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Pulished Date April, 2021
ID: 9477
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Bioplastics & Biopolymers Market Segmentation - By Chemical Type Outlook (Bio-Polyethylene Terephthalate, Bio-PET, Starch Blends, Polylactic Acid/PLA, Polyamide, Polytrimethylene Terephthalate/PTT, Bio-polyethylene/Bio-PE, and Others), By Product Type Outlook (Bottles, Cups, Cans, Corrugated Cases, Boxes, Plates, and Others), By End-User Outlook (Packaging, Automotive, Textile, Agriculture, Electronics, Building & Construction, Coatings & Adhesives, Consumer Goods, Packaging; Flexible and Rigid; and Others), By Raw Material (Sugarcane, Sugarbeet, Corn, Potato, Wheat, Castor Oil, and Others) & By Region | 2021 - 2026

Pulished: April, 2021
ID: 9477
Pages: 165

Bioplastics & Biopolymers Market Analysis Report (2021 - 2026)

The Global Bioplastics & Biopolymers Market is anticipated to grow in a significant way during the forecast period. It is expected that the target market is growing from USD 12.5 billion in 2021 to USD 27.9 billion by 2026, registering a CAGR of around 23.7% over the forecast period. 

Bioplastics or biopolymers are plastic or polymer materials that are produced from renewable biomass sources like vegetable fats and oils, straw, corn starch, woodchips, recycled food waste, sawdust, etc. These materials are can also be made from by-products of agriculture, from used plastic bottles and other containers using microorganisms.

In this market, around 80% of polymeric materials are produced from the petroleum industry, while fossil fuels are processed. The growing usage of plastics is burdening the environment with their increasing carbon footprint owing to the greenhouse gas emissions, coupled with other factors like pollution in soil and groundwater. The growing focus on sustainable developments is expected to create opportunities for bio-based plastics and polymers in the coming years. These Biopolymers are the polymers that are degradable while subjected to moisture & heat, under the action of microorganisms. They are majorly made from biomass, waste starch, and other renewable feedstock. 

Polylactic acid, bio-nano composites, and polyhydroxyalkanoate, etc. are some commercially available polymers, which are used in the electronics and automotive industries. For reducing carbon footprint, governments are encouraging the usage of these biodegradable polymers over conventional polymers. Also, some of the major automotive companies are now opting for biopolymers in their vehicles; like the usage of biopolymers for interior applications by Ford Motor Company.

Recent Developments

  • Novamont, a firm that develops and produces bioplastics and biochemicals through the integration of chemistry, has announced a new compostable MATER-BI grade for extrusion coating and extrusion lamination on paper, board, and other substrates.

  • Total Corbion PLA, a renowned technology leader in the world in Poly Lactic Acid (PLA) and lactide monomers, has inaugurated its 75-kilotonne-per-annum polylactic acid production plant in Thailand.

Drivers and Restraints of Biopolymer & Bioplastics Market

Factors such as limited availability of petroleum resources, fluctuation in crude oil prices, and awareness regarding ecological problems are the key factors that are driving the growth of the Global Bioplastics & Biopolymers Market during the forecast period. Instead of being a niche market, the target market is supposed to witness significant growth during the forecast period. Changing environmental regulations on carbon emissions & plastic usage and political conditions are also forecasted to create opportunities for the expansion of The Global Bioplastics & Biopolymers Market over the forecast period.

However, costing is a significant issue for biopolymers, which is still pretty steep owing to the manufacturing cost, which is according to the European Bioplastics Association. This steep in the prices of these polymers could be manifested as a major restraint that is hindering the global market over the outlook period.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021 - 2026

CAGR

23.7%

Segments Covered

By Product, Type, End-user and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

NatureWorks (Italy), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia), Arkema (France), Cardia Bioplastics (Australia), Futerro (Belgium), FKUR Kunstsoff (Germany), Green Dot Bioplastics (US)

 

Bioplastics & Biopolymers Market

Market Segmentation of Biopolymer & Bioplastics Market until 2026.

  • Based on the Raw Material, the global Bioplastics & Biopolymers market is segmented into Sugarcane, Sugarbeet, Corn, Potato, Wheat, Castor Oil, and Others.

  • Based on the Chemical Type Outlook, the global Bioplastics & Biopolymers market is segmented into Bio-Polyethylene terephthalate (Bio-PET), Starch Blends, Polylactic Acid (PLA), Polyamide, polytrimethylene terephthalate (PTT), Bio-polyethylene (Bio-PE), and Others.

  • Based on the Product Type, the global Bioplastics & Biopolymers market is segmented into Bottles, Cups, Cans, Corrugated Cases, Boxes, Plates, and Others.

  • Based on the End-User, the global Bioplastics & Biopolymers market is segmented as Packaging, Automotive, Textile, Agriculture, Others, Electronics, Building and Construction, Coatings, and Adhesives, Consumer Goods, Packaging, and Others. Of these, the packaging is sub-segmented into Flexible and Rigid. Among all of these segments, the packaging segment held the largest share in the market. 

Biopolymer & Bioplastics Market By Region

  • North America

  • Europe

  • Asia-Pacific

  • South America

  • Middle East & Africa

In the regional analysis of the Global Bioplastics & Biopolymers Market, Europe's market held the largest share of the overall revenue and is also expected to maintain its dominance during the projection period. The major factors that are driving the target market in this region are the rapid consumption of plastics and rising consumer awareness for bio-based products in the area. Furthermore, the growth in the demand for plastic for keeping environment-friendly products and rising awareness regarding the maintenance of atmosphere balance among the consumers is further enhancing the growth of this regional market's contribution towards the global bioplastics & biopolymers market in the future. 

And the other factor that is fuelling the market in Europe is the development of plastics which are bio-based with joint research, which is assumed to further rise in Europe's plastics industry. Factors that have played an essential role in the market saturation of bio-plastics & bio-polymers are the political effects and economic conditions. And the rise in the growing disposable income, packaging of goods, and increase in innovation & development in biodegradable & biopolymer products are anticipated to boost the target market growth part in the global Bioplastics & biopolymers market over the forecast years.

The regional market of the Asia Pacific is likely to grow at the highest CAGR in the global market over the projection period. Further, rising growing GDP, changing lifestyle of consumers, and the strong economic growth in countries like China, Thailand, Korea, Japan, and India, are the factors that are anticipated to push the market growth in the bioplastics & biopolymers market in the future.

The key players of the Global Bioplastics & Biopolymers Market include NatureWorks (Italy), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia), Arkema (France), Cardia Bioplastics (Australia), Futerro (Belgium), FKUR Kunstsoff (Germany), Green Dot Bioplastics (US), PTT MCC Biochem (Thailand), Succinity (Germany), Synbra Technology (Netherland), Tianan Biologic Materials (China), Zhejiang Hisun Biomaterials (China).

