[Research Report] The bioplastics market is expected to grow from US$ 5,799.8 million in 2021 to US$ 13,806.1 million by 2028; it is estimated to grow at a CAGR of 13.2% from 2021 to 2028
Market Insights and Analyst View:
Bioplastics are plastics materials that are made up of renewable biomass sources which include vegetable fats and oils, corn starch, straw, woodchips, sawdust, recycled food wastes, among others. Bioplastics are being increasingly used to reduce the problem of plastic waste that is suffocating the planet and contaminating the environment along with this the production of bioplastic requires 65% less energy than conventional petroleum plastic. Further, in 2022, the packaging segment was the dominating the global market and is also expected to be the fastest-growing segment in the bioplastics market
Growth Drivers and Challenges:
The growing environmental concerns and a global endeavour to lessen pollution is driving the demand for biodegradable plastics in the packaging sector across the globe. In addition, the demand for bioplastics in the packaging industry is expected to grow due to the rising need for different healthcare products to combat the COVID-19 pandemic. Further, it’s relatively easy for manufacturers to manufacture bioplastic packaging because packaging produced from biopolymers can usually be produced employing standard plastics processing technology. Thus, the growing demand for eco-friendly plastics in the packaging sector is a major factor expected to boost the bioplastics market growth across the globe over the forecast period. Further, the prices of bioplastics are relatively higher than conventional plastics. For instance, PLA can be 20 to 50% more costly than comparable materials because of the complex process used to convert corn or sugarcane into the building blocks for PLA. Moreover, some bioplastics have a shorter lifetime than oil-based plastics owing to weaker mechanical properties, such as superior water vapour permeability than standard plastic, easy to tear like tissue paper, or very brittle. For example, some algae-based bioplastics will break down in hours when in the water, making them very biodegradable and fragile. Thus, the higher price of bioplastics along with shorter lifetime of bioplastics is anticipated to hinder the bioplastics market growth during the forecast period.
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Bioplastics Market: Strategic Insights
Market Size Value in US$ 5,799.8 million in 2021 Market Size Value by US$ 13,806.1 million by 2028 Growth rate CAGR of 13.2% from 2021 to 2028 Forecast Period 2021- 2028 Base Year 2021
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Bioplastics Market: Strategic Insights
| Market Size Value in | US$ 5,799.8 million in 2021 |
| Market Size Value by | US$ 13,806.1 million by 2028 |
| Growth rate | CAGR of 13.2% from 2021 to 2028 |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Report Segmentation and Scope:
The “Global Bioplastics Market” is segmented based on type, application, and geography. Based on type, the bioplastics market is segmented into biodegradable and non-biodegradable. The bioplastics market is segmented based on application, into packaging, agriculture, consumer goods, automotive & transportation, textiles, building & construction, and others. The bioplastics market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)
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Segmental Analysis:
Based on type, the bioplastics market is bifurcated into biodegradable and non-biodegradable. The biodegradable segment held the significant share in the bioplastics market and is expected to register the significant growth over the forecast period. Biodegradable bioplastics are anticipated to gain popularity during the forecast period due to environmental concerns, reducing waste, and negative impacts of traditional plastics on the environment, including landfill and plastic pollution. They are produced from renewable materials, plant or animal materials such as corn oil, orange peels, soybeans, switchgrass, microorganisms, or starch.
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Regional Analysis:
Based on geography, the bioplastics market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global bioplastics market was dominated by Asia Pacific which accounted for US$ 2535.91 Million in 2022. Europe is a second major contributor holding more than 25% share in the global bioplastics market. North America is expected to register the considerable growth at a CAGR of over 13% over the forecast period. In North America, bioplastics are widely consumed in the packaging sector in the form of plastic bottles and bags. Production and consumption of bioplastics are expected to grow in the region, primarily in food packaging applications. Unlike traditional plastics, bioplastics are obtained from renewable sources. The automotive industry in this region is one of the most advanced industries globally due to substantial investments in infrastructure, R&D activities, and new production facilities. Bio-polyamides (Bio-PA), polylactic acid (PLA), and bio-based polypropylene (Bio-PP) are bioplastics used in automotive manufacturing. These factors are driving the bioplastics market growth.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the bioplastics market are listed below:
- In January 2022, Toray Industries, Inc. announced a development initiative that it has developed a nylon 510 (N510) fiber that incorporates 100% ‘biobased synthetic polymer content.
- In October 2021, Sabic introduced a new line of bio based ULTEMTM resins that provide environmental benefits while maintaining the same high performance and processability as traditional ULTEM materials.
- In June 2019, Biome bioplastics and the Biorenewables Development Centre (BDC) have collaborated to construct and install a new specialized polymerization reactor with the University of York's Green Chemistry Centre of Excellence. The new reactor, which was partially funded by the University of York's Higher education Innovation fund, will be critical in helping to scale up the expanding array of novel bioplastics.
Covid-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the chemicals and materials industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. The construction of residential and commercial buildings was almost negligible due to the shortage of laborers and disrupted the supply chain of construction materials. In addition to this, the automotive industry was slowed down due to the lack of supply of various automotive parts and low demand for vehicles. In Asia Pacific, many bioplastics producers were operating their plants at reduced rates amid the COVID-19 pandemic. Various end-use industries, such as automotive and transportation, textiles, and building & construction have been hit hard by the pandemic, impacting bioplastics consumption in Asia Pacific. China is a leading automotive market in terms of production and consumption. Due to adverse impact of the pandemic on the automotive industry, the bioplastics market growth declined in the region.
However, various industries are coming on track after supply constraints affecting these industries are resolving gradually. Moreover, the rising demand for bioplastics across diverse industrial applications and government initiatives to combat COVID-19 is expected to substantially promote the requirement for bioplastics in the global market. The automotive sector has also begun to revive with the resumption of operations in various industries from 2021. Moreover, the demand for bioplastics is witnessing significant recovery as various countries restarted their business activities, driving the bioplastics market growth.
Competitive Landscape and Key Companies:
A few players operating in the global bioplastics market include Teijin Limited; Toray Industries, Inc.; Sabic; Basf SE; Total Corbion PLA; Braskem S.A.; Biome Bioplastics; Mitsubishi Chemical Corporation; Novamont S.P.A.; and Natureworks LLC. Players operating in the global bioplastics market focus on providing high-quality products to fulfil customer demand.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the bioplastics market are Teijin Limited, Toray Industries, Inc., Sabic, BASF SE, Total Carbion PLA, Braskem S.A., Biome Bioplastics, Mitsubishi Chemical Corporation, Novamont S.P.A., and Natureworks LLC.
In 2020, the biodegradable segment held the largest market share. To reduce reliance on conventional plastics, the industry trends shifted toward adopting bio-based products. Furthermore, due to the government's strict rules, most manufacturers in industries such as packaging, textile, and agriculture are moving toward bio-based plastic. Such considerations have a significant influence on the growth of the biodegradable plastic industry.
Based on application, the packaging is expected to be the fastest-growing segment during the forecast period. Bioplastic packaging is expected to increase market share because of its low environmental effect, increased emphasis on recyclability and sustainability, government attention on efficient package management, expanding consumer awareness, and increasing prohibitions on single-use plastic.
Consumer awareness of sustainable plastic alternatives and widespread initiatives to minimize the use of non-biodegradable conventional plastics are driving the growth of the bioplastics market. Traditional plastics, which are often petroleum-based, take decades to break down or degrade and can be found in landfills for an extended length of time. When biodegradable plastics are discarded, they degrade faster and are incorporated back into the natural system. Furthermore, the degradation rate of biodegradable plastics by microbial activity is substantially faster than that of regular plastics.
During the forecast period, the biodegradable segment is expected to be the fastest-growing segment. Biodegradable plastic manufacturers have considerable prospects in new electronics, medical, and automotive industries due to an increased focus on sustainability and favorable government rules for green procurement strategies. Manufacturers are substantially investing in R&D operations to use biodegradable polymers in various medical applications, such as stitching materials, screws, and implants.
