Bioplastics & Biopolymers Market

Bioplastics & Biopolymers Market by Type (Non-Biodegradable/Bio-Based, Biodegradable), End-Use Industry (Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture), Region - Global Forecast to 2026

Report Code: CH 2325 Aug, 2021, by marketsandmarkets.com

[244 Pages Report] The global bioplastics & biopolymers market size is projected to grow from USD 10.7 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 22.7% between 2021 and 2026. Increasing demand for bioplastics & biopolymers from various end-use segments, stringent regulatory & sustainability mandates, and growing concerns for the environment is driving the market for bioplastics & biopolymers.

Bioplastics & Biopolymers Market

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COVID-19 impact on global bioplastics & biopolymers market

Bioplastics & biopolymers are used in various industries, such as packaging, consumer goods, automotive & transportation, textiles and agriculture & horticulture. However, due to the ongoing pandemic, the industries had been affected throughout the world. Manpower shortage, logistical restrictions, material unavailability, and other restrictions had slowed the growth of the industry during the previous year. Due to the outbreak of the Covid-19 pandemic and its gradual spread, industries of essential needs, like getting foods and required supplies safely to the consumers are increasingly affected. The global impact has led to sharp reduction in demand for some types of packaging which are condemned as non-essential. On the other hand the demand for essential packaging such as e-commerce shipment has seen massive growth. These changes are presenting the packaging companies with new set of challenges.  The affect of Covid-19 pandemic on the packaging industry will be mixed due to these reasons. The Covid-19 pandemic has affected the normal functioning of companies in the consumer goods sector. The successful marketing model has been impacted by the pandemic, which has furthered the proper functioning of business model. Due to the supply chain disruptions around the globe, 76% of the businesses had to reduce revenue targets by an average of 23%, as per Institute for Supply Management Research. The sector has mixed market feelings as some sectors such as household cleaning and frozen foods have seen increase in consumer demands whereas others have seen drop in sales and significant decrease in food traffic in retail stores. The companies had to become flexible with the change in consumer demand towards e-commerce. This as forced the entire consumer goods industry into digital age.

The automotive industry suffered largely due to the Covid-19 impact in 2020. However, the market has since rebounded during the previous months to show year-on-year growth in China, Europe and the US. However, in the long run, without the proper solution the demand is to remain moderate during the coming years. The industry also saw supply chain disruption in Chinese parts export, large scale manufacturing disruptions and closing of assembly plants

Bioplastics & Biopolymers Market Dynamics

Driver: Shift in consumer preference toward eco-friendly plastic products

Consumer awareness regarding sustainable plastic solutions and pervasive efforts to eliminate the use of non-biodegradable conventional plastics are contributing to the market growth of bioplastics. Traditional plastics, which are generally petroleum-based, take decades to break down or degrade and lay in the landfills for a long period. Biodegradable plastics break down faster when they are discarded and are absorbed back into the natural system. In addition, the rate of decomposition of biodegradable plastics by the activities of microorganisms is much faster than that of traditional plastics.

Biodegradable plastics break down 60% and more within 180 days or less as compared with traditional plastics, which take around 1,000 years to break down. Increasing landfills and waste piles have emerged as serious environmental hazards and resulted in numerous adverse effects on flora and fauna of the ecosystem.

The growing consumer awareness regarding these adverse effects (arising from the use of traditional plastics) is encouraging the use of biodegradable plastics. Moreover, the use of conventional polymers may pose a threat to human health and safety due to their toxic content. For example, PVC may cause genetic disorders, ulcers, deafness, and vision failure. The table below lists the risks associated with the use of conventional polymers/plastics. Such high risks increase the demand for products that are safe for human health. Therefore, increasing consumer awareness, along with governmental legislation, is driving the use of bio-based products such as biodegradable plastics and bio-based plastics.

Restraint: Higher prices of bioplastics than conventional plastics

The higher cost of bioplastics than that of traditional polymers restrains the growth of the market in many application segments. In many cases, the cost of production of bio-based polymers is 20% to 100% higher than that of conventional polymers. This is primarily due to the high polymerization cost of bio-based polymers as most of the processes are still in the developmental stage and hence have not achieved economies of scale. For example, PHAs, which have a variety of applications in binders, synthetic papers, medical devices, electronic parts, food packaging, and agriculture, have high production costs, low yields, and limited availability. PLAs, which have a much lower cost of production compared to PHAs, are still more expensive than petroleum-based PE and PP. In general, the bio-based materials are still at the development stage and have not been commercialized to the same level as their petrochemical counterparts, which have been developing rapidly for more than 50 years.

