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Global Bioplastics Market: By Type: Biodegradable, Non-Biodegradable; By Application: Rigid Packaging, Flexible Packaging, Textiles, Automotive and Transportation, Agriculture and Horticulture, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Bioplastics Market Outlook

The global bioplastics market reached a value of about USD 8.6 billion in 2021. The market is further estimated to grow at a CAGR of 14.30% in the forecast period of 2022-2027 to reach a value of around USD 19.18 billion by 2027.

 

Increasing Demand for Bioplastics in the Automotive Sector to Propel the Market Growth of Bioplastics

Based on application, the automotive and transportation segment is driving the market growth of bioplastics. The increasing production and sales of automobiles due to the rising middle-class income are resulting in the growing use of bioplastics in the manufacture of vehicles, thereby propelling the market expansion of bioplastics. The wide adoption of bioplastics like bio-polyamides, polybutylene succinate over metals and fossil-based plastics in automotive manufacturing owing to its exceptional characteristics such as sustainability, lower carbon footprint, reduced dependency on fossil resources, and lightweight are significantly catalysing the market development of bioplastics. The rising inclination of customers toward environment friendly vehicles is also resulting in the steady growth of the market for bioplastics. The research done by leading automobile manufacturers such as Ford and Toyota in using bioplastics for a bright future in the vehicle manufacturing sector is likely to aid the market for bioplastics over the forecast period.

 

Market Segmentation

Bioplastics are diverse groups of environmentally friendly plastics that are produced from renewable biomass sources such as crops or plants. They are biodegradable within a short time range and serve as an alternative to petroleum-based plastics. There are different types of bioplastics such as starch-based, cellulose-based, aliphatic polyesters, organic polyethylene, and protein-based, etc.

The market for bioplastics, by type, is divided into:

  • Biodegradable 
    • Starch Blends 
    • Polylactic Acid (PLA) 
    • Polybutylene Adipate Terephthalate (PBAT) 
    • Polybutylene Succinate (PBS)
    • Polyhydroxyalkanoates (PHA)
    • Others
  • Non-Biodegradable
    • Bio-Polyethylene Terephthalate (Bio-PET)
    • Bio-Polyamide (Bio-PA) 
    • Bio-Polyethene (Bio-PE)
    • Bio-Polytrimethylene Terephthalate (Bio-PTT)
    • Others

Based on application, the market is segmented into:

  • Rigid Packaging
    • Bottles and Jars
    • Trays
    • Others
  • Flexible Packaging
    • Pouches
    • Shopping/ Waste Bags
    • Others
  • Textiles
  • Automotive and Transportation
  • Agriculture and Horticulture
  • Consumer Goods
  • Others

The regional markets for bioplastics can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Environmental Consciousness to Drive the Market Growth of Bioplastics

The growing use of bioplastics in various applications as an alternate to conventional plastics due to rising environmental consciousness and the emerging need to reduce the greenhouse gases and lower carbon footprint are providing impetus to the market development of bioplastics. The expanding e-commerce and the use of bioplastics in packaging of food contact materials to reduce the dependency on fossil fuels is invigorating the market of bioplastics. The emerging need to manage the increasing plastic waste worldwide and the growing awareness of bioplastics being a solution to plastic pollution is bolstering the market of bioplastics. The government initiatives towards circular economy by banning the single-use plastics and promoting the plastic waste management is further propelling the market. The investments made in research and development activities by the key players to expand the market and ensure that bioplastic fulfil the needs of the global market is expected to augment the market over the forecast period.

 

