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Global Bioplastic Market Research Report: Forecast (2023-2028)

By Product Type (Biodegradable, Non-Biodegradable), By Raw Material (Sugarcane, Potato, Corn Starch, Switch grass, Vegetable Oil, Cassava, Wheat, Others), By End-User (Packaging , Agriculture, Consume... ... Agriculture, Consumer Goods, Automotive & Transport, Agriculture & Horticulture, Electrical & Electronics, Textiles, Others (Building & Construction, coatings & adhesives, etc.)), Region (North America, South America, Europe, The Middle East & Africa, Asia Pacific), By Company (Novamont S.p.A, Arkema S.A., Matrica S.p.A., Solvay S.A., NatureWorks LLC, Total Corbion PLA bv, PTT MCC Biochem Co. Ltd, Roquette Feres, Avantium, Toray Industries Inc., LyondellBasell Industries Holding B.V., BASF SE, BioApply, Braskem, Biofase, Genecis, Trifilon, Kaneka Takasaho, Danimer Scientific, Taghleef Industries) Read more

FMCG
May 2023
Pages 184
Report Format: PDF, Excel, PPT

Market Definition

Bioplastics are resources made from organic matter, such as vegetables & starch, rather than focusing on petroleum-based alternatives. As conventional plastic is highly non-biodegradable & is a major cause of pollution of land & sea, the consumer goods & packaging industry is slowly shifting towards organic plastic products to cope with the environmental challenges.

Market Insights & Analysis: Global Bioplastic Market (2023-28)

The Global Bioplastic market size is valued at around USD 8.21 billion in 2024 and is projected to grow at a CAGR of around 10.12% during the forecast period, i.e., 2023-28. Some factors that have attributed to growth are increasing sustainability consciousness among consumers & industry players, stringent government regulations being placed in many regions, a growing number of biodegradable options available, etc. They are now widely used in several industries such as packaging, agriculture products, automotive, electronics, etc., due to which a diverse demand is created for them. The growing awareness of the negative impact of conventional plastics on the ecosystem has led to a rise in demand for these organic resources, which are biodegradable & compostable.

Consumers are also becoming extremely conscious regarding the purchased product & sustainability, due to which many of the industrial & consumer goods manufacturing companies are opting for these organic resources over conventional petroleum-based plastics. Furthermore, many countries have also placed stringent policies & regulations concerning the usage of conventional plastic that has accentuated the need for a shift towards these resources. For instance:

In 2022, Under the Plastic Waste Management Amendment Rules 2021, effected from 31st December 2022, the usage of single-use plastic, with a thickness of less than 120 microns, was banned in India. This was one of the key moves in the economy in order to push the packaging industry to move toward biodegradable packaging alternatives.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	10.12%
Regions Covered	North America: US, Canada, Mexico
	Europe: Germany, The UK, Germany, France, Spain, Italy, Nordic Countries, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Southeast Asia, Australia Rest of Asia-Pacific
	South America: Brazil, Argentina, Rest of South America
	Middle East & Africa: Saudi Arabia, The UAE, Turkey, Egypt, South Africa, Rest of The Middle East & Africa
Key Companies Profiled	Novamont S.p.A, Arkema S.A., Matrica S.p.A., Solvay S.A., NatureWorks LLC, Total Corbion PLA bv, PTT MCC Biochem Co. Ltd, Roquette Feres, Avantium, Toray Industries Inc., LyondellBasell Industries Holding B.V., BASF SE, BioApply, Braskem, Biofase, Genecis, Trifilon, Kaneka Takasaho, Danimer Scientific, Taghleef Industries, Others
Market Value (2024)	USD 8.21 billion

With the increased focus of both the public & private players to adopt an environment-friendly approach towards the transition from conventional plastic, the growth of the global market is anticipated to continue in the forecast years, i.e., 2023-28. These resources are made from organic matter, such as vegetables & starch, rather than focusing on petroleum-based alternatives. Hence, as conventional plastic is highly non-biodegradable & is a major cause of pollution, the consumer goods & packaging industry is slowly shifting towards organic plastic products to cope with the environmental challenges, therefore stimulating the market in the future years.

