Bioplastics Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2021-2027

The Global Bioplastics Market size was valued at US$ 11.9 Billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 19.5% for the forecast period ending 2027 reaching a Market value of US$ 37.8 Billion.

From the perspective of the Product Type market segmentation, the report covers Bio-based Degradables, Bio-based Degradables-Starch-based, Bio-based Degradables-Polylactic Acid (PLA), Bio-based Degradables-Polyhydroxy Alkanoates (PHA), Bio-based Degradables-Polyesters (PBS, PBAT and PCL), Bio-based Degradables-Other Bio-based Biodegradables, Bio-based Non-biodegradables, Bio-based Non-biodegradables-Bio Polyethylene Terephthalate (PET), Bio-based Non-biodegradables-Bio Polyethylene, Bio-based Non-biodegradables-Bio Polyamides, Bio-based Non-biodegradables-Bio Polytrimethylene Terephthalate, Bio-based Non-biodegradables-Other Non-biodegradables. This segment of the Global Bioplastics Market is expected to drive the growth in the coming years owing to various positive trends, primarily the increasing applications.

The key and positive trends of the segment include:

 

• Environmental Factors Encouraging a Paradigm Shift
• Growing Demand for Bioplastics in Packaging

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Growing demand for bioplastics in the packaging industry is one of the key factors driving the growth of the market at present. Bioplastics provide the packaging industry with a renewable sustainable option for a variety of uses. Within the packaging market, rigid packaging accounts for a larger share. According to European Bioplastic, in 2018, the global production of bioplastic for rigid packaging was about 699.5 thousand tonnes. The high share is attributed due to the growing application of rigid packaging in application areas such as bottles, jars, canisters, cups, buckets, containers, trays, and clamshells. This helps contain the energy that can be recovered in combined heat and power (CHP) plants

Global Bioplastics Market Report Scope:

The study is an effective tool for addressing Research insights relevant for business strategies like:

• New product launch
• New client acquisition
• New opportunity mapping (market level and geography level)
• Competitive benchmarking
• Cost optimization strategies
• Inorganic expansion plans

The Segment study of Application includes an analysis of

• Flexible Packaging (Films, Plastic Bags, etc.)
• Rigid Packaging (Bottles, Containers, etc.)
• Automotive and Assembly Operations
• Agriculture and Horticulture
• Construction
• Textiles
• Electrical and Electronics
• Others Technology

The market segments are identified and analyzed keeping in mind the Global Bioplastics Market ecosystem as a whole

By type, the bio-based non-biodegradable segment accounted for the largest market share of XX%, followed by bio-based biodegradables with XX% share, in terms of volume, in 2020. Bio-based biodegradables is expected to register the fastest CAGR of XX%, through 2025.

Based on biodegradables, the polylactic acid (PLA) segment accounted for the largest market share of XX%, followed by starch-based plastics with XX%  share, polyesters (PBS, PBAT and PCL) with XX% share, polyhydroxyalkanoates (PHA) with XX% share, and other bio-based biodegradables with XX% share, in terms of volume, in 2019. Polyhydroxy Alkanoates (PHA) is expected to register the fastest CAGR of XX%, through 2026

From a geographic segmentation perspective, the report focuses on the regions that have a material and significant effect on the overall market value. The broad level coverage of the report includes the regions of Global, North America, Europe, APAC, MEA, LatAm.

China is the largest market for bioplastics within Asia Pacific. China is touted as one of the fastest growing economies across the globe, and across major end-use industries as well. However, owing to the international trade turbulences and unfavorable geopolitical affairs, the growth rate was expected to slow down in the initial years of the forecast period. But the growth is expected to take up the pace in the later part of forecast period, considering the favorable conditions and relations in the future

Competitive Landscape Covered in Bioplastics Market Report:

The Global Bioplastics Market is fairly fragmented. While the key companies continue to drive innovation and, in most cases, adopt digital transformations, the overall competitive ecosystem is dominated by Market leaders as well as emerging players with niche offerings

The Global Bioplastics Market report profiles some of the key market players while reviewing significant market developments and strategies adopted by them.
While looking at Organic and Inorganic strategies separately, the report studies not only outlook based (short-mid-long term), but also strategy based (strategic vs operational) market activity.

Companies profiled in the Bioplastics Market report include:

• Trinseo
• Arkema SA
• BASF SE
• Biotec
• Braskem
• Danimer Scientific
• Rodenburg Biopolymers
• Futerro
• Indorama Ventures Public Company Limited
• Prospera Technologies

The global bioplastics market is marked by intense competition from the major players operating in Bioplastics market. Tactical mergers and acquisitions, joint ventures and partnerships, expansions and product developments are some of the key strategies taken up by these organizations to ensure long term sustenance in the global bioplastics market. For instance, API, a subsidiary of Trinseo has launched the new recyclable TPU APILON 52 A/C-series at SIMAC Tanning Tech 2019

The Covid19 pandemic has transformed the market landscape. The market ecosystem has taken a directional shift in the way supply-side of the market is accessed. The report covers the aftermath of the Covid19 catastrophe

Customization:

Our dynamic and proprietary data-mining technology has given us the flexibility to maintain both precision and speed while delivering exclusive and custom insights to our clients.

We conduct customization of the Research data on all key fronts – Regional, Segment, Competitive landscape level. For every report-purchase, we offer 50 analyst-hours of free customization

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