Bioplastics Market, by Product Type, by Application, by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Bioplastics are derived from crops like corn, cellulose and sugarcane. High availability of favorable government initiatives and renewable feedstock has enabled manufacturers to adopt bio-based plastics. Surge in adoption of recyclable products and improvement in scope of bioplastics all over the world has driven the growth of the global bioplastics market.

Market Dynamics

The global bioplastics market has witnessed significant growth in recent past years, owing to the rising wide spread awareness among consumers regarding environmental safety and benefits of bioplastics are the key factors propelling growth of bioplastics market. Moreover, initiatives of regulatory bodies recommending adoptions of eco-friendly alternatives by the manufacturers, will further boost growth of the bioplastics market during the forecast period. This is expected to propel the growth of the bioplastics market all over the globe.

Major players in the global bioplastics market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities from bioplastics to capitalize on emerging trends in various end-use industries such as food & beverages, packaging, automotive, consumer goods, agriculture and others. This is expected to fuel the market during the forecast period.

Increasing investment in the bioplastic for boosting production is expected to provide lucrative opportunities to the market. For instance, in January 2020, Stora Enso announced that it is investing US$ 10 million to build an experimental plant for enabling the production of bio-based plastics as a barrier in transparent packaging. The new plant will transform plant-based sugars into the renewable building block that is essential to make PEF, a biobased plastic, mainly targeting the food and beverage market. Increasing ban on single-use plastic especially across Europe and North America is projected to drive the bioplastics market in the near future.

Key features of the study:

• This report provides an in-depth analysis of global bioplastics market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global bioplastics market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study includes BASF SE, Braskem S.A., Koninklijke DSM N.V., Arkema S.A., Innovia Films, Ltd., Metabolix, Inc., NatureWorks, LLC,Novamont S.p.A., znd The Dow Chemical Company
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The global bioplastics market report caters to various stakeholders in this industry including investors, suppliers, sodium hypochlorite manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bioplastics market.

Detailed Segmentation:

• Global Bioplastics Market, By Product Type:
  • Bio-PET
  • Bio-PE
  • PLA and PLA Blends
  • Biodegradable Polyester
  • Starch Blends
  • Bio-PA
  • PHA
  • Others
• Global Bioplastics Market, By Application:
  • Bottles
  • Other Packaging
  • Automotive
  • Consumer Goods
  • Food
  • Agriculture
  • Others
• Global Bioplastics Market, By Region:
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • EU 5
    • Benelux
    • Nordic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
• Company Profiles
  • BASF SE*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Braskem S.A.
  • Koninklijke DSM N.V.
  • Arkema S.A.
  • Innovia Films, Ltd.
  • Metabolix, Inc.
  • NatureWorks, LLC
  • Novamont S.p.A.
  • The Dow Chemical Company

"*" marked represents similar segmentation in other categories in the respective.