Market Overview:
The global bioplastic composites market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for biodegradable and environmentally friendly products, rising awareness about the benefits of using bioplastic composites, and growing investments in research and development activities for new applications of bioplastic composites. Based on type, the global bioplastic composites market is segmented into natural polymer-based and synthetic polymer-based segments. The natural polymer-based segment is further subsegmented into cellulose acetate, starch blends, PLA & PHA blends, lignin blends, and others. The synthetic polymer-based segment is further subsegmented into polypropylene (PP), polyethylene terephthalate (PET), polystyrene (PS), acrylonitrile butadiene styrene (ABS), nylon 6 & 66 blend fiber reinforced plastics (Nylon 6/66 FRP) etc. In terms of application, the transportation sector accounts for the largest share of the global bioplastic composites market followed by electrical & electronics sector; building & construction sector; aerospace & defense sector; consumer goods sector; and others sectors respectively.
Product Definition:
Bioplastic composites are made up of bioplastics and traditional plastics. They have the benefits of both materials, such as being able to be recycled and having a low environmental impact.
Natural Polymer:
Natural polymers are bio-based materials that are derived from renewable resources. The most commonly used natural polymers include cellulose, starch, lignin, collagen and proteins. Natural polymers have a lower carbon footprint as compared to their synthetic counterparts as they do not require the use of toxic chemicals for production.
The global demand for plastics is expected to grow at a rapid rate over the next decade owing to its widespread usage in various industries including automotive & transportation.
Synthetic Polymer:
Synthetic polymers are man-made materials derived from petroleum or natural gas. They are characterized by high molecular weight and usually less than 100,000 Da. Polyethylene, polypropylene, nylon 6 & 6, and styrene are a few common synthetic polymers used in bioplastic composites market.
Application Insights:
The transportation application segment led the global bioplastic composites market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The product has gained significant demand from this sector owing to its lightweight properties, which reduce fuel consumption and emission during combustion. In addition, these materials also help reduce vehicle weight, thus improving fuel efficiency and overall performance of vehicles.
Bioplastics are being increasingly used for manufacturing automotive parts as they are made from renewable sources such as plants or crops that grow naturally; bio-based polymers like polylactic acid (PLA) & bio-based starch (BS) offer cost savings over traditional plastics due to their ability to be manufactured using less energy & resources while offering high durability compared with other plastics used in manufacturing automotive components. Increasing government support towards reducing greenhouse gas emissions by increasing the use of green alternatives is expected to further drive industry growth 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 accounts for a major share of global population, which makes it an attractive regional market for consumer goods manufacturers. China is one of the largest consumer electronics manufacturing markets globally and has been witnessing strong growth in automotive production as well. These factors are anticipated to contribute toward industry growth over the next eight years.
Europe accounted for a significant share of global revenue in 2017 owing to high demand from end-use industries such as transportation, electrical & electronics, building & construction, aerospace & defense).
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and packaging
- Rising awareness about the benefits of bioplastic composites over traditional materials
- Growing R&D investments for developing innovative bioplastic composites products
- Favorable government policies and regulations for promoting the use of bioplastics composites
- Technological advancements in manufacturing processes that reduce production costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Bioplastic Composites Market Research Report
By Type
Natural Polymer, Synthetic Polymer
By Application
Transportation, Electrical & Electronics, Building & Construction, Aerospace & Defense, Consumer Goods, Others
By Companies
Arkema, Mitsubishi Plastics, Huntsman, BASF, Toray Industries, Natureworks, Corbion, DowDuPont, Solvay, Braskem, Arkema
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Bioplastic Composites Market Report Segments:
The global Bioplastic Composites market is segmented on the basis of:
Types
Natural Polymer, Synthetic Polymer
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
Transportation, Electrical & Electronics, Building & Construction, Aerospace & Defense, Consumer Goods, 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:
- Arkema
- Mitsubishi Plastics
- Huntsman
- BASF
- Toray Industries
- Natureworks
- Corbion
- DowDuPont
- Solvay
- Braskem
- Arkema
Highlights of The Bioplastic Composites 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:
- Natural Polymer
- Synthetic Polymer
- By Application:
- Transportation
- Electrical & Electronics
- Building & Construction
- Aerospace & Defense
- Consumer Goods
- 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 Bioplastic Composites 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Bioplastic composites are materials that are composed of biodegradable polymers and natural or synthetic fibers. These materials can be used to create products that are environmentally friendly, durable, and affordable.
Some of the key players operating in the bioplastic composites market are Arkema, Mitsubishi Plastics, Huntsman, BASF, Toray Industries, Natureworks, Corbion, DowDuPont, Solvay, Braskem, Arkema.
The bioplastic composites market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bioplastic Composites 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 Bioplastic Composites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bioplastic Composites 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 Bioplastic Composites 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 Bioplastic Composites Market Size & Forecast, 2018-2028
4.5.1 Bioplastic Composites Market Size and Y-o-Y Growth
4.5.2 Bioplastic Composites Market Absolute $ Opportunity
Chapter 5 Global Bioplastic Composites 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 Bioplastic Composites Market Size Forecast by Type
5.2.1 Natural Polymer
5.2.2 Synthetic Polymer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bioplastic Composites 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 Bioplastic Composites Market Size Forecast by Applications
6.2.1 Transportation
6.2.2 Electrical & Electronics
6.2.3 Building & Construction
6.2.4 Aerospace & Defense
6.2.5 Consumer Goods
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bioplastic Composites 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 Bioplastic Composites 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 Bioplastic Composites Analysis and Forecast
9.1 Introduction
9.2 North America Bioplastic Composites 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 Bioplastic Composites Market Size Forecast by Type
9.6.1 Natural Polymer
9.6.2 Synthetic Polymer
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 Bioplastic Composites Market Size Forecast by Applications
9.10.1 Transportation
9.10.2 Electrical & Electronics
9.10.3 Building & Construction
9.10.4 Aerospace & Defense
9.10.5 Consumer Goods
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 Bioplastic Composites Analysis and Forecast
10.1 Introduction
10.2 Europe Bioplastic Composites 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 Bioplastic Composites Market Size Forecast by Type
10.6.1 Natural Polymer
10.6.2 Synthetic Polymer
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 Bioplastic Composites Market Size Forecast by Applications
10.10.1 Transportation
10.10.2 Electrical & Electronics
10.10.3 Building & Construction
10.10.4 Aerospace & Defense
10.10.5 Consumer Goods
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 Bioplastic Composites Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bioplastic Composites 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 Bioplastic Composites Market Size Forecast by Type
11.6.1 Natural Polymer
11.6.2 Synthetic Polymer
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 Bioplastic Composites Market Size Forecast by Applications
11.10.1 Transportation
11.10.2 Electrical & Electronics
11.10.3 Building & Construction
11.10.4 Aerospace & Defense
11.10.5 Consumer Goods
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 Bioplastic Composites Analysis and Forecast
12.1 Introduction
12.2 Latin America Bioplastic Composites 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 Bioplastic Composites Market Size Forecast by Type
12.6.1 Natural Polymer
12.6.2 Synthetic Polymer
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 Bioplastic Composites Market Size Forecast by Applications
12.10.1 Transportation
12.10.2 Electrical & Electronics
12.10.3 Building & Construction
12.10.4 Aerospace & Defense
12.10.5 Consumer Goods
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) Bioplastic Composites Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bioplastic Composites 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) Bioplastic Composites Market Size Forecast by Type
13.6.1 Natural Polymer
13.6.2 Synthetic Polymer
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) Bioplastic Composites Market Size Forecast by Applications
13.10.1 Transportation
13.10.2 Electrical & Electronics
13.10.3 Building & Construction
13.10.4 Aerospace & Defense
13.10.5 Consumer Goods
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 Bioplastic Composites Market: Competitive Dashboard
14.2 Global Bioplastic Composites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arkema
14.3.2 Mitsubishi Plastics
14.3.3 Huntsman
14.3.4 BASF
14.3.5 Toray Industries
14.3.6 Natureworks
14.3.7 Corbion
14.3.8 DowDuPont
14.3.9 Solvay
14.3.10 Braskem
14.3.11 Arkema
