Market Overview:
The global bio-plastics market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for bio-based plastics from end-use industries, stringent regulations on conventional plastics, and rising awareness about environmental concerns. Based on type, the global bio-plastics market is segmented into Bio-PET, Bio-PE, Bio-PA, Bio degradable Polyesters (PLA & PLA Blends), Starch Blends, PHA and Others. Among these segments, PLA & PLA blends are expected to witness highest growth during the forecast period owing to their properties such as biodegradability and compostability. In terms of application, bottle is projected to be the fastest growing segment during the forecast period followed by food services and agriculture/horticulture segments.
Product Definition:
Bio-plastics are made from renewable biomass sources such as vegetable oils and animal fats, corn starch, potato starch, cellulose and sugar cane. Bio-plastics are important because they are biodegradable and can be composted.
Bio-PET:
Bio-PET is a type of polymer, which is made from the carbon content in plants. It was first developed as an alternative to Polyethylene Terephthalate (PET) and has been gaining market share ever since. Bio-PET can be used for applications where PET would normally be used such as food packaging and bottle labeling.
Bio-PE:
Bio-PE is a bio-based polymer, produced from sugarcane and corn starch. It has similar properties with petrochemical plastics such as HDPE and LDPE. Bio-PE can be used in food & beverage packaging, disposable products like diapers, sanitary napkins and even for personal care products like facial masks and hairbrushes. The growing demand for sustainable materials in the consumer goods industry is expected to drive the market over the forecast period.
Application Insights:
The global bio-plastics market has been segmented on the basis of application into bottle, food-services, agriculture/horticulture, consumer products and automotive. The bottle application segment led the market in 2017 and is projected to maintain its dominance over the forecast period. Bottles are widely used for packaging various beverages such as water, soft drinks (Soda), beer and others.
Growing demand for sustainable materials in product manufacturing coupled with rising health concerns regarding plastics used in food containers is expected to drive growth over the forecast period. Agriculture/horticulture was another prominent segment that accounted for a significant share of industry revenues in 2017 owing to increasing use of plastic mulch films or sheets protecting crops from pests & diseases during transplanting & harvesting seasons respectively. These films also help retain moisture content inside fruits & vegetables thereby boosting consumption further over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest economies, such as China, India, Japan and South Korea. Rapidly growing population coupled with increasing disposable income levels has resulted in strong economic growth for these countries. This trend is projected to continue over the coming years which will have a positive impact on industry growth across APAC region.
China accounted for a share of more than 30% of total regional revenue in 2017 owing to high product demand from various application sectors including consumer goods, automotive & transportation products and agriculture/horticulture equipment among others.
Growth Factors:
- Increasing demand for bio-plastics from packaging and automotive industries due to its environmental friendly properties.
- Rising awareness about the benefits of bio-plastics over traditional plastics among consumers.
- Growing investment by leading players in research and development of innovative bio-plastic products.
- Proliferation of new applications for bio-plastics in various end user industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bio-plastics Market Research Report
By Type
Bio-PET, Bio-PE, Bio-PA, Bio-degradable Polyesters, PLA & PLA Blends, Starch Blends, PHA, Others
By Application
Bottle, Food-services, Agriculture/Horticulture, Consumer Products, Automotive, Others
By Companies
BASF, NatureWorks, Toray Industries, Evonik Industries, E. I. du Pont de Nemours and Company, DSM, Arkema, Techno Polymer, RTP Company, BASF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Bio-plastics Market Report Segments:
The global Bio-plastics market is segmented on the basis of:
Types
Bio-PET, Bio-PE, Bio-PA, Bio-degradable Polyesters, PLA & PLA Blends, Starch Blends, PHA, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bottle, Food-services, Agriculture/Horticulture, Consumer Products, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- NatureWorks
- Toray Industries
- Evonik Industries
- E. I. du Pont de Nemours and Company
- DSM
- Arkema
- Techno Polymer
- RTP Company
- BASF
Highlights of The Bio-plastics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bio-PET
- Bio-PE
- Bio-PA
- Bio-degradable Polyesters
- PLA & PLA Blends
- Starch Blends
- PHA
- Others
- By Application:
- Bottle
- Food-services
- Agriculture/Horticulture
- Consumer Products
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bio-plastics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bio-plastics are plastics made from renewable resources like corn, sugarcane, or oilseed.
Some of the key players operating in the bio-plastics market are BASF, NatureWorks, Toray Industries, Evonik Industries, E. I. du Pont de Nemours and Company, DSM, Arkema, Techno Polymer, RTP Company, BASF.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bio-plastics Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Bio-plastics Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Bio-plastics Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Bio-plastics Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Bio-plastics Market Size & Forecast, 2020-2028 4.5.1 Bio-plastics Market Size and Y-o-Y Growth 4.5.2 Bio-plastics Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Bio-PET
5.2.2 Bio-PE
5.2.3 Bio-PA
5.2.4 Bio-degradable Polyesters
5.2.5 PLA & PLA Blends
5.2.6 Starch Blends
5.2.7 PHA
5.2.8 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Bottle
6.2.2 Food-services
6.2.3 Agriculture/Horticulture
6.2.4 Consumer Products
6.2.5 Automotive
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bio-plastics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bio-plastics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Bio-PET
9.6.2 Bio-PE
9.6.3 Bio-PA
9.6.4 Bio-degradable Polyesters
9.6.5 PLA & PLA Blends
9.6.6 Starch Blends
9.6.7 PHA
9.6.8 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Bottle
9.10.2 Food-services
9.10.3 Agriculture/Horticulture
9.10.4 Consumer Products
9.10.5 Automotive
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Bio-PET
10.6.2 Bio-PE
10.6.3 Bio-PA
10.6.4 Bio-degradable Polyesters
10.6.5 PLA & PLA Blends
10.6.6 Starch Blends
10.6.7 PHA
10.6.8 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Bottle
10.10.2 Food-services
10.10.3 Agriculture/Horticulture
10.10.4 Consumer Products
10.10.5 Automotive
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Bio-PET
11.6.2 Bio-PE
11.6.3 Bio-PA
11.6.4 Bio-degradable Polyesters
11.6.5 PLA & PLA Blends
11.6.6 Starch Blends
11.6.7 PHA
11.6.8 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Bottle
11.10.2 Food-services
11.10.3 Agriculture/Horticulture
11.10.4 Consumer Products
11.10.5 Automotive
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Bio-PET
12.6.2 Bio-PE
12.6.3 Bio-PA
12.6.4 Bio-degradable Polyesters
12.6.5 PLA & PLA Blends
12.6.6 Starch Blends
12.6.7 PHA
12.6.8 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Bottle
12.10.2 Food-services
12.10.3 Agriculture/Horticulture
12.10.4 Consumer Products
12.10.5 Automotive
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Bio-PET
13.6.2 Bio-PE
13.6.3 Bio-PA
13.6.4 Bio-degradable Polyesters
13.6.5 PLA & PLA Blends
13.6.6 Starch Blends
13.6.7 PHA
13.6.8 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Bottle
13.10.2 Food-services
13.10.3 Agriculture/Horticulture
13.10.4 Consumer Products
13.10.5 Automotive
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bio-plastics Market: Competitive Dashboard
14.2 Global Bio-plastics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 NatureWorks
14.3.3 Toray Industries
14.3.4 Evonik Industries
14.3.5 E. I. du Pont de Nemours and Company
14.3.6 DSM
14.3.7 Arkema
14.3.8 Techno Polymer
14.3.9 RTP Company
14.3.10 BASF