Bioplastics & Biopolymers Market, By Type (Non-Biodegradable (Bio-PET, Bio-PE, and Others) and Biodegradable (PLA, PHA, Starch Blends, Biodegradable Polyster, and Others)), By End-user Industry (Packaging, Consumer Goods, Automotive & Transportation, Agriculture, Textile, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Bioplastics and Biopolymers are known as a kind of plastics and polymers which are obtained from renewable biomass source such as vegetable oils & fats and starch corn. It is a technology that has an intrinsic network, home automation system, and intelligent control system as its basic components. This technology is fortified with digital devices, home appliances, and other components that are interrelated and are retrieved from a far off location with the help of a smart gadget.

Growing packaging end-use industry leads to an increasing demand for bioplastics & biopolymers

Bioplastics and particularly biodegradable bioplastics, have growing demand to substitute conventional plastics in order to address environmental concerns. Bioplastics use is growing in applications such as bottles, clamshell cartons, films, mulch films, carrier bags, waste collection bags, and food service-ware. Packaging is one of the end-use industries that lead the bioplastics & biopolymers market.

Governments focus on green procurement policies and rules to increase the demand for bioplastics & biopolymers

Increasing need to decrease the dependency on conventional fossil fuels is driving the demand for bio-based products. This is also attributed due to new regulations and policies implemented and undertaken by the government bodies across the globe. These rules and regulations involves banning or implementing additional surcharges on the utilization of conventional plastics in applications, such as packaging materials, shopping bags, and disposables. Further, growing regulations and prohibitions against plastic bags and other plastic items are boosting the market for bioplastics & biopolymers across the globe.

However, high price of bioplastics in comparison to conventional plastics is restraining growth of the target market. Moreover, conventional plastics are better in performance than Bioplastic, thus limiting growth of the target market.

Bioplastics & biopolymers market is segmented based on type, end-user industry, and region.

On the basis of type, the bioplastics & biopolymers market is segmented into non-biodegradable (Bio-PET, Bio-PE, and others) and biodegradable (PLA, PHA, starch blends, biodegradable polyster, and others. Based on end-user Industry, the target market is segmented into packaging, consumer goods, automotive & transportation, agriculture, textile, and others.

Regional Insights:

On region the bioplastics & biopolymers market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe bioplastics & biopolymers market is accounted to lead significant share in the bioplastics & biopolymers market over the forecast period, owing to growing demand for bioplastics in the packaging industry. Increasing demand for plastics in agricultural applications in countries such as UK, Germany, Italy, France, and Russia is anticipated to boost the growth of the global market. Additionally, increasing demand for bioplastics in the automotive industry in the region is expected to withstand opportunities for the producers in the region. The bioplastics & biopolymers market in the Asia Pacific is expected to grow considerably in the coming years, due to growth of the packaging industry in the region. Growing demand for plastics that are biodegradable due to increasing environmental concerns is projected to propel the growth of the Asia Pacific bioplastics & biopolymers market. Furthermore, rising demand for textile industry in the countries in this region is expected to boost the growth of the bioplastics & biopolymers market.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest End-user Industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Bioplastics & Biopolymers market report based on type, end-user industry, and region.

Bioplastics & Biopolymers Market, By Type:

• Non-Biodegradable

• Bio-PET
• Bio-PE
• Others

• Biodegradable

• PLA
• PHA
• Starch Blends
• Biodegradable Polyster
• Others

 Bioplastics & Biopolymers Market, By End-user Industry:

• Packaging
• Consumer Goods
• Automotive & Transportation
• Agriculture
• Textile
• Others

Bioplastics & Biopolymers Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the bioplastics & biopolymers market includes the NatureWorks LLC, BASF SE, Braskem S.A., Total Corbion PLA, Arkema S.A., Eastman Chemical Company, Mitsubishi Chemical Corporation, Biome Bioplastics Limited, Novamont S.p.A., and Plantic Technologies Limited. NatureWorks is amongst the dominating bioplastics & biopolymers manufacturers across the globe. NatureWorks is one of the three largest bioplastics & biopolymers manufacturer. New product launch, expansion, and joint venture are the key strategies undertaken by the company to expand the bioplastics & biopolymers market.

• NatureWorks LLC
  • Company Overview
  • Product Type Portfolio
  • Key Highlights
  • Financial PerEnd-user Industryance
  • Business Strategies

• BASF SE
• Braskem S.A.
• Total Corbion PLA
• Arkema S.A.
• Eastman Chemical Company
• Mitsubishi Chemical Corporation
• Biome Bioplastics Limited
• Novamont S.p.A.
• Plantic Technologies Limited

“*” marked represents similar segmentation in other categories in the respective section