Currently, the cost of biodegradable plastics varies from USD 2/kg to USD 6/kg as compared with that of traditional plastics, which is approximately, USD 1/kg to USD 2/kg. Higher R&D and production costs due to small-scale production and the significant price difference in comparison to traditional petroleum-based plastics are the key factors, which contribute to the low penetration of bioplastics in various industries.

Opportunity: High potential in emerging countries of APAC

The bioplastics & biopolymers market players are continuously implementing organic and inorganic strategies for their growth. In recent years, the players have made many strategic developments in the emerging countries of APAC. For instance, in 2019, Total Corbion set up a PLA Plant in Rayong, Thailand, with a production capacity of 75,000 tons per year. In the same year, Mitsubishi Chemical Holding Corporation (Japan) and Lenovo Group Limited (China) entered into a joint venture to produce a bioplastic-based body (3D shape rear panel) for smartphones. In addition, Indonesia is exploring bioplastic alternatives, such as seaweed. Evoware, a local player, provides patented seaweed-based packaging. The company is producing containers made from seaweed. The regulations related to the environment are expected to increase, which would eventually propel the demand for bioplastics in these countries in the future. Moreover, Southeast Asia is rich in bio-based feedstock required to produce bioplastic as it has local access to sustainable raw materials. Thus, regulations, coupled with the easy availability of feedstock, will, in turn, help sustain the demand for bioplastics during the forecast period.

Challenge:  Limited regulations related to bioplastics in developing countries

The choice of a product over its alternative is influenced by the existing regulations in the market. The preference for bioplastics over conventional plastics can be increased by the stringent regulations related to waste management and regulations in the plastics industry. Bioplastics can compete with conventional plastics only if they meet the requirements related to the cost, functionalities, supply, and recyclability. However, the regulations in developing countries are limited.

In some parts of developing and under-developed regions such as Africa, Latin America, and APAC, ignorance and negligence have led to a lack of awareness about the importance of sustainability and recycling of packaging products. Consumers do not realize the severity of the problems caused due to wastes unless they are directly affected by them. However, with a boom in digital and social media all over the world, awareness about sustainability is expected to increase in these regions. Despite all the initiatives by governments, there are a substantial number of people who do not contribute and believe in recycling and reusing of packaging materials. Hence, stringent regulations related to packaging and waste management are required in these countries, or else this would continue to challenge the growth of the bioplastics and biopolymers market, globally.

In terms of value, the packaging is projected to account for the largest share of the bioplastics & biopolymers market, by end-use industry, during the forecast period.

Packaging is the largest end-use industry for the application of bioplastics & biopolymers. They accounted for the share of  61.6%, in 2020, for the global bioplastics & biopolymers market. Increasing environmental regulations and changes in the lifestyle of consumers have increased the demand for bioplastics & biopolymers in the packaging industry. Plastics have high durability and impermeability to water, which has encouraged their use in packaging. Packaging applications of bioplastics & biopolymers include food packaging, healthcare packaging, cosmetic & personal care packaging, shopping bags, and others.

Focus of governments on green procurement policies and regulations to increase the demand for bioplastics & biopolymers.

The growing need to reduce the dependency on conventional fossil fuels is propelling the demand for bio-based products. This is also supported by the new policies and regulations implemented and adopted by the government bodies globally. These regulations include banning or implementing additional surcharges on the use of conventional plastics in applications, such as shopping bags, packaging materials, and disposables. These increasing regulations and prohibitions against plastic bags and other plastic items are driving the market for bioplastics, especially biodegradable plastics, worldwide.

APAC is expected to account for the fastest-growing market during the forecast period.

Based on region, the bioplastics & biopolymers market has been segmented into APAC, Europe, North America, RoW. APAC is the fastest-growing bioplastics & biopolymer market owing to the increasing consumer preferences towards eco-friendly plastic products with the rapidly growing population of the region. Increasing consumer purchasing power has propelled the growth of various end use industries in this region. These factors are expected to lead to increasing demand for bioplastics & biopolymers in the region during the forecast period.

