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Bio-Plastics Market - Global Industry Analysis

Bio-Plastics Market By Product (Bio-PET, Starch Blends, PLA, Bio-PA, Bio-PE, and Others), By Application (Automotive, Construction, Packaging, Consumer Goods, Electrical & Electronics, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 02-Jun-2021 Category: Chemical & Materials Report Format : PDF Pages: 140 Report Code: ZMR-2533 Status : Published

The global Bio-Plastics market accounted for USD 23.4 Billion in 2020 and is expected to reach USD 58.9 Billion by 2028, growing at a CAGR of around 12.3% between 2021 and 2028.

Description

Market Overview     

The global Bio-Plastics market accounted for USD 23.4 Billion in 2020 and is expected to reach USD 58.9 Billion by 2028, growing at a CAGR of around 12.3% between 2021 and 2028.      

Bio-plastics are the degradable polymers that are obtained from a renewable feedstock including agricultural wastes, vegetable fats & oils, cornstarch and others ingredients. They are used as a substitute for conventional plastics materials. Comparatively, bio-plastics emit less carbon and are highly bio-degradable.  Thus, it has broad range applications viz., grocery bags, food containers, electronics casings, disposable cutlery, etc.

Bioplastics are used in various application such as agriculture automotive & transportation, consumer goods, textile, and building & construction. This factors is anticipated to spur the market growth. It possess a unique potential and thus, can help reduce Greenhouse Gas (GHG) emissions effectively.

COVID-19 Impact Analysis  

The global Bio-Plastics market has witnessed a slight decline in the sales for short term to the lockdown enforcement placed by governments in order to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped the production resulting in a disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and theirs a surge in demand. The market would remain bullish in upcoming year.  The significant decrease in the global Bio-Plastics market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

Growth Factors

Factors responsible for the growth of the market are Environmentally Friendly Properties, High Consumer Acceptance, Favorable Government Policy, and Renewable Raw Material Sources. On the contrary, High Cost to End User, and Limited Performance are the factors which hinders the market growth.

Decrease in Dependency on Petroleum Resource & Advancement in R&D, and Growth in Corporate Social Responsibility (CSR) are the factors which create a lucrative opportunities in the market.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview  

Packaging was the foremost application of the global bio-plastics market in 2020. It accounted for above 29% share of the total volume consumption of the market in 2020. The growing rigid and flexible packaging in food & beverages, pharmaceutical, and healthcare industries is expected to accelerate the market’s growth during the coming years. Consumer good was the second most attractive application of the market in the same year. Automotive and construction are important outlets that are expected to leverage the market consumption over the next few years owing to the escalating immense demand for bio-plastic in the emerging markets of developing countries.

Key Market Players & Competitive Landscape

Some of the major players of the global bio-plastics market include Cardia Bioplastics, BASF SE, Toray Industries Inc, Braskem, Natureworks LLC, E.I. du Pont de Nemours, and Company, Corbion NV, Dow Plastics, Solvay SA, Evonik Industries, Novamont SPA among others.

The global Bio-Plastics Market is segmented as follows:

By Products

  • Bio-PET
  • Starch Blends
  • PLA
  • Bio-PA

By Applications

  • Automotive
  • Construction
  • Packaging
  • Consumer Goods
  • Electrical & Electronics
  • Others
  • Biosensors

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Bio-Plastics Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Bio-Plastics Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Bio-PET
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Starch Blends
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. PLA
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Bio-PA
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Bio-PE
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7. Others
      • 4.7.1. Market Size and Forecast, By Region (USD Billion)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Bio-Plastics Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Automotive
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Construction
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Packaging
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Consumer Goods
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Electrical & Electronics
      • 5.6.1. Market Size and Forecast, By Region (USD Billion)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.7. Others
      • 5.7.1. Market Size and Forecast, By Region (USD Billion)
      • 5.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Product, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Product, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Product, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Product, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Product, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Product, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Product, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Product, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7: Bio-Plastics Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Bio-Plastics Market: Company Market Share, 2019
      • 8.1.2. Global Bio-Plastics Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Bio-Plastics Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Bio-Plastics Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Cardia Bioplastics
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Dickinson and Company
    • 9.3. BASF SE
    • 9.4. Toray Industries Inc
    • 9.5. Braskem
    • 9.6. Natureworks LLC
    • 9.7. E.I. du Pont de Nemours, and Company
    • 9.8. Corbion NV
    • 9.9. Dow Plastics
    • 9.10. Sulvay SA
    • 9.11 Evonik Industries
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Product
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Bio-Plastics Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Product, 2020 & 2028 
FIG NO. 7. Global Bio-Plastics Market for Bio-PET, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Bio-Plastics Market for Bio-PET, By Country, 2020 & 2028
FIG NO. 9. Global Bio-Plastics Market for Starch Blends, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Bio-Plastics Market for Starch Blends, By Country, 2020 & 2028
FIG NO. 9. Global Bio-Plastics Market for PLA, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Bio-Plastics Market for PLA, By Country, 2020 & 2028
FIG NO. 11. Global Bio-Plastics Market for Bio-PA, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Bio-Plastics Market for Bio-PA, By Country, 2020 & 2028
FIG NO. 13. Global Bio-Plastics Market for Bio-PE, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Bio-Plastics Market for Bio-PE, By Country, 2020 & 2028
FIG NO. 15. Global Bio-Plastics Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Bio-Plastics Market for Others, By Country, 2020 & 2028
FIG NO. 17. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 18. Global Bio-Plastics Market for Automotive, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Bio-Plastics Market for Automotive, By Country, 2020 & 2028 
FIG NO. 20. Global Bio-Plastics Market for Construction, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Bio-Plastics Market for Construction, By Country, 2020 & 2028
FIG NO. 22. Global Bio-Plastics Market for Packaging, Revenue (USD Billion) 2016 – 2028 
FIG NO. 23. Comparative Revenue Analysis of Bio-Plastics Market for Packaging, By Country, 2020 & 2028
FIG NO. 24. Global Bio-Plastics Market for Consumer Goods, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Bio-Plastics Market for Consumer Goods, By Country, 2020 & 2028
FIG NO. 26. Global Bio-Plastics Market for Electrical & Electronics, Revenue (USD Billion) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Bio-Plastics Market for Electrical & Electronics, By Country, 2020 & 2028
FIG NO. 28. Global Bio-Plastics Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Bio-Plastics Market for Others, By Country, 2020 & 2028
FIG NO. 30. Global Bio-Plastics Market Revenue Share, By Region, 2020 & 2028
FIG NO. 31. North America Bio-Plastics Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 32. Porter’s Five Forces Analysis for Global Bio-Plastics Market
FIG NO. 33. PEST Analysis for Global Bio-Plastics Market
FIG NO. 34. Pricing Analysis for Global Bio-Plastics Market
FIG NO. 35. Value Chain Analysis for Global Bio-Plastics Market
FIG NO. 36. Company Share Analysis, 2019
FIG NO. 37. Radar Determinant Chart, 2019
FIG NO. 38. Company Strategic Developments – Heat Map Analysis
FIG NO. 39. Cardia Bioplastics Business Segment Revenue Share, 2020 (%)
FIG NO. 40. Cardia Bioplastics Geographical Segment Revenue Share, 2020 (%)
FIG NO. 41. Market Channels
FIG NO. 42. Marketing Channel Development Trend
FIG NO. 43. Growth in World Gross Product, 2008-2018
FIG NO. 44. Research Methodology – Detailed View
FIG NO. 45. Research Methodology


List of Tables 

TABLE NO. 1. Global Bio-Plastics Market: Snapshot
TABLE NO. 2. Quarterly Bio-Plastics Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Bio-Plastics Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Bio-Plastics Market for Bio-PET, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Bio-Plastics Market for Starch Blends, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Bio-Plastics Market for PLA, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Bio-Plastics Market for Bio-PA, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Bio-Plastics Market for Bio-PE, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11: Global Bio-Plastics Market for others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Bio-Plastics Market for Automotive, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13 Global Bio-Plastics Market for Construction, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Bio-Plastics Market for Packaging, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Bio-Plastics Market for Consumer Goods, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. Global Bio-Plastics Market for Electrical & Electronics, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 17. Global Bio-Plastics Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 18. Global Bio-Plastics Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 19. North America Bio-Plastics Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 20. North America Bio-Plastics Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 21. North America Bio-Plastics Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. U.S. Bio-Plastics Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 23. U.S. Bio-Plastics Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 24. Canada Bio-Plastics Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 25. Canada Bio-Plastics Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 26. Mexico Bio-Plastics Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 27. Mexico Bio-Plastics Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 28. Drivers for the Bio-Plastics Market: Impact Analysis
TABLE NO. 29. Restraints for the Bio-Plastics Market: Impact Analysis
TABLE NO. 30. Major Buyers of Bio-Plastics  
TABLE NO. 31. Distributors/Traders List of Bio-Plastics
TABLE NO. 32. Global Bio-Plastics Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 33: Global Bio-Plastics Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   


 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Bioplastics market. Zion Research has collected and analyzed key data belong to the global Bioplastics market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Bioplastics across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Bioplastics industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Bioplastics market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Bio-plastic is a green plastic that is derived from the renewable sources such as vegetable oils and fats, corn starch, etc. The conventional plastic is derived from petroleum. However, it contains renewable and fossil-fuel-based carbon and it is wholly mineralized by micro-organisms. Thus, bio-plastics are easily degradable in nature and hence, it is highly in demand across the globe. It finds numerous applications such as packaging, automotive, construction, consumer good, electrical & electronics, etc.

Numerous factors drive the global bio-plastics market. However, the most important driving factor that drives the market is growing acceptance of bio-plastics and increasing concerns about environmental hazards across the globe. In addition, favorable government regulations for green procurement policies are likely to fuel the market growth in the near future. Additionally, easy availability of raw materials is expected to boost the demand for bio-plastics during the coming years. However, exclusive cost of bio-plastics is a major restraint that may hamper the market growth. Nonetheless, product innovation and emerging market in the Asia Pacific is likely to open new avenues for the major players in the market during the years to come.

Bio plastics Market

Based on product segmentation, the global bio-plastics market is bifurcated into bio-PET, starch blends, PLA, bio-PA, bio-PE, and others. Among these products, Bio-PET was the largest product segment of global bio-plastics market in 2016. The starch blend was a second largest segment of the global bio-plastics market in the same year. The starch blend is expected to be the fastest growing product segment of global bio-plastics market within the forecast period. Starch blend offers completely bio-degradation property to the end applications. Therefore, this parameter makes the demand for starch blend based plastics high. Furthermore, PLA and bio-PA are expected to grow at a moderate rate in the near future.

Based on diverse application, the global bio-plastics market is segmented into packaging, consumer goods, automotive, construction, electronics and other applications. Packaging was the leading application segment of global bio-plastics market in 2016. Growing demand for flexible and rigid packaging in the various industries is likely to trigger the market size of bio-plastics during the next few years. Moreover, the packaging is also projected to be the fastest growing application within the forecast period owing to the emerging food & beverages and pharmaceutical industries in developing countries such as China, India, and Brazil. Consumer goods segment was the second largest application of the market in 2016 and it is also expected to witness exponential growth over the forthcoming years.  Automotive and construction are the promising outlets that are projected to grow at a significant CAGR within the forecast period.

In terms of geography, Europe was the dominating market of bio-plastics in 2016. Surging demand for bio-plastics in rigid packaging is likely to bolster the market growth in the region over the years to come. Europe was followed by North America in the same year. The stringent rules and regulations are expected to boost the demand for bio-plastics globally in the near future. Moreover, Asia Pacific is predicted to be the fastest growing market of bio-plastics within the forecast period owing to the increasing demand for starch-based and PLA based plastics in food and beverages industry in the region.

Some of the major players of the global bio-plastics market include Cardia Bioplastics, BASF SE, Toray Industries Inc, Braskem, Natureworks LLC, E.I. du Pont de Nemours, and Company, Corbion NV, Dow Plastics, Solvay SA, Evonik Industries, Novamont SPA among others.

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FrequentlyAsked Questions

The global Bio-Plastics Market was valued at USD 23.4 billion in 2020.

The global Bio-Plastics Market is expected to reach USD 58.9 billion by 2028, growing at a CAGR of 12.3% between 2021 to 2028.

Some of the key factors driving the global Bio-Plastics Market growth are Environmentally Friendly Properties, High Consumer Acceptance, Favorable Government Policy, and Renewable Raw Material Sources.

Europe was the leading market of bio-plastics in 2020. It accounted for more than 30% share of the total market in 2020. Furthermore, it is predicted to exhibit the great potential to surge the demand for bio-plastics due to the growing favorable regulations in the region. North America was a second largest market in the same year.

Some of the major players of global Bio-Plastics market Cardia Bioplastics, BASF SE, Toray Industries Inc, Braskem, Natureworks LLC, E.I. du Pont de Nemours, and Company, Corbion NV, Dow Plastics, Solvay SA, Evonik Industries, Novamont SPA among others.

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