The US bioplastic packaging market is projected to grow at a significant CAGR during the forecast period (2020-2026). The growth of the bioplastic packaging industry is primarily driven by the rapid growth in end-user industries such as food & beverage, pharmaceutical, personal care, and others. The players in these industries have shifted their preferences of packaging products from non-biodegradable to biodegradable bio-based products owing to the rising environmental concerns. Besides, government initiatives and laws that ban the use of single-use non-biodegradable plastics and increased focus on green procurement policies and regulations also enhances the growth of the US bioplastic packaging market.
The US biosimilar market is segmented on the basis of type, packaging type, and end-user industry. Based on the type, the market has been segmented as biodegradable plastics and non- biodegradable plastics. The biodegradable plastics segment is further sectioned as starch-based, polylactic acid (PLA), polyhydroxyalkanoates (PHA), polyester, and cellulose derivatives. The non-biodegradable plastics segment is further sectioned as bio-polyethylene terephthalate (PET), bio-polyethylene, bio-polyamides, bio-poly trimethylene terephthalate, and other non-biodegradable plastics. Based on the packaging type, the market is segmented as rigid packaging and flexible packaging. Based on the end-user industry, the market is segmented as food & beverage, pharmaceutical, personal care, and others.
Further, BASE SE, Mitsubishi Chemical Corp., The Dow Chemical Co., Koninklijke DSM N.V., Toray Industries Inc., Eastman Chemical Co., and NatureWorks LLC are some of the prominent players operating in the US Bioplastic Packaging market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market.
US Bioplastic Packaging Market by Type
· Polylactic Acid (PLA)
· Polyhydroxyalkanoates (PHA)
· Cellulose Derivatives
· Bio-polyethylene Terephthalate (PET)
· Bio-Polytrimethylene Terephthalate
· Other Non-biodegradable Plastics
US Bioplastic Packaging Market by Packaging Type
· Rigid Packaging
· Flexible Packaging
US Bioplastic Packaging Market by End-User Industry
· Food & Beverage
· Personal Care
· Arkema SA in the US
· Arkema SA in Bioplastic Packaging Landscape
· Recent Developments
· BASF SE
· Corbion N.V.
· DaniMer Scientific LLC
· Eastman Chemical Co.
· Koninklijke DSM N.V.
· Mitsubishi Chemical Corp.
· Mondi PLC
· NatureWorks LLC
· Plastic Suppliers Inc.
· The Dow Chemical Co.
· Toray Industries Inc.
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