Global Bioplastics Market is estimated to flourish at a compound annual growth rate (CAGR) of 20.4% by 2024

A recent report by KD market insights titled as "Bioplastics Market Size, Trends & Opportunity Outlook – Forecast to 2024" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2024. The study also provides the Bioplastics Market. competitors share and region wise analysis around the globe. 

Bioplastics are the family of products derived from the renewable feedstocks such as corn, sugarcane, and cellulose. Eco-friendly nature, availability of renewable feedstocks and favorable government policies were the prime reason for manufacturers to shift toward bio-based plastics. Increase in adoption of biodegradable products and improvement in scope of bioplastics in the end-user industries are the key factors that drive the growth of the bioplastics market. However, its high production cost and comparatively lower performance standard than traditional plastics hampers the market growth to a certain extent.

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Bioplastics are consumed across a wide range of industries such as rigid packaging, flexible packaging, textile, agriculture & horticulture, consumer goods, automotive, electronics, building & construction, and others. In 2017, the adoption of bioplastics in rigid packaging was highest and is expected to grow at the highest CAGR during 2018 to 2024. Bioplastics possess properties such as gloss, barrier effect, antistatic behavior, and printability, thereby making it suitable for rigid packaging application. Furthermore, packaging industries have substantial curiosity for the biodegradability as there is an increase in demand for packaging, resulting in accumulation of waste. Therefore, packaging industry consumes bioplastics to decrease or recycle the accumulated waste products.

By type, the bioplastics market is bifurcated into biodegradable and non-biodegradable bioplastics. Furthermore, biodegradable is segmented into polylactic acid (PLA), polyhydroxyalkanoates (PHA), starch blend, polyester (PBAT & PBS), and cellulose acetate. Non-biodegradable is divided into epoxy, polyurethane, polyethylene terephthalate (PET), and others (polyamide (PA), polyethylene (PE), ethylene propylene diene monomer rubber (EPDM), and polytrimethylene terephthalate (PTT)).

Based on region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. In 2017, Europe was the highest contributor to the bioplastic market. European policy makers support European bioplastics manufactures and increase in adoption in Germany, Italy, and the UK are the key factors responsible for the growth of the bioplastics market in Europe.

However, Asia-Pacific is projected to be the fastest producing market and the consumption is expected to grow at a CAGR of 20.4% during 2018-2024 in terms of value contributing to the huge investments made by the world giants in the region. Competitive Intelligence on few prominent manufacturers of bioplastics provide key insights in terms of strategies implemented to gain significant share in the bioplastics market. The years, 2012 and 2013, have played a significant role to formulate different strategies and thus help build a strong base for the market expansion. The top players adopt some key developmental strategies such as partnership, expansion, collaboration, joint venture, merger, and product launch for smoothening the operation and retaining their competitiveness in the market.

Some of the leading manufacturers profiled in this report are Novamont S.p.A., BASF SE, Natureworks LLC, Corbion PuracN.V., Braskem S.A., SECOSecos Group Ltd., Biome Technolgies Plc, FKuR Kunststoff GmbH, Innovia Films Ltd., and Toray Industries Inc Indorama Ventures Public Company Limited.

KEY BENEFITS

- This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global bioplastics market from 2017 to 2024 to identify the prevailing market opportunities.
- The key countries in all the major regions are mapped based on their market share.
- Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier buyer network.
- In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
- The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.