Bioplastics & Biopolymers Market by Region

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Key Market Players

Major players operating in the global bioplastics & biopolymers market include NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia).

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Scope of the Report

Report Metric

Details

Years considered for the study

2017–2026

Base year

2020

Forecast period

2021–2026

Units considered

Value (USD Million), Kiloton(KT)

Segments

Type, End-use Industry, Region

Regions

North America, Europe, APAC and RoW

Companies

NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia).

This research report categorizes the Bioplastics & Biopolymers market based on type, end-use industry, and region.

Based on the type:

  • Biodegradable
    • PLA
    • Starch Blends
    • PHA
    • PBS
    • Others
    • PCL
    • PBAT
  • Non-Biodegradable/Biobased
    • BIO-PET
    • BIO-PABIO-PE
    • BIO-PTT
    • Others
    • BIO-PP
    • BIO-PEF

Based on the end-use industry:

  • Packaging
  • Consumer Goods
    • Electrical Appliances
    • Domestic Appliances
    • Others
  • Automotive & Transportation
    • Interior
    • Exterior
    • Under Hood
  • Textiles
    • Medical & Healthcare Textile
    • Personal care, clothes and other textiles
  • Agriculture & Horticulture
    • Tapes & Mulch Films
    • Others
  • Others

Based on the region:

  • APAC
  • Europe
  • North America
  • Rest of World (RoW)

Recent Developments

  • In April 2021, NatureWorks announced a new strategic partnership with IMA Coffee, which is a market leader in coffee handling processing and packaging. This partnership aims at increasing the market reach for high-performing compostable K-cup in North America.
  • In August 2019, Braskem and Ledesma (Argentina), manufacturer of natural agroindustrial products, have collaborated to deliver Ledesma + Bio, which is a line of 100% sustainable notebooks made entirely of sugarcane. Such initiatives are expected to cater to the needs of the bioplastics & biopolymers market.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 23)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 BIOPLASTICS & BIOPOLYMERS MARKET: INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNITS CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
          FIGURE 1 BIOPLASTICS & BIOPOLYMERS MARKET: RESEARCH DESIGN
    2.2 SECONDARY DATA
           2.2.1 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY DATA
           2.3.1 KEY DATA FROM PRIMARY SOURCES
                    2.3.1.1 Primary interviews – Demand and supply-side
                    2.3.1.2 Key industry insights
                    2.3.1.3 Breakdown of primary interviews
    2.4 MARKET SIZE ESTIMATION
           2.4.1 BOTTOM-UP APPROACH
           2.4.2 BIOPLASTICS & BIOPOLYMERS MARKET: STUDY APPROACH
                    FIGURE 2 DEMAND-SIDE APPROACH
           2.4.3 SUPPLY-SIDE APPROACH
           2.4.4 TOP-DOWN APPROACH
                    FIGURE 3 BIOPLASTICS & BIOPOLYMERS MARKET: TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION: BIOPLASTICS & BIOPOLYMERS MARKET TOP-DOWN APPROACH
    2.5 FORECAST NUMBER CALCULATION
           2.5.1 DEMAND-SIDE FORECAST PROJECTIONS
    2.6 DATA TRIANGULATION
          FIGURE 5 BIOPLASTICS & BIOPOLYMERS MARKET: DATA TRIANGULATION
    2.7 FACTOR ANALYSIS
    2.8 ASSUMPTIONS
    2.9 LIMITATIONS & RISKS ASSOCIATED WITH BIOPLASTICS & BIOPOLYMERS MARKET

