Bioplastics Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Type (Bio and Fossil-based Biodegradables and Bio-based Non-biodegradables), Application (Flexible Packaging, Rigid Packaging, Automotive and Assembly Operations, Agriculture and Horticulture, Construction, Textiles, Electrical and Electronics, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

Market Snapshot

bioplastics market

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

Greater Than 20 %

Major Players:

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Market Overview

The global bioplastics market is expected to register a CAGR of over 20% during the forecast period. The major factors driving the market studied are environmental factors encouraging a paradigm shift and growing demand for bioplastics in flexible packaging. However, the availability of cheaper alternatives is likely to hinder the growth of the market studied.

  • Rigid packaging application is expected to dominate the global market, in terms of volume, during the forecast period.
  • Substitute for petroleum-based plastics and government regulations on traditional plastic products are likely to act as opportunities in the future.

Scope of the Report

The global bioplastics market includes:

Type
Bio and Fossil-based Biodegradables
Starch-based
Polylactic Acid(PLA)
Polyhydroxyalkanoates(PHA)
Polyesters
Other Bio and Fossil-based Biodegradables
Bio-based Non-biodegradables
Bio-polyethylene Terephthalate (PET)
Bio-polyethylene
Bio-polyamides
Bio-polytrimethylene Terephthalate
Other Non-biodegradable Plastics
Application
Flexible Packaging (Films, Plastic Bags, etc.)
Rigid Packaging (Bottles, Containers, etc.)
Automotive & Assembly Operations
Agriculture & Horticulture
Construction
Textiles
Electrical & Electronics
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Rigid Packaging is Expected to Dominate the Market

  • Bioplastics are used in rigid packaging of bottles, containers, cutlery, cups, trays, caps, tubes, and blister packaging, as it does not have adverse effects on the environment.
  • In addition to this, it is used in making trays for frozen food, containers for dry cosmetics, such as face powders and eye shadow, disposable cups, plates, and cutlery.
  • The maximum consumption of bioplastics is in rigid packaging of beverage bottles, trays, etc.
  • The major type of bioplastics used are cornstarch-based, as they are eco-friendly raw materials and the other bioplastics used are polylactic acid, bio-polypropylene, etc.
  • Moreover, the consumption of bioplastics in manufacturing bottles and containers is increasing across the world and is expected to increase during the forecast period.
Bioplastics Market Volume Share

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Growing Demand for Bioplastics in Germany

  • In Germany, bioplastics are used in numerous industries, such as packaging, food-services, agriculture/horticulture, consumer electronics, automotive, consumer goods, and household appliances.
  • The plastic packaging ranges from small-portion packaging to large industrial packaging, which comprises around 45% of the packaging in the country.
  • Over half of the production is film and other flexible packaging, such as bags or sacks. The remainder consists of rigid plastics packaging, for example, bottles, cups, buckets, or closures, which have registered significant growth in the past few years. The plastic packaging products in the country majorly comprise medium-sized enterprises.
  • About one-third of all the plastics packaging is industrial packaging and two-thirds are for household purposes. Out of the two-thirds, about half is food packaging. About 63% of the filled goods for private use in Germany is packed in plastic.
  • Hence, the market scenario in the country is expected to boost the demand for bioplastics during the forecast period.
Bioplastics Market Regional Trends

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Competitive Landscape

The global bioplastics market is partially consolidated. The major players of the market studied include BASF SE, Corbion, Arkema SA, and Solvay, among others.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Environmental Factors Encouraging a Paradigm Shift

      2. 4.1.2 Growing Demand for Bioplastics in Flexible Packaging

    2. 4.2 Restraints

      1. 4.2.1 Availability of Cheaper Alternatives

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Patent Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Bio and Fossil-based Biodegradables

        1. 5.1.1.1 Starch-based

        2. 5.1.1.2 Polylactic Acid(PLA)

        3. 5.1.1.3 Polyhydroxyalkanoates(PHA)

        4. 5.1.1.4 Polyesters

        5. 5.1.1.5 Other Bio and Fossil-based Biodegradables

      2. 5.1.2 Bio-based Non-biodegradables

        1. 5.1.2.1 Bio-polyethylene Terephthalate (PET)

        2. 5.1.2.2 Bio-polyethylene

        3. 5.1.2.3 Bio-polyamides

        4. 5.1.2.4 Bio-polytrimethylene Terephthalate

        5. 5.1.2.5 Other Non-biodegradable Plastics

    2. 5.2 Application

      1. 5.2.1 Flexible Packaging (Films, Plastic Bags, etc.)

      2. 5.2.2 Rigid Packaging (Bottles, Containers, etc.)

      3. 5.2.3 Automotive & Assembly Operations

      4. 5.2.4 Agriculture & Horticulture

      5. 5.2.5 Construction

      6. 5.2.6 Textiles

      7. 5.2.7 Electrical & Electronics

      8. 5.2.8 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 API SpA

      2. 6.4.2 Arkema SA

      3. 6.4.3 BASF SE

      4. 6.4.4 Biotec

      5. 6.4.5 Braskem

      6. 6.4.6 Corbion

      7. 6.4.7 Danimer Scientific

      8. 6.4.8 DowDuPont

      9. 6.4.9 Futerro

      10. 6.4.10 Metbolix Inc.

      11. 6.4.11 Minima

      12. 6.4.12 Natureworks LLC

      13. 6.4.13 Novamont SpA

      14. 6.4.14 Yield10 Bioscience Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Government Regulations on Traditional Plastic Products

    2. 7.2 Substitute for Petroleum-based Plastics

* List Not Exhaustive

** Subject to Availability

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