Asia Pacific Biodegradable Plastic Market to 2027 - Regional Analysis and Forecasts by Type (PLA, PHA, Starch Blends, PBS, PBAT, and Others), End User (Packaging and Bags, Agriculture & Horticulture, Consumer Goods, and Others), and Countries
Publication Month: Oct 2019
Report Code: TIPRE00006942 No. of Pages: 150 Category: Chemicals and Materials Status: Published
The Asia Pacific biodegradable plastic market is accounted to US$ 731.0 Mn in 2018 and is expected to grow at a CAGR of 16.6% during the forecast period 2019 – 2027, to account to US$ 2,916.1 Mn by 2027.
China is dominating the Asia Pacific biodegradable plastic market followed by Japan. The market for biodegradable plastic is growing in China due to rising concerns from consumers over the impact plastic products have on the environment. The rising concerns over plastic use may lead to regulators banning single-use, non-biodegradable plastics such as cutlery and packaging in the country. Chinese plastic manufacturers are responsible for the highest share of global plastic production are now looking to develop more biodegradable plastic products.
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Market Insights
Growing awareness of the adverse effects attributed to conventional plastics
The customers in developed and developing countries have become more aware of the ill effects of conventional plastics on their lifestyle and the environment. Various organizations are working toward bringing transformation in the handling of plastics, through strategic planning, communication, consumer awareness campaigns, documentary films, education, cleanup campaigns, raising business awareness, scientific research, entrepreneurial innovation, legislation, and sustainability. The key aim is to increase the understanding of users regarding plastic pollution, thereby encouraging the invention of more sustainable solutions, and empowerment of more people and business organizations to take action to stop plastic pollution. Therefore, the revolution in consumer demand on the basis of environmental awareness, packaging convenience, and sustainable plastic production systems is boosting the global biodegradable plastic market growth.
Type Insights
Based on type, the Asia Pacific biodegradable plastic market is bifurcated as PHA, PLA, starch blends, biodegradable polyesters and others. The starch blend segment dominated the Asia Pacific biodegradable plastic market. The starch blend polymer bio-blends are biodegradable polymeric materials which are composed of cellulosic-based biomaterials that can be degraded by enzymes and microorganisms. The combination of starch and polyolefin produces a single material carrying the biodegradation properties of starch with the thermal, mechanical and barrier properties of polyolefin. Starch has been receiving increasing attention as raw material for the manufacturing of films due to the lack of the availability of the conventional film-forming resins. The low permeability of starch films has made it an element of choice for the food packaging application
End User Insights
The Asia Pacific Biodegradable plastic market is bifurcated based on end user into packaging and bags, agriculture and horticulture, consumer goods, textile and others. The packaging and bags segment accounted for the largest share in the Asia Pacific biodegradable plastic market. The biodegradable plastics have found a profound place in the packaging and bags sector considering the growing demand for biodegradable plastic from the packaging sector due to its properties like being stronger and convenient to use as compared to the traditional plastics. Rigid packaging is implemented by manufacturers of cosmetic goods, as well as beverage bottles, among others. Materials including bio-PE, PLA, or bio-PET, are commonly used in rigid biodegradable plastic packaging.
Rest of Asia Pacific Biodegradable Plastic Market by Type
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Strategic Insights
New product development, market initiatives and merger and acquisition were observed as the most adopted strategies in Asia Pacific biodegradable plastic market. Few of the recent developments in the Asia Pacific Biodegradable plastic market are listed below:
2019: Total Corbion PLA opened its bio plastics plant in Rayong, Thailand. It has the production capacity of 75,000 tons/year
2018: BASF SE started a pilot project, namely Ecovio Plus, in Kalyani, West Bengal (India) to promote the organic waste carrier bags made up of biodegradable plastics, Ecovio.
2018: Mitsubishi Chemical Corporation announced that Japan Pulp and Paper Co., Ltd. would start selling their paper cups made up of Biodegradable plastic products, BioPBS.
ASIA PACIFIC BIODEGRADABLE PLASTIC MARKET SEGMENTATION
By Type
- PHA
- PLA
- Starch Blends
- Biodegradable Polyesters
- Others
By End User
- Packaging and Bags
- Agriculture and Horticulture
- Consumer Goods
- Textile
- Others
By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Company Profiles
- API SpA
- BASF S.E.
