This study intends to unfurl the multiple facets of global bioplastics market. The insights offered in the report aid in market growth examination during the forecast period.
Key Report Findings
- Global bioplastics industry poised to display notable growth in long term
- Growing adoption of biodegradable bioplastics to boost revenue
- Uptake from packaging industry instrumental to build-up of bioplastics market
- Growth prospects elevate as application for flexible packaging rises
- Asia Pacific accounts for over 50% total bioplastics production volumes
Market Analysis in Brief
Bioplastics are widely used in flexible packaging sector as the packaging industry accelerates its journey toward a sustainable future. Bioplastics-based films are extensively going into packaging of food and non-food products, beverage bottles, medicines, healthcare and hygiene products, and much more. Application has also been growing across electronics sector. However, primary industry research reveals that availability of certain cheaper material alternatives on the market may hamper the potential of bioplastics market in the long run. Europe currently leads its way in bioplastics consumption, shows research.
Growth Drivers
Bioplastics Become an Essential Component of a Sustainable Economy
While global bioplastics production capacities stood at 2.1 MT in 2018, this number represents just over 1% of the total production of plastics. Every year, more than 200 million tons of plastic waste is generated worldwide, of which only 8-9% is being recycled, and over 75% ends up in landfills and nature. An alternative solution to conventional plastics is the need of the hour. Bioplastics, a type of biodegradable plastic derived from renewable biomass sources such as cellulose, vegetable oil and fats, lignin, starch, sugars, and agricultural waste, significantly helps in reducing the direct impact of plastics on our environment. The dire need for effective sustainable solutions is expected to primarily drive the growth of the global bioplastics market. The progress of the bioplastics industry resulted in doubled production capacity over the last decade.
Growth Challenges
Continuous Product Development
Major challenges for bioplastics are continuous improvement in the performance characteristics against their fossil fuel counterparts. Over-reliance on feedstock supplies for better economies of scale is also a major challenge for the bioplastics market. The COVID-19 crisis had a significant impact on the demand and sales dynamics of bioplastics. A sharp decline in oil prices is likely to threaten the huge price gap between conventional plastics, and bioplastics. However, the rise in single-use plastics in packaging during the emergency period of the pandemic will comfort the bioplastics market in the long term. Another factor restraining market growth potential is the development of disruptive technologies that needs further scaling up to match manufacturing outputs as this can be both expensive and complex.
Overview of Key Segments
Substantial Demand from Packaging and Automotive Industries
Packaging is one of the major consumer industries of bioplastics and consumed around two-thirds of the total volume in 2018. One of the most crucial factors behind this growth is the increasing emphasis on biobased products to reduce the carbon footprint in manufacturing coupled with a focus on minimal environmental impact of disposal. Bioplastics are considered among the key element for shifting the plastics industry from a wasteful linear economy to a circular economy. New bioplastic polyethylene furanoate (PEF) is expected to enter the bioplastics market in the coming years. This product is expected to be an ideal material for the packaging industry on account of its superior barrier and thermal properties.
The automotive industry has observed significant variations in terms of material consumption. Traditionally, bioplastics are majorly used in interior automotive applications. However, there is a growing trend towards its usage in exterior and under-the-hood applications as well. Bioplastics not only help in curtailing the environmental impacts of car manufacturing by reducing CO2 emissions, but also its overall dependency of bioplastics industry on volatile energy markets.
There is also a growing trend in the consumption of bioplastics in the biomedical industry. Bioplastics can be widely used in tissue engineering, drug delivery, wound management, orthopedic devices, and creating fibrous scaffolds owing to their good storage modulus, bioresorbable and crystallinity properties. As bioplastics are biodegradable, non-toxic, and versatile compared to their fossil fuel counterparts, they are considered among one of the most promising materials in the medical industry.
