Biopolymer Packaging Market Size, Growth & Industry Share -2027

Biopolymer Packaging Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Material Type (Polylactides (PLA), Bio-Polyethylene (PE), Bio-Polyethylene Terephthalate(PET), Starch, Cellulose, PBAT, Polyhydroxyalkanoates (PHA), Polybutylene succinate (PBS), Others), End User (Food and Beverages, Cosmetic and Personal Care, Pharmaceutical, Others), and Geography

Publication Month : Jul 2020

  • Report Code : TIPRE00008070
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 204
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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.

Global Biopolymer Packaging Market

Global Biopolymer Packaging Market
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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.

Global Biopolymer Packaging Market, by Material Type– 2018 and 2027

Global Biopolymer Packaging Market, by Material Type– 2018 and 2027
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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.

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Biopolymer Packaging Market: Strategic Insights

biopolymer-packaging-market
Market Size Value inUS$ 7,872.54 Million in 2018
Market Size Value byUS$ 37,465.07 Million by 2027
Growth rateCAGR of 19.1% from 2019-2027
Forecast Period2019-2027
Base Year2019
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Shejal

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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.

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
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Material Type , End User , and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Can you list some of the major players operating in the global biopolymer packaging market?

The major players operating in the global biopolymer packaging market are 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, and BEWiSynbra Group ; among many others.

Which region held the largest share of the global biopolymer packaging market?

In 2018, the biopolymer packaging market was predominant in Europe at the global level. The market’s growth is strongly supported by rise in income levels for European population along with continuous research and development, to expand the application base of biopolymer packaging have led to the increased widespread adoption. The popularity of the biopolymer packaging has increased within the region, particularly in Germany, France, UK, and other regions.

Based on end-user, why is the cosmetic and personal care segment expected to grow at the highest rate during 2019–2027?

With the stringent government regulations for waste management worldwide, the environmental awareness is growing among consumers thus, cosmetic & personal care industry is taking initiatives towards biopolymer packaging. Selecting an appropriate biopolymer packaging is critical for the cosmetic industry as several factors are taken into consideration such as temperature, chemical reactions etc. Further, the development of new technologies have made biopolymers more accessible to packaging manufacturers and suppliers of plastic packaging.

The List of Companies - Biopolymer Packaging Market

  1. Arkema Group
  2. BASF SE
  3. Biome Bioplastics Limited
  4. Cardia Bioplastics
  5. Innovia Films
  6. NatureWorks LLC
  7. Plantic Technologies Limited
  8. Spectra Packaging Ltd.
  9. United Biopolymers, S.A.
  10. The Dow Chemical Company
  11. BEWiSynbra Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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