Global Bioplastic Market Research Report (2023-2028) - Table of Contents

Market Segmentation
Introduction
1. Market Definition
2. Research Process
3. Assumptions
Executive Summary
Macroeconomic Outlook
Global Bioplastic Market, Import & Export Analysis, 2018-2022
Global Bioplastic Market Porter Five Forces Analysis
Global Bioplastic Market Pricing Analysis, 2022
Global Bioplastic Market Technology
1. Biodegradable
2. Non-Biodegradable
Global Bioplastic Market Trends & Insights
Global Bioplastic Market Dynamics
1. Drivers
2. Challenges
Global Bioplastic Market Supply Chain Analysis
Global Bioplastic Market Regulations & Policies
Global Bioplastic Market Hotspots & Opportunities
Global Bioplastic Market Outlook, 2018-2028
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. Quantity Sold (Thousand Tons )
    1. Market Share & Analysis
      1. By Product Type
        
        Biodegradable
        
        Polylactic Acid
        
        Cellulose Film
        
        Starch Blend
        
        Polybutylene Adipate Terephthalate (PBAT)
        
        Polybutylene Succinate (PBS)
        
        Others
        
        Non-Biodegradable
        
        Polyethylene
        
        Polyethylene Terephthalate
        
        Polyamide
        
        Polytrimethylene Terephthalate
        
        Others
      2. By Raw Material
        
        Sugarcane
        
        Potato
        
        Corn Starch
        
        Switch grass
        
        Vegetable Oil
        
        Cassava
        
        Wheat
        
        Others
      3. By End-User
        
        Packaging
        
        Rigid Packaging
        
        Flexible Packaging
        
        Agriculture
        
        Consumer Goods
        
        Automotive & Transport
        
        Agriculture & Horticulture
        
        Electrical & Electronics
        
        Textiles
        
        Others (Building & Construction, coatings & adhesives, etc.)
      4. Region
        
        North America
        
        South America
        
        Europe
        
        The Middle East & Africa
        
        Asia Pacific
      5. By Company
        
        Competition Characteristics
        
        Market Share & Analysis
North America Bioplastic Market Outlook, 2018-2028
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Product Type
  2. By Raw Material
  3. By End-User
  4. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
4. Canada Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
5. Mexico Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
South America Bioplastic Market Outlook, 2018-2028
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Product Type
  2. By Raw Material
  3. By End-User
  4. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
4. Argentina Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
Europe Bioplastic Market Outlook, 2018-2028
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Product Type
  2. By Raw Material
  3. By End-User
  4. By Country
    1. The UK
    2. Germany
    3. France
    4. Spain
    5. Italy
    6. Nordic Countries
    7. Rest of Europe
3. The UK Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
4. The Germany Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
5. France Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
6. Spain Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
7. Italy Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
8. Nordic Countries Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
The Middle East & Africa Bioplastic Market Outlook, 2018-2028
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Product Type
  2. By Raw Material
  3. By End-User
  4. By Country
    1. Saudi Arabia
    2. The UAE
    3. Turkey
    4. Egypt
    5. South Africa
    6. Rest of The Middle East & Africa
3. Saudi Arabia Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
4. The UAE Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
5. Turkey Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
6. Egypt Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
7. South Africa Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
Asia Pacific Bioplastic Market Outlook, 2018-2028
1. Market Size & Analysis
  1. By Revenue (USD Million)
  2. Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Product Type
  2. By Raw Material
  3. By End-User
  4. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Southeast Asia
    6. Australia
    7. Rest of Asia Pacific
3. China Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
4. Japan Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
5. India Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
6. South Korea Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
7. Southeast Asia Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
8. Australia & New Zealand Bioplastic Market Outlook, 2018-2028
  1. Market Size & Analysis
    1. By Revenue (USD Million)
    2. Quantity Sold (Thousand Tons)
  2. Market Share & Analysis
    1. By Product Type
    2. By End-User
Global Bioplastic Market Key Strategic Imperatives for Growth & Success
Competition Outlook
1. Competition Matrix
  1. Brand Specialization
  2. Target Markets
  3. Target End Users
  4. Research & Development
  5. Strategic Alliances
  6. Strategic Initiatives
2. Company Profiles
  1. Novamont S.p.A
  2. Arkema S.A.
  3. Matrica S.p.A.
  4. Solvay S.A.
  5. NatureWorks LLC
  6. Total Corbion PLA bv
  7. PTT MCC Biochem Co. Ltd
  8. Roquette Feres
  9. Avantium
  10. Toray Industries Inc.
  11. LyondellBasell Industries Holding B.V.
  12. BASF SE
  13. BioApply
  14. Braskem
  15. Biofase
  16. Others (Genecis, Trifilon, Kaneka Takasaho, Danimer Scientific, Taghleef Industries, etc.)
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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