Used in various industrial and consumer products offering longer shelf life and ecofriendliness
Market Overview
Provides advantages of costeffectiveness and environmental sustainability
Significant shift from rigid packaging to flexible packaging, especially in food industry
Growing adoption driven by increasing consumer awareness and regulations
Market Value & Growth Projections
Value & Growth Projections
2023: USD 1,432 million 2032 (Projected): USD 2,610.61 million CAGR: 6.90%
Key Market Drivers:
Increasing consumer awareness about environmental sustainability Stringent government regulations promoting eco-friendly packaging
Growing preference for flexible over rigid packaging
Rising demand in food and beverage
Market Segmentation
By Type
By Application
PLA (Polylactic Acid)
Starch
PBS (Polybutylene Succinate)
PHA (Polyhydroxyalkanoates) Others
Rigid Packaging
Flexible Packaging
Liquid Packaging
Others
NatureWorks
Key Market Players
Regional Market Analysis
North America: USD 418.58 million in 2023, CAGR of 5.91% (2025-2032)
Europe: Key markets include Germany, UK, and France with emphasis on sustainable packaging
Asia-Pacific: Rapid growth in China, Japan, and India driven by environmental awareness
Middle East & Africa: Growing adoption in Saudi Arabia and UAE focusing on ecofriendly alternatives
South & Central America: Increasing popularity in Brazil and Argentina with shift toward sustainability