Growth Opportunities Across Regions
Western Regional Markets Continue to Surge Ahead
In terms of consumption, Europe dominates the market. Bioplastics have become a vital aspect of the European lifestyle, and this region has been at the forefront of the development of a circular economy and supportive sustainable strategies. The regions of North America and Europe continue to lead the bioplastics industry in research and innovation. On the other hand, Asia Pacific accounted for more than 50% of the global production of bioplastics in 2018. The bioplastics market in this region has indexed significant growth in demand within the flexible packaging sector. The growing adoption of flexible packaging applications is expected to continue being one of the key driving forces for the market in the Asia Pacific. Favourable government initiatives and supportive regulatory policies have been recently playing a crucial role in limiting the usage of non-biodegradable plastics, which in turn is creating opportunities for bioplastics market players in this region.
Competitive Landscape: Global Bioplastics Market
Technological developments and raw material innovations are considered mainstays for companies engaged in the bioplastics market. Companies such as Eastman have come up with cellulose-based bioplastics (Trēva™) which are sustainable and can replace existing engineering polymers like ABS. Novamont recently launched a new grade of bioplastics that can be composted in industrial plants per the standard UNI EN 13432. In 2018, Total Corbion PLA developed a novel technology that can create stereocomplex PLA for a wide range of industrial applications. This development created a bio-based replacement for PA and PBT fibre-reinforced products.
Key Market Players
Solvay, BASF SE, TEIJIN LIMITED, Toyota Tsusho Corporation, TORAY INDUSTRIES, INC., NatureWorks LLC, SABIC, Avantium, PTT MCC Biochem Co., Ltd., Futerro, Trinseo S.A., Braskem, SUPLA (JIANGSU SUPLA BIOPLASTICS CO., LTD.), and Total Corbion PLAIR constitute some of the prominent players steering the competitive landscape of the global bioplastics market space.
Regional Classification of Global Bioplastics Market is Listed Below:
North America
- U.S.
- Canada
Europe
- Germany
- France
- Spain
- U.K.
- Italy
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Executive Summary
1.1. Global Bioplastics Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-covid and Post-covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Share of rPET in Parent Market
2.9. Raw Material Analysis
2.10. Economic Analysis
3. Production Output and Trade Statistics, 2019 – 2022
3.1. Bioplastics Supply-Demand Analysis
3.2. Regional Production Statistics
3.2.1. North America
3.2.2. Europe
3.2.3. Asia Pacific
3.2.4. Latin America
3.2.5. Middle East & Africa
4. Price Trends Analysis and Future Projects, 2019 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Product and By End-users
4.4. By Region
5. Global Bioplastics Market Outlook, 2019 - 2030
5.1. Global Bioplastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.1.1. Key Highlights
5.1.1.1. Non-biodegradable
5.1.1.1.1. PE
5.1.1.1.2. PET
5.1.1.1.3. PA
5.1.1.1.4. PTT
5.1.1.1.5. Misc. (PP, etc.)
5.1.1.2. Biodegradable
5.1.1.2.1. PBAT
5.1.1.2.2. PLA
5.1.1.2.3. PBS
5.1.1.2.4. Starch Blends
5.1.1.2.5. PHA
5.1.1.2.6. Misc. (Cellulose Films, etc.)
5.2. Global Bioplastics Market Outlook, by End-users, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.2.1. Key Highlights
5.2.1.1. Packaging
5.2.1.1.1. Rigid
5.2.1.1.2. Flexible
5.2.1.2. Consumer Goods
5.2.1.3. Textiles
5.2.1.4. Agriculture
5.2.1.5. Automotive
5.2.1.6. Automotive
5.2.1.7. Electrical & Electronics
5.2.1.8. Building & Construction
5.2.1.9. Misc. (Medical, etc.)
5.3. Global Bioplastics Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. North America Bioplastics Market Outlook, 2019 - 2030