Key Players in the Global Bioplastics Market

The report gives a detailed analysis of the following key players in the global bioplastics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Novamont S.p.A.
  • Eastman Chemical Company 
  • Arkema
  • Corbion NV 
  • Mitsubishi Chemical Corporation 
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Biodegradable 
    • Starch Blends 
    • Polylactic Acid (PLA) 
    • Polybutylene Adipate Terephthalate (PBAT) 
    • Polybutylene Succinate (PBS)
    • Polyhydroxyalkanoates (PHA)
    • Others
  • Non-Biodegradable
    • Bio-Polyethylene Terephthalate (Bio-PET)
    • Bio-Polyamide (Bio-PA) 
    • Bio-Polyethene (Bio-PE)
    • Bio-Polytrimethylene Terephthalate (Bio-PTT)
    • Others
Breakup by Application
  • Rigid Packaging
    • Bottles and Jars
    • Trays
    • Others
  • Flexible Packaging
    • Pouches
    • Shopping/ Waste Bags
    • Others
  • Textiles
  • Automotive and Transportation
  • Agriculture and Horticulture
  • Consumer Goods
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Price Analysis
  • Historical Price Trends
  • Forecast Price Trends
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Novamont S.p.A.
  • Eastman Chemical Company 
  • Arkema
  • Corbion NV 
  • Mitsubishi Chemical Corporation 
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Bioplastics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Bioplastics Historical Market (2017-2021) 
    8.3    Global Bioplastics Market Forecast (2022-2027)
    8.4    Global Bioplastics Market by Type
        8.4.1    Biodegradable 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Starch Blends 
                8.4.1.4.2    Polylactic Acid (PLA) 
                8.4.1.4.3    Polybutylene Adipate Terephthalate (PBAT) 
                8.4.1.4.4    Polybutylene Succinate (PBS)
                8.4.1.4.5    Polyhydroxyalkanoates (PHA)
                8.4.1.4.6    Others
        8.4.2    Non-Biodegradable
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Bio-Polyethylene Terephthalate (Bio-PET)
                8.4.2.4.2    Bio-Polyamide (Bio-PA) 
                8.4.2.4.3    Bio-Polyethene (Bio-PE)
                8.4.2.4.4    Bio-Polytrimethylene Terephthalate (Bio-PTT)
                8.4.2.4.5    Others
    8.5    Global Bioplastics Market by Application
        8.5.1    Rigid Packaging
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
            8.5.1.4    Breakup by Type
                8.5.1.4.1    Bottles and Jars
                8.5.1.4.2    Trays
                8.5.1.4.3    Others
        8.5.2    Flexible Packaging
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
            8.5.2.4    Breakup by Type
                8.5.2.4.1    Pouches
                8.5.2.4.2    Shopping/ Waste Bags
                8.5.2.4.3    Others    
        8.5.3    Textiles
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Automotive and Transportation
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Agriculture and Horticulture
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Consumer Goods
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2017-2021)
            8.5.6.3    Forecast Trend (2022-2027)
        8.5.7    Others    
    8.6    Global Bioplastics Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021) 
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021) 
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021) 
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021) 
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021) 
            8.6.5.3    Forecast Trend (2022-2027)
9    North America Bioplastics Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2017-2021) 
        9.1.3    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2017-2021) 
        9.2.3    Forecast Trend (2022-2027)
10    Europe Bioplastics Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2017-2021) 
        10.1.3    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2017-2021) 
        10.2.3    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2017-2021) 
        10.3.3    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2017-2021) 
        10.4.3    Forecast Trend (2022-2027)
    10.5    Others
11    Asia Pacific Bioplastics Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2017-2021) 
        11.1.3    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2017-2021) 
        11.2.3    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2017-2021) 
        11.3.3    Forecast Trend (2022-2027)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2017-2021) 
        11.4.3    Forecast Trend (2022-2027)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2017-2021) 
        11.5.3    Forecast Trend (2022-2027)
    11.6    Others
12    Latin America Bioplastics Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2017-2021) 
        12.1.3    Forecast Trend (2022-2027)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2017-2021) 
        12.2.3    Forecast Trend (2022-2027)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2017-2021) 
        12.3.3    Forecast Trend (2022-2027)
    12.4    Others
13    Middle East and Africa Bioplastics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2017-2021) 
        13.1.3    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2017-2021) 
        13.2.3    Forecast Trend (2022-2027)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2017-2021) 
        13.3.3    Forecast Trend (2022-2027)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2017-2021) 
        13.4.3    Forecast Trend (2022-2027)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
17    Competitive Landscape

    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Novamont S.p.A.
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Eastman Chemical Company
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Arkema
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Corbion NV
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Mitsubishi Chemical Corporation
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Others
18    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Bioplastics Market: Key Industry Highlights, 2017 and 2027
2.    Global Bioplastics Historical Market: Breakup by Type (USD Million), 2017-2021
3.    Global Bioplastics Market Forecast: Breakup by Type (USD Million), 2022-2027
4.    Global Bioplastics Historical Market: Breakup by Application (USD Million), 2017-2021
5.    Global Bioplastics Market Forecast: Breakup by Application (USD Million), 2022-2027
6.    Global Bioplastics Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global Bioplastics Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America Bioplastics Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Bioplastics Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Bioplastics Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe Bioplastics Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific Bioplastics Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific Bioplastics Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Latin America Bioplastics Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America Bioplastics Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa Bioplastics Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa Bioplastics Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Global Bioplastics Market Structure

Key Questions Answered in the Report

In 2021, the global bioplastics market attained a value of nearly USD 8.6 billion.

The market is assessed to grow at a CAGR of 14.30% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach almost USD 19.18 billion by 2027.

The major market drivers include the expanding use of bioplastics in various sectors of the economy, increasing need to reduce fossil dependency, and growing concerns over plastic pollution.

The key market trends guiding the growth of the market include the rising environmental consciousness, government initiatives, and investments in research and development activities by market players to expand the market.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The major types of bioplastics include biodegradable and non-biodegradable.

The various applications of the market include rigid packaging, flexible packaging, textiles, automotive and transportation, agriculture and horticulture, and consumer goods, among others.

The major players in the market are Novamont S.p.A., Eastman Chemical Company, Arkema, Corbion NV, and Mitsubishi Chemical Corporation, among others.

Analyst Review

The global bioplastics market attained a value of nearly USD 8.6 billion in 2021, driven by the growing eco-consciousness to reduce greenhouse gases and fossil dependency. Aided by the government initiatives towards circular economy, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 14.30%. The market is estimated to reach about USD 19.18 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for bioplastics, by type, is divided into biodegradable and non-biodegradable. Based on application, the market is segmented into rigid packaging, flexible packaging, textiles, automotive and transportation, agriculture and horticulture, and consumer goods, among others. The major regional markets for bioplastics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Novamont S.p.A., Eastman Chemical Company, Arkema, Corbion NV, and Mitsubishi Chemical Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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