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Biodegradable Packaging Market Trends, Statistics, Growth, and Forecasts

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The increase in the use of biodegradable packaging solutions in packaging needs is driven by the continuously increasing demand for sustainable products by consumers and brands alike. This is due to a growing awareness of the impact on the environment and the need to reduce the dependency on fossil resources as well as the continuous advancements and innovations of the bioplastics industry in new materials with improved properties and new functionalitiesSingle-use Plastics Directive and the publication of the new EU Commission's European Green Deal have led to a strong dynamic, which will even intensify in 2020. 

As a result, the main aspects of the European legal framework for plastics are currently under revision. This provides new opportunities for biodegradable packaging that can play an essential role in achieving a resource-efficient, low-carbon circular economy pursued by the European Union In the United States, state-wide bans against plastic bags are being put into place. Eight states have passed legislation banning single-use plastic bags, with three California, Hawaii, and Oregon in effect as of February 2020. The countries in the Asia-Pacific regions have also cracked down against single-use plastics. For instance, China unveiled a significant plan to reduce single-use plastics across the country to ban non-degradable bags in major cities by the end of 2020 and in all cities and towns by 2022Increasing demand for sustainable alternatives for regular plastic disposables, there is a worldwide shortage of PLA (resin). Companies, such as biofutura, which supply biobased products are facing stock problems worldwide; only a few factories produce the raw material for PLA products.

The natural calamity, such as floods, tornados, and earthquakes, also affects the supply of raw material of bioplastic and biodegradable packaging solutions as mostly these raw materials are based out of fruits, vegetables, and agricultural products. Raw materials for bioplastics may come from crop biomass that can face competitive pressures from agricultural and biofuels interests. In addition, the use of genetically modified bacteria and plants in the production of crops for bioplastics is controversial, as some believe they may lead to systematic degradation of biodiversity in ecosystems in the future. The bioplastic market is a very small and niche market with a global production of 2.11 million metric tons in 2019, a fraction of the more than 359 million metric tons of plastic produced annually. Bioplastic packaging only constituted 0.02% of all patent output. Factors, such as bioplastics, lack mechanical strength compared to their petrochemical-based counterpart, and the economics of production are holding back its growth and development.
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Table Of Content

Scope

Table Of Contents

1. Research Methodology and Scope

2. Market Overview

3. SWOT Analysis of Agriculture Market

        3.1 Strengths

        3.2 Weakness

        3.3 Opportunities

        3.4 Threats

4. Agriculture Market

        4.1 Grains

        4.2 Livestock

        4.3 Sugar

        4.4 Dairy

        4.5 Others

5. Commodity Price Analysis

6. Production and Consumption Analysis

7. Agrochemicals Market Analysis

8. Trade (Import-Export Analysis)

9. Regional Agri Market Analysis

10. Global Agriculture Market Analysis

11. Appendix

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Company Profile

Company Profile Title

The increase in the use of biodegradable packaging solutions in packaging needs is driven by the continuously increasing demand for sustainable products by consumers and brands alike. This is due to a growing awareness of the impact on the environment and the need to reduce the dependency on fossil resources as well as the continuous advancements and innovations of the bioplastics industry in new materials with improved properties and new functionalitiesSingle-use Plastics Directive and the publication of the new EU Commission's European Green Deal have led to a strong dynamic, which will even intensify in 2020. 

As a result, the main aspects of the European legal framework for plastics are currently under revision. This provides new opportunities for biodegradable packaging that can play an essential role in achieving a resource-efficient, low-carbon circular economy pursued by the European Union In the United States, state-wide bans against plastic bags are being put into place. Eight states have passed legislation banning single-use plastic bags, with three California, Hawaii, and Oregon in effect as of February 2020. The countries in the Asia-Pacific regions have also cracked down against single-use plastics. For instance, China unveiled a significant plan to reduce single-use plastics across the country to ban non-degradable bags in major cities by the end of 2020 and in all cities and towns by 2022Increasing demand for sustainable alternatives for regular plastic disposables, there is a worldwide shortage of PLA (resin). Companies, such as biofutura, which supply biobased products are facing stock problems worldwide; only a few factories produce the raw material for PLA products.

The natural calamity, such as floods, tornados, and earthquakes, also affects the supply of raw material of bioplastic and biodegradable packaging solutions as mostly these raw materials are based out of fruits, vegetables, and agricultural products. Raw materials for bioplastics may come from crop biomass that can face competitive pressures from agricultural and biofuels interests. In addition, the use of genetically modified bacteria and plants in the production of crops for bioplastics is controversial, as some believe they may lead to systematic degradation of biodiversity in ecosystems in the future. The bioplastic market is a very small and niche market with a global production of 2.11 million metric tons in 2019, a fraction of the more than 359 million metric tons of plastic produced annually. Bioplastic packaging only constituted 0.02% of all patent output. Factors, such as bioplastics, lack mechanical strength compared to their petrochemical-based counterpart, and the economics of production are holding back its growth and development.
READ MORE

Scope

Table Of Contents

1. Research Methodology and Scope

2. Market Overview

3. SWOT Analysis of Agriculture Market

        3.1 Strengths

        3.2 Weakness

        3.3 Opportunities

        3.4 Threats

4. Agriculture Market

        4.1 Grains

        4.2 Livestock

        4.3 Sugar

        4.4 Dairy

        4.5 Others

5. Commodity Price Analysis

6. Production and Consumption Analysis

7. Agrochemicals Market Analysis

8. Trade (Import-Export Analysis)

9. Regional Agri Market Analysis

10. Global Agriculture Market Analysis

11. Appendix

Single User License

Team License

Corporate License

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS