The Global Bio-Polyethylene Market size is estimated to grow at a CAGR of around 19% during the forecast period, i.e., 2024-30.
Global Bio-Polyethylene Market Driver:
The Growing Demand for Sustainable Packaging in the Food and Beverage Sector to Drive Market Growth – The growing population and urbanization have significantly increased the demand for packaged food and beverage products across the globe. Moreover, the rising middle class in developing countries has further surged the adoption of convenience food products packaged in various polyethylene materials. However, the surging sustainability and environmental awareness among consumers across the globe are creating demand for bio-based packaging solutions in the food and beverage sector to avoid the contact of food products with harmful single-use plastics. Moreover, heightened environmental consciousness among consumers has led to a preference for packaging that minimizes waste and reduces carbon footprints. Additionally, regulatory measures aimed at curbing single-use plastics have incentivized companies to explore eco-friendly alternatives. For Instance,
- In 2022, Pepsico Europe announced the use of bio-based plastics for the packaging of its food products, such as chips, crisps, etc.
Furthermore, e-commerce and home delivery services have amplified concerns about excessive packaging waste, prompting the industry to seek out more sustainable packaging options. As a result, there is a growing shift towards bio-polyethylene packaging for various food and beverage products, ranging from bottles and containers to films and wraps. This surge in demand underscores the pivotal role of bio-polyethylene in addressing sustainability challenges within the food and beverage industry while meeting consumer preferences for eco-friendly packaging options, proliferating the growth & expansion of the Global Bio-Polyethylene Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Bio-Polyethylene Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Type
- HDPE (High-Density Polyethylene)- Market Size & Forecast 2019-2030F (Thousand Tons)
- LDPE (Low-Density Polyethylene)- Market Size & Forecast 2019-2030F (Thousand Tons)
- LLDPE (Linear Low-Density Polyethylene) – Market Size & Forecast 2019-2030F (Thousand Tons)
- By Raw Material
- Sugarcane- Market Size & Forecast 2019-2030F (Thousand Tons)
- Sugarbeet- Market Size & Forecast 2019-2030F (Thousand Tons)
- Corn- Market Size & Forecast 2019-2030F (Thousand Tons)
- Other Biomass (Cellulose, Algae, etc.) – Market Size & Forecast 2019-2030F (Thousand Tons)
- By End User
- Food and Beverages- Market Size & Forecast 2019-2030F (Thousand Tons)
- Agriculture & Animal Feed- Market Size & Forecast 2019-2030F (Thousand Tons)
- Cosmetics & Personal Care- Market Size & Forecast 2019-2030F (Thousand Tons)
- Textile – Market Size & Forecast 2019-2030F (Thousand Tons)
- Others (Pharmaceuticals, Construction, etc.)- Market Size & Forecast 2019-2030F (Thousand Tons)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – SABIC, Barskem S.A., LyondellBasell Industries N.V., FKuR Kunststoff GmbH, New Energy Blue, Toyota Tsusho Pvt. Ltd., Avery Dennison, Novamont S.P.A., Biome Bioplastics, Iwatani Corporation, Danimer Scientific, and others
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