Bioplastic Packaging Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032
The Global Bioplastic Packaging Market reached USD 17.6 billion in 2023 and is projected to grow at a robust CAGR of 17.3% from 2024 to 2032. This market is advancing quickly, driven by rising consumer awareness and demand for sustainable packaging solutions, particularly in the food & beverage, personal care, and pharmaceutical sectors. With ongoing improvements in recycling and composting infrastructure, bioplastic packaging is expected to help in supporting the shift toward a circular economy, aligning with increased sustainability standards.
However, challenges persist, including high production costs, limited recycling infrastructure, and competition with traditional plastics. Bioplastics often require specialized technologies and advanced manufacturing processes, which currently remain less developed and more costly compared to conventional plastics. Investments in new equipment, research, and development are essential to bridge this gap but contribute to the overall expense of bioplastic production.
The market is segmented by material into biodegradable and non-biodegradable categories. The biodegradable segment is anticipated to grow significantly, at a CAGR of 18.5% during the forecast period, as environmental concerns and regulatory pressures encourage alternatives to conventional plastics. Biodegradable materials derived from sources like corn starch and sugarcane cater to the growing demand for eco-friendly packaging in the food, beverage, and personal care industries. Innovations in bioplastics have enhanced the quality, durability, and shelf-life of these materials, making them increasingly competitive with traditional plastics and suitable for broader applications.
The bioplastic packaging market is also segmented by packaging type, with flexible packaging taking the lead, holding 55% of the market share in 2023. Flexible packaging offers a lightweight and adaptable option widely used across the food, beverage, pharmaceutical, and consumer goods industries. Its efficient material usage and cost-effective transport appeal align well with sustainability goals. Recent advancements in materials like PLA, PHA, and starch blends have improved flexible packaging’s durability and barrier properties, enhancing product preservation and shelf-life.
North America accounted for a notable market share of 25% in 2023. Growth in the U.S. bioplastic packaging market is driven by consumer demand for sustainable alternatives and corporate commitments to reduce plastic waste. Federal and state-level regulations, including restrictions on single-use plastics, further boost bioplastic adoption. Key sectors, particularly food and beverage and healthcare, are increasingly integrating bioplastic packaging as advancements in production technology lower costs, making it accessible across a wider range of applications.
However, challenges persist, including high production costs, limited recycling infrastructure, and competition with traditional plastics. Bioplastics often require specialized technologies and advanced manufacturing processes, which currently remain less developed and more costly compared to conventional plastics. Investments in new equipment, research, and development are essential to bridge this gap but contribute to the overall expense of bioplastic production.
The market is segmented by material into biodegradable and non-biodegradable categories. The biodegradable segment is anticipated to grow significantly, at a CAGR of 18.5% during the forecast period, as environmental concerns and regulatory pressures encourage alternatives to conventional plastics. Biodegradable materials derived from sources like corn starch and sugarcane cater to the growing demand for eco-friendly packaging in the food, beverage, and personal care industries. Innovations in bioplastics have enhanced the quality, durability, and shelf-life of these materials, making them increasingly competitive with traditional plastics and suitable for broader applications.
The bioplastic packaging market is also segmented by packaging type, with flexible packaging taking the lead, holding 55% of the market share in 2023. Flexible packaging offers a lightweight and adaptable option widely used across the food, beverage, pharmaceutical, and consumer goods industries. Its efficient material usage and cost-effective transport appeal align well with sustainability goals. Recent advancements in materials like PLA, PHA, and starch blends have improved flexible packaging’s durability and barrier properties, enhancing product preservation and shelf-life.
