The global BPA free plastic market size was valued at $187.3 billion in 2021, and is projected to reach $299.6 billion by 2031, growing at a CAGR of 5% from 2022 to 2031.
Industrial chemical bisphenol A (BPA) is largely utilized in the production of polycarbonateplastics and epoxy resins. When Bisphenol A, an organic chemical, is not used in the manufacture of a product, it is said to be BPA-free. In the past, BPA was used in the manufacture of a wide variety of plastic products, including infant bottles, plastic dishes and cutlery, storage containers, and drink bottles. Concerns have been raised over time regarding its impact on human health, particularly when it is utilized in products and materials that come into contact with food. The banning of BPA led to the increased use of BPA free plastic in various sectors. There are different types of plastic containers that are labeled with a 1,2, or 5 are considered BPA free.
The rising health and environmental concerns are one of the driving factors stimulating the markets’ growth. Also, the implementation of various rules and regulations on the usage of BPA have boosted the demand of the BPA free plastic market. BPA is regarded as an endocrine disruptive substance that interferes with the body's normal hormonal balance by either mimicking or blocking hormones. BPA can enter the bodies through handling cash register receipts, eating or drinking foods heated in plastic, eating or drinking foods kept in metal cans, plastic (take-out containers), or both. Researchers have connected BPA to developmental and health issues in children, such as early puberty in females, diabetes, obesity, and heart disease, as well as learning and behavioral diseases like Attention Deficit Hyperactive Disorder (ADHD), anxiety, and melancholy. Children and babies are more at risk for harm from BPA exposure because of how quickly their bodies develop and change. BPA can have an effect on wildlife, especially aquatic species in freshwater and saltwater environments, which serve as pollutant reservoirs. Owing to these serious health issues, the BPA free plastic market has shown a considerably growth.
Since 2015, BPA-containing packaging, containers, and utensils that are intended for direct contact with food are not allowed to be marketed in France. The European Chemical Agency (ECHA) listed BPA on the Candidate List of Substances of Very High Concern (SVHC) in 2017, classifying it as endocrine disrupting and toxic for reproduction (Article 57c) as a result of the European Union Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) regulation (Article 57f). According to a new regulation that the EU released in December 2016, thermal paper containing BPA "must not be placed on the market in a concentration equal to or more than 0.02% by weight after 2 January 2020”. The inclusion of Bisphenol A as a substance of very high concern on account of its qualities as a chemical harmful for reproduction was affirmed by the general court of the European Union in July 2019. Owing to these stringent rules enforced by the governing bodies have positively impacted the growth of BPA free plastic market.
The availability of substitutes for BPA is one of the restraining factor that has hammered the market growth. For instance, a green substitute for bisphenol A is considered to be bisguaiacol F (BGF). Two hydroxyphenyl groups give BGF a structural resemblance to BPA. It has similar properties as of BPA but differ in its action. It does not interfere with the endocrine function. Because BGF is made from a waste product that already exists, it is both an economical and sustainable solution. BGF's feedstock, lignin, is derived from trees, making it a renewable resource, in contrast to BPA, which is produced using components found in oil, a fossil fuel. Due to these factors, the growth of market is hampered in a negative way.
The usage of BPA free plastic in various end use industries are becoming a great opportunity for the expansion of the market. The cosmetic and personal care industries have incorporated the BPA free materials in the manufacturing of containers and liners. Moreover, the healthcare sector has also contributed to the increased demand of the BPA free plastic market. It is employed in various surgical and medical equipment. Owing to the increasing use of BPA free plastic in various sectors have boosted the markets’ growth.
The BPA free plastic market is segmented on the basis of material type, application, and region. On the basis of material type, the market is divided into polyethylene terephthalate (PET), high density polyethylene (HDPE), low density polyethylene (LDPE), polypropylene (PP), and others. Depending on the application, the market is classified into food & beverages, consumer goods, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global BPA free plastic market are Altium Packaging, Amcor plc, Conagra Brands, Inc., Eastman Chemical Company, Orthex Group, PLASTIPAK HOLDINGS, INC., PPG Industries, Inc., Taiyuan Lanlang Technology Industrial Corp., Thermo Fisher Scientific Inc. and Water Boy, Inc.
