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Bioplastics Market Size to Worth Around USD 35.6 Bn by 2030

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The worldwide Bioplastics market measurement is anticipated to achieve USD 35.6 billion by 2030 and is anticipated to increase at a CAGR of 19.1% from 2021 to 2030.

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Growth Factors

 Increasing environmental concerns, favorable government initiatives, and rising consumer awareness about the sustainable and eco-friendly products are expected to drive the demand for bioplastics.

They are majorly utilized as an environmentally friendly alternative to conventionally produced plastics for use in various application segments including packaging, agriculture, consumer goods, textile, automotive & transportation, and building & construction. Thus, environmentally friendly properties of these products along with growing demand from flexible packaging applications are also estimated to drive the market growth.

Report Coverage

Report Scope Details
Market Size USD 35.6 billion by 2030
Growth Rate CAGR of 19.1% From 2021 to 2030
Base Year 2021
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Teijin Ltd.; Toray Industries; Toyota Tsusho; M& G Chemicals; PTT Global Chemical Public Company Ltd.; Showa Denko K.K.; NatureWorks LLC; SABIC; BASF SE; Futerro SA; E. I. du Pont de Nemours and Company; Braskem; Corbion N.V.; Galactic; Solvay SA

Report Highlights

Non-biodegradable plastics segment held the market with a share of 48.8% in 2020 and is expected to maintain a healthy growth rate over the forecast period. This growth is attributed to the high demand for electronic equipment, automotive housings, and consumer goods, such as carry bags, cups, films, and bottles.

Biodegradable segment is estimated to register the greatest CAGR from 2021 to 2030. These bioplastics are categorized as Polylactic Acid, Starch Blends, polybutyrate adipate terephthalate (PBAT), and Polybutylene succinate (PBS).

The packaging application held the market with a revenue share of 62.3% in 2020. Increasing utilization of bioplastics to produce bags for compost, agricultural foils, horticultural products, nursery products, toys, and textiles is the key factor responsible for the segment growth.

Bioplastics are also used to produce semiconductor casings, electronic device covers, connectors, and circuit boards. With the help of injection molding, bioplastics can be used to produce touch screen computer casings, headphones, loudspeakers, keyboards, laptops, games consoles, mobile phone casings, etc. The growing demand for electrical & electronic products along with rising environmental concerns is expected to drive the demand in the consumer goods application segment.

Europe led the global market with a revenue share of 45.0%. This is attributed to the factors, such as the presence of stringent governmental laws pertaining to single-use plastics, increasing environmental concerns, and rising R&D investments by private as well as public organizations.

North America is also estimated to witness significant growth over the forecast period. The market is majorly driven by the growing demand from the packaging industry in countries, such as U.S., Canada, and Mexico. Rising environmental concerns and a global attempt to reduce pollution is propelling the demand for in the packaging sector across the region.

Key Players

  • Teijin Ltd.
  • Toray Industries
  • Toyota Tsusho
  • M& G Chemicals
  • PTT Global Chemical Public Company Ltd.
  • Showa Denko K.K.
  • NatureWorks LLC
  • SABIC
  • BASF SE
  • Futerro SA
  • E. I. du Pont de Nemours and Company
  • Braskem
  • Corbion N.V.
  • Galactic
  • Solvay SA

Market Segmentation

  • Product
    • Biodegradable
      • Polylactic Acid
      • Starch blends
      • Polybutylene Adipate Terephthalate (PBAT)
      • Polybutylene Succinate (PBS)
      • Others
    • Non-biodegradable
      • Polyethylene
      • Polyethylene Terephthalate
      • Polyamide
      • Polytrimethylene Terephthalate
      • Others
  • Application
    • Packaging
    • Agriculture
    • Consumer goods
    • Textile
    • Automotive & Transportation
    • Building & Construction
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Bioplastics Market, By Product

7.1.  Bioplastics Market, by Product, 2021-2030

7.1.1.    Biodegradable

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Non-biodegradable

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Bioplastics Market, By Application

8.1.  Bioplastics Market, by Application, 2021-2030

8.1.1.    Packaging

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Agriculture

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Consumer goods

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Textile

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Automotive & Transportation

8.1.5.1.        Market Revenue and Forecast (2017-2030)

8.1.6.    Building & Construction

8.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Bioplastics Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Teijin Ltd.

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial PerApplicationance

10.1.4.  Recent Initiatives

10.2.              Toray Industries

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial PerApplicationance

10.2.4.  Recent Initiatives

10.3.              Toyota Tsusho

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial PerApplicationance

10.3.4.  Recent Initiatives

10.4.              M& G Chemicals

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial PerApplicationance

10.4.4.  Recent Initiatives

10.5.              PTT Global Chemical Public Company Ltd.

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial PerApplicationance

10.5.4.  Recent Initiatives

10.6.              Showa Denko K.K.

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial PerApplicationance

10.6.4.  Recent Initiatives

10.7.              NatureWorks LLC

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial PerApplicationance

10.7.4.  Recent Initiatives

10.8.              SABIC

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial PerApplicationance

10.8.4.  Recent Initiatives

10.9.              BASF SE

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial PerApplicationance

10.9.4.  Recent Initiatives

10.10.           Futerro SA

10.10.1.               Company Overview

10.10.2.               Product Offerings

10.10.3.               Financial PerApplicationance

10.10.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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