Report Description

Global Bioplastics & Biopolymers market is anticipated to increase at an impressive rate through 2028 due to the increasing demand from the end use such as packaging. In 2020, the consumption volume of plastic products in China grew by 12 percent.

Toxic chemical elements of plastic materials seep into beverages, food, and water when they are used over an extended period and exposed to high temperatures. As per the data released by the European Plastic Association, an estimated 8 million tonnes of plastic are dumped into the ocean each year, causing the marine habitat to deteriorate, and ultimately affecting aquatic life.

Growing Environmental Concerns and Driving Towards Sustainability.
Due to growing environmental concerns, biodegradable plastics market is projected to improve throughout the forecast period. Banning single-use plastic is a revolution that has been gaining momentum since the past many months. Already, railways, airlines, hotels, and residential societies are waking up to cut down single-use plastic use to save the planet and the ocean from becoming more polluted. From 3 July 2021, single-use plastic plates, cutlery, straws, balloon sticks and cotton buds cannot be placed on the markets of the EU Member States. Globally, consumer preferences are moving toward goods and producers that can provide products equipped with sustainable motives. India has banned the manufacture, sale, and use of identified single-use plastic items like plates, cups, straws, trays, and polystyrene from July 1, 2022. The industry will witness brands and manufacturers coming together to develop sustainable packaging solutions and build a circular economy.

Economic Benefits of Bioplastics & Biopolymers
To manufacture plastics, around approximately 8% of crude oil is extracted. Bioplastics & Biopolymers can reduce expenditure on crude oil and electricity. According to the recent study, around 980 kg of recycled plastic saves 680 gallons of oil, nearly 5,700 kWh of electricity, and more than 28 cubic yards of landfill space. Furthermore, the price of recycled plastics is usually lower than that of its virgin counterpart. Swachh Pune, an informal waste management service in the City of Pune in India, achieves considerable plastic waste segregation and high recycling levels. It collects around 28,000 tons of plastic material annually, thereby diverting around 51% of the plastic waste in the city from landfills. Swachh Pune carry out plastic waste collection and recycling activities at a much lesser cost than conventional or formal mechanized and centralized waste management approaches. Waste pickers in the service save an estimated US$ 12.5 Mn each year in labor, transportation, waste collection & sorting equipment, and processing costs.

Increasing Demand for Electricity from Sustainable Sources Driving the Growth
Ongoing research and development operation worldwide is driving it to sustainable development to ensure optimum and sensible use of the resources. Europe is the biggest leader in terms of research and development on bioplastics and biopolymers. The turbine blades of wind energy are made from glass fiber yarn, making them stiff and lighter in weight. As the technology is emerging, there is a massive opportunity that Bioplastics & Biopolymers to acquire a significant market share.

 Key Developments

  • KW Plastics signed a long-term scrap supply contract with the North American division of Clean Planet Energy, a cleantech, renewable, and alternative energy company. The division is constructing a pyrolysis plant in Alabama, U.S. The agreement will help turn around 20,000 tons of plastic residue generated at the current KW Plastics facility in Alabama into environmentally friendly circular products rather than being sent to landfill.
  • Japanese company Mitsui & Co. is in talks to build a bioplastics factory in the south-eastern U.S, creating one of the largest production sites worldwide for the plant-based packaging material.


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Market Segmentation
Global Bioplastics & Biopolymers market is segmented based on Type, End-User Industry, Company, and Region. In terms of type, the Bioplastics & Biopolymers market is categorized into Non-Biodegradable and Biodegradable. Based on , End-User Industry, market is divided into Bottles, Films, Fibres, Foams and Others.

Market Players
BASF SE, Biome Bioplastics Limited, Arkema S.A., BIOTEC biologische Naturverpackungen GmbH & Co, NatureWorks LLC, Novamont S.p.A., TotalEnergies Corbion, Toray Industries, Inc., Mitsubishi Chemical Holdings Corporation and Plantic Technologies Ltd  are some of the major market players.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in tons and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, Volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

           Type

           End User Industry

Regional scope

North America; Asia Pacific; Europe; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia;

Key companies profiled

BASF SE, Biome Bioplastics Limited, Arkema S.A., BIOTEC biologische Naturverpackungen GmbH & Co, NatureWorks LLC, Novamont S.p.A., TotalEnergies Corbion, Toray Industries, Inc., Mitsubishi Chemical Holdings Corporation and Plantic Technologies Ltd