Industrial chemical bisphenol A (BPA) is largely utilized in the production of polycarbonateplastics and epoxy resins. When Bisphenol A, an organic chemical, is not used in the manufacture of a product, it is said to be BPA-free. In the past, BPA was used in the manufacture of a wide variety of plastic products, including infant bottles, plastic dishes and cutlery, storage containers, and drink bottles. Concerns have been raised over time regarding its impact on human health, particularly when it is utilized in products and materials that come into contact with food. The banning of BPA led to the increased use of BPA free plastic in various sectors. There are different types of plastic containers that are labeled with a 1,2, or 5 are considered BPA free.
The rising health and environmental concerns are one of the driving factors stimulating the markets’ growth. Also, the implementation of various rules and regulations on the usage of BPA have boosted the demand of the BPA free plastic market. BPA is regarded as an endocrine disruptive substance that interferes with the body's normal hormonal balance by either mimicking or blocking hormones. BPA can enter the bodies through handling cash register receipts, eating or drinking foods heated in plastic, eating or drinking foods kept in metal cans, plastic (take-out containers), or both. Researchers have connected BPA to developmental and health issues in children, such as early puberty in females, diabetes, obesity, and heart disease, as well as learning and behavioral diseases like Attention Deficit Hyperactive Disorder (ADHD), anxiety, and melancholy. Children and babies are more at risk for harm from BPA exposure because of how quickly their bodies develop and change. BPA can have an effect on wildlife, especially aquatic species in freshwater and saltwater environments, which serve as pollutant reservoirs. Owing to these serious health issues, the BPA free plastic market has shown a considerably growth.
Since 2015, BPA-containing packaging, containers, and utensils that are intended for direct contact with food are not allowed to be marketed in France. The European Chemical Agency (ECHA) listed BPA on the Candidate List of Substances of Very High Concern (SVHC) in 2017, classifying it as endocrine disrupting and toxic for reproduction (Article 57c) as a result of the European Union Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) regulation (Article 57f). According to a new regulation that the EU released in December 2016, thermal paper containing BPA "must not be placed on the market in a concentration equal to or more than 0.02% by weight after 2 January 2020”. The inclusion of Bisphenol A as a substance of very high concern on account of its qualities as a chemical harmful for reproduction was affirmed by the general court of the European Union in July 2019. Owing to these stringent rules enforced by the governing bodies have positively impacted the growth of BPA free plastic market.
The availability of substitutes for BPA is one of the restraining factor that has hammered the market growth. For instance, a green substitute for bisphenol A is considered to be bisguaiacol F (BGF). Two hydroxyphenyl groups give BGF a structural resemblance to BPA. It has similar properties as of BPA but differ in its action. It does not interfere with the endocrine function. Because BGF is made from a waste product that already exists, it is both an economical and sustainable solution. BGF's feedstock, lignin, is derived from trees, making it a renewable resource, in contrast to BPA, which is produced using components found in oil, a fossil fuel. Due to these factors, the growth of market is hampered in a negative way.
The usage of BPA free plastic in various end use industries are becoming a great opportunity for the expansion of the market. The cosmetic and personal care industries have incorporated the BPA free materials in the manufacturing of containers and liners. Moreover, the healthcare sector has also contributed to the increased demand of the BPA free plastic market. It is employed in various surgical and medical equipment. Owing to the increasing use of BPA free plastic in various sectors have boosted the markets’ growth.
The BPA free plastic market is segmented on the basis of material type, application, and region. On the basis of material type, the market is divided into polyethylene terephthalate (PET), high density polyethylene (HDPE), low density polyethylene (LDPE), polypropylene (PP), and others. Depending on the application, the market is classified into food & beverages, consumer goods, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global BPA free plastic market are Altium Packaging, Amcor plc, Conagra Brands, Inc., Eastman Chemical Company, Orthex Group, PLASTIPAK HOLDINGS, INC., PPG Industries, Inc., Taiyuan Lanlang Technology Industrial Corp., Thermo Fisher Scientific Inc. and Water Boy, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bpa free plastic market analysis from 2021 to 2031 to identify the prevailing bpa free plastic market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the bpa free plastic market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global bpa free plastic market trends, key players, market segments, application areas, and market growth strategies.
- The rise in e-commerce is expected to have increased the quantity of BPE-free plastics used in packaging, which will result in an additional 11,400-17,600 tonnes of plastic packaging used by the industry as a result of COVID-19 in 2020. This is due to the COVID-19 pandemic. As a result, the BPA-free plastic packaging sector is becoming increasingly important in the post-Covid-19 era. The market for BPA-free plastic is profitably affected by the growing demand for dental sealants or composites, as well as the tops for food cans and bottles. As a result of all the aforementioned factors, it is anticipated that BPA-free plastic would become more popular over the projection period.
