are gaining popularity for their sustainable and eco-friendly properties. In industrial packaging applications, biopolymers offer superior tensile and flexural strength, making them suitable for various industries. Protein-based polymers and bio-based polyethylene are commonly used in this sector. Packaging design plays a crucial role in consumer perception, and biopolymers' biodegradable nature aligns with the growing trend towards sustainable packaging. Waste management practices, such as anaerobic digestion and composting, further support the adoption of biopolymers.
However, the carbon footprint of biopolymers, although lower than conventional plastics, is still a concern. Barrier properties, including oxygen and moisture resistance, are essential for various packaging applications, such as food and beverage packaging. Biopolymers like starch-based polymers and bio-based polypropylene offer excellent barrier properties, making them suitable for these applications. The cosmetics industry also utilizes biopolymers due to their heat resistance and impact resistance. The rise of e-commerce in APAC is driving the demand for biopolymers in packaging. Companies like Taobao, Flipkart Internet Pvt. Ltd., Alibaba.Com, Snapdeal, Didi Chuxing, Rakuten Inc., and Coupang Corp. are leading e-commerce players that use biopolymers for their packaging due to their high impact resistance and brand image benefits.
The circular economy and recycling technologies are also essential factors influencing the market's growth. In the manufacturing process, various techniques like blow molding, injection molding, extrusion molding, film extrusion, and sheet extrusion are used to produce biopolymer packaging. Supply chain management plays a significant role in ensuring the availability and cost-effectiveness of these materials. Overall, the market in APAC is evolving, driven by the need for sustainable and eco-friendly solutions, increasing demand from various industries, and the growing e-commerce sector.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The biopolymer packaging market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the biopolymer packaging market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, biopolymer packaging market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Alpagro Packaging NV - Bioplastic products, derived from renewable corn starch, represent a sustainable alternative in the materials industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Biopolymer Packaging Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
131 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.8% |
Market growth 2024-2028 |
USD 6199 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
10.4 |
Key countries |
China, US, India, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this biopolymer packaging market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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