Global Biodegradable Packaging Materials Market Size, Share - Industry Trends and Forecast 2016 - 2024
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Latest Research Report Biodegradable Packaging Materials Market -
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024 provides information on pricing, market analysis, shares,
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A plastic material can be
called as ‘bioplastic’ if it is either bio-based, biodegradable,
or possesses both the properties. The term ‘bio-based’ means that
the material or product is (partly) a resultant of biomass (plants).
Biomass used for bioplastics is produced from the stems of crops,
such as corn or sugarcane.
Biodegradation refers to a
chemical process under which microorganisms that are present in the
environment transform materials into natural substances, such as
water, carbon dioxide and compost.
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However, users are often not
clear with the term ‘biodegradation.’ A bioplastic called
‘polylactic acid’ is derived from the plant feedstock and is not
biodegradable. This proves that bioplastics are not always
biodegradable. However, PET bio-plastic is recyclable just like PET
made from natural gas and oil feedstock, as they are chemically the
same.
Bioplastic packaging refers to
use of bioplastics in packaging materials. The global bioplastics
packaging market is expected to witness a strong growth owing to the
increasing consumer awareness about nature friendly products and
changing inclination of consumers towards sustainable products. Other
growth drivers for the bioplastic packaging market include increased
focus on sustainable packaging by brand owners and retail companies,
global rise in implementation of plastic bag bans, etc.
However, the complications
associated with the production of bioplastic packaging materials
through agro-based raw materials, coupled with the increasing
production of crude oil and natural gas in the Middle East and Russia
(leading to reduced oil prices), is anticipated to pose a threat to
the overall growth of the bioplastic packaging market over the
forecast period. Other factors which could hamper the market growth
include high cost of biodegradable plastics as compared to petro
plastics, as well as performance, durability, and quality concerns.
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The bioplastics packaging
market can be segmented on the basis of end use industry into food
and beverages, pharmaceuticals industry, electronics, and others. On
the basis of material type, the market can be segmented into bio-PET,
PLA and blends, starch blends, bio-PE, and others. On the basis of
product type, the market can be segmented as flexible packaging and
rigid packaging.
In terms of geography, Europe
is expected to be largest market for biodegradable plastics, in view
of the strict government regulations against usage of non-recyclable
plastic in the region. The European government has been taking major
steps for increasing the usage of bio-based products for sustainable
environment. Even the Government of India (GoI) has also been taking
measures against the usage of plastic bags, which in turn is expected
to have a positive impact on growth of the global bioplastics
packaging market. The market in Europe is anticipated to be followed
by the Asia Pacific market, due to presence of a large consumer base
and awareness about bioplastic materials in the region.
Key players in the bioplastics
packaging market include BASF, Novamont, Arkema, Natureworks,
Braskem, Acetati, Albis Plastics, Bayer Material Science, Biome
Bioplastics, Biopearls, Innova Films, and IFS chemicals. Majority of
the key players in the market are currently focusing on making the
best use of bioplastics to come up innovative packaging ideas.
Mergers and acquisitions has
been a recent trend adopted by major players in the bio plastic
market. For instance, in 2014, Novamont (Italy) acquired 78% shares
of JV Mater Biopolymer srl (Italy), and intended to purchase the
remaining shares of the company in 2016. JV Mater Biopolymer srl owns
a production facility at Patrica, Italy, which was quite popular at
the global level, and an ideal plant for Novamont for production of
its Orio B range of polyesters. These polymers are used to improve
the technical, economic, and environmental characteristics of Master
–Bi, Navomont’s range of biodegradable and compostable
bioplastics.
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This research report analyzes
this market on the basis of its market segments, major geographies,
and current market trends. Geographies analyzed under this research
report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides
comprehensive analysis of
Market growth drivers
Factors limiting market
growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study
of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
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