north-america-bioplastics-market-industry
Published

September 2016

North America Bioplastics Market Segmented By Material Type, Origin, Application and Geography (2015 - 2020)

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The total production capacity of North America bioplastics market is estimated to be 0.39 million metric tons in 2015. The market is expected to grow at a CAGR of 28% during the forecast period.

Bio plastics are majorly consumed in the packaging industry in the form of plastic bags and bottles. Other industries include consumer products, agriculture, catering, pharmaceuticals, textiles, etc. Some of the most widely used bio-plastics are polylactic acid (PLA) and PLA blends, starch extracts, bio-polyethylene (bio-PE) and polybutylene succinate.

Market Dynamics of the North America Bioplastics Market:

Drivers:

  • Reduced dependence on petroleum-based raw materials
  • Lower carbon footprint
  • Lower toxicity
  • Increased awareness
  • Stringent government policies

Restraints:

  • High cost of raw material
  • Shortage in waste processing infrastructure

Countries in the North American region have already started implementing new regulations that promote a wide use of bio-based materials. However, this progress is hindered from time to time due to weak and unclear enforcement guidelines. In the order of market dominance, China, Japan, Thailand and India are some of the major countries actively involves in this industry.

The North America bioplastics market is segmented by bio and synthetic based biodegradables (aliphatic polyesters, starch based plastics, cellulose derivatives, polyanhydrides, poly vinyl alcohols and other biodegradable plastics), by non-bio based biodegradables, by origin (biobased plastics, synthetic biodegradables), by application (bottles and packaging, agriculture, automotive, construction, consumer products and others) and by geography (U.S.A and Canada).

The key players in the North American bioplastics market are:

  • Dow Chemicals
  • Green Day Eco-friendly materials
  • Nature Works LLC
  • Novamont
  • Toray

Key Deliverables in the Study

  • Analysis for the North American bioplastics market, with region specific assessments and competition analysis on a regional scale.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the North American bioplastics market on a regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
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