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South America Bioplastics Market - Segmented By Product Type, Origin, Application and Geography - Growth, Trends, and Forecast (2018 - 2023)

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  • 122 Pages
  • April 2018
  • Mordor Intelligence
  • ID: 4520281
The South America bioplastics market is expected to witness a CAGR of 25.5% during the forecasted period and is estimated to be home to 45% of global bioplastic production capacity. Brazil accounts for more than 50% share of the total production capacity in South America market. The markets in Colombia, Chile, and Argentina are also witnessing a high growth rate.

Economic Advantage in the Long Run

The environmental dilemma caused on reaching a high emission level of greenhouse gases in the atmosphere is one of the major drivers for the bioplastics market. Additionally, the fluctuation in oil prices and the change of laws in the usage of petroleum-based plastics helped accelerate the demand for the bioplastics. Globally, the production of bioplastics is the highest in South America. Bioplastics have moved from the initial phase of market introduction to increasing demand in the market. Owing to this change, the South America manufacturing companies have been introducing environment-friendly bioplastics in their product line. These companies are expected to offer up to 50% of bio-based products by the year 2020, which will also subsequently result in the new applications of bioplastics.

Growing Production for Bioplastic in South American Region

Bio-based plastics are based, partially or completely, on natural resources, such as industrial cane sugar, sugar beet, corn, potatoes, natural rubber, and cassava. These raw materials are readily available, especially in the developing countries, such as Brazil, Mexico, and Argentina, which leads to high bioplastic production in South American countries. The high plastic production of South America market adds to the growing market. Volatile prices coupled with limited availability of crude oil are expected to force polymer manufacturers in South America to develop bio-based alternatives including bio-based PE. In addition, renewable nature of bio-based PE makes it an eco-friendly substitute to chemical counterparts, which are expected to grow the production of bio-based market in South America Market.

Brazil is High Potential Market

Brazil is the largest market for Bioplastic market in South America. With the explosion of industries in Brazil, along with increasing environmental concerns, the demand for bioplastics and the production of bioplastics has multiplied manifolds. Brazil has seen the largest industrial growth and leads in South America in the production of bioplastic. Mutsui and Dow have planned to build bioplastic plant in Brazil. This development in Brazil is seen as a trend among other market players as well. The soaring demand for flexible packaging in the Brazil market is also a reason to push the market growth of Bioplastics. Thus, Brazil is a high potential market in South America region.

Notable Developments in the Market

March 2018: LEGO was set to launch first bioplastic collection made from sugarcane

November 2017: Super cyanobacteria started producing bioplastic faster and cheaper. This resulted in faster production time and increased production capacity

November 2018: NOVAMONT presented the potential of bioplastics and solutions in MATER-BI in Argentina

Major Players: The Dow Chemical Co., Arkema Sa, Bioamber Inc, Basf Ag-Bio Plastics market, Braskem, Corbion, Green day Eco Friendly Material Co. Ltd, Meridian Holdings Group Inc(MHG), Metbolix Inc, Mitsubishi Chemical Corporation, Natureworks LLC, Novamont S.P.A., Plantic Technologies Ltd, Showaenko KK, and Solvay SA, among others

Reasons to Purchase this Report

To understand the impact of end-user applications on the market

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

Countries expected to witness the fastest growth during the forecast period

Identifying the latest developments, market shares, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you to get a report that suits your needs

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Table of Contents

1. Introduction
1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand and Purchasing Power in the economy
4.1.2 High availability of Raw Materials in South America Countries
4.1.3 Economic Advantage in the Long Run
4.1.4 Growing Production for Bioplastic in South American Region
4.2 Restraints
4.2.1 High Cost of Recycing Process
4.2.2 Reluctance of Manufacturers in South America to shift towards Bioplastics
4.2.3 Low Price of Substitutes (primarily Petrol-Based Products)
4.3 Opportunities
4.3.1 Substitute for Petroleum Based Plastics
4.3.2 Government Regulation on Tradational Plastic Products
4.3.3 Research and Development for Bioplastics
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product type
5.1.1 Bio and Fossil based biogeradables Starch Based Polylactic Acid(PLA) Polyhydroxyalkanoates(PHA) Polyesters Cellulose Derivatives
5.1.2 Bio based Non-biodegradable Biopolyethylene Terephthalate(PET) Biopolyethylene Bio ployamides Bio polytrimethylene Terephthalate Other non biodegradable plastics
5.2 By Origin
5.2.1 Bio Based Plastics
5.2.2 Fossil Fuel Based Plastics
5.3 By Application
5.3.1 Flexible Packaging (Films, Plastics Bags, etc.)
5.3.2 Rigid Packaging (Bottles, Containers, etc.)
5.3.3 Automotive and Assembly Operations
5.3.4 Agriculture and Horticulture
5.3.5 Construction
5.3.6 Textiles
5.3.7 Electrical and Electronics
5.3.8 Others
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Brazil
6.2 Argentina
6.3 Rest of South America
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Arkema Sa
8.2 Basf Ag-Bio Plastics market
8.3 Bioamber Inc
8.4 Braskem
8.5 Corbion
8.6 DowDupont
8.7 Green day Eco Friendly Material Co. Ltd
8.8 Meridian Holdings Group Inc(MHG)
8.9 Metbolix Inc
8.10 Mitsubishi Chemical Corporation
8.11 Natureworks LLC
8.12 Novamont S.P.A.
8.13 Plantic Technologies Ltd
8.14 Showa Denko KK
8.15 Solvay SA
*List Not Exhaustive
9. Disclaimer
**Subject to availability on public domain

Companies Mentioned

A selection of companies mentioned in this report includes:

  • DowDuPont

  • Arkema Sa

  • Bioamber Inc

  • Basf Ag-Bio Plastics market

  • Braskem

  • Corbion

  • Green day Eco Friendly Material Co. Ltd

  • Meridian Holdings Group Inc(MHG)

  • Metbolix Inc

  • Mitsubishi Chemical Corporation

  • Natureworks LLC

  • Novamont S.P.A.

  • Plantic Technologies Ltd

  • Showa Denko KK

  • Solvay SA