Global Bioplastic Multi Layer Films Market
Market Size in USD Billion
CAGR : %
Forecast Period |
2024 –2031 |
Market Size (Base Year) |
USD 188.37 Million |
Market Size (Forecast Year) |
USD 343.53 Million |
CAGR |
|
Major Markets Players |
|
Global Bioplastic Multi-Layer Films Market for Compostable Food Service Packaging, By Material (Starch Blends, Polybutylene Adipate Terephthalate, Polylactic Acid, PBS and Others), End-Use Packaging (Pouches and Sachets, Clamshell, Cups, Trays and Others), End-User (Chain Restaurants, Non-Chain Restaurants, Chain Café, Non-Chain Café, Delivery Catering, Independent Sellers and Kiosks, and Others) – Industry Trends and Forecast to 2031.
Bioplastic Multi-Layer Films Market for Compostable Food Service Packaging Analysis
Bioplastic multi-layer films market is advancing with innovations such as enhanced barrier properties and biodegradable materials. Recent developments include the use of polylactic acid (PLA) and polyhydroxyalkanoates (PHA) for improved sustainability. Technologies such as co-extrusion and nano-coating are driving growth. The market is expanding due to rising demand for eco-friendly packaging solutions and regulatory support for sustainable materials.
Bioplastic Multi-Layer Films Market for Compostable Food Service Packaging Size
The global global bioplastic multi-layer films market for compostable food service packaging market size was valued at USD 188.37 million in 2023 and is projected to reach USD 343.53 million by 2031, with a CAGR of 7.8% during the forecast period of 2024 to 2031. 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.
Report Scope and Market Segmentation
Report Metric |
Details |
Forecast Period |
2024 to 2031 |
Base Year |
2023 |
Historic Years |
2022 (Customizable to 2016 - 2021) |
Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered |
Material (Starch Blends, Polybutylene Adipate Terephthalate, Polylactic Acid, PBS and Others), End-Use Packaging (Pouches and Sachets, Clamshell, Cups, Trays and Others), End-User (Chain Restaurants, Non-Chain Restaurants, Chain Café, Non-Chain Café, Delivery Catering, Independent Sellers and Kiosks, and Others) |
Countries Covered |
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 |
Market Players Covered |
BASF SE (Germany), TIPA LTD (Israel), Biome Bioplastics (A subsidiary of Biome Technologies plc) (U.K.), BioBag International AS (U.S.), Convex Innovative Packaging (New Zealand), Transcontinental Inc. (Canada), and Parkside Flexibles Ltd (U.K.) |
Market Opportunities |
|
Bioplastic Multi-Layer Films Market for Compostable Food Service Packaging Definition
Bioplastic multi-layer films are packaging materials made from biodegradable plastics that consist of multiple layers. These films combine different bioplastics to enhance properties such as strength, barrier performance, and flexibility. They are used for food packaging, reducing environmental impact compared to traditional plastics, and offering a more sustainable alternative with improved protection and durability.
Global Bioplastic Multi-Layer Films Market for Compostable Food Service Packaging Dynamics
Drivers
- Growth in Food and Beverage Sector
The growth in the food and beverage sector significantly drives the bioplastic multi-layer films market. As demand for packaging that extends shelf life and maintains product freshness rises, bioplastic films offer enhanced protective qualities, such as superior barrier properties against moisture and oxygen. For instance, companies such as Danone are adopting bioplastic films for yogurt packaging, aligning with sustainability goals while meeting consumer expectations for eco-friendly solutions.
- Rising Organic and Natural Product Market
The rising organic and natural products market fuels demand for bioplastic multi-layer films, which align with the eco-friendly ethos of these products. For instance, organic food brands are increasingly choosing bioplastic films for packaging to appeal to environmentally conscious consumers and meet sustainability goals. This trend boosts market demand as bioplastic films offer a greener alternative to traditional plastics, supporting the growth of the organic product sector.
