Bioplastics Industry Analysis by Key Players, End-User, Size, Future Growth, Regions and Forecast to 2027

April 02 10:56 2021
Increasing demand for bioplastics in the packaging sector is one of the significant factors influencing the market growth.

Market Size – USD 8,231.8 Million in 2019, Market Growth – CAGR of 14.9%, Market Trends –Surging demand for bioplastics in additive manufacturing 

The global bioplastics market is projected to be worth USD 25.27 Billion by 2027, according to a current analysis by Emergen Research. The bioplastics market is experiencing rapid growth attributed to its increasing demand in end-use applications, such as packaging, textile, automotive & transportation, consumer goods, agriculture, and building & construction. Besides, supportive government initiatives and offering subsidies to promote the growth of bioplastics are driving the market’s growth. In 2018, the Japanese Ministry of Environment made an announcement for the inclusion of USD 45.0 million/JPY 5.0 Billion in the FY2019 budget for developing products manufactured from bio-plastics and provide subsidies to firms that make paper substitutes to plastic.

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Key Highlights From The Report

  • In February 2018, Teijin Ltd. made an announcement about the development of a formable film, which is resistant to gasoline and produced from PLA NEXT® bioplastic to substitute chrome plating, adopted by Honda Lock Mfg. Co., Ltd. for use in the nonconductive door handles having smart-entry systems.
  • Non-biodegradable bioplastics contributed to a larger market share of around 60.0% in 2019, owing to its widespread usage attributed to its low cost, durability, and versatility. Polylactic acid (PLA) is the most widely used non-biodegradable bioplastic.
  • The worldwide production capacity of bioplastics was over 2.1 million tons in 2019, with Europe accounting for around one-fourth of the world’s bioplastics production capacity.
  • Key participants include BASF SE, NatureWorks, Biome Plastics, Braskem, Biotec, Total Corbion, Plantic Technologies, Mitsubishi Chemical Holdings Corporation, Novamont SPA, and Toray Industries, among others.

Emergen Research has segmented the global bioplastics market on the basis of type, distribution channel, application, and region:

  • Type Outlook (Revenue, USD Billion; 2017-2027)
    • Biodegradable
      1. Polybutylene Adipate Terephthalate (PBAT)
      2. Polybutylene Succinate (PBS)
      3. Polylactic Acid (PLA)
      4. Polyhydroxyalkanoate (PHA)
      5. Starch Blends
      6. Others
    • Non-Biodegradable
      1. Polyethylene (PE)
      2. Polyamide (PA)
      3. Polyethylene Terephthalate (PET)
      4. Polytrimethylene Terephthalate (PTT)
      5. Polypropylene (PP)
      6. Others
    • Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
      • Online
      • Offline
    • Application Outlook (Revenue, USD Billion; 2017-2027)
      • Packaging
      • Textile
      • Automotive & Transportation
      • Consumer Goods
      • Agriculture
      • Building & Construction
      • Others

Regional Bifurcation:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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Focal Points of the Global Bioplastics Market Report:

  • Market Coverage: This section of the report covers significant details on the key manufacturers, vital market segments, product innovation scope, and the forecast years. Additionally, it describes in detail the range of the product and the global Bioplasticsmarket segmentation based on product type and application spectrum.
  • Executive Summary: In this chapter, the global market growth rate, competitive landscape, drivers and constraints, trends, limitations, and the key market segments have been discussed at length.
  • Regional Analysis: The report offers meaningful insights into the import and export trends, production and consumption capacities, estimated revenue share, and key players of each region dominating the market
  • Competitive Landscape:The report also discusses the course of development of each market player in this industry vertical during the forecast period. It further details on the firms, industries, organizations, vendors, and local manufacturers engaged in this industry. The leading products and services to gain global and regional market shares form the competitive landscape of the Bioplastics industry.
  • Manufacturers’ portfolios: This section includes detailed information regarding the product portfolio of each local and global manufacturer, their strengths and weaknesses, product profiles, production value and capacity, and other vital information.

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Bioplastics Market Segmentation & Impact Analysis
    4.1. Bioplastics Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increasing demand for bioplastics in the packaging sector
                    4.2.2.2. Growing awareness about eco-safety
                    4.2.2.3. Surging demand for bioplastics in additive manufacturing
                    4.2.2.4. Growing emphasis on sustainability
                    4.2.2.5. Supportive government initiatives and regulations
          4.2.3. Market restraints analysis
                    4.2.3.1. Cost-prohibitive than conventional plastic
                    4.2.3.2. Availability of substitutes
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Bioplastics Market By Type Insights & Trends, Revenue (USD Million)
    5.1. Type Dynamics & Market Share, 2019 & 2027
          5.1.1. Biodegradable
                    5.1.1.1. Polybutylene Adipate Terephthalate (PBAT)
                    5.1.1.2. Polybutylene Succinate (PBS)
                    5.1.1.3. Polylactic Acid (PLA)
                    5.1.1.4. Polyhydroxyalkanoate (PHA)
                    5.1.1.5. Starch Blends
                    5.1.1.6. Others
          5.1.2. Non-Biodegradable
                    5.1.2.1. Polyethylene (PE)
                    5.1.2.2. Polyamide (PA)
                    5.1.2.3. Polyethylene Terephthalate (PET)
                    5.1.2.4. Polytrimethylene Terephthalate (PTT)
                    5.1.2.5. Polypropylene (PP)
                    5.1.2.6. Others

Chapter 6. Bioplastics Market By Distribution Channel Insights & Trends Revenue (USD Million)
    6.1. Distribution Channel Dynamics & Market Share, 2019 & 2027
          6.1.1. Online
          6.1.2. Offline

CONTINUED…!!

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