Global Biopolymer Packaging Market - By Type (Polyactide, BIO PE, BIO PET), Products (Plastic Containers, Pouches, Biobased films, Biobased Containers), Industry, Geography, Trends, Forecast - (2017 - 2022)
The Global Biopolymer Packaging market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of 24.67% during the forecast period of 2017 – 2022.
Biopolymers are polymers that are biodegradable. There are majorly four types of biopolymer starch, sugar, cellulose, and synthetic materials. Recently, developments in biodegradable polymers and renewable input materials have become key focus to scale-up the production and enhance product properties. Biopolymers larger scale production will reduce prices and increase availability over the forecast period. Biopolymers have advanced properties that make them appropriate for use in protecting products from moisture, making products easier to distribute and increasing shelf-life.
The use of cellophane (cellulose) for making packaging material has been present since long time because of its properties like transparency, high-quality folding properties, and biodegradability and can be composted by existing waste processing plant. There are various types of Biopolymers such as polymers that are directly extracted from processed and biomass, polymers that are made by bacteria such as PHB, and PHA and polymers that are made from bio-based precursors such as PLA. Biopolymer packaging market is basically driven by environmental concerns and higher energy costs. Certainly, biopolymers will rapidly grow in demand as consumers become aware of importance of reduced carbon footprint and its significance for industry and the environment.
Environmental concerns and the increasing costs for fossil fuel products will result in shift towards biopolymer packaging products. Moreover, packagers, brand owners and retailers are adopting solutions which are sustainable and can be used to The global biopolymer packaging market has been segmented on the basis of material type, product, end user, and geography. On the basis of material type market has been categorized into Polylactide (PLA), BIO-PE, BIO-PET and others. Further biopolymer packaging market has been sub-segmented according to products such as Biobased films, Biobased Containers, Pouches, plastic container and many others.
Replacing the oil-based packaging materials with biobased films and containers result in competitive advantage in biopolymer packaging market due to more eco-friendly and sustainable image, but also some advanced technical properties. Numerous products are available in the biopolymer packaging market such as biobased Films, biobased containers, and others. Biopolymer packaging market is highly competitive with some of the key participants being Albis Plastics, Acetati, Biome Bioplastics, Bayer MaterialScience, Biopearls, BIOTEC, Cardia Bioplastics (Biograde), Innovia Films, IFS chemicals, and others.
Published By: Mordor Intelligence
Published Date: Q1 2017