Latin America Biodegradable Plastics Market 2019-2027

Market Outlook

The biodegradable plastics market in Latin America has been projected to depict growth in terms of revenue and expand with a CAGR of 9.55% during the forecast years 2019-2027, according to this report. Brazil, Mexico and countries that constitute the rest of Latin America together form the Latin America biodegradable plastics market.

Raw material availability, positive economic outlook and cheap labor availability, coupled with proactive stance by the government to promote bioplastics are amongst the major factors driving the biodegradable plastics market in Latin America.

The availability of cost-effective bio-based raw materials for production of biodegradable plastics is providing ample growth opportunities for the market. The raw materials used for production of biodegradable plastics includes corn, rice, wheat, sugarcane and other materials. As most of these materials are renewable and are available in abundance therefore are more cost-effective as compared to raw materials required for manufacturing of conventional plastics. The increasing scale of production translates to availability of raw materials at cheaper costs thereby providing plenty of growth opportunity for the global biodegradable plastics market.

Biodegradable plastics are less durable than conventional plastics. The durability of biodegradable plastic refers to the ability of material to offer long periods of performance without any significant deterioration by resisting the effects of usage and aging. The durability of plastic depends on the type of chemical structure of polymer and also on the condition the plastics are used for. Conventional plastics can be recycled and may be used again; however, this is not the case with biodegradable plastics. For instance, when a biodegradable plastic cup is composed, that polymer may no longer be reused and maintained, all energy and material inputs are lost in soil and cannot be used again or recycled. This durability factor is expected to hinder the market growth globally.

Competitive Outlook

The biggest brands in the biodegradable plastics market are Dow Chemical Company (Merger with DuPont), Zhejiang Hisun Biomaterials Co., Mitsubishi Chemical Corporation, Synbra Holding BV, Danimer Scientific, LLC, Corbion N.V. (Purac), Bio-On S.P.A., Ltd., Biome Bioplastics, Limited, Futerro SA, BASF SE, Plantic Technologies (Acquisition by Kuraray America, Inc.), Tianan Biologic Material Co., Ltd., Natureworks LLC, Sigma-Aldrich (Acquisition by Merck) and Fkur Kunststoff GMBH.

1. Latin America Biodegradable Plastic Market - Summary

2. Industry Outlook

2.1. Market Definition
2.2. Key Insights
2.3. Evolution & Transition of Biodegradable Plastic
2.4. Porter's Five Force Analysis
2.5. Market Attractiveness Matrix
2.6. Vendor Scorecard
2.7. Industry Components
2.8. Regulatory Framework
2.9. Key Impact Analysis
2.10. Market Opportunity Insights
2.11. Industry Player Positioning
2.12. Key Market Strategies
2.13. Market Drivers
2.13.1. Rise in the Production of Corn and Other Renewable Resources
2.13.2. Increasing Scope of Biodegradable Plastics in Various End-Use Segments
2.13.3. Biodegradable Property of the Biodegradable Plastics
2.13.4. Favorable Government Policies to Reduce the Use of Petroleum-Based Polymers
2.13.5. Shift in Consumer Preference Towards the Adoption of Environmental-Friendly Packaging Solution
2.14. Market Restraints
2.14.1. High Cost of Biodegradable Plastics as Compared to Conventional Plastics
2.14.2. Durability Issues
2.15. Market Opportunities
2.15.1. Increased Bioplastic Production Across Regions
2.15.2. Availability of Cost-Effective Bio-Based Raw Materials
2.16. Market Challenges
2.16.1. Biodegradable Plastics Impact On Food Production and Supply
2.16.2. Easy Availability of Alternatives

3. Latin America Biodegradable Plastic Market Outlook - By Type

3.1. Pla
3.2. Starch Blends
3.3. Pcl
3.4. Regenerated Cellulose
3.5. Pbs
3.6. Pha
3.7. Other Types

4. Latin America Biodegradable Plastic Market Outlook - By Application

4.1. Packaging
4.2. Fibers
4.3. Agriculture
4.4. Injection Molding
4.5. Other Applications

5. Latin America Biodegradable Plastic Market - Regional Outlook

5.1. Brazil
5.2. Mexico
5.3. Rest of Latin America

6. Competitive Landscape

6.1. Basf Se
6.2. Biome Bioplastics Limited
6.3. Bio-On S.P.A.
6.4. Corbion N.V. (Purac)
6.5. Danimer Scientific, Llc
6.6. Dow Chemical Company (Merger With Dupont)
6.7. Fkur Kunststoff Gmbh
6.8. Futerro Sa
6.9. Mitsubishi Chemical Corporation
6.10. Natureworks Llc
6.11. Plantic Technologies (Acquisition By Kuraray America, Inc,)
6.12. Sigma-Aldrich (Acquisition By Merck)
6.13. Synbra Holding Bv
6.14. Tianan Biologic Material Co. Ltd
6.15. Zhejiang Hisun Biomaterials Co. Ltd.