- FKuR Kunststoff GmbH
- Balson Industries
- Novamont S.p.A.
- Kingfa Sci. & Tech. Co., Ltd.
- GuangDong Huazhilu Biological Material Co., Ltd.
- Mitsubishi Chemical Corporation
- Plantic Technologies Limited
- Total Corbion PLA
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Biodegradable Plastic Market – By Type
1.3.2 Asia Pacific Biodegradable Plastic Market – By End-User
1.3.3 Asia Pacific Biodegradable Plastic Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Biodegradable Plastic Market Landscape
4.1 Market Overview
4.1.1 APAC PEST Analysis
5. Biodegradable Plastic Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing awareness of the adverse effects attributed to conventional plastics
5.1.2 Clean up efforts taken up by various Asian governments
5.2 Restraints
5.2.1 Cheaper alternatives like conventional plastics
5.3 Opportunity
5.3.1 Implementation of biodegradable plastics in biomedical applications
5.4 Future trends
5.4.1 Implementation of biodegradable plastic in biomedical applications
5.5 Impact Analysis of Drivers and Restraints
6. Biodegradable Plastic – Asia Pacific Market Analysis
6.1 Asia Pacific Biodegradable Plastic Market Overview
6.2 Asia Pacific Biodegradable Plastic Market Forecast and Analysis
7. Asia Pacific Biodegradable Plastic Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Biodegradable Plastic Market Breakdown, By Type, 2018 & 2027
7.3 PHA
7.3.1 Overview
7.3.2 Asia Pacific PHA Market Revenue Forecasts To 2027 (US$ Mn)
7.4 PLA
7.4.1 Overview
7.4.2 Asia Pacific PLA Market Revenue and Forecasts To 2027 (US$ Mn)
7.5 Starch Blends
7.5.1 Overview
7.5.2 Asia Pacific Starch Blends Market Revenue and Forecasts To 2027 (US$ Mn)
7.6 PBS
7.6.1 Overview
7.6.2 Asia Pacific PBS Market Revenue and Forecasts To 2027 (US$ Mn)
7.7 PBAT
7.7.1 Overview
7.7.2 Asia Pacific PBAT Market Revenue and Forecasts To 2027 (US$ Mn)
7.8 Other
7.8.1 Overview
7.8.2 Asia Pacific Other Types Market Revenue and Forecasts To 2027 (US$ Mn)
8. Asia Pacific Biodegradable Plastic Market Analysis – By End-User
8.1 Overview
8.2 Asia Pacific Biodegradable Plastic Market Breakdown, By end-user, 2018 & 2027
8.3 Packaging & Bags
8.3.1 Overview
8.3.2 Asia Pacific Packaging & Bags Market Revenue and Forecasts To 2027 (US$ Mn)
8.4 Agriculture & Horticulture
8.4.1 Overview
8.4.2 Asia Pacific Agriculture & Horticulture Market Revenue and Forecasts To 2027 (US$ Mn)
8.5 Consumer Goods
8.5.1 Overview
8.5.2 Asia Pacific Consumer Goods Market Revenue and Forecasts To 2027 (US$ Mn)
8.6 Other
8.6.1 Overview
8.6.2 Asia Pacific Other End-Users Market Revenue and Forecasts To 2027 (US$ Mn)
9. Biodegradable Plastic Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific Biodegradable Plastic Market Breakdown, by Key Countries
9.1.1.1 Australia Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
9.1.1.1.1 Australia Biodegradable Plastic Market Breakdown by Type
9.1.1.1.2 Australia Biodegradable Plastic Market Breakdown by End User
9.1.1.2 China Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.2.1 China Biodegradable Plastic Market Breakdown by Type
9.1.1.2.2 China Biodegradable Plastic Market Breakdown by End User
9.1.1.3 India Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.3.1 India Biodegradable Plastic Market Breakdown by Type
9.1.1.3.2 India Biodegradable Plastic Market Breakdown by End User
9.1.1.4 Japan Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.4.1 Japan Biodegradable Plastic Market Breakdown by Type
9.1.1.4.2 Japan Biodegradable Plastic Market Breakdown by End User
9.1.1.5 South Korea Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.5.1 South Korea Biodegradable Plastic Market Breakdown by Type
9.1.1.5.2 South Korea Biodegradable Plastic Market Breakdown by End User
9.1.1.6 Rest of Asia Pacific Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.6.1 Rest of Asia Pacific Biodegradable Plastic Market Breakdown by Type
9.1.1.6.2 Rest of Asia Pacific Biodegradable Plastic Market Breakdown by End User
10. Industry Landscape
10.1 Overview
10.2 Strategy And Business Planning
11. Company Profiles
11.1 API SpA
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 BASF S.E.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 FKuR Kunststoff GmbH
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Balson Industries
