Report Highlights
The global bioplastics market volume should reach 3.3 million metric tons by 2026 from 2.2 million metric tons in 2021 at a compound annual growth rate (CAGR) of 8.3% for the forecast period of 2021 to 2026.
Report Includes
- 45 data tables and 72 additional tables
- An updated review of the global market for bioplastics and related technologies
- Analyses of the global market trends, with data from 2020, estimates for 2021 and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the overall bioplastics market size in value and volumetric terms, and corresponding market share analysis by product, application, technology and region
- Highlights of emerging technology trends, opportunities and gaps estimating current and future demand for bioplastic materials, and impact of COVID-19 on the progress of this market
- Identification of the companies best positioned to meet this demand owing to their proprietary technologies, new product launches, and other strategic alliances
- Discussion of industry value chain analysis, demand-supply gap, and factors driving the growth of market for polymer materials
- Updated list of mergers, acquisitions, product launch, divestiture, achievements taken place in recent years
- Competitive landscape of the major players operating within the bioplastics market, and their global rankings and company share analysis
- Detailed description of updated company profiles along with latest developments and strategies, including Avient Corp., BASF, Danimer Scientific, Dow Inc., JSR Corp., Teijin Ltd. and Toray Industries Inc.
Report Scope
This report will cover the bioplastics industry. Definitive and detailed estimates and forecasts of the global market are provided, followed by a detailed analysis of the regions, applications, and on-going trends.
The focus of this report is on plastics made from renewable resources such as biomass or food crops. There is also some potential development of bioplastics from animal resources. Plastics that could be produced from waste CO2 are also reviewed because of their potential impact on bioplastics, but their data are not included in the forecasts presented here. Bioplastics are further defined here as polymer materials that are produced by chemically or biologically synthesizing materials that contain renewable organic materials. Natural organic materials that are not chemically modified (e.g., wood composites are excluded). The report includes the use of renewable resources to create monomers that replace petroleum-based monomers such as feedstocks produced from sugarcane that are used to manufacture polyester and polyethylene. Ethanol, a major product in Brazil, is one small chemical step from ethylene.
This report covers the technological, economic, and business considerations of the bioplastics industry, with analyses and forecasts provided for global markets. Included in the report are descriptions of market forces relevant to the bioplastics industry and their areas of application.
The report focuses on the following resin chemistries:
- Polylactic acid.
- Thermoplastic starch.
- Biopolyamides (nylons).
- Polyhydroxyalkanoates.
- Biopolyols/polyurethane.
- Cellulosics.
- Biopolytrimethylene terephthalate.
- Biopolyethylene.
- Biopolyethylene terephthalate.
- Polybutylene succinate.
Biodegradable and photodegradable polymers made from petrochemical feedstocks are not included. Other renewable resin chemistries such as collagen and chitosan are covered but in less detail as their roles are not well developed.
This report considers the impact of COVID-19. In 2020, the growth rate of manufacturing industry around the world was severely affected by the pandemic. The presently developing COVID-19 pandemic has currently shrunken the progress of every economy. In addition to taking measures to lock down their respective countries to contain the spread of the coronavirus, especially in affected cities, various governments around the world are also taking the measures necessary to contain the economic slowdown.
Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars (2020) unadjusted for inflation.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global bioplastics market should reach 2.7 million metric tons by 2023 from 1.6 million metric tons in 2018 at a compound annual growth rate (CAGR) of 11.7% for the period 2018-2023.
Report Includes
- 40 data tables and 16 additional tables
- An overview of the global market for bioplastics
- Analyses of global market trends, with data from 2016 to 2018, and projections of CAGRs through 2023
- Identification of trends that will affect the use of bioplastics and their major end-use application
- Information on specific end markets for bioplastics by material types, with sections devoted to each type of renewably sourced plastic
- Analyses of market developments regarding major applications for bioplastics, including packaging, automotive, electrical/electronic, medical, building and construction
- Comprehensive company profiles of major players in the market including Arkema, BASF, Dow Plastics, Huhtamaki, Myriant, Plantic Technologies Ltd., Synbra Technology and ZeaChem Inc.
Report Highlights
The global bioplastic market totaled 1.6 million metric tons in 2015 and should total nearly 6.1 million metric tons in 2020, a compound annual growth rate (CAGR) of 30.0% for the five-year period, 2015 to 2020.
Report Includes
- An overview of the global markets for bioplastics
- Analyses of global market trends with data from 2014, 2015, and projections of CAGRs through 2020
- Identification of trends that will affect the use of bioplastics and their major end-use application markets
- Information on specific end markets for bioplastics by material types, with sections devoted to each type of renewably sourced plastic
- Analysis of market developments regarding major applications for bioplastics, including packaging, automotive, electrical/electronic, medical, building and construction
- Profiles of major players in the industry
Report Highlights
The global bioplastic demand totaled 1.1 million metric tons in 2013. This is expected to reach 1.4 million metric tons in 2014 and about 6 million metric tons in 2019, a compound annual growth rate (CAGR) of 32.7% for the five-year period, 2014 to 2019.
Report Includes
- An overview of the global market for bioplastics.
- Analyses of global market trends with data from 2012 and 2013, estimates for 2014, and projections of CAGRs through 2019.
- Identification of trends that will affect the use of bioplastics and their major end-use application markets.
- Information on specific end markets for bioplastics by material types, with sections devoted to each type of renewably sourced plastic.
- Analysis of market developments regarding major applications for bioplastics, including packaging, automotive, electrical/electronic, medical, building and construction.
Report Highlights
The global use of bioplastics was 0.64 million metric tons in 2010 and 0.85 million metric tons in 2011. BCC expects that the use of bioplastics will increase up to 3.7 million metric tons by 2016, a compound annual growth rate (CAGR) of 34.3%.
Report Highlights
-
Bioplastics will grow at a significant pace over the next 5 years. The total worldwide use of bioplastics is valued at 571,712 metric tons in 2010. This usage is expected to grow at a 41.4% compound annual growth rate (CAGR) from 2010 through 2015, to reach 3,230,660 metric tons in 2015.
-
By 2010, ready access to crops such as soybeans, corn, and sugarcane moved the United States strongly into bioplastics. North American usage is estimated at 258,180 metric tons in 2010 and is expected to increase at a 41.4% compound annual growth rate (CAGR) to reach 1,459,040 metric tons in 2015.
-
Use of bioplastics got off to a faster start in Europe than in the United States. European usage is now reported at 175,320 metric tons in 2010 and is expected to increase at a 33.9% compound annual growth rate (CAGR) to reach 753,760 metric tons in 2015.
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