Bioplastics Market By Type of Plastic (Biodegradable, Non-Biodegradable), By Application (Packaging, Rigid Packaging, Flexible Packaging, Agriculture, Consumer Goods, Textiles, Automotive and Transportation, Building & Construction), and By Region (North America, Europe, Asia Pacific, Latin America, MEA), - Global Forecasts 2016 to 2026

Date : Feb 2021

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Report ID : 34

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Category : Resins and Polymers

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Report Format:  PDF EXCEL PPT WORD

Bioplastics Market Introduction:

Bioplastics are items manufactured from renewable feedstocks such as corn, sugarcane, and cellulose. As compared to conventional synthetic plastics, bio-based plastics have the potential to reduce carbon dioxide emissions by around 30% to 70% and require 65% less energy. Therefore, the production of bioplastics is environment friendly, cost-effective, and efficient. The key market players of the bioplastics market are NatureWorks, Braskem, Biome Bioplastics, Toray Industries, Plantic Technologies, PTT MCC Biochem, Green Dot Bioplastics, etc.

Bioplastics Market Analysis:

The global bioplastics market was valued at USD 8.0 billion in 2019. It is expected to display growth at a compounded annual growth rate of over 15.6% from 2020 to 2026, thereby raising its valuation to more than USD 22.1 billion.

Bioplastics Market

Bioplastics Market Segmentation:

1. On the basis of Product:

The bioplastics market is categorized on the basis of product type – biodegradable and non-biodegradable. Non-biodegradable plastics held more than half of the market share in 2019. With an increase in the demand for various consumer goods, this segment is expected to continue leading the bioplastics market during the forecast period. The biodegradable segment is anticipated to witness the highest growth largely due to the stringent regulations regarding the single-use plastic ban across the globe. However, the comparatively higher price of biodegradable plastics might restraint its growth.

2. On the basis of Application:

The packaging industry led the global bioplastics market in terms of revenue. The packaging industry is further sub-divided into rigid and flexible packaging. The rigid packaging industry is anticipated to witness a high growth rate to the rising demand from the shipping industry. Bioplastic fibers offer several benefits as compared to traditional polymer fibers. As a result, the textile industry is expected to propel the growth of the global bioplastics market.

3. On the basis of Plastic Type:

  • Biodegradable Plastic Type:

The market is segmented into Polylactic Acid (PA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxy Alkenoates (PHA), starch blends, and others. Starch blends accounted for the majority of the market share in this segment due to the rising demand for flexible packaging and the agricultural sector. Since starch blends assist in decreasing the carbon footprint of conventional resins, their growth is further propelled. Starch blends are expected to dominate the market during the forecast period followed by the PBS plastic-type.

  • Non-biodegradable Plastic Type

This segment is further divided into Polyethylene (PE), Polyethylene Terephthalate (PET), Polyamide (PA), Polypropylene (PP), Polytrimethylene Terephthalate (PTT) and others. Among these, the PET segment garnered a maximum of the bioplastics market, followed by the PE bioplastic segment. During the forecast period, the PET bioplastic is projected to witness the highest growth rate as well as dominate the global bioplastics market.

Impact of COVID-19:

With a worldwide halt on manufacturing activities and delayed supply of raw materials as a result of a disrupted supply chain, the bioplastics market has witnessed a slight decline in the growth rate. Furthermore, due to the contagious nature of COVID-19, consumers have opted to utilize any existing bags to avoid contracting the disease. With reduced demand and supply, the growth of this market during the pandemic period has been sluggish. Post-lockdown scenarios paint a slightly different picture due to an increasing need for packaged items. For instance, the food and beverage industries have witnessed a rise in takeaway orders as compared to dine-in orders.

Bioplastics Market Drivers:

1. Growing Population and Rapid Urbanization:

Growing population and resulting rapid urbanization is anticipated to drive the growth of the packaging industry. The demand thus generated by the packaging industry is projected to positively affect the growth of the global bioplastics market.

2. Proliferation into several industries:

Enhanced physical properties and the growing suitability of bioplastics in various industries may positively affect the bioplastics market growth. Therefore, the penetration of bioplastics in industries such as agriculture, consumer goods, textile, construction, automotive and transportation will contribute to the bioplastics market rise.

3. Regulations:

Stringent regulations set by governments globally with regards to green procurement policies will increase the requirements for biodegradable plastics. Moreover, the support from the industrial regulatory bodies is expected to aid the growth of the bioplastics market.

