This report was recently updated on November 18 2024 with the latest and most recent
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Global Bioplastics & Biopolymers Market Size, Trends & Analysis - Forecasts To 2026 By Type (Non-Biodegradable/Bio-Based Bioplastics & Biopolymers, Biodegradable Bioplastics & Biopolymers), By Application (Consumer Goods, Packaging, Automotive & Transportation, Agriculture, Textile, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Bioplastics & Biopolymers Market: Insights
The global bioplastics & biopolymers market is estimated to witness a significant CAGR during the forecast period (2019-2026). The growth of the market is anticipated to increase due to increasing demand for bio-packaged products, and growing demand for bioplastics & biopolymers for waste and water management, and renewable energy management among others are some of the major factors expected to drive the market growth during the forecast period. Moreover, growing consumer preference towards bio-based packaging is one of the significant factor driving the bioplastics & biopolymers market growth. However, stringent regulations by government, and fluctuation in prices of bioplastics than conventional plastics are likely to hamper the market growth during the forecast period.
Bioplastics & Biopolymers Market: By Type
On the basis of type, the global bioplastics & biopolymers market is segmented into non-biodegradable/bio-based bioplastics & biopolymers, and biodegradable bioplastics & biopolymers. The non-biodegradable/bio-based bioplastics & biopolymers segment is expected to hold the largest market share during the forecast period. It is further segmented into BIO-PET, BIO-PA, BIO-PE, and BIO-PTT, among others. Bio-PET is mainly used in packaging industry. The properties of Bio-PET includes flexibility, heat resistance, printability, and lower carbon content.
Bioplastics & Biopolymers Market: By Application
On the basis of application, the global bioplastics & biopolymers market is segmented into consumer goods, packaging, automotive & transportation, textile, and agriculture, among others. The packaging segment is expected to grow at the highest CAGR during the forecast period. Growing usage of bioplastics in applications such as bottles, films, clamshell cartons, and waste collection bags are one of the factors expected to boost the market for bioplastics & biopolymers during the forecast period. Moreover, automotive & transportation segment is expected to hold the largest market share in terms of revenue during the forecast period. Growing use of biodegradable polymers over conventional polymers so as to reduce carbon footprint is influencing the market growth.
Bioplastics & Biopolymers Market: By Region
On the basis of region, the market for bioplastics & biopolymers is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. Europe is expected to hold the largest market share in terms of revenue during the forecast period. Growing expansion of the packaging and agriculture industry in the region is propelling the market. Asia-Pacific is expected to hold a significant market share of bioplastics & biopolymers. Growing consumer preference towards eco-friendly plastic products, and human health is one of the important factor influencing the market growth.
Bioplastics & Biopolymers Market: End User Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products & services, and regional presence of companies who are purchasing or are likely to purchase bioplastics & biopolymers. The key end-users of the markets are BMW, and New Packaging Corporation, among others.
Bioplastics & Biopolymers Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the bioplastics & biopolymers market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Bioplastics & Biopolymers Market: Share & Competitor Analysis
Some of the key players operating in the bioplastics & biopolymers market are Natureworks, Braskem, BASF SE, Total Corbion, Novamont, Biome Bioplastics, Mitsubishi Chemical Holdings Corporation, Biotec, Toray Industries, Solvay S.A., Plantic Technologies, Arkema, Cardia Bioplastics, Futerro, Fkur Kunststoff, Green Dot Bioplastics, PTT MCC Biochem, Succinity, Synbra Technology, Tianan Biologic Materials, and Zhejiang Hisun Biomaterials, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Related Report: Global Commodity Plastics Market Size, Trends & Analysis - Forecasts to 2026
Check the Press Release on Global Bioplastics & Biopolymers Market Report
Bioplastics & Biopolymers Market: By Type
Bioplastics & Biopolymers Market: By Application
Bioplastics & Biopolymers Market: By Region
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Bioplastics & Biopolymers Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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