Bioplastics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Bioplastics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Addressing the escalating environmental impact of plastics and the need for sustainable waste management worldwide, bioplastics continue to emerge as a viable alternative. With the world generating over 200 million tons of plastic waste annually, of which less than 10% is recycled, there is a critical demand for effective sustainable alternatives to conventional plastics. Fairfield Market Research's upcoming study aims to provide valuable insights into the global bioplastics market from 2021 to 2025.
Introduction of New Biopolymer Varieties to Drive Bioplastic Sales
Although bioplastics currently account for just over 1% of global plastics production, the market is experiencing progressive growth. Production volumes have doubled over the past decade, and demand is rising due to the increasing sophistication of bioplastics and the introduction of new variants in biopolymer categories. Biopolymer varieties such as bio-based polypropylene (PP), polylactic acid (PLA), and polyhydroxyalkanoates (PHAs) are experiencing high demand. With the introduction of new products and exploration of new application areas, the bioplastics market is poised for further growth in the near future.
Automotive and Packaging Industries Drive Bioplastics Consumption
The automotive industry, driven by the rise of e-mobility, is undergoing material innovation. Bioplastics are increasingly preferred for various automotive components, driven by the demand for lightweight and energy-efficient automobiles. In addition to interior applications, automakers are utilizing bioplastics for under-the-hood and exterior applications to reduce reliance on volatile energy markets.
The packaging industry is a major consumer of bioplastics, particularly as it transitions from a linear to a circular economy. New bioplastic variants, such as polyethylene furanoate (PEF), are expected to enter the market with superior thermal and barrier attributes. Furthermore, the expanding application base in areas such as wound management, drug delivery, tissue engineering, and orthopedic devices is driving demand for bioplastics in the global market. The medical industry is increasingly considering bioplastics as an ideal material for numerous applications.
Asia Pacific Leads Global Bioplastics Production
Europe is expected to be at the forefront of bioplastics consumption, as the region pioneers the path to a sustainable and circular bio-economy. North America will also be a significant market for bioplastics manufacturers. In Asia Pacific, the expansion of the flexible packaging sector particularly benefits bioplastics companies. Production-wise, Asia Pacific contributes nearly 50% to the global bioplastics market.
Competition Landscape in the Global Bioplastics Market
Leading players driving competition in the global bioplastics market include Eastman Chemical Company, Dow Inc., Novamont S.p.A., BASF SE, Plantic, Corbion N.V., Natureworks, Mitsubishi Chemical Holdings, Biome Technologies plc, and Danimer Scientific. Eastman Chemical Company recently introduced Trēva™, a cellulose-based bioplastic variant that has the potential to replace conventional engineering polymers. The surge in sales of single-use/disposable plastics during the COVID-19 pandemic poses a setback for bioplastics and biodegradable plastics manufacturers, as well as ongoing waste management initiatives.
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1. Executive Summary
1.1. Global Bioplastics Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-covid and Post-covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Share of rPET in Parent Market
2.9. Raw Material Analysis
2.10. Economic Analysis
3. Production Output and Trade Statistics, 2019 – 2022
3.1. Bioplastics Supply-Demand Analysis
3.2. Regional Production Statistics
3.2.1. North America
3.2.2. Europe
3.2.3. Asia Pacific
3.2.4. Latin America
3.2.5. Middle East & Africa
4. Price Trends Analysis and Future Projects, 2019 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Product and By End-users
4.4. By Region
5. Global Bioplastics Market Outlook, 2019 - 2030
5.1. Global Bioplastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.1.1. Key Highlights
5.1.1.1. Non-biodegradable
5.1.1.1.1. PE
5.1.1.1.2. PET
5.1.1.1.3. PA
5.1.1.1.4. PTT
5.1.1.1.5. Misc. (PP, etc.)
5.1.1.2. Biodegradable
5.1.1.2.1. PBAT
5.1.1.2.2. PLA
5.1.1.2.3. PBS
5.1.1.2.4. Starch Blends
5.1.1.2.5. PHA
5.1.1.2.6. Misc. (Cellulose Films, etc.)
5.2. Global Bioplastics Market Outlook, by End-users, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.2.1. Key Highlights
5.2.1.1. Packaging
5.2.1.1.1. Rigid
5.2.1.1.2. Flexible
5.2.1.2. Consumer Goods
5.2.1.3. Textiles
5.2.1.4. Agriculture
5.2.1.5. Automotive
5.2.1.6. Automotive
5.2.1.7. Electrical & Electronics
5.2.1.8. Building & Construction
5.2.1.9. Misc. (Medical, etc.)
5.3. Global Bioplastics Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030