Global 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 2026.

Report Code: PMI428320 | Publish Date: December 2023 | No. of Pages: 143

Global Bioplastics & Biopolymers Market Overview

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.

Global Bioplastics & Biopolymers Market Dynamics

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.

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Global Bioplastics & Biopolymers Market Segmentation

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

On the basis of type, the global 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 global 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.

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Report Scope:

Attribute

Details

Base year for estimation

2018

Forecast period

2018 – 2026

Market representation

Revenue in USD Million & CAGR from 2018 – 2026

Market Segmentation

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

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

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 2019 to 2026. For the purpose of this study, has segmented the global Bioplastics & Biopolymers market report based on type, end-user industry, and region.

Global Bioplastics & Biopolymers Market, By Type:

  • Non-Biodegradable
  • Bio-PET
  • Bio-PE
  • Others
  • Biodegradable
  • PLA
  • PHA
  • Starch Blends
  • Biodegradable Polyster
  • Others

 Global Bioplastics & Biopolymers Market, By End-user Industry:

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

Global Bioplastics & Biopolymers Market, By Region:

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

Global Bioplastics & Biopolymers Market Key Players

The key players operating the global 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 global bioplastics & biopolymers market.

Global Bioplastics & Biopolymers Market Company Profile

  • 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

Global Bioplastics & Biopolymers Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Biodegradable
    • Market Snippet, By End-user Industry
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Bioplastics & Biopolymers Market, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Non-Biodegradable
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Bio-PET
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Bio-PE
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Bioplastics & Biopolymers Market, By Biodegradable, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • PLA 
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • PHA
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Starch Blends
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Biodegradable Polyster
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Bioplastics & Biopolymers Market, By End-user Industry, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Packaging 
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Consumer Goods
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Automotive & Transportation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Agriculture
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Textile
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Bioplastics & Biopolymers Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user Industry , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • NatureWorks LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BASF SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Braskem S.A
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Total Corbion PLA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Arkema S.A
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Eastman Chemical Company  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mitsubishi Chemical Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Biome Bioplastics Limited.  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Novamont S.p.A   
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Plantic Technologies Limited 
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The bioplastics & biopolymers market accounted for US$ 11.6 billion in 2022 and is estimated to be 49.3 billion by 2032 and is anticipated to register a CAGR of 15.6%.

The scope of the Bioplastics & Biopolymers Market is segmented into Type, Application, and Region.

Factors driving the Bioplastics & Biopolymers Market include increasing awareness of environmental sustainability, government regulations promoting eco-friendly materials, and a growing shift toward renewable resources in the plastics industry.

large-scale production, limited feedstock availability, and higher production costs act as restraints to the Bioplastics & Biopolymers Market globally.

North America, Europe, Asia-Pacific, and Latin America. Europe is anticipated to dominate the Bioplastics & Biopolymers Market, driven by strong government support, environmental awareness, and stringent regulations promoting sustainable practices in the region.

The prominent player operating in the global bioplastics & biopolymers market includes 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.