Biopolymers & Bioplastics Market Research Report—Global Forecast till 2030

Biopolymers & Bioplastics Market: Information by Type (Biodegradable (Polylactic Acid (PLA), Starch Blends, Polybutylene Adipate Terephthalate (PBAT), Polyhydroxyalkanoate (PHA), Polybutylene Succinate (PBS), and Others)), Non-Biodegradable (Bio-PE, Bio-PA, Bio-PET, Bio-PTT, and Others), End Use (Packaging (Flexible Packaging, Rigid Packaging), Consumer Goods (Electrical Appliances, Domestic Appliances, and Others), Automotive & Transportation, Textiles, Agriculture & Horticulture, and Others), and Region (North America, Europe, Asia-Pa...

ID: MRFR/CnM/9323-HCR | August 2022 | Region: Global | 140 Pages         

 

Table of Contents

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Biopolymer & bioplastics, by Type

1.1.2. Global Biopolymer & bioplastics, by End Use

1.1.3. Global Biopolymer & bioplastics, by Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.3. Assumptions & Limitations

2.4. Market Structure

3. RESEARCH METHODOLOGY

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. MARKET DYNAMICS

4.1. Introduction

4.2. Drivers

4.2.1. Growth in Construction Activities Worldwide Paves Way for Higher Consumption of biobased plastic alternatives

4.2.2. High Demand for Biopolymer & bioplastics in Automotive Sector worldwide to reduce carbon footprint

4.2.3. Drivers Impact Analysis

4.3. Restraint

4.3.1. Restraint 1

4.3.2. Restraints Impact Analysis

4.4. Opportunities

4.4.1. Increasing demand for biopolymer fabrics

4.5. Challenges/Trends

4.5.1. Challenge 1

5. MARKET FACTOR ANALYSIS

5.1. Supply Chain Analysis

5.1.1. Raw Material Suppliers

5.1.1.1. List of Feedstock Suppliers

5.1.1.2. Feedstock Availability & Pricing Overview

5.1.2. Biopolymer & bioplastics Manufacturers

5.1.2.1. Manufacturing Landscape/Process Innovations

5.1.3. Distribution & Sales Channel

5.1.4. End Users

5.1.4.1. List of Potential End Users, by Region

5.1.4.2. Consumer Purchase Behavior Analysis

5.2. Porter’s Five Forces Model

5.2.1. Bargaining Power of Suppliers

5.2.2. Bargaining Power of Buyers

5.2.3. Threat of New Entrants

5.2.4. Threat of Substitutes

5.2.5. Intensity of Rivalry

5.3. Price Overview from 2019 to 2021 (USD/Ton)

5.3.1. Pricing Projections, 2022 – 2030 (USD/Ton)

5.3.2. Factors Influencing Prices

5.4. Regulatory Framework

5.4.1. Standards & Compliances

5.5. Impact of Covid-19 on the Global Biopolymer & bioplastics Market

5.5.1. Production Scenario

5.5.2. Impact of COVID 19 on the Supply Chain of Biopolymer & bioplastics Market

5.5.2.1. Raw Material Supply

5.5.2.2. Manufacturing

5.5.2.3. Sales & Distribution

5.5.2.4. End Use Industry

6. GLOBAL BIOPOLYMER & BIOPLASTICS MARKET, BY TYPE (VOLUME & VALUE)

6.1. Introduction

6.2. Biodegradable

6.2.1. Market Estimates & Forecasts, 2019-2030

6.2.2. PLA

6.2.2.1. Market Estimates & Forecasts, 2019-2030

6.2.3. Starch Blends

6.2.3.1. Market Estimates & Forecasts, 2019-2030

6.2.4. PHA

6.2.4.1. Market Estimates & Forecasts, 2019-2030

6.2.5. PBS

6.2.5.1. Market Estimates & Forecasts, 2019-2030

6.2.6. PCL

6.2.6.1. Market Estimates & Forecasts, 2019-2030

6.2.7. PBAT

6.2.7.1. Market Estimates & Forecasts, 2019-2030

6.2.8. Others

6.2.8.1. Market Estimates & Forecasts, 2019-2030

6.3. Non-Biodegradable

6.3.1. Market Estimates & Forecasts, 2019-2030

6.3.2. Bio-PET

6.3.2.1. Market Estimates & Forecasts, 2019-2030

6.3.3. Bio-PABIO-PE

6.3.3.1. Market Estimates & Forecasts, 2019-2030

6.3.4. Bio-PTT

6.3.4.1. Market Estimates & Forecasts, 2019-2030

6.3.5. Bio-PP

6.3.5.1. Market Estimates & Forecasts, 2019-2030

6.3.6. Bio-PEF

6.3.6.1. Market Estimates & Forecasts, 2019-2030

6.3.7. Others

6.3.7.1. Market Estimates & Forecasts, 2019-2030

7. GLOBAL BIOPOLYMER & BIOPLASTICS MARKET, BY END USE (VOLUME & VALUE)

7.1. Introduction

7.2. Packaging

7.2.1. Market Estimates & Forecasts, 2019-2030

7.2.2. Rigid

7.2.2.1. Market Estimates & Forecasts, 2019-2030

7.2.3. Flexible

7.2.3.1. Market Estimates & Forecasts, 2019-2030

7.3. Consumer Goods

7.3.1. Market Estimates & Forecasts, 2019-2030

7.3.2. Commercial Electrical Appliances

7.3.2.1. Market Estimates & Forecasts, 2019-2030

7.3.3. Domestic Appliances

7.3.3.1. Market Estimates & Forecasts, 2019-2030

7.4. Textiles

7.4.1. Market Estimates & Forecasts, 2019-2030

7.5. Agriculture & Horticulture

7.5.1. Market Estimates & Forecasts, 2019-2030

7.6. Others

7.6.1. Market Estimates & Forecasts, 2019-2030

8. GLOBAL BIOPOLYMER & BIOPLASTICS MARKET, BY REGION (VOLUME & VALUE)

8.1. Overview

8.2. North America

8.2.1. US

8.2.2. Canada

8.3. Europe

8.3.1. Germany

8.3.2. UK

8.3.3. France

8.3.4. Russia

8.3.5. Spain

8.3.6. Italy

8.3.7. Rest of Europe

8.4. Asia Pacific

8.4.1. China

8.4.2. Japan

8.4.3. India

8.4.4. South Korea

8.4.5. Australia & New Zealand

8.4.6. Rest of Asia Pacific

8.5. Latin America

8.5.1. Brazil

8.5.2. Mexico

8.5.3. Argentina

8.5.4. Rest of Latin America

8.6. Middle East & Africa

8.6.1. Turkey

8.6.2. South Africa

8.6.3. GCC Countries

8.6.4. Rest of Middle East & Africa

9. COMPETITIVE LANDSCAPE

9.1. Market Introduction

9.2. Competitive Dashboard

9.3. Market Share Analysis, 2021 (%)

9.4. Company Market Categorization

9.4.1. Market Leaders

9.4.2. Market Innovators

9.4.3. New Market Entrants

10. COMPANY PROFILES

10.1. BASF SE

10.1.1. Company Overview

10.1.1.1. Company Introduction

10.1.1.2. Established Year and Headquarter

10.1.1.3. Operations Overview

10.1.1.4. Company Presence

10.1.2. Financial Overview

10.1.2.1. Sales/Revenue

10.1.2.2. Business Segment Sales Share

10.1.2.3. Geography Sales Share

10.1.3. Product Offering

10.1.3.1. Product & Band list

10.1.4. Key Developments

10.1.4.1. (Mergers/Acquisitions, Expansion, Investment, Partnership, Collaboration, New Product Launch, etc.)

10.1.5. SWOT Analysis

10.1.5.1. Impactful points focused company business

10.1.6. Key Strategies

10.2. Arkema

10.3. Braskem

10.4. Biome Bioplastics Ltd.

10.5. Covestro AG

10.6. Kaneka Corporation

10.7. Mitsubishi Chemical Corporation

10.8. United Biopolymers

10.9. Plantic Technologies Ltd.

10.10. SKYi Composites

10.11. NatureWorks Inc.

10.12. Others

11. APPENDIX

11.1.1. Discussion Blueprint

NOTE:

This table of content is tentative and subject to change as the research progresses.

ï‚¡ Each of the Top 10 company will be profiled based on the Market Overview, Financials, Application Portfolio, Business Strategies, and Recent Developments parameters.

ï‚¡ Please note: The financial details of the company cannot be provided if the information is not available in the public domain and or from reliable sources.

ï‚¡ * indicate that the availability of the information is limited so MRFR will provide the information on best effort basis

Biopolymers & Bioplastics Market

Bioplastics & biopolymers market is projected to register a CAGR of around 20.7% to reach USD 29,770.31 million by the end of 2030.

