Please Wait.....
Report
Bioplastics - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
Market Report I 2024-02-17 I 190 Pages I Mordor Intelligence
The Bioplastics Market size is estimated at 2.09 Million tons in 2024, and is expected to reach 4.63 Million tons by 2029, growing at a CAGR of 17.25% during the forecast period (2024-2029).
Due to the COVID-19 outbreak, nationwide lockdowns around the globe disrupted manufacturing activities and supply chains, and production halts impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory during the forecast period.
Key Highlights
-A significant factor driving the market studied is the environmental issues encouraging a paradigm shift to promote bioplastics. Additionally, the growing demand for packaging will likely favor the market's growth.
-However, the cheaper alternatives availability is likely to hamper the market's growth.
-Growing use in the electronics industry will likely provide new growth opportunities for the market.
-Europe accounts for the highest market share and is expected to dominate the market during the forecast period.
Bioplastics Market Trends
Flexible Packaging is Expected to Dominate the Market
- Bioplastics are used in flexible packaging as they are not harmful to nature and are easily degradable.
- They are used in packaging films for food items, medicines, beverage bottles, and packaging films. It is also used in packaging non-food products, such as napkins and tissues, toilet paper, nappies, sanitary towels, cardboard and coat paper for food wrapping paper, and coated cardboard to make cups and plates. Moreover, they are used in flexible and loose-fill packaging.
- Bioplastics made of cornstarch have applications in flexible and loose-fill packaging.
- Polylactic acid (PLA) is used mainly in packaging food items, while bio polyethylene terephthalate (PET), bio polyethylene, and bio polypropylene are majorly used as packaging films.
- According to Packmedia, in 2021, the world market for flexible converter packaging was estimated at USD 102 billion, up 8% from the previous year.
- According to Packmedia, the United States and Central and East Asia each share 28% of the market. At the European level, growth is around +6.4% for sales and +1.6% in volume. Growth prospects for 2022, again at the European level, are 2.9% and 2%, respectively.
- The global packaging industry is growing. Asia-Pacific includes the most significant manufacturing capacity for bioplastics, i.e., 45%. Moreover, the increasing awareness among consumers and the government's strict ban in countries like China, India, and Japan have promoted bioplastic consumption in the region.
- Thus, the abovementioned factors are expected to impact the market during the forecast period positively.
Europe to Dominate the Market
- Europe dominated the overall bioplastics market, with most of the demand coming from Germany, France, Italy, and the United Kingdom.
- Germany's food and beverage industry are characterized by its small and medium-sized enterprise sector of over 6,000 companies. The revenue in the food and beverage market was estimated at USD 3,222 million in 2021. The market is expected to grow annually by 6.83% during the forecast period, driving the country's flexible and rigid packaging industry and bioplastic consumption.
- According to the Federal Statistical Office, the Gross domestic product (GDP) from agriculture in Germany increased to EUR 7.64 billion (~USD 8.88 billion) in the fourth quarter of 2021 from EUR 7.41 billion (~USD 8.61 billion) in the third quarter of 2021.
- France is home to the largest agricultural sector in Europe. It is among the top producers in the global agriculture market and produces sugar beets, wine, milk, beef and veal, cereals, and oilseeds. However, the country experienced severe droughts. According to France's main agricultural trade union, FNSEA, 14,000 farms out of 440,000 filed compensation claims following the extreme heat and lack of rain that ravaged France during the spring and summer.
- In 2021, France produced about 13,51,308 units of vehicles, which increased by 3% in comparison to 2020.
- Italy's packaging industry is one of the largest in the world. There are nearly 7,000 significant and minor packaging companies active in the country. The growing importance of supermarket retailing and the changing consumer purchasing habits are increasing the packaging demand in the country. Besides, exports are adding to the need for packaging materials.
- The total production of automobiles in the first three quarters of 2021, Italy's automotive production increased by 20% over Q1-Q3 of 2020 and reached 600,586 vehicles. Moreover, the overall vehicle production in 2021 came to about 795,856 units, which increased by 2% compared to 2020, with a volume of about 777,165. The growing popularity of electric vehicles is expected to support the overall industry growth in the upcoming future.
- The United Kingdom is the fourth-largest consumer of plastics in Europe. The country is identified as one of the most innovative and advanced countries in terms of developing advanced and modified plastics. However, the country is focusing on bioplastics due to the increasing awareness about the environmental impact of petroleum-based non-biodegradable plastics.
- The United Kingdom is the largest European market for high-end consumer electronics products, with about 18,000 UK-based electronics companies. According to the Department for International Trade, the electronics sector in the United Kingdom is worth around GBP 16 billion (~USD 21.86 billion) yearly to the local economy.
- Hence, the market scenario in the region is expected to boost the demand for bioplastics throughout the forecast period.
Bioplastics Industry Overview
The bioplastics market is fragmented. Some of the key players in the market (not in any particular order) include Braskem, Novamont SpA, NatureWorks LLC, Indorama Ventures Public Company Limited, and Total Corbion PLA.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Environmental Factors Encouraging a Paradigm Shift
4.1.2 Growing Demand for Bioplastics in Packaging
4.2 Restraints
4.2.1 Availability of Cheaper Alternatives
4.3 Industry Value Chain
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Degree of Competition
4.5 Patent Analysis
5 MARKET SEGMENTATION (Market Size in Volume)
5.1 Type
5.1.1 Bio-based Biodegradables
5.1.1.1 Starch-based
5.1.1.2 Polylactic Acid (PLA)
5.1.1.3 Polyhydroxy Alkanoates (PHA)
5.1.1.4 Polyesters (PBS, PBAT, and PCL)
5.1.1.5 Other Bio-based Biodegradables
5.1.2 Bio-based Non-biodegradables
5.1.2.1 Bio Polyethylene Terephthalate (PET)
5.1.2.2 Bio Polyethylene
5.1.2.3 Bio Polyamides
5.1.2.4 Bio Polytrimethylene Terephthalate
5.1.2.5 Other Non-biodegradables
5.2 Application
5.2.1 Flexible Packaging
5.2.2 Rigid Packaging
5.2.3 Automotive and Assembly Operations
5.2.4 Agriculture and Horticulture
5.2.5 Construction
5.2.6 Textiles
5.2.7 Electrical and Electronics
5.2.8 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles (Overview, Financials**, Products and Services, and Recent Developments)
6.4.1 Trinseo
6.4.2 Arkema
6.4.3 BASF SE
6.4.4 BIOTEC
6.4.5 Braskem
6.4.6 Danimer Scientific
6.4.7 Rodenburg Biopolymers
6.4.8 Futerro
6.4.9 Indorama Ventures Public Company Limited
6.4.10 Minima
6.4.11 Natureworks LLC
6.4.12 Novamont SpA
6.4.13 Total Corbion PLA
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Use in the Electronics Industry
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security