Global Green And Bio Based Plastic Packaging Additives Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 2.56 Billion |
 Market Size (Forecast Year) |
USD 3.84 Billion |
 CAGR |
% |
| Major Markets Players |
|
Global Green and Bio-based Plastic Packaging Additives Market Segmentation, By Functionality Type (Plasticizers, Antimicrobial Agents, Antistatic Agents, Flame-Retardants, Stabilizers, Reinforcing Agents, and Others), Applications (Packaging, Electronics, Medical Devices, Textiles, Consumer Goods, and Others) – Industry Trends and Forecast to 2031.
Green and Bio-based Plastic Packaging Additives Market Analysis
Green and bio-based plastic packaging additives are driving market growth through advancements in sustainable materials and production technologies. Innovations include bio-resins and compostable additives, enhancing environmental benefits. Companies are investing in research for improved performance and cost-efficiency. The market is expanding due to rising eco-conscious consumer demand and stricter regulations on plastic waste, offering substantial growth opportunities.
Green and Bio-based Plastic Packaging Additives Market Size
The global green and bio-based plastic packaging additives market size was valued at USD 2.56 billion in 2023 and is projected to reach USD 3.84 billion by 2031, with a CAGR of 5.20% 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 Billion, Volumes in Units, Pricing in USD |
|
Segments Covered |
Functionality Type (Plasticizers, Antimicrobial Agents, Antistatic Agents, Flame-Retardants, Stabilizers, Reinforcing Agents, and Others), Applications (Packaging, Electronics, Medical Devices, Textiles, Consumer Goods, 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 |
Amcor plc (Australia), Honeywell International Inc. (U.S.), ProAmpac (U.S.), Mondi (U.K.), Berry Global Inc. (U.S.), Tetra Pak International S.A. (Sweden), Sonoco Products Company (U.S.), Sealed Air (U.S.), Coveris (U.K.), ALPLA (Austria), Huhtamäki Oyj (Finland), WINPAK LTD. (Canada), DS Smith (U.K.), Ball Corporation (U.S.), and Tetra Laval International S.A. (Switzerland) |
|
Market Opportunities |
|
Green and Bio-based Plastic Packaging Additives Market Analysis Market Definition
Green and bio-based plastic packaging additives are sustainable materials used to enhance the performance and eco-friendliness of packaging. They include additives derived from renewable resources or designed to improve biodegradability. These additives can reduce plastic waste, improve recycling processes, and lower the environmental impact of plastic products, contributing to a more sustainable packaging industry.
Green and Bio-based Plastic Packaging Additives Market Dynamics
Drivers
- Growth in Organic and Natural Products Market
The growth in the organic and natural products market drives the demand for eco-friendly packaging solutions. As consumers increasingly seek organic items, companies require sustainable packaging to align with their eco-conscious brand image. For instance, brands such as Unilever and Nestlé are adopting bio-based additives in their packaging to cater to this market shift, thus boosting the green and bio-based plastic packaging additives market.
- Consumer Preference for Eco-Friendly Products
Increased consumer preference for eco-friendly products drives demand for bio-based packaging additives. For instance, brands such as Unilever and Coca-Cola are investing in sustainable packaging to align with consumer values and reduce environmental impact. This shift is fueled by growing awareness of plastic pollution and a desire for greener alternatives. As consumers increasingly choose products with minimal environmental impact, companies are compelled to adopt bio-based packaging solutions, driving market growth.
Opportunities
- Advancements in Technology
Advancements in additive manufacturing, such as 3D printing technology, enhance the efficiency and performance of bio-based packaging solutions by enabling precise control over material use and reducing waste. For instance, new biodegradable polymer formulations developed using these technologies offer improved strength and flexibility, making them suitable for a wider range of packaging applications. This drives market growth by providing more effective and adaptable eco-friendly packaging options.
- Improved Biodegradability
Improved biodegradability in bioplastics creates significant market opportunities. Enhanced bioplastics, such as those made from polylactic acid (PLA), decompose more quickly in natural environments compared to traditional plastics. For instance, NatureWorks' Ingeo bioplastic offers a compostable solution for food packaging, addressing both environmental concerns and regulatory requirements. This advancement attracts companies seeking sustainable packaging options and drives growth in the green and bio-based additives market.
Restraints/Challenges
- High Production Costs
High production costs for green and bio-based additives often make final products more expensive than those with conventional additives. This cost disparity can limit the competitiveness of bio-based packaging solutions in the market. The higher prices may deter manufacturers and consumers from adopting these additives, hindering market growth and adoption. Consequently, the increased costs pose a significant challenge to the widespread use of green and bio-based packaging solutions.
- Limited Availability of Raw Materials
Limited availability of bio-based raw materials hinders the green and bio-based plastic packaging additives market. Inconsistent sourcing of these materials can disrupt the supply chain, leading to shortages and production delays. This scarcity affects the availability and reliability of additives, causing challenges in meeting market demand and maintaining product consistency. The variability in raw material supply impedes the growth and stability of the market.
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.
Recent Developments
- In September 2023, BASF SE unveiled the first-ever biomass balance offerings in the plastic additives sector. Key products, such as Irganox 1076 FD BMBcert and Irganox 1010 BMBcert, received TÜV Nord certification for mass balance compliance with ISCC PLUS standards. These innovations support the shift from fossil to renewable feedstocks, helping customers achieve sustainability goals
Green and Bio-based Plastic Packaging Additives Market Scope
The market is segmented on the basis of functionality type and applications. 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.
Functionality Type
- Plasticizers
- Antimicrobial Agents
- Antistatic Agents
- Flame-Retardants
- Stabilizers
- Reinforcing Agents
- Others
Applications
- Packaging
- Electronics
- Medical Devices
- Textiles
- Consumer Goods
- Others
Green and Bio-based Plastic Packaging Additives Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by country, functionality type and applications 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
North America is expected to dominate the green and bio-based plastic packaging additives market due to rising demand for eco-friendly plastics and stringent regulations on conventional plastics. Key sectors driving this growth include bio based food packaging, bottles, and storage solutions. Enhanced regulatory measures and consumer preferences for sustainable products further support this trend.
Asia-Pacific is expected to show significant growth in the green and bio-based plastic packaging additives market due to constant investments in advancing food processing plants and electronics. This region's focus on sustainable solutions and eco-friendly technologies is driving the adoption of green additives, enhancing market expansion and innovation.
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.
Competitive Landscape and Green and Bio-based Plastic Packaging Additives Market Share Analysis
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:
- Amcor plc (Australia)
- Honeywell International Inc. (U.S.)
- ProAmpac (U.S.)
- Mondi (U.K.)
- Berry Global Inc. (U.S.)
- Tetra Pak International S.A. (Sweden)
- Sonoco Products Company (U.S.)
- Sealed Air (U.S.)
- Coveris (U.K.)
- ALPLA (Austria)
- Huhtamäki Oyj (Finland)
- WINPAK LTD. (Canada)
- DS Smith (U.K.)
- Ball Corporation (U.S.)
- Tetra Laval International S.A. (Switzerland)
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.
