The global bioplastics market is projected to be worth USD 25.27 Billion by 2027, according to a current analysis by Emergen Research. The bioplastics market is experiencing rapid growth attributed to its increasing demand in end-use applications, such as packaging, textile, automotive transportation, consumer goods, agriculture, and building construction. Besides, supportive government initiatives and offering subsidies to promote the growth of bioplastics are driving the market's growth. In 2018, the Japanese Ministry of Environment made an announcement for the inclusion of USD 45.0 million/JPY 5.0 Billion in the FY2019 budget for developing products manufactured from bio-plastics and provide subsidies to firms that make paper substitutes to plastic.
The latest market intelligence report on the bioplastics market aims at exploring the unknown and coming up with solutions to the potential threats and challenges faced by the bioplastics market for the forecast period, 2021 - 2027. The research methodologies used for evaluating the bioplastics market are inventive and also provides enough evidence on the demand and supply status, production capability, import and export, supply chain management and investment feasibility.
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Key companies profiled in the report include:
BASF SE, NatureWorks, Biome Plastics, Braskem, Biotec, Total Corbion, Plantic Technologies, Mitsubishi Chemical Holdings Corporation, Novamont SPA, and Toray Industries, among others.
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Bioplastics market
- The report further analyses the changing Bioplastics market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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Emergen Research has segmented the global bioplastics market on the basis of type, distribution channel, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Biodegradable
- Polybutylene Adipate Terephthalate (PBAT)
- Polybutylene Succinate (PBS)
- Polylactic Acid (PLA)
- Polyhydroxyalkanoate (PHA)
- Starch Blends
- Others
- Non-Biodegradable
- Polyethylene (PE)
- Polyamide (PA)
- Polyethylene Terephthalate (PET)
- Polytrimethylene Terephthalate (PTT)
- Polypropylene (PP)
- Others
- Non-Biodegradable
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline
Application Outlook (Revenue, USD Billion; 2017-2027)
- Packaging
- Textile
- Automotive Transportation
- Consumer Goods
- Agriculture
- Building Construction
- Others
Bioplastics Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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