Non-Biodegradable Plastics to Lead Bioplastics & Biopolymers Market During Forecast Period

In recent years, there has been a growing awareness that the use of non-biodegradable plastics is leading to large amounts of plastic waste accumulating in landfills and oceans. Recognizing the need to find new ways to recycle and reduce the use of these harmful materials, researchers have been working on finding alternatives to conventional plastics.

In this article, we will explore three types of non-biodegradable plastics that are being studied as potential replacements for traditional plastic materials. We will also discuss some of the benefits and drawbacks of each type of plastic, and suggest ways in which you can start using them in your own life.

BIO-PET TO DOMINATE NON-BIODEGRADABLE BIOPLASTICS & BIOPOLYMERS MARKET BETWEEN 2020 AND 2025

Bio-PET is the future of non-biodegradable plastics and this is why investors and businesses should start taking notice.

Bio-PET is made of renewable resources such as vegetable oils and corn starchy products. This makes it a more sustainable product than traditional plastics. Bio-PET also has high thermal stability and good chemical resistance. This means that it can be used in a variety of applications, from food packaging to consumer goods.

As the market for non-biodegradable plastics continues to grow, Bio-PET is poised to become the dominant player. It has many advantages over traditional plastic materials, making it a viable option for businesses and investors looking to make a sustainable impact.

What are Non-Biodegradable plastics?

Non-biodegradable plastics are made of materials that cannot be broken down by natural processes like bacteria, fungi, or oxidation. This means that these plastics can stay in the environment for a long time, potentially polluting water supplies and creating environmental problems. Some people argue that non-biodegradable plastics are a bigger problem than biodegradable plastics because they can take up more space in landfills and cause more environmental damage.

The Problem with Non-Biodegradable Plastics

Non-biodegradable plastics are posing a serious environmental problem. These materials can take hundreds or even thousands of years to break down in the environment, potentially harming wildlife and waterways.

There are many types of non-biodegradable plastics, but the most common ones include polyethylene, polypropylene, and PVC. These materials are often used in products like furniture, packaging, and toys.

When these plastics are used in large quantities, they can cause major problems. For example, when polyethylene is burned, it creates greenhouse gases that contribute to climate change. And when polypropylene is dumped into waterways, it can create toxic pollutants that harm fish and other aquatic life.

It’s important to use biodegradable alternatives whenever possible. But we can’t rely on manufacturers to make the switch on their own. We need to demand that they do it, and we need to make sure that our government is doing its part as well.

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Ways to Reduce our Use of Non-Biodegradable Plastics

There are many ways to reduce our use of non-biodegradable plastics. Here are a few suggestions:

1. Use biodegradable materials whenever possible.

2. Use biodegradable packaging when necessary.

3. Recycle biodegradable materials when possible.

4. Educate yourself and others about the benefits of using biodegradable materials.

Alternatives to Non-Biodegradable Plastics

Non-biodegradable plastics are a growing problem. They take up space in landfills and are damaging to the environment. There are many alternatives to non-biodegradable plastics that are environmentally friendly.

Some alternatives to non-biodegradable plastics include:

- compostable materials

- recycled materials

- bioplastics

- natural materials

Conclusion

The world is quickly moving away from non-biodegradable plastics and towards biodegradable plastics. This is due to the many negative effects that non-biodegradable plastics have on the environment, including harming marine life, releasing harmful chemicals into our air and water supplies, and contributing to climate change. Bioplastics are made from renewable resources like plant materials or biomass, which means they can be decomposed by natural processes over time.

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Packaging Industry Dominated Bioplastics & Biopolymers Market in Apac

Global bioplastics & biopolymers market size is projected to grow from USD 10.7 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 22.7% between 2021 and 2026. Bioplastics are plastics derived from renewable sources such as corn, potatoes, rice, soy, sugarcane, wheat, and vegetable oil, while biopolymers are naturally occurring polymers. A bioplastic may or may not be biodegradable. Bioplastics are mainly segmented into biodegradable and non-biodegradable plastics for various applications in the packaging, consumer goods, automotive & transportation, agriculture & horticulture, medical, and other end-use industries.

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Packaging is the largest end-use industry for the application of bioplastics & biopolymers. They accounted for the share of 61.6%, in 2020, for the global bioplastics & biopolymers market. Increasing environmental regulations and changes in the lifestyle of consumers have increased the demand for bioplastics & biopolymers in the packaging industry. Plastics have high durability and impermeability to water, which has encouraged their use in packaging. Packaging applications of bioplastics & biopolymers include food packaging, healthcare packaging, cosmetic & personal care packaging, shopping bags, and others.

High potential in emerging countries of APAC

The bioplastics & biopolymers market players are continuously implementing organic and inorganic strategies for their growth. In recent years, the players have made many strategic developments in the emerging countries of APAC. For instance, in 2019, Total Corbion set up a PLA Plant in Rayong, Thailand, with a production capacity of 75,000 tons per year. In the same year, Mitsubishi Chemical Holding Corporation (Japan) and Lenovo Group Limited (China) entered into a joint venture to produce a bioplastic-based body (3D shape rear panel) for smartphones. In addition, Indonesia is exploring bioplastic alternatives, such as seaweed. Evoware, a local player, provides patented seaweed-based packaging. The company is producing containers made from seaweed. The regulations related to the environment are expected to increase, which would eventually propel the demand for bioplastics in these countries in the future. Moreover, Southeast Asia is rich in bio-based feedstock required to produce bioplastic as it has local access to sustainable raw materials. Thus, regulations, coupled with the easy availability of feedstock, will, in turn, help sustain the demand for bioplastics during the forecast period.

The key players in this market are NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia).

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Bioplastics & Biopolymers Market worth $29.7 billion by 2026

The report “Bioplastics & Biopolymers Market by Type (Non-Biodegradable/Bio-Based, Biodegradable), End-Use Industry (Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture), Region – Global Forecast to 2026″, global bioplastics & biopolymers market size is projected to grow from USD 10.7 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 22.7% between 2021 and 2026. Bioplastics are plastics derived from renewable sources such as corn, potatoes, rice, soy, sugarcane, wheat, and vegetable oil, while biopolymers are naturally occurring polymers. Bioplastic may or may not be biodegradable. Bioplastics are mainly segmented into biodegradable and non-biodegradable plastics for various applications in packaging, consumer goods, automotive & transportation, agriculture & horticulture, medical, and other end-use industries.

Browse 142 market data Tables and 50 Figures spread through 244 Pages and in-depth TOC on “Bioplastics & Biopolymers Market by Type (Non-Biodegradable/Bio-Based, Biodegradable), End-Use Industry (Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture), Region – Global Forecast to 2026”
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Biodegradable bioplastics & biopolymers types will account for the major share of the market in terms of value

Biodegradable are the largest type segment in terms of value during the forecast period. Biodegradable polymers are high molecular weight compounds that decompose naturally in the environment through bacteria and other microorganisms during a span of time. The process produces natural byproducts, such as biomass, water, gases, and inorganic salts. Biodegradable polymers are made from renewable sources such as corn oil, starch, orange peels, and plant materials and deteriorate into natural by-products. The growing concerns related to environmental pollution and non-renewable finite petroleum resources are leading to the increasing use of biodegradable bioplastics & biopolymers.

In terms of value, the packaging segment is projected to account for the largest share of the bioplastics & biopolymers market, by end-use industry, during the forecast period.

Packaging is one of the end-use industries that dominate the bioplastics & biopolymers market. Bioplastics, and especially biodegradable bioplastics, have increasing demand to replace conventional plastics to address environmental concerns. The use of bioplastics is increasing in applications such as bottles, films, clamshell cartons, waste collection bags, carrier bags, mulch films, and food service ware.

APAC is estimated to be the fastest-growing market for bioplastics & biopolymers between 2021 and 2026.

APAC is estimated to be the fastest-growing market for bioplastics & biopolymers between 2021 and 2026. Growth in APAC is primarily attributed to the fast-paced expansion of the economies such as China, India, and Indonesia. Growing population increased consumer spending, and rapid industrial expansion are the major factors responsible for the high growth rate of the region. Growing environmental concern and awareness along with increasing regulations are the key factors driving the demand for bioplastics & biopolymers. The manufacturers focus on the high-growth market to gain market share and increase their profitability.

The key players in this market are NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia).

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NatureWorks (US) and Braskem (Brazil) are Leading Players in the Bioplastics & Biopolymers Market

The global bioplastics & biopolymers market size is expected to grow from USD 10.7 billion in 2021 to reach USD 29.7 billion by 2026, at a CAGR of 22.7%.

The increasing demand for bioplastics & biopolymers material in various end-use segments coupled with stringent regulatory and sustainability mandates concerning healthcare safety is driving the market for bioplastics & biopolymers. Additionally, the growing industrial development in the emerging economies, such as APAC and South America along with the rising demand for bioplastics & biopolymers are also driving the market demand.

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The key players in this market are BASF (Germany), Mitsubishi Chemical Holding Corporation (Japan), NatureWorks (US), Total Corbion (Netherlands), Toray Industries (Japan), Novamont (Italy), Biotec (Germany), Biome Bioplastics (UK), Braskem (Brazil), and Plantic Technologies (Australia). These players have adopted various strategies such as investment & expansion, merger & acquisition, partnership & agreement, and new product launch in order to strengthen their market position.

For instance, in April 2021, NatureWorks announced a new strategic partnership with IMA Coffee, which is a market leader in coffee handling processing and packaging. This partnership aims at increasing the market reach for high-performing compostable K-cup in North America. NatureWorks is jointly owned by PTT Global Chemical (Thailand) and Cargill (US). It manufactures biopolymers derived from renewable resources, such as corn, starch, and vegetable oils. It is among the leading advanced material companies and offers a broad portfolio of renewably sourced polymers and chemicals for the packaging and chemical industries. The company offers Ingeo Biopolymer, which is used in 3D printing, beauty and household, building & construction, food & beverage packaging, medical & hygiene, and other applications. It also offers PLA-based biopolymer performance material designed for use in fresh food packaging and food service ware applications. NatureWorks operates in North America, Europe, and APAC, with manufacturing facilities in the US.

Braskem was founded in 2002, with the consolidation of six companies, namely, Copene, OPP, Trikem, Proppet, Nitrocarbono, and Polialden. The company operates in the chemical and petrochemical industry and thus, plays an important role in other production chains that are essential to economic development. The company produces polyethylene (PE), polypropylene (PP) and polyvinylchloride (PVC) resins, in addition to basic chemical inputs such as ethylene, propylene, butadiene, benzene, toluene, chlorine, soda, and solvents, among others. The company offers bioplastics through its biopolymers segment. Braskem is the first company that started to produce on a world scale unit BIO- PE which is made out of sugarcane. The company produces 16 million metric tons per year of thermoplastic resins and other chemical products. It exports the products to clients in approximately 100 countries and operates 41 industrial units, which are located in Brazil, the US, Germany, and Mexico as well as 16 regional offices in other countries to provide integrated solutions for clients. the latter in partnership with the Mexican company, Idesa.

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High potential in emerging countries of APAC is driving the Bioplastics & Biopolymers Market

 

Global bioplastics & biopolymers market size is projected to grow from USD 10.7 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 22.7% between 2021 and 2026. Bioplastics are plastics derived from renewable sources such as corn, potatoes, rice, soy, sugarcane, wheat, and vegetable oil, while biopolymers are naturally occurring polymers. A bioplastic may or may not be biodegradable. Bioplastics are mainly segmented into biodegradable and non-biodegradable plastics for various applications in the packaging, consumer goods, automotive & transportation, agriculture & horticulture, medical, and other end-use industries.

To know about the assumptions considered for the study download the pdf brochure

APAC is estimated to be the fastest-growing market for bioplastics & biopolymers between 2021 and 2026. Growth in APAC is primarily attributed to the fast-paced expansion of the economies such as China, India, and Indonesia. Growing population increased consumer spending, and rapid industrial expansion are the major factors responsible for the high growth rate of the region. Growing environmental concern and awareness along with increasing regulations are the key factors driving the demand for bioplastics & biopolymers. The manufacturers focus on the high-growth market to gain market share and increase their profitability.

The bioplastics & biopolymers market players are continuously implementing organic and inorganic strategies for their growth. In recent years, the players have made many strategic developments in the emerging countries of APAC. For instance, in 2019, Total Corbion set up a PLA Plant in Rayong, Thailand, with a production capacity of 75,000 tons per year. In the same year, Mitsubishi Chemical Holding Corporation (Japan) and Lenovo Group Limited (China) entered into a joint venture to produce a bioplastic-based body (3D shape rear panel) for smartphones. In addition, Indonesia is exploring bioplastic alternatives, such as seaweed. Evoware, a local player, provides patented seaweed-based packaging. The company is producing containers made from seaweed. The regulations related to the environment are expected to increase, which would eventually propel the demand for bioplastics in these countries in the future. Moreover, Southeast Asia is rich in bio-based feedstock required to produce bioplastic as it has local access to sustainable raw materials. Thus, regulations, coupled with the easy availability of feedstock, will, in turn, help sustain the demand for bioplastics during the forecast period.

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COVID-19 impact on global bioplastics & biopolymers market

Bioplastics & biopolymers are used in various industries, such as packaging, consumer goods, automotive & transportation, textiles and agriculture & horticulture. However, due to the ongoing pandemic, the industries had been affected throughout the world. Manpower shortage, logistical restrictions, material unavailability, and other restrictions had slowed the growth of the industry during the previous year. Due to the outbreak of the Covid-19 pandemic and its gradual spread, industries of essential needs, like getting foods and required supplies safely to the consumers are increasingly affected. The global impact has led to sharp reduction in demand for some types of packaging which are condemned as non-essential. On the other hand the demand for essential packaging such as e-commerce shipment has seen massive growth. These changes are presenting the packaging companies with new set of challenges. The affect of Covid-19 pandemic on the packaging industry will be mixed due to these reasons.

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The Covid-19 pandemic has affected the normal functioning of companies in the consumer goods sector. The successful marketing model has been impacted by the pandemic, which has furthered the proper functioning of business model. Due to the supply chain disruptions around the globe, 76% of the businesses had to reduce revenue targets by an average of 23%, as per Institute for Supply Management Research. The sector has mixed market feelings as some sectors such as household cleaning and frozen foods have seen increase in consumer demands whereas others have seen drop in sales and significant decrease in food traffic in retail stores. The companies had to become flexible with the change in consumer demand towards e-commerce. This as forced the entire consumer goods industry into digital age.

The automotive industry suffered largely due to the Covid-19 impact in 2020. However, the market has since rebounded during the previous months to show year-on-year growth in China, Europe and the US. However, in the long run, without the proper solution the demand is to remain moderate during the coming years. The industry also saw supply chain disruption in Chinese parts export, large scale manufacturing disruptions and closing of assembly plants

APAC is estimated to be the fastest-growing market for bioplastics & biopolymers between 2021 and 2026. Growth in APAC is primarily attributed to the fast-paced expansion of the economies such as China, India, and Indonesia. Growing population increased consumer spending, and rapid industrial expansion are the major factors responsible for the high growth rate of the region. Growing environmental concern and awareness along with increasing regulations are the key factors driving the demand for bioplastics & biopolymers. The manufacturers focus on the high-growth market to gain market share and increase their profitability.

The key players in this market are NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia).

Don’t miss out on business opportunities in Bioplastics & Biopolymers Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

NatureWorks (US) and Braskem (Brazil) are Leading Players in the Bioplastics & Biopolymers Market

The global bioplastics & biopolymers market size is projected to reach USD 29.7 billion by 2026 growing at a CAGR of 22.7% from 2021 to 2026. The increasing demand for bioplastics & biopolymers material in various end-use segments coupled with stringent regulatory and sustainability mandates concerning healthcare safety is driving the market for bioplastics & biopolymers.

