Bioplastics Market by Type and Application - Global Opportunity Analysis and Industry Forecast, 2018-2024

  • ID: 4580588
  • Report
  • Region: Global
  • 288 pages
  • Allied Analytics LLP
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Bioplastics are the family of products derived from the renewable feedstocks such as corn, sugarcane, and cellulose. Eco-friendly nature, availability of renewable feedstocks and favorable government policies were the prime reason for manufacturers to shift toward bio-based plastics. Increase in adoption of biodegradable products and improvement in scope of bioplastics in the end-user industries are the key factors that drive the growth of the bioplastics market. However, its high production cost and comparatively lower performance standard than traditional plastics hampers the market growth to a certain extent.

Bioplastics are consumed across a wide range of industries such as rigid packaging, flexible packaging, textile, agriculture & horticulture, consumer goods, automotive, electronics, building & construction, and others. In 2017, the adoption of bioplastics in rigid packaging was highest and is expected to grow at the highest CAGR during 2018 to 2024. Bioplastics possess properties such as gloss, barrier effect, antistatic behavior, and printability, thereby making it suitable for rigid packaging application. Furthermore, packaging industries have substantial curiosity for the biodegradability as there is an increase in demand for packaging, resulting in accumulation of waste. Therefore, packaging industry consumes bioplastics to decrease or recycle the accumulated waste products.

By type, the bioplastics market is bifurcated into biodegradable and non-biodegradable bioplastics. Furthermore, biodegradable is segmented into polylactic acid (PLA), polyhydroxyalkanoates (PHA), starch blend, polyester (PBAT & PBS), and cellulose acetate. Non-biodegradable is divided into epoxy, polyurethane, polyethylene terephthalate (PET), and others (polyamide (PA), polyethylene (PE), ethylene propylene diene monomer rubber (EPDM), and polytrimethylene terephthalate (PTT)).

Based on region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. In 2017, Europe was the highest contributor to the bioplastic market. European policy makers support European bioplastics manufactures and increase in adoption in Germany, Italy, and the UK are the key factors responsible for the growth of the bioplastics market in Europe.

However, Asia-Pacific is projected to be the fastest producing market and the consumption is expected to grow at a CAGR of 20.4% during 2018-2024 in terms of value contributing to the huge investments made by the world giants in the region. Competitive Intelligence on few prominent manufacturers of bioplastics provide key insights in terms of strategies implemented to gain significant share in the bioplastics market. The years, 2012 and 2013, have played a significant role to formulate different strategies and thus help build a strong base for the market expansion. The top players adopt some key developmental strategies such as partnership, expansion, collaboration, joint venture, merger, and product launch for smoothening the operation and retaining their competitiveness in the market.

Some of the leading manufacturers profiled in this report are Novamont S.p.A., BASF SE, Natureworks LLC, Corbion PuracN.V., Braskem S.A., SECOSecos Group Ltd., Biome Technolgies Plc, FKuR Kunststoff GmbH, Innovia Films Ltd., and Toray Industries Inc Indorama Ventures Public Company Limited.

KEY BENEFITS

This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global bioplastics market from 2017 to 2024 to identify the prevailing market opportunities.
The key countries in all the major regions are mapped based on their market share.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.

KEY MARKET SEGMENTS:

By Type

Biodegradable Bioplastic
Polylactic Acid (PLA)
Polyhydroxyalkanoate (PHA)
Starch Blend
Polyester (PBAT & PBS)
Cellulose Acetate
Non-biodegradable Bioplastic
Epoxy
Polyurethane
Polyethylene Terephthalate
Others (PA, PE, EPDM, & PTT)

By Application

Rigid Packaging
Flexible Packaging
Textile
Agriculture & Horticulture
Consumer Good
Automotive
Electronic
Building & Construction
Others

By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Rest of LAMEA
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key finding of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pocket
3.2.2. Top Winning Strategies
3.2.3. Top Winning Strategies, By Year, 2015-2018*
3.2.4. Top Winning Strategies, By Development, 2015-2018* (%)
3.2.5. Top Winning Strategies, By Company, 2015-2018*
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyer
3.3.3. Thereat of new entrants
3.3.4. Threat of substitute
3.3.5. Intensity of competitive rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Environmentally Friendly Properties
3.4.1.2. High Consumer Acceptance
3.4.1.3. Favorable Government Policy
3.4.1.4. Renewable Raw Material Sources
3.4.2. Restraint
3.4.2.1. High Cost to End-User
3.4.2.2. Limited Performance
3.4.3. Opportunity
3.4.3.1. Decreasing Dependency on Petroleum Resource & Advancement in R&D
3.4.3.2. Growing Corporate Social Responsibility (CSR)

CHAPTER 4: BIOPLASTICS MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Biodegradable Plastic
4.2.1. Market size and forecast
4.2.2. Polylactic acid (PLA)
4.2.3. Polyhydroxyalkanoates (PHA)
4.2.4. Starch blends
4.2.5. Polyesters (PBAT & PBS)
4.2.6. Cellulose acetate
4.2.7. Key market trends, growth factors, and opportunities
4.2.8. Market size and forecast
4.2.9. Market analysis by country
4.3. Non-biodegradable Plastic
4.3.1. Market size and forecast
4.3.2. Epoxies
4.3.3. Polyurethanes
4.3.4. Polyethylene terephthalate
4.3.5. Others
4.3.6. Key market trends, growth factors, and opportunities
4.3.7. Market size and forecast
4.3.8. Market analysis by country

CHAPTER 5: BIOPLASTICS MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Rigid Packaging
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.3. Market analysis by country
5.3. Flexible Packaging
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.3. Market analysis by country
5.4. Textile
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.4.3. Market analysis by country
5.5. Agriculture and Horticulture
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.5.3. Market analysis by country
5.6. Consumer Goods
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast
5.6.3. Market analysis by country
5.7. Automotive
5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast
5.7.3. Market analysis by country
5.8. Electronics
5.8.1. Key market trends, growth factors, and opportunities
5.8.2. Market size and forecast
5.8.3. Market analysis by country
5.9. Building and Construction
5.9.1. Key market trends, growth factors, and opportunities
5.9.2. Market size and forecast
5.9.3. Market analysis by country
5.10. Others
5.10.1. Key market trends, growth factors, and opportunities
5.10.2. Market size and forecast
5.10.3. Market analysis by country

CHAPTER 6: BIOPLASTICS MARKET, BY GEOGRAPHY
6.1. Overview
6.1.1. Market size and forecast
6.2. North America
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by Type
6.2.3. Market size and forecast, by Application
6.2.4. Market size and forecast, by country
6.2.5. U.S.
6.2.5.1. Market size and forecast, by Type
6.2.5.2. Market size and forecast, by Application
6.2.6. Canada
6.2.6.1. Market size and forecast, by Type
6.2.6.2. Market size and forecast, by Application
6.2.7. Mexico
6.2.7.1. Market size and forecast, by Type
6.2.7.2. Market size and forecast, by Application
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by Type
6.3.3. Market size and forecast, by Application
6.3.4. Market size and forecast, by country
6.3.5. UK
6.3.5.1. Market size and forecast, by Type
6.3.5.2. Market size and forecast, by Application
6.3.6. Germany
6.3.6.1. Market size and forecast, by Type
6.3.6.2. Market size and forecast, by Application
6.3.7. France
6.3.7.1. Market size and forecast, by Type
6.3.7.2. Market size and forecast, by Application
6.3.8. Italy
6.3.8.1. Market size and forecast, by Type
6.3.8.2. Market size and forecast, by Application
6.3.9. Spain
6.3.9.1. Market size and forecast, by Type
6.3.9.2. Market size and forecast, by Application
6.3.10. Rest of Europe
6.3.10.1. Market size and forecast, by Type
6.3.10.2. Market size and forecast, by Application
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by Type
6.4.3. Market size and forecast, by Application
6.4.4. Market size and forecast, by country
6.4.5. China
6.4.5.1. Market size and forecast, by Type
6.4.5.2. Market size and forecast, by Application
6.4.6. India
6.4.6.1. Market size and forecast, by Type
6.4.6.2. Market size and forecast, by Application
6.4.7. Japan
6.4.7.1. Market size and forecast, by Type
6.4.7.2. Market size and forecast, by Application
6.4.8. South Korea
6.4.8.1. Market size and forecast, by Type
6.4.8.2. Market size and forecast, by Application
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market size and forecast, by Type
6.4.9.2. Market size and forecast, by Application
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by Type
6.5.3. Market size and forecast, by Application
6.5.4. Market size and forecast, by country
6.5.5. Brazil
6.5.5.1. Market size and forecast, by Type
6.5.5.2. Market size and forecast, by Application
6.5.6. Argentina
6.5.6.1. Market size and forecast, by Type
6.5.6.2. Market size and forecast, by Application
6.5.7. South Africa
6.5.7.1. Market size and forecast, by Type
6.5.7.2. Market size and forecast, by Application
6.5.8. Saudi Arabia
6.5.8.1. Market size and forecast, by Type
6.5.8.2. Market size and forecast, by Application
6.5.9. UAE
6.5.9.1. Market size and forecast, by Type
6.5.9.2. Market size and forecast, by Application
6.5.10. Rest of LAMEA
6.5.10.1. Market size and forecast, by Type
6.5.10.2. Market size and forecast, by Application

