Bioplastics for Agribusiness Market by Type (Aliphatic Polyesters, Cellulose-Based Bioplastics, Organic Polyethylene: Poly), End-of-Life (Biodegradable, Compostable, Degradable), Application - Global Forecast 2024-2030

Bioplastics for Agribusiness Market by Type (Aliphatic Polyesters, Cellulose-Based Bioplastics, Organic Polyethylene: Poly), End-of-Life (Biodegradable, Compostable, Degradable), Application - Global Forecast 2024-2030

The Bioplastics for Agribusiness Market size was estimated at USD 2.48 billion in 2023 and expected to reach USD 2.86 billion in 2024, at a CAGR 15.70% to reach USD 6.88 billion by 2030.

The bioplastics in agribusiness include the use of bioplastics in products such as biodegradable mulch films, planting containers, greenhouse materials, and controlled-release fertilizers. The bioplastics in agribusiness market encompasses the development, production, and sale of biodegradable and bio-based polymers used in various agricultural applications.

Environmental regulations and Increasing government policies against plastic waste significantly drive the bioplastics market in agribusiness. Technological advancement and innovations in bioplastic materials enable more efficient and cost-effective production, contributing to market growth. The rising need for high-efficiency materials to enhance crop yield and simplify farming practices is influencing market growth. However, bioplastics may perform inconsistently in different environmental conditions, affecting their reliability and adoption in the market. Bioplastics often have higher costs than conventional plastics, challenging market penetration. Moreover, developing new and improved bioplastic formulations that offer enhanced durability and versatility has created significant potential for market growth. Growing focus on sustainable agricultural practices is also generating growth potential in the market space.

Regional Insights

In the Americas region, the United States and Canada witness growing awareness of environmental issues, leading to a more significant demand for sustainable products, including bioplastics in agriculture for uses such as biodegradable mulch films in the region. The expansion of research & development in bioplastics and support from regional governments through grants and funding is boosting sustainable agriculture technology. In European countries, regional policies such as the Single-Use Plastics Directive and green procurement incentives drive innovation in bioplastics. The customer purchasing behavior across EU countries shows a strong preference for sustainability, buoyed by both consumer sentiment and regulatory mandates. In the Middle East countries, the interest in bioplastics is mainly driven to diversify economies and reduce plastic waste. Investments in research institutions and collaborations with international companies are slaying the groundwork for a bioplastics market in the APAC region. The Asia Pacific region, notably China, Japan, and India, presents a rapidly developing market for bioplastics in agribusiness. APAC countries have a significant agricultural footprint, driving concerted effort to address plastic waste in agriculture through bioplastics.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Bioplastics for Agribusiness 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
    • Increasing Need to Alleviate Carbon Footprint
    • Potential Demand Owing to the Properties of Bioplastics to Enhance Soil and Product Quality
    • Market Restraints
      • High Cost in Acquisition than Conventional Oil-Based Plastics
      • Market Opportunities
        • Ongoing Research and Development (R&D) Activities to Develop Novel Alternatives
        • Expansion of Organizations to Increase Production Capacities for Bioplastics
        • Market Challenges
          • Sustainability Issues Associated with the Unseen Damage of the Food Resources
          • Market Segmentation Analysis
            • Type: Penetration of using cellulose-based and starch-based bioplastics owing to their cost-effectiveness and speedy compostability
            • End-of-Life: Gaining traction of biodegradable bioplastics in agriculture due to their ability to decompose into natural substances, thereby minimizing waste management needs
            • Application: Extensive use of bioplastics in mulch and greenhouses to withstand proper mechanical properties for improving crop yields
            • 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 for Agribusiness 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 for Agribusiness 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
            • Scientist using lactose to develop bioplastics
              
              The ARS National Center for Agricultural Utilization Research in Peoria, Illinois, harnesses agricultural byproducts to create environmentally friendly bioplastics. Pioneering work utilizes lactose, a dairy waste substance, as a primary feedstock, transforming it into diverse bioplastic polymers such as polyurethane through cutting-edge microwave technology, allowing for efficient production.
              
              Sulzer launches new biodegradable polymer for bioplastics
              
              Sulzer, a leading Swiss technology firm, is broadening its influence in the bioplastics sector with the introduction of CAPSUL, a cutting-edge, continuous process technology engineered to enhance the production of polycaprolactone (PCL). This biodegradable polyester, which sees extensive usage across packaging, textiles, and agricultural applications, benefits from Sulzer's integrated solution, manifesting in a seamless chain of purification and polymerization for premium PCL-grade manufacture.
              
              Uganda scientists invent bioplastics for wrapping nursery seedlings from farm wastes
              
              Ugandan agricultural scientists have pioneered a game-changing eco-friendly solution by creating biodegradable plastic wraps from agricultural waste for nursery seedlings. This invention, showcased by researchers from the National Agricultural Crop Resources Research Institute in Wakiso District, is poised to tackle environmental issues stemming from the prevalent use of non-biodegradable plastic in seedling nurseries.
            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 for Agribusiness 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 for Agribusiness Market, highlighting leading vendors and their innovative profiles. These include BASF SE, Bio-On SpA, Biome Bioplastics Limited., Carbios, Danimer Scientific, Eastman Chemical Company, FKuR Kunststoff GmbH, Futamura Group., GC International by PTT Global Chemical PLC, Good Natured Products Inc., Green Dot Bioplastics, Inc., Kuraray Co., Ltd., Mitsubishi Chemical Group Corporation, Natur-Tec by Northern Technologies International Corporation, NatureWorks LLC by Cargill, Incorporated, Novamont S.p.A. by Versalis SpA, Polymateria Ltd., Roquette Frères, TIPA Corp Ltd., TotalEnergies Corbion bv, and UrthPact, LLC.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Bioplastics for Agribusiness Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Type
              • Aliphatic Polyesters
                • Polybutylene Adipate Terephthalate (PBAT)
                • Polybutylene Succinate (PBS)
                • Polyhydroxyalkanoates (PHA)
                • Polylactic Acid (PLA)
                • Cellulose-Based Bioplastics
                • Organic Polyethylene: Poly
                • Protein-Based Bioplastics
                • Starch-Based Bioplastics
                • End-of-Life
                  • Biodegradable
                  • Compostable
                  • Degradable
                  • Application
                    • Greenhouses
                    • Irrigation
                    • Mulch
                    • Packaging
                    • Silage Storage
                    • Tunnels
                    • 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
                              
                              
                              Please Note: PDF & Excel + Online Access - 1 Year