1. Introduction                 

               1.1 Market Definition     

               1.2 Scope of the report  

               1.3 Study Assumptions   

               1.4 Base Currency, Base Year and Forecast Periods            

2. Research Methodology                           

               2.1 Analysis Design          

               2.2 Research Phases       

                              2.2.1 Secondary Research

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling

                              2.2.4 Expert Validation

               2.3 Study Timeline           

3. Report Overview                        

               3.1 Executive Summary  

               3.2 Key Inferencees        

4. Market Dynamics                       

               4.1 Impact Analysis         

                              4.1.1 Drivers

                              4.1.2 Restaints

                              4.1.3 Opportunities

               4.2 Regulatory Environment        

               4.3 Technology Timeline & Recent Trends              

5. Competitor Benchmarking Analysis                     

               5.1 Key Player Benchmarking       

                              5.1.1 Market share analysis

                              5.1.2 Products/Service

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape        

               5.3 Joint Ventures & Collaborations          

6. Market Segmentation               

               6.1 Bioplastics & Biopolymers Market, By Chemical Type  

                              6.1.1 Bio-Polyethylene Terephthalate

                              6.1.2 Bio-PET

                              6.1.3 Starch Blends

                              6.1.4 Polylactic Acid/PLA

                              6.1.5 Polyamide

                              6.1.6 Polytrimethylene Terephthalate/PTT

                              6.1.7 Bio-polyethylene/Bio-PE

                              6.1.8 Market Size Estimations & Forecasts (2019-2024)

                              6.1.9 Y-o-Y Growth Rate Analysis

                              6.1.10 Market Attractiveness Index

               6.2 Bioplastics & Biopolymers Market, By Product Type    

                              6.2.1 Bottles

                              6.2.2 Cups

                              6.2.3 Cans

                              6.2.4 Corrugated Cases

                              6.2.5 Boxes

                              6.2.6 Plates

                              6.2.7 Market Size Estimations & Forecasts (2019-2024)

                              6.2.8 Y-o-Y Growth Rate Analysis

                              6.2.9 Market Attractiveness Index

               6.3 Bioplastics & Biopolymers Market, By End-User           

                              6.3.1 Packaging

                              6.3.2 Automotive

                              6.3.3 Textile

                              6.3.4 Agriculture

                              6.3.5 Electronics

                              6.3.6 Building & Construction

                              6.3.7 Coatings & Adhesives

                              6.3.8 Consumer Goods

                              6.3.9 Market Size Estimations & Forecasts (2019-2024)

                              6.3.10 Y-o-Y Growth Rate Analysis

                              6.3.11 Market Attractiveness Index

               6.4 Bioplastics & Biopolymers Market, By Raw Material    

                              6.4.1 Sugarcane

                              6.4.2 Sugarbeet

                              6.4.3 Corn

                              6.4.4 Potato

                              6.4.5 Wheat

                              6.4.6 Castor Oil

                              6.4.7 Market Size Estimations & Forecasts (2019-2024)

                              6.4.8 Y-o-Y Growth Rate Analysis

                              6.4.9 Market Attractiveness Index

7. Geographical Landscape                         

               7.1 Global Identity Governance and Administration Market, by Region        

               7.2 North America - Market Analysis (2018 - 2024)             

                              7.2.1 By Country

                              7.2.2 By Chemical Type

                              7.2.3 By Product Type

                              7.2.4 By End-User

                              7.2.5 By Raw Material

               7.3 Europe         

                              7.3.1 By Country

    7.3.2 By Chemical Type

                              7.3.3 By Product Type

                              7.3.4 By End-User

                              7.3.5 By Raw Material

               7.4 Asia Pacific  

                              7.4.1 By Country

    7.4.2 By Chemical Type

                              7.4.3 By Product Type

                              7.4.4 By End-User

                              7.4.5 By Raw Material

               7.5 Latin America            

                              7.5.1 By Country    

                              7.5.2 By Chemical Type

                              7.5.3 By Product Type

                              7.5.4 By End-User

                              7.5.5 By Raw Material

               7.6 Middle East and Africa            

                              7.6.1 By Country        

                              7.6.2 By Chemical Type

                              7.6.3 By Product Type

                              7.6.4 By End-User

                              7.6.5 By Raw Material

8. Key Player Analysis                    

               8.1 NatureWorks             

                              8.1.1 Business Description

                              8.1.2 Products/Service

                              8.1.3 Financials

                              8.1.4 SWOT Analysis

                              8.1.5 Recent Developments

                              8.1.6 Analyst Overview

               8.2 Braskem       

               8.3 BASF SE        

               8.4 Total Corbion            

               8.5 Novamont   

               8.6 Biome Bioplastics     

               8.7 Mitsubishi Chemical Holding Corporation        

               8.8 Biotec           

               8.9 Toray Industries        

               8.10 Plantic Technologies             

9. Market Outlook & Investment Opportunities                   

Appendix                           

               List of Tables     

               List of Figures    

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of materials, by application, type, end-user, and region along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Bioplastics & Biopolymers Market By Region, From 2021-2026( USD Billion )

  2. Global Bioplastics & Biopolymers Market By Chemical Type, From 2021-2026( USD Billion )

  3. Global Bio-Polyethylene Terephthalate Market By Region, From 2021-2026( USD Billion )

  4. Global Bio-PET Market By Region, From 2021-2026( USD Billion )

  5. Global Starch Blends Market By Region, From 2021-2026( USD Billion )

  6. Global Polylactic Acid/PLA Market By Region, From 2021-2026( USD Billion )

  7. Global Polyamide Market By Region, From 2021-2026( USD Billion )

  8. Global Polytrimethylene Terephthalate/PTT Market By Region, From 2021-2026( USD Billion )

  9. Global Bio-polyethylene/Bio-PE Market By Region, From 2021-2026( USD Billion )

  10. Global Bioplastics & Biopolymers Market By Product Type, From 2021-2026( USD Billion )

  11. Global Bottles Market By Region, From 2021-2026( USD Billion )

  12. Global Cups Market By Region, From 2021-2026( USD Billion )

  13. Global Cans Market By Region, From 2021-2026( USD Billion )

  14. Global Corrugated Cases Market By Region, From 2021-2026( USD Billion )

  15. Global Boxes Market By Region, From 2021-2026( USD Billion )

  16. Global Plates Market By Region, From 2021-2026( USD Billion )

  17. Global Bioplastics & Biopolymers Market By End-User, From 2021-2026( USD Billion )

  18. Global Packaging Market By Region, From 2021-2026( USD Billion )

  19. Global Flexible Market By Region, From 2021-2026( USD Billion )

  20. Global Rigid Market By Region, From 2021-2026( USD Billion )

  21. Global Automotive Market By Region, From 2021-2026( USD Billion )

  22. Global Textile Market By Region, From 2021-2026( USD Billion )

  23. Global Agriculture Market By Region, From 2021-2026( USD Billion )

  24. Global Electronics Market By Region, From 2021-2026( USD Billion )

  25. Global Building & Construction Market By Region, From 2021-2026( USD Billion )

  26. Global Coatings & Adhesives Market By Region, From 2021-2026( USD Billion )

  27. Global Consumer Goods Market By Region, From 2021-2026( USD Billion )

  28. Global Bioplastics & Biopolymers Market By Raw Material, From 2021-2026( USD Billion )

  29. Global Sugarcane Market By Region, From 2021-2026( USD Billion )

  30. Global Sugarbeet Market By Region, From 2021-2026( USD Billion )

  31. Global Corn Market By Region, From 2021-2026( USD Billion )

  32. Global Potato Market By Region, From 2021-2026( USD Billion )

  33. Global Wheat Market By Region, From 2021-2026( USD Billion )

  34. Global Castor Oil Market By Region, From 2021-2026( USD Billion )

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