GLOBAL BIODEGRADABLE PLASTIC MARKET FORECAST 2018-2026

  • You are here:
  • Home
  • Reports
  • GLOBAL BIODEGRADABLE PLASTIC MARKET FORECAST 2018-2026

GLOBAL BIODEGRADABLE PLASTIC MARKET FORECAST 2018-2026

Global biodegradable plastics market refers to the plastics that decompose completely into the environment. This is accomplished by microorganisms, who metabolize and break down the structure of the biodegradable plastics. The biodegradable polymers can be produced either from non-renewable sources such as petroleum-based polymers or renewable sources such as corn, sugar etc.

GLOBAL BIODEGRADABLE PLASTIC MARKET FORECAST 2018-2026

Global Biodegradable Plastic Market by Type (Pla, Starch Blends, Pcl, Regenerated Cellulose, Pbs, Pha, Other Types) Market by Application (Packaging, Fibres, Agriculture, Injection Molding, Other Applications) by Geography

Request free sample

Global biodegradable plastics market refers to the plastics that decompose completely into the environment. This is accomplished by microorganisms, who metabolize and break down the structure of the biodegradable plastics. The biodegradable polymers can be produced either from non-renewable sources such as petroleum-based polymers or renewable sources such as corn, sugar etc.

The Global Biodegradable Plastic market is anticipated to grow at a CAGR of 11.49% over the forecast period of 2018-2026. The base year considered for the study is 2017 and the estimated period is between 2018 and 2026. Some of the factors that are driving the market growth are:

  • Increased production of raw materials
  • High availability of bio-based raw materials for the production of biodegradable plastics
  • Emphasis on efficient Plastic Waste Management or Plastic disposal
  • Favourable government policies to reduce the use of petroleum-based polymers
  • Increased demand for eco-friendly packaging solutions
  • Widening applications of biodegradable plastics
  • Ongoing trend pertaining towards sustainable products across geographies

Biodegradable Plastics Market

To learn more about this report, request a free sample copy

The Global Biodegradable Plastic market is primarily driven by a positive attitude of government towards green procurement policies and superior characteristics of biodegradable plastics. The government of different countries are initiating stringent actions for reducing the use of conventional plastics by implementing taxes on oil-based plastics and disallowing the use of conventional plastics. For instance, the European Parliament issued an order in April 2014 to reduce the use of oil-based plastic bags use by XX% by 2017 and XX% by 2019.

Starch blends lead the global biodegradable plastics market by polymer type segment with around XX% market share and a revenue of around $XX million in 2017. Starch-based polymers are considered to be a good alternative for oil-based polymers, specifically in food packaging. Adoption of starch-based polymers in the packaging of fish, meat and vegetables is expected to drive the market over the forecast period. However, Polylactic acid (PLA) segment is expected to grow at the fastest pace owing to its adoption in food and beverage industry for packaging. Furthermore, investment from big players in the production capacities and on research and development activities to develop cost-effective products and new technologies for manufacturing is expected to drive the PLA segment in the global biodegradable plastics market. For instance, as per a company source (Corbion), in 2016, Total and Corbion entered into a collaboration for the production of Polylactic (PLA) polymers. Total-Corbion jointly invested about $XX million for developing new PLA with a capacity of about XX tons’ production annually. The plant is expected to start by the end of 2018.

With increasing adoption of Biodegradable Plastic, newer challenges have been introduced in the market. Cost-effectiveness of petroleum-based plastics over biodegradable plastics, non-durability of biodegradable plastics, easy availability of substitutes such as conventional plastics, & non-biodegradable bioplastics & performance issues related to biodegradable plastics, are some of the challenges that are profoundly pulling back the Biodegradable Plastic market. Furthermore, another major restraint relates to the impact of biodegradable plastic on food production and its supply. As most of the biodegradable plastics are made from bio-based materials, their feedstock is obtained from natural sources, which gives extra strain on the food production and supply.

Global Biodegradable Plastic market has been segmented on the basis of polymer type and applications. Their further sub-segmentation is as follows:

By Type of Bioplastics:

  • PLA
  • Starch Blends
  • PCL
  • Regenerated Cellulose
  • PBS
  • PHA
  • Others

By Applications:

  • Packaging
  • Fibers
  • Agriculture
  • Injection Molding
  • Other applications

The total market revenue is calculated by evaluating the revenue generated from the use of biodegradable plastics in various applications such as in agriculture, packaging, catering etc. However, the total market revenue does not include revenue from other non-biodegradable polymers such as polyvinyl chloride (PVC), poly vinyl alcohol (PVOH) etc.

On the basis of geography, the Global Biodegradable Plastic market has been segmented into four major regions:

Geographically, Europe dominated the global biodegradable plastics market by capturing the largest market share of over XX% in 2017. Biodegradable plastics market in Europe is driven primarily by proactive support by the government to support biodegradable plastics amid high research and development funding. Further, the “EU Action Plan for a circular economy” has set a long-term goal that all plastic packaging used in European Union must be recycled by 2030. On the flip side, the Asia Pacific is expected to grow at the fastest pace. Government programs to promote biodegradable plastics, rising adoption of biodegradable plastic bags by private companies, and government initiatives to ban the use of conventional plastic bags is expected to boost the biodegradable plastics market in the Asia- Pacific during the forecast period. For instance, as per a rule by the Government of China, bio-based materials are included in new material frontline research field in the strategy named “Made in China 2025”. Moreover, the adoption of biodegradable plastics from many companies in the region is also promoting the market growth. For instance, in 2016, Chai Point has introduced 100% biodegradable packaging such as cutlery, plates and food boxes in India.

Global biodegradable plastics market has been segmented on the basis of the type of biodegradable plastics and application. Biodegradable plastics market is segmented on the basis of types, which includes PLA, starch blends, PCL, regenerated cellulose, PBS, PHA and other types of biodegradable plastic. Market by application is divided into 5 segments that include packaging, fibres, agriculture, injection moulding and others.

The key companies operating in the Global Biodegradable Plastic market are:

  • BASF SE
  • NatureWorks LLC
  • Dow Chemical
  • Mitsubishi Chemical Corporation
  • Zhejiang Hisun Biomaterials
  • Other Companies

Market share analysis of the market leaders along with key corporate strategies and company profiles of prominent companies are discussed in detail. Most of the companies look for strategies such as merger & acquisition, partnership, contracts, agreements, and new product launch in order to gain a competitive edge over other companies. For example, in April 2018, Bio-On launched a brand-new line of cosmetic ingredients for sun protection, which was made from biodegradable bioplastic. Furthermore, in February 2018, Teijin Limited (Japan) launched its recently developed formable gasoline-resistant film made of PLANEXT® bioplastic to replace chrome plating, which Honda Lock Mfg. Co., Ltd. has adopted for non-conductive door handles, integrated with smart-entry systems. In October 2017, Synbra Technology announced its new product which is the 100% PLA, fully biodegradable, high heat drinking cups. Also, in September 2017, Bio-On signed a partnership agreement with Kering Eyewear to develop new materials based on Minerv PHAs.

Key findings of the Global Biodegradable Plastic market:

  • Europe accounts for the largest market share of the overall Biodegradable Plastic market.
  • The availability of cost-effective bio-based raw materials for the production of biodegradable plastics is providing ample growth opportunities for the market.
  • Increasing production of sugar cane and corn would supplement significant investments for bioplastic market and consequently the biodegradable plastic market across the globe.
  • China, Japan & India are leading the Asia Pacific to become the fastest evolving regional market over the forecast period.
  • The trend pertaining towards sustainable products across countries such as U.S., UK, Canada, Germany and others would leverage significant opportunities for the global biodegradable plastic market.

  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • EUROPE LEADS THE OVERALL MARKET BY CAPTURING THE LARGEST MARKET SHARE
      • PACKAGING AND AGRICULTURE – KEY APPLICATION SEGMENTS
      • LATIN AMERICA – EMERGING MARKETPLACE
      • STARCH BLENDS & PLA TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
      • INCREASED PRODUCTION OF RAW MATERIALS
      • ONGOING TREND PERTAINING TOWARDS SUSTAINABLE PRODUCTS ACROSS GEOGRAPHIES
  1. MARKET DYNAMICS
    • PARENT MARKET ANALYSIS: PLASTICS MARKET
    • ETYMOLOGY OF BIODEGRADABLE PLASTIC
    • MARKET DEFINITION & SCOPE
    • MARKET DRIVERS
      • HIGH AVAILABILITY OF BIO-BASED RAW MATERIALS FOR THE PRODUCTION OF BIODEGRADABLE PLASTICS
      • EMPHASIS ON EFFICIENT PLASTIC WASTE MANAGEMENT
      • FAVOURABLE GOVERNMENT POLICIES TO REDUCE THE USE OF PETROLEUM-BASED POLYMERS
      • INCREASED DEMAND FOR ECO-FRIENDLY PACKAGING SOLUTIONS
      • WIDENING APPLICATIONS OF BIODEGRADABLE PLASTICS
    • MARKET RESTRAINTS
      • COST-EFFECTIVENESS OF PETROLEUM-BASED PLASTICS OVER BIODEGRADABLE PLASTICS
      • NON-DURABILITY OF BIODEGRADABLE PLASTICS
    • MARKET OPPORTUNITIES
      • GROWING PRODUCTION OF BIOPLASTICS
      • AUTOMOTIVE MANUFACTURERS FOCUSING ON REDUCTION IN CARBON FOOTPRINT
      • ABUNDANT AVAILABILITY OF COST-EFFECTIVE BIO-BASED RAW MATERIALS
    • MARKET CHALLENGES
      • EASY AVAILABILITY OF SUBSTITUTES SUCH AS CONVENTIONAL PLASTICS, & NON-BIODEGRADABLE BIOPLASTICS
      • PERFORMANCE ISSUES RELATED TO BIODEGRADABLE PLASTICS
  1. MARKET BY TYPE
    • PLA
    • STARCH BLENDS
    • PCL
    • REGENERATED CELLULOSE
    • PBS
    • PHA
    • OTHER TYPES
  2. MARKET BY APPLICATION
    • PACKAGING
    • FIBERS
    • AGRICULTURE
    • INJECTION MOLDING
    • OTHER APPLICATIONS
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • KEY BUYING CRITERIA
      • COST
      • SUBSTITUTES
      • AVAILABILITY
      • END OF LIFE
    • VALUE CHAIN ANALYSIS
      • RAW MATERIAL SUPPLIERS
      • MANUFACTURERS
      • RETAILERS & DISTRIBUTORS
      • END USER OR CONSUMER
    • LEGAL, POLICY & REGULATORY FRAMEWORK
    • INVESTMENT ANALYSIS
      • BY REGION
      • BY TYPE
      • BY APPLICATION
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA
  1. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • KEY COMPANY ANALYSIS
      • BASF SE
      • NATUREWORKS LLC
      • DOW CHEMICAL
      • MITSUBISHI CHEMICAL CORPORATION
      • ZHEJIANG HISUN BIOMATERIALS
    • CORPORATE STRATEGIES
      • PARTNERSHIP & COLLABORATION
      • PRODUCT LAUNCH
      • MERGER & ACQUISITION
      • BUSINESS EXPANSION
    • COMPANY PROFILES
      • BASF SE
      • BIOME BIOPLASTICS LIMITED
      • BIO-ON S.P.A.
      • CORBION N.V. (PURAC)
      • DANIMER SCIENTIFIC, LLC
      • DOW CHEMICAL COMPANY (MERGER WITH DUPONT)
      • FKUR KUNSTSTOFF GMBH
      • FUTERRO SA
      • MITSUBISHI CHEMICAL CORPORATION
      • NATUREWORKS LLC
      • PLANTIC TECHNOLOGIES (ACQUISITION BY KURARAY AMERICA, INC,)
      • SIGMA-ALDRICH (ACQUISITION BY MERCK)
      • SYNBRA HOLDING BV
      • TIANAN BIOLOGIC MATERIAL CO. LTD
      • ZHEJIANG HISUN BIOMATERIALS CO. LTD.

 

TABLE LIST

TABLE 1: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 2: COMPARISON BETWEEN BIOPLASTICS AND CONVENTIONAL PLASTICS

TABLE 3: COST ANALYSIS OF BIODEGRADABLE PLASTICS IN 2016

TABLE 4: COST ANALYSIS OF FOSSIL BASED PLASTICS IN 2016

TABLE 5: AUTOMOTIVE MANUFACTURERS USING BIOPOLYMERS IN THEIR MANUFACTURING

TABLE 6: SUSTAINABILITY OF MAJOR BIO-BASED PLASTIC TYPES FOR DIFFERENT APPLICATIONS

TABLE 7: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY TYPE, 2018-2026, (IN $ MILLION)

TABLE 8: GLOBAL PLA MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 9: GLOBAL STARCH BLENDS MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 10: GLOBAL PCL MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 11: GLOBAL REGENERATED CELLULOSE MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 12: GLOBAL PBS MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 13: GLOBAL PHA MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 14: GLOBAL OTHER TYPES MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 15: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY APPLICATION, 2018-2026, (IN $ MILLION)

TABLE 16: GLOBAL PACKAGING MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 17: GLOBAL FIBERS MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 18: GLOBAL AGRICULTURE MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 19: GLOBAL INJECTION MOLDING MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 20: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 21: OPPORTUNITY MATRIX FOR BIODEGRADABLE PLASTIC MARKET

TABLE 22: VENDOR LANDSCAPE OF BIODEGRADABLE PLASTIC MARKET

TABLE 23: LEGAL, POLICY & REGULATORY FRAMEWORK

TABLE 24: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY GEOGRAPHY, 2018-2026, (IN $ MILLION)

TABLE 25: NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY COUNTRY, 2018-2026 (IN $ MILLION)

TABLE 26: EUROPE BIODEGRADABLE PLASTIC MARKET, BY COUNTRY, 2018-2026 (IN $ MILLION)

TABLE 27: ASIA PACIFIC BIODEGRADABLE PLASTIC MARKET, BY COUNTRY, 2018-2026 (IN $ MILLION)

TABLE 28: REST OF WORLD BIODEGRADABLE PLASTIC MARKET, BY REGION, 2018-2026 (IN $ MILLION)

TABLE 29: LIST OF PARTNERSHIP & COLLABORATION

TABLE 30: LIST OF PRODUCT LAUNCH

TABLE 31: LIST OF MERGER & ACQUISITION

TABLE 32: LIST OF BUSINESS EXPANSION

 

FIGURE LIST

FIGURE 1: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY BIODEGRADABLE POLYMER TYPE, 2017 & 2026 (IN %)

FIGURE 2: EUROPE BIODEGRADABLE PLASTICS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 3: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY PACKAGING & AGRICULTURE, 2018-2026 (IN $ MILLION)

FIGURE 4: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY STARCH BLENDS & PLA, 2018-2026 (IN $ MILLION)

FIGURE 5: SUGARCANE AND CORN PRODUCTION IN KEY COUNTRIES, 2016 (IN %)

FIGURE 6: GLOBAL PRODUCTION OF SUGAR CANE AND CORN, 2014- 2023 (IN MILLION TONNES)

FIGURE 7: TIMELINE OF BIODEGRADABLE PLASTICS

FIGURE 8: WORLDWIDE CORN PRODUCTION, 2010-2017, (IN MILLION METRIC TONNES)

FIGURE 9: MAJOR CORN PRODUCERS ACROSS THE GLOBE, 2015-2016 (% OF TOTAL PRODUCTION)

FIGURE 10: WORLDWIDE BIOPLASTIC PRODUCTION CAPACITY, 2017-2022 (IN ‘000 TONNES)

FIGURE 11: PERCENTAGE SHARE OF THE TOTAL BIOPLASTIC PRODUCTION ACROSS REGIONS IN 2017 (IN %)

FIGURE 12: MAJOR SUGARCANE PRODUCERS ACROSS THE GLOBE IN 2016 (IN MILLION TONNES)

FIGURE 13: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY PLA, 2018-2026 (IN $ MILLION)

FIGURE 14: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY STARCH BLENDS, 2018-2026 (IN $ MILLION)

FIGURE 15: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY PCL, 2018-2026 (IN $ MILLION)

FIGURE 16: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY REGENERATED CELLULOSE, 2018-2026 (IN $ MILLION)

FIGURE 17: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY PBS, 2018-2026 (IN $ MILLION)

FIGURE 18: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY PHA, 2018-2026 (IN $ MILLION)

FIGURE 19: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY OTHER TYPES, 2018-2026 (IN $ MILLION)

FIGURE 20: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY PACKAGING, 2018-2026 (IN $ MILLION)

FIGURE 21: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY FIBERS, 2018-2026 (IN $ MILLION)

FIGURE 22: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY AGRICULTURE, 2018-2026 (IN $ MILLION)

FIGURE 23: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY INJECTION MOLDING, 2018-2026 (IN $ MILLION)

FIGURE 24: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY OTHER APPLICATIONS, 2018-2026 (IN $ MILLION)

FIGURE 25: PORTER’S FIVE FORCE MODEL OF BIODEGRADABLE PLASTIC MARKET

FIGURE 26: KEY BUYING IMPACT ANALYSIS

FIGURE 27: VALUE CHAIN OF BIODEGRADABLE PLASTIC MARKET

FIGURE 28: INVESTMENT ANALYSIS OF BIODEGRADABLE PLASTIC MARKET IN 2017, BY REGION

FIGURE 29: INVESTMENT ANALYSIS OF BIODEGRADABLE PLASTIC MARKET IN 2017, BY TYPE

FIGURE 30: INVESTMENT ANALYSIS OF BIODEGRADABLE PLASTIC MARKET IN 2017, BY APPLICATION

FIGURE 31: GLOBAL BIODEGRADABLE PLASTIC MARKET, REGIONAL OUTLOOK, 2017 & 2026 (IN %)

FIGURE 32: UNITED STATES BIODEGRADABLE PLASTIC MARKET, 2018-2026 (IN $ MILLION)

FIGURE 33: CANADA BIODEGRADABLE PLASTIC MARKET, 2018-2026 (IN $ MILLION)

FIGURE 34: UNITED KINGDOM BIODEGRADABLE PLASTIC MARKET, 2018-2026 (IN $ MILLION)

FIGURE 35: FRANCE BIODEGRADABLE PLASTIC MARKET, 2018-2026 (IN $ MILLION)

FIGURE 36: GERMANY BIODEGRADABLE PLASTIC MARKET, 2018-2026 (IN $ MILLION)

FIGURE 37: SPAIN BIODEGRADABLE PLASTIC MARKET, 2018-2026 (IN $ MILLION)

FIGURE 38: REST OF EUROPE BIODEGRADABLE PLASTIC MARKET, 2018-2026 (IN $ MILLION)

FIGURE 39: CHINA BIODEGRADABLE PLASTIC MARKET, 2018-2026 (IN $ MILLION)

FIGURE 40: JAPAN BIODEGRADABLE PLASTIC MARKET, 2018-2026 (IN $ MILLION)

FIGURE 41: INDIA BIODEGRADABLE PLASTIC MARKET, 2018-2026 (IN $ MILLION)

FIGURE 42: AUSTRALIA BIODEGRADABLE PLASTIC MARKET, 2018-2026 (IN $ MILLION)

FIGURE 43: REST OF ASIA PACIFIC BIODEGRADABLE PLASTIC MARKET, 2018-2026 (IN $ MILLION)

FIGURE 44: LATIN AMERICA BIODEGRADABLE PLASTIC MARKET, 2018-2026 (IN $ MILLION)

FIGURE 45: MIDDLE EAST AND AFRICA BIODEGRADABLE PLASTIC MARKET, BY COUNTRY, 2018-2026 (IN $ MILLION)

FIGURE 46: MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2017 (IN %)

  1. MARKET BY TYPE
    • PLA
    • STARCH BLENDS
    • PCL
    • REGENERATED CELLULOSE
    • PBS
    • PHA
    • OTHER TYPES
  2. MARKET BY APPLICATION
    • PACKAGING
    • FIBRES
    • AGRICULTURE
    • INJECTION MOLDING
    • OTHER APPLICATIONS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA

To request a free sample copy of this report, please complete the form below :

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.

Choose License Type

Buy Now