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undertaken by companies such as Coca-Cola, P&G, and Heinz to use bio-based materials for packing
beverages, sauces & spreads and cosmetics is expected to bolster the growth of the rigid packaging market.
Browse Details of Report @ https://www.hexaresearch.com/research-report/bioplastic-packaging-
market
Increasing demand for flexible packaging solutions on account of several benefits including size and weight
particularly in food applications coupled with rising demand for biodegradable films is anticipated to boost
the growth of the market. The segment is expected to grow at a volume CAGR of 20.6% from 2017 to 2024.
Food packaging accounted for 9% of the overall market share in 2016 and is likely to witness above average
growth as a result of rising consumer requirement for eco-friendly packaging. Aesthetic attributes such as
transparency, size, weight and presentation are expected to drive the growth of the segment over the
projected period.
The growth of the global bioplastic packaging industry driven primarily by consumer demand is also likely to
be favored by the implementation of stringent regulations for its synthetic counterparts. Despite the fall in
crude oil prices, companies such as BASF, Arkema Dow, Solvay, and Braskem are continuing production at
their facilities and focusing on R&D. These factors are likely to result in a tremendous growth of the global
bioplastic packaging market growing at a revenue CAGR of 28.3% over the next seven years.
Hexa Research has segmented the global bioplastic packaging market on the basis of raw material,
product, application and region:
Segmentation by raw material, 2014 - 2024 (Kilo Tons) (USD Million)
• Polyethylene terephthalate (PET)
• Polyethylene (PE)
• Other non-biodegradable polymers
• Polybutyrate (PBAT)
• Polybutylene succinate (PBS)
• Polylactic acid (PLA)
• Polyhydroxyalkanoates (PHA)
• Starch blends
Segmentation by product, 2014 - 2024 (Kilo Tons) (USD Million)
• Rigid
• Flexible
Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million)
• Plastic bottles
• Food packaging
• Others
Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)
• North America
• U.S.
• Europe
• Germany
• UK
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