Bio PE Pouches Market: Global Industry Analysis and Forecast (2022-2029)

Bio PE Pouches Market size was valued at US$ 1.4 Bn. in 2021 and the total revenue is expected to grow at 4.5% through 2022 to 2029, reaching nearly US$ 1.99 Bn.
Bio PE Pouches Market Overview:
Bio PE Pouches Market is studied by segments like Type (Hot Fill, Cold Fill, Ambient Fill), Application (Personal Care, Food and Beverages, Consumer Goods, Others) and Region (North America, Europe, Asia-Pacific, and Rest of the World). The report consists of the Trend, Forecast, Competitive Analysis, and Growth Opportunities of the market.

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COVID-19 Impact on Bio PE Pouches Market
COVID-19 virus has spread to practically every country across the globe since its outbreak in December 2021, prompting the World Health Organization to declare it a public health emergency. The global effects of the coronavirus disease or COVID-19 are already being felt, and the Bio PE Pouches market will be considerably impacted in 2021. Flight cancellations, travel bans, and quarantines; all indoor/outdoor events restricted; restaurants closed; over forty countries declared states of emergency; massive supply chain slowdown; stock market volatility; growing panic among the population, falling business confidence, and uncertainty about the future have all been impacted by the COVID-19 outbreak.

During the lockdown, demand for numerous bio plastic pouch types soared, creating more need in the future. The epidemic has also increased the usage of single-use plastics in pouches, resulting in increased market demand. Because of the pandemic's safety concerns, consumer behavior has shifted. Consumers currently choose to buy pre-packaged food and beverages over dining out. The pandemic has also had a positive impact on e-commerce. Consumers are preferring shopping online for products over buying from brick-and-mortar stores, which is preferable for buying a small quantity of products or getting them quickly. Furthermore, due to hygiene concerns, consumers are purchasing one-time useable plastic pouches. The expansion of flexible plastic pouches can be linked to a rapid growth for FMCG products as a result of the pandemic.
Bio PE Pouches Market Dynamics:
The increasing demand for packaged food and beverage, cost effectiveness, increasing requirement for the packaged industry, especially ready to eat food and beverages, growing interest in cosmetic packaging having a sleek, beautiful and a modern look, and the surging inclination towards sustainable packaging are some of the other factors driving the market growth.

The government's increased attempts to reduce global warming are expected to boost bio PE pouches market growth. The growing desire to reduce dependency on fossil fuels, combined with the widespread availability of bio-based raw materials, is projected to drive bio PE pouches market growth. Furthermore, evolving consumer preferences toward non-petroleum-based plastics is expected to boost plastic demand over the projection period.

The bio PE pouches market is expected to develop due to rising demand for green products, a healthier lifestyle, and environmental sustainability. Bio PE pouches' demand is being driven by rising demand for organic-based materials for food packaging. Furthermore, consumers are willing to pay a premium for environmentally friendly packaging in order to lessen their carbon footprint. As a result, rising demand for green products is likely to boost bio PE pouches growth.

Increased investment in bio PE pouches production is likely to provide profitable potential for the market. For example, Stora Enso said in January 2021 that it will invest US$ 10 million in an experimental plant to enable the manufacturing of bio-based plastics like a barrier in transparent packaging. The new facility will convert plant-based sugars into renewable building blocks needed to create bio PE pouches, a bio-based plastic aimed primarily at the food and beverage industry.

In the foreseeable future, an increasing prohibition on single-use plastic, particularly in Europe and North America, is expected to provide significant economic prospects. For example, the European Council enacted a law in March 2021 that will ban the single-use plastic by 2021. The 'Single-Use Plastics Directive' gives plastic makers additional responsibility and sets new recycling goals for EU member states. Plastic bottles must also contain at least 30% recycled material before 2030 and around 25% recycled content by 2029, according to the regulation.

A prominent trend in the market is the formation of partnerships and agreements between manufacturers in order to grow their worldwide corporate presence. Neste and Covestro, for example, announced a strategic partnership in Europe in May 2021 to promote the application of sustainable raw materials in packaging and plastics production. Covestro will be supplied with renewable material for the manufacturing of polycarbonates from Neste's renewable hydrocarbons as part of this agreement.

The demand for bio PE pouches is being influenced by the high price of bioplastic due to high production costs. The market's growth is also projected to be hampered by bio PE pouches restricted performance across the forecast period.

The market for bio PE pouches is projected to be hampered by a lack of awareness among developing-region customers. Over the projected period, this is expected to slow the growth of the bio PE pouches market.

Thus, some factors, such as the availability of substitutes and skepticism among consumers, may limit market growth throughout the expansion era. Despite these challenges, the Bio PE pouches market is predicted to lead, with emerging marketplaces providing appealing opportunities to the packaging industry especially in the Bio PE pouches market, which will function as a growth opportunity.
Bio PE Pouches Market Segment Analysis:
Based on Type, the bio PE pouches market is classified into Hot Fill, Cold Fill and Ambient Fill.
When co-packing acidic food products, hot filling is used. Hot filling has the highest share in the type segment of the bio PE pouches market. Sodas, vinegar, sports drinks, vinegar-based sauces, and juices are examples of foods that perform well for hot fill. Glass, cardboard, and some (but not all) plastics are among the containers that function well with the hot-fill technique.

Based on Application, the bio PE pouches market is classified Personal Care, Food and Beverages, Consumer Goods and Others. The food application sector has the majority of the market share. Bio PE p ouches are an ideal packaging alternative for food packaging items due to their adaptability and low weight, as well as the protection they provide against contaminants, resulting in a substantial market share. Increased health awareness and rising per capita income have led in increased demand for packaged foods and beverages, which boosts pouch demand. According to ASSOCHAM, that is The Associated Chambers of Commerce and Industry of India, packaged food yearly spending in India increased by 33.5 percent annually from 2021 to 2029. The Growing westernization, as well as rising living standards and a preference for convenience foods, all contribute to increased demand. Growing westernization, as well as rising standards of living and a desire for convenience foods, all contribute to a growth in packaged food product demand. The need for bio PE pouches is driven by the increase in packaged food demand.
Bio PE Pouches Market Regional Insights:
Europe maintains its position as a core hub for the global Bio PE pouch business, ranking first in research and development and having the largest market in the globe. Europe now accounts for one-fourth of total Bio PE pouch production capacity.

During the projection period, the APAC region is expected to become the largest market with the highest CAGR. APAC's growth is fueled by rising disposable income in nations like China and India, a growing middle-class population, increased demand for packaged foods, and the expansion of the food and beverage industry. Furthermore, the APAC bio PE pouches market is growing due to increased consumer spending and packaging material manufacture in rising economies such as China and India. During the forecast period, China is expected to be the world's fastest-growing market. This is due to the country's population increase, as well as the abundant availability of packaging materials and technical advancement. This has a direct impact on the market for bio PE pouches in the APAC region.

To understand the Bio PE Pouches industry and study the market trends. Focusing on the regional market and other segmentations, knowing the drivers and challenges of the same.

Understanding the market segment geographically to gauge the growth potential.

The report includes analytical models like the Porter’s Five Forces, which helps in understanding the operating environment of the competition in the Bio PE Pouches Market and thereby study the stakeholders to derive an efficient strategy; and PESTLE Analysis to gain a macro perspective of the Bio PE Pouches Industry in terms of political aspects like Government stability, policies, trade regulation and economic aspects like market trends, taxes and inflation. It also provides the effect of environmental factors and influence of social and legal aspects on the Bio PE Pouches Market.
Bio PE Pouches Market Scope: Inquiry Before Buying



Bio PE Pouches Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 1.4 Bn.


Forecast Period 2022 to 2029 CAGR:
4.5%
Market Size in 2029:
US $ 1.99 Bn.


 Segments Covered:
by Type
• Hot Fill
• Cold Fill
• Ambient Fill


by Application
• Personal Care
• Food & Beverages
• Consumer Goods
• Others



Bio PE Pouches Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Bio PE Pouches Market, Key Players are:
• Amcor (Switzerland)
• Sirane (UK)
• Cardia Bioplastics (Australia)
• Gualapack (Italy)
• Tekpak Solutions (Canada)
• Braskem (Brazil)
• Swisspack India (India)
• Huhtamaki (Finland)
• Constantia (Austria)
• Smurfit Kappa (Ireland)
• Mondi (UK)
• Berry Global Inc. (US)
• Sonoco Products Company (US)
• Sealed Air (US)
• Coveris (UK)
• Korozo A.S. (Turkey)

Frequently Asked Questions:

1] What segments are covered in the Bio PE Pouches Market report?
Ans. The segments of Application, Type and Region are covered in the Bio PE Pouches Market report.

2] Which Region is expected to hold the highest share in the Bio PE Pouches Market?
Ans. The Europe region is expected to hold the highest share in the Bio PE Pouches Market.

3] What is the market size of the Bio PE Pouches Market by 2029?
Ans. The market size of the Bio PE Pouches Market is expected to reach 1.99 Bn by 2029.

4] What is the forecast period for the Bio PE Pouches Market?
Ans. The forecast period for the Bio PE Pouches Market is 2022-2029.

5] What was the market size of the Bio PE Pouches Market in 2021?
Ans. The market size of the Bio PE Pouches Market in 2021 was 1.4 Bn.