Starch blends are the most popular material used in bioplastic multi-layer films for compostable food service packaging. Starch blends are a type of bioplastic that is made from a mixture of starch and other materials, such as cellulose and proteins. They are a biodegradable and compostable material, making them a good choice for food service packaging. Starch blends are also relatively inexpensive to produce, which makes them a cost-effective option for businesses. The popularity of starch blends in the bioplastic multi-layer films market for compostable food service packaging is due to a number of factors, including their biodegradability, composability, and cost-effectiveness.
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Data Bridge Market Research analyses that the Global Bioplastic Multi-Layer Films Market for Compostable Food Service Packaging will grow at a CAGR of 7.80% in the forecast period of 2022 to 2029 and is expected to reach USD 295,619.75 thousand by 2029 from USD 162,097.93 thousand in 2021. There have been significant technological advancements in the production of bioplastic multi-layer films in recent years. These advancements have made bioplastic multi-layer films more affordable and accessible, which is driving growth in the market. Major players in the plastics industry are increasingly investing in bioplastic multi-layer films. This is providing the market with the resources it needs to grow and expand.
Growing awareness about the environmental impact of plastics is expected to drive the market's growth rate
As people become more aware of the environmental impact of plastics, there is a growing demand for sustainable alternatives. Bioplastic multi-layer films are a more sustainable option than traditional plastics because they are made from renewable resources and can be composted. Governments around the world are increasingly regulating the use of plastics and providing incentives for the use of sustainable alternatives. This is creating a favorable environment for the growth of the bioplastic multi-layer films market. The foodservice industry is one of the largest consumers of plastics. As the demand for sustainable foodservice packaging solutions grows, bioplastic multi-layer films are expected to see increased demand from this industry. Bioplastic multi-layer films are a versatile material that can be used in a wide variety of applications, including foodservice packaging, food packaging, and electronics. As the demand for bioplastic multi-layer films in these applications grows, the market is expected to expand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Starch Blends, Polybutylene Adipate Terephthalate, Polylactic Acid, PBS and Others), End-Use Packaging (Pouches & Sachets, Clamshell, Cups, Trays and Others), End-User (Chain Restaurants, Non-Chain Restaurants, Chain Café, Non-Chain Café, Delivery Catering, Independent Sellers & Kiosks, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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BASF SE (Germany), TIPA LTD (Israel), Biome Bioplastics (A subsidiary of Biome Technologies plc) (U.K.), BioBag International AS. (Norway), Convex Innovative Packaging (New Zealand), Transcontinental Inc. (Canada), and Parkside Flexibles Ltd (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
The bioplastic multi-layer films market for compostable food service packaging market is segmented on the basis of material, end-use packaging and end-user.
- On the basis of material, the global bioplastic multi-layer films market for compostable food service packaging is segmented into five segments, namely starch blends, polybutylene adipate terephthalate, polylactic acid, PBS, and others.
Starch blends segment of material segment is anticipated to dominate the bioplastic multi-layer films market for compostable food service packaging market
The starch blends segment is expected to dominate the global bioplastic multi-layer films market for compostable food service packaging with a 31.92% market share due to its high biocompatibility, good film-forming and abundant supply, low cost, complete biodegradation properties. It is highly degradable, this means it can be used along with a compostable polymer without any interfering with the degradation process.
- On the basis of end-use packaging, the global bioplastic multi-layer films market for compostable food service packaging is segmented into five segments, namely pouches and sachets, clamshell, cups, trays, and others.
Pouches and sachets segment is projected to hold the largest share of end-use packaging segment in the bioplastic multi-layer films market for compostable food service packaging market
The pouches and sachets segment is expected to dominate the global bioplastic multi-layer films market for compostable food service packaging with a 32.64% market share because these packaging products are highly efficient and low-cost food packaging materials that helps in replacing the tin-can packaging material. These pouches and sachets are lighter and easier to open and are used for practically all food products.
- On the basis of end-user, the global bioplastic multi-layer films market for compostable food service packaging is classified into seven segments, namely chain restaurants, non-chain restaurants, chain café, non-chain café, delivery catering, independent sellers and kiosks, and others. Delivery catering segment is expected to dominate the global bioplastic multi-layer films market for compostable food service packaging with a 32.55% market share due to more and more online delivery orders and growing adoption of food catering services for various functions. Thus in this regards, bioplastic multi-layer films are widely used for this purpose.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players: BASF SE (Germany), Futerro (Belgium), NatureWorks LLC (U.S.), TotalEnergies Corbion (Thailand), Sulzer Ltd (Switzerland), Mitsubishi Chemical Corporation (Japan), TORAY INDUSTRIES, INC. (Japan), Merck KGaA (Germany), Musashino Chemical Laboratory, Ltd. (Japan), Evonik Industries AG (Germany), Polyvel Inc. (U.S.), UNITIKA LTD. (Japan), Jiangxi Academy of Sciences Biological New Materials Co., Ltd. (China), Shanghai Tong-jie-liang Biomaterials Co., Ltd. (China), Zhejiang Hisun Biomaterials Co., Ltd. (China), and Radici Partecipazioni SpA (Italy).
Market Development
- In 2022, Confoil, an Australian food packaging manufacturer, and BASF SE, a German chemical company, collaborated to produce dual oven-able paper trays and a certified compostable for ready-to-eat packaging meals. The trays are made from a combination of paper and compostable polymers, and they can be heated in the oven without releasing any harmful chemicals. They can also be composted with organic waste, which means that they are a more sustainable option than traditional plastic packaging. This collaboration is a significant step forward for Confoil, as it allows the company to offer a more sustainable packaging solution to its customers. It is also a sign of the growing demand for compostable packaging in the Australian market.
- In 2022, Transcontinental Inc., a Canadian packaging company, declared the acquisition of Banaplast S.A.S., an Armenia-based flexible packaging company. Banaplast is a leading manufacturer of agro-mulches and banana tree bags, and its acquisition will allow Transcontinental to expand its offerings in these areas. It will also allow Transcontinental to expand its operations in Guatemala, Costa Rica, Ecuador, and Mexico. This acquisition is a strategic move for Transcontinental, as it allows the company to enter new markets and grow its business in the agro-industrial sector.
- In 2021, WPO Polymers, a Spanish packaging company, and BASF SE, a German chemical company, collaborated to distribute ecovio film product range in Spain and Portugal. Ecovio is a compostable film that is made from a combination of biopolymers and traditional plastics. It is used to make a variety of packaging products, including organic waste bags, certified compostable shopping bags, and fruit and vegetable bags. This collaboration will allow WPO Polymers to offer a more sustainable packaging solution to its customers in Spain and Portugal. It is also a sign of the growing demand for compostable packaging in these markets.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is the dominant region in the bioplastic multi-layer films market for compostable food service packaging market during the forecast period 2022-2029
North America is the largest market. This is due to the strong demand from the foodservice industry in the region. The foodservice industry in North America is one of the most developed in the world, and there is a growing demand for sustainable packaging solutions. Bioplastic multi-layer films are a good fit for this market because they are a biodegradable plastic that can be used to make a wide variety of packaging products, including bags, bottles, and containers.
Asia-Pacific is estimated to be the fastest-growing region in the bioplastic multi-layer films market for compostable food service packaging market in the forecast period 2022-2029
Asia-Pacific is the fastest growing market. This is due to the strong demand from the electronics industry in the region. The electronics industry in Asia-Pacific is seeing increasing demand for bioplastic-based electronics products, such as cases, covers, and components. Some of the major players in Asia-Pacific include Teijin, Mitsubishi Chemical, and Futerro.
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