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The biopolymers and bioplastic market size is forecast to increase by USD 120 billion at a CAGR of 18.54% between 2023 and 2028.
The biopolymers and bioplastic industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The packaging segment is estimated to witness significant growth during the forecast period.
Bioplastics, derived from renewable resources, have gained significant attention in various industries due to their eco-friendly nature and sustainable production. The packaging sector is the largest consumer of bioplastics, accounting for over 60% of its usage. These bioplastics are utilized in the production of rigid and flexible packaging, including bottles, cups, pots, films, and coatings. Applications span from fresh food packaging to premium and branded products with specific requirements. Biodegradable plastics, such as cellulose-based polymers and polyhydroxyalkanoates (PHAs), offer advantages like biocompatibility, oxygen and moisture resistance, and biodegradability. In food packaging, bioplastics provide a longer shelf life, reducing food waste and greenhouse gas emissions.
Bioplastics are also used in medical devices, biodegradable coatings, and bioplastic fibers. The bioplastics industry is committed to sustainable development, ensuring bioplastic performance matches or exceeds that of conventional plastics. The production of bioplastics involves biopolymer synthesis through chemical engineering and microbial processes. Bioplastic properties, including heat resistance, flexibility, and strength, are continually improving to meet diverse industry needs. The circular economy concept is driving the development of bioplastic recycling and biodegradation technologies. Bioplastic regulations ensure safety, biocompatibility, and environmental impact assessment. The biopolymers market continues to grow, driven by consumer demand for sustainable packaging and eco-friendly alternatives.
The Packaging segment was valued at USD 23.90 billion in 2018 and showed a gradual increase during the forecast period.
Europe is estimated to contribute 51% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Bioplastics have been a significant part of the European market for over two decades, making it a mature market in the global biopolymers and bioplastics industry. The European market's primary offerings include compostable bio-based waste bags and loose-fill packaging. The European governments' legal framework and strategies offer subsidies for bioplastic use, contributing to the market's expansion. In terms of consumption, Europe held the largest share of the global biopolymers and bioplastics market in 2023. This significant market presence is due to the high demand for biodegradable packaging materials from consumers. The bioplastics market encompasses various entities, including agricultural films, bioplastic shelf life, greenhouse gas emissions, cellulose-based polymers, medical devices, biodegradable coatings, bioplastic transparency, sustainable development, bio-based polymers, bioplastic biocompatibility, bioplastic grease barrier, food packaging, compostable materials, life cycle assessment, circular economy, biopolymer synthesis, bioplastic oxygen barrier, bioplastic degradation, biopolymer production, chemical engineering, bioplastic moisture resistance, environmental impact, consumer goods, bioplastic performance, renewable resources, bioplastic heat resistance, polymer science, bioplastic resins, polyhydroxyalkanoates (PHAs), bioplastic compostability, material science, bioplastic barriers, carbon footprint, bioplastic regulations, biopolymer characterization, bio-based additives, bioplastic standards, bioplastic fibers, bioplastic processing, bioplastic cold resistance, bioplastic flexibility, microbial synthesis, polylactic acid (PLA), bioplastic certification, bioplastic safety, bioplastic cost, biodegradable plastics, bioplastic aroma barrier, biopolymers market, bio-based chemicals, bioplastics industry, and sustainable packaging.
Biodegradable plastics, such as bioplastics, offer numerous advantages over traditional plastics, including reduced greenhouse gas emissions, improved biocompatibility, and biodegradability. These factors contribute to the growing demand for bioplastics in various industries, including agriculture, medical, and consumer goods. The bioplastics industry's growth is driven by the increasing focus on sustainable development, the availability of renewable resources, and the need to reduce environmental impact. Biopolymers and bioplastics are produced through various methods, including biopolymer synthesis, chemical engineering, and microbial synthesis. These processes result in a wide range of bioplastic properties, including biodegradability, biocompatibility, chemical resistance, heat resistance, flexibility, and strength.
Bioplastics are used in various applications, such as food packaging, agricultural films, medical devices, and biodegradable coatings. The biopolymers and bioplastics market is expected to continue growing due to the increasing demand for sustainable materials and the availability of renewable resources. The market's growth is also driven by advancements in biopolymer synthesis, bioplastic processing, and bioplastic characterization. The market's evolution is shaped by various factors, including regulatory requirements, consumer preferences, and technological advancements. In conclusion, the biopolymers and bioplastics market is a dynamic and evolving industry that offers numerous opportunities for growth. The market's expansion is driven by the increasing demand for sustainable materials, the availability of renewable resources, and advancements in biopolymer synthesis, bioplastic processing, and biopolymer characterization.
The market's growth is shaped by various factors, including regulatory requirements, consumer preferences, and technological advancements. The European market, with its mature market dynamics and high demand for biodegradable packaging materials, is expected to continue leading the global biopolymers and bioplastics market.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The biopolymers and bioplastic market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the biopolymers and bioplastic market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, biopolymers and bioplastic market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
AGRANA Beteiligungs AG - The company specializes in the production and supply of biopolymers and bioplastics, including Bioplastic Agenacomp. These innovative materials offer sustainable alternatives to traditional plastics, contributing to reduced carbon emissions and waste. Biopolymers and bioplastics are derived from renewable resources, making them an eco-friendly solution for various industries. By utilizing advanced technology and research, the company ensures the production of high-quality, functional materials that meet the evolving needs of the market. The adoption of bioplastics is gaining momentum as more businesses seek to minimize their environmental footprint and align with consumer preferences for sustainable products.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The bioplastics market continues to evolve, driven by the relentless pursuit of sustainable alternatives to traditional fossil fuel-derived plastics. Bioplastics, derived from renewable resources, offer a more eco-friendly solution with reduced greenhouse gas emissions during production compared to their conventional counterparts. This shift is reflected in various sectors, from agricultural films that protect crops while minimizing environmental impact, to biodegradable coatings enhancing the shelf life of consumer goods. Cellulose-based polymers and biodegradable plastics are at the forefront of this revolution. In medical devices, biocompatible bioplastics ensure safety and efficiency, while bioplastic transparency aligns with aesthetic demands. Sustainable development is further emphasized through the use of bio-based polymers in packaging, particularly in food applications where biodegradability and compostability are crucial.
The circular economy is gaining momentum, with bioplastics playing a pivotal role in reducing waste and minimizing carbon footprint. Bioplastic processing and biopolymer synthesis, including chemical engineering and microbial synthesis, continue to advance, improving performance and durability. Bioplastic properties such as heat resistance, flexibility, and moisture resistance are being fine-tuned to meet diverse industry needs. Bioplastic regulations and certifications ensure safety and standards, while bioplastic testing and characterization provide valuable insights into their properties and degradation. Bioplastics are not limited to films and packaging; they also find applications in fibers, resins, and additives, expanding their reach across various industries.
The ongoing research and development in biopolymer science and technology underline the continuous dynamism of this evolving market.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Biopolymers And Bioplastic Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
181 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 18.54% |
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Market growth 2024-2028 |
USD 120 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
15.2 |
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Key countries |
Germany, US, China, UK, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this biopolymers and bioplastic market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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