In 2020, Asia-Pacific accounted for the largest share of the global bioplastics market. Some of the primary market drivers for bioplastics include its environmentally favorable features, high consumer acceptance of bio-based goods, regulatory support for producing degradable packaging materials, and the availability of renewable raw material sources to manufacture bioplastics.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Global Bioplastics Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Bioplastics Market — Key Market Dynamics
5.1 Key Market Drivers
5.1.2 Wide Application Scope of Bioplastics
5.1.3 Rising Demand for Eco-Friendly Plastics in Packaging Industry
5.2 Key Market Restraints
5.2.1 Higher Prices and Shorter Lifetime of Bioplastics
5.3 Key Market Opportunities
5.3.1 Stringent Government Laws & Regulations on Traditional Plastic Use
5.4 Future Trends
5.4.1 Increasing Focus on Innovations and Technological Advancements
5.5 Impact Analysis of Drivers and Restraint
6. Bioplastics – Global Market Analysis
6.1 Bioplastics Market Overview
6.2 Bioplastics Market –Revenue and Forecast to 2028 (US$ Million) (Kilotons)
6.3 Competitive Positioning – Key Market Players
7. Bioplastics Market Analysis – By Type
7.1 Overview
7.2 Bioplastics Market, By Type (2020 and 2028)
7.3 Biodegradable
7.3.1 Overview
7.3.2 Biodegradable: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million) (Kilotons)
7.4 Non-biodegradable
7.4.1 Overview
7.4.2 Non-biodegradable: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million) (Kilotons)
8. Bioplastics Market Analysis – By Application
8.1 Overview
8.2 Bioplastics Market, By Application (2020 and 2028)
8.2.1 Global Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million) (Kilotons)
8.3 Packaging
8.3.1 Overview
8.3.2 Packaging: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million) (Kilotons) (Kilotons)
8.4 Agriculture
8.4.1 Overview
8.4.2 Agriculture: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million) (Kilotons)
8.5 Consumer Goods
8.5.1 Overview
8.5.2 Consumer Goods: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million) (Kilotons)
8.6 Automotive and Transportation
8.6.1 Overview
8.6.2 Automotive and Transportation: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million) (Kilotons)
8.7 Textiles
8.7.1 Overview
8.7.2 Textiles: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million) (Kilotons)
8.8 Building and Construction
8.8.1 Overview
8.8.2 Building and Construction: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million) (Kilotons)
8.9 Others
8.9.1 Overview
8.9.2 Others: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million) (Kilotons)
9. Bioplastics Market – Geographic Analysis
9.1 Overview
9.2 North America: Bioplastics Market
9.2.1 North America: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Bioplastics Market, by Type
9.2.3 North America: Bioplastics Market, by Application
9.2.4 North America: Bioplastics Market, by Key Country
9.2.4.1 US: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Bioplastics Market, by Type
9.2.4.1.2 US: Bioplastics Market, by Application
9.2.4.2 Canada: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Bioplastics Market, by Type
9.2.4.2.2 Canada: Bioplastics Market, by Application
9.2.4.3 Mexico: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Bioplastics Market, by Type
9.2.4.3.2 Mexico: Bioplastics Market, by Application
9.3 Europe: Bioplastics Market
9.3.1 Europe: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Bioplastics Market, by Type
9.3.3 Europe: Bioplastics Market, by Application
9.3.4 Europe: Bioplastics Market, by Key Country
9.3.4.1 Germany: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Bioplastics Market, by Type
9.3.4.1.2 Germany: Bioplastics Market, by Application
9.3.4.2 France: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Bioplastics Market, by Type
9.3.4.2.2 France: Bioplastics Market, by Application
9.3.4.3 Italy: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Bioplastics Market, by Type
9.3.4.3.2 Italy: Bioplastics Market, by Application
9.3.4.4 United Kingdom: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 United Kingdom: Bioplastics Market, by Type
9.3.4.4.2 United Kingdom: Bioplastics Market, by Application
9.3.4.5 Russia: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Bioplastics Market, by Type
9.3.4.5.2 Russia: Bioplastics Market, by Application
9.3.4.6 Rest of Europe: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Bioplastics Market, by Type
9.3.4.6.2 Rest of Europe: Bioplastics Market, by Application
9.4 Asia Pacific: Bioplastics Market
9.4.1 Asia Pacific: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Bioplastics Market, by Type
9.4.3 Asia Pacific: Bioplastics Market, by Application
9.4.4 Asia Pacific: Bioplastics Market, by Key Country
9.4.4.1 Australia: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Bioplastics Market, by Type
9.4.4.1.2 Australia: Bioplastics Market, by Application
9.4.4.2 China: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Bioplastics Market, by Type
9.4.4.2.2 China: Bioplastics Market, by Application
9.4.4.3 India: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Bioplastics Market, by Type
9.4.4.3.2 India: Bioplastics Market, by Application
9.4.4.4 Japan: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Bioplastics Market, by Type
9.4.4.4.2 Japan: Bioplastics Market, by Application
9.4.4.5 South Korea: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Bioplastics Market, by Type
9.4.4.5.2 South Korea: Bioplastics Market, by Application
9.4.4.6 Rest of Asia Pacific: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia Pacific: Bioplastics Market, by Type
9.4.4.6.2 Rest of Asia Pacific: Bioplastics Market, by Application
9.5 Middle East & Africa: Bioplastics Market
9.5.1 Middle East and Africa: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: Bioplastics Market, By Type
9.5.3 Middle East and Africa: Bioplastics Market, by Application
9.5.4 Middle East and Africa Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
9.5.5 Middle East and Africa: Bioplastics Market, by Key Country
