The global bioplastics market size reached US$ 11.3 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 23.2 Billion by 2028, exhibiting a CAGR of 12.74% during 2022-2028.
Bioplastic is a biodegradable material produced from natural resources, such as vegetable oils and starches, which is used to reduce plastic waste polluting the environment. It is highly durable and lightweight and can be molded into different shapes and sizes. It requires less amount of energy during the manufacturing process. As bioplastic is absorbed by the soil and converted to compost or humus, there is no need to add more landfills. In addition, it is recyclable and does not need any fossil fuel for recycling as compared to conventional plastics. As a result, it is widely used in agricultural products, coating, packaging, and consumer goods across the globe.
2. What is the expected growth rate of the global bioplastics market during 2023-2028?
3. What are the key factors driving the global bioplastics market?
4. What has been the impact of COVID-19 on the global bioplastics market?
5. What is the breakup of the global bioplastics market based on the product?
6. What is the breakup of the global bioplastics market based on the application?
7. What are the key regions in the global bioplastics market?
8. Who are the key players/companies in the global bioplastics market?
Bioplastic is a biodegradable material produced from natural resources, such as vegetable oils and starches, which is used to reduce plastic waste polluting the environment. It is highly durable and lightweight and can be molded into different shapes and sizes. It requires less amount of energy during the manufacturing process. As bioplastic is absorbed by the soil and converted to compost or humus, there is no need to add more landfills. In addition, it is recyclable and does not need any fossil fuel for recycling as compared to conventional plastics. As a result, it is widely used in agricultural products, coating, packaging, and consumer goods across the globe.
Bioplastics Market Trends:
The growing concerns among the masses about the harmful impact of plastics represent one of the key factors driving the market. Besides this, there is a rise in the demand for bio-based packaging in consumer goods as they have higher tensile strength. This, along with the increasing utilization of bioplastics in various industries to reduce carbon and greenhouse gas emissions, is contributing to the growth of the market. In addition, bioplastics are manufactured from renewable sources, such as corn, wheat, maize, and sugarcane, which is offering a positive market outlook. Moreover, governments of several countries are undertaking initiatives to promote the usage of bioplastics for reducing plastic pollution. They are also organizing various campaigns for using bioplastic products due to the increasing oil prices across the globe. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce bio-based polyethylene, nylon, and polyethylene terephthalate (PET) plastic bottles for beverage packaging, which is positively influencing the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global bioplastics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, application and distribution channel.Breakup by Product:
- Biodegradable
- Polylactic Acid
- Starch Blends
- Polybutylene Adipate Terephthalate (PBAT)
- Polybutylene Succinate (PBS)
- Others
- Non-Biodegradable
- Polyethylene
- Polyethylene Terephthalate
- Polyamide
- Polytrimethylene Terephthalate
- Others
Breakup by Application:
- Flexible Packaging
- Rigid Packaging
- Agriculture and Horticulture
- Consumer Goods
- Textile
- Automotive and Transportation
- Others
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A., BASF SE, Biome Bioplastics Limited (Biome Technologies plc), Eastman Chemical Company, FKuR Kunststoff GmbH, Kuraray Co. Ltd., Mitsubishi Chemical Corporation (Mitsubishi Chemical Holdings Corporation), Novamont S.p.A., Solvay S.A., Teijin Limited, Total Corbion PLA and Trinseo.Key Questions Answered in This Report
1. What was the size of the global bioplastics market in 2022?2. What is the expected growth rate of the global bioplastics market during 2023-2028?
3. What are the key factors driving the global bioplastics market?
4. What has been the impact of COVID-19 on the global bioplastics market?
5. What is the breakup of the global bioplastics market based on the product?
6. What is the breakup of the global bioplastics market based on the application?
7. What are the key regions in the global bioplastics market?
8. Who are the key players/companies in the global bioplastics market?
Table of Contents
1 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Bioplastics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Biodegradable
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Polylactic Acid
6.1.2.2 Starch Blends
6.1.2.3 Polybutylene Adipate Terephthalate (PBAT)
6.1.2.4 Polybutylene Succinate (PBS)
6.1.2.5 Others
6.1.3 Market Forecast
6.2 Non-Biodegradable
6.2.1 Market Trends
6.2.2 Key segments
6.2.2.1 Polyethylene
6.2.2.2 Polyethylene Terephthalate
6.2.2.3 Polyamide
6.2.2.4 Polytrimethylene Terephthalate
6.2.2.5 Others
6.2.3 Market Forecast
7 Market Breakup by Application
7.1 Flexible Packaging
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Rigid Packaging
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Agriculture and Horticulture
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Consumer Goods
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Textile
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Automotive and Transportation
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Online
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offline
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Arkema S.A.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 BASF SE
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Biome Bioplastics Limited (Biome Technologies plc)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Eastman Chemical Company
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 FKuR Kunststoff GmbH
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Kuraray Co. Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Mitsubishi Chemical Corporation (Mitsubishi Chemical Holdings Corporation)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Novamont S.p.A.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Solvay S.A.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Teijin Limited
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Total Corbion PLA
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Trinseo
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
List of Figures
Figure 1: Global: Bioplastics Market: Major Drivers and Challenges
Figure 2: Global: Bioplastics Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Bioplastics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Bioplastics Market: Breakup by Product (in %), 2022
Figure 5: Global: Bioplastics Market: Breakup by Application (in %), 2022
Figure 6: Global: Bioplastics Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Bioplastics Market: Breakup by Region (in %), 2022
Figure 8: Global: Bioplastics (Biodegradable) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Bioplastics (Biodegradable) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Bioplastics (Non-Biodegradable) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Bioplastics (Non-Biodegradable) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Bioplastics (Flexible Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Bioplastics (Flexible Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Bioplastics (Rigid Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Bioplastics (Rigid Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Bioplastics (Agriculture and Horticulture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Bioplastics (Agriculture and Horticulture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Bioplastics (Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Bioplastics (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Bioplastics (Textile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Bioplastics (Textile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Bioplastics (Automotive and Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Bioplastics (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Bioplastics (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Bioplastics (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Bioplastics (Online) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Bioplastics (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Bioplastics (Offline) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Bioplastics (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Bioplastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Bioplastics Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Bioplastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Bioplastics Industry: SWOT Analysis
Figure 80: Global: Bioplastics Industry: Value Chain Analysis
Figure 81: Global: Bioplastics Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Bioplastics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Bioplastics Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Bioplastics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Bioplastics Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Bioplastics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Bioplastics Market: Competitive Structure
Table 7: Global: Bioplastics Market: Key Players
Companies Mentioned
- Arkema S.A.
- BASF SE
- Biome Bioplastics Limited (Biome Technologies plc)
- Eastman Chemical Company
- FKuR Kunststoff GmbH
- Kuraray Co. Ltd.
- Mitsubishi Chemical Corporation (Mitsubishi Chemical Holdings Corporation)
- Novamont S.p.A.
- Solvay S.A.
- Teijin Limited
- Total Corbion PLA
- Trinseo.
Methodology
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