The Global Biopolymers and Bioplastics Market is estimated to reach USD 14.5 Billion in 2024 at a CAGR of 15.7%. Biopolymers and Bioplastics Market is growing at a remarkable pace owing to the soaring need for reducing the use of conventional plastic in order to minimize its negative impact on the environment. This factor is further fueled by the strict regulation imposed by the governments on plastic use. On the contrary, high cost of the biopolymers is likely to act as a roadblock for the market growth.
Biopolymers are the polymers produced from the natural sources which can be used as an substitute to the existing polymers in their respective application. Bioplastics are the plastics obtained from the vegetable fats and oils, corn starch, pea starch or macrobiotic, and other renewable sources. As these polymers are originated from the renewable and natural sources, it degrades at a higher rate than those to the conventional plastics or polymers. Due to its higher degradability, it is extensively used in electronics, building and construction, coatings and adhesives, automotive, and consumer goods sector.
Some key players of the market BASF SE, E. I. du Pont de Nemours and Company, Braskem SA, Indorama Corporation, NatureWorks LLC, Novamont S.p.A., Corbion N.V., Arkema S.A., Biome Bioplastics Ltd., and Toray Industries among others.
This market research report offers a comprehensive analysis of key market trends in the global biopolymers and bioplastics market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of type, the market is segmented into biobased and biodegradable, fossil-based and biodegradable and bio-based and non- biodegradable. By raw materials, the biopolymers and bioplastics market is segmented into sugarcane, sugarbeet, corn, potato, wheat, castor oil and others. By application type, the market is segmented into electronics, building and construction, coatings and adhesives, automotive, consumer goods, packaging, and others. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, and the Middle East and Africa.
The report on this market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
|---|---|
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Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
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Base Year for Market Calculation |
2018 |
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Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
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Measured Units |
Value (USD Million) Volume (Kiloton) |
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Segments Included |
Type, Raw Material, Application |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, South America |
• BASF SE (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• E. I. du Pont de Nemours and Company
• Braskem SA
• Indorama Corporation
• NatureWorks LLC
• Novamont S.p.A.
• Corbion N.V.
• Arkema S.A.
• Biome Bioplastics Ltd.
• Toray Industries
For the scope of report, In-depth segmentation is offered by Forencis Research
Biopolymers and Bioplastics Market, by Type
Biopolymers and Bioplastics Market, by Raw Material
Biopolymers and Bioplastics Market, by Application
Biopolymers and Bioplastics Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Rising Focus to Minimize the Carbon Footprint
4.2.2. Better Substitute to the Conventional Plastic
4.2.3. Increasing Efforts by the Governments of Various Nations On Reducing the Plastic Usage
4.2.4. Rising Adoption of the Bio-Based Products by the End-Use Industries
4.3 Restraints
4.3.1. High Cost Associated with the Product
4.4 Opportunities
4.4.1. Emergence of The New Polymers
4.4.2. Ongoing Investment by The Key Player to Boost the Production of Biopolymers and Bioplastics
4.5 Challenges
4.5.1 Low Performance Is Exhibited by The Biopolymers in Some Industrial Application
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 BIOPOLYMERS AND BIOPLASTICS MARKET BY TYPE, Market Size in USD Million and Volume (Kiloton) (2017—2024)
6.1 Introduction
6.2 Biobased and Biodegradable
6.2.1 Polylactic Acid
6.2.2 Starch Blends
6.3 Fossil-based and Biodegradable
6.3.1 Polybutylene Adipate Terephthalate
6.3.2 PBS(A)
6.3.3 Others
6.4 Bio-based and Non- biodegradable
6.4.1 Bio-polyethylene Terephthalate
6.4.2 Bio-polyethylene
6.4.3 Polyethylenefuranoate
6.4.4 Others
7 BIOPOLYMERS AND BIOPLASTICS MARKET BY RAW MATERIAL, Market Size in USD Million and Volume (Kiloton) (2017—2024)
7.1 Introduction
7.2 Sugarcane
7.3 Sugarbeet
7.4 Corn
7.5 Potato
7.6 Wheat
7.7 Castor Oil
7.8 Others
8 BIOPOLYMERS AND BIOPLASTICS MARKET BY APPLICATION, Market Size in USD Million and Volume (Kiloton) (2017—2024)
8.1 Introduction
8.2 Electronics
8.3 Building and Construction
8.4 Coatings and Adhesives
8.5 Automotive
8.6 Consumer Goods
8.7 Packaging
8.7.1 Flexible
8.7.2 Rigid
8.8 Others
9 BIOPOLYMERS AND BIOPLASTICS MARKET BY REGION, Market Size in USD Million and Volume (Kiloton) (2017—2024)
9.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
9.2 Europe
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. UK
8.2.5. Spain
8.2.6. Rest of Europe
9.3 Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Rest of Asia-Pacific
9.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Rest of Middle East
9.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
10 COMPETITIVE LANDSCAPE
10.1 Introduction
10.2 Market Ranking/Share Analysis of Key Companies
10.3 Company Benchmarking
11 COMPANY PROFILES
11.1 BASF SE
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Solutions/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.2 E. I. du Pont de Nemours and Company
11.3 Braskem SA
11.4 Indorama Corporation
11.5 NatureWorks LLC
11.6 Novamont S.p.A.
11.7 Corbion N.V.
11.8 Arkema S.A.
11.9 Biome Bioplastics Ltd.
11.10 Toray Industries
11.11 Other Key Companies
12 APPENDIX
12.1 Key Industry Expert Insights
12.2 Primary Discussion Guide
12.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain