Bioplastic Market 2019-2025
New Market Study, Report “Bioplastic Market 2019 Global Industry Demand, Opportunities, Growth Drivers, Challenges, Strategies and Forecasts 2025” Has been Added on WiseGuyReports.com.
Current Trend and Opportunity in the Global Bioplastic Market
This report provides in depth study of “Bioplastic Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Bioplastic Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Bioplastic is an eco-friendly plastic that is derived from renewable biomass sources like microbiota, corn starch, agricultural by-products, plastic bottles, vegetable oils and fats and other types of containers using micro-organisms. These eco-friendly plastics are made by converting sugar present in plant products into plastics, and this sugar can be obtained from cane, potatoes, wheat, corn etc.
With the world grappling with a plastic issue, bioplastic is a welcome change. They are sustainable and safe for the environment. The increasing focus of world governments of environment protection, eliminating plastics from the face of the planet, the rising concern among people regarding the ill-effects of plastics, the depleting petroleum reserves and the increased costs of petrochemicals are all playing a significant role in driving up the market growth of bioplastics.
It covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Bioplastic market.
When it comes about the key players of the industry, the names like BASF, NatureWorks, Arkemn, Novamont, Plantic, DSM, DuPont, Evonik Industries, Ecospan, Toray Industries etc. do appear at the front row.
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The market for bioplastic products can be segmented based on type and their application.
Based on type, these products can be of broadly two types – Bio and Fossil-based biodegradables and Bio-based Non-degradables.
Bio and Fossil-based Biodegradables are further divided into the following types:
- Polylactic Acid(PLA)
Bio-based Non-Biodegradables are of the following types:
- Bio-polyethylene Terephthalate(PET)
- Bio- polytrimethylene Terephthalate
- Other Non-biodegradable Plastics
The non-biodegradable bioplastic segment has the largest market share today and is expected to continue dominating the market in the next few years.
Based on application , the market for bioplastics can be segmented into:
- Rigid Packaging(bottles, containers, etc.)
- Flexible Packaging(Films, Plastic Bags, etc.)
- Automotive and Assembly operations
- Agriculture and Horticulture
- Electrical and Electronics
Among these segments, the rigid packaging segment is currently dominating the market and is expected to continue doing so in the coming years. There has also been a sudden demand for co-extruded double and multi-layer film products that finds its use in flexible packaging, agriculture, textiles, automotive, construction etc.
Based on the production, consumption, exports and imports, the bioplastic market can be segmented into the following regions – North America, Europe, China, Japan, South East Asia and India. Among these, Europe has the largest market share today and is also expected to dominate in the upcoming years. The main reason for this is that many industries in the European countries are adopting bioplastics over conventional plastics.
This trend seen in Europe is also expected to drive growth in Asia Pacific, which is expected to grow at the highest CAGR in the coming years. It is said to gain the largest market share due to the high availability of renewable feedstocks in the region.
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There is a growing trend of recycling plastics, the use of aliphatic-aromatic bioplastics and manufacturing bioplastic products from natural resources like cellulose.
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