Key Market Segments
By Material
- PET
- HDPE
- LDPE
- PP
- Others
By Application
- Food and Beverages
- Consumer Goods
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Taiyuan Lanlang Technology Industrial Corp.
- Orthex Group
- Eastman Chemical Company
- Conagra Brands, Inc.
- Altium Packaging
- PPG Industries Inc.
- Amcor PLC
- Water Boy, Inc.
- PLASTIPAK HOLDINGS, INC.
- Thermo Fisher Scientific Inc.
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Regulatory Guidelines
3.8. Patent Landscape
CHAPTER 4: BPA FREE PLASTIC MARKET, BY MATERIAL
4.1 Overview
4.1.1 Market size and forecast
4.2 PET
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 HDPE
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 LDPE
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5 PP
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
CHAPTER 5: BPA FREE PLASTIC MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Food and Beverages
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Consumer Goods
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Others
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
CHAPTER 6: BPA FREE PLASTIC MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Material
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Material
6.2.4.1.3 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Material
6.2.4.2.3 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Material
6.2.4.3.3 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Material
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Material
6.3.4.1.3 Market size and forecast, by Application
6.3.4.2 Italy
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Material
6.3.4.2.3 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Material
6.3.4.3.3 Market size and forecast, by Application
6.3.4.4 Spain
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Material
6.3.4.4.3 Market size and forecast, by Application
6.3.4.5 UK
6.3.4.5.1 Key market trends, growth factors and opportunities
6.3.4.5.2 Market size and forecast, by Material
6.3.4.5.3 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Key market trends, growth factors and opportunities
6.3.4.6.2 Market size and forecast, by Material
6.3.4.6.3 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Material
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Material
6.4.4.1.3 Market size and forecast, by Application
6.4.4.2 Japan
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Material
6.4.4.2.3 Market size and forecast, by Application
6.4.4.3 India
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Material
6.4.4.3.3 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Material
6.4.4.4.3 Market size and forecast, by Application
6.4.4.5 Australia
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Material
6.4.4.5.3 Market size and forecast, by Application
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Key market trends, growth factors and opportunities
6.4.4.6.2 Market size and forecast, by Material
6.4.4.6.3 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Material
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Material
6.5.4.1.3 Market size and forecast, by Application
6.5.4.2 Saudi Arabia
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Material
6.5.4.2.3 Market size and forecast, by Application
6.5.4.3 South Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Material
6.5.4.3.3 Market size and forecast, by Application
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Key market trends, growth factors and opportunities
6.5.4.4.2 Market size and forecast, by Material
6.5.4.4.3 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Taiyuan Lanlang Technology Industrial Corp.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Orthex Group
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Eastman Chemical Company
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Conagra Brands, Inc.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Altium Packaging
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 PPG Industries Inc.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Water Boy, Inc.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Amcor plc
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 PLASTIPAK HOLDINGS, INC.
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Thermo Fisher Scientific Inc.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'BPA Free Plastic Market,' the bpa free plastic market was valued at $187.3 billion in 2021, and is estimated to reach $299.6 billion by 2031, growing at a CAGR of 5% from 2022 to 2031.BPA stands for Bisphenol A, a synthetic chemical that has been commonly used in the production of polycarbonate plastics and epoxy resins since the 1960s. BPA-free plastics are considerably more prevalent, particularly when it comes to the supplies used by manufacturers to create products such as baby dishes, sippy cups, toys, and other accessories. A variety of plastic containers with a 1, 2, or 5 label are regarded as BPA-free. Products labelled as 1 consist of polyethylene terephthalate (PET) which is commonly found in cooking oil, mineral water, soft drink, and fruit juice bottles. Milk jugs, cleaning supplies, laundry detergents, bleaching agents, shampoo bottles, washing and shower soaps are common examples of products made of high-density polyethylene (HDPE) which are denoted by the code 2. Polypropylene (PP) denoted by code 5 is a common material used to make straws, pails, plastic bottle caps, margarine, yoghurt containers, potato chip bags, and rope.
The rising consumption of BPA free plastic in personal care and cosmetics is one of the driving factors boosting the growth of market. Consumers are aware of the serious effects of BPA. It can cause fertility problems in both men and women. BPA is also considered as a carcinogenic agent. The containers and other packaging materials made up of BPA tend to leach its particle in the cosmetic formulation. This can cause absorption of BPA through the skin layers and can enter into the human body. Owing to this major issue, manufacturers have moved toward a safe packaging solution, which are non-BPA materials.
The BPA free plastics are widely used in the manufacturing of containers in the personal care and cosmetic industry. BPA free plastic have various features which make them unique and most used material. It is highly durable, safe and tough material which hold the product intact. Moreover, it is convenient and economic. The ease of availability of cosmetic products on the doorstep has increased the demand for BPA free plastic and increasing the market growth.
The toxicity of using lead as a packaging material in various industries including food and beverage is another factor driving the growth of BPA free plastic market. Like BPA, lead also have many adverse effects on the human health and environment. Liquids are stored in materials that contain lead. It is a strong neurotoxin that is known to interfere with several bodily processes. Long-term exposure to high levels of lead can harm the liver and kidneys and cause vomiting, poisoning, and other symptoms.
Despite its toxicity and although it is known to be a common contaminant in foods, lead is commonly used in metal food and beverage containers. The central nervous system and other body organs may be negatively impacted by lead intoxication in humans. Due to the higher retention of lead in their bones and brains, infants are particularly vulnerable to lead intoxication. Children that consume lead could experience encephalopathy, convulsions, and even subacute mental impairment. Owing to these health hazards of lead, other safe alternatives such as BPA free plastics are commonly used now-a-days.
Although there are ill effects of BPA products, it is still used in many industries due to its mix of robust qualities. This stunts the growth of BPA free plastic market. Products made from BPA meet high-performance demands. BPA-based epoxy resins are strong and easily attach to metal surfaces, which makes them ideal for use in protective coatings. BPA-infused polycarbonate plastic is lightweight, shatterproof, and has an optical clarity that rivals that of glass. Owing to these factors, it is utilized in automobile industry, food industry, and others.
The BPA free plastic market is classified on the basis of material type, application, and region. Depending on material type, the market is fragmented into polyethylene terephthalate (PET), high density polyethylene (HDPE), low density polyethylene (LDPE), polypropylene (PP), and others. On the basis of application, the market is divided into food & beverages, consumer goods, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of material type, polyethylene terephthalate (PET) holds the largest share in the market owing to its easy availability and inexpensiveness. Moreover, it is very strong and lightweight & hence easy and efficient to transport.
On the basis of application, food and beverage segment dominates the global BPA free plastic market. BPA free plastics prevent the chances of leakage and spills which is a common phenomenon in food industry.
By region, Asia-Pacific holds the highest market share. The high consumption of packed food and expanding automotive industries have shown a significant growth of BPA free plastic market.
The key players operating in the global BPA free plastic market are Altium Packaging, Amcor plc, Conagra Brands, Inc., Eastman Chemical Company, Orthex Group, PLASTIPAK HOLDINGS, INC., PPG Industries, Inc., Taiyuan Lanlang Technology Industrial Corp., Thermo Fisher Scientific Inc. and Water Boy, Inc.
Key findings of the study
On the basis of material, the HDPE segment is projected to grow at the highest CAGR of approximately 5.5%, in terms of revenue, during the forecast period.On the basis of application, the food and beverages segment is projected to grow at the CAGR of approximately 5.2%, in terms of revenue, during the forecast period.
By region, Asia-Pacific dominated the BPA free plastic market with highest revenue share in 2021 and is expected to continue during the forecast period.
COVID-19 impact analysis on the BPA-free plastic market
The COVID-19 pandemic had positively impacted BPA-free plastic food packaging where the rise in e-commerce is anticipated to have increased the number of BPE-free plastics used in packaging, resulting in an additional 11,400-17,600 tons of plastic packaging used by the industry owing to COVID-19 in 2020. As a result, the BPA-free plastic packaging sector is becoming increasingly important in the post-Covid-19 era. The rising need for food cans and bottle tops, as well as dental sealants or composites, has a lucrative impact on the BPA-free plastic market. Therefore, the consumption of BPA-free plastic is projected to increase over the projection period due to all the aforementioned factors.Companies Mentioned
- Taiyuan Lanlang Technology Industrial Corp.
- Orthex Group
- Eastman Chemical Company
- Conagra Brands, Inc.
- Altium Packaging
- Ppg Industries Inc.
- Amcor PLC
- Water Boy, Inc.
- Plastipak Holdings, Inc.
- Thermo Fisher Scientific Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 230 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 187.3 billion |
| Forecasted Market Value ( USD | $ 299.6 billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
