Sustainable packaging: Ceresana study on the global market for bioplastics packaging

KONSTANZ, Germany - June 12, 2023 - PRLog -- Are bioplastic bags compostable? In some places, there is a passionate debate about how environmentally friendly bioplastics really are. But that doesn't change the fact that more and more films, containers, bottles and cups of all kinds, closures and lids, as well as labels, adhesive tapes and loose-fill packaging chips are being produced from biobased and/or biodegradable plastics.

Innovative and dynamic segment of the plastics market

Short-life packaging is by far the most important application for bioplastics, although they are also increasingly found in long-life high-performance products. Polylactic acid (PLA), mostly derived from plant starch, is currently the most important bioplastic on the packaging market with a share of 28%. Packaging made from biobased plastics that are not biodegradable, for example polyethylene and PET made from sugarcane ethanol, follow in second place. Ceresana expects the highest growth for PHA bioplastics (polyhydroxyalkanoates): Revenues generated with these biopolyesters formed by bacteria, are expected to increase by 19.4% by 2032.

Biobased packaging for food, cosmetics and pharmaceuticals

The current market report from Ceresana analyzes the development of the use of bioplastics for packaging in the various sales markets. The most important sales market in 2022 was the "food and beverages" area, which accounted for almost 61% of all packaging. Bioplastics are increasingly needed not only for bread bags and salad freshness films, but also for dairy products, chilled and frozen foods, ready-made meals and convenience foods, spreads, sauces and condiments, bottles and containers in the beverage segment. However, Ceresana expects the highest volume growth in the "cosmetics and pharma" area: 11.4% per year. Asia currently accounts for around 38% of the total market for bioplastic packaging – closely followed by Europe.

New market study regarding packaging made from bioplastics

Chapter 1 of Ceresana's current study provides a comprehensive presentation and analysis of the global market for packaging made of bioplastics – including forecasts up to 2032.
Chapter 2 considers the 11 most important countries for packaging made from bioplastics individually.
Chapter 3 provides useful company profiles of the top bioplastic packaging manufacturers, categorized by contact details, revenue, profit, product range, production facilities and brief profile. Detailed profiles are provided by 54 manufacturers.

Further Information about the new market study "Biobased Packaging": https://ceresana.com/en/produkt/biobased-packaging-market...