Segmentation

By Type Biodegradable (Polylactic Acid (Pla) Starch Blends Polybutylene Adipate Terephthalate (Pbat) Polyhydroxyalkanoate (Pha
By Non-Biodegradable Bio Pe Bio Pa Bio Pet Bio Ptt Others
By End Use Packaging Consumer Goods Automotive & Transportation Textiles Agriculture & Horticulture Others

Key Players

  • BASF SE (Germany)
  • Arkema (France)
  • Braskem (Brazil)
  • Biome Bioplastics Limited (US)
  • Covestro (Germany)
  • Kaneka Corporation (Japan)
  • Mitsubishi Chemical Corporation (Japan)
  • United Biopolymers (US)
  • NatureWorks Inc. (US)
  • Plantic Technologies Limited (Australia)
  • SKYi Composites (India)

Drivers

  • Growing demand for environmental-friendly feedstocks across industries
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Biopolymers & Bioplastics Market Overview


Bioplastics & biopolymers market is projected to register a CAGR of around 20.7% to reach USD 29,770.31 million by the end of 2030.


Biopolymers and bioplastics are fundamental constituents in an array of applications across end-use industries, including automotive, packaging, building & construction, and textiles. The growth in demand for various plastic compounds worldwide has resulted in increased emissions and environmental degradation. This generated an alarming need for bio-based compounds that can be environmental-friendly as well as reflect functionality at various end-use markets.


The prominent factor favoring the growth of the bioplastics & biopolymers market is the growing demand for environmental-friendly feedstocks across industries due to the stringent government regulations, especially in Europe and North America. Various agencies and environmental activists, and associations are increasingly formulating norms to curb the impact of plastic materials on the ecosystem. Agencies such as the US Environmental Protection Agency (US EPA) and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) are increasingly formulating norms to significantly improve global plastic application standards as well as protect the environment.


The rising trend of using bio-based plastics and polymers to sustain the market by aligning to government regulations is driving the market growth. Furthermore, end-use industries are toning up to the adoption of bio-based polymers and plastics instead of commercially available traditional plastics and plastic compounds.


The automotive industry, for instance, has proven to be one of the significant consumers of bio-based plastics and polymers due to the high demand for lightweight materials in manufacturing vehicle components. Vehicle manufacturers are moving toward switching from heavy-metal components to lightweight, durable and sturdy plastic materials. These factors cumulatively are impacting market growth globally.


Highly technologically advanced automobiles are gaining traction in terms of demand, especially across parts of Europe, North America, the Middle East, and Asia-Pacific. Automakers globally are inclined towards utilizing carbon fiber components in high-end cars to provide higher safety features and optimum performance. Increasing demand for heavy-duty plastic components as a replacement for heavy metals, automotive interiors, crankshafts, under-hood components, and exteriors is considered another key attribute driving the demand for bioplastics and biopolymers in the industry globally.


COVID Impact Analysis


The COVID pandemic has reflected the tight distribution of various products across the marketspace. This is primarily due to decreased operating capacities of product formulators across key economies of the world, including countries in Western Europe, North America, and parts of Asia-Pacific. Moreover, biopolymer and bioplastic formulators are facing headwinds due to supply disruptions of key feedstock as well as price fluctuations of materials globally.


Manufacturers of bioplastics & biopolymers are essentially reliant on raw material suppliers worldwide to source key ingredients for product formulations. However, the downfall of demand from end-use markets resulted in a lower supply of feedstock worldwide. Lower distribution of goods and commodities due to strict imposition of nationwide lockdowns have led to lower demand for packaging materials, lower vehicle utilization, reduced transportation and more, resulting in disruption of product supplies globally, thereby impacting demand and growth for a brief period.


The COVID-19 pandemic has, however, impacted a few of the key markets in a manner wherein the growth is tangible to the demand. For instance, from 2019 to mid-2020, household supplies such as toiletries, paper towels, and other essentials increased by around 76%, ordered mostly through e-commerce platforms, followed by packaged food, and child-care products increased at a growth rate of 46% and 45%, respectively. The rise in demand for consumer goods followed by a concurrent increase in packaging solutions to cater to the growing demand led to higher consumption of biopolymers and bioplastics worldwide during the pandemic situation.


Supply Chain Analysis


Supply chain analysis is defined as a process of evaluation of each and every component of industry and step taken by stakeholders involved across the production and distribution of biopolymers and bioplastics. The supply chain includes feedstock suppliers, product manufacturers, final product distributors, and consumers.


Bioplastics are technically thermoplastics formulated from bio-based materials such as seaweed, sugar, and starch. Biopolymers are essential materials that include bioplastics and wool, chitosan, silk, and other allied natural polymers. Bioplastics and biopolymers composed through various processes such as chemical polymerization of monomers, thermal mechanical methods and more are distributed across the respective regional marketspaces through direct or third-party distribution channels.


Demand for bioplastics and biopolymers is at an all-time high from an array of end-use industries due to rapidly evolving markets from pandemics globally. The packaging sector stood to be a critical aspect of the market due to still heavy reliability on e-commerce platforms to score household goods, essentials, and more.


Segmentation


The global mobile emission catalysts market has been segmented on the basis of type, end use, and region. By type, the biopolymers & bioplastics market has been segmented into biodegradable and non-biodegradable (biobased). The biodegradable segment is likely to attain high growth over the coming years due to the high dependency of companies and consumers on environmental-friendly solutions to meet their daily needs.


Non-biodegradable biopolymers and bioplastics currently capture a significant portion of the market. However, changing market attributes such as lifestyle and consumer perspective toward the emerging need for environmental-friendly alternatives are anticipated to shift the paradigm towards biodegradable biopolymers and bioplastics over the foreseeable future.


Global Biopolymer & Bioplastic Market Revenue, by End Use, 2020 (USD Million)
Biopolymer & Bioplastic Market Revenue, by End Use, 2020 (USD Million)
Sources: MRFR Analysis


Based on the end use, the biopolymers & bioplastics market has been broadly categorized into packaging, automotive & transportation, consumer goods, textiles, agriculture & horticulture, and others. Increasing dependency on e-commerce platforms by residents worldwide is anticipated to pave the way for higher demand for bioplastics and biopolymer-based packaging solutions, including rigid packaging and flexible packaging.


Global Biopolymers & Bioplastics Market Share, by Region, 2020 (%)
Global Biopolymers & Bioplastics Market Share, by Region, 2020 (%)
Sources: MRFR Analysis


Regional Analysis


The global biopolymers & bioplastics market has been studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific accounted for more than 40% of the global market share in 2020. Asia-Pacific is a major hub for plastic and plastic compound manufacturers globally with the intervention of several key industry participants in the native marketspace. Some of the major companies operating in the region include SKYi Composites, BASF SE, Advanced Bioplastic Company, United Biopolymers, Covestro, BioLogiQ, and Mitsubishi Chemical Corporation.


Furthermore, the market is noted to advance across North America and Europe due to the presence of multinational companies in the region, which are observed to be investing heavily in R&D to formulate high-grade durable as well as economical bio-based plastic products. Companies such as Kaneka Corporation and Covestro have been establishing patented processes to produce biopolymers and bioplastic products for the native markets.


Increasing government intervention, such as the presence of US EPA and REACH are further boosting the market growth in advanced economies of Europe and North America. Manufacturers are aligning their businesses to formulated government regulations to establish sustainable businesses in the regions and gain more market share.


Key Players


Key players operating in the global biopolymers & bioplastics market include BASF SE (Germany), Arkema (France), Braskem (Brazil), Biome Bioplastics Limited (US), Covestro (Germany), Kaneka Corporation (Japan), Mitsubishi Chemical Corporation (Japan), United Biopolymers (US), NatureWorks Inc. (US), Plantic Technologies Limited (Australia), and SKYi Composites (India).


BASF SE, Kaneka Corporation, and Arkema are the prominent players operating in the global biopolymer & bioplastics market. These players account for a major share of the global market space due to their wide product portfolio, overall industry experience, global revenue generation base, and worldwide distribution network.


Key players operating in the global market adopt strategic initiatives such as partnerships, product launches, and capacity expansion in the global market space. For instance, Total Corbian expanded its polylactic acid (PLA) capacity in Thailand by 75,000 tons per annum in 2019. These initiatives are projected to drive the market over the coming years.


Market Segmentation


Global Biopolymers & Bioplastics Market, by Type



  • Biodegradable

    • PLA

    • Starch Blends

    • PHA

    • PBS

    • PCL

    • PBAT

    • Others



  • Non-Biodegradable

    • BIO-PET

    • BIO-PABIO-PE

    • BIO-PTT

    • BIO-PP

    • BIO-PEF

    • Others




Global Biopolymers & Bioplastics Market, by End Use



  • Automotive & Transportation

  • Packaging

    • Rigid

    • Flexible



  • Consumer Goods

    • Commercial Electrical Appliances

    • Domestic Appliances



  • Textiles

  • Agriculture & Horticulture

  • Others


Global Biopolymers & Bioplastics Market, by Region



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • UK

    • Russia

    • France

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia & New Zealand

    • Rest of Asia-Pacific



  • Latin America

    • Mexico

    • Brazil

    • Argentina

    • Rest of Latin America



  • Middle East & Africa

    • GCC Countries

    • South Africa

    • Rest of the Middle East & Africa




Available Additional Customizations



  • Customer Analysis of Major Consumers

  • Additional Company Profiles

  • Trade Data (Imports and Exports)


Intended Audience



  • Biopolymer & bioplastic manufacturers

  • Suppliers and traders of biopolymer & bioplastic and related products

  • Government, associations, and industrial associations

  • Investors and trade experts

  • Consulting with chemical experts



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