Global Biopolymers and Bioplastics Market Overview
According to SPER Market Research, the Global Biopolymers and Bioplastics Market is estimated to reach USD 66.21 billion by 2032 with a CAGR of 19.13%.
Plastic that may be moulded made from chemical compounds produced by or derived from microbes, such as bacteria or genetically altered plants. Thermoplastics derived from bio-based substances including sugar, starch, and seaweed are known as bioplastics. In addition to bioplastics, the large group of materials known as "biopolymers" also includes natural polymers including silk, chitin, and wool. Examples of polysaccharides, which are linear or branched polymeric carbohydrates, include starch, cellulose, and alginate. Examples of biopolymers include melanin, cutin and cutan (complex polymers of long-chain fatty acids), natural rubbers (polymers of isoprene), suberin and lignin, which are complex polyphenolic polymers. Bio-plastics are created utilising agricultural waste, plant and animal waste, human and animal waste, and other waste materials. These bio-plastics are then recycled and used to create new products.
In the packaging industry, bioplastics and biopolymers are frequently employed. Starch and vegetable waste crop by-products are two bio-based raw materials that are being used to meet stringent environmental regulations. Because of this, the goods produced by this sector are of lower quality than those created by typical plastic product manufacturing firms. Bio-plastics enable the longer-term storage of food products without refrigeration while maintaining their chemical properties. The market for bioplastics and biopolymers is primarily driven by increasing consumer demand for plastic convenience and high-quality food products, increasing urban population, which boosts food adoption, increasing processed or stored food and packaged food consumption for consumers globally, increasing disposable income of eatable food, and multifunctionality of packaging.
Market value growth will be accelerated even further by rising disposable income in developing nations and technology developments in industrialised nations. Market growth is anticipated to be inhibited by the number of biodegradable products used in novel ways. Throughout the projection period, increasing investments in cutting-edge technologies and the untapped market of developing economies are anticipated to offer prospective business prospects. Carry bags, pharmaceutical packaging, and food and beverage packaging are all potential packaging markets for bioplastics and biopolymers. Recyclable items are heavily utilised by businesses in the PLA sector, which supports market growth. The demand for bio-based packaging constructed from eco-friendly materials is the main factor driving the market for PLA-based polymers.
Impact of COVID-19 on the Global Biopolymers and Bioplastics Market
The fitting distribution of a number of items across the marketspace has been impacted by the COVID epidemic. This is mostly because major economies around the world, particularly those in North America, Western Europe, and parts of Asia-Pacific, have reduced operational capacity for product developers. Also, there are challenges for producers of biopolymers and bioplastics related to global material price volatility and supply disruptions of important feedstock. In order to secure essential materials for product formulations, manufacturers of bioplastics and biopolymers are essentially dependent on raw material suppliers around the world. On the other side, a decreased feedstock supply was experienced globally as a result of the fall in end-use market demand. Reduced distribution of goods and commodities led to the strict application of nationwide lockdowns, which decreased demand for packaging materials, decreased transportation, decreased vehicle use, and more. This interruption of product supplies had an immediate impact on demand and growth.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type. By Application, By End User.
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Amcor Limited, Arkema, BASF, Biome Bioplastics, Biotec, Braskem, Cargill Incorporated, Cereplast Inc., Eastman Chemical Company, Mitsubishi Chemical Holding Corporation, NatureWorks, Novamont, Plantic Technologies, Toray Industries, Total Corbion.
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Global Biopolymers and Bioplastics Market Segmentation:
1. By Type:
- Biodegradable
- Non-Biodegradable/Biobased
2. By Application, 2019-2032 (USD Million):
- Bottles
- Fibers
- Films
- Medical Implants
- Seed Coating
- Vehicle Components
3. By End User:
- Agriculture & Horticulture
- Automotive & Transportation
- Consumer Goods
- Packaging
- Textiles
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Biopolymers and Bioplastics Market (FY’2019-FY’2032)
- Overview of Global Biopolymers and Bioplastics Market
- Segmentation of Global Biopolymers and Bioplastics Market By Type (Biodegradable, Non-Biodegradable/Biobased)
- Segmentation of Global Biopolymers and Bioplastics Market By Application (Bottles, Fibers, Films, Medical Implants, Seed Coating, Vehicle Components, Others)
- Segmentation of Global Biopolymers and Bioplastics Market By End User (Agriculture & Horticulture, Automotive & Transportation, Consumer Goods, Packaging, Textiles, Others)
- Statistical Snap of Global Biopolymers and Bioplastics Market
- Growth Analysis of Global Biopolymers and Bioplastics Market
- Problems and Challenges in Global Biopolymers and Bioplastics Market
- Competitive Landscape in the Global Biopolymers and Bioplastics Market
- Impact of COVID-19 and Demonetization on Global Biopolymers and Bioplastics Market
- Details on Recent Investment in Global Biopolymers and Bioplastics Market
- Competitive Analysis of Global Biopolymers and Bioplastics Market
- Major Players in the Global Biopolymers and Bioplastics Market
- SWOT Analysis of Global Biopolymers and Bioplastics Market
- Global Biopolymers and Bioplastics Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Biopolymers and Bioplastics Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Biopolymers and Bioplastics Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Biopolymers and Bioplastics Market
7. Global Biopolymers and Bioplastics Market, By Type, 2019-2032 (USD Million)
7.1. Biodegradable
7.1.1. PBAT
7.1.2. PBS
7.1.3. PCL
7.1.4. PHA
7.1.5. PLA
7.1.6. Starch Blends
7.1.7. Others
7.2. Non-Biodegradable/Biobased
7.2.1. BIO-PABIO-PE
7.2.2. BIO-PEF
7.2.3. BIO-PET
7.2.4. BIO-PP
7.2.5. BIO-PTT
7.2.6. Others
8. Global Biopolymers and Bioplastics Market, By Application, 2019-2032 (USD Million)
8.1. Bottles
8.2. Fibers
8.3. Films
8.4. Medical Implants
8.5. Seed Coating
8.6. Vehicle Components
8.7. Others
9. Global Biopolymers and Bioplastics Market, By End User, 2019-2032 (USD Million)
9.1. Agriculture & Horticulture
9.1.1. Others
9.1.2. Tapes & Mulch Films
9.2. Automotive & Transportation
9.2.1. Exterior
9.2.2. Interior
9.2.3. Under Hood
9.3. Consumer Goods
9.3.1. Domestic Appliances
9.3.2. Electrical Appliances
9.3.3. Others
9.4. Packaging
9.4.1. Flexible Packaging
9.4.2. Rigid Packaging
9.5. Textiles
9.5.1. Medical & Healthcare Textile
9.5.2. Personal care, clothes and other textiles
9.6. Others
10. Global Biopolymers and Bioplastics Market, By Region, 2019-2032 (USD Million)
10.1. Global Biopolymers and Bioplastics Market Size and Market Share by Region (2019-2025)
10.2. Global Biopolymers and Bioplastics Market Size and Market Share by Region (2026-2032)
10.3. Asia-Pacific
10.3.1. Australia
10.3.2. China
10.3.3. India
10.3.4. Japan
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. Europe
10.4.1. France
10.4.2. Germany
10.4.3. Italy
10.4.4. Spain
10.4.5. United Kingdom
10.4.6. Rest of Europe
10.5. Middle East and Africa
10.5.1. Kingdom of Saudi Arabia
10.5.2. United Arab Emirates
10.5.3. Rest of Middle East & Africa
10.6. North America
10.6.1. Canada
10.6.2. Mexico
10.6.3. United States
10.7. Latin America
10.7.1. Argentina
10.7.2. Brazil
10.7.3. Rest of Latin America
11. Company Profiles
11.1. Amcor Limited
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Arkema
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. BASF
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Biome Bioplastics
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Biotec
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Braskem
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Cargill Incorporated
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Cereplast Inc.
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Eastman Chemical Company
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Mitsubishi Chemical Holding Corporation
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. NatureWorks
11.11.1. Company details
11.11.2. Financial outlook
11.11.3. Product summary
11.11.4. Recent developments
11.12. Novamont
11.12.1. Company details
11.12.2. Financial outlook
11.12.3. Product summary
11.12.4. Recent developments
11.13. Plantic Technologies
11.13.1. Company details
11.13.2. Financial outlook
11.13.3. Product summary
11.13.4. Recent developments
11.14. Toray Industries
11.14.1. Company details
11.14.2. Financial outlook
11.14.3. Product summary
11.14.4. Recent developments
11.15. Total Corbion
11.15.1. Company details
11.15.2. Financial outlook
11.15.3. Product summary
11.15.4. Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