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global Bioplastics & Biopolymers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Bioplastics & Biopolymers Market, By Type:
    • Non-Biodegradable
    • Biodegradable
  • Bioplastics & Biopolymers Market, By Source:
    • Packaging
    • Consumer Goods
    • Agriculture & Horticulture
    • Textile
    • Automotive & Transportation
    • Others
  • Global Bioplastics & Biopolymers Market, By region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Australia
      • Japan
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Bioplastics & Biopolymers market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Bioplastics & Biopolymers Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.   Markets Covered

1.2.2.   Years Considered for Study

1.2.3.   Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Bioplastics & Biopolymers Market Outlook

5.1.  Market Size & Forecast

5.1.1.   By Value & Volume

5.2.  Market Share & Forecast

5.2.1.   By Type (Non-Biodegradable vs Biodegradable)

5.2.2.   By End-Use Industry (Packaging, Consumer Goods, Agriculture & Horticulture, Textile, Automotive & Transportation and Others)

5.2.3.   By Company (2022)

5.2.4.   By Region

5.3.  Market Map

5.3.1.   By Type

5.3.2.   By End-Use Industry

6.    North America Bioplastics & Biopolymers Market Outlook

6.1.  Market Size & Forecast          

6.1.1.   By Value & Volume

6.2.  Market Share & Forecast

6.2.1.   By Type

6.2.2.   By End-Use Industry

6.2.3.   By Country

6.3.  North America: Country Analysis

6.3.1.   United States Bioplastics & Biopolymers Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1.               By Value & Volume

6.3.1.2. Market Share & Forecast

6.3.1.2.1.               By Type

6.3.1.2.2.               By End-Use Industry

6.3.2.   Mexico Bioplastics & Biopolymers Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1.               By Value & Volume

6.3.2.2. Market Share & Forecast

6.3.2.2.1.               By Type

6.3.2.2.2.               By End-Use Industry

6.3.3.   Canada Bioplastics & Biopolymers Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1.               By Value & Volume

6.3.3.2. Market Share & Forecast

6.3.3.2.1.               By Type

6.3.3.2.2.               By End-Use Industry

7.    Europe Bioplastics & Biopolymers Market Outlook

7.1.  Market Size & Forecast          

7.1.1.   By Value & Volume

7.2.  Market Share & Forecast

7.2.1.   By Type

7.2.2.   By End-Use Industry 

7.2.3.   By Country

7.3.  Europe: Country Analysis

7.3.1.   France Bioplastics & Biopolymers Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1.               By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1.               By Type

7.3.1.2.2.               By End-Use Industry

7.3.2.   Germany Bioplastics & Biopolymers Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1.               By Value & Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1.               By Type

7.3.2.2.2.               By End-Use Industry

7.3.3.   United Kingdom Bioplastics & Biopolymers Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1.               By Value & Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1.               By Type

7.3.3.2.2.               By End-Use Industry

7.3.4.   Italy Bioplastics & Biopolymers Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1.               By Value & Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1.               By Type

7.3.4.2.2.               By End-Use Industry

7.3.5.   Spain Bioplastics & Biopolymers Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1.               By Value & Volume

7.3.5.2. Market Share & Forecast

7.3.5.2.1.               By Type

7.3.5.2.2.               By End-Use Industry

8.    Asia-Pacific Bioplastics & Biopolymers Market Outlook

8.1.  Market Size & Forecast          

8.1.1.   By Value & Volume

8.2.  Market Share & Forecast

8.2.1.   By Type

8.2.2.   By End-Use Industry 

8.2.3.   By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.   China Bioplastics & Biopolymers Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1.               By Value & Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1.               By Type

8.3.1.2.2.               By End-Use Industry

8.3.2.   India Bioplastics & Biopolymers Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1.               By Value & Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1.               By Type

8.3.2.2.2.               By End-Use Industry

8.3.3.   South Korea Bioplastics & Biopolymers Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1.               By Value & Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1.               By Type

8.3.3.2.2.               By End-Use Industry

8.3.4.   Japan Bioplastics & Biopolymers Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1.               By Value & Volume

8.3.4.2. Market Share & Forecast

8.3.4.2.1.               By Type

8.3.4.2.2.               By End-Use Industry

8.3.5.   Australia Bioplastics & Biopolymers Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1.               By Value & Volume

8.3.5.2. Market Share & Forecast

8.3.5.2.1.               By Type

8.3.5.2.2.               By End-Use Industry

9.    South America Bioplastics & Biopolymers Market Outlook

9.1.  Market Size & Forecast          

9.1.1.   By Value & Volume

9.2.  Market Share & Forecast

9.2.1.   By Type

9.2.2.   By End-Use Industry 

9.2.3.   By Country

9.3.  South America: Country Analysis

9.3.1.   Brazil Bioplastics & Biopolymers Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1.               By Value & Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1.               By Type

9.3.1.2.2.               By End-Use Industry

9.3.2.   Argentina Bioplastics & Biopolymers Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1.               By Value & Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1.               By Type

9.3.2.2.2.               By End-Use Industry

9.3.3.   Colombia Bioplastics & Biopolymers Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1.               By Value & Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1.               By Type

9.3.3.2.2.               By End-Use Industry

10.  Middle East and Africa Bioplastics & Biopolymers Market Outlook

10.1.              Market Size & Forecast

10.1.1.                By Value & Volume

10.2.              Market Share & Forecast

10.2.1.                By Type

10.2.2.                By End-Use Industry 

10.2.3.                By Country

10.3.              MEA: Country Analysis

10.3.1.                South Africa Bioplastics & Biopolymers Market Outlook

10.3.1.1.              Market Size & Forecast

10.3.1.1.1.             By Value & Volume

10.3.1.2.              Market Share & Forecast

10.3.1.2.1.             By Type

10.3.1.2.2.             By End-Use Industry

10.3.2.                Saudi Arabia Bioplastics & Biopolymers Market Outlook

10.3.2.1.              Market Size & Forecast

10.3.2.1.1.             By Value & Volume

10.3.2.2.              Market Share & Forecast

10.3.2.2.1.             By Type

10.3.2.2.2.             By End-Use Industry

10.3.3.                UAE Bioplastics & Biopolymers Market Outlook

10.3.3.1.              Market Size & Forecast

10.3.3.1.1.             By Value & Volume

10.3.3.2.              Market Share & Forecast

10.3.3.2.1.             By Type

10.3.3.2.2.             By End-Use Industry

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

12.1.              Recent Developments

12.2.              Product Launches

12.3.              Mergers & Acquisitions

13.  PESTLE Analysis

14.  Porter’s Five Forces Analysis

14.1.              Competition in the Industry

14.2.              Potential of New Entrants

14.3.              Power of Suppliers

14.4.              Power of Customers

14.5.              Threat of Substitute Product

15.  Competitive Landscape

15.1.              Business Overview

15.2.              Company Snapshot

15.3.              Products & Services

15.4.              Financials (As Reported)

15.5.              Recent Developments

15.6.              SWOT Analysis

15.6.1.                BASF SE

15.6.2.                Biome Bioplastics Limited

15.6.3.                Arkema S.A.

15.6.4.                BIOTEC biologische Naturverpackungen GmbH & Co

15.6.5.                NatureWorks LLC

15.6.6.                Novamont S.p.A.

15.6.7.                TotalEnergies Corbion

15.6.8.                Toray Industries, Inc.

15.6.9.                Mitsubishi Chemical Holdings Corporation

15.6.10.              Plantic Technologies Ltd

16.  Strategic Recommendations

Figures and Tables

Frequently asked questions

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Growing environmental concerns and technological advancements in the industry are driving the demand for the global Bioplastics & Biopolymers market.

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BASF SE, Biome Bioplastics Limited, Arkema S.A., BIOTEC biologische Naturverpackungen GmbH & Co, NatureWorks LLC, Novamont S.p.A., TotalEnergies Corbion, Toray Industries, Inc., Mitsubishi Chemical Holdings Corporation and Plantic Technologies Ltd are some of the key players operating in the global Bioplastics & Biopolymers market.

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The major factors such as growing preference over virgin plastics rather than recycled plastics and high cost of recycling plastics are affecting the growth of the Global Bioplastics & Biopolymers market in the forecast period.

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The Asia-Pacific region is dominating the market and is expected to maintain its dominance over the next five years due to regional government policies and technological advancements in Southeast Asian countries.

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Sakshi Bajaal

Business Consultant
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