9.5.5.1 South Africa: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.5.5.1.1 South Africa: Bioplastics Market, By Type
9.5.5.1.2 South Africa: Bioplastics Market, by Application
9.5.5.2 Saudi Arabia: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.5.5.2.1 Saudi Arabia: Bioplastics Market, By Type
9.5.5.2.2 Saudi Arabia: Bioplastics Market, by Application
9.5.5.3 UAE: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.5.5.3.1 UAE: Bioplastics Market, By Type
9.5.5.3.2 UAE: Bioplastics Market, by Application
9.5.5.4 Rest of MEA: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.5.5.4.1 Rest of MEA: Bioplastics Market, By Type
9.5.5.4.2 Rest of MEA: Bioplastics Market, by Application
9.6 South & Central America: Bioplastics Market
9.6.1 South & Central America: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.6.2 South & Central America: Bioplastics Market, By Type
9.6.3 South & Central America: Bioplastics Market, by Application
9.6.4 South & Central America: Bioplastics Market, by Key Country
9.6.4.1 Brazil: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Bioplastics Market, By Type
9.6.4.1.2 Brazil: Bioplastics Market, by Application
9.6.4.2 Argentina: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Bioplastics Market, By Type
9.6.4.2.2 Argentina: Bioplastics Market, by Application
9.6.4.3 Rest of South & Central America: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South & Central America: Bioplastics Market, By Type
9.6.4.3.2 Rest of South & Central America: Bioplastics Market, by Application
10. Impact of COVID-19 Pandemic on Global Bioplastics Market
10.1 Impact of COVID-19 on Bioplastics Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.6 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Teijin Limited
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
11.1.6 Key Developments
11.2 TORAY INDUSTRIES, INC.
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 SABIC
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
11.3.6 Key Developments
11.4 BASF SE
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 Total Corbion PLA
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
11.5.6 Key Developments
11.6 Braskem S.A.
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
11.6.6 Key Developments
11.7 Biome Bioplastics
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
11.8.6 Key Developments
11.9 Novamont S.P.A.
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 Natureworks LLC
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 of Terms
LIST OF TABLES
Table 1. Bioplastics Market –Revenue and Forecast to 2028 (US$ Million) (Kilotons)
Table 2. Global Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million) (Kilotons)
Table 3. North America Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Germany Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. France Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. France Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. United Kingdom Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. United Kingdom Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: Bioplastics Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. Asia Pacific Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia Pacific Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. Australia Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. Australia Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. China Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. China Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 31. India Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. India Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 33. Japan Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Japan Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. South Korea Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Asia Pacific Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of Asia Pacific Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 39. Middle East and Africa Bioplastics Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 48. South & Central America Bioplastics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. South & Central America Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. Brazil Bioplastics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. Brazil Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 52. Argentina Bioplastics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. Argentina Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of South & Central America Bioplastics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of South & Central America Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 56. Glossary of Terms, Global Bioplastics Market
LIST OF TABLES
Table 1. Bioplastics Market –Revenue and Forecast to 2028 (US$ Million) (Kilotons)
Table 2. Global Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million) (Kilotons)
Table 3. North America Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Germany Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. France Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. France Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. United Kingdom Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. United Kingdom Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: Bioplastics Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. Asia Pacific Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia Pacific Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. Australia Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. Australia Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. China Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. China Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 31. India Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. India Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 33. Japan Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Japan Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. South Korea Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Asia Pacific Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of Asia Pacific Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 39. Middle East and Africa Bioplastics Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 48. South & Central America Bioplastics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. South & Central America Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. Brazil Bioplastics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. Brazil Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 52. Argentina Bioplastics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. Argentina Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of South & Central America Bioplastics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of South & Central America Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 56. Glossary of Terms, Global Bioplastics Market
LIST OF FIGURES
Figure 1 Global Bioplastics Market Segmentation
Figure 2 Bioplastics Market Segmentation – By Geography
Figure 3 Global Bioplastics Market Overview
Figure 4 Bioplastics Market, By Product
Figure 5 Bioplastics Market, By Geography
Figure 6 Global Bioplastics Market, Industry Landscape
Figure 7 Porter's Five Forces Analysis
Figure 8 Expert Opinion
Figure 9 Ecosystem: Bioplastics Market
Figure 10 Bioplastics Market Impact Analysis of Drivers and Restraints
Figure 11 Geographic Overview of Bioplastics Market
Figure 12 Global: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million) (Kilotons)
Figure 13 Bioplastics Market Revenue Share, By Type (2020 and 2028)
Figure 14 Biodegradable: Bioplastics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15 Non-biodegradable: Bioplastics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16 Bioplastics Market Revenue Share, By Application (2020 and 2028)
Figure 17 Packaging: Bioplastics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18 Agriculture: Bioplastics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19 Consumer Goods: Bioplastics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20 Automotive and Transportation: Bioplastics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21 Textiles: Bioplastics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22 Building and Construction: Bioplastics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23 Others: Bioplastics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24 Global Bioplastics Market Revenue Share, by Region (2020 and 2028)
Figure 25 North America: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26 North America: Bioplastics Market Revenue Share, by Type (2020 and 2028)
Figure 27 North America: Bioplastics Market Revenue Share, by Application (2020 and 2028)
Figure 28 North America: Bioplastics Market Revenue Share, by Key Country (2020 and 2028)
Figure 29 US: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30 Canada: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31 Mexico: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32 Europe: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33 Europe: Bioplastics Market Revenue Share, by Type (2020 and 2028)
Figure 34 Europe: Bioplastics Market Revenue Share, by Application (2020 and 2028)
Figure 35 Europe: Bioplastics Market Revenue Share, by Key Country (2020 and 2028)
Figure 36 Germany: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37 France: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38 Italy: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39 United Kingdom: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 40 Russia: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 41 Rest of Europe: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 42 Asia Pacific: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43 Asia Pacific: Bioplastics Market Revenue Share, by Type (2020 and 2028)
Figure 44 Asia Pacific: Bioplastics Market Revenue Share, by Application (2020 and 2028)
Figure 45 Asia Pacific: Bioplastics Market Revenue Share, by Key Country (2020 and 2028)
Figure 46 Australia: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 47 China: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48 India: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 49 Japan: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 50 South Korea: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 51 Rest of Asia Pacific: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 52 Middle East and Africa: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53 Middle East and Africa: Bioplastics Market Revenue Share, By Type (2020 and 2028)
Figure 54 Middle East and Africa: Bioplastics Market Revenue Share, by Application (2020 and 2028)
Figure 55 Middle East and Africa: Bioplastics Market Revenue Share, by Key Country (2020 and 2028)
Figure 56 South Africa: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 57 Saudi Arabia: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 58 UAE: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59 Rest of MEA: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 60 South & Central America: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61 South & Central America: Bioplastics Market Revenue Share, By Type (2020 and 2028)
Figure 62 South & Central America: Bioplastics Market Revenue Share, by Application (2020 and 2028)
Figure 63 South & Central America: Bioplastics Market Revenue Share, by Key Country (2020 and 2028)
Figure 64 Brazil: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65 Argentina: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66 Rest of South & Central America: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67 Impact of COVID-19 Pandemic in North America
Figure 68 Impact of COVID-19 Pandemic in Europe
Figure 69 Impact of COVID-19 Pandemic in Asia Pacific
Figure 70 Impact of COVID-19 Pandemic in Middle East & Africa
Figure 71 Impact of COVID-19 Pandemic in South & Central America
The List of Companies - Bioplastics Market
- Teijin Limited
- Toray Industries, Inc.
- Sabic
- BASF SE
- Total Carbion PLA
- Braskem S.A.
- Biome Bioplastics
- Mitsubishi Chemical Corporation
- Novamont S.P.A.
- Natureworks LLC.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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