7. Methodology & Scope

7.1. Research Scope
7.2. Sources of Data
7.3. Research Methodology

List of Tables

Table 1: Market Attractiveness Matrix For Biodegradable Plastic Market
Table 2: Vendor Scorecard of Biodegradable Plastic Market
Table 3: Regulatory Framework of Biodegradable Plastic Market
Table 4: Key Strategic Developments in Biodegradable Plastic Market
Table 5: Comparison Between Bioplastics and Conventional Plastics
Table 6: Cost Analysis of Biodegradable Plastics in 2016
Table 7: Cost Analysis of Fossil Based Plastics in 2016
Table 8: Sustainability of Major Bio-Based Plastic Types For Different Applications
Table 9: Latin America Biodegradable Plastic Market, Country Outlook, 2019-2027 (In $ Million)
Table 10: Latin America Biodegradable Plastic Market, By Biodegradable Plastic Type, 2019-2027 (In $ Million)
Table 11: Latin America Biodegradable Plastic Market, By Application, 2019-2027 (In $ Million)
Table 12: Latin America Biodegradable Plastic Market, Country Outlook, 2019-2027 (In $ Million)

List of Figures

Figure 1: Latin America Biodegradable Plastic Market, 2019-2027 (In $ Million)
Figure 2: Porter's Five Force Analysis of Biodegradable Plastic Market
Figure 3: Industry Components of Biodegradable Plastic Market
Figure 4: Market Opportunity Insights, By Plastic Type, 2018
Figure 5: Market Opportunity Insights, By Application, 2018
Figure 6: Key Player Positioning in 2017 (%)
Figure 7: Sugarcane and Corn Production in Key Countries, 2016 (In %)
Figure 8: Worldwide Production of Sugar Cane and Corn, 2014- 2023 (In Million Tonnes)
Figure 9: Timeline of Biodegradable Plastics
Figure 10: Worldwide Corn Production, 2010-2017, (In Million Metric Tonnes)
Figure 11: Major Corn Producers Across the Globe, 2015-2016 (% of Total Production)
Figure 12: Worldwide Bioplastic Production Capacity, 2017-2022 (In ‘000 Tonnes)
Figure 13: Percentage Share of Total Bioplastic Production Across Regions in 2017 (In %)
Figure 14: Major Sugarcane Producers Across the Globe in 2016 (In Million Tonnes)
Figure 15: Latin America Biodegradable Plastic Market, By Pla, 2019-2027 (In $ Million)
Figure 16: Latin America Biodegradable Plastic Market, By Starch Blends, 2019-2027 (In $ Million)
Figure 17: Latin America Biodegradable Plastic Market, By Pcl, 2019-2027 (In $ Million)
Figure 18: Latin America Biodegradable Plastic Market, By Regenerated Cellulose, 2019-2027 (In $ Million)
Figure 19: Latin America Biodegradable Plastic Market, By Pbs, 2019-2027 (In $ Million)
Figure 20: Latin America Biodegradable Plastic Market, By Pha, 2019-2027 (In $ Million)
Figure 21: Latin America Biodegradable Plastic Market, By Other Types, 2019-2027 (In $ Million)
Figure 22: Latin America Biodegradable Plastic Market, By Packaging, 2019-2027 (In $ Million)
Figure 23: Latin America Biodegradable Plastic Market, By Fibers, 2019-2027 (In $ Million)
Figure 24: Latin America Biodegradable Plastic Market, By Agriculture, 2019-2027 (In $ Million)
Figure 25: Latin America Biodegradable Plastic Market, By Injection Molding, 2019-2027 (In $ Million)
Figure 26: Latin America Biodegradable Plastic Market, By Other Applications, 2019-2027 (In $ Million)
Figure 27: Latin America Biodegradable Plastic Market, Regional Outlook, 2018 & 2027 (In %)
Figure 28: Brazil Biodegradable Plastic Market, 2019-2027 (In $ Million)
Figure 29: Mexico Biodegradable Plastic Market, 2019-2027 (In $ Million)
Figure 30: Rest of Latin America Biodegradable Plastic Market, 2019-2027 (In $ Million)