North America Biodegradable Plastic Market to Reach US$ 2,622.4 Mn at a CAGR of 14.00% in 2027 | The Insight Partners

North America Biodegradable Plastic Market to 2027 - Regional Analysis and Forecasts by Type (PHA, PLA, Starch Blends, Biodegradable Polyesters, Others); End User (Packaging and Bags, Agriculture and Horticulture, Consumer Goods, Textile, Others), and Country

Publication Month: Oct 2019 | Report Code: TIPRE00007052 | No. of Pages: 120 | Category: Chemicals and Materials | Status: Published

The North America biodegradable plastic market is accounted to US$ 806.9 Mn in 2018 and is expected to grow at a CAGR of 14.0% during the forecast period 2019 – 2027, to account to US$ 2,622.4 Mn by 2027.

 

U.S. is dominating the North America biodegradable plastic market followed by Canada. The market for biodegradable plastic is growing in U.S. due to increasing concerns by the consumers over the impact plastic products have on the environment. The manufacturers have come up with several innovations in the case of plastics to turn it up into greener products. The development of bioresin as an environmentally friendly substitute to polyurethane-based plastic is considered to be one of the important transformations towards the green future. New York City has also supported the bans on no-biodegradable plastics by imposing strict guidelines for recycling plastic bags. Also, cities like Boston and Phoenix, have started charging fees or banning bags below a certain level of thickness. Apart from this, the other cities which have banned the use of plastic bags in U.S. are Chicago Seattle, Los Angeles, Austin and San Francisco, Washington, Brownsville, and Portland.

 

Exhibit: North America Biodegradable Plastic Market


 

Market Insights

Growing awareness of the adverse effects attributed to conventional plastics

The customers in developed and developing countries have been notified of the ill effects of conventional plastics on their lifestyle and the environment. As a result, they demand more environmentally friendly products, which leads to a depreciation in the use of crude oil and natural gas, that results in the reduction carbon footprints. The biodegradable plastics are amalgamated using renewable resources as well as fossil raw materials, such as cellulose ester, PLA, PHA, starch derivatives, and copolyesters (PBS, PBAT, etc.). Various organizations are engaged in bringing transformation in the handling of plastics, through strategic planning, communication, consumer awareness campaigns, documentary films, education, clean up campaigns, raising business awareness, scientific research, entrepreneurial innovation, legislation, and sustainability.

 

Type Insights

Based on type, the North America biodegradable plastic market is bifurcated as PHA, PLA, starch blends, biodegradable polyesters and others. The starch blend segment dominated the North America 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 mixture of starch and polyolefin produces a single material carrying the biodegradation properties of starch with the thermal, mechanical and barrier properties of polyolefin. The common starches that are used are rice starch, sago and tapioca starch, whereas the polyolefin used are polypropylene and polyethylene. Starch is a naturally occurring polymer that is found in plants such as corn, rice and potatoes in the form of water-insoluble granules and has been receiving growing attention as raw material for the production of films due to the lack of the availability of the conventional film-forming resins.

                                                                       

End User Insights

The North America 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 North America biodegradable plastic market. The adoption of PLA, being a potentially recyclable material, is gaining an upsurge for the biodegradable plastic rigid packaging market. Flexible packaging solutions including, trays and films that are most suitable for the packaging of fresh fruits and vegetables as they allow a more extended shelf life. In the present scenario, packaging processes and materials are highly sophisticated and flexible to meet application and preservations requirements. The biodegradable plastic industry is continuously working on enhancing barrier properties such as antimicrobial coating to attain improved preservation of food products.

 

Exhibit: North America Biodegradable Plastic Market by Type

Strategic Insights

New product development, market initiatives and merger and acquisition were observed as the most adopted strategies in North America biodegradable plastic market. Few of the recent developments in the North America Biodegradable plastic market are listed below:

 

2018: Sealed Air Corporation would start offering their packaged food items in the U.S., Mexico and Canada. These packaging materials are made up of bio based materials of Plantic Technologies Limited.


2019:
NatureWorks and its partners will showcase new, innovative Ingeo PLA biomaterials that demonstrate how Ingeo can be tailored to enhance performance attributes critical to the 3D market like heat and impact resistance or clean incineration for foundry applications.


2017:
Green Dot Bioplastics developed its new biodegradable plastic, Terratek BD2114. It is basically created for the making of plantable pots.                          

 

NORTH AMERICA 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

  • U.S.
  • Canada
  • Mexico

Company Profiles

  • API SpA
  • BASF S.E.
  • FKuR Kunststoff GmbH
  • Green Dot Bioplastics
  • NatureWorks LLC.
  • Novamont S.p.A.
  • Kingfa Sci. & Tech. 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       North America Biodegradable Plastic Market – By Type

1.3.2       North America Biodegradable Plastic Market – By End-User

1.3.3       North America 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       North America PEST Analysis

5.              Biodegradable Plastic Market – Key Industry Dynamics

5.1       Market Drivers

5.1.1       Growing awareness among customers about adverse effects of conventional plastics

5.1.2       Clean up efforts taken up by the 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       Emerging Use of Biodegradable Plastic in Biomedical Applications