CHAPTER 7: COMPANY PROFILES
7.1. BASF SE
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Business performance
7.1.5. Key strategic moves and developments
7.2. Biome Technologies Plc.
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Business performance
7.2.5. Key strategic moves and developments
7.3. Braskem S.A.
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Business performance
7.3.5. Key strategic moves and developments
7.4. Corbion Purac
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Business performance
7.4.5. Key strategic moves and developments
7.5. FKuR Kunststoff GmbH
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Product portfolio
7.5.4. Key strategic moves and developments
7.6. Indorama Ventures Public Company Limited.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.6.5. Key strategic moves and developments
7.7. Innovia Films
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio
7.7.4. Key strategic moves and developments
7.8. Natureworks LLC.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Product portfolio
7.8.4. Key strategic moves and developments
7.9. Novamont S.p.A
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Business performance
7.9.5. Key strategic moves and developments
7.10. SECOS Group Ltd. (Cardia Bioplastics)
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Business performance
7.10.5. Key strategic moves and developments
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According to a new report titled, Bioplastics Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2024 the global bioplastics market was valued at $21,126.31 million in 2017, and is projected to reach $68,577.25 million by 2024, registering a CAGR of 18.8% from 2018 to 2024. In 2017, the rigid packaging segment accounted for approximately one-third share in the global market in terms of value.

In 2017, the global bioplastics market generated revenue of $21,126.31 million, and is expected to grow at a CAGR of 18.8% in terms of value from 2018 to 2024 reaching $68,577.25 million by 2024. Bioplastics are obtained by converting the sugar present in plants into plastic. The sugar in turn is obtained from corn, cane, sugar beets, wheat, or potatoes. This makes bioplastics sustainable and better for the environment as compared to conventional plastics. Bioplastics are extensively used in the production of rigid packaging. However, the level of technical complexity involved in bioplastics packaging is high. The adoption of bioplastics in rigid packaging was the highest in 2017 and is expected to grow at the same pace throughout 2024. For instance, the commercialization of co-extruded double or multiple layer film products has gained momentum in the recent years. It is also finds applications in various end-use industries such as flexible packaging, textile, agriculture, and horticulture, consumer goods, automotive, electronics, building and construction, and others.

The production and use of bioplastics is considered as a sustainable solution due to low emission of greenhouse gasses. Factors such as eco-friendly properties, increase in consumer awareness, growth in environmental concerns, and favorable government policies drive the growth of the bioplastic market. However, high production cost and comparatively lower performance standards than synthetic plastics restrain the market growth to a certain extent.

In 2017, Europe accounted for the largest market share in the global bioplastic market and is anticipated to dominate the market during the forecast period. Regional industries have adopted bioplastics over conventional plastics with an objective of transforming Europe into a proper waste management region. Germany, Italy, and the UK are the major countries involved in the development and production of bioplastic in Europe. European Associations in collaboration with the government implement environmental policies to promote sustainability and bio-degradability. This trend is expected to significantly drive the growth of the bioplastics market in Europe. Asia-Pacific is anticipated to grow at the highest CAGR from 2018 to 2024. The large population base of the region is expected to provide growth opportunities for the bioplastics market in Asia-Pacific.

Competitive intelligence of a few prominent bioplastic manufacturers provide key insights on the strategies implemented to gain significant share in the bioplastics market. In 2017, the industry has a massive trend of market players strengthening their base as well expanding their outreach. The key strategies adopted by market players include partnership, expansion, collaboration, joint venture, merger, and product launch.

Key findings of the Bioplastics Market:

In 2017, Asia-Pacific accounted for more than one-fifth share growing at a CAGR of 20.4% from 2018 to 2024.
In 2017, non-biodegradable plastic accounted for the highest market share and is expected to growth at the highest CAGR of 20.2%.
The rigid packaging application segment accounted for the highest market share in 2017 and is projected to grow at the highest CAGR of 28.3%.
In 2017, Europe accounted for the highest market share and is anticipated to grow at a significant CAGR of 18.7%.
India is anticipated to grow at the highest CAGR of 23.8% from 2018 to 2024.

In terms of value, Asia-Pacific and LAMEA collectively accounted for more than one-fourth share in the global bioplastics market in 2017.

Some of the leading manufacturers profiled in this report are Novamont S.p.A., BASF SE, Natureworks LLC, Corbion Purac, Braskem S.A., SECOS Group Ltd., Biome Technolgies Plc, FKuR Kunststoff GmbH, Innovia Films Ltd., and Indorama Ventures Public Company Limited.
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