What are the major factors driving the growth of the Biopolymers Packaging market?

Biopolymers Packaging Market size is set to register over 12.2% CAGR during the forecast period i.e., between 2024-2036. Read More

What would be the CAGR of Biopolymers Packaging Market over the forecast period?

Biopolymers Packaging Market size is set to register over 12.2% CAGR during the forecast period i.e., between 2024-2036.. Read More

The major players in the market are BASF SE, NatureWorks LLC and Arkema SA. Read More

Global Biopolymers Packaging Market

Part 1 Introduction

Definition

Assumptions & Abbreviations

Part 2 Global Market Outlook

Part 3 Market Dynamics

Driver

Restraint

Part 4 Regulatory Landscape

Part 5 Company Profile

Market Drivers and Challenges

Growth Indicators

Increasing Consumption of Reusable and Recyclable Plastics for Packaging
The largest end-user for the plastics industry is the packaging sector. In Europe alone, 40% of the plastics consumed by packaging material manufacturers. However, this significant consumption of conventional plastics packaging showcases a significant impact on the global environmental condition with lot of plastic waste. In order to overcome this environmental disadvantage of conventional plastics, several governments coupled with the research and development (R&D) organizations produced biopolymers packaging, which can be bio-degradable or reusable or recyclable. Biopolymers use resources as efficiently as current conventional polymers, and have advantages including recyclable, reusable, bio-degradable, and releases less greenhouse gas emissions at the time of processing. According to European Bioplastics fact sheet 2019, global biopolymers packaging accounted for the 53% volume consumption in the total production of biopolymers. The major demand for this packaging comes from organic food wrapping and packaging of premium and branded products. Governments are anticipated to further contribute growing demand by promoting biopolymers packaging in the context of their policies for innovation, resource-efficiency, and climate change. The transition from a fossil-based economy to a bio-based economy is a major factor for the current and prospective future growth of the global market.

Challenges

High Cost of Biopolymers Over Conventional Packaging Raw Materials
Biopolymers are the major raw materials to produce biopolymers packaging pouches, containers, films, and many other. These biopolymers have a huge pricing limitation over conventional fossil based raw materials including oil, natural gas, and coal, which in turn decreases the profitability of manufacturers. Such a factor is anticipated to hinder the growth of the global biopolymers packaging market during the forecast period.

Base Year	2023
Forecast Year	2024-2036
CAGR	12.2%
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)