Bioplastics Market by Raw Material, Degradability, Processing Method, End-User

List of Tables

[181 Pages Report] The Bioplastics Market size was estimated at USD 14.10 billion in 2023 and expected to reach USD 15.94 billion in 2024, at a CAGR 13.25% to reach USD 33.72 billion by 2030.

Bioplastics are materials derived from renewable sources such as plants, microorganisms, and agricultural waste that can function as alternatives to conventional plastics produced from fossil fuels. They exhibit similar properties to traditional plastics regarding flexibility, durability, and lightweight performance, making them suitable for various applications in packaging, automotive components, electronics, agriculture, and medical devices. Increasing environmental concerns and stricter regulations regarding plastic waste disposal have led to a higher demand for eco-friendly alternatives such as bioplastics. Rising public awareness about using sustainable products also drives the adoption of bioplastics. However, the production cost of bioplastics is higher than that of conventional plastics due to feedstock prices, economies of scale, and investment in research & development. Moreover, the development of new application areas for bioplastics and research to develop high-performance biopolymers with enhanced properties can broaden their adoption across various industries.

KEY MARKET STATISTICS
Base Year [2023]	USD 14.10 billion
Estimated Year [2024]	USD 15.94 billion
Forecast Year [2030]	USD 33.72 billion
CAGR (%)	13.25%

Raw Material: Proliferating demand for cellulose-based bioplastics

Aliphatic polyesters are biodegradable and biocompatible polymers derived from renewable resources, including corn or sugarcane, and include polylactic acid (PLA) and polyhydroxyalkanoates (PHA). These materials have gained popularity in various industries, including packaging, agriculture, textiles, and medical applications, due to their enhanced mechanical properties and eco-friendly nature. PLA is widely used for single-use disposable items such as food containers, whereas PHA is utilized in the production of biodegradable films. Cellulose-based bioplastics are derived from plant-derived cellulose fibers, which offer high tensile strength and good barrier properties against oxygen and water vapor and include cellulose acetate (CA), cellulose acetate butyrate (CAB), and cellophane films. These materials are preferred in applications where transparency or flexibility is important, such as eyewear frames or flexible packaging solutions for food products. Starch-based plastics are manufactured by blending native starch with other biopolymers to improve their mechanical properties. These materials show excellent film-forming capabilities, making them suitable for uses such as shopping bags or agricultural mulch films that require a short service life before becoming compostable. Sugarcane-based bioplastics, primarily polyethylene (PE) derived from bioethanol, are produced using sugarcane as a feedstock. It exhibits similar properties to conventional PE and is used in applications such as consumer goods packaging, automotive components, and construction materials. Aliphatic polyesters have versatile applications and inherent biodegradability. PLA has enhanced compatibility with various processing techniques and widespread market acceptance. Cellulose-based bioplastics are popular for their transparency and flexibility, while starch-based materials are used in short-service life applications. Sugarcane-derived Bio-PE offers a more sustainable alternative to traditional petrochemical plastics without compromising performance or application scope.

Degradability: Significant penetration of compostable bioplastics

Biodegradable bioplastics are designed to break down naturally into water, carbon dioxide, and biomass under the action of microorganisms. These materials are ideal for applications where disposal in natural environments is required or preferred. Some common biodegradable bioplastics include Polyhydroxyalkanoates (PHA), Polylactic Acid (PLA), and Polybutylene Succinate (PBS). Compostable bioplastics are a subcategory of biodegradable plastics that decompose entirely under specific composting conditions within a set time frame, leaving no toxic residues behind. These materials meet strict standards and can be industrially composted. Compostable bioplastics are well-suited for food service items, such as cutlery, plates, and cups, as well as compostable bags used for collecting organic waste. Degradable plastics break down through physical or chemical processes; however, they may not necessarily be derived from renewable resources or decompose into environmentally safe byproducts. Oxodegradable plastics and photodegradable plastics are often petroleum-based and treated with additives that enable fragmentation under specific conditions, such as exposure to heat, light, or oxygen. Biodegradable and compostable bioplastics offer more environmentally friendly options than degradable plastics, as they decompose into harmless byproducts and do not contribute to microplastic pollution.

Processing Method: Growing popularity of injection molding in bioplastic manufacturing

Extrusion is a continuous process where raw bioplastic materials, in the form of pellets or powder, are melted and forced through a shaping die to produce films, sheets, tubes, profiles, and fibers. This method is preferred when manufacturing packaging materials, construction components, automotive parts, and textiles. Extrusion is ideal for large-scale production with relatively low tooling costs. It allows for flexible designs with unique cross-sectional shapes and permits continuous production without size limitations. Injection molding involves injecting molten bioplastic material under high pressure into a mold cavity shaped as the desired end product. It's commonly used for producing automotive components, household appliances, consumer electronics enclosures, toys, medical devices, and disposable cutlery. Injection molding offers precise control over design details with high surface finish quality and dimensional accuracy. Extrusion caters to simpler geometries and larger continuous applications, while injection molding provides higher precision and flexibility for intricate designs.

End-User: Expanding applications of bioplastics in healthcare

The agriculture sector has a growing need for bioplastics due to environmental and economic concerns, including reducing plastic waste and raising the sustainability of agricultural practices. Biodegradable mulch films, seed coatings, twine, and stakes are bioplastic applications in agriculture. Automakers increasingly prefer bioplastics as they aim to reduce vehicle weight, decrease carbon emissions, and promote sustainability. Biopolymers such as PLA or bio-based polyamides find applications in interior parts such as seat cushions and dashboard components. Consumer goods manufacturers adopt bioplastics for sustainable packaging solutions across electronics, personal care products, and toy industries. Bioplastics are increasingly utilized in the healthcare sector for applications, including medical devices, implants, and disposable products. The preference stems from their biocompatibility and reduced carbon footprint. The packaging industry is the largest consumer of bioplastics due to consumer demand and regulatory pressure for sustainable alternatives to traditional plastics. Key applications include food packaging, beverage bottles, shopping bags, and biodegradable films. Bioplastics play a significant role in the textile industry due to their biodegradability and reduced environmental impact compared to synthetic fibers such as polyester or nylon. Applications range from clothing fibers, including polylactic acid (PLA), and footwear components.

Regional Insights

The bioplastic market is evolving in the Americas with a strong focus on sustainability and reducing plastic pollution and investments in research and development (R&D) for innovative bioplastic solutions. The Europe, Middle East, and Africa region exhibits a varied landscape for bioplastics development owing to the efforts towards a circular economy by implementing policies and introducing legislation encouraging innovation in bioplastics. Africa, though currently having a small share of the global bioplastics market, offers considerable growth potential due to increasing consumer awareness of environmental concerns and regional governments' policy initiatives against single-use plastics. The Asia Pacific region is witnessing rapid bioplastic advancements, primarily owing to the focus on reducing plastic waste, leading to growing demand for biodegradable materials. Besides, ongoing 3D printing of bioplastics and expanding applications in healthcare are anticipated to boost the demand for bioplastics worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Bioplastics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Bioplastics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Bioplastics Market, highlighting leading vendors and their innovative profiles. These include Arkema S.A., Avantium N.V, BASF SE, Bewi Group, Bio-on S.p.A., Biome Bioplastics Limited, Braskem SA, Carbios, Celanese Corporation, Clondalkin Group Holdings B.V., Danimer Scientific, Eastman Chemical Company, FKuR Kunststoff GmbH, GC International by PTT Global Chemical PLC, Good Natured Products Inc., Green Dot Bioplastics Inc., Ilkwang Polymer Co.,Ltd., Kuraray Co., Ltd., Mitsubishi Chemical Corporation, Natur-Tec by Northern Technologies International Corporation, NatureWorks LLC, Neste Oyj, Novamont SpA, Plantic Technologies Ltd., Roquette Freres, TianAn Biologic Materials Co., Ltd., Toray Industries Inc., TotalEnergies Corbion BV, and UrthPact, LLC.

Market Segmentation & Coverage

This research report categorizes the Bioplastics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Raw Material
- Aliphatic Polyesters
- Cellulose-Based
- Starch-Based
- Sugarcane-Based

Degradability
- Biodegradable
- Compostable
- Degradable

Processing Method
- Extrusion
- Injection Molding

End-User
- Agriculture
- Automotive
- Consumer Goods
- Healthcare
- Packaging
- Textile

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Bioplastics Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Bioplastics Market?

3. What are the technology trends and regulatory frameworks in the Bioplastics Market?

4. What is the market share of the leading vendors in the Bioplastics Market?

5. Which modes and strategic moves are suitable for entering the Bioplastics Market?

Product Code: MRR-434CCDA0462A

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising environmental concerns and need for bio-based packaging solutions
  - 5.1.1.2. Growing government regulations and policies to encourage use of bioplastics
  - 5.1.1.3. Increasing use of bioplastics in the agriculture and textile industry
- 5.1.2. Restraints
  - 5.1.2.1. High cost and performance limitations of bioplastics & biopolymers
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing R&D to improve performance of bioplastics coupled with utilization of 3D printing technology
  - 5.1.3.2. Increasing application areas of bioplastics in healthcare
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with segregation and processing of bioplastics
5.2. Market Segmentation Analysis
- 5.2.1. Raw Material: Proliferating demand for cellulose-based bioplastics
- 5.2.2. Degradability: Significant penetration of compostable bioplastics
- 5.2.3. Processing Method: Growing popularity of injection molding in bioplastic manufacturing
- 5.2.4. End-User: Expanding applications of bioplastics in healthcare
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Bioplastics Market, by Raw Material

6.1. Introduction
6.2. Aliphatic Polyesters
6.3. Cellulose-Based
6.4. Starch-Based
6.5. Sugarcane-Based

7. Bioplastics Market, by Degradability

7.1. Introduction
7.2. Biodegradable
7.3. Compostable
7.4. Degradable

8. Bioplastics Market, by Processing Method

8.1. Introduction
8.2. Extrusion
8.3. Injection Molding

9. Bioplastics Market, by End-User

9.1. Introduction
9.2. Agriculture
9.3. Automotive
9.4. Consumer Goods
9.5. Healthcare
9.6. Packaging
9.7. Textile

10. Americas Bioplastics Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Bioplastics Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Bioplastics Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Sulzer Signs Agreement with Jindan New Biomaterials in China for Production of Biobased Plastic
- 13.3.2. Amazon Invests in Female-Led Bioplastics Company
- 13.3.3. CBD Global Sciences to Acquire Pure BioPlastics
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio