Biobased Packaging Market Report
10 May 2023 – Are bioplastic bags compostable and can they be disposed of along with organic waste? 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. The German market research institute Ceresana analyzed the global market for packaging materials made from biopolymers: The analysts expect revenues generated with these to increase to around USD 31.4 billion by 2032.
Recently Ceresana published her Biobased Packaging Market Report, which shows, among other things, that polylactic acid (PLA), which is mostly derived from plant starch, currently is 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.