North America accounted for a notable market share of 25% in 2023. Growth in the U.S. bioplastic packaging market is driven by consumer demand for sustainable alternatives and corporate commitments to reduce plastic waste. Federal and state-level regulations, including restrictions on single-use plastics, further boost bioplastic adoption. Key sectors, particularly food and beverage and healthcare, are increasingly integrating bioplastic packaging as advancements in production technology lower costs, making it accessible across a wider range of applications.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021-2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Disruptions
3.1.3 Future outlook
3.1.4 Manufacturers
3.1.5 Distributors
3.2 Profit margin analysis
3.3 Key news & initiatives
3.4 Regulatory landscape
3.5 Impact forces
3.5.1 Growth drivers
3.5.1.1 Stringent government regulations on plastic waste
3.5.1.2 Rising investments and collaborations in green initiatives
3.5.1.3 Expansion of end-use industries
3.5.1.4 Increasing consumer demand for sustainable packaging
3.5.1.5 Improving the efficiency and scalability of bioplastic production
3.5.2 Industry pitfalls & challenges
3.5.2.1 High production costs
3.5.2.2 Limited industrial composting and recycling infrastructure
3.6 Growth potential analysis
3.7 Porter’s analysis
3.8 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY MATERIAL, 2021-2032 (USD BILLION & KILO TONS)
5.1 Key trends
5.2 Biodegradable
5.2.1 Starch blends
5.2.2 Polylactic acid
5.2.3 Polybutylene Succinate (PBS)
5.2.4 Polybutylene Adipate Terephthalate (PBAT)
5.2.5 Others
5.3 Non-biodegradable
5.3.1 Bio polyethylene terephthalate
5.3.2 Bio polyethylene
5.3.3 Bio polyamide
5.3.4 Others
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY PACKAGING TYPE, 2021-2032 (USD BILLION & KILO TONS)
6.1 Key trends
6.2 Flexible packaging
6.3 Rigid packaging
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY END USE INDUSTRY, 2021-2032 (USD BILLION & KILO TONS)
7.1 Key trends
7.2 Food and beverage
7.3 Consumer goods
7.4 Pharmaceuticals
7.5 Building and construction
7.6 Others
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 (USD BILLION & KILO TONS)
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 UK
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Russia
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 Australia
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.6 MEA
8.6.1 South Africa
8.6.2 Saudi Arabia
8.6.3 UAE
CHAPTER 9 COMPANY PROFILES
9.1 Amcor
9.2 Bio Futura
9.3 Biome Bioplastics
9.4 Corbion
9.5 FKuR
9.6 Futamura Group
9.7 Genpak
9.8 IIC
9.9 ITC Packaging
9.10 J. Landworth Company
9.11 NatureWorks
9.12 Novamont
9.13 Sealed Air
9.14 Stora Enso
9.15 Tetra Pak
9.16 TIPA
9.17 Walki Group
9.18 Xiamen Changsu Industrial
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021-2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Disruptions
3.1.3 Future outlook
3.1.4 Manufacturers
3.1.5 Distributors
3.2 Profit margin analysis
3.3 Key news & initiatives
3.4 Regulatory landscape
3.5 Impact forces
3.5.1 Growth drivers
3.5.1.1 Stringent government regulations on plastic waste
3.5.1.2 Rising investments and collaborations in green initiatives
3.5.1.3 Expansion of end-use industries
3.5.1.4 Increasing consumer demand for sustainable packaging
3.5.1.5 Improving the efficiency and scalability of bioplastic production
3.5.2 Industry pitfalls & challenges
3.5.2.1 High production costs
3.5.2.2 Limited industrial composting and recycling infrastructure
3.6 Growth potential analysis
3.7 Porter’s analysis
3.8 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY MATERIAL, 2021-2032 (USD BILLION & KILO TONS)
5.1 Key trends
5.2 Biodegradable
5.2.1 Starch blends
5.2.2 Polylactic acid
5.2.3 Polybutylene Succinate (PBS)
5.2.4 Polybutylene Adipate Terephthalate (PBAT)
5.2.5 Others
5.3 Non-biodegradable
5.3.1 Bio polyethylene terephthalate
5.3.2 Bio polyethylene
5.3.3 Bio polyamide
5.3.4 Others
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY PACKAGING TYPE, 2021-2032 (USD BILLION & KILO TONS)
6.1 Key trends
6.2 Flexible packaging
6.3 Rigid packaging
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY END USE INDUSTRY, 2021-2032 (USD BILLION & KILO TONS)
7.1 Key trends
7.2 Food and beverage
7.3 Consumer goods
7.4 Pharmaceuticals
7.5 Building and construction
7.6 Others
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 (USD BILLION & KILO TONS)
8.1 Key trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 UK
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Russia
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 Australia
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.6 MEA
8.6.1 South Africa
8.6.2 Saudi Arabia
8.6.3 UAE
CHAPTER 9 COMPANY PROFILES
9.1 Amcor
9.2 Bio Futura
9.3 Biome Bioplastics
9.4 Corbion
9.5 FKuR
9.6 Futamura Group
9.7 Genpak
9.8 IIC
9.9 ITC Packaging
9.10 J. Landworth Company
9.11 NatureWorks
9.12 Novamont
9.13 Sealed Air
9.14 Stora Enso
9.15 Tetra Pak
9.16 TIPA
9.17 Walki Group
9.18 Xiamen Changsu Industrial
