Global Bioplastics & Biopolymers Market Growth 2024-2030

Global Bioplastics & Biopolymers Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Bioplastics & Biopolymers market size was valued at US$ million in 2023. With growing demand in downstream market, the Bioplastics & Biopolymers is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.

The research report highlights the growth potential of the global Bioplastics & Biopolymers market. Bioplastics & Biopolymers are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Bioplastics & Biopolymers. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Bioplastics & Biopolymers market.

Biopolymers/bioplastics is a material for which at least a portion of polymer consists of material produced from biomaterials. It represent a new generation of plastics that reduces the impact on the environment, both in terms of energy consumption and the amount of greenhouse gas emissions.

NatureWorks, Braskem, Arkema, Novamont, BASF and Kingfa are the main players in this industry. Among them, NatureWorks is the leader in the global market, and it accounted for 13% of the global revenue market share in 2019.

Production areas include North America, Europe, China and Japan. In 2019, the global Bioplastics and Biopolymers market is led by Europe with nearly 47%. USA is the second-largest region-wise market with about 24%.

In terms of product types, there are Starch Blends, PLA, Bio-PE, PBAT and Bio-PET. Starch Blends is the largest segment with a market share of nearly 28%, followed by PLA with 19%.

Bioplastics and biopolymers can be used in packing industry, consumer products, agriculture & horticulture, automotive industry. The packing industry accounted for about 56 per cent of the global market in 2019.

Key Features:

The report on Bioplastics & Biopolymers market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Bioplastics & Biopolymers market. It may include historical data, market segmentation by Materials (e.g., Bio-PE, Starch Blends), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Bioplastics & Biopolymers market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Bioplastics & Biopolymers market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Bioplastics & Biopolymers industry. This include advancements in Bioplastics & Biopolymers technology, Bioplastics & Biopolymers new entrants, Bioplastics & Biopolymers new investment, and other innovations that are shaping the future of Bioplastics & Biopolymers.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Bioplastics & Biopolymers market. It includes factors influencing customer ' purchasing decisions, preferences for Bioplastics & Biopolymers product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Bioplastics & Biopolymers market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Bioplastics & Biopolymers market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Bioplastics & Biopolymers market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Bioplastics & Biopolymers industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Bioplastics & Biopolymers market.

Market Segmentation:

Bioplastics & Biopolymers market is split by Materials and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Materials, and by Application in terms of volume and value.

Segmentation by materials
Bio-PE
Starch Blends
PLA
Bio-PET
Biodegradable Polyesters
Regenerated Cellulose
Polylactic Acid
Poly Hydroxyalkonoates

Segmentation by application
Packaging
Agriculture
Automotive
Consumer Products

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BASF
Braskem
Metabolix
Meredian
Plantic
Corbion
Novamont
Natureworks
Biome Technologies
Indorama Ventures Public Company Limited

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bioplastics & Biopolymers market?

What factors are driving Bioplastics & Biopolymers market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bioplastics & Biopolymers market opportunities vary by end market size?

How does Bioplastics & Biopolymers break out materials, application?

Please note: The report will take approximately 2 business days to prepare and deliver.