6.1. North America Bioplastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
6.1.1. Key Highlights
6.1.1.1. Non-biodegradable
6.1.1.1.1. PE
6.1.1.1.2. PET
6.1.1.1.3. PA
6.1.1.1.4. PTT
6.1.1.1.5. Misc. (PP, etc.)
6.1.1.2. Biodegradable
6.1.1.2.1. PBAT
6.1.1.2.2. PLA
6.1.1.2.3. PBS
6.1.1.2.4. Starch Blends
6.1.1.2.5. PHA
6.1.1.2.6. Misc. (Cellulose Films, etc.)
6.2. North America Bioplastics Market Outlook, by End-users, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
6.2.1. Key Highlights
6.2.1.1. Packaging
6.2.1.1.1. Rigid
6.2.1.1.2. Flexible
6.2.1.2. Consumer Goods
6.2.1.3. Textiles
6.2.1.4. Agriculture
6.2.1.5. Automotive
6.2.1.6. Automotive
6.2.1.7. Electrical & Electronics
6.2.1.8. Building & Construction
6.2.1.9. Misc. (Medical, etc.)
6.3. North America Bioplastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
6.3.1. Key Highlights
6.3.1.1. U.S.
6.3.1.2. Canada
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Bioplastics Market Outlook, 2019 - 2030
7.1. Europe Bioplastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
7.1.1. Key Highlights
7.1.1.1. Non-biodegradable
7.1.1.1.1. PE
7.1.1.1.2. PET
7.1.1.1.3. PA
7.1.1.1.4. PTT
7.1.1.1.5. Misc. (PP, etc.)
7.1.1.2. Biodegradable
7.1.1.2.1. PBAT
7.1.1.2.2. PLA
7.1.1.2.3. PBS
7.1.1.2.4. Starch Blends
7.1.1.2.5. PHA
7.1.1.2.6. Misc. (Cellulose Films, etc.)
7.2. Europe Bioplastics Market Outlook, by End-users, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
7.2.1. Key Highlights
7.2.1.1. Packaging
7.2.1.1.1. Rigid
7.2.1.1.2. Flexible
7.2.1.2. Consumer Goods
7.2.1.3. Textiles
7.2.1.4. Agriculture
7.2.1.5. Automotive
7.2.1.6. Automotive
7.2.1.7. Electrical & Electronics
7.2.1.8. Building & Construction
7.2.1.9. Misc. (Medical, etc.)
7.3. Europe Bioplastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
7.3.1. Key Highlights
7.3.1.1. Germany
7.3.1.2. France
7.3.1.3. U.K.
7.3.1.4. Italy
7.3.1.5. Spain
7.3.1.6. Turkey
7.3.1.7. Russia
7.3.1.8. Rest of Europe
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Bioplastics Market Outlook, 2019 - 2030
8.1. Asia Pacific Bioplastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
8.1.1. Key Highlights
8.1.1.1. Non-biodegradable
8.1.1.1.1. PE
8.1.1.1.2. PET
8.1.1.1.3. PA
8.1.1.1.4. PTT
8.1.1.1.5. Misc. (PP, etc.)
8.1.1.2. Biodegradable
8.1.1.2.1. PBAT
8.1.1.2.2. PLA
8.1.1.2.3. PBS
8.1.1.2.4. Starch Blends
8.1.1.2.5. PHA
8.1.1.2.6. Misc. (Cellulose Films, etc.)
8.2. Asia Pacific Bioplastics Market Outlook, by End-users, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
8.2.1. Key Highlights
8.2.1.1. Packaging
8.2.1.1.1. Rigid
8.2.1.1.2. Flexible
8.2.1.2. Consumer Goods
8.2.1.3. Textiles
8.2.1.4. Agriculture
8.2.1.5. Automotive
8.2.1.6. Automotive
8.2.1.7. Electrical & Electronics
8.2.1.8. Building & Construction
8.2.1.9. Misc. (Medical, etc.)
8.3. Asia Pacific Bioplastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
8.3.1. Key Highlights
8.3.1.1. China
8.3.1.2. Japan
8.3.1.3. South Korea
8.3.1.4. India
8.3.1.5. Southeast Asia
8.3.1.6. Rest of Asia Pacific
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Bioplastics Market Outlook, 2019 - 2030
