Bioplastics & Biopolymers Market | Covid-19 Impact Analysis

Bioplastics & Biopolymers Market Insights

Bioplastics & Biopolymers Market is likely to witness an impressive CAGR of 21.2% during the forecast period. The prime factors contributing to the demand for bioplastics & biopolymers are their increasing demand from the packaging industry and governments’ efforts to promote bio-products by regulating stringent rules citing the environmental concerns.

Market Share Analysis

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Bioplastics & Biopolymers Market Share: By Type

Based on the type, the bioplastics & biopolymers market is segmented as non-biodegradable/bio-based and biodegradable. The bio-based segment is expected to register the larger share of the market, during the forecast period, driven by the increasing environmental concerns and stringent rules by the government to encourage the use of bio-based bioplastics.

Bioplastics & Biopolymers Market Share: By End-Use Industry Type

Based on the end-use industry type, the market is segmented as packaging, consumer goods, automotive & transportation, textiles, agriculture & horticulture, and others. The packaging industry is expected to occupy the largest share of the market, during the forecast period, owing to the increasing demand to replace conventional plastics in the packaging industry to address environmental concerns.

Bioplastics & Biopolymers Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the fastest-growing bioplastics & biopolymers market during the forecast period. Increasing population, purchasing power, and increasing preference of customers towards eco-friendly plastic products generate huge demand for bioplastics & biopolymers in the region, which is driving the growth of the region’s market.

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Some of the major players in the bioplastics & biopolymers market are-

• NatureWorks
• Braskem
• BASF
• Total Corbion
• Novamont
• Biome Bioplastics
• Mitsubishi Chemical Holding Corporation
• Biotec
• Toray Industries
• Plantic Technologies

Market Scope & Segmentation

Plastic materials produced from renewable biomass sources are known as bioplastics. They are generally made up of corn starch, straw, woodchips, sawdust, vegetable fats and oils, and recycled food waste and have vast applications in the packaging industry.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The bioplastics & biopolymers market is segmented into the following categories.

Bioplastics & Biopolymers Market Size, Share, & Forecast, by Type:

• Non-Biodegradable/Bio-Based
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Type Analysis: BIO-PET, BIO-PA, BIO-PE, BIO-PTT, and Others)
• Biodegradable
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Type Analysis: PLA, Starch Blends, PHA, PBS, and Others)

Bioplastics & Biopolymers Market Size, Share, & Forecast, by End-Use Industry Type:

• Packaging
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Rigid Packaging and Flexible Packaging)
• Consumer Goods
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Electrical Appliances, Domestic Appliances, and Others)
• Automotive & Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Textile
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Medical & Healthcare Textiles; Personal Care, Clothes, and Other Textiles)
• Agriculture & Horticulture
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Tapes & Mulch Films and Others)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bioplastics & Biopolymers Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types and by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].