Product Code: 49284
The biopolymer packaging market was valued at USD 4.78 billion in 2019 and is expected to reach USD 22.38 billion by 2025, at a CAGR of 22.68% over the forecast period 2020 - 2025. Biopolymers refer to naturally occurring polymers, primarily from renewable sources, such as plants and animals, which are helpful in manufacturing plastics. Furthermore, the market is focusing on increasing the production capabilities of biopolymers.
- Increasing concerns about sustainable packaging created considerable demand for bioplastics. For example, several consumer goods companies, such as Samsung and Apple, are using bioplastics for packaging.
- For example, as of January 2019, Samsung's electronics division announced its new sustainability policy, which involves changing product packaging for its phones, tablets, and appliances. Products, such as televisions, fridges, and washing machines, will no longer use plastic bags. Instead, they will be packed in bags made of recycled plastic and bioplastics, which are produced from biomass materials, like vegetable fats, corn starch, and sugar cane. Moreover, in the global scenario, the packaging is the most prominent application of biopolymers.
- However, increasing consolidation in the global market and stringent environmental regulations are expected to boost the demand for biopolymers in the near future.
- For instance, in January 2019, Danish enzyme manufacturer, Novozymes launched a joint venture with Carbios, a prominent biotechnology company, which based in France, to commercialize the production of biodegradable plastics, primarily with the help of plastic degrading enzymes.
Scope of the Report
Biopolymers are polymers that are produced by living organisms. Some of the biopolymers are proteins, lipids, DNA, RNA, and carbohydrates. The report has segmented the market Material Type (Non-Bio-degradable(PET, PA, PTT, and Others)), Bio-Degradable(PLA, PBAT, Starch Blends, Others)), End-user (Food & Beverages, Retail, Healthcare, Automotive), and Region.
Key Market Trends
Food and Beverages Industry is Expected to Witness a Significant Growth in the Forecast Period
- Innovations in the fields of biopolymers are expected to drive the market during the forecast period. According to Indian Science Journal, scientists have made biopolymer films from potato peel and fruit pomace, which can be used to store perishable food products, such as bread. The biopolymer films made from potato peels and fruit pomace waste are 0.3 millimeters thin and can withstand temperatures as high as 200 degree Celsius. They have good breakage strength and elongation capacity.
- The impending government regulations regarding single-use plastic packaging in China is causing the companies to ramp up the production of biodegradable plastics. For instance, the founder and chairman of Saton Daily Necessities would be spending USD 15 million to produce biodegradable straws made from polylactide acid (PLA - a type of bioplastic or biopolymer) by doubling the size of the factory.
- Food and Beverages companies have started to come with initiatives to curb greenhouse gas emissions. In order to support such moves In October 2016, PepsiCo collaborated with Danimer Scientific for the development of Danimer Scientifics' biodegradable film resins to meet the sustainable flexible packaging requirements of PepsiCo's global food and beverage business. This partnership has enabled companies to expand biopolymer technology to provide innovative bioplastic solutions to a wider range of applications and products.
Asia-pacific is expected to Register a fastest growth rate in the Forecast Period
- The Asia-Pacific region is the largest producer and consumer of biopolymers, globally. According to the statistics released by the European Bioplastics, around 56% of the global bioplastics production is accounted for by the region. When compared to 2016, this data suggests that the country increased its production capacity by over 28%.
- The Chinese government has stressed upon pollution-free economic progress which has made Chinese plastic makers look for biodegradable materials. A move like this would boost the usage of biopolymers that can be used for packaging thereby influencing the market in a positive way.
- Moreover, a recent study by the European Bioplastics indicates that most of the investment in new bio-based polymer capacities are expected to take place in the Asia-Pacific region, owing to better access to feedstock and a favorable political framework
The competitive rivalry in the biopolymer packaging market is high owing to the presence of certain key players like Baraskem SA, Arkema SA, BASF SE, Toray Industries Inc. and many more. These firms are able to gain a competitive advantage over other players due to their ability to consistently innovate their products that could meet the demands of their consumers. This is possible due to their continued investments in research and development activities, mergers and acquisitions and strategic partnerships with other firms or institutions.
- January 2019 - The European Commission cleared the company's acquisition of Solvay's polyamide business. This acquisition is expected to complement the company's engineering plastics portfolio while enhancing access to key markets in Asia and South America. Furthermore, it is expected to strengthen the company's value chain, through backward integration, in key raw materials, such as ADN.
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Table of Contents
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Introduction to Market Drivers and Restraints
- 4.3 Market Drivers
- 4.3.1 The Growing Government Regulations for Bio Based Packaging
- 4.3.2 Increasing Awareness for Human Well Being and Eco Friendly Products
- 4.4 Market Restraints
- 4.4.1 Performance Issues with Bio Based Materials
- 4.4.2 High Cost of Biopackaging Materials
- 4.5 Value Chain Analysis
- 4.6 Industry Attractiveness - Porter's Five Force Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers/Consumers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitute Products
- 4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
- 5.1 By Material Type
- 5.1.1 Non-biodegradable
- 18.104.22.168 PET
- 22.214.171.124 PA
- 126.96.36.199 PTT
- 188.8.131.52 Other Material Types
- 5.1.2 By Biodegradability
- 184.108.40.206 PLA
- 220.127.116.11 Starch Blends
- 18.104.22.168 PBAT
- 22.214.171.124 Other Biodegradability Types
- 5.2 By End-user Industry
- 5.2.1 Food and Beverages
- 5.2.2 Retail
- 5.2.3 Healthcare
- 5.2.4 Automotive
- 5.2.5 Other End-user Industries
- 5.3 Geography
- 5.3.1 North America
- 5.3.2 Europe
- 5.3.3 Asia Pacific
- 5.3.4 Latin America
- 5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
- 6.1 Company Profiles
- 6.1.1 Arkema SA
- 6.1.2 BASF SE
- 6.1.3 NatureWorks LLC
- 6.1.4 Novamont SpA
- 6.1.5 Plantic Technologies Ltd
- 6.1.6 Baraskem SA
- 6.1.7 Biome Technologies PLC
- 6.1.8 Bio-On SpA
- 6.1.9 Toray Industries Inc
- 6.1.10 Spectra Packaging Solutions Ltd
- 6.1.11 United Biopolymers SA
- 6.1.12 PTT MCC Biochem Company Ltd
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS