Bioplastics & Biopolymers Market by Type, Application

Description

List of Tables

[187 Pages Report] The Bioplastics & Biopolymers Market size was estimated at USD 13.40 billion in 2023 and expected to reach USD 15.05 billion in 2024, at a CAGR 12.71% to reach USD 31.00 billion by 2030.

Bioplastics and biopolymers are a type of plastic and polymer, respectively, that are derived from renewable biological sources such as corn starch, sugarcane, or cellulose. Unlike traditional plastics and polymers made from petroleum-based materials, bioplastics and biopolymers are designed to lessen reliance on fossil fuels, thus lowering the environmental impact of plastic production and disposal. These materials can be either biodegradable or bio-based, meaning they are made from biological substances but may not necessarily degrade biologically. Overall, bioplastics and biopolymers represent a more sustainable approach to the production and use of materials traditionally made from petroleum. The utilization of bioplastics and biopolymers spans several industries, such as packaging, automotive, and textile, among others, enhancing environmental sustainability. Raising awareness of the environmental influence of traditional plastics, notably issues such as pollution and landfill waste has driven interest in bioplastics and biopolymers globally. However, some bioplastics may not offer the same performance level as traditional plastics, particularly in terms of durability and stability under different conditions, thus hindering the demand in the market. Moreover, the development of improved technologies in bioplastic production enhances their properties to make them more appealing for various applications, ranging from packaging to automotive parts, increasing the demand globally.

KEY MARKET STATISTICS
Base Year [2023]	USD 13.40 billion
Estimated Year [2024]	USD 15.05 billion
Forecast Year [2030]	USD 31.00 billion
CAGR (%)	12.71%

Regional Insights

The Americas, particularly the United States, show a progressively growing demand for bioplastics with a growing awareness of environmental issues and a growing push toward sustainable materials by both consumers and government bodies. Stricter waste management and sustainability norms are compelling companies to seek eco-friendly alternatives such as bioplastics within regions. There is a noticeable shift towards sustainable packaging solutions driven by consumer awareness regarding plastic pollution. Innovations in biopolymeric material sciences are expanding the application range, especially in industries like packaging, automotive, and agriculture. The APAC region is experiencing rapid growth in bioplastics demand, with countries like China, Japan, and India focusing on policies supporting bioplastics usage and supporting the use of traditional plastics have seen a rise, notably in China and India. The growth in end-user industries such as packaging, automotive, and textiles in Asia is pushing the demand for bioplastics. EMEA shows a strong inclination toward bioplastics, primarily led by increased use of biodegradable and bio-based products with bans and limitations on single-use plastics. There is a high level of environmental awareness amongst European consumers, who are willing to pay a premium for sustainable products. Significant investments in research and development by European firms help in developing new and improved bioplastics that match the performance of conventional plastics. Bioplastics and biopolymers in Africa and the Middle East are driven by growing awareness and acceptance, due to sustainability trends and government support.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Bioplastics & Biopolymers Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Growing awareness regarding the adverse effects of conventional plastic
- Stringent government regulations regarding use of conventional plastic and encouraging the use of biodegradable alternative
- Expanding applications among diverse industries

Market Restraints
- Performance issues regarding bioplastics & biopolymers

Market Opportunities
- Rising research and development activities for production of bioplastics
- Ongoing technological innovation for bioplastics & biopolymers productions

Market Challenges
- Concerns regarding availability of raw materials

Market Segmentation Analysis
- Type:Increasing demand for biodegradable bioplastics and biopolymers
- Applications: Extensive utilization of bioplastics and biopolymer based packaging

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Bioplastics & Biopolymers Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Bioplastics & Biopolymers Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

BASF Introduces Compostable Biopolymer for Sustainable Agriculture

BASF unveiled a new environmentally friendly solution for agriculture with the launch of its industrial compostable biopolymer, designed specifically for greenhouse twine applications. This launch aligns with global efforts to promote eco-friendly farming materials and addresses waste management issues in the agricultural sector, marking a significant step towards reducing the environmental footprint of farming operations. [Published On: 2024-05-09]