5.5       Impact Analysis of Drivers and Restraints

6.              Biodegradable Plastic – North America Market Analysis

6.1       North America Biodegradable Plastic Market Overview

6.2       North America Biodegradable Plastic Market Forecast and Analysis

7.              North America Biodegradable Plastic Market Analysis – By Type

7.1       Overview

7.2       North America Biodegradable Plastic Market Breakdown, By Type, 2018 & 2027

7.3       PHA

7.3.1       Overview

7.3.2       North America PHA Market Revenue Forecasts To 2027 (US$ Mn)

7.4       PLA

7.4.1       Overview

7.4.2       North America PLA Market Revenue and Forecasts To 2027 (US$ Mn)

7.5       Starch Blends

7.5.1       Overview

7.5.2       North America Starch Blends Market Revenue and Forecasts To 2027 (US$ Mn)

7.6       PBS

7.6.1       Overview

7.6.2       North America PBS Market Revenue and Forecasts To 2027 (US$ Mn)

7.7       PBAT

7.7.1       Overview

7.7.2       North America PBAT Market Revenue and Forecasts To 2027 (US$ Mn)

7.8       Other

7.8.1       Overview

7.8.2       North America Other Types Market Revenue and Forecasts To 2027 (US$ Mn)

8.              North America Biodegradable Plastic Market Analysis – By End-User

8.1       Overview

8.2       North America Biodegradable Plastic Market Breakdown, By end-user, 2018 & 2027

8.3       Packaging & Bags

8.3.1       Overview

8.3.2       North America Packaging & Bags Market Revenue and Forecasts To 2027 (US$ Mn)

8.4       Agriculture & Horticulture

8.4.1       Overview

8.4.2       North America Agriculture & Horticulture Market Revenue and Forecasts To 2027 (US$ Mn)

8.5       Consumer Goods

8.5.1       Overview

8.5.2       North America Consumer Goods Market Revenue and Forecasts To 2027 (US$ Mn)

8.6       Other

8.6.1       Overview

8.6.2       North America Other End-Users Market Revenue and Forecasts To 2027 (US$ Mn)

9.              North America Biodegradable Plastic Market – Country Analysis

9.1       Overview

9.1.1       North America Biodegradable Plastic Market Breakdown, by Key Countries

9.1.1.1    U.S. Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)

9.1.1.1.1    US Biodegradable Plastics Market Breakdown by Type

9.1.1.1.2    US Biodegradable Plastics Market Breakdown by End User

9.1.1.2    Canada Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)

9.1.1.2.1    Canada Biodegradable Plastics Market Breakdown by Type

9.1.1.2.2    Canada Biodegradable Plastics Market Breakdown by End User

9.1.1.3    Mexico Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)

9.1.1.3.1    Mexico Biodegradable Plastics Market Breakdown by Type

9.1.1.3.2    Mexico Biodegradable Plastics Market Breakdown by End User

10.           Industry Landscape

10.1    Overview

10.2    Strategy And Business Planning

10.3    Product News

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

11.3    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    Green Dot Bioplastics

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

11.4.6    Key Developments

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    NatureWorks LLC.

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

11.7.6    Key Developments

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

11.9    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

12.           Appendix

12.1    About the Insight Partners

12.2    Glossary


LIST OF TABLES

Table 1.            North America Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2.            North America Biodegradable Plastic Market Revenue and Forecasts to 2027 – By Type (US$ Mn)

Table 3.            North America Biodegradable Plastic Market Revenue and Forecasts to 2027 – By End-User (US$ Mn)

Table 4.            US Biodegradable Plastics Market Revenue And Forecasts To 2027 – By Type (US$ Mn)

Table 5.            US Biodegradable Plastics Market Revenue And Forecasts To 2027 – By End User (US$ Mn)

Table 6.            Canada Biodegradable Plastics Market Revenue And Forecasts To 2027 – By Type (US$ Mn)

Table 7.            Canada Biodegradable Plastics Market Revenue And Forecasts To 2027 – By End User (US$ Mn)

Table 8.            Mexico Biodegradable Plastics Market Revenue And Forecasts To 2027 – By Type (US$ Mn)

Table 9.            Mexico Biodegradable Plastics Market Revenue And Forecasts To 2027 – By End USER (US$ Mn)

Table 10.         Glossary of Terms, Biodegradable plastic Market

 

LIST OF FIGURES

Figure 1.          North America Biodegradable Plastic Market Segmentations

Figure 2.          North America Biodegradable Plastic Market Segmentation – By Country

Figure 3.          North America Biodegradable Plastic Market Overview

Figure 4.          Packaging & Bags Held Largest Share In The North America Biodegradable Plastic Market By End-User

Figure 5.          U.S. Dominated The North America Biodegradable Plastic Market In 2018

Figure 6.          North America Biodegradable Plastic Market, Industry Landscape

Figure 7.          North America PEST Analysis

Figure 8.          North America Biodegradable Plastic Market Impact Analysis of Driver and Restraints

Figure 9.          North America Biodegradable Plastic Market Forecast And Analysis, (US$ Mn)

Figure 10.       North America Biodegradable Plastic Market Breakdown by Type, 2018 & 2027 (%)

Figure 11.       North America PHA Market Revenue Forecasts To 2027 (US$ Mn)

Figure 12.       North America PLA Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 13.       North America Starch Blends Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 14.       North America PBS Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 15.       North America PBAT Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 16.       North America Other Types Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 17.       North America Biodegradable Plastic Market Breakdown by End-User, 2018 & 2027 (%)

Figure 18.       North America Packaging & Bags Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 19.       North America Agriculture & Horticulture Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 20.       North America Consumer Goods Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 21.       North America Other End-Users Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 22.       North America Biodegradable Plastic market Breakdown by Key Countries, 2018 & 2027(%)

Figure 23.       U.S. Biodegradable Plastic Market and Forecasts to 2027 (US$ MN)

Figure 24.       Canada Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)

Figure 25.       Mexico Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)

  • 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 North America 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.