MRO Magazine

Shift to Eco-Friendly Packaging Will Positively Impact the Global Bioplastic Packaging Material Market by 2019: Technavio

March 24, 2015
By Business Wire News


The Global Bioplastic Packaging Material Market is expected to grow at a CAGR of 23.75 and 22.52 percent, in terms of revenue and volume, respectively, from 2015-2019, says research firm Technavio.

About the Report

Growing environmental concerns and the need to reduce pollution have led to an increased emphasis on the use of recyclable and biodegradable materials for packaging, especially the use of plastic resins derived from renewable resources.

Bioplastic packaging products are considered more sustainable than conventional plastic packaging products as they consume fewer natural resources, and help lessen our dependence on dwindling fossil fuel supplies.

“To increase the focus on sustainability, several manufacturers are adopting bio-based packaging solutions that offer viable alternatives for chemicals and conventional plastics,” says Faisal Ghaus, Vice President of Technavio.

The latest report by Technavio also draws attention towards the increased use of bioplastic packaging solutions that is gaining importance in emerging regions like the APAC region and South America because of the increased demand for effective, advanced and eco-friendly packaging.

“Markets in several countries in the APAC region like China and India are expected to witness fast growth at a higher CAGR in the coming years,” says Ghaus.

Key Information Covered in the Report:

  • Market segmentation, size and forecast through 2019
  • Market Growth Drivers:
    • Increased Need for Eco-friendly Packaging
    • For a full detailed list, view our report.
  • Market Challenges:
  • Market Trends:
    • Demand from Emerging Countries
    • For a full detailed list, view our report.
  • Key Vendors:
    • Arkema Inc.
    • BASF SE
    • Braskem SA
    • NatureWorks LLC
    • Novamont SpA
  • Other Prominent Vendors:
    • Albis Plastics
    • Bayer MaterialScience
    • Biopearls
    • Cardia Bioplastics (Biograde)

Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the packaging materials market:

If you are interested in more information, please contact our media team at

Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive