Bioplastics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Bioplastics Market
The Bioplastics market size was valued at USD 7.56 billion in 2023, and the market is now projected to grow from USD 8.72 billion in 2024 to USD 31.66 billion by 2032, exhibiting a CAGR of 20.2% during the forecast period of 2024-2032.
The COVID-19 widespread affected the worldwide supply chain by adversely influencing generation and transportation, driving to a decrease within the costs of ordinary plastics. The utilization of rough oil for fuel was the least since World War II, which lowered the costs of ordinary plastics. This was the essential reason for the moderate development of the market. Moreover, laws on single-use plastics and green ventures reported by numerous governments and organizations were delayed due to the widespread, diminishing the uptake of bio-based alternatives.
A decrease in fuel utilization and emanations by lessening the vehicle weight is the most objective conjointly a challenge for the automotive industry. Bioplastics have demonstrated to be appropriate materials to realize this objective. The key vehicle producers have received keen plastics, such as bio-PA and bio-PP, to reduce the natural affect and give extra strength to the vehicle components. Concurring to the European Affiliation, the specialized application of these plastics within the automotive industry is one of the upcoming applications, subsequently expanding their volume of generation to around 170 KT by 2024. Hence, the high request for bioplastics within the car industry owing to their predominant properties is anticipated to make development prospects for the companies within the market.
Biodegradable plastics have found applications in multiple businesses, but the most recognizable application of such plastics is observed within the bundling industry as they depict comparative properties to those of their customary partners. They are utilized in both inflexible and flexible bundling. With an increment in e-commerce activities all inclusive, a sizable sum of packaging material is anticipated to be utilized within the future. As bio-based plastics can effectively supplant ordinary plastics, their utilization can be an amazing elective to reducing plastic pollution.
Comprehensive Analysis Of Bioplastics Market
The market is fragmented into biodegradable and non-biodegradable, based on sort. The biodegradable portion accounts for the biggest market share due to the high demand for this item from packaging, textiles, horticulture & cultivation, and shopper products industries. Based on application, the advertise is fragmented into flexible packaging, textiles, automotive & transportation, rigid packaging, agriculture & horticulture, consumer goods, and others. The rigid packaging segment is anticipated to stay dominant. In rigid packaging applications, bio- based plastics have found major footing as shipping companies are looking for economical however durable bundling items.
The market measure in Europe stood at USD 3.68 billion in 2022. Europe could be a pivotal center because it is the driving region in research & development and consumption of this item. Right now, Europe holds around 25% of the whole bioplastic generation as per information by European Bioplastics.
The finest players inside the showcase play a essential portion in ensuring mechanical diagram advancement and setting advertise benchmarks. LIST OF KEY COMPANIES PROFILED IN BIOPLASTICS Advertise: Matrìca S.p.A. (Italy), Toray Industries, Inc. (Japan), Novamont S.p.A. (Italy), PTT MCC Biochem Co., Ltd. (Thailand), Biofase (Mexico), TotalEnergies Corbion (Netherlands), Arkema S.A. (France), NatureWorks LLC (U.S.), Roquette Frères (France), Genecis (Canada), Trifilon (Sweden), Solvay S.A. (Belgium), Avantium (Netherlands), LyondellBasell Industries Holdings B.V. (Netherlands), BASF SE (Germany), BioApply (Switzerland), Braskem (Brazil), Kaneka Takasago (Japan), Danimer Scientific (U.S.), Taghleef Industries (U.A.E.), Advance Bio Material P. Ltd. (India).
