Global Bio-Plastics Market, By Product Type (Biodegradable, Non-Biodegradable), End User (Rigid Packaging, Flexible Packaging, Textile, Agriculture and Horticulture, Consumer Goods, Automotive, Electronics, Building and Construction, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Bio-Plastics Market
The bio-plastics market size is expected to grow at a compound annual growth rate of 14.22% for the forecast period of 2021 to 2028. Data Bridge Market Research report on bio-plastics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Bio-plastics are the type of plastic materials which are produced from renewable biomass sources, such as corn starch, vegetable fats and oils, straw, woodchips, sawdust and recycled food waste. These plastics can also be made from agricultural by-products and also from used plastics by using microorganisms.
The bio-plastics market is expected to rise in demand due to the rapid shift in consumer preference toward eco-friendly plastic products. The increase in use of bio-plastics in the packaging end-use industry is also projected to flourish the growth of the bio-plastics in the forecast period of 2021 to 2028. The rise in waste management regulations in Europe as well as high investments in research and development in the bio-plastics sector are also anticipated to boost the demand of the bio-plastics market owing to the above mentioned reasons and is also is projected to grow substantially during the forecast period. Furthermore, the rapid increase in population and urbanization associated with the rise in awareness regarding health-issues in emerging economies are also expected to push the growth of the bio-plastics market in the above mentioned forecast period.
The major factor which is expected to actively drive the demand of bio-plastics market is the rapid increased focus on bio-based content over biodegradability and rise in focus of governments on green procurement policies and regulations. Likewise, the rapid development of new applications and rise in regulations on the use of conventional plastics owing to environmental pollution will further offer various growth opportunities for the growth of bio-plastics market over the forecast period of 2021 to 2028.
However, the high prices of bio-plastics when compared to other conventional plastics and the various performance issues of bio-plastics are expected to impede the growth of the bio-plastics market in the above mentioned forecast period, whereas the limited regulations related to bio-plastics in developing countries and segregation and processing of bio-plastics can challenge the growth of the bio-plastics market.
This bio-plastics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the bio-plastics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bio-Plastics Market Scope and Market Size
The bio-plastics market is segmented on the basis of product type and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the bio-plastics market is segmented into biodegradable and non-biodegradable. Biodegradable has further been segmented into polylactic acid, starch blends, polybutylene adipate terephthalate (PBAT), polybutylene succinate (PBS) and others. Non-biodegradable has further been segmented into polyethylene, polyethylene terephthalate, polyamide, polytrimethylene terephthalate and others.
- The end user segment for bio-plastics market is segmented into rigid packaging, flexible packaging, textile, agriculture and horticulture, consumer goods, automotive, electronics, building and construction and others.
Bio-Plastics Market Country Level Analysis
The bio-plastics market is analyzed and market size, volume information is provided by country, product type and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe leads the bio-plastics market because of the strong presence of strict governmental laws pertaining to single-use plastics, increase in environmental concerns and rise in R&D investments by private as well as public organizations. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the high demand from the packaging industry in emerging countries, such as Canada, U.S. and Mexico as well as the rise in environmental concerns.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bio-Plastics Market Share Analysis
The bio-plastics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the bio-plastics market.
The major players covered in the bio-plastics market report are Danimer Scientific, Novamont S.p.A, Total, Plantic, Braskem, Corbion NV, SABIC, Solanyl Biopolymers Inc., BASF SE, NatureWorks LLC, HARBEC, Merck KGaA, Biome Technologies plc, Cardia Bioplastics, DuPont, ADM, Mitsubishi Chemical Corporation, Arkema, Green Dot BIOPLASTICS Inc., and TORAY INDUSTRIES, INC., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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