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Global Bioplastics Market (2021-2026) by Product, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 170 Pages
  • April 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5392872
The Global Bioplastics Market is estimated to be USD 8.94 Bn in 2021 and is expected to reach USD 21.7 Bn by 2026, growing at a CAGR of 18.7%.

Market Dynamics

The major factors such as reduction of greenhouse gas emission, saving fossil fuel, and abundance of raw material in the local resource are driving the global bioplastics market. In addition, governments worldwide have banned plastic use due to environmental impact, which has encouraged a paradigm shift towards bioplastics. In addition, increasing waste management across the globe has fueled market growth. Rising e-commerce and online shopping have increased the eco-friendly packaging demand. Furthermore, bioplastics application in various sectors such as 3-D printing, construction, agriculture, etc., has proven to be an alternative for almost all conventional plastic materials and applications. However, the availability of cheap alternatives and complicated recycling process has majorly hindered market growth.

Increasing awareness of environmental issues and government regulations associated with the environment is anticipated to create emerging markets opportunities.

Market Segmentation

The Global Bioplastics Market is segmented further based on Product, Application, and Geography.

By Product, the market is classified into biodegradable and non-biodegradable. Amongst the two, the biodegradable segment is estimated to hold the highest market share during the forecast period.

By Application, the market is classified as packaging, agriculture, consumer goods, textile, automotive & transportation, building & construction, and others. Amongst all, the packaging segment is estimated to hold the highest market share during the forecast period.

By Geography, Europe is projected to lead the market.

Recent Developments

1. TerraVerdae Bioworks Inc. launches a new bioplastic product line for blown/cast films, injection moulding, and thermoforming. - 4th May 2021.
2. Four Finnish companies, Finnfoam, Brightplus, VTT Technical Research Centre of Finland, and Nordic Soya, have collaborated to develop a project that will produce compostable bioplastic from soy waste. - 25th March 2021.

Company Profiles

Some of the companies covered in this report BASF SE, Dow Inc, Novamont S.p.A, Plantic Technologies Limited, NatureWorks LLC, Corbion N.V., Biome Technologies plc, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?
  • The report offers a comprehensive evaluation of the Global Bioplastics Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using the Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:
  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Bioplastics Market

What is the estimated value of the Global Bioplastics Market?

The Global Bioplastics Market was estimated to be valued at $8940 Million in 2021.

What is the growth rate of the Global Bioplastics Market?

The growth rate of the Global Bioplastics Market is 18.7%, with an estimated value of $21700 Million by 2026.

What is the forecasted size of the Global Bioplastics Market?

The Global Bioplastics Market is estimated to be worth $21700 Million by 2026.

Who are the key companies in the Global Bioplastics Market?

Key companies in the Global Bioplastics Market include Arkema S.A, BASF SE, Biome Technologies plc, Biotec, Braskem, Corbion N.V., Dow Inc, Eastman Chemical Company and Indorama Ventures Public Company Limited.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Eco-Friendly Bioplastic Products Preference
4.1.2 Government Regulations Associated with Waste Management
4.1.3 Big Brands Adopting Bioplastics from Production to Packaging
4.2 Restraints
4.2.1 High Investment Cost and Complex Recycle Processing of Bioplastics
4.2.2 Performance Issues of Bioplastics
4.3 Opportunities
4.3.1 Growing Application of Bioplastics
4.3.2 Raising Awareness in Developing Countries
4.4 Challenges
4.4.1 Availability of Cheaper Alternatives
4.4.2 Lower Government Regulations Related to Bioplastics in Emerging Countries
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Bioplastics Market, By Type
6.1 Introduction
6.2 Biodegradable
6.2.1 Polylactic Acid
6.2.2 Starch blends
6.2.3 Polybutylene Adipate Terephthalate (PBAT)
6.2.4 Polybutylene Succinate (PBS)
6.2.5 Others
6.3 Non-Biodegradable
6.3.1 Polyethylene
6.3.2 Polyethylene Terephthalate
6.3.3 Polyamide
6.3.4 Polytrimethylene Terephthalate
6.3.5 Others
7 Global Bioplastics Market, By Application
7.1 Introduction
7.2 Packaging
7.3 Agriculture
7.4 Consumer Goods
7.5 Textile
7.6 Automotive & Transportation
7.7 Building & Construction
7.8 Others
8 Global Bioplastics Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 South America
8.3.1 Brazil
8.3.2 Argentina
8.3.3 Chile
8.3.4 Colombia
8.4 Europe
8.4.1 UK
8.4.2 France
8.4.3 Germany
8.4.4 Italy
8.4.5 Spain
8.4.6 Netherlands
8.4.7 Sweden
8.4.8 Russia
8.4.9 Rest of Europe
8.5 Asia-Pacific
8.5.1 China
8.5.2 Japan
8.5.3 India
8.5.4 Indonesia
8.5.5 Malaysia
8.5.6 South Korea
8.5.7 Australia
8.5.8 Sri Lanka
8.5.9 Thailand
8.5.10 Rest of APAC
8.6 Middle-East and Africa
8.6.1 Qatar
8.6.2 Saudi Arabia
8.6.3 South Africa
8.6.4 United Arab Emirates
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements
10 Company Profiles
10.1 Arkema S.A
10.2 BASF SE
10.3 Biome Technologies plc
10.4 Biotec
10.5 Braskem
10.6 Corbion N.V.
10.7 Dow Inc
10.8 Eastman Chemical Company
10.9 Futerro
10.10 Indorama Ventures Public Company Limited
10.11 Minima
10.12 Mitsubishi Chemical Holdings
10.13 NatureWorks LLC
10.14 Novamont S.p.A
10.15 Plantic Technologies Limited
10.16 Rodenburg Biopolymers
10.17 Succinity Gmbh
10.18 Toray Industries, Inc
10.19 Total Corbion PLA
10.20 Trinseo
11 Appendix
11.1 Questionnaire

Companies Mentioned

  • Arkema S.A
  • Biome Technologies plc
  • Biotec
  • Braskem
  • Corbion N.V.
  • Dow Inc
  • Eastman Chemical Company
  • Futerro
  • Indorama Ventures Public Company Limited
  • Minima
  • Mitsubishi Chemical Holdings
  • NatureWorks LLC
  • Novamont S.p.A
  • Plantic Technologies Limited
  • Rodenburg Biopolymers
  • Succinity Gmbh
  • Toray Industries, Inc
  • Total Corbion PLA
  • Trinseo