9.1. Latin America Bioplastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
9.1.1. Key Highlights
9.1.1.1. Non-biodegradable
9.1.1.1.1. PE
9.1.1.1.2. PET
9.1.1.1.3. PA
9.1.1.1.4. PTT
9.1.1.1.5. Misc. (PP, etc.)
9.1.1.2. Biodegradable
9.1.1.2.1. PBAT
9.1.1.2.2. PLA
9.1.1.2.3. PBS
9.1.1.2.4. Starch Blends
9.1.1.2.5. PHA
9.1.1.2.6. Misc. (Cellulose Films, etc.)
9.2. Latin America Bioplastics Market Outlook, by End-users, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
9.2.1. Key Highlights
9.2.1.1. Packaging
9.2.1.1.1. Rigid
9.2.1.1.2. Flexible
9.2.1.2. Consumer Goods
9.2.1.3. Textiles
9.2.1.4. Agriculture
9.2.1.5. Automotive
9.2.1.6. Automotive
9.2.1.7. Electrical & Electronics
9.2.1.8. Building & Construction
9.2.1.9. Misc. (Medical, etc.)
9.3. Latin America Bioplastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
9.3.1. Key Highlights
9.3.1.1. Brazil
9.3.1.2. Mexico
9.3.1.3. Rest of Latin America
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Bioplastics Market Outlook, 2019 - 2030
10.1. Middle East & Africa Bioplastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
10.1.1. Key Highlights
10.1.1.1. Non-biodegradable
10.1.1.1.1. PE
10.1.1.1.2. PET
10.1.1.1.3. PA
10.1.1.1.4. PTT
10.1.1.1.5. Misc. (PP, etc.)
10.1.1.2. Biodegradable
10.1.1.2.1. PBAT
10.1.1.2.2. PLA
10.1.1.2.3. PBS
10.1.1.2.4. Starch Blends
10.1.1.2.5. PHA
10.1.1.2.6. Misc. (Cellulose Films, etc.)
10.2. Middle East & Africa Bioplastics Market Outlook, by End-users, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
10.2.1. Key Highlights
10.2.1.1. Packaging
10.2.1.1.1. Rigid
10.2.1.1.2. Flexible
10.2.1.2. Consumer Goods
10.2.1.3. Textiles
10.2.1.4. Agriculture
10.2.1.5. Automotive
10.2.1.6. Automotive
10.2.1.7. Electrical & Electronics
10.2.1.8. Building & Construction
10.2.1.9. Misc. (Medical, etc.)
10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Bioplastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
10.3.1. Key Highlights
10.3.1.1. GCC
10.3.1.2. South Africa
10.3.1.3. Rest of Middle East & Africa
10.3.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis, 2021
11.2. Competitive Dashboard
11.3. Product vs Application Heatmap
11.4. Company Manufacturing Footprint Analysis
11.5. Company Profiles
11.5.1. BASF SE
11.5.1.1. Company Overview
11.5.1.2. Product Portfolio
11.5.1.3. Financial Overview
11.5.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
11.5.2. TotalEnergies Corbion
11.5.3. Mitsubishi Chemical
11.5.4. Eastman
11.5.5. NatureWorks LLC
11.5.6. Covation Biomaterials
11.5.7. Avantium
11.5.8. Kaneka Corporation
11.5.9. Futamura
11.5.10. Jinhui Zhaolong High Tech.
11.5.11. Zhejiang Hisun Biomaterials
11.5.12. Bio Valore World SpA
11.5.13. ANKOR Bioplastics
11.5.14. Celanese Corporation
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations
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HISTORICAL DATA |
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2022 |
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2018 - 2022 |
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2023 - 2030 |
Value: US$ Mn Volume: Kilo Tons |
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REPORT FEATURES |
DETAILS |
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Product Coverage |
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End-user Coverage |
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Geographical Coverage |
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Leading Companies |
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Report Highlights |
Market Estimates and Forecast, Market Dynamics, Industry Trends, Production Output, Trade Statistics, Prices Trend Analysis, Competition Landscape, Product -, End-user-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply), Key Market Trends |
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