In January 2023 the company Arkema reported to exhibit the bio-circular fabric amid the MIDO appear in Milan. The gather points to dispatch a few modern biobased and reused materials within the occasion. These materials incorporate One of a kind Pebax Rnew elastomer grades and Rilsan polyamide 11 grades utilized in inventive, unbreakable, and fashionable eyewear production with normal or mineral fillers.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 20.2% from 2023 to 2030
Unit Value (USD Billion) and Volume (Kiloton)
Segmentation By Type, Application, and Geography
By Type Biodegradable
- Starch Blends
- Polylactic Acid (PLA)
- Polybutylene Adipate Terephthalate (PBAT)
- Polybutylene Succinate (PBS)
- Polyhydroxyalkanoates (PHA)
- Other Biodegradable
Non-Biodegradable
- Bio-Polyethylene Terephthalate (Bio-PET)
- Bio-Polyamide (Bio-PA)
- Bio-Polyethene (Bio-PE)
- Bio-Polypropylene (Bio-PP)
- Bio-Polytrimethylene Terephthalate (Bio-PTT)
- Other Non-Biodegradable
By Application Rigid Packaging
- Bottles & Jars
- Trays
- Others
Flexible Packaging
- Pouches
- Shopping/Waste Bags
- Others
Textiles
Automotive & Transportation
Agriculture & Horticulture
Consumer Goods
Others
By Geography
North America (By Type, By Application, By Country)
-
- U.S. (By Type)
- Canada (By Type)
- Mexico (By Type)
Europe (By Type, By Application, By Country)
-
- Germany (By Type)
- France (By Type)
- U.K. (By Type)
- Italy (By Type)
- Spain (By Type)
- Rest of Europe (By Type)
Asia Pacific (By Type, By Application, By Country)
-
- China (By Type)
- India (By Type)
- Japan (By Type)
- South Korea (By Type)
- Rest of Asia Pacific (By Type)
Rest of the World (By Type, By Application, By Country)
-
- Brazil (By Type)
- Argentina (By Type)
- Others (By Type)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Insights on Impact of COVID-19 on Global Bioplastics Market
- 5.1. Supply Chain Analysis & Challenges
- 5.2. Steps taken by Government / Companies to Overcome this Impact
- 5.3. Potential Challenges and Opportunities due to COVID-19 Outbreak
- 6. Global Bioplastics Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Key Findings / Summary
- 6.2. By Type (Volume & Value)
- 6.2.1. Biodegradable
- 6.2.1.1. Starch Blends
- 6.2.1.2. Polylactic Acid (PLA)
- 6.2.1.3. Polybutylene Adipate Terephthalate (PBAT)
- 6.2.1.4. Polybutylene Succinate (PBS)
- 6.2.1.5. Polyhydroxyalkanoates (PHA)
- 6.2.1.6. Other Biodegradables
- 6.2.2. Non-Biodegradable
- 6.2.2.1. Bio-Polyetheylene Terephthalate (Bio-PET)
- 6.2.2.2. Bio-Polyamide (Bio-PA)
- 6.2.2.3. Bio-Polyethene (Bio-PE)
- 6.2.2.4. Bio-Polypropylene (Bio-PP)
- 6.2.2.5. Bio-Polytrimethylene Terephthalate (Bio-PTT)
- 6.2.2.6. Other Non-Biodegradables
- 6.3. By Application (Volume & Value)
- 6.3.1. Rigid Packaging
- 6.3.1.1. Bottles & Jars
- 6.3.1.2. Trays
- 6.3.1.3. Others
- 6.3.2. Flexible Packaging
- 6.3.2.1. Pouches
- 6.3.2.2. Shopping / Waste Bags
- 6.3.2.3. Others
- 6.3.3. Textiles
- 6.3.4. Automotive & Transportation
- 6.3.5. Agriculture & Horticulture
- 6.3.6. Consumer Goods
- 6.3.7. Others
- 6.4. By Region (Volume & Value)
- 6.4.1. North America
- 6.4.2. Europe
- 6.4.3. Asia Pacific
- 6.4.4. Rest of World
- 7. North America Bioplastics Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Key Findings / Summary
- 7.2. By Type (Volume & Value)
- 7.2.1. Biodegradable
- 7.2.2. Non-Biodegradable
- 7.3. By Application (Volume & Value)
- 7.3.1. Rigid Packaging
- 7.3.1.1. Bottles & Jars
- 7.3.1.2. Trays
- 7.3.1.3. Others
- 7.3.2. Flexible Packaging
- 7.3.2.1. Pouches
- 7.3.2.2. Shopping / Waste Bags
- 7.3.2.3. Others
- 7.3.3. Textiles
- 7.3.4. Automotive & Transportation
- 7.3.5. Agriculture & Horticulture
- 7.3.6. Consumer Goods
- 7.3.7. Others
- 7.4. By Country (Volume & Value)
- 7.4.1. U.S
- 7.4.1.1. By Type (Volume & Value)
- 7.4.1.1.1. Biodegradable
- 7.4.1.1.2. Non-Biodegradbale
- 7.4.2. Canada
- 7.4.2.1. By Type (Volume & Value)
- 7.4.2.1.1. Biodegradable
- 7.4.2.1.2. Non-Biodegradbale
- 7.4.3. Mexico
- 7.4.3.1. By Type (Volume & Value)
- 7.4.3.1.1. Biodegradable
- 7.4.3.1.2. Non-Biodegradbale
- 8. Europe Bioplastics Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Key Findings / Summary
- 8.2. By Type (Volume & Value)
- 8.2.1. Biodegradable
- 8.2.2. Non-Biodegradbale
- 8.3. By Application (Volume & Value)
- 8.3.1. Rigid Packaging
- 8.3.1.1. Bottles & Jars
- 8.3.1.2. Trays
- 8.3.1.3. Others
- 8.3.2. Flexible Packaging
- 8.3.2.1. Pouches
- 8.3.2.2. Shopping / Waste Bags
- 8.3.2.3. Others
- 8.3.3. Textiles
- 8.3.4. Automotive & Transportation
- 8.3.5. Agriculture & Horticulture
- 8.3.6. Consumer Goods
- 8.3.7. Others
- 8.4. By Country (Voume & Value)
- 8.4.1. Germany
- 8.4.1.1. By Type (Volume & Value)
- 8.4.1.1.1. Biodegradable
- 8.4.1.1.2. Non-Biodegradbale
- 8.4.2. France
- 8.4.2.1. By Type (Volume & Value)
- 8.4.2.1.1. Biodegradable
- 8.4.2.1.2. Non-Biodegradbale
- 8.4.3. U.K.
- 8.4.3.1. By Type (Volume & Value)
- 8.4.3.1.1. Biodegradable
- 8.4.3.1.2. Non-Biodegradbale
- 8.4.4. Italy
- 8.4.4.1. By Type (Volume & Value)
- 8.4.4.1.1. Biodegradable
- 8.4.4.1.2. Non-Biodegradbale
- 8.4.5. Spain
- 8.4.5.1. By Type (Volume & Value)
- 8.4.5.1.1. Biodegradable
- 8.4.5.1.2. Non-Biodegradbale
- 8.4.6. Rest of Europe
- 8.4.6.1. By Type (Volume & Value)
- 8.4.6.1.1. Biodegradable
- 8.4.6.1.2. Non-Biodegradbale
- 9. Asia-Pacific Bioplastics Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Key Findings / Summary
- 9.2. By Type (Voume & Value)
- 9.2.1. Biodegradable
- 9.2.2. Non-Biodegradbale
- 9.3. By Application (Volume & Value)
- 9.3.1. Rigid Packaging
- 9.3.1.1. Bottles & Jars
- 9.3.1.2. Trays
- 9.3.1.3. Others
- 9.3.2. Flexible Packaging
- 9.3.2.1. Pouches
- 9.3.2.2. Shopping / Waste Bags
- 9.3.2.3. Others
- 9.3.3. Textiles
- 9.3.4. Automotive & Transportation
- 9.3.5. Agriculture & Horticulture
- 9.3.6. Consumer Goods
- 9.3.7. Others
- 9.4. By Country (Voume & Value)
- 9.4.1. China
- 9.4.1.1. By Type (Volume & Value)
- 9.4.1.1.1. Biodegradable
- 9.4.1.1.2. Non-Biodegradbale
- 9.4.2. India
- 9.4.2.1. By Type (Volume & Value)
- 9.4.2.1.1. Biodegradable
- 9.4.2.1.2. Non-Biodegradbale
- 9.4.3. Japan
- 9.4.3.1. By Type (Volume & Value)
- 9.4.3.1.1. Biodegradable
- 9.4.3.1.2. Non-Biodegradbale
- 9.4.4. South Korea
- 9.4.4.1. By Type (Volume & Value)
- 9.4.4.1.1. Biodegradable
- 9.4.4.1.2. Non-Biodegradbale
- 9.4.5. Rest of Asia-Pacific
- 9.4.5.1. By Type (Volume & Value)
- 9.4.5.1.1. Biodegradable
- 9.4.5.1.2. Non-Biodegradbale
- 10. Rest of World Bioplastics Market Analysis, Insights and Forecast, 2019-2030
- 10.1. Key Findings / Summary
- 10.2. By Type (Voume & Value)
- 10.2.1. Biodegradable
- 10.2.2. Non-Biodegradbale
- 10.3. By Application (Volume & Value)
- 10.3.1. Rigid Packaging
- 10.3.1.1. Bottles & Jars
- 10.3.1.2. Trays
- 10.3.1.3. Others
- 10.3.2. Flexible Packaging
- 10.3.2.1. Pouches
- 10.3.2.2. Shopping / Waste Bags
- 10.3.2.3. Others
- 10.3.3. Textiles
- 10.3.4. Automotive & Transportation
- 10.3.5. Agriculture & Horticulture
- 10.3.6. Consumer Goods
- 10.3.7. Others
- 10.4. By Country (Voume & Value)
- 10.4.1. Brazil
- 10.4.1.1. By Type (Volume & Value)
- 10.4.1.1.1. Biodegradable
- 10.4.1.1.2. Non-Biodegradbale
- 10.4.2. Argentina
- 10.4.2.1. By Type (Volume & Value)
- 10.4.2.1.1. Biodegradable
- 10.4.2.1.2. Non-Biodegradbale
- 10.4.3. Others
- 10.4.3.1. By Type (Volume & Value)
- 10.4.3.1.1. Biodegradable
- 10.4.3.1.2. Non-Biodegradbale
- 11. Competitive Landscape
- 11.1. Company Market Share Analysis, By Key Players, 2022
- 11.2. Company Profiles
- 11.2.1. Novamont S.p.A.
- 11.2.1.1. Overview
- 11.2.1.2. Products & Services
- 11.2.1.3. Recent Developments
- 11.2.1.4. Strategies
- 11.2.1.5. Financials
- 11.2.2. Arkema S.A.
- 11.2.2.1. Overview
- 11.2.2.2. Products & Services
- 11.2.2.3. Recent Developments
- 11.2.2.4. Strategies
- 11.2.2.5. Financials
- 11.2.3. Matrica S.p.A.
- 11.2.3.1. Overview
- 11.2.3.2. Products & Services
- 11.2.3.3. Recent Developments
- 11.2.3.4. Strategies
- 11.2.3.5. Financials
- 11.2.4. NatureWorks LLC
- 11.2.4.1. Overview
- 11.2.4.2. Products & Services
- 11.2.4.3. Recent Developments
- 11.2.4.4. Strategies
- 11.2.4.5. Financials
- 11.2.5. TotalEnergies Corbion.
- 11.2.5.1. Overview
- 11.2.5.2. Products & Services
- 11.2.5.3. Recent Developments
- 11.2.5.4. Strategies
- 11.2.5.5. Financials
- 11.2.6. PTT MCC Biochem Co., Ltd.
- 11.2.6.1. Overview
- 11.2.6.2. Products & Services
- 11.2.6.3. Recent Developments
- 11.2.6.4. Strategies
- 11.2.6.5. Financials
- 11.2.7. Roquette Frères
- 11.2.7.1. Overview
- 11.2.7.2. Products & Services
- 11.2.7.3. Recent Developments
- 11.2.7.4. Strategies
- 11.2.7.5. Financials
- 11.2.8. Biofase
- 11.2.8.1. Overview
- 11.2.8.2. Products & Services
- 11.2.8.3. Recent Developments
- 11.2.8.4. Strategies
- 11.2.8.5. Financials
- 11.2.9. Genecis
- 11.2.9.1. Overview
- 11.2.9.2. Products & Services
- 11.2.9.3. Recent Developments
- 11.2.9.4. Strategies
- 11.2.9.5. Financials
- 11.2.10. Trifilon
- 11.2.10.1. Overview
- 11.2.10.2. Products & Services
- 11.2.10.3. Recent Developments
- 11.2.10.4. Strategies
- 11.2.10.5. Financials
- 11.2.11. Solvay
- 11.2.11.1. Overview
- 11.2.11.2. Products & Services
- 11.2.11.3. Recent Developments
- 11.2.11.4. Strategies
- 11.2.11.5. Financials
- 11.2.12. Avantium
- 11.2.12.1. Overview
- 11.2.12.2. Products & Services
- 11.2.12.3. Recent Developments
- 11.2.12.4. Strategies
- 11.2.12.5. Financials
- 11.2.13. Toray Industries, Inc.
- 11.2.13.1. Overview
- 11.2.13.2. Products & Services
- 11.2.13.3. Recent Developments
- 11.2.13.4. Strategies
- 11.2.13.5. Financials
- 11.2.14. LyondellBasell Industries Holdings B.V.
- 11.2.14.1. Overview
- 11.2.14.2. Products & Services
- 11.2.14.3. Recent Developments
- 11.2.14.4. Strategies
- 11.2.14.5. Financials
- 11.2.15. BASF SE
- 11.2.15.1. Overview
- 11.2.15.2. Products & Services
- 11.2.15.3. Recent Developments
- 11.2.15.4. Strategies
- 11.2.15.5. Financials
- 11.2.16. BioApply
- 11.2.16.1. Overview
- 11.2.16.2. Products & Services
- 11.2.16.3. Recent Developments
- 11.2.16.4. Strategies
- 11.2.16.5. Financials
- 11.2.17. Braskem
- 11.2.17.1. Overview
- 11.2.17.2. Products & Services
- 11.2.17.3. Recent Developments
- 11.2.17.4. Strategies
- 11.2.17.5. Financials
- 11.2.18. Biofase
- 11.2.18.1. Overview
- 11.2.18.2. Products & Services
- 11.2.18.3. Recent Developments
- 11.2.18.4. Strategies
- 11.2.18.5. Financials
- 11.2.19. Genecis
- 11.2.19.1. Overview
- 11.2.19.2. Products & Services
- 11.2.19.3. Recent Developments
- 11.2.19.4. Strategies
- 11.2.19.5. Financials
- 11.2.20. Trifilon
- 11.2.20.1. Overview
- 11.2.20.2. Products & Services
- 11.2.20.3. Recent Developments
- 11.2.20.4. Strategies
- 11.2.20.5. Financials
- 11.2.21. Kaneka Takasago
- 11.2.21.1. Overview
- 11.2.21.2. Products & Services
- 11.2.21.3. Recent Developments
- 11.2.21.4. Strategies
- 11.2.21.5. Financials
- 11.2.22. Danimer Scientific
- 11.2.22.1. Overview
- 11.2.22.2. Products & Services
- 11.2.22.3. Recent Developments
- 11.2.22.4. Strategies
- 11.2.22.5. Financials
- 11.2.23. Taghleef Industries
- 11.2.23.1. Overview
- 11.2.23.2. Products & Services
- 11.2.23.3. Recent Developments
- 11.2.23.4. Strategies
- 11.2.23.5. Financials
- 11.2.24. Advance Bio Material P. Ltd.
- 11.2.24.1. Overview
- 11.2.24.2. Products & Services
- 11.2.24.3. Recent Developments
- 11.2.24.4. Strategies
- 11.2.24.5. Financials
- 12. Strategic Recommendations
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