Global Bioplastics Market Size to Reach USD 59.18 Billion in 2032 | Emergen Research

Rising demand for bioplastics in 3D printing and favorable government initiatives and regulations are significant factors driving global bioplastics market revenue growth 


Vancouver, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Current Market Scenario (Market estimates)

The global Bioplastics Market size was USD 10.64 Billion in 2021. High consumer acceptance, renewable sources of raw material, and eco-friendly characteristics are among the factors driving revenue growth of the bioplastics market.

Drivers: Increasing demand for bioplastics in the packaging sector

Biodegradable plastics are used in a variety of industries, but the most popular application is in the packaging sector, where they have properties that are similar to conventional alternatives. They can be found in both rigid and flexible packaging. With the rise of global e-commerce, a significant amount of packaging material is expected to be used in the coming years. As bio-based plastics may completely replace conventional plastics, they can be a great way to cut down on plastic pollution in the environment.

The food and pharmaceutical industries are also increasing their demand for renewable feedstock-based plastics. Aside from that, the demand for ready-to-eat foods has grown in both developed and emerging economies. Therefore, manufacturers of such products have sought packaging materials that are safe and inert to packaged products and have a low environmental impact.

Request Free Sample Copy Or Get This Report At: https://www.emergenresearch.com/request-sample/169

Restraints: Presence of toxic substances in biomass leftover from pollutants

The biomass used to make bioplastics should be cultivated. The use of hazardous pesticides to feed genetically engineered corn and soybeans, which are mostly utilized as biomass, results in soil and environmental pollution. The Oxo-Biodegradable plastic bags, which contain minute amounts of potentially dangerous metals including manganese, cobalt, and iron, are compostable, but the metal residue they leave behind could be hazardous to the environment. Additionally, the usage of bioplastics is constrained by the fact that they are not as durable as conventional plastic bags and suffer from moisture issues.

Growth Projections

The global bioplastics market size is expected to reach USD 59.18 Billion in 2032 and register a revenue CAGR of 16.8% over the forecast period. Increased initiatives by governments to reduce global warming are expected to boost revenue growth of the bioplastic market. Growing need to reduce dependency on fossil fuels, combined with the widespread availability of bio-based raw materials, is likely to drive revenue growth of the bioplastic market. Also, shifting preferences to non-petroleum-based plastics will stimulate demand for plastics over the forecast period.

COVID-19 Direct Impacts

COVID-19 pandemic disrupted the supply chain by affecting the production and transportation of bioplastics and their raw materials. Biomass producers reduced their production quantities due to manpower and material shortages. Moreover, the cost of conventional plastics had decreased as a result of lower crude oil prices. Rules and regulations on single-use plastics announced by various governments were postponed, due to the pandemic, resulting in the reduced use of bio-based products.

Post-lockdown scenarios offer a slightly different appearance because of the increased demand for packaged goods after the lockdown. For example, the food & beverage industries have seen an increase in takeaway orders over dine-in orders.

Current Trends and Innovations

Consumer demand for highly fashionable apparel such as clothes and shoes is increasing due to rising fashion trends. Bioplastics such as polyamide and polylactic acid are now often used in the manufacture of textiles such as clothing and shoes. Also, bioplastics are used in the manufacture of wall mountings, containers, and sculptures, which is expected to drive revenue growth of the bioplastic market.

To seek a discount on this report, click on the link:  https://www.emergenresearch.com/request-discount/169

Geographical Outlook

The market in North America is expected to register a moderate revenue growth rate during the forecast period. The market is primarily driven by growing demands from the packaging industry in countries such as the U.S., Canada, and Mexico. Increasing environmental concerns and efforts to minimize pollution on a worldwide scale are driving demand for biodegradable plastics in the region's packaging industry. In addition, there is an increasing need in the region for electronic goods and lightweight vehicle parts.

Scope of Research

Report DetailsOutcome
Market size in 2021USD 10.64 Billion
CAGR (2022-2032)16.8%
Revenue forecast to 2032USD 59.18 Billion
Base year for estimation2021
Historical data2019-2020
Forecast period2022-2032
Quantitative unitsRevenue in USD Billion and CAGR in % from 2022 to 2032
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments coveredType, distribution channel, application, and region
Regional scopeNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Country scopeU.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Benelux, Russia, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, U.A.E., South Africa, Turkey, and Rest of MEA
Key companies profiledBASF SE, Natureworks LLC, Biome Bioplastics Limited, BIOTEC, Plantic Technologies Ltd, Mitsubishi Chemical Holdings Corporation, FUTERRO S.A., Danimer Scientific, Novamont S.p.A., and Green Dot Bioplastics, Inc.
Customization scope10 hours of free customization and expert consultation

Major Companies and Competitive Landscape

The global bioplastics market is fairly fragmented, with a number of large and medium-sized companies accounting for a majority of market revenue. Major players are deploying various strategies, entering mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective Bioplastics. Some major companies included in the global bioplastics market report are:

  • BASF SE
  • Natureworks LLC
  • Biome Bioplastics Limited
  • BIOTEC
  • Plantic Technologies Ltd
  • Mitsubishi Chemical Holdings Corporation
  • FUTERRO S.A.
  • Danimer Scientific
  • Novamont S.p.A.
  • Green Dot Bioplastics, Inc.

Buy This Premium Report Now: https://www.emergenresearch.com/select-license/169

Strategic Development

  • On 1 July 2021, Solvay completed its acquisition of Bayer's global seed coatings business. The acquisition will expand Solvay's existing seed care portfolio in bio-based, seed-applied treatments, and allows Bayer to reinvest.
  • On 29 March 2021, Novamont, which is headquartered in Novara (Italy), and Iren, an Italian utility, signed a three-year collaboration agreement in the field of integrated waste collection systems, to reduce non-recyclable trash at source and completely implement the circular bioeconomy objectives. The two firms have decided to collaborate on specific initiatives aimed at improving the management of compostable items and packaging, which will be recycled and recovered with the organic fraction of solid municipal garbage in Iren's treatment plants.
  • On 12 January 2021, Novamont, a world leader in the development and manufacture of biochemicals and biodegradable bioplastics, announced the acquisition of BioBag Group, a leading producer of low-impact trash collecting and packaging solutions based in Norway. By purchasing BioBag, Novamont will be able to take advantage of its highly specialized independent distribution in regions where the buyer is less prevalent. The two businesses will be able to provide the market with a more comprehensive solution set and forge effective relationships with important constituencies such as big retailers and local governments.

Some Key Highlights in the Report

  • The non-biodegradable segment revenue is expected to grow at a faster rate over the forecast period. This growth can be attributed to high demand for automotive parts, food packaging, and consumer goods manufacturing. These plastics are also used to carry bags, cups, films, bottles, electronic equipment, and automotive housings due to their high strength and durability. They're also utilized as high-performance glass component substitutes.
  • The consumer goods segment is expected to grow significantly during the forecast period. Bioplastics are used in the manufacturing of electronic device covers, semiconductor casings, connections, and circuit boards. Bioplastics can also be used to produce touch screen computer casings, games consoles, loudspeakers, headphones, keyboards, laptops, vacuum cleaners, mobile phone casings, and other items via injection molding. Increasing need for electrical & electronic items, as well as rising environmental concerns, are expected to drive demand for consumer goods.

To gain access to the complete research report, visit @ https://www.emergenresearch.com/industry-report/bioplastics-market
Emergen Research has segmented the global bioplastics market on the basis of type, distribution channel, application, and region:

  • Type Outlook (Revenue, USD Billion; 2019–2032)
    • Biodegradable
      1. Polybutylene Adipate Terephthalate (PBAT)
      2. Polybutylene Succinate (PBS)
      3. Polylactic Acid (PLA)
      4. Polyhydroxyalkanoate (PHA)
      5. Starch Blends
      1. Others
    • Non-Biodegradable
      1. Polyethylene (PE)
      2. Polyamide (PA)
      3. Polyethylene Terephthalate (PET)
      4. Polyethylene Furanoate (PEF)
      5. Polytrimethylene Terephthalate (PTT)
      6. Polypropylene (PP)
      1. Others
  • Distribution Channel Outlook (Revenue, USD Billion; 2019–2032)
    • Online
    • Offline
  • Application Outlook (Revenue, USD Billion; 2019–2032)
    • Packaging
    • Textile
    • Automotive & Transportation
    • Consumer Goods
    • Agriculture
    • Building & Construction
    • Others
  • Regional Outlook (Revenue, USD Billion; 2019–2032)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. U.K.
      4. Italy
      5. Spain
      6. Benelux
      7. Russia
      8. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. U.A.E.
      3. South Africa
      4. Turkey
      5. Rest of MEA

Curated Reports You Shouldn't Miss: Dive In Now!

Water Treatment Biocides Market By Application (Oil & Gas, Mining, Municipal Water Treatment, Pulp & Paper, Swimming Pools, Power Plants), By Product Type (Non-oxidizing Biocides, Oxidizing Biocides), and By Region, Forecasts to 2027            

Construction Sealants Market By Resin Type, By Usage, By Product Type, By Application, By Industry Vertical, Forecasts to 2027

Plastic Waste Management Market By Polymer Type (Polyethylene, Polypropylene, LDPE, PET, PVC), By Source (Residential, Industrial, Commercial), By Service (Recycling, Energy Recovery, Landfills), By Application (Packaging, Construction, Textile, Building & Construction, and Others), and By Region, Forecasts to 2027

Collagen Peptides Market, By Form (Solid and Liquid), By Source (Bovine, Porcine, and Marine & Poultry), By Application (Nutritional Products, Food & Beverages, Cosmetics, and Personal Care Products), and By Region Forecast to 2030

Electrochemical Glass Market Size, Share, Trends, By Material (Transition Metal Oxide, Nanocrystal, Polymer, Viologen, Reflective Hydride), By Technology (Passive Glasses, Low E-Glasses, Active Glasses), By Product, By End-use, and By Region Forecast to 2028

About Emergen Research                                            

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors. For more information, visit
Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: https://www.emergenresearch.com/

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Explore Our Japanese Version: Bioplastics Market

Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights

Read our Press Release @ https://www.emergenresearch.com/press-release/global-bioplastics-market



Coordonnées