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 Novamont S.p.A.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 Kingfa Sci. & Tech. Co., Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.7 GuangDong Huazhilu Biological Material Co., Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.8 Mitsubishi Chemical Corporation
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Plantic Technologies Limited
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Total Corbion PLA
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Asia Pacific Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Asia Pacific Biodegradable Plastic Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 3. Asia Pacific Biodegradable Plastic Market Revenue and Forecasts to 2027 – By End-User (US$ Mn)
Table 4. Australia Biodegradable Plastic market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 5. Australia Biodegradable Plastic Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
Table 6. China Biodegradable Plastic Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 7. China Biodegradable Plastic Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
Table 8. India Biodegradable Plastic Market Revenue and Forecasts to 2027 – By TYPE (US$ Mn)
Table 9. India Biodegradable Plastic Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
Table 10. Japan Biodegradable Plastic Market Revenue and Forecasts to 2027 – By TYPE (US$ Mn)
Table 11. Japan Biodegradable Plastic Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
Table 12. South Korea Biodegradable Plastic market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 13. South Korea Biodegradable Plastic Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
Table 14. Rest of Asia Pacific Biodegradable Plastic market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 15. Rest of Asia Pacific Biodegradable Plastic Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
Table 16. Glossary of Terms, Biodegradable plastic Market
LIST OF FIGURES
Figure 1. Asia Pacific Biodegradable Plastic Market Segmentations
Figure 2. Asia Pacific Biodegradable Plastic Market Segmentation – By Country
Figure 3. Asia Pacific Biodegradable Plastic Market Overview
Figure 4. PACKAGING & BAGS HELD LARGEST SHARE IN THE ASIA PACIFIC BIODEGRADABLE PLASTIC MARKET BY END-USER
Figure 5. China Dominated The Asia Pacific Biodegradable Plastic Market In 2018
Figure 6. Asia Pacific Biodegradable Plastic Market, Industry Landscape
Figure 7. APAC – Pest Analysis
Figure 8. Asia Pacific Biodegradable Plastic Market Impact Analysis of Driver and Restraints
Figure 9. Asia Pacific Biodegradable Plastic Market Forecast And Analysis, (US$ Mn)
Figure 10. Asia Pacific Biodegradable Plastic Market Breakdown by Type, 2018 & 2027 (%)
Figure 11. Asia Pacific PHA Market Revenue Forecasts To 2027 (US$ Mn)
Figure 12. Asia Pacific PLA Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 13. Asia Pacific Starch Blends Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 14. Asia Pacific PBS Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 15. Asia Pacific PBAT Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 16. Asia Pacific Other Types Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 17. Asia Pacific Biodegradable Plastic Market Breakdown by End-User, 2018 & 2027 (%)
Figure 18. Asia Pacific Packaging & Bags Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 19. Asia Pacific Agriculture & Horticulture Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 20. Asia Pacific Consumer Goods Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 21. Asia Pacific Other End-Users Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 22. Asia Pacific Biodegradable Plastic market Breakdown by Key Countries, 2018 & 2027(%)
Figure 23. Australia Biodegradable Plastic market Forecasts to 2027 (US$ MN)
Figure 24. China Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
Figure 25. India Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
Figure 26. Japan Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
Figure 27. South Korea Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
Figure 28. Rest of Asia Pacific Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
The List of Companies
- API SpA
- BASF S.E
- FKuR Kunststoff GmbH
- Balson Industries
- Novamont S.p.A.
- Kingfa Sci. & Tech. Co., Ltd
- GuangDong Huazhilu Biological Material Co., Ltd
- Mitsubishi Chemical Corporation
- Plantic Technologies Limited
- Total Corbion PLA
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Biodegradable Plastic market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.