China Bioplastics Market Size, Segmentation by Category and Geography, Competitive Landscape and Forecast, 2017-2026

China Bioplastics Market Size, Segmentation by Category and Geography, Competitive Landscape and Forecast, 2017-2026

Summary

Bioplastics in China industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). 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 large family of different materials, and not just one single material. They comprise of a whole family of materials with different properties and applications. According to European Bioplastics, a plastic material is defined as a bioplastic if it is either biobased, biodegradable, or features both properties. The market is segmented into biodegradable plastics and biobased/non-biodegradable plastics. Biodegradable Plastics: Biodegradation is a chemical process during which microorganisms that are available in the environment convert materials into natural substances such as water, carbon dioxide, and compost (artificial additives are not needed). The process of biodegradation depends on the surrounding environmental conditions (e.g. location or temperature), on the material and on the application. Biobased/Non-Biodegradable: The term ‘biobased’ means that the material or product is (partly) derived from biomass (plants). Biomass used for bioplastics stems from e.g. corn, sugarcane, or cellulose.
• The Chinese bioplastics market had total revenues of $1.3bn in 2021, representing a compound annual rate of change (CARC) of -3.6% between 2016 and 2021.
• Market consumption volumes declined with a CARC of -8.6% between 2016 and 2021, to reach a total of 406.5 thousand tonnes in 2021.
• The value of the Chinese bioplastics market grew by 13.9% in 2021.

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bioplastics market in China
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bioplastics market in China
• 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 China bioplastics market with five year forecasts

• What was the size of the China bioplastics market by value in 2021?
• What will be the size of the China bioplastics market in 2026?
• What factors are affecting the strength of competition in the China bioplastics market?
• How has the market performed over the last five years?
• What are the main segments that make up China's bioplastics market?