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Global Bioplastics for Agribusiness Market by Type (Aliphatic Polyesters, Cellulose-Based Bioplastics, Organic Polyethylene: Poly), End-of-Life (Biodegradable, Compostable, Degradable), Application - Forecast 2023-2030

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    Report

  • 194 Pages
  • January 2024
  • Region: Global
  • 360iResearch™
  • ID: 4989647
UP TO OFF until Dec 31st 2024
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The Bioplastics for Agribusiness Market size was estimated at USD 2.14 billion in 2022, USD 2.48 billion in 2023, and is expected to grow at a CAGR of 15.66% to reach USD 6.88 billion by 2030.

The bioplastics in agribusiness include the use of bioplastics in products such as biodegradable mulch films, planting containers, greenhouse materials, and controlled-release fertilizers. The bioplastics in agribusiness market encompasses the development, production, and sale of biodegradable and bio-based polymers used in various agricultural applications.

Environmental regulations and Increasing government policies against plastic waste significantly drive the bioplastics market in agribusiness. Technological advancement and innovations in bioplastic materials enable more efficient and cost-effective production, contributing to market growth. The rising need for high-efficiency materials to enhance crop yield and simplify farming practices is influencing market growth. However, bioplastics may perform inconsistently in different environmental conditions, affecting their reliability and adoption in the market. Bioplastics often have higher costs than conventional plastics, challenging market penetration. Moreover, developing new and improved bioplastic formulations that offer enhanced durability and versatility has created significant potential for market growth. Growing focus on sustainable agricultural practices is also generating growth potential in the market space.

Regional Insights

In the Americas region, the United States and Canada witness growing awareness of environmental issues, leading to a more significant demand for sustainable products, including bioplastics in agriculture for uses such as biodegradable mulch films in the region. The expansion of research & development in bioplastics and support from regional governments through grants and funding is boosting sustainable agriculture technology. In European countries, regional policies such as the Single-Use Plastics Directive and green procurement incentives drive innovation in bioplastics. The customer purchasing behavior across EU countries shows a strong preference for sustainability, buoyed by both consumer sentiment and regulatory mandates. In the Middle East countries, the interest in bioplastics is mainly driven to diversify economies and reduce plastic waste. Investments in research institutions and collaborations with international companies are slaying the groundwork for a bioplastics market in the APAC region. The Asia Pacific region, notably China, Japan, and India, presents a rapidly developing market for bioplastics in agribusiness. APAC countries have a significant agricultural footprint, driving concerted effort to address plastic waste in agriculture through bioplastics.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Bioplastics for Agribusiness Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Bioplastics for Agribusiness Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Bioplastics for Agribusiness Market, highlighting leading vendors and their innovative profiles. These include BASF SE, Bio-On SpA, Biome Bioplastics Limited., Carbios, Danimer Scientific, Eastman Chemical Company, FKuR Kunststoff GmbH, Futamura Group., GC International by PTT Global Chemical PLC, Good Natured Products Inc., Green Dot Bioplastics, Inc., Kuraray Co., Ltd., Mitsubishi Chemical Group Corporation, Natur-Tec by Northern Technologies International Corporation, NatureWorks LLC by Cargill, Incorporated, Novamont S.p.A. by Versalis SpA, Polymateria Ltd., Roquette Frères, TIPA Corp Ltd., TotalEnergies Corbion bv, and UrthPact, LLC.

Market Segmentation & Coverage

This research report categorizes the Bioplastics for Agribusiness Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Aliphatic Polyesters
      • Polybutylene Adipate Terephthalate (PBAT)
      • Polybutylene Succinate (PBS)
      • Polyhydroxyalkanoates (PHA)
      • Polylactic Acid (PLA)
    • Cellulose-Based Bioplastics
    • Organic Polyethylene: Poly
    • Protein-Based Bioplastics
    • Starch-Based Bioplastics
  • End-of-Life
    • Biodegradable
    • Compostable
    • Degradable
  • Application
    • Greenhouses
    • Irrigation
    • Mulch
    • Packaging
    • Silage Storage
    • Tunnels
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Bioplastics for Agribusiness Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Bioplastics for Agribusiness Market?
  3. What are the technology trends and regulatory frameworks in the Bioplastics for Agribusiness Market?
  4. What is the market share of the leading vendors in the Bioplastics for Agribusiness Market?
  5. Which modes and strategic moves are suitable for entering the Bioplastics for Agribusiness Market?

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Frequently Asked Questions about the Global Bioplastics for Agribusiness Market

What is the estimated value of the Global Bioplastics for Agribusiness Market?

The Global Bioplastics for Agribusiness Market was estimated to be valued at $2.48 Billion in 2023.

What is the growth rate of the Global Bioplastics for Agribusiness Market?

The growth rate of the Global Bioplastics for Agribusiness Market is 15.6%, with an estimated value of $6.88 Billion by 2030.

What is the forecasted size of the Global Bioplastics for Agribusiness Market?

The Global Bioplastics for Agribusiness Market is estimated to be worth $6.88 Billion by 2030.

Who are the key companies in the Global Bioplastics for Agribusiness Market?

Key companies in the Global Bioplastics for Agribusiness Market include BASF SE, Bio, On SpA, Biome Bioplastics Limited., Carbios, Danimer Scientific, Eastman Chemical Company, FKuR Kunststoff GmbH, Futamura Group. and GC International by PTT Global Chemical PLC.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Bioplastics for Agribusiness Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing Need to Alleviate Carbon Footprint
5.1.1.2. Potential Demand Owing to the Properties of Bioplastics to Enhance Soil and Product Quality
5.1.2. Restraints
5.1.2.1. High Cost in Acquisition than Conventional Oil-Based Plastics
5.1.3. Opportunities
5.1.3.1. Ongoing Research and Development (R&D) Activities to Develop Novel Alternatives
5.1.3.2. Expansion of Organizations to Increase Production Capacities for Bioplastics
5.1.4. Challenges
5.1.4.1. Sustainability Issues Associated with the Unseen Damage of the Food Resources
5.2. Market Segmentation Analysis
5.2.1. Type: Penetration of using cellulose-based and starch-based bioplastics owing to their cost-effectiveness and speedy compostability
5.2.2. End-of-Life: Gaining traction of biodegradable bioplastics in agriculture due to their ability to decompose into natural substances, thereby minimizing waste management needs
5.2.3. Application: Extensive use of bioplastics in mulch and greenhouses to withstand proper mechanical properties for improving crop yields
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Bioplastics for Agribusiness Market, by Type
6.1. Introduction
6.2. Aliphatic Polyesters
6.3.1. Polybutylene Adipate Terephthalate (PBAT)
6.3.2. Polybutylene Succinate (PBS)
6.3.3. Polyhydroxyalkanoates (PHA)
6.3.4. Polylactic Acid (PLA)
6.3. Cellulose-Based Bioplastics
6.4. Organic Polyethylene: Poly
6.5. Protein-Based Bioplastics
6.6. Starch-Based Bioplastics
7. Bioplastics for Agribusiness Market, by End-of-Life
7.1. Introduction
7.2. Biodegradable
7.3. Compostable
7.4. Degradable
8. Bioplastics for Agribusiness Market, by Application
8.1. Introduction
8.2. Greenhouses
8.3. Irrigation
8.4. Mulch
8.5. Packaging
8.6. Silage Storage
8.7. Tunnels
9. Americas Bioplastics for Agribusiness Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Bioplastics for Agribusiness Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Bioplastics for Agribusiness Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. New Product Launch & Enhancement
12.3.1.1. Scientist using lactose to develop bioplastics
12.3.1.2. Sulzer launches new biodegradable polymer for bioplastics
12.3.1.3. Uganda scientists invent bioplastics for wrapping nursery seedlings from farm wastes
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. BASF SE
13.1.2. Bio-On SpA
13.1.3. Biome Bioplastics Limited.
13.1.4. Carbios
13.1.5. Danimer Scientific
13.1.6. Eastman Chemical Company
13.1.7. FKuR Kunststoff GmbH
13.1.8. Futamura Group.
13.1.9. GC International by PTT Global Chemical PLC
13.1.10. Good Natured Products Inc.
13.1.11. Green Dot Bioplastics, Inc.
13.1.12. Kuraray Co., Ltd.
13.1.13. Mitsubishi Chemical Group Corporation
13.1.14. Natur-Tec by Northern Technologies International Corporation
13.1.15. NatureWorks LLC by Cargill, Incorporated
13.1.16. Novamont S.p.A. by Versalis SpA
13.1.17. Polymateria Ltd.
13.1.18. Roquette Frères
13.1.19. TIPA Corp Ltd.
13.1.20. TotalEnergies Corbion bv
13.1.21. UrthPact, LLC
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
List of Figures
FIGURE 1. BIOPLASTICS FOR AGRIBUSINESS MARKET RESEARCH PROCESS
FIGURE 2. BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, 2022 VS 2030
FIGURE 3. BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. BIOPLASTICS FOR AGRIBUSINESS MARKET DYNAMICS
FIGURE 7. BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY TYPE, 2022 VS 2030 (%)
FIGURE 8. BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY END-OF-LIFE, 2022 VS 2030 (%)
FIGURE 10. BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY END-OF-LIFE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY APPLICATION, 2022 VS 2030 (%)
FIGURE 12. BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY APPLICATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 14. AMERICAS BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 16. UNITED STATES BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA BIOPLASTICS FOR AGRIBUSINESS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. BIOPLASTICS FOR AGRIBUSINESS MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 22. BIOPLASTICS FOR AGRIBUSINESS MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • BASF SE
  • Bio-On SpA
  • Biome Bioplastics Limited.
  • Carbios
  • Danimer Scientific
  • Eastman Chemical Company
  • FKuR Kunststoff GmbH
  • Futamura Group.
  • GC International by PTT Global Chemical PLC
  • Good Natured Products Inc.
  • Green Dot Bioplastics, Inc.
  • Kuraray Co., Ltd.
  • Mitsubishi Chemical Group Corporation
  • Natur-Tec by Northern Technologies International Corporation
  • NatureWorks LLC by Cargill, Incorporated
  • Novamont S.p.A. by Versalis SpA
  • Polymateria Ltd.
  • Roquette Frères
  • TIPA Corp Ltd.
  • TotalEnergies Corbion bv
  • UrthPact, LLC

Methodology

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