Renewable Plastics are plastics that are made from renewable or reproducible sources such as plant-based products. Renewable plastics such as starch, cellulose, lactic acid, sugar, isosorbide, and sebacic acid has been used in the production of plastic materials. Major importance of renewable plastics is that they can be easily composted, while maintaining the same versatility as traditional plastics. Increasing awareness of carbon emission followed by rising concern regarding traditional plastic waste is expected to increase adoption of renewable plastic over the coming years.

To reduce the problems caused by conventional plastics, bioplastics are developed using biodegradable feedstock. Demand for synthetic plastics is steadily decreasing because it is detrimental to the climate. Additionally, raw materials are highly reliant on the oil and gas industry. The market for the bioplastics is therefore gradually growing. Strict government guidelines against non-recyclable plastics consumption are fueling market growth. China’s government, for example, has introduced a campaign to eliminate plastic bags and concentrate on packaging bioplastics. The demand is also projected to be powered by fast growth in soda use and innovative packaging solutions.

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Renewable Plastic Packaging Market Dynamics:

  •  Rising Plastic Recycling Industry
  •  Are Bioplastics Expensive than Traditional Plastics?
  •  Reduction in Carbon Emission
  •  Lesser Energy Consumption
  •  Eco-Friendly Disposable Solution

Renewable Plastic Packaging Market Segmentation 2020-2030:

Segmentation by Material, 2020 – 2030 (USD Million, Thousand Tons)

  •  Polyethylene terephthalate (PET)
  •  Polyethylene (PE)
  •  Starch Blends
  •  Polylactic acid (PLA)
  •  Polybutyrate Adipate Terephthalate (PBAT)
  •  Polybutylene succinate (PBS)
  •  Others

Segmentation by Product, 2020 – 2030 (USD Million, Thousand Tons)

  •  Biodegradable
  •  Bio-based

Segmentation by Packaging, 2020 – 2030 (USD Million, Thousand Tons)

  •  Rigid Packaging
  •  Flexible Packaging

Segmentation by Geography, 2020 – 2030 (USD Million, Thousand Tons)

 North America Market (USD Million, Thousand Tons)

  •  U.S. Market (USD Million, Thousand Tons)
  •  Canada Market (USD Million, Thousand Tons)

 Europe Market (USD Million, Thousand Tons)

  •  Germany Market (USD Million, Thousand Tons)
  •  UK Market (USD Million, Thousand Tons)
  •  France Market (USD Million, Thousand Tons)
  •  Italy Market (USD Million, Thousand Tons)
  •  Spain Market (USD Million, Thousand Tons)
  •  Rest of Europe Market (USD Million, Thousand Tons)

 Asia-Pacific Market (USD Million, Thousand Tons)

  •  China Market (USD Million, Thousand Tons)
  •  Japan Market (USD Million, Thousand Tons)
  •  India Market (USD Million, Thousand Tons)
  •  South Korea Market (USD Million, Thousand Tons)
  •  Australia Market (USD Million, Thousand Tons)
  •  Rest of Asia Pacific Market (USD Million, Thousand Tons)

 Latin America Market (USD Million, Thousand Tons)

  •  Brazil Market (USD Million, Thousand Tons)
  •  Argentina Market (USD Million, Thousand Tons)
  •  Rest of Latin America Market (USD Million, Thousand Tons)

 Middle East & Africa Market (USD Million, Thousand Tons)

  •  GCC Market (USD Million, Thousand Tons)
  •  South Africa Market (USD Million, Thousand Tons)
  •  Rest of Middle East & Africa Market (USD Million, Thousand Tons)

Renewable Plastic Packaging Market: Top 10 Companies

  •  Arkema Inc
  •  BASF SE
  •  The DOW Chemical Company
  •  Novamont
  •  Corbion
  •  Solvay
  •  Toray
  •  Braskem
  •  NatureWorks, LLC
  •  Royal DSM N.V