Bioplastics in Canada
Summary
Bioplastics in Canada industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Bioplastics are a type of plastic material that is derived from renewable sources such as plants, agricultural by-products, and microorganisms. These materials are used as alternatives to traditional plastics, which are made from fossil fuels. Bioplastics are manufactured using biological materials and processes, making them more sustainable and environmentally friendly.
- The Canadian bioplastics market recorded total revenues of $500.7 million in 2023, representing a compound annual growth rate (CAGR) of 8.1% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 9.8% between 2018 and 2023 reaching 120.7 thousand tonnes in 2023.
- The Canadian market accounted for 15.9% of the global bioplastic market and 23.3% of the North American market in 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bioplastics market in Canada
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bioplastics market in Canada
- Leading company profiles reveal details of key bioplastics market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Canada bioplastics market with five year forecasts
- What was the size of the Canada bioplastics market by value in 2023?
- What will be the size of the Canada bioplastics market in 2028?
- What factors are affecting the strength of competition in the Canada bioplastics market?
- How has the market performed over the last five years?
- Who are the top competitors in Canada's bioplastics market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the key strengths of the leading players?
- 7.3. What strategies do the leading players follow?
- 7.4. What are the most recent notable developments of the leading players?
- 8 Company Profiles
- 8.1. BASF SE
- 8.2. NatureWorks LLC
- 8.3. Danimer Scientific Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- About GlobalData
- List of Tables
- Table 1: Canada bioplastics market value: $ million, 2018-23
- Table 2: Canada bioplastics market volume: thousand tonnes, 2018-23
- Table 3: Canada bioplastics market category segmentation: % share, by value, 2018-2023
- Table 4: Canada bioplastics market category segmentation: $ million, 2018-2023
- Table 5: Canada bioplastics market geography segmentation: $ million, 2023
- Table 6: Canada bioplastics market value forecast: $ million, 2023-28
- Table 7: Canada bioplastics market volume forecast: thousand tonnes, 2023-28
- Table 8: BASF SE: key facts
- Table 9: BASF SE: annual financial ratios
- Table 10: BASF SE: key employees
- Table 11: BASF SE: key employees Continued
- Table 12: NatureWorks LLC: key facts
- Table 13: NatureWorks LLC: key employees
- Table 14: Danimer Scientific Inc: key facts
- Table 15: Danimer Scientific Inc: annual financial ratios
- Table 16: Danimer Scientific Inc: key employees
- Table 17: Canada size of population (million), 2019-23
- Table 18: Canada gdp (constant 2005 prices, $ billion), 2019-23
- Table 19: Canada gdp (current prices, $ billion), 2019-23
- Table 20: Canada inflation, 2019-23
- Table 21: Canada consumer price index (absolute), 2019-23
- Table 22: Canada exchange rate, 2019-23
- List of Figures
- Figure 1: Canada bioplastics market value: $ million, 2018-23
- Figure 2: Canada bioplastics market volume: thousand tonnes, 2018-23
- Figure 3: Canada bioplastics market category segmentation: $ million, 2018-2023
- Figure 4: Canada bioplastics market geography segmentation: % share, by value, 2023
- Figure 5: Canada bioplastics market value forecast: $ million, 2023-28
- Figure 6: Canada bioplastics market volume forecast: thousand tonnes, 2023-28
- Figure 7: Forces driving competition in the bioplastics market in Canada, 2023
- Figure 8: Drivers of buyer power in the bioplastics market in Canada, 2023
- Figure 9: Drivers of supplier power in the bioplastics market in Canada, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the bioplastics market in Canada, 2023
- Figure 11: Factors influencing the threat of substitutes in the bioplastics market in Canada, 2023
- Figure 12: Drivers of degree of rivalry in the bioplastics market in Canada, 2023
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