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Bioplastic Packaging Market Share

Report ID: GMI12227
Published Date: Nov 2024
Report Format: PDF

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Bioplastic Packaging Market Share

The competition in the bioplastic packaging industry is intensifying as companies strive to innovate and meet the growing demand for sustainable solutions. Leading players are focusing on advancing bioplastic production technologies, improving material performance, and reducing production costs to remain competitive. Additionally, firms are entering strategic partnerships, forming collaborations, and investing in research and development to enhance their product offerings. While established players dominate, new entrants and startups are capitalizing on niche markets, driving further innovation and competition across the industry.

Bioplastic Packaging Market Companies

Major players operating in the bioplastic packaging industry are:

Amcor
Bio Futura
Biome Bioplastics
Corbion
FKuR
Futamura Group
Genpak
IIC
ITC Packaging
J. Landworth Company
NatureWorks
Novamont
Sealed Air
Stora Enso
Tetra Pak
TIPA
Walki Group
Xiamen Changsu Industrial

Authors: Suraj Gujar , Kanhaiya Kathoke

Frequently Asked Questions (FAQ) :

The global market size for bioplastic packaging was valued at USD 17.6 billion in 2023 and is projected to reach USD 73.6 billion by 2032, driven by a CAGR of over 17.3% from 2024 to 2032.

The flexible packaging segment dominated the market with a industry share of over 55% in 2023, driven by its versatility and wide use across various industries.

The North America market held a significant share of over 25% in 2023, driven by consumer demand for sustainable alternatives and strong corporate commitments to reduce plastic waste.

Major players in the industry include Amcor, Bio Futura, Biome Bioplastics, Corbion, FKuR, Futamura Group, Genpak, IIC, and ITC Packaging.