Sulzer Introduces Innovative Biodegradable Polymer to Enhance Bioplastics Market

Sulzer unveiled a pioneering biodegradable polymer designed specifically for bioplastics applications. This new product aims to address the growing demand for sustainable materials in various industries, including packaging, agricultural, and automotive sectors. Sulzer's commitment to environmental sustainability is reflected in its continued development of eco-friendly materials that meet both consumer needs and regulatory standards for biodegradability. [Published On: 2023-12-14]

Braskem Boosts Biopolymer Production with $87 Million Investment

Brazilian chemical company Braskem announced a significant expansion of its biopolymer production through an investment of USD 87 million. This strategic investment emphasizes Braskem's commitment to sustainability and its leadership in producing bio-based plastics. This expansion aligns with global environmental goals and positions Braskem to meet the growing demand for eco-friendly plastic solutions. [Published On: 2023-07-24]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Bioplastics & Biopolymers Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Bioplastics & Biopolymers Market, highlighting leading vendors and their innovative profiles. These include Arkema Group, BASF SE, Biome Bioplastics Limited by Biome Technologies plc, Braskem S.A. by, Corbion NV, Danimer Scientific by Meredian Holdings Group Inc., Eastman Chemical Company, EKATO HOLDING GmbH, FKuR Kunststoff GmbH., Futerro SA., India Glycols Ltd., Kuraray Holdings U.S.A., Inc., Matrica S.p.A., Mitsubishi Chemical Group Corporation, NatureWorks LLC., Novamont S.p.A. by Versalis S.p.A., Rodenburg Biopolymers BV, Solvay SA, Sulzer Ltd, TORAY INDUSTRIES, INC., and Yield10 Bioscience, Inc..

Market Segmentation & Coverage

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

Type
- Biodegradable Bioplastics
  - Polybutylene Adipate Terephthalate
  - Polybutylene Succinate
  - Polycaprolactone
  - Polyhydroxyalkanoates
  - Polylactic Acid
  - Starch-based Blends

Non-Biodegradable Bioplastics
- Bio-Based Polyamides
- Bio-Based Polyethylene
- Bio-Based Polyethylene Terephthalate

Application
- Agriculture
- Automotive
- Consumer Goods
- Packaging
- Textiles

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

Product Code: MRR-4D00F1312C6B

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. Growing awareness regarding the adverse effects of conventional plastic
  - 5.1.1.2. Stringent government regulations regarding use of conventional plastic and encouraging the use of biodegradable alternative
  - 5.1.1.3. Expanding applications among diverse industries
- 5.1.2. Restraints
  - 5.1.2.1. Performance issues regarding bioplastics & biopolymers
- 5.1.3. Opportunities
  - 5.1.3.1. Rising research and development activities for production of bioplastics
  - 5.1.3.2. Ongoing technological innovation for bioplastics & biopolymers productions
- 5.1.4. Challenges
  - 5.1.4.1. Concerns regarding availability of raw materials
5.2. Market Segmentation Analysis
- 5.2.1. Type:Increasing demand for biodegradable bioplastics and biopolymers
- 5.2.2. Applications: Extensive utilization of bioplastics and biopolymer based packaging
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 & Biopolymers Market, by Type

6.1. Introduction
6.2. Biodegradable Bioplastics
6.3. Non-Biodegradable Bioplastics

7. Bioplastics & Biopolymers Market, by Application

7.1. Introduction
7.2. Agriculture
7.3. Automotive
7.4. Consumer Goods
7.5. Packaging
7.6. Textiles

8. Americas Bioplastics & Biopolymers Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Bioplastics & Biopolymers Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Bioplastics & Biopolymers Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. BASF Introduces Compostable Biopolymer for Sustainable Agriculture
- 11.3.2. Sulzer Introduces Innovative Biodegradable Polymer to Enhance Bioplastics Market
- 11.3.3. Braskem Boosts Biopolymer Production with $87 Million Investment
11.4. Strategy Analysis & Recommendation

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio