Rise in investment made by government agencies in next-generation electric vehicles (EV) and automotive & defense sectors drive the growth.

WILMINGTON, DE, UNITED STATES, February 8, 2025 /EINPresswire.com/ -- The global BPA free plastic industry 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. The market report provides a detailed analysis of evolving trends, major market segments, key investment areas, value chain analysis, regional dynamics, and competitive landscape.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/A31763

Market Dynamics

Drivers

- Increased government investments in next-generation electric vehicles (EVs) and the automotive & defense sectors.

- Growing investments by major players in emerging economies.

- Rising demand for BPA free plastic in personal care, consumer goods, food & beverage, and pharmaceutical sectors.

Restraints

- Availability of substitute products limiting market expansion.

Opportunities

- Expanding applications of BPA free plastic across various industries, including healthcare, packaging, and consumer goods.

Market Segmentation

By Material

- PET (Polyethylene Terephthalate): Dominated the market in 2021, accounting for nearly one-third of the global share. PET is widely used in plastic bottle production due to its durability, clarity, lightweight nature, non-reactivity, cost-effectiveness, and thermal stability.

- HDPE (High-Density Polyethylene): Expected to register the fastest CAGR of 5.5% during the forecast period. HDPE is extensively utilized in the food industry for applications such as mixing, liquid flow control, and packaging.

- LDPE (Low-Density Polyethylene), PP (Polypropylene), and Others are also significant contributors to market growth.

By Application

- Food and Beverages: Held the largest market share in 2021, accounting for more than two-fifths of the global BPA free plastic market. Expected to maintain its dominance, with the highest CAGR of 5.2% during the forecast period. BPA free plastics are widely used in dairy products, kitchenware, caps, closures, and flexible plastic packaging.

- Consumer Goods and Others also represent notable market segments.

Regional Analysis

- Asia-Pacific: The largest regional market in 2021, capturing more than half of the global BPA free plastic market share. The region is expected to maintain its leadership and register the fastest CAGR of 5.2%. Key drivers include rising packaged food consumption, increased personal care product demand, and the rapid growth of e-commerce.

- Other regions analyzed: Europe, North America, and LAMEA, each contributing to the overall market expansion.

Key Market Players

- Altium Packaging

- Amcor plc

- Conagra Brands, Inc.

- Eastman Chemical Company

- Orthex Group

- Plastipak Packaging, Inc.

- PPG Industries, Inc.

- Taiyuan Lanlang Technology Industrial Corp.

- Thermo Fisher Scientific Inc.

- Water Boy, Inc.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/bpa-free-plastic-market/purchase-options

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Allied Market Research
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