All updated as on -
In 2022, the market for biopolymers and bioplastics was estimated to be worth USD 22 billion. The market for biopolymers and bioplastics is anticipated to increase from USD 23.029 billion in 2023 to USD 32.29971486 billion in 2030, with a compound annual growth rate (CAGR) of 5.90% from 2023 to 2030. Key market drivers accelerating global growth include rising demand for environmentally friendly feedstocks across sectors and rising popularity of eco-friendly packaging.
Made from chemical compounds produced by or derived from microbes, such as bacteria or genetically altered plants, moldable plastic. Thermoplastics known as "bioplastics" are produced from bio-based substances like sugar, flour, and seaweed. Natural polymers like silk, chitosan, and wool are also included in the large group of materials known as biopolymers, which also includes bioplastics. Polysaccharides, which are linear or branched polymeric carbohydrates, include substances like starch, cellulose, and alginate. Biopolymers include, for instance, melanin, cutin and cutan (complex polymers of long-chain fatty acids), suberin and lignin (complex polyphenolic polymers), and natural rubbers (polymers of isoprene). Bio-plastics are produced utilizing agricultural waste, plant and animal waste, and human and animal waste. These materials are then recycled to create new products. Bioplastics and biopolymers are widely used in the packaging sector. To meet with strict government environmental laws, bio-based raw materials including starch and vegetable waste crop by-products are now being utilised. As a result, this industry's products are of lesser quality than those made by traditional plastic product manufacturing companies. Food items can be preserved in bio-plastics for longer periods of time without refrigeration while keeping their chemical qualities.
The market for bioplastics is expanding along with initiatives to reduce the usage of conventional plastics that are non-biodegradable and raise knowledge of sustainable plastic alternatives. Traditional plastics can spend a long time in landfills since they take decades to disintegrate and are mainly made of petroleum. The rate of breakdown of biodegradable plastics by the actions of microorganisms is substantially faster than that of conventional plastics. Biodegradable plastics break down faster when they are discarded and can be absorbed back into the natural system. A greater number of people are switching to bioplastics and biopolymers as a result of this rising consumer awareness.
Bioplastics and biopolymers' performance and durability limitations prevent them from being widely used in a variety of industries, such as packaging, electronics, agriculture, and the automobile industry. When compared to traditional petroleum-based polymers, bio-based polymers have different functional characteristics, including lower barriers to air, water, oxygen, and heat, which limits their use in the packaging of food, medicines, personal care items, and electronics. Comparing bio-based polymers to traditional petroleum-based plastics, their low mechanical characteristics and processability have been limiting their growth and preventing their use in industries like agriculture, automotive, and others. For instance, the density of bioplastics is often higher than that of polyolefin, which has a density of 0.9 g/cm3, ranging from 1.2 to 1.3 g/cm3. Therefore, when utilized in automobiles, bioplastics add weight, which raises fuel consumption.
The novel coronavirus (COVID-19) pandemic outbreak has resulted in stock market volatility, strict border controls, and a worldwide lockdown, forcing big businesses, governments, and the plastics industry to replenish supply chains. The COVID-19 epidemic is having a significant impact on the social and financial sectors around the world, and all major industries are suffering difficulties. The coronavirus pandemic has had an uneven effect on the bio-based industry. While some businesses are helping with technological solutions to stop the epidemic, others seem to be witnessing an increase in demand for biodegradable takeout containers.
Customers all across the world are now aware of the negative environmental effects that plastics have. Traditional plastics, which make up the majority of society, take a very lengthy time to separate and breakdown and spend a considerable amount of time in landfills.In order to solve this issue, biodegradable plastics and polymers are swiftly separated, thrown away, and recycled back into the regular framework—along with the tranquility of biodegradable and biopolymer plastics.Microorganisms workout far more quickly than conventional plastics.During the forecast period, this component drives the market CAGR.
The market for bioplastics and biopolymers is also primarily driven by rising consumer demand for plastic convenience and high-quality food products, increasing urbanization, which boosts food adoption, rising processed and packaged food consumption globally, rising disposable income for eatable food, and packaging's multifunctionality. One of the end-use sectors that dominates the bioplastics and biopolymers market is packaging. Due to environmental concerns, bioplastics, especially biodegradable bioplastics, are gaining popularity as alternatives to traditional plastics. Bioplastics are being used more and more in containers for food service, bottles, films, clamshell cartons, garbage collection bags, carrier bags, and mulch films. In addition, the market is anticipated to expand as a result of growing consumer demand for packaged foods, advancements in bioplastic packaging, rising consumer health concerns, and increased packing capacity on durable food goods. The development of novel bioplastics and biopolymers products, expanding pharmaceutical, food, and other sectors, and shifting consumer lifestyles in developed nations are anticipated to propel the Biopolymers & Bioplastics market revenue during the forecast period.
Report Coverage
Global Bioplastics & Biopolymers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bioplastics & Biopolymers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bioplastics & Biopolymers competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bioplastics & Biopolymers market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bioplastics & Biopolymers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bioplastics & Biopolymers market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
NatureWorks LLC (US), Braskem (Brazil), BASF SE (Germany), TotalEnergies Corbion (Netherlands), Novamont S.P.A (Italy), Biome Bioplastics Limited (UK), Mitsubishi Chemical Group Corporation (Japan), Biotec Biologische Naturverpackungen GmbH & Co. (Germany), Plantic Technologies Limited (Australia), and Toray Industries, Inc. (Japan), Arkema (France), Biome Bioplastics Limited (US), Covestro (Germany), Kaneka Corporation (Japan), United Biopolymers (US).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bioplastics & Biopolymers market based on the below-mentioned segments:
Global Bioplastics & Biopolymers Market, By Type
Biodegradable
Non-Biodegradable
Others
Global Bioplastics & Biopolymers Market, By End User
Packaging
Consumer Goods
Automotive and Transportation
Textile
Agriculture
Others
Global Bioplastics & Biopolymers market, Regional Analysis
Made from chemical compounds produced by or derived from microbes, such as bacteria or genetically altered plants, moldable plastic. Thermoplastics known as "bioplastics" are produced from bio-based substances like sugar, flour, and seaweed. Natural polymers like silk, chitosan, and wool are also included in the large group of materials known as biopolymers, which also includes bioplastics. Polysaccharides, which are linear or branched polymeric carbohydrates, include substances like starch, cellulose, and alginate. Biopolymers include, for instance, melanin, cutin and cutan (complex polymers of long-chain fatty acids), suberin and lignin (complex polyphenolic polymers), and natural rubbers (polymers of isoprene). Bio-plastics are produced utilizing agricultural waste, plant and animal waste, and human and animal waste. These materials are then recycled to create new products. Bioplastics and biopolymers are widely used in the packaging sector. To meet with strict government environmental laws, bio-based raw materials including starch and vegetable waste crop by-products are now being utilised. As a result, this industry's products are of lesser quality than those made by traditional plastic product manufacturing companies. Food items can be preserved in bio-plastics for longer periods of time without refrigeration while keeping their chemical qualities.
The market for bioplastics is expanding along with initiatives to reduce the usage of conventional plastics that are non-biodegradable and raise knowledge of sustainable plastic alternatives. Traditional plastics can spend a long time in landfills since they take decades to disintegrate and are mainly made of petroleum. The rate of breakdown of biodegradable plastics by the actions of microorganisms is substantially faster than that of conventional plastics. Biodegradable plastics break down faster when they are discarded and can be absorbed back into the natural system. A greater number of people are switching to bioplastics and biopolymers as a result of this rising consumer awareness.
Bioplastics and biopolymers' performance and durability limitations prevent them from being widely used in a variety of industries, such as packaging, electronics, agriculture, and the automobile industry. When compared to traditional petroleum-based polymers, bio-based polymers have different functional characteristics, including lower barriers to air, water, oxygen, and heat, which limits their use in the packaging of food, medicines, personal care items, and electronics. Comparing bio-based polymers to traditional petroleum-based plastics, their low mechanical characteristics and processability have been limiting their growth and preventing their use in industries like agriculture, automotive, and others. For instance, the density of bioplastics is often higher than that of polyolefin, which has a density of 0.9 g/cm3, ranging from 1.2 to 1.3 g/cm3. Therefore, when utilized in automobiles, bioplastics add weight, which raises fuel consumption.
The novel coronavirus (COVID-19) pandemic outbreak has resulted in stock market volatility, strict border controls, and a worldwide lockdown, forcing big businesses, governments, and the plastics industry to replenish supply chains. The COVID-19 epidemic is having a significant impact on the social and financial sectors around the world, and all major industries are suffering difficulties. The coronavirus pandemic has had an uneven effect on the bio-based industry. While some businesses are helping with technological solutions to stop the epidemic, others seem to be witnessing an increase in demand for biodegradable takeout containers.
Customers all across the world are now aware of the negative environmental effects that plastics have. Traditional plastics, which make up the majority of society, take a very lengthy time to separate and breakdown and spend a considerable amount of time in landfills.In order to solve this issue, biodegradable plastics and polymers are swiftly separated, thrown away, and recycled back into the regular framework—along with the tranquility of biodegradable and biopolymer plastics.Microorganisms workout far more quickly than conventional plastics.During the forecast period, this component drives the market CAGR.
The market for bioplastics and biopolymers is also primarily driven by rising consumer demand for plastic convenience and high-quality food products, increasing urbanization, which boosts food adoption, rising processed and packaged food consumption globally, rising disposable income for eatable food, and packaging's multifunctionality. One of the end-use sectors that dominates the bioplastics and biopolymers market is packaging. Due to environmental concerns, bioplastics, especially biodegradable bioplastics, are gaining popularity as alternatives to traditional plastics. Bioplastics are being used more and more in containers for food service, bottles, films, clamshell cartons, garbage collection bags, carrier bags, and mulch films. In addition, the market is anticipated to expand as a result of growing consumer demand for packaged foods, advancements in bioplastic packaging, rising consumer health concerns, and increased packing capacity on durable food goods. The development of novel bioplastics and biopolymers products, expanding pharmaceutical, food, and other sectors, and shifting consumer lifestyles in developed nations are anticipated to propel the Biopolymers & Bioplastics market revenue during the forecast period.
Report Coverage
Global Bioplastics & Biopolymers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bioplastics & Biopolymers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bioplastics & Biopolymers competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bioplastics & Biopolymers market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | NatureWorks LLC (US), Braskem (Brazil), BASF SE (Germany), TotalEnergies Corbion (Netherlands), Novamont S.P.A (Italy), Biome Bioplastics Limited (UK), Mitsubishi Chemical Group Corporation (Japan), Biotec Biologische Naturverpackungen GmbH & Co. (Germany), Plantic Technologies Limited (Australia), and Toray Industries, Inc. (Japan), Arkema (France), Biome Bioplastics Limited (US), Covestro (Germany), Kaneka Corporation (Japan), United Biopolymers (US). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Bioplastics & Biopolymers Market from 2021 to 2030.
- Market Forecast for Bioplastics & Biopolymers Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Bioplastics & Biopolymers competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Bioplastics & Biopolymers
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bioplastics & Biopolymers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bioplastics & Biopolymers market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
NatureWorks LLC (US), Braskem (Brazil), BASF SE (Germany), TotalEnergies Corbion (Netherlands), Novamont S.P.A (Italy), Biome Bioplastics Limited (UK), Mitsubishi Chemical Group Corporation (Japan), Biotec Biologische Naturverpackungen GmbH & Co. (Germany), Plantic Technologies Limited (Australia), and Toray Industries, Inc. (Japan), Arkema (France), Biome Bioplastics Limited (US), Covestro (Germany), Kaneka Corporation (Japan), United Biopolymers (US).
Primary Target Market
- Market Players of Bioplastics & Biopolymers
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Bioplastics & Biopolymers market based on the below-mentioned segments:
Global Bioplastics & Biopolymers Market, By Type
Biodegradable
Non-Biodegradable
Others
Global Bioplastics & Biopolymers Market, By End User
Packaging
Consumer Goods
Automotive and Transportation
Textile
Agriculture
Others
Global Bioplastics & Biopolymers market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive bioplastics biopolymers market market research and competitor analysis for your business to help you develop more profound insights into the bioplastics biopolymers market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the bioplastics biopolymers market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.