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United States Bioplastics Market - Segmented by Origin, Type, Application, and Geography (2020 - 2025)

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United States Bioplastics Market

The market is expected to grow at a CAGR of XX.XX% during the forecast period. The production capacity of the country is expected to increase from XX. XX million metric tons in 2017 to XX.XX million metric tons by 2023.

Bioplastics 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

The market for bioplastics is majorly driven by the reduced dependence on petroleum-based raw materials for eco-friendly and sustainable products. However, the major restraints include the higher cost of manufacturing and shortage of waste processing infrastructure, as there exists a lack of a standard procedure for the collection and recycling of plastics.

Market Segmentation

The market is segmented by type as bio & synthetic based biodegradables and bio-based non-biodegradables. Bio and synthetic based biodegradables plastics are further segmented into aliphatic polyesters (polylactic acid, polyhydroxyalkanoates (PHA), polybutylene succinate and other aliphatic polyesters), starch-based plastics, cellulose derivatives, poly anhydrides, poly vinyl alcohols, and other biodegradable plastics. Also, bio-based non-biodegradables are segmented into biopolyethylene terephthalate (PET), biopolyethylene, biopolyamides, biopolyols and polyurethane, biopolytrimethylene terephthalate (PTT), bio-polypropylene (PP), other non-biodegradable bioPlastics.

The market is also segmented by origin as bio-based plastics and synthetic-based biodegradable plastics. Further segmentation by application includes packaging and plastic bags, bottles and containers, loose film packaging, automotive and technical applications, agriculture, consumer products, catering, pharmaceutical, construction, textiles, and others.

Opportunities & Major Players – The bioplastics market future has sufficient opportunity to increase the market at a higher rate. The promotion of public awareness and government concern for bio-based plastics has increased the usage of bioplastics, globally.

The major distributors for bioplastics products include the big global & local manufacturers:

  • Metabolix Inc.
  • Showa Denko America
  • Nature Works LLC
  • Novamont
  • Toray Industries
  • BASF AG
  • Braskem

The report also focuses on raw material analysis, patent analysis, and technology overview.

Key Deliverables in the Study

  • Market analysis for the United States bioplastics market, with region specific assessments and competition analysis on a country and region-wise scale.
  • Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
  • 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 United States bioplastics market on a country and region-wise scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • Insights on the major countries/regions where this industry is growing and also to identify the regions that are still untapped.

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