Global Bioplastic Packaging Market

Global Bioplastic Packaging Market Size, Share, Growth Analysis, By Material (Biodegradable, Non-biodegradable), By Type (Rigid, Flexible), By Application (Food & Beverages, Consumer Goods), By Region -Industry Forecast 2025-2032


Report ID: SQMIG15H2071 | Region: Global | Published Date: January, 2025
Pages: 177 | Tables: 90 | Figures: 66

Bioplastic Packaging Market News

  • In September 2024, a new bioplastics innovation hub was launched through a collaborative effort of CSIRO and Murdoch University. The program with a USD 8 million investment is aimed at developing 100% compostable plastics to resolve the issue of plastic pollution on the planet.
  • In June 2023, a new carry bag developed using bioplastics was launched by Defence Research and Development Organisation (DRDO), India. Hardeep Singh Puri, Union Minister for Petroleum, and Lieutenant Governor Manoj Sinha launched this new offering under the polythene-free Jammu initiative.
  • In July 2022, Green Dot Bioplastics, a renowned bioplastic material science company announced the launch of new compostable grade bioplastic materials. The new Terratek® BD line was designed for single-use and packaging applications with enhanced biodegradable qualities.
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Global Bioplastic Packaging Market size was valued at around USD 5.69 billion in 2023 and is projected to grow from USD 6.29 billion in 2024 to USD 13.98 billion by 2032 at a CAGR of 10.5% over the forecast period (2025–2032).

Bioplastic packaging companies are focusing on experimenting with the use of new sustainable materials to comply with modern standards and satisfy the demand for bioplastic packaging solutions. Providing custom and branded bioplastic packaging solutions is also expected to create new opportunities for bioplastic packaging companies. collaborations and partnerships will be essential and improving R&D capabilities of new as well as established companies in the future. 'Amcor Plc.', 'Novamont S.p.A', 'NatureWorks, LLC.', 'Coveris', 'Sealed Air', 'Alpha Packaging', 'Constantia Flexibles ', 'Mondi', 'Transcontinental Inc.', 'ALPLA '

Increasing emphasis on sustainability and the launch of new efforts to reduce waste around the world are boosting the adoption of bioplastic packaging. Demand for eco-friendly plastic packaging alternatives across multiple industry verticals to reduce plastic pollution is also expected to create new opportunities for bioplastic packaging providers going forward.

Novel Bioplastic packaging Materials: Bioplastic packaging companies should focus on experimenting with new bioplastic packaging materials to stand out from the competition and maximize their sales. Imposition of stringent mandates to regulate waste from packaging will bolster the demand for better sustainable and eco-friendly materials in the future. Plant-based, biodegradable, compostable, and recyclable materials will be in demand.

Europe is expected to spearhead the global bioplastic packaging industry across the study period. High emphasis of governments to promote sustainability and increasing awareness regarding eco-friendly products among consumers are aiding the dominance of this region. Germany, France, and the Netherlands are some of the more noteworthy markets in the European region. The presence of leading packaging companies and availability of supportive initiatives and funding to promote the use of eco-friendly products are also creating new opportunities for bioplastic packaging suppliers. High investments in the research and development of novel bioplastic products and recycling technologies are also expected to bolster the dominance of this region.

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Global Bioplastic Packaging Market

Report ID: SQMIG15H2071

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