Bioplastic Packaging Bag Market

Bioplastic Packaging Bag Market Snapshot 2023 to 2033

The global bioplastic packaging bag market is anticipated to accumulate a market value of US$ 12.5 billion in 2023 and is expected to garner a valuation of US$ 49 billion by exhibiting a CAGR of 14.6 % in the forecast period 2023 to 2033. The market for Bioplastic Packaging Bag market reflected growth with 8.1 % CAGR in the historical period 2018 to 2022.

Due to their minimum environmental impact, increasing attention on sustainability and recycling, government emphasis on effective packaging management, rising consumer awareness, and growing single-use plastic prohibitions, bioplastic packaging solutions are increasingly being used in packaging.

Because of their characteristics and advantages, like less environmental impact and renewability, biodegradable kind, bioplastic packaging solutions are getting increasingly popular. This is a key driver that is expected to propel the market's growth throughout the forecast period.

Another aspect expected to contribute to the market's continued expansion is the rising consumer preference toward eco-friendly goods over synthetic versions of chemicals.

• Rigid bioplastics packaging materials are used for the packaging of creams, compact powders, lipsticks, and beverage bottles. A broad range of applications bolsters the potential for demand. Materials like bio-based PET, PLA, or PE are utilized in this section.
• On the other hand, mounting research and development activities and financial investments from the producers of food and beverages are also expected to drive market growth.
• Due to bioplastic's biodegradable nature, the packaging market for this material is anticipated to grow. Depending on the need, several thermoplastic packaging alternatives are available for use in the food and beverage business.
• To cater to the needs of specific preservation, bioplastic packaging is a sophisticated and convenient flexible solution. Products' shelf lives are increased with the use of bioplastics.

This is because of its features like antibacterial covering. Due to their distinct features, bioplastics are expected to replace traditional plastic packaging in various industries.

• Packaging made of biodegradable plastics has the same features as conventional plastics but also has some additional benefits.

Apart from this, strict regulations by various governments and federal agencies with an agenda to reduce plastic waste and encourage biodegradable plastics usage in packaging are boosting the product demand.

Also, the regulations related to green packaging is rising up. As a result, several FMCG companies are required to adopt biodegradable packaging to fall in with the standards, which in turn, is driving the growth of this market.

Data Points	Key Statistics
Expected Market Value in 2023	US$ 12.5 billion
Projected Market Value in 2033	US$ 49 billion
Growth Rate (2023 to 2033)	14.6 % CAGR

Regional Outlook

• Region-wise, the Europe bioplastics packaging bags market commanded the largest share of 33.4% in terms of revenue in 2021. The region is expected to retain its lead by accumulating over 40% market share by end of the forecast period.
• The growth is attributed to the presence of strict environment-friendly laws, and growing environmental concerns among consumers.
• Along with this, government initiatives, such as the decision of the European Union to reduce the overall consumption of single-use plastic products, are expected to fuel the demand for bioplastics packaging materials during the assessment period.
• In 2019, the members of the European Parliament voted to ban single-use plastic products, like cutlery and straws as part of a sweeping law against plastic waste that pollutes beaches oceans. This ban is expected to foster growth in the market in the forthcoming period.
• Similarly, the United States bioplastics packaging market is anticipated to rise significantly during the forecast period. The accelerating demand for bio-based packaging in the food and consumer goods sectors is will determine the market growth.
• Bio-bags and bio-based plastics possess higher tensile strength and are eco-friendly in nature. As a result, the demand for bioplastic packaging is further expected to rise during the projection period.
• In addition, expanding composting infrastructure and increasing government efforts to reduce landfilling, through initiatives like the USA 2030 Food Loss and Waste Reduction Goal, are anticipated to propel the demand for bio-based bags or compostable bags used in the collection of food leftovers and other organic waste material during the projection period.
• The market growth in Asia Pacific is projected to grow with CAGR of 12% during the forecast period. Factors such as flourishing packaging industry, rising trends of downsizing in packaging, surging breakthroughs in new technologies and innovations and growth in non-biodegradable materials are stimulating growth in the market.

How Competitive is the Market?

Latest developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing bioplastic packaging bag solutions are anticipated to create lucrative opportunities for market growth during the forecast period.

