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The biopolymer packaging market share is expected to increase by USD 5.39 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.45%.
This biopolymer packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers biopolymer packaging market segmentation by material (biodegradable and non-biodegradable) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The biopolymer packaging market report also offers information on several market vendors, including Alpagro Packaging NV, Amcor Plc, BASF SE, BIOGREEN PACKAGING Pvt. Ltd., Biome Bioplastics Ltd., COMPOSTPACK SAS, Earthpac Ltd., Eastman Chemical Co., Element Packaging Ltd., FKuR Kunststoff GmbH, Green Gate Bio Packaging, Minima Technology Co. Ltd., Mondi Group, Plastic Suppliers Inc., Plasto Manufacturing Co., Berlin Packaging UK Ltd, Tetra Laval International SA, Tipa Corp. Ltd., Treemera GmbH, and Northern Technologies International Corp. among others.
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The growing government regulations for bio-based packaging is notably driving the biopolymer packaging market growth, although factors such as cost-effectiveness of conventional plastics over biopolymers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the biopolymer packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Biopolymer Packaging Market Driver
One of the key factors driving growth in the biopolymer packaging market is the growing government regulations for bio-based packaging. The rise in energy prices and the growing awareness about the hazardous effects of conventional energy sources have led governments around the globe to invest in other alternatives, such as biopolymers, to meet the growing demand for energy. Initiatives taken by governments across the world to attain sustainability are also fueling the demand for biopolymers. The increased demand for sustainable products has encouraged chemical manufacturers to use bio-based raw materials for producing alcohols, polymers, and other products. The imposition of stringent regulations by the European Commission and federal government agencies is aiding manufacturers toward achieving a green environment with minimum or zero harmful emissions. Biopolymers manufacturers play a crucial role in these winning imperatives as they have started adhering to these regulations to achieve sustainable growth in the future. These regulations discourage the use of non-sustainable products. Thus, the global biopolymer packaging market is expected to grow during the forecast period.
Key Biopolymer Packaging Market Trend
The increasing preference for eco-friendly packaging is another factor supporting the biopolymer packaging market share growth. The increase in plastic waste across the world has led to the enforcement of stringent regulations on the use of plastics. Consumers increasingly prefer eco-friendly plastic products owing to the rising awareness of the health hazards of plastic use. With the growing necessity to reduce plastic waste across the world, governments in developed and developing countries such as India, Malaysia and others are taking numerous initiatives. Such initiatives will drive the demand for biopolymer-based plastics during the forecast period. The increasing acceptance of sustainable packaging and green products by consumers will drive the global bioplastics market, which, in turn, will drive the growth of the global biopolymer packaging market during the forecast period.
Key Biopolymer Packaging Market Challenge
The cost-effectiveness of conventional plastics over biopolymers will be a major challenge for the biopolymer packaging market during the forecast period. The price of biopolymers is in the range of $3,500-$5,200 per ton, which is higher than that of conventional plastics. Such a high price is mainly attributed to the high polymerization cost of biopolymers. As most of the processes are not produced on a large scale, the production of biopolymers has not achieved an economy of scale. The lack of efficient technologies and the unavailability of feedstock increase the production cost of biopolymers. The rising prices of renewable raw materials such as glucose, which is used for manufacturing biopolymers, are also hindering the market's growth. The high price of biopolymers is likely to hinder their adoption as consumers prefer cheaper conventional resins. High production costs, owing to the small-scale production by vendors and high R and D costs incurred by vendors, and the substantial price difference between biopolymers and conventional petroleum-based products will hinder the demand for biopolymers, which, in turn, will hinder the growth of the global biopolymer packaging market.
This biopolymer packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global biopolymer packaging market as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the biopolymer packaging market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the biopolymer packaging market encompasses successful business strategies deployed by the key vendors. The biopolymer packaging market is fragmented and the vendors are deploying growth strategies such as focusing on technological innovations, and partnerships among vendors and technology providers to compete in the market.
BASF SE - The company offers biopolymer packaging products under the brand name of Ecovio.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The biopolymer packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the biopolymer packaging market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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63% of the market's growth will originate from APAC during the forecast period. China, Japan, South Korea, and India are the key markets for biopolymer packaging in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growing packaging industry and increasing agricultural activities across the region will facilitate the biopolymer packaging market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 hampered the growth of the regional biopolymer packaging market. The rise in the number of COVID-19 cases led to the implementation of partial or complete lockdowns in various states of the country, which adversely impacted end-user industries such as automotive, agriculture, packaging, and chemical. However, with the initiation of COVID-19 vaccination drives, the number of COVID-19 cases has declined. The operations at biopolymers manufacturing sites are expected to rebound in the coming years.
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The biopolymer packaging market share growth by the biodegradable segment will be significant during the forecast period. Biodegradable biopolymer packaging includes polylactic acid (PLA), polybutylene adipate terephthalate (PBAT), and starch blends. PLA is one of the most widely adopted biodegradable polyesters. PLA is also used as an insulator and is often used as an alternative to polystyrene. Some of the benefits of PLA as a biopolymer are its versatility and ability to naturally degrade when exposed to the environment. For instance, a PLA bottle left in the ocean would typically degrade in six to 24 months, whereas conventional plastics left in the same environment can take several hundred to thousand years to degrade. Therefore, the demand for PLA is expected to increase, which will boost the growth of the global biopolymer packaging market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the biopolymer packaging market size and actionable market insights on post COVID-19 impact on each segment.
Biopolymer Coatings market - The market share is expected to increase by USD 3.97 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.89%.
Biopolymers and Bioplastic market - The market share is expected to increase by 5997.71 thousand tons from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 14.07%.
Biopolymer Packaging Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.45% |
Market growth 2022-2026 |
$ 5.39 billion |
Market structure |
Fragmented |
YoY growth (%) |
11.0 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 63% |
Key consumer countries |
US, China, India, Japan, South Korea, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alpagro Packaging NV, Amcor Plc, BASF SE, BIOGREEN PACKAGING Pvt. Ltd., Biome Bioplastics Ltd., COMPOSTPACK SAS, Earthpac Ltd., Eastman Chemical Co., Element Packaging Ltd., FKuR Kunststoff GmbH, Green Gate Bio Packaging, Minima Technology Co. Ltd., Mondi Group, Plastic Suppliers Inc., Plasto Manufacturing Co., Berlin Packaging UK Ltd, Tetra Laval International SA, Tipa Corp. Ltd., Treemera GmbH, and Northern Technologies International Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Material
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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