USD 9.67 billion
Bioplastics and Biopolymers Market Size, Share, Growth Analysis, By Application(Films, Bottles, Fibers, Seed Coating), By Type(Packaging, Consumer Goods, Automotive & Transportation, Textiles), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15B2040 |
Region:
Global |
Published Date: February, 2024
Pages:
282
|Tables:
70
|Figures:
77
Bioplastics and Biopolymers Market Insights
Bioplastics and Biopolymers Market size was valued at USD 9.67 billion in 2019 and is poised to grow from USD 11.5 billion in 2023 to USD 45.94 billion by 2031, growing at a CAGR of 18.9% in the forecast period (2024-2031).
Since they can dramatically lessen our reliance on fossil resources, which are significantly more damaging to the environment than bioplastics and biopolymers, bioplastics and biopolymers are gaining popularity. In the recent year, there has been major hype to reduce the pollution and create a safer environment. Therefore, scientists have done extensive research around damage control and created the bioplastics and biopolymers which are produced from renewable resources and degradable materials, which can reduce pollution in a real way.
One of the major generators of plastic & polymer waste was packaging. Therefore, in recent days, Industries are shifting from plastic packaging to bioplastic and biopolymers packaging.The development of such sophisticated packaging system for food products has greatly helped the shelf life of the food and it utility helps brand to connect with their customer by showing their consciousness towards the environment.Electronic waste are another major form of plastic waste which society striving to improve.This industry has made big strides in tackling its environmental impact, largely through producing more energy efficient devices and through more efficient recycling options.Bioplastics and biopolymers can be similar as that of the traditional plastics without modifying any machinery and can provide electronic industry with an excellent opportunity to improve their environmental credentials.
US Bioplastics and Biopolymers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
packaging
Fastest Growth
packaging
Growth Rate
18.9% CAGR
Global Bioplastic and Biopolymer Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
To get more reports on the above market click here to Buy The Report
Bioplastics and Biopolymers Market Segmental Analysis
Global Bioplastics and Biopolymers market is segmented on the basis of application, type, end use , and region. By application, the market is segmented into Films, Bottles, Fibers, Seed Coating, Vehicle Components, Medical Implants, Others. By type, the market is segmented into Biodegradable, Non-Biodegradable/Biobased. By end use, the market is segmented into Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Bioplastics and Biopolymers Market Analysis by End User
By End user, the global market is divided into many segments such as Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture, Others.Packaging segment held largest global Bioplastics and Biopolymers market share due to the wide range of benefits provided by Bioplastics and Biopolymers in packaging products. In 2021 packaging segment represented 62% of the worldwide bioplastic and biopolymers market. Food and refreshment packaging, drug packaging, and convey sacks are conceivable packaging portions for bioplastics and biopolymers. Organizations in the PLA business utilize recyclable items, which help to drive the market. The interest for PLA-based polymers is being driven by the developing interest for harmless to the ecosystem packaging produced using bio-based polymers.
Bioplastics and Biopolymers Market Analysis by Type
Based on type, the market is segmented into biodegradable and non biodegradable.The biodegradable segment contributed to the largest bioplastics and biopolymer market share in 2021.PHP bat, PLA and starch blend are the part of biodegradable plastics.To reduce the volume of waste production and to increase the recycling of the product, there has been increased demand for biodegradable plastics.Packaging, medical equipment, automotive, consumer goods, construction, textile, as well as in orthopedic device there has been the use of bioplastic packaging.
Global Bioplastic and Biopolymer Market By Vertical 2021 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Bioplastics and Biopolymers Market Regional Insights
Globally, North America is estimated to hold the largest global Bioplastics and Biopolymers market share in 2021. Main factors during this growth period is the presence of top market players such as BASF SE,Corbion NV and others. Along with this extensive views of bioplastics and biopolymers in various Indus industry sectors is helping North America to dominate this market.
