Bioplastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global bioplastics market size reached US$ 11.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.2 Billion by 2028, exhibiting a growth rate (CAGR) of 12.1% during 2023-2028.
Bioplastic is a biodegradable material produced from natural resources, such as vegetable oils and starches, which is used to reduce plastic waste polluting the environment. It is highly durable and lightweight and can be molded into different shapes and sizes. It requires less amount of energy during the manufacturing process. As bioplastic is absorbed by the soil and converted to compost or humus, there is no need to add more landfills. In addition, it is recyclable and does not need any fossil fuel for recycling as compared to conventional plastics. As a result, it is widely used in agricultural products, coating, packaging, and consumer goods across the globe.
Bioplastics Market Trends:
The growing concerns among the masses about the harmful impact of plastics represent one of the key factors driving the market. Besides this, there is a rise in the demand for bio-based packaging in consumer goods as they have higher tensile strength. This, along with the increasing utilization of bioplastics in various industries to reduce carbon and greenhouse gas emissions, is contributing to the growth of the market. In addition, bioplastics are manufactured from renewable sources, such as corn, wheat, maize, and sugarcane, which is offering a positive market outlook. Moreover, governments of several countries are undertaking initiatives to promote the usage of bioplastics for reducing plastic pollution. They are also organizing various campaigns for using bioplastic products due to the increasing oil prices across the globe. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce bio-based polyethylene, nylon, and polyethylene terephthalate (PET) plastic bottles for beverage packaging, which is positively influencing the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global bioplastics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, application and distribution channel.
Breakup by Product:
Biodegradable
Polylactic Acid
Starch Blends
Polybutylene Adipate Terephthalate (PBAT)
Polybutylene Succinate (PBS)
Others
Non-Biodegradable
Polyethylene
Polyethylene Terephthalate
Polyamide
Polytrimethylene Terephthalate
Others
Breakup by Application:
Flexible Packaging
Rigid Packaging
Agriculture and Horticulture
Consumer Goods
Textile
Automotive and Transportation
Others
Breakup by Distribution Channel:
Online
Offline
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A., BASF SE, Biome Bioplastics Limited (Biome Technologies plc), Eastman Chemical Company, FKuR Kunststoff GmbH, Kuraray Co. Ltd., Mitsubishi Chemical Corporation (Mitsubishi Chemical Holdings Corporation), Novamont S.p.A., Solvay S.A., Teijin Limited, Total Corbion PLA and Trinseo.
Key Questions Answered in This Report
1. What was the size of the global bioplastics market in 2022?
2. What is the expected growth rate of the global bioplastics market during 2023-2028?
3. What are the key factors driving the global bioplastics market?
4. What has been the impact of COVID-19 on the global bioplastics market?
5. What is the breakup of the global bioplastics market based on the product?
6. What is the breakup of the global bioplastics market based on the application?
7. What are the key regions in the global bioplastics market?
8. Who are the key players/companies in the global bioplastics market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Bioplastics Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Product
- 6.1 Biodegradable
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Polylactic Acid
- 6.1.2.2 Starch Blends
- 6.1.2.3 Polybutylene Adipate Terephthalate (PBAT)
- 6.1.2.4 Polybutylene Succinate (PBS)
- 6.1.2.5 Others
- 6.1.3 Market Forecast
- 6.2 Non-Biodegradable
- 6.2.1 Market Trends
- 6.2.2 Key segments
- 6.2.2.1 Polyethylene
- 6.2.2.2 Polyethylene Terephthalate
- 6.2.2.3 Polyamide
- 6.2.2.4 Polytrimethylene Terephthalate
- 6.2.2.5 Others
- 6.2.3 Market Forecast
- 7 Market Breakup by Application
- 7.1 Flexible Packaging
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Rigid Packaging
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Agriculture and Horticulture
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Consumer Goods
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Textile
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Automotive and Transportation
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Others
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 8 Market Breakup by Distribution Channel
- 8.1 Online
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Offline
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Arkema S.A.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 BASF SE
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Biome Bioplastics Limited (Biome Technologies plc)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Eastman Chemical Company
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 FKuR Kunststoff GmbH
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Kuraray Co. Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Mitsubishi Chemical Corporation (Mitsubishi Chemical Holdings Corporation)
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Novamont S.p.A.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Solvay S.A.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Teijin Limited
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Total Corbion PLA
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Trinseo
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
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