Global Bioplastics Market - Segmented by Type, Origin, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4536161
  • Report
  • Region: Global
  • 130 pages
  • Mordor Intelligence
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  • API S.p.A
  • Bioapply polymers
  • Corbion
  • Kaneka Corporation
  • Novamont S.P.A.
  • Solvay SA
  • MORE
The global Bioplastics market was estimated at 3,123.24 kilo tons in 2017, and is expected to register an estimated CAGR of 26.03%, during the forecast period (2018 - 2023). One of the major drivers for the increasing demand in this market is the increasing environmental concerns, globally, and governments of the developed and developing nations encouraging environment friendly products.

Shift toward Environment Friendly Products

Due to the increasing environmental regulations and government initiatives of growing awareness, the consumers are increasingly shifting toward bio-based plastics. Increasing number of bans on traditional plastics is one of the major drivers for growth of this market.

Additionally, the fluctuations in oil prices and the change of laws regarding the usage of petroleum-based plastics helped accelerate the demand for ecofriendly bioplastic products.

The processing cost for Bioplastics is comparatively very high than the traditional petroleum-drive plastic, which is hindering its growth. Additionally, the recycling process for Bioplastics is too complex and expensive to maintain.

Non-Biodegradable Plastics Dominates the Market

Bioplastics are segmented into biodegradable plastics (bio-based and fossil-based) and non-biodegradable plastics (bio-based). Currently, non-biodegradable plastics (bio-based) account for around 72% of bioplastic market. Bio-based, non-biodegradable plastics, including the drop-in solutions, such as, bio-based PE (polyethylene), bio-based PET (polyethylene terephthalate), and bio-based PA (polyamides), currently make up for around 56% of the global bioplastics production capacities. The production of bio-based PE is predicted to continue to grow, as new capacities are planned in Europe, during the forecast period. Bio-based PE is used in packaging applications, such as, carry bags, plastic films, and bottles. Volatile prices, coupled with the limited availability of crude oil, are expected to force polymer manufacturers to develop bio-based alternatives, including bio-based PE. In addition, the renewable nature of bio-based PE makes it an eco-friendly substitute to its chemical counterparts, which is further expected to boost the demand for the bio-based market

The Asia-Pacific Region has the Highest Production

Globally, the production of Bioplastics is the highest in Asia-Pacific, due to the increasing investments made by major market players, along with a large amount of feedstock. The growing packaging industry, both rigid and flexible packaging, in Asia-Pacific, which also accounts for more than 80% of bioplastic market in Asia-pacific, is the reason for higher production. The bioplastic market for Asia-Pacific was estimated at 489.36 kilo tons 2017, due to the growing demands from countries, like China, India, South Korea, and Japan.

Notable Developments in the Market

February 2018: Growing opportunity for startups in the global bioplastics sales industry.

The major players include - BRASKEM, NATUREWORKS (CARGILL), NOVAMONT, BASF, CORBION, PSM, DUPONT, and ARKEMA, amongst others.

Reasons to Purchase the 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

To understand the dominating technology in the market

Countries expected to witness the fastest growth during the forecast period

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

3 months 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 representative, who will ensure you to get a report that suits your needs
Note: Product cover images may vary from those shown
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  • API S.p.A
  • Bioapply polymers
  • Corbion
  • Kaneka Corporation
  • Novamont S.P.A.
  • Solvay SA
  • MORE
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report

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
3.3 Patent Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand and Purchasing Power of Growing economies
4.1.2 Government Policies and Public Initiatives
4.1.3 Environmental friendly Products
4.2 Restraints
4.2.1 High Cost of Setup and Recycing Process
4.2.2 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 Advancement in making Process

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 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 US
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Spain
6.3.6 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

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 API S.p.A
8.2 Arkema SA
8.3 Bioamber Inc.
8.4 Bioapply polymers
8.5 BASF Ag-Bio Plastics market
8.6 Biotec
8.7 Braskem
8.8 Corbion
8.9 DowDuPont
8.10 Futerro
8.11 Green day Eco Friendly Material C0. ltd
8.12 Kaneka Corporation
8.13 Meridian Holdings Group Inc(MHG)
8.14 Metbolix Inc
8.15 Mitsubishi chemical Corporation
8.16 Natureworks LLC
8.17 Novamont S.P.A.
8.18 Plantic Technologies Ltd
8.19 Showa Denko KK
8.20 Solvay SA
8.21 Tianjin green Bio Material Co Ltd
8.22 Toray International Inc
8.23 Trelis Bioplastics

9. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
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  • API S.p.A
  • Arkema SA
  • Bioamber Inc.
  • Bioapply polymers
  • BASF Ag-Bio Plastics market
  • Biotec
  • Braskem
  • Corbion
  • DowDuPont
  • Futerro
  • Green day Eco Friendly Material C0. ltd
  • Kaneka Corporation
  • Meridian Holdings Group Inc(MHG)
  • Metbolix Inc
  • Mitsubishi chemical Corporation
  • Natureworks LLC
  • Novamont S.P.A.
  • Plantic Technologies Ltd
  • Showa Denko KK
  • Solvay SA
  • Tianjin green Bio Material Co Ltd
  • Toray International Inc
  • Trelis Bioplastics
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown