Bioplastics and Biopolymers market worldwide is projected to grow by US$10.9 billion, driven by a compounded growth of 15.6%. Non-Biodegradable, one of the segments analyzed and sized in this study, displays the potential to grow at over 16.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$10.2 Billion by the year 2025, Non-Biodegradable will bring in healthy gains adding significant momentum to global growth.
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- Representing the developed world, the United States will maintain a 15.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over  US$1.2 Billion to the region’s size and clout in the next 5 to 6 years.  Over US$419.2 Million worth of projected demand in the region will come from the Rest of Europe markets. In Japan, Non-Biodegradable will reach a market size of US$361.8 Million by the close of the analysis period. As the world’s second-largest economy and the new game changer in global markets, China exhibits the potential to grow at 21.1% over the next couple of years and add approximately US$2.5 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring the quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape the growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
- Competitors identified in this market include, among others,
- Arkema SA
- BASF SE
- BIOTEC GmbH & Co. KG
- Braskem
- Good Natured Products, Inc.
- Kingfa Sci. & Tech. Co., Ltd.
- Mitsubishi Chemical Corporation
- NatureWorks LLC
- Novamont SpA
- Plantic Technologies Limited
- Total Corbion PLA.
- Competitors identified in this market include, among others,
- Arkema SA
- BASF SE
- BIOTEC GmbH & Co. KG
- Braskem
- Good Natured Products, Inc.
- Kingfa Sci. & Tech. Co., Ltd.
- Mitsubishi Chemical Corporation
- NatureWorks LLC
- Novamont SpA
- Plantic Technologies Limited
- Total Corbion PLA.
MARKET OVERVIEW
- Biopolymers and Bioplastics: An Answer to the Growing Plastic Waste Menace
- Petroleum-based Plastics Vs Bioplastics
- Classification of Biopolymers and Bioplastics
- Bio-based and Non-biodegradable Polymers Register Strong Growth
- Packaging: The Dominant Application Market
- Europe Continues to Hold Ground as the Largest Market for Biodegradable Polymers
- North America: Another Major Market
- Asia-Pacific to Spearhead Future Growth
- A Glance at Major Applications of Bioplastics
- Impact of Plastic Ban Augers Well for Bioplastics & Biopolymers Market
- Competitive Landscape
- Biodegradable Plastic Brands of Select Manufacturers
- Recent Market Activity
- Capacity Expansions to Boost Bioplastics Market
- Global Production Landscape
MARKET TRENDS & DRIVERS
- Increased Adoption of Bioplastics-based Materials by Prominent Players to Sustain Demand
- Bioplastics from Agro-Wastes Gain Demand for Food Packaging Applications
- Food Industry to Curb Plastic Waste, Make Use of Organic Waste for Biopolymer Production
- Increased Focus on Sustainable Production
- Industry Witnesses Increasing Number of Startups Joining the Race
- Key Recent Environment-Friendly Bioplastic Innovations
- Expanding Range of Applications for Biopolymers Drives Market Growth
- Polylactic Acid (PLA): A Promising Biodegradable Polymer
- Packaging Applications Lead PLA Consumption
- EXHIBIT 5: Global Polylactic Acid (PLA) Market by End-Use Application (2019): Percentage Breakdown of Consumption Volume by Application
- Bio-Polylactic Acid (PLA) Films Market: A High-Growth Market
- Starch Blended Biodegradable Polymers: Expanding Applications Fuel Growth
- EXHIBIT 6: Starch-based Bioplastics Market (2019): Percentage Breakdown of Revenues by Technology
- Bio-based Polypropylene to Garner Demand
- Industrial Usage of Bio-based, Biodegradable Plastics on the Rise
- Automakers Move towards Bioplastics to Quell Environmental Concerns
- EXHIBIT 7: Global Passenger Car Production (In Million Units) by Geographic Region/Country for the Years 2010, 2016, 2020, and 2024
- Trends towards Green Food Packaging Augurs Well for Biodegradable Polymers Market
- Nanotechnology to Improve Degradability of Packaging Material
- Growing Use of Bioabsorbable Polymers in the Healthcare Space
- Biodegradable Polymers in Nano Drugs: A Growing Market
- Biodegradable Circuitry to Address Concerns over Growing E-Waste
- Navigating the Fast-Changing Landscape of Bioplastics and Biomaterials
- Historical Note on Bioplastics
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