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Bioplastics Market, Size, Share, Global Forecast 2022-2027, Industry Trends, Impact of COVID-19, Opportunity Company Analysis

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    Report

  • 220 Pages
  • January 2022
  • Region: Global
  • Renub Research
  • ID: 5521685
Global Bioplastics Market is expected to reach US$ 9.9 Billion by 2027. Bioplastics have been regarded as a potential solution to address environmental and economic challenges in recent years. Bioplastics is a sustainable material from renewable feedstock and an alternative to petroleum-based plastics, reducing 30-70% of carbon dioxide emissions. It represents an approximately 42% reduction of carbon footprints. Remarkably, bioplastics represent the fastest growing product line for bio-based products. Moreover, the adoption of bioplastics has increased tremendously across various applications, owing to the advanced technical properties and functionalities. Besides, the demand for bioplastics has gained incredible traction across multiple plastic applications due to the encouraging legislation implemented by various governments around the globe.



Worldwide Bioplastics Industry will expand with a CAGR of 6.7% during 2021-2027


Since the past decade, the demand for bioplastics has increased due to growing awareness concerning environmental conservation, bio-based or natural resources for manufacturing materials, and various regulations across countries for effective use of natural resources and waste management. Further, as an alternative to conventional fossil-based plastics, the use of biomass based-plastics is being promoted for applications wherein the former was generally utilized. Further, due to numerous agencies' stringent laws and legislation on the usage of non-renewable, single-use plastics, industries have deviated their focus on developing and utilizing bioplastics for innumerable purposes.

Bioplastics Packaging - An Integral Part of the Global Bioplastics Market's Application:


With the evolution of time, bioplastics have found their application in packaging, agriculture, consumer goods, textile, automotive and transportation, building and construction. Besides, bioplastic packaging has been of fundamental significance over the years. Recently, bioplastic packaging has become an integral part of the global bioplastic market's application. Bioplastics apply in various sectors, including fibers, medical, packaging, and agriculture. The rising consumer awareness towards bioplastic packaging has led to the tremendous growth of the overall market. In addition, eco-friendly initiatives by corporates and abundant availability of raw materials for manufacturing bioplastics are prominent factors driving growth for the global bioplastics market.

COVID-19 Impact on Global Bioplastics Market:


Bioplastics are confirmed to be an excellent option to conventional plastics, which are in improved demand owing to the enlargement in food, pharma, and PPE packaging amidst the pandemic booming of the market stability globally. Exceptionally, the need for food packaging and single-use plastic has increased in the COVID-19 pandemic. Companies have endeavored biodegradable alternatives for food packaging and single-use cutlery, driving the market growth. The Global Bioplastics Market Size was US$ 6.7 Billion in 2021.

PLA to Pace Biodegradables:


Biodegradable plastics account for their majority application in the world bioplastics market. Excellent growth is forecast for the leading biodegradable plastics such as polylactic acid (PLA), which will pace its demand through 2021. As per the analysis, rapid growth for PLA is expected to benefit from advancements in compounding polymerization technology and it's relatively low cost compared to other bioplastics. Similarly, the fastest gains for biodegradable plastics will also be seen for polyhydroxyalkanoate (PHA) resins, which are just entering the commercial market.

Non-Biodegradable Polytrimethylene Terephthalate (PTT) to Lead Gains:


Despite the solid advances for biodegradables, non-biodegradable Polytrimethylene Terephthalate (PTT) will be the primary driver of bioplastics demand through 2021 and beyond. Majorly, gains will be fuelled by the industrial and residential carpet market. Polytrimethylene Terephthalate is used in the textile industry as it can be spun both in yarn and fibers. Also, PTT can be used in textiles and apparel, non-woven films, engineering thermoplastics, and monofilaments. Besides, PTT is used in carpets for the automotive market. Hence, this material finds apparel, home furnishing, and automobile upholstery applications. Remarkably, PTT composites and bio-composites can be significant opportunities for the market.

Asia-Pacific Is Well Positioned to Become A Global Bioplastics Hub:


As per the analysis, North America is expected to be the largest regional market of the bioplastics market. The developed regions are anticipated to dominate the overall packaging market due to mature markets that consist of highly environmental-conscious consumers. In addition, the presence of a high-spending population is also likely to increase the overall demand for biodegradable packaging in the developed regions.

Additionally, Asia-Pacific is well-positioned to become a global bioplastics hub. The Asia-Pacific is a leading producer of the raw materials required for bioplastic synthesis and is well equipped with progressive technology and technical expertise through all phases of the supply chain. Consumers in the market have access to the industry, and a solid governmental supporting policy has been implemented to fuel growth in the bioplastic sector. Hence, all of these factors highlight Asia-Pacific's readiness to emerge as a global bioplastic hub.

Key Companies Insights:


Global competition exists in the market due to many players present across the regions. Moreover, the demand for bioplastics is poised to increase in developed and developing economies. Consequently, the key market players are spending in research and development to include bioplastic products, which are assertive and readily degradable in the natural environment. Major players in the industry comprise Mitsubishi Chemical Holding Corporation (Japan), Total Corbion (Netherlands), Toray Industries (Japan), Biome Bioplastics (UK), and Green Dot Bioplastics.

This latest report “Bioplastics Market, Global Forecast By Material Type (Biodegradable (Polybutylene adipate Terephthalate (PBAT),Polybutylene Succinate (PBS),Polylactic Acid (PLA),Polyhydroxyalkanoate (PHA),Starch Blends and Others) and Non-Biodegradable (Polyethylene (PE),Polyethylene terephthalate (PET),Polyamide (PA), Polypropylene (PP,Polytrimethylene terephthalate) ( PTT) and Others)), Applications (Packaging, Agriculture, Consumer Goods, Textile, Automotive And Transportation, And Building and Construction), Region (North America, Europe, Asia Pacific and Rest of the Word), Companies (Total Corbion (Netherlands), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Biome Bioplastics (UK) and GREEN DOT BIOPLASTICS)” provides a detailed analysis of Global Bioplastics Industry.

Material Type - Global Bioplastics has been covered from 2 viewpoints:


1. Biodegradable
2. Non-Biodegradable

Biodegradable - Global Bioplastics has been covered from 6 viewpoints:


1. Polybutylene adipate Terephthalate (PBAT)
2. Polybutylene Succinate (PBS)
3. Polylactic Acid (PLA)
4. Polyhydroxyalkanoate (PHA)
5. Starch Blends
6. Others

Non-Biodegradable - Global Bioplastics has been covered from 6 viewpoints:


1. Polyethylene (PE)
2. Polyethylene terephthalate (PET)
3. Polyamide (PA)
4. Polypropylene (PP)
5. Polytrimethylene terephthalate) ( PTT)
6. Others

Applications - Global Bioplastics Market has been covered from 7 viewpoints:


1. Packaging
2. Agriculture
3. Consumer Goods
4. Textile
5. Automotive and Transportation

Region - Global Bioplastics Market has been covered from 4 viewpoints:


1. North America
2. Europe
3. Asia Pacific
4. Rest of the World

Company Insights:

  • Overview
  • Recent Developments
  • Sales Analysis

Company Analysis:


1. Total Corbion (Netherlands)
2. Mitsubishi Chemical Holding Corporation (Japan)
3. Toray Industries (Japan)
4. Biome Bioplastics (UK)
5. Green Dot Bioplastics
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 $6.7 Billion in 2021.

What is the growth rate of the Global Bioplastics Market?

The growth rate of the Global Bioplastics Market is 6.7%, with an estimated value of $9.9 Billion by 2027.

What is the forecasted size of the Global Bioplastics Market?

The Global Bioplastics Market is estimated to be worth $9.9 Billion by 2027.

Who are the key companies in the Global Bioplastics Market?

Key companies in the Global Bioplastics Market include Total Corbion (Netherlands), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan) and Green Dot Bioplastics.

Table of Contents

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Bioplastics Analysis
5.1 Market
5.2 Volume
6. Market Share - Global Bioplastics Analysis
6.1 By Material Type
6.1.1 Biodegradable
6.1.2 Non Biodegradable
6.2 By Application
6.3 By Region
7. Volume Share - Global Bioplastics Analysis
7.1 By Material Type
7.1.1 Biodegradable
7.1.2 Non Biodegradable
8. Material Type - Global Bioplastics Market
8.1 Biodegradable
8.1.1 Polybutylene adipate Terephthalate (PBAT)
8.1.1.1 Market
8.1.1.2 Volume
8.1.2 Polybutylene Succinate (PBS)
8.1.2.1 Market
8.1.2.2 Volume
8.1.3 Polylactic Acid (PLA)
8.1.3.1 Market
8.1.3.2 Volume
8.1.4 Polyhydroxyalkanoate (PHA)
8.1.4.1 Market
8.1.4.2 Volume
8.1.5 Starch Blends
8.1.5.1 Market
8.1.5.2 Volume
8.1.6 Others
8.1.6.1 Market
8.1.6.2 Volume
8.2 Non Biodegradable
8.2.1 Polyethylene (PE)
8.2.1.1 Market
8.2.1.2 Volume
8.2.2 Polyethylene terephthalate (PET)
8.2.2.1 Market
8.2.2.2 Volume
8.2.3 Polyamide (PA)
8.2.3.1 Market
8.2.3.2 Volume
8.2.4 Polypropylene (PP)
8.2.4.1 Market
8.2.4.2 Volume
8.2.5 Poly(trimethylene terephthalate) ( PTT)
8.2.5.1 Market
8.2.5.2 Volume
8.2.6 Others
8.2.6.1 Market
8.2.6.2 Volume
9. Applications - Global Bioplastics Market
9.1 Packaging
9.2 Agriculture
9.3 Consumer Goods
9.4 Textile
9.5 Automotive and Transportation
9.6 Building and Construction
9.7 Others
10. Regions - Global Bioplastics Market
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Rest of the World
11. Porters Five Forces
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12. Company Analysis
12.1 Total Corbion (Netherlands)
12.1.1 Overview
12.1.2 Recent Developments
12.1.3 Sales Analysis
12.2 Mitsubishi Chemical Holding Corporation (Japan)
12.2.1 Overview
12.2.2 Recent Developments
12.2.3 Sales Analysis
12.3 Toray Industries (Japan)
12.3.1 Overview
12.3.2 Recent Developments
12.3.3 Sales Analysis
12.4 Biome Bioplastics (UK)
12.4.1 Overview
12.4.2 Recent Developments
12.4.3 Sales Analysis
12.5 Green Dot Bioplastics
12.5.1 Overview
12.5.2 Recent Developments
12.5.3 Sales Analysis
List of Figures:
Figure-01: Global - Bioplastic Market (Million US$), 2018 - 2021
Figure-02: Global - Forecast for Bioplastic Market (Million US$), 2022 - 2027
Figure-03: Global - Bioplastic Volume (Million US$), 2018 - 2021
Figure-04: Global - Forecast for Bioplastic Volume (Million US$), 2022 - 2027
Figure-05: Biodegradable - Polybutylene adipate Terephthalate (PBAT) Market (Million US$), 2018 - 2021
Figure-06: Biodegradable - Forecast for Polybutylene adipate Terephthalate (PBAT) Market (Million US$), 2022 - 2027
Figure-07: Biodegradable - Polybutylene adipate Terephthalate (PBAT) Volume (Thousand Tonnes), 2018 - 2021
Figure-08: Biodegradable - Forecast for Polybutylene adipate Terephthalate (PBAT) Volume (Thousand Tonnes), 2022 - 2027
Figure-09: Biodegradable - Polybutylene Succinate (PBS) Market (Million US$), 2018 - 2021
Figure-10: Biodegradable - Forecast for Polybutylene Succinate (PBS) Market (Million US$), 2022 - 2027
Figure-11: Biodegradable - Polybutylene Succinate (PBS) Volume (Thousand Tonnes), 2018 - 2021
Figure-12: Biodegradable - Forecast for Polybutylene Succinate (PBS) Volume (Thousand Tonnes), 2022 - 2027
Figure-13: Biodegradable - Polylactic Acid (PLA) Market (Million US$), 2018 - 2021
Figure-14: Biodegradable - Forecast for Polylactic Acid (PLA) Market (Million US$), 2022 - 2027
Figure-15: Biodegradable - Polylactic Acid (PLA) Volume (Thousand Tonnes), 2018 - 2021
Figure-16: Biodegradable - Forecast for Polylactic Acid (PLA) Volume (Thousand Tonnes), 2022 - 2027
Figure-17: Biodegradable - Polyhydroxyalkanoate (PHA) Market (Million US$), 2018 - 2021
Figure-18: Biodegradable - Forecast for Polyhydroxyalkanoate (PHA) Market (Million US$), 2022 - 2027
Figure-19: Biodegradable - Polyhydroxyalkanoate (PHA) Volume (Thousand Tonnes), 2018 - 2021
Figure-20: Biodegradable - Forecast for Polyhydroxyalkanoate (PHA) Volume (Thousand Tonnes), 2022 - 2027
Figure-21: Biodegradable - Starch Blends Market (Million US$), 2018 - 2021
Figure-22: Biodegradable - Forecast for Starch Blends Market (Million US$), 2022 - 2027
Figure-23: Biodegradable - Starch Blends Volume (Thousand Tonnes), 2018 - 2021
Figure-24: Biodegradable - Forecast for Starch Blends Volume (Thousand Tonnes), 2022 - 2027
Figure-25: Biodegradable - Others Market (Million US$), 2018 - 2021
Figure-26: Biodegradable - Forecast for Others Market (Million US$), 2022 - 2027
Figure-27: Biodegradable - Others Volume (Thousand Tonnes), 2018 - 2021
Figure-28: Biodegradable - Forecast for Others Volume (Thousand Tonnes), 2022 - 2027
Figure-29: Non Biodegradable - Polyethylene (PE) Market (Million US$), 2018 - 2021
Figure-30: Non Biodegradable - Forecast for Polyethylene (PE) Market (Million US$), 2022 - 2027
Figure-31: Non Biodegradable - Polyethylene (PE) Volume (Thousand Tonnes), 2018 - 2021
Figure-32: Non Biodegradable - Forecast for Polyethylene (PE) Volume (Thousand Tonnes), 2022 - 2027
Figure-33: Non Biodegradable - Polyethylene terephthalate (PET) Market (Million US$), 2018 - 2021
Figure-34: Non Biodegradable - Forecast for Polyethylene terephthalate (PET) Market (Million US$), 2022 - 2027
Figure-35: Non Biodegradable - Polyethylene terephthalate (PET) Volume (Thousand Tonnes), 2018 - 2021
Figure-36: Non Biodegradable - Forecast for Polyethylene terephthalate (PET) Volume (Thousand Tonnes), 2022 - 2027
Figure-37: Non Biodegradable - Polyamide (PA) Market (Million US$), 2018 - 2021
Figure-38: Non Biodegradable - Forecast for Polyamide (PA) Market (Million US$), 2022 - 2027
Figure-39: Non Biodegradable - Polyamide (PA) Volume (Thousand Tonnes), 2018 - 2021
Figure-40: Non Biodegradable - Forecast for Polyamide (PA) Volume (Thousand Tonnes), 2022 - 2027
Figure-41: Non Biodegradable - Polypropylene (PP) Market (Million US$), 2018 - 2021
Figure-42: Non Biodegradable - Forecast for Polypropylene (PP) Market (Million US$), 2022 - 2027
Figure-43: Non Biodegradable - Polypropylene (PP) Volume (Thousand Tonnes), 2018 - 2021
Figure-44: Non Biodegradable - Forecast for Polypropylene (PP) Volume (Thousand Tonnes), 2022 - 2027
Figure-45: Non Biodegradable - Poly(trimethylene terephthalate) ( PTT) Market (Million US$), 2018 - 2021
Figure-46: Non Biodegradable - Forecast for Poly(trimethylene terephthalate) ( PTT) Market (Million US$), 2022 - 2027
Figure-47: Non Biodegradable - Poly(trimethylene terephthalate) ( PTT) Volume (Thousand Tonnes), 2018 - 2021
Figure-48: Non Biodegradable - Forecast for Poly(trimethylene terephthalate) ( PTT) Volume (Thousand Tonnes), 2022 - 2027
Figure-49: Non Biodegradable - Others Market (Million US$), 2018 - 2021
Figure-50: Non Biodegradable - Forecast for Others Market (Million US$), 2022 - 2027
Figure-51: Non Biodegradable - Others Volume (Thousand Tonnes), 2018 - 2021
Figure-52: Non Biodegradable - Forecast for Others Volume (Thousand Tonnes), 2022 - 2027
Figure-53: Applications - Packaging Market (Million US$), 2018 - 2021
Figure-54: Applications - Forecast for Packaging Market (Million US$), 2022 - 2027
Figure-55: Applications - Agriculture Market (Million US$), 2018 - 2021
Figure-56: Applications - Forecast for Agriculture Market (Million US$), 2022 - 2027
Figure-57: Applications - Consumer Goods Market (Million US$), 2018 - 2021
Figure-58: Applications - Forecast for Consumer Goods Market (Million US$), 2022 - 2027
Figure-59: Applications - Textile Market (Million US$), 2018 - 2021
Figure-60: Applications - Forecast for Textile Market (Million US$), 2022 - 2027
Figure-61: Applications - Automotive and Transportation Market (Million US$), 2018 - 2021
Figure-62: Applications - Forecast for Automotive and Transportation Market (Million US$), 2022 - 2027
Figure-63: Applications - Building and Construction Market (Million US$), 2018 - 2021
Figure-64: Applications - Forecast for Building and Construction Market (Million US$), 2022 - 2027
Figure-65: Applications - Others Market (Million US$), 2018 - 2021
Figure-66: Applications - Forecast for Others Market (Million US$), 2022 - 2027
Figure-67: North America - Bioplastic Market (Million US$), 2018 - 2021
Figure-68: North America - Forecast for Bioplastic Market (Million US$), 2022 - 2027
Figure-69: Europe - Bioplastic Market (Million US$), 2018 - 2021
Figure-70: Europe - Forecast for Bioplastic Market (Million US$), 2022 - 2027
Figure-71: Asia Pacific - Bioplastic Market (Million US$), 2018 - 2021
Figure-72: Asia Pacific - Forecast for Bioplastic Market (Million US$), 2022 - 2027
Figure-73: Rest of the World - Bioplastic Market (Million US$), 2018 - 2021
Figure-74: Rest of the World - Forecast for Bioplastic Market (Million US$), 2022 - 2027
Figure-75: Total Corbion (Netherlands) - Global Revenue (Million US$), 2018 - 2021
Figure-76: Total Corbion (Netherlands) - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure-77: Mitsubishi Chemical Holding Corporation (Japan) - Global Revenue (Million US$), 2018 - 2021
Figure-78: Mitsubishi Chemical Holding Corporation (Japan) - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure-79: Toray Industries (Japan) - Global Revenue (Million US$), 2018 - 2021
Figure-80: Toray Industries (Japan) - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure-81: Biome Bioplastics (UK) - Global Revenue (Million US$), 2018 - 2021
Figure-82: Biome Bioplastics (UK) - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure-83: Green Dot Bioplastics - Global Revenue (Million US$), 2018 - 2021
Figure-84: Green Dot Bioplastics - Forecast for Global Revenue (Million US$), 2022 - 2027
List of Tables:
Table-01: Global - Biodegradable Market Share by Material Type (Percent), 2018 - 2021
Table-02: Global - Forecast for Biodegradable Market Share by Material Type (Percent), 2022 - 2027
Table-03: Global - Non Biodegradable Market Share by Material Type (Percent), 2018 - 2021
Table-04: Global - Forecast for Non Biodegradable Market Share by Material Type (Percent), 2022 - 2027
Table-05: Global - Bioplastic Market Share by Application (Percent), 2018 - 2021
Table-06: Global - Forecast for Bioplastic Market Share by Application (Percent), 2022 - 2027
Table-07: Global - Bioplastic Market Share by Region (Percent), 2018 - 2021
Table-08: Global - Forecast for Bioplastic Market Share by Region (Percent), 2022 - 2027
Table-09: Global - Biodegradable Volume Share by Material Type (Percent), 2018 - 2021
Table-10: Global - Forecast for Biodegradable Volume Share by Material Type (Percent), 2022 - 2027
Table-11: Global - Non Biodegradable Volume Share by Material Type (Percent), 2018 - 2021
Table-12: Global - Forecast for Non Biodegradable Volume Share by Material Type (Percent), 2022 - 2027

Companies Mentioned

  • Total Corbion (Netherlands)
  • Mitsubishi Chemical Holding Corporation (Japan)
  • Toray Industries (Japan)
  • Biome Bioplastics (UK)
  • Green Dot Bioplastics

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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