Bioplastics Market by Type, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR45590
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 Bioplastics Market - 2021-2025

The bioplastics market size is expected to reach a value of USD 76.12 billion, at a CAGR of 28.05%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the emergence of bio-based and renewable raw materials are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Bioplastics Market Size

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Bioplastics Market Segments

Every aspect of business improvement planning depends on the understanding of current and potential target customers across segmentations. Our bioplastics market analysis report extensively covers type (non-biodegradable and biodegradable), application (packaging and food service, agriculture and horticulture, CG and HA, automotive, and others), and geography (Europe, North America, APAC, MEA, and South America), wherein you will obtain insights on qualitative and quantitative data that can help in optimizing financial results. Get actionable insights on the bioplastics market segments to recognize and seize financial opportunities

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic bioplastics market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Bioplastics Market Vendors and Competitive Analysis

The bioplastics market is fragmented and the vendors are deploying growth strategies such as focusing on product differentiation by developing new and enhanced bio-based and biodegradable products to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full bioplastics market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Bioplastics Market Vendors

Bioplastics Market - Region Opportunities 2021-2025

34% of the bioplastics market growth will originate from Europe during the forecast period. Germany and the UK are the key markets for bioplastics market in Europe. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Bioplastics Market Share by Geography

Europe has been exhibiting a significant growth rate for bioplastics market vendors. Factors such as the high demand for biodegradable packaging materials by consumers are accelerating the bioplastics market growth in Europe. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The bioplastics market share growth in Europe will be slower than the growth of the market in regions such as APAC and MEA. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Bioplastics Market Insights by Type

Bioplastics Market Share by Type

To gain further insights on the market contribution of various segments Request for a FREE Sample!

According to our market segmentation data analysis, the non-biodegradable segment is expected to be a significant contributor to the growth of the bioplastics market share during the forecast period. The market for non-biodegradable bioplastics will grow significantly during 2021-2025 because of a shifting focus from the use of conventional plastics to bioplastics. Also, the use of non-biodegradable bioplastics is picking up in the residential and commercial sectors. A shifting focus to reduce the use of conventional plastics is positively propelling the growth of the global non-biodegradable bioplastics market. This report provides an accurate prediction of the revenue share of all the segments to the growth of the bioplastics market size.

From the bioplastics market segmentation insights, players can identify the demand pattern of target customers and make effective business plans to capture untapped segments. In addition, the analytical data on the segmentations will enable effective product and service positioning among the right end-users, which will facilitate significant exposure and growth for the vendors. Get updated actionable market insights on post COVID-19 impact on each segment.

Bioplastics Market Drivers & Trends

Even if the success rate of a business is higher, every factor, including challenges, influencing any market growth needs to be considered to mitigate potential risks at an earlier development stage. One of the key factors impeding the bioplastics market growth is the cost-effectiveness of conventional plastic over bioplastics. Purchase our express report to get exhaustive insights on the key industry trends, drivers, and challenges, which will help companies evaluate and build growth strategies.

The global bioplastics market is driven by the emergence of renewable resources, biomass, and bio-based raw materials. The use of bioplastics in numerous applications such as packaging and domestic goods has facilitated plastics manufacturers to reduce the overdependence on petroleum-based plastics. Biomass includes grass, trees, plants, and other organic materials that decompose by the activities of microorganisms. This has shifted the trend of plastic manufacturers toward bioplastics based on renewable sources. Raw materials required for the production of bioplastics are renewable in origin, and the supply is abundant globally compared to petroleum and fossil-based raw materials. Therefore, the global outlook for bio-based raw materials for plastics is significantly more positive than that of petroleum-based raw materials.

This bioplastics market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

 

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Bioplastics Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive bioplastics market growth during the next five years
  • Precise estimation of the bioplastics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bioplastics market across Europe, North America, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bioplastics market vendors

Buy the Bioplastics Market report now to reimage your business strategies!

 

Bioplastics Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 28%

Market growth 2021-2025

$ 76.12 billion

Market structure

Fragmented

YoY growth (%)

24.19

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 34%

Key consumer countries

US, Germany, China, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Arkema SA, BASF SE, Evonik Industries AG, NatureWorks LLC, Novamont SpA, Plantic Technologies Ltd., SHOWA DENKO K.K., Teijin Ltd., Toray Industries Inc., and Toyota Tsusho Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Packaging and food service - Market size and forecast 2020-2025
    • Agriculture and horticulture - Market size and forecast 2020-2025
    • CG and HA - Market size and forecast 2020-2025
    • Automotive - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Non-biodegradable - Market size and forecast 2020-2025
    • Biodegradable - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Arkema SA
      • BASF SE
      • Evonik Industries AG
      • NatureWorks LLC
      • Novamont SpA
      • Plantic Technologies Ltd.
      • SHOWA DENKO K.K.
      • Teijin Ltd.
      • Toray Industries Inc.
      • Toyota Tsusho Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The bioplastics market growth will increase by $81888.00 million during 2019-2024.
      The bioplastics market is expected to grow at a CAGR of 33.46% during 2019-2024.
      Technavio has segmented the bioplastics market by type (Non-biodegradable and Biodegradable) ,application (Packaging and food service, Agriculture and horticulture, CG and HA, Automotive, and Others) , and geographic (Europe, North America, APAC, MEA, and South America).
      Arkema SA, BASF SE, Evonik Industries AG, NatureWorks LLC, Novamont SpA, Plantic Technologies Ltd., SHOWA DENKO K.K., Teijin Ltd., Toray Industries Inc., Toyota Tsusho Corp. are a few of the key vendors in the bioplastics market.
      APAC will register the highest growth rate of 33.67% among the other regions. Therefore, the bioplastics market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the bioplastics market growth are:
      • Emergence of bio-based and renewable raw materials
      The bioplastics market vendors should focus on grabbing business opportunities from the non-biodegradable segment as it accounted for the largest market share in the base year.
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