Bioplastics Industryby Applications (Rigid Packaging, Agriculture, and Horticulture, Consumer Goods, Automotive, Flexible Packaging, Textile, Electronics), and By Type (Biodegradable Plastic, Non-biodegradable Plastic) – Market Forecast and Size Analysis 2019-2025
Global Bioplastics Industry was valued at USD 21.3 Billion in the year 2017. Global Bioplastics Industry is further estimated to grow at a CAGR of 18 % from 2019 to reach USD 79.83 Billion by the year 2025.
The North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, US, China, and the U.S.
are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.
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Major market players in Bioplastics Industry are BASF SE, Biome Technologies Plc., Braskem S.A., Corbion Purac, FKuR Kunststoff GmbH, Indorama Ventures Public Company Ltd., Innovia Films, Natureworks LLC., Novamont S.p.A, SECOS Group Ltd., and brief overview of 10 companies is also provided in the report.
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SWOT analysis of Bioplastics Industry:
Environmentally Friendly Properties
High Cost to End-User
High investment from Research and Development
Growing Corporate Social Responsibility (CSR) activities
Furthermore, biodegradable is segmented into polylactic acid (PLA), polyhydroxyalkanoates (PHA), starch blend, polyester (PBAT & PBS), and cellulose acetate. Non-biodegradable is divided into the epoxy, polyurethane, polyethylene terephthalate (PET), and others (polyamide (PA), polyethylene (PE), ethylene propylene diene monomer rubber (EPDM), and poly-trimethylene terephthalate (PTT) in which non-biodegradable waste contributes to the highest Industry share.
PET is largely used in bottle packaging.
Bioplastics Industry Segmentation:
- • Rigid Packaging
- • Flexible Packaging
- • Textile
- • Agriculture and Horticulture
- • Consumer Goods
- • Automotive
- • Electronics
- • Building and Construction
- • Others
- • Biodegradable Plastic
- • Non-biodegradable Plastic
- • North America
- • Europe
o Rest of Europe
- • APAC
o Rest of Asia-Pacific
- • RoW
o Latin America
o Middle East & Africa
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