Bioplastics Market Restraints:

1. Preference for natural materials:

Consumer preference for natural/organic materials over that of bioplastic packaging may negatively impact the growth of the global bioplastics market.

2. Health concerns:

The production of bioplastics includes the use and release of several toxic chemicals. Moreover, issues regarding disposal and the additional processes required for bioplastic production may hinder the global bioplastics market.

3. High cost:

Bioplastic production involves high initial capital as well as high R&D investments. This is a major restraining factor for the global bioplastics market.

Geographical Analysis:

Europe dominated the global bioplastics market capturing around 44% of the total market share in 2019. Factors responsible for this growth are the increasing environmental concerns, rising R&D investments by private as well as public organizations, and the enactment of government laws pertaining to single-use plastics.

North America is estimated to witness significant growth during the forecast period due to the soaring demand from the food and beverage, medical as well as packaging industries. Additionally, efforts by the United States of America and Canada to reduce pollution generated by single-use plastics are fueling the market growth.

The Asia – Pacific region is envisaged to witness a steady growth rate due to easy land availability for manufacturing industries. The shift in the production landscape towards emerging countries may positively affect regional market growth.

Recent Developments in Bioplastics Industry:

  1. Taghleef Industries acquired Biofilm – a Latin American manufacturer of B.O.P.P. films used for flexible packaging in January 2019.
  2. Danimer Scientific set up a PHA manufacturing plant in November 2019 at Winchester, Kentucky, U.S.A.
  3. December 2019 witnessed the scaling of Kaneka Takasago PHBH factory to a capacity of 5 KT per year. Kaneka Takasago received FDA approval for the usage of PHBH as a food contact material.

The research report analyses the ecosystem of the bioplastics market and categorizes the bioplastics market to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.

Global Bioplastics Market by Type

  • Biodegradable Bioplastics
    • PLA
    • Starch Blends
    • Poly(butylene adipate-co-terephthalate) (PBAT)
    • PHA
    • PBS
    • Others
  • Non-Biodegradable Bioplastics
    • Bio- PET
    • Bio- Polyamide
    • Bio PE
    • Bio PP
    • Bio PTT
    • Others

Global Bioplastics Market by Application

  • Packaging
  • Rigid Packaging
  • Flexible Packaging
  • Agriculture
  • Consumer Goods
  • Textiles
  • Automotive and Transportation
  • Building & Construction

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Norway
    • Italy
    • Spain
    • Netherlands
    • Rest Of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • New Zealand
    • Rest Of Asia Pacific
  • South America
  • ROW

Company Profiles and Competitive Intelligence Covered in Bioplastics Market Report are:

  1. NatureWorks LLC
  2. BASF SE
  3. Toray Group
  4. Arkema S.A.
  5. Roquette Frères
  6. Avantium
  7. PTT MCC Biochem
  8. Biome Bioplastics
  9. Plantic Technologies Ltd
  10. Novamont
  11. Galactic
  12. Other Key Players

Unique insights provided by this report also includes the following:

  1. In-depth value chain analysis
  2. Opportunity mapping
  3. Sector snapshot
  4. Technology landscape
  5. Regulatory scenario
  6. Patent trends
  7. Market trends
  8. Covid-19 impact analysis
  9. Raw material supply analysis
  10. Pricing trends
  11. Sustainability trends and environmental concerns
  12. Critical Success Factors
  13. Competitive Landscape
  14. Customer preferences

Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. Market Introduction
    1. Definition
    2. Scope Of The Study
    3. List Of Assumptions
    4. Market Structure
  2. Executive Summary
    1. Market Summary
    2. Market Snapshot
    3. Regional Snapshot
    4. Country Snapshot
  3. Introduction
    1. Market Definitions
    2. Timelines
    3. Definitions and Abbreviations
  4. Research Methodology
    1. Sources of Data
    2. Primary Sources
    3. Secondary Sources
    4. Approach
    5. Assumptions
  5. Market Overview
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Trends
    5. Value Chain Analysis
    6. Regulatory Scenario
    7. Certifications / Standard Adherence
    8. Innovative products / Advancement in technology
    9. Environment impact assessment of different bioplastics
    10. Major product chemistries and classes
  6. Premium Insights
    1. Key Revenue Pockets By Segments
    2. Key Revenue Pockets By Geographies
    3. Technological Advancements
    4. Market Leader Benchmarking
    5. Products
    6. Targeted Industry
    7. Targeted Applications
    8. Geographic Presence of players
  7. Global Bioplastics Market by Type
    1. Industry Prospects
    2. Major Market Segments
    3. Market Type of Product
    4. Biodegradable Bioplastics
      1. PLA
      2. Starch Blends
      3. Poly(butylene adipate-co-terephthalate) (PBAT)
      4. PHA
      5. PBS
      6. Others
    5. Non-Biodegradable Bioplastics
      1. Bio- PET
      2. Bio- Polyamide
      3. Bio PE
      4. Bio PP
      5. Bio PTT
      6. Others
        1. Market Size and CAGR trends
        2. Product Trends
        3. Comparing the traditional plastic market (PP, PE, etc.) with the Bioplastics market
        4. Analysing the share of Bio-Plastics in overall Plastics market
  8. Global Bioplastics Market by Application
    1. Application Overview
      1. Packaging
      2. Rigid Packaging
      3. Flexible Packaging
      4. Agriculture
      5. Consumer Goods
      6. Textiles
      7. Automotive and Transportation
      8. Building & Construction
      9. Others
        1. Market Size and CAGR trends
        2. Application drivers and trends
        3. Comparing the traditional plastic market (PP, PE, etc.) applications with the Bioplastics market applications
        4. Technical advantages of bioplastics in comparison with conventional plastics
        5. New emerging application areas like 3D Printing
  9. Global Bioplastics Market Pricing Analysis
    1. Comparison of Bio-plastic prices with conventional plastics
    2. Price Trends
    3. Average indicative prices
  10. Regional Market Analysis of Global Bioplastics Market
    1. North America
      1. Market Size & Trends
      2. Product Type Analysis
      3. Application Analysis
      4. Key Countries & Market Estimates
        1. U.S.
        2. Canada
    2. Europe
      1. Market Size & Trends
      2. Product Type Analysis
      3. Application Analysis
      4. Key Countries
      5. Key Countries & Market Estimates
        1. Germany
        2. France
        3. United Kingdom
        4. Spain
        5. Italy
        6. Rest of Europe
    3. MEA
      1. GCC
      2. Rest of MEA
    4. Asia Pacific
      1. Market Size & Trends
      2. Product Type Analysis
      3. Application Analysis
      4. Key Countries & Market Estimates
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Rest of APAC
    5. Latin America
      1. Market Size & Trends
      2. Product Type Analysis
      3. Application Analysis
      4. Key Countries & Market Estimates
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
          1. Regional Market Analysis Summary or Key Highlights
          2. Ranking of Key Countries in terms of market attractiveness
          3. Opportunities and new areas for growth
          4. Key demand drivers
          5. Company Brand Portfolio
          6. Top Players in these countries
  11. Presence of Players by Type of Bioplastic in the Global Bioplastics Market
    1. Biodegradable Bioplastics​​​​​​​​​​​​​​
      1. PLA
      2. Starch Blends
      3. Poly(butylene adipate-co-terephthalate) (PBAT)
      4. PHA
      5. PBS
      6. Others
        1. Sample product names
        2. Names of Key Manufacturers and trade names
        3. Mapping of Players across geographies/countries with respects to types of bioplastics manufactured
    2. ​​​​​​​Non-Biodegradable Bioplastics
      1. Bio- PET
      2. Bio- Polyamide
      3. Bio PE
      4. Bio PP
      5. Bio PTT
      6. Others
        1. Sample product names
        2. Names of Key Manufacturers and trade names
        3. Mapping of Players across geographies/countries with respects to types of bioplastics manufactured
  12. Competitive Landscape​​​​​​​​​​​​​​
    1. Key Strategies Adoption
    2. Recent Developments
    3. Major player comparison and Ranking of players
    4. Key distributors in different geographies
    5. Applications targeted by key players
    6. Products and specification
    7. Presence of Player by different Geographies
  13. Key Player Profiles
    1. NatureWorks LLC
      1. Company Overview (Description, Key Personnel, Employees etc.)
      2. Geographical Presence (Regional Office, Manufacturing Facilities)
      3. Product Portfolio
      4. Distribution Channel Strategies
      5. Local Partnership Mapping
      6. Market Strategies & Region-specific strategies
      7. Brand Positioning
      8. Specific Product Segments in Bioplastics Market
      9. Branding Strategies specific to each region
      10. Product Strategies (Product Differentiation, Branding)
    2. Similar for other key Players
      1. BASF SE
      2. Toray Group
      3. Arkema S.A.
      4. Roquette Frères
      5. Avantium
      6. PTT MCC Biochem
      7. Biome Bioplastics
      8. Plantic Technologies Ltd
      9. Novamont
      10. Galactic
      11. Other Key Players
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