Global Green & Bio-based Plastic Additives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Functionality Type (Plasticizers, Antimicrobial Agents, Antistatic Agents, Flame-Retardants, Stabilizers, Reinforcing Agents, and Other Types), Applications (Packaging, Electronics, Medical Devices, Textiles, Consumer Goods, and Other Applications ) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Green & Bio Based Plastic Additives Industry Overview

Green & Bio-based Plastic Additives Market Share
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: < 5 %

Major Players

Green & Bio-based Plastic Additives Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Green & Bio Based Plastic Additives Market Analysis

The market for global green & bio-based plastic additives is expected to grow at a CAGR of approximately 5% globally during the forecast period.

Growing demand for bio-based plastics for packaging applications and other reasons are driving the market growth.

The impact of COVID-19 and reasons are expected to hinder the market growth.

Green & Bio Based Plastic Additives Industry Segments

The Global Green & Bio-based Plastic Additives Market report include:

Functionality Type
Plasticizers
Antimicrobial Agents
Antistatic Agents
Flame-Retardants
Stabilizers
Reinforcing Agents
Other Types
End-user Industry
Packaging
Electronics
Medical Devices
Textiles
Consumer Goods
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Green & Bio Based Plastic Additives Market Trends

This section covers the major market trends shaping the Green & Bio Based Plastic Additives Market according to our research experts:

Growing Demand for Packaging Applications

  • Green and bio-based plastic additives are bio substances that are added to plastics to increase the final and mechanical properties, performance, and other qualities in a positive and environmental friendly way.
  • The demand for bio-based plastics additives has been growing in developed as well as in developing regions because of environmental rules that are being implemented by the respective governments. Packaging is considered as one of the major applications for biobased plastic additives globally.
  • Plasticizers are one of the most common functional bio-based additives that can improve the flexibility of plastics. Some of the end-use applications of plastics that require these additives are packaging, electronics, automotive, etc.
  • North America and Europe are the regions that have high regulations on plastics, especially which are being used for food packaging, bottles, food storage purposes, and others. So, companies are looking forward to making bio-based plastic products and invest in bio-based plastics.
  • North America is the largest market in the consumption of bio-based plastic additives followed by Europe as these regions have more demand from food processing units and other end-user industries, compared to other regions.
  • Recently, the outbreak of COVID-19 in all regions is expected to decrease the growth rate of green and bio-based plastic additives market for the next two years as many production units have been closed due to lockdown and the outputs are not expected to witness any significant growth in near future.
  • Increasing applications for environmentally friendly plastics, growing awareness in developing regions on plastics are expected to grow the demand for green & bio-based plastic additives through the years to come.
Green & Bio-based Plastic Additives Market Analysis

Asia-Pacific Region to Dominate the Market in the coming years

  • Asia-Pacific is expected to dominate the global market owing to the highly developed automobile sector in China, Korea, Japan, and India, coupled with the continuous investments done in the region to advance the food processing plants and electronics through the years.
  • The medical sector in the Asia-Pacific is also growing rapidly in recent years. Green and bio-based plastic additives are being used for medical devices, as these offer more safety and flexibility to the plastic products.
  • China and Japan are leading countries in the production of consumer goods, toys, electronics, and other products in Asia-Pacific. As companies have been inclining to use more biobased plastic products, the demand for green & bio-based plastic additives for these segments is growing gradually in recent times.
  • China entered the food processing industry long back and has been emerging as one of the leading food processing countries in the world. Also, the food sector is one of the highest revenue generators in China, much higher than any other country in recent times.
  • Also, increasing usage of bio-plastic products in automobiles and construction industries, and rising government regulations on plastics, are expected to support the growth of the green and bio-based plastic additives market in the Asia-Pacific region.
Green & Bio-based Plastic Additives Market Growth

Green & Bio Based Plastic Additives Market Competitor Analysis

The global green & bio-based plastic additives market is fragmented in nature with many players competing in the market. Some of the major companies are Emery Oleochemicals, Cargill Inc, PolyOne Corporation, Teijin Limited, and Clariant AG, among others.

Green & Bio Based Plastic Additives Market Top Players

  1. Clariant AG

  2. Emery Oleochemicals

  3. Cargill Inc

  4. PolyOne Corporation

  5. Teijin Limited

*Disclaimer: Major Players sorted in no particular order

Clariant AG, Emery Oleochemicals, Cargill Inc, PolyOne Corporation, Teijin Limited

Green & Bio Based Plastic Additives Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand for Bio-based Plastics for Packaging Applications

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Impact of COVID-19

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Functionality Type

      1. 5.1.1 Plasticizers

      2. 5.1.2 Antimicrobial Agents

      3. 5.1.3 Antistatic Agents

      4. 5.1.4 Flame-Retardants

      5. 5.1.5 Stabilizers

      6. 5.1.6 Reinforcing Agents

      7. 5.1.7 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Packaging

      2. 5.2.2 Electronics

      3. 5.2.3 Medical Devices

      4. 5.2.4 Textiles

      5. 5.2.5 Consumer Goods

      6. 5.2.6 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 France

        4. 5.3.3.4 Italy

        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 and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Clariant AG

      2. 6.4.2 Cargill

      3. 6.4.3 Cathay Industrial Biotech

      4. 6.4.4 FKuR Kunststoff

      5. 6.4.5 Emery Oleochemicals

      6. 6.4.6 PolyOne Corporation

      7. 6.4.7 Kompuestos

      8. 6.4.8 Teijin Limited

      9. 6.4.9 Arkema S.A.

      10. 6.4.10 Zhejiang Hisun Biomaterials

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Other Opportunities

**Subject to Availability
You can also purchase parts of this report. Do you want to check out a section wise price list?

Green & Bio Based Plastic Additives Market Research FAQs

The Global Green & Bio-based Plastic Additives Market is studied from 2018 - 2028.

The Global Green & Bio-based Plastic Additives Market is growing at a CAGR of <5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Clariant AG , Emery Oleochemicals , Cargill Inc , PolyOne Corporation , Teijin Limited are the major companies operating in Global Green & Bio-based Plastic Additives Market.

Global Green & Bio-based Plastic Additives Industry Reports

In-depth industry statistics and market share insights of the Global Green & Bio-based Plastic Additives sector for 2020, 2021, and 2022. The Global Green & Bio-based Plastic Additives research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Global Green & Bio-based Plastic Additives report PDF.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!