The increase in demand for bioplastics & biopolymers and the growing industrial development in the emerging economies, such as APAC and South America, are driving the market. The key players in this market are NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia). These players have adopted various strategies such as investment & expansion, merger & acquisition, partnership & agreement, and new product launch in order to strengthen their market position. For instance, in April 2021, NatureWorks announced a new strategic partnership with IMA Coffee, which is a market leader in coffee handling processing and packaging. This partnership aims at increasing the market reach for high-performing compostable K-cup in North America.

To know about the assumptions considered for the study download the pdf brochure

NatureWorks is jointly owned by PTT Global Chemical (Thailand) and Cargill (US). It manufactures biopolymers derived from renewable resources, such as corn, starch, and vegetable oils. It is among the leading advanced material companies and offers a broad portfolio of renewably sourced polymers and chemicals for the packaging and chemical industries. The company offers Ingeo Biopolymer, which is used in 3D printing, beauty and household, building & construction, food & beverage packaging, medical & hygiene, and other applications. It also offers PLA-based biopolymer performance material designed for use in fresh food packaging and food service ware applications. NatureWorks operates in North America, Europe, and APAC, with manufacturing facilities in the US.
In April 2021, NatureWorks announced a new strategic partnership with IMA Coffee, which is a market leader in coffee handling processing and packaging. This partnership aims at increasing the market reach for high-performing compostable K-cup in North America.

Braskem was founded in 2002, with the consolidation of six companies, namely, Copene, OPP, Trikem, Proppet, Nitrocarbono, and Polialden. The company operates in the chemical and petrochemical industry and thus, plays an important role in other production chains that are essential to economic development. The company produces polyethylene (PE), polypropylene (PP) and polyvinylchloride (PVC) resins, in addition to basic chemical inputs such as ethylene, propylene, butadiene, benzene, toluene, chlorine, soda, and solvents, among others. The company offers bioplastics through its biopolymers segment. Braskem is the first company that started to produce on a world scale unit BIO- PE which is made out of sugarcane. The company produces 16 million metric tons per year of thermoplastic resins and other chemical products. It exports the products to clients in approximately 100 countries and operates 41 industrial units, which are located in Brazil, the US, Germany, and Mexico as well as 16 regional offices in other countries to provide integrated solutions for clients. the latter in partnership with the Mexican company, Idesa.
In August 2019, Braskem and Ledesma (Argentina), manufacturer of natural agroindustrial products, have collaborated to deliver Ledesma + Bio, which is a line of 100% sustainable notebooks made entirely of sugarcane. Such initiatives are expected to cater to the needs of the bioplastics & biopolymers market.

Don’t miss out on business opportunities in Bioplastics & Biopolymers Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Shift in consumer preference toward eco-friendly plastic products is driving Bioplastics & Biopolymers Market

 

The global bioplastics & biopolymers market size is expected to grow from USD 10.7 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 22.7% between 2021 and 2026. Bioplastics are plastics derived from renewable sources such as corn, potatoes, rice, soy, sugarcane, wheat, and vegetable oil, while biopolymers are naturally occurring polymers. A bioplastic may or may not be biodegradable. Bioplastics are mainly segmented into biodegradable and non-biodegradable plastics for various applications in the packaging, consumer goods, automotive & transportation, agriculture & horticulture, medical, and other end-use industries.

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Consumer awareness regarding sustainable plastic solutions and pervasive efforts to eliminate the use of non-biodegradable conventional plastics are contributing to the market growth of bioplastics. Traditional plastics, which are generally petroleum-based, take decades to break down or degrade and lay in the landfills for a long period. Biodegradable plastics break down faster when they are discarded and are absorbed back into the natural system. In addition, the rate of decomposition of biodegradable plastics by the activities of microorganisms is much faster than that of traditional plastics.

Biodegradable plastics break down 60% and more within 180 days or less as compared with traditional plastics, which take around 1,000 years to break down. Increasing landfills and waste piles have emerged as serious environmental hazards and resulted in numerous adverse effects on flora and fauna of the ecosystem.

The growing consumer awareness regarding these adverse effects (arising from the use of traditional plastics) is encouraging the use of biodegradable plastics. Moreover, the use of conventional polymers may pose a threat to human health and safety due to their toxic content. For example, PVC may cause genetic disorders, ulcers, deafness, and vision failure. The table below lists the risks associated with the use of conventional polymers/plastics. Such high risks increase the demand for products that are safe for human health. Therefore, increasing consumer awareness, along with governmental legislation, is driving the use of bio-based products such as biodegradable plastics and bio-based plastics.

APAC is estimated to be the fastest-growing market for bioplastics & biopolymers between 2021 and 2026. Growth in APAC is primarily attributed to the fast-paced expansion of the economies such as China, India, and Indonesia. Growing population increased consumer spending, and rapid industrial expansion are the major factors responsible for the high growth rate of the region. Growing environmental concern and awareness along with increasing regulations are the key factors driving the demand for bioplastics & biopolymers. The manufacturers focus on the high-growth market to gain market share and increase their profitability.

The key players in this market are NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia).

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Attractive Opportunities in the Bioplastics & Biopolymers Market

The global bioplastics & biopolymers market size is expected to grow from to grow from USD 10.5 billion in 2020 and USD 27.9 billion by 2025, at a CAGR of 21.7% during the forecast period. The major factors driving the market are the focus of government on green procurement policies and regulations across the globe and increasing aftermarket for bioplastics & biopolymers.

The major players in the bioplastics & biopolymers market include NatureWorks (Italy), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia). These players have adopted various growth strategies to expand their presence in the market further. New product launch, joint ventures, and investment & expansion have been the leading strategies adopted by the major players in the last five years to strengthen their competitiveness and broaden their customer base in the global bioplastics & biopolymers market.

To know about the assumptions considered for the study download the pdf brochure

NatureWorks is the largest player operating in the bioplastics & biopolymers market. The company has manufacturing facilities in North America and produces bioplastics & biopolymers for 3D printing, beauty and household, building & construction, food & beverage packaging, medical & hygiene, and other applications for worldwide customers. The company has adopted new product launch and expansion strategies to broaden its product portfolio and maintain its position in the market.
In May 2019, the company developed a new Ingeo 3D450 for the formulation for use in dual extrusion 3D printers. The new formulation is produced to support materials that include complex industrial parts such as jigs and fixtures, patterns for investment metal casting, and architectural and retail models

Braskem is one of the largest producers of bioplastics & biopolymers in the world. The company has 41 manufacturing facilities worldwide. In recent years, Braskem has adopted several business strategies to strengthen its position in the market. It has adopted various growth strategies, including joint ventures and new product launches, to maintain its leading position in the bioplastics & biopolymers market.
In August 2019, Braskem and Ledesma (Argentina), manufacturer of natural agroindustrial products, have collaborated to deliver Ledesma + Bio, which is a line of 100% sustainable notebooks made entirely of sugarcane. Such initiatives are expected to cater to the needs of the bioplastics & biopolymers market.

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Green procurement policies and regulations to increase the demand for bioplastics & biopolymers

 

The global bioplastics & biopolymers market size is expected to grow from to grow from USD 10.5 billion in 2020 and USD 27.9 billion by 2025, at a CAGR of 21.7% during the forecast period. The major factors driving the bioplastics & biopolymers industry include the focus of governments on green procurement policies and regulations and increasing use of bioplastics in the packaging end-use industry.

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The growing need to reduce the dependency on conventional fossil fuels is propelling the demand for bio-based products. This is also supported by the new policies and regulations implemented and adopted by the government bodies globally. These regulations include banning or implementing additional surcharges on the use of conventional plastics in applications, such as shopping bags, packaging materials, and disposables. These increasing regulations and prohibitions against plastic bags and other plastic items are driving the market for bioplastics, especially biodegradable plastics worldwide.

Packaging is one of the end-use industries that dominate the bioplastics & biopolymers market. Bioplastics, and especially biodegradable bioplastics, have increasing demand to replace conventional plastics to address environmental concerns. The use of bioplastics is increasing in applications such as bottles, films, clamshell cartons, waste collection bags, carrier bags, mulch films, and food service-ware.

Based on region, the bioplastics & biopolymers market has been segmented into APAC, Europe, North America, RoW. APAC is the fastest-growing bioplastics & biopolymer market owing to the increasing consumer preferences towards eco-friendly plastic products with the rapidly growing population of the region. Increasing consumer purchasing power has propelled the growth of various end-use industries in this region. These factors are expected to lead to increasing demand for bioplastics & biopolymers in the region during the forecast period.

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Increasing packaging industry leads to a growing demand for Bioplastics & Biopolymers Market

Bioplastics & Biopolymers market size is expected to grow from USD 10.5 billion in 2020 and USD 27.9 billion by 2025, at a CAGR of 21.7%. The major factors driving the bioplastics & biopolymers industry include the focus of governments on green procurement policies and regulations and increasing use of bioplastics in the packaging end-use industry.

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Packaging is one of the end-use industries that dominate the bioplastics & biopolymers market. Bioplastics, and especially biodegradable bioplastics, have witnessed an increased demand to replace conventional plastics to address environmental concerns. The use of bioplastics is increasing in applications such as bottles, films, clamshell cartons, waste collection bags, carrier bags, mulch films, and food service-ware.

APAC is the fastest-growing bioplastics & biopolymers market.
APAC is the fastest-growing market for bioplastics & biopolymers, globally. The major end-user industries of bioplastics & biopolymers are packaging, consumer goods, automotive & transportation, and agriculture & horticulture. Industrialization, growing population, and urbanization of APAC are boosting the bioplastics & biopolymers market.

The bioplastics & biopolymers market comprises major players such as NatureWorks (Italy), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia), Arkema (France), Cardia Bioplastics (Australia), Futerro (Belgium), FKUR Kunstsoff (Germany), Green Dot Bioplastics (US), PTT MCC Biochem (Thailand), Succinity (Germany), Synbra Technology (Netherland), Tianan Biologic Materials (China), and Zhejiang Hisun Biomaterials (China).

Bioplastics & Biopolymers and Its Key Opportunities and Challenges

The market size of bioplastics& biopolymers is estimated at USD 6.95 billion in 2018 and is projected to reach USD 14.92 billion by 2023, at a CAGR of 16.5% from 2018 to 2023.

Growing consumption of bioplastics & biopolymers in the packaging industry, growing demand for bioplastics, and increasing environmental awareness drive the bioplastics & biopolymers market, globally.

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The use of bio-based products is expected to increase owing to the growing environmental regulations. Thus, the bioplastics & biopolymers market is expected to witness high growth during the forecast period. Moreover, various regulations, such as banning or implementing additional surcharges on the usage of conventional plastics in shopping bags, packaging materials, and disposables applications, discourage the use of conventional plastics. This factor help in promoting bio-based and biodegradable products, thereby driving the bioplastics & biopolymers market.

Non-biodegradable bioplastics & biopolymers is the fastest-growing type owing to their low price coupled with durability and robustness. These are used to substitute the plastics in applications such as shopping bags, food packaging, and disposables. Key end users are adopting these bioplastics to enhance their contribution to sustained growth. For instance, Coca-Cola introduced the Plant Bottle technology, where PET had been made from bio-based monoethylene glycol (from sugarcane) and terephthalic acid (from petrochemicals).

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Packaging is the fastest-growing end-use industry for bioplastics & biopolymers. The high growth in this segment is owing to the increasing use of bioplastics for manufacturing single-use compostable packaging materials including carry bags, food packaging, boxes, and laminating films. Bioplastics are widely used in food packaging, which is expected to witness a high growth potential during the forecast period.

APAC is the fastest-growing market for bioplastics & biopolymers. In this region, there has been an increase in the consumption of bioplastics & biopolymers because of new regulations as well as marketplace advertising. Government regulations in APAC regarding the ban on plastic bags and global warming initiatives are also driving the market. In APAC, the market in China is expected to grow rapidly due to new capacity additions and government legislation. The consumer awareness regarding sustainable plastics along with the pressure from retailers contributes to the rising demand for bioplastics.

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Bioplastics & Biopolymers Market by End-use Industry (Packaging, Consumer Goods, Automotive, Textiles, Agriculture)- Trends & Forecast to 2023

The Bioplastics & Biopolymers market is projected to grow from USD 6.95 billion in 2018 to USD 14.92 billion by 2023, at a CAGR of 16.5% from 2018 to 2023. Increasing demand for bioplastics from the packaging industry, favorable government policies, increase in waste management regulations in Europe, and increasing concern for human health are projected to drive the bioplastics & biopolymers market. Increase in regulations is expected to propel the growth rate of the market.

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Packaging is the largest end-use industry for bioplastics & biopolymers. The need for sustainable solutions has encompassed several industry verticals, including food & beverage. In addition, enhanced industrial & manufacturing technologies have enabled the food & beverage companies to incorporate bioplastics in packaging. The demand for packaging made from bioplastics for wrapping organic food as well as for premium and branded products is on the rise. Preference for packaging materials made from natural or organic polymers, derived from biomass sources, such as fats, oils, starch, and microbiota, is driving the market in the packaging end-use industry.

Packaging

Packaging protects goods during distribution, transportation, storage, and use. It is indispensable for preserving and moving goods, which cater to various sectors such as retail, institutional, and industrial. Change in the lifestyle of consumers has triggered the importance of polymer and use of packaging products, as they provide protection and containment. The packaging industry uses different materials such as glass, metals, wood, and polymers for packaging different types of products. Plastic constitutes 40.0% of the packaging materials. Properties of plastics such as high durability, plasticity, and impermeability to water have encouraged their use. However, increasing environmental regulations have restrained the use of conventional polymers, especially carry bags and packages, which is driving the demand for bioplastics & biopolymers. Packaging applications of bioplastics & biopolymers include food packaging, pharmaceutical packaging, cosmetics packaging, and shopping bags.

Procter & Gamble and Johnson & Johnson use bio-PE for packaging various kinds of cosmetic products. PLA is widely used owing to its high recyclability. The increasing demand for eco-friendly packaging made from bio-based polymers is driving the demand for products such as PLA, PHA, and starch-based polymers in different applications.

Consumer goods

Bioplastics & biopolymers have a wide variety of applications in consumer products and can be used in casings, circuit boards, touchscreen computer casings, loudspeakers, keyboard elements, mobile casings, vacuum cleaners, and mouse for laptops.

SUPLA has developed optimized PLA for the electronics industry. Similarly, the world’s first bioplastic touchscreen computer was developed in collaboration with a Taiwanese OEM/ODM, Kuender. The PLA blends used in the monitor screens also bring improved impact resistance; excellent high gloss finish; and stable and precise processing.

Europe is the largest bioplastics & biopolymers market and is one of the major producers of plastics. It leads in the packaging end-use industry, which dominates the bioplastics & biopolymers market. These factors have been responsible for the development of bio-based plastics with collaborative research, which, in turn, is expected to transform Europe’s plastics industry. The political and economic conditions have also driven the market penetration of bioplastics & biopolymers. The EU Commission has focused on the Lead Markets Initiative, where bioplastics have been identified as one of the most important potential markets. Europe has, thus, become one of the major consumers of bioplastics & biopolymers.

Key players profiled in this report include NatureWorks (US), Braskem (Brazil), Novamont (Italy), BASF (Germany), Total Corbion PLA (Netherlands), Biome Bioplastics (UK), Bio-On (Italy), Toray Industries (Japan), Plantic Technologies (Australia), and Mitsubishi Chemical Corporation (Japan).