• In August 2021, Danimer Scientific completed the purchase of Novomer, a biodegradable polymer producer. This development will benefit the production of PHA-based resins and other biodegradable materials.
• In January 2021, Novamont acquired BioBag Group, a Norway-based leading supplier of waste collection and packaging bags. This acquisition will enable Novamont to expand further and solidify its business into North America, the Scandinavian countries, Eastern Europe, and Australia. The firm could further benefit from Biobag’s highly specialized independent distribution network. Both companies will offer a complete solution to the market and develop long lasting alliances with key stakeholders such as large retailers and communities.

The extensive adaptability for the use of plastics in satchels and bags and their inadequate disposal is likely to add to the enormously increasing pollution loss of conventional, petroleum-based plastics.

Manufactured from a range of all-natural plant products, such as (PHAs), (PLAs) and corn. Bioplastic packaging bags also contain degradation additives and therefore have a lower impact on the ecosystem in general as well as on aquatic life in particular.

These bioplastic packaging bags are popular with traditional plastic products, especially fast-moving consumer goods and food packaging. Bioplastics are not harmful to nature and some are quickly damaged in versatile containers.

Bioplastic Packaging bags can be used for foodstuffs, medications, drinking bottles, packing films and packaging of non-food items, such as candy and tissues, toilet paper, cloths, towels for the body, cardboard, coat paper for cup and dishes, etc. Flexible and loose fill packaging is also included.

Bioplastic Packaging Bag Market: Dynamics

Sustainable Packaging to accelerate the market growth for Bioplastic Packaging bags

Eco plastics are used in predominantly natural-friendly plastic containers and in organic waste collection bioplastic packaging bags, primarily used in hospitals, hotels and restaurants, stores and markets and homes. Local governments in different countries have also started to use bioplastic packaging bags.

Bioplastics Packaging Bags are the most widely used in the field of the packaging industry, which is growing because of increasing environmental issues around the world. Asia-Pacific with nearly 45% of the global production capacity has the highest production volume of bioplastics.

A major issue of nonbiodegradable waste caused mainly by the disposal of traditional plastics around the globe has impacted by harmful effects in the atmosphere. This has significantly helped fuel the demand for and expansion of the global bioplastic packaging bags market.

The breakdown of bioplastics packaging bag is feasible with natural methods, such as microorganisms and composting. This is likely to be one of the most substantial factors in biodegradable packaging and is therefore a important factor in boosting market growth of bioplastic packaging bags.

Consumer Product Industry to gain traction for Bioplastic Packaging Bags

The second-largest end-user of bioplastic packaging bag sector is consumer products. Home appliances, mobile devices and others are the key consumer products included in this category.

Electronic devices consist of parts made from standard plastics, such as tubes, circuit boards and data storage, as the plastics provide longevity, lightness and versatility. The key manufacturers of consumer products concentrate on the environment from the conventional plastics to the bioplastic packaging bag.

For the manufacture of consumer products including computer casements, loudspeakers, mobile casing and vacuum cleaners, bioplastic packaging bag are used.

Bioplastic Packaging Bag Market: Regional Outlook

European Union is likely to contribute and lead the global market for bioplastic packaging bags and is expected to acquire its position in the future as well. The importance of this geographic market is attributed to the demand for biodegradable and eco-friendly bioplastic packaging bag for a number of industrial applications.

In addition, increasing knowledge of the contamination process at institute level and facts related to the use of bioplastic packaging bags made from conventional plastics is likely to be a striking aspect that is driving the development of the regional market.

The global market in Europe is also projected to grow at a significant rate of growth in the future. Demand and popularity for oxy-degradable and photodegradable plastics in a number of developed regions is also likely to boost the market for bioplastic packaging bags.

Bioplastic Packaging Bag Market: Key Players

• Xtex Polythene Ltd.
• Wells Plastics Ltd.
• Shabra Group
• Ampac Holdings LLC
• International Plastics Inc.
• Abbey Polyethene
• Bulldog Bag Ltd.
• Sarah Bio Plast
• Sahachit Watana Plastic Industry Co., Ltd.
• EXTRAPACK Ltd.
• Symphony Polymers Pvt. Ltd.
• JUNER Plastic Packaging Co.
• Dagoplast AS

Bioplastic Packaging Bag Market Segmentation

Globally, the Bioplastic Packaging Bag Market is divided on the basis of Material, Types, & Application industry

By Material:

• Polyhydroxyalkanoates (PHAs)
• Polylactic Acids (PLAs)
• Starch Blends
• Others

By Type:

• Flat bags,
• Rubble sacks
• Gusseted Bags
• Woven Sacks
• Trash bags
• T-shirt bags
• Others

By Application:

• Industrial
• Institutional
• Retail Sector
• Consumer users.