Opportunities
- Advancements in Bioplastic Technologies
Advancements in bioplastic technologies create significant market opportunities by improving material performance and production efficiency. Innovations such as the development of high-barrier bioplastics and improved extrusion techniques enhance the functionality of multi-layer films. For instance, new bioplastic formulations offer superior oxygen and moisture barriers, making them suitable for sensitive food packaging. These advancements increase the attractiveness of bioplastic films to manufacturers seeking sustainable and high-performance packaging solutions.
- Rising Consumer Demand for Sustainable Packaging
Rising consumer preference for sustainable packaging creates a significant opportunity for the bioplastic multi-layer films market. For instance, brands such as Unilever and Nestlé are increasingly using bioplastic films to align with eco-conscious consumer values and reduce their environmental footprint. This trend highlights a growing market potential as companies seek to meet consumer demand for greener packaging solutions, thereby expanding the adoption of bioplastic multi-layer films.
Restraints/Challenges
- High Production Costs
High production costs are a significant restraint for the bioplastic multi-layer films market. The use of costly raw materials and intricate manufacturing processes results in elevated expenses compared to conventional plastics. This makes bioplastic films less economically viable for widespread adoption and limits their market growth, as companies and consumers may be deterred by the higher price point, impacting overall market penetration and acceptance.
- Limited Raw Material Availability
Limited raw material availability for bioplastics, including plant-based sources, can constrain supply chains and escalate costs. This scarcity of essential resources impacts production capacity and efficiency, making bioplastic multi-layer films more expensive compared to traditional plastics. The restricted availability of raw materials can lead to higher production costs and supply chain disruptions, ultimately hindering market growth and adoption.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Latest Developments in Bioplastic Multi-Layer Films Market for Compostable Food Service Packaging
- In June 2022, BASF SE and Confoil, an Australian food packaging manufacturer, teamed up to create a certified compostable, dual oven-able paper tray. Designed for ready-to-eat meals, these trays are organically recyclable and can be composted with organic waste, enhancing BASF's market presence in Australia
- In November 2021, Transcontinental Inc. acquired H.S. Crocker Co., Inc., a prominent producer of die-cut lids and pharmaceutical labels in North America. This strategic acquisition aims to enhance Transcontinental’s packaging solutions portfolio, focusing on dairy, coffee lids, and shelf-stable desserts, while opening new cross-selling opportunities
Bioplastic Multi-Layer Films Market for Compostable Food Service Packaging Market Scope
The market is segmented on the basis of material, end-use packaging and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Starch Blends
- Polybutylene Adipate Terephthalate
- Polylactic Acid
- PBS
- Others
End-Use Packaging
- Pouches and Sachets
- Clamshell
- Cups
- Trays
- Others
End-User
- Chain Restaurants
- Non-Chain Restaurants
- Chain Café
- Non-Chain Café
- Delivery Catering
- Independent Sellers and Kiosks
- Others
Bioplastic Multi-Layer Films Market for Compostable Food Service Packaging Regional Analysis
The market is analyzed and market size insights and trends are provided by country, material, end-use packaging and end-user as referenced above.
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
The Asia-Pacific region is projected to grow rapidly and lead the market due to its fast-growing economies. It has surpassed Europe to become the largest consumer and producer of bioplastic packaging films. While Europe shows modest growth, Asia-Pacific continues to dominate with robust expansion in both consumption and production capacity.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Global Bioplastic Multi-Layer Films Market for Compostable Food Service Packaging Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- BASF SE (Germany)
- TIPA LTD (Israel)
- Biome Bioplastics (A subsidiary of Biome Technologies plc) (U.K.)
- BioBag International AS (U.S.)
- Convex Innovative Packaging (New Zealand)
- Transcontinental Inc. (Canada)
- Parkside Flexibles Ltd (U.K.)
SKU-
Get online access to the report on the World's First Market Intelligence Cloud
- Interactive Data Analysis Dashboard
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
- Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.