PLANT-BASED PLASTIC PACKAGING MARKET

INTRODUCTION TOPLANT-BASED PLASTIC PACKAGING MARKET

A form of packaging material created from renewable biological sources, such as maize starch, sugarcane, and potato starch, is known as plant-based plastic packaging, also known as bioplastic packaging.

Plant-based plastic packaging is biodegradable, compostable, and/or recyclable and is created from sustainable materials, as opposed to conventional plastic packaging, which is made from petroleum.

Recently, as consumers and companies sought out more environmentally friendly packaging solutions, plant-based plastic packaging has grown in popularity.

It's crucial to keep in mind that not all plant-based plastics are made equal, even though they do provide a more ecologically friendly option to conventional plastic packaging.

It is crucial to select the proper type of bioplastic for the intended usage and disposal method since some bioplastics are either partly biodegradable or require certain composting conditions to break down.

PLANT-BASED PLASTIC PACKAGING MARKETSIZE AND FORECAST

The Plant-based plastic packaging accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

PLANT-BASED PLASTIC PACKAGING MARKETNEW PRODUCT LAUNCH

NatureWorks LLC produces Ingeo, a plant-based plastic packaging material. It is a biopolymer that is sustainable and ecologically beneficial since it is manufactured from renewable resources like sugarcane and maize starch.

Cups, trays, and films are just a few of the packaging goods that may be made with Ingeo. Compared to conventional polymers made from petroleum, its production method uses less energy and produces less greenhouse gas emissions.

Additionally, Ingeo may be decomposed into natural materials without leaving any unwanted leftovers behind because it is biodegradable.

Biome Bioplastics created the BiomeNatura brand of plant-based plastic packaging. The packaging is an environmentally beneficial substitute for conventional plastic packaging since it is created from renewable, plant-based resources like corn starch and sugarcane.

Designed to have characteristics akin to those of conventional plastic packaging, BiomeNatura also has the advantage of being compostable and biodegradable.

Thus, after serving its purpose, the packaging may be disposed of in a method that has a lesser negative environmental impact. With the help of BiomeNatura, businesses may lower their carbon footprints and promote a more circular economy.

PLANT-BASED PLASTIC PACKAGING MARKETCOMPANY PROFILE

• BASF
• Novamont
• NatureWorks LLC
• Biome Bioplastics
• Braskem

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Plant-based plastic packaging are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Plant-based plastic packaging and key vendor selection criteria
3. Where is the Plant-based plastic packaging manufactured? What is the average margin per unit?
4. Market share of Global Plant-based plastic packaging market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Plant-based plastic packaging in-house
6. key predictions for next 5 years in Global Plant-based plastic packaging market
7. Average B-2-B Plant-based plastic packaging market price in all segments
8. Latest trends in Plant-based plastic packaging market, by every market segment
9. The market size (both volume and value) of the Plant-based plastic packaging market in 2024-2030 and every year in between?
10. Production breakup of Plant-based plastic packaging market, by suppliers and their OEM relationship