BPA Free Plastic Market Expected to Reach $299.6 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, 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.