KEY MARKET SEGMENTS:

By Type

- Biodegradable Bioplastic
- - - Polylactic Acid (PLA)
- - - Polyhydroxyalkanoate (PHA)
- - - Starch Blend
- - - Polyester (PBAT & PBS)
- - - Cellulose Acetate
- Non-biodegradable Bioplastic
- - - Epoxy
- - - Polyurethane
- - - Polyethylene Terephthalate
- - - Others (PA, PE, EPDM, & PTT)

By Application

- Rigid Packaging
- Flexible Packaging
- Textile
- Agriculture & Horticulture
- Consumer Good
- Automotive
- Electronic
- Building & Construction
- Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
LAMEA
- Brazil
- Argentina
- South Africa
- Saudi Arabia
- UAE
- Rest of LAMEA

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Table Of Content:

CHAPTER 1: INTRODUCTION

1.1. Report description

1.2. Key benefits for stakeholders

1.3. Key market segments

1.4. Research methodology

1.4.1. Primary research

1.4.2. Secondary research

1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key finding of the study

2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope

3.2. Key findings

3.2.1. Top investment pocket

3.2.2. Top Winning Strategies

3.2.3. Top Winning Strategies, By Year, 2015-2018*

3.2.4. Top Winning Strategies, By Development, 2015-2018* (%)

3.2.5. Top Winning Strategies, By Company, 2015-2018*

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of suppliers

3.3.2. Bargaining power of buyer

3.3.3. Thereat of new entrants

3.3.4. Threat of substitute

3.3.5. Intensity of competitive rivalry

3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Environmentally Friendly Properties

3.4.1.2. High Consumer Acceptance

3.4.1.3. Favorable Government Policy

3.4.1.4. Renewable Raw Material Sources

3.4.2. Restraint

3.4.2.1. High Cost to End-User

3.4.2.2. Limited Performance

3.4.3. Opportunity

3.4.3.1. Decreasing Dependency on Petroleum Resource & Advancement in R&D

3.4.3.2. Growing Corporate Social Responsibility (CSR)

CHAPTER 4: BIOPLASTICS MARKET, BY TYPE

4.1. Overview

4.1.1. Market size and forecast

4.2. Biodegradable Plastic

4.2.1. Market size and forecast

4.2.2. Polylactic acid (PLA)

4.2.3. Polyhydroxyalkanoates (PHA)

4.2.4. Starch blends

4.2.5. Polyesters (PBAT & PBS)

4.2.6. Cellulose acetate

4.2.7. Key market trends, growth factors, and opportunities

4.2.8. Market size and forecast

4.2.9. Market analysis by country

4.3. Non-biodegradable Plastic

4.3.1. Market size and forecast

4.3.2. Epoxies

4.3.3. Polyurethanes

4.3.4. Polyethylene terephthalate

4.3.5. Others

4.3.6. Key market trends, growth factors, and opportunities

4.3.7. Market size and forecast

4.3.8. Market analysis by country

CHAPTER 5: BIOPLASTICS MARKET, BY APPLICATION

5.1. Overview

5.1.1. Market size and forecast

5.2. Rigid Packaging

5.2.1. Key market trends, growth factors, and opportunities

5.2.2. Market size and forecast

5.2.3. Market analysis by country

5.3. Flexible Packaging

5.3.1. Key market trends, growth factors, and opportunities

5.3.2. Market size and forecast

5.3.3. Market analysis by country

5.4. Textile

5.4.1. Key market trends, growth factors, and opportunities

5.4.2. Market size and forecast

5.4.3. Market analysis by country

5.5. Agriculture and Horticulture

5.5.1. Key market trends, growth factors, and opportunities

5.5.2. Market size and forecast

5.5.3. Market analysis by country

5.6. Consumer Goods

5.6.1. Key market trends, growth factors, and opportunities

5.6.2. Market size and forecast

5.6.3. Market analysis by country

5.7. Automotive

5.7.1. Key market trends, growth factors, and opportunities

5.7.2. Market size and forecast

5.7.3. Market analysis by country

5.8. Electronics

5.8.1. Key market trends, growth factors, and opportunities

5.8.2. Market size and forecast

5.8.3. Market analysis by country

5.9. Building and Construction

5.9.1. Key market trends, growth factors, and opportunities

5.9.2. Market size and forecast

5.9.3. Market analysis by country

5.10. Others

5.10.1. Key market trends, growth factors, and opportunities

5.10.2. Market size and forecast

5.10.3. Market analysis by country

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