Above all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing government regulation regarding plastic bags ban and global warming initiatives.The lower living standards and low disposable income of people in Asia Pacific region will result in the price reduction of bioplastics and biopolymers. Along with this, the eye for sustainable development will provide opportunities for the replacements of traditional plastic with bioplastic in this region.
Global Biopolymer and Bioplastic Market By Geography, 2021-2028
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Bioplastics and Biopolymers Market Dynamics
Bioplastics and Biopolymers Market Drivers
Increasing Popularity of Eco Friendly Packaging to Boost Bioplastics and Biopolymers Market
- Consumers all across the globe are now aware of the side effects caused by plastics on the environment.The traditional plastics, which are mainly the part of society, requires a very long time to separate and degrade along with the time, and they lie in the landfill for significant time.Countering this problem, these biodegradable plastics and polymers are quickly separated and disposed and retained through recycling into normal framework. Moreover, the peace of the decay of biodegradable and biopolymer plastics.By the exercise of microorganism is far more swifter than the traditional plastics.
Bioplastics and Biopolymers Market Restraints
High Cost can Hinder the Market Growth
- According to research, the expense created by bio based polymers is 20% to 100% higher than the traditional polymers.These greater expenses of bioplastics and biopolymers compared to traditional polymers and plastics restricts the development of the market in numerous ND uses and application segments.Higher R&D and creation costs because of limited scope creation and the huge cost contrast in contrast with customary oil based plastics are the key variables, which add to the low entrance of bioplastics in various industries.
Request Free Customization of this report to help us to meet your business objectives.
Bioplastics and Biopolymers Market Competitive Landscape
Competition in the global Bioplastics and Biopolymers market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of Products compatible with Bioplastics and Biopolymers will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Bioplastics and Biopolymers Market Top Player’s Company Profiles
- BASF SE
- NatureWorks LLC
- Arkema SA
- Braskem SA
- Novamont SpA
- DuPont de Nemours, Inc.
- Corbion NV
- Mitsubishi Chemical Holdings Corporation
- Biome Bioplastics Limited
- Eastman Chemical Company
- Bio-On S.p.A.
- Solvay SA
- Total SE
- Toray Industries, Inc.
- Danimer Scientific, Inc.
- Plantic Technologies Limited
- Futerro SA
- Kuraray Co., Ltd.
- Innovia Films Limited
- Cardia Bioplastics Limited
Bioplastics and Biopolymers Market Recent Developments
- In March 2022, NatureWorks signed an agreement with ABB technology for automation of a new bioplastics plant in Thailand. The advancements are aimed at expanding production capacity of polylactic acid (PLA) to cater to the growing industry demand for sustainable materials.
- In April 2022, Owner of the allegedly $100 million New Jersey deli, Hometown International, has consented to merge with Makamer, a producer of bioplastics. Your Hometown Deli in Paulsboro won't be run by the corporation that results from the merger, but a staff member there confirmed that the restaurant will stay open following the merger. It's unclear how the approximately 60 Hometown International shareholders will fare financially after the purchase.
Bioplastics and Biopolymers Key Market Trends
- One of the major trends of bioplastics and biopolymer market is usage of starch piece products.To impart some level of biodegradability to the resulting composites, starch is generally incorporated into traditional plastics.The blends of the star are excellent biodegradable due to the several properties like thermal stability and low interference with the melt flow properties of most of the material.
Bioplastics and Biopolymers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Bioplastics and Biopolymers market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such as controlling the plastic waste through food packaging and reducing the plastic waste through medical and electrical wastes.. Bioplastics and Biopolymers will enable products to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.67 billion |
| Market size value in 2031 | USD 45.94 billion |
| Growth Rate | 18.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Bioplastics and Biopolymers Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Bioplastics and Biopolymers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Bioplastics and Biopolymers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Bioplastics and Biopolymers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bioplastics and Biopolymers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bioplastics and Biopolymers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bioplastics and Biopolymers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