3 EXECUTIVE SUMMARY (Page No. - 41)
    FIGURE 6 NON-BIODEGRADABLE PLASTICS TO LEAD BIOPLASTICS & BIOPOLYMERS MARKET DURING FORECAST PERIOD
    FIGURE 7 BIO-PET TO DOMINATE NON-BIODEGRADABLE BIOPLASTICS & BIOPOLYMERS MARKET BETWEEN 2020 AND 2025
    FIGURE 8 PLA TO BE LARGEST TYPE OF BIODEGRADABLE BIOPLASTICS & BIOPOLYMERS BETWEEN 2020 AND 2025
    FIGURE 9 PACKAGING INDUSTRY TO DOMINATE BIOPLASTICS & BIOPOLYMERS MARKET BETWEEN 2021 AND 2026
    FIGURE 10 EUROPE LED BIOPLASTICS & BIOPOLYMERS MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 46)
    4.1 SIGNIFICANT OPPORTUNITIES IN BIOPLASTICS & BIOPOLYMERS MARKET
          FIGURE 11 HIGH GROWTH POTENTIAL IN PACKAGING INDUSTRY TO DRIVE MARKET
    4.2 APAC: BIOPLASTICS & BIOPOLYMERS MARKET, BY END-USE INDUSTRY AND COUNTRY
          FIGURE 12 PACKAGING INDUSTRY DOMINATED MARKET IN APAC
    4.3 BIOPLASTICS & BIOPOLYMERS MARKET, BY TYPE
          FIGURE 13 BIODEGRADABLE SEGMENT TO LEAD BIOPLASTICS & BIOPOLYMERS MARKET
    4.4 BIOPLASTICS & BIOPOLYMERS MARKET, BY END-USE INDUSTRY
          FIGURE 14 PACKAGING TO CAPTURE HIGHEST SHARE DURING FORECAST PERIOD
    4.5 BIOPLASTICS & BIOPOLYMERS MARKET, BY REGION
           FIGURE 15 CHINA TO BE FASTEST-GROWING BIOPLASTICS & BIOPOLYMERS MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 49)
    5.1 INTRODUCTION
           FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN BIOPLASTICS & BIOPOLYMERS MARKET
           5.1.1 DRIVERS
                    5.1.1.1 Shift in consumer preference toward eco-friendly plastic products
                                TABLE 1 ADVERSE HEALTH EFFECTS DUE TO USE OF CONVENTIONAL PLASTICS
                    5.1.1.2 Increasing use of bioplastics in packaging industry
                    5.1.1.3 Increase in waste management regulations in Europe
                    5.1.1.4 Government focus on green procurement policies and regulations
                                TABLE 2 REGULATIONS ON USE OF PLASTIC BAGS
                    5.1.1.5 Increased focus on bio-based content over biodegradability
           5.1.2 RESTRAINTS
                    5.1.2.1 Higher prices of bioplastics than conventional plastics
                                FIGURE 17 GLOBAL BIOPLASTICS & BIOPOLYMERS PRICE TREND (20182026)
                    5.1.2.2 Performance issue of bioplastics
           5.1.3 OPPORTUNITIES
                    5.1.3.1 Development of new applications
                    5.1.3.2 High potential in emerging countries of APAC
           5.1.4 CHALLENGES
                    5.1.4.1 Segregation and processing of bioplastics
                                FIGURE 18 BIODEGRADABLE BIOPLASTICS LIFE CYCLE
                    5.1.4.2 Fluctuating oil prices creates volatility in demand for biodegradable plastics
                                FIGURE 19 CRUDE OIL PRICES FROM 2014 TO 2020
                    5.1.4.3 Expensive and complex production process
                    5.1.4.4 Limited regulations related to bioplastics in developing countries
    5.2 PORTER’S FIVE FORCES ANALYSIS
          FIGURE 20 PORTER'S FIVE FORCES ANALYSIS
           5.2.1 THREAT OF NEW ENTRANTS
           5.2.2 THREAT OF SUBSTITUTES
           5.2.3 BARGAINING POWER OF BUYERS
           5.2.4 BARGAINING POWER OF SUPPLIERS
           5.2.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 3 BIOPLASTICS & BIOPOLYMERS MARKET: PORTER'S FIVE FORCES ANALYSIS
    5.3 VALUE CHAIN ANALYSIS
           5.3.1 RAW MATERIAL SUPPLIERS
           5.3.2 MANUFACTURERS
           5.3.3 DISTRIBUTORS
           5.3.4 END-CONSUMERS
                    FIGURE 21 VALUE CHAIN
    5.4 TARIFF & REGULATIONS
           5.4.1 NORTH AMERICA
                    5.4.1.1 United States
                    5.4.1.2 Canada
           5.4.2 ASIA
           5.4.3 EUROPE
    5.5 TRADE ANALYSIS
           5.5.1 IMPORT OF PHA
           5.5.2 EXPORT OF PHA
           5.5.3 IMPORT TRADE DATA OF PLA FOR TOP 10 COUNTRIES, 2016-2020 (USD)
           5.5.4 EXPORT TRADE DATA OF PLA FOR TOP COUNTRIES, 2016-2020 (USD)
    5.6 ECOSYSTEM MAPPING
           FIGURE 22 ECOSYSTEM
           TABLE 4 BIOPLASTICS & BIOPOLYMERS: ECOSYSTEM
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 PHA BIODEGRADABLE BIOPLASTIC
           5.7.2 BIOPOLYMERS MADE FROM MICROORGANISMS
           5.7.3 BIOPLASTICS MADE FROM FISH SCALES
           5.7.4 BIOPLASTICS MADE FROM RED FRUIT
    5.8 CASE STUDY ANALYSIS
           5.8.1 BASF
           5.8.2 NOVAMONT
           5.8.3 BRASKEM
           5.8.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
    5.9 COVID19 IMPACT ANALYSIS
           5.9.1 COVID-19 ECONOMIC ASSESSMENT
           5.9.2 MAJOR ECONOMIC EFFECTS OF COVID-19
           5.9.3 EFFECTS ON GDP OF COUNTRIES
                    FIGURE 23 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           5.9.4 CONFIRMED CASES AND DEATHS, BY GEOGRAPHY
                    FIGURE 24 IMPACT OF COVID-19, BASED ON COUNTRY
           5.9.5 IMPACT ON END-USE INDUSTRIES
                    5.9.5.1 Packaging
                    5.9.5.2 Consumer Goods
                    5.9.5.3 Automotive & Transportation
                    5.9.5.4 Textile
                    5.9.5.5 Agriculture & Horticulture
    5.10 MACROECONOMIC ANALYSIS
           TABLE 5 PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES, 2018–2025
    5.11 OPERATIONAL DATA
           TABLE 6 PRODUCTION OF PASSENGER CARS, COMMERCIAL VEHICLES, TRUCKS, AND BUSES, BY COUNTRY, 2019–2020 (UNITS)
           TABLE 7 PRODUCTION OF PASSENGER CARS, COMMERCIAL VEHICLES, TRUCKS, AND BUSES, BY REGION, 2019–2020 (UNITS)
    5.12 AVERAGE PRICING ANALYSIS
           FIGURE 25 BIOPLASTICS & BIOPOLYMERS AVERAGE REGIONAL PRICE
           FIGURE 26 AVERAGE YEARLY PRICING, BY TYPE
    5.13 RAW MATERIAL ANALYSIS
           FIGURE 27 MANUFACTURING PROCESSES OF DIFFERENT BIOPLASTICS & BIOPOLYMERS
           5.13.1 BIO-PET
           5.13.2 BIO-PE
           5.13.3 PLA
           5.13.4 PHA
           5.13.5 BIO-PBS
           5.13.6 STARCH BLENDS
           5.13.7 REGENERATED CELLULOSE
    5.14 PATENT ANALYSIS
           5.14.1 METHODOLOGY
           5.14.2 DOCUMENT TYPE
                     FIGURE 28 GRANTED PATENTS VS. APPLIED PATENTS
                     FIGURE 29 PUBLICATION TRENDS – LAST 10 YEARS
           5.14.3 INSIGHTS
           5.14.4 JURISDICTION ANALYSIS
                     FIGURE 30 PATENT ANALYSIS, BY JURISDICTION
           5.14.5 TOP COMPANIES/APPLICANTS
                     FIGURE 31 TOP COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
                    5.14.5.1 Patents by Cargill
                    5.14.5.2 Patents by Chulliel Neelakandan Narayanan
                    5.14.5.3 Patents by BASF SE
                    5.14.5.4 Patents by The Procter & Gamble Company
                    5.14.5.5 Patents by Novamont S.P.A.
           5.14.6 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS

6 BIOPLASTICS & BIOPOLYMERS MARKET, BY TYPE (Page No. - 93)
    6.1 INTRODUCTION
          FIGURE 32 NON-BIODEGRADABLE/BIO-BASED SEGMENT TO DOMINATE OVERALL MARKET BETWEEN 2021 AND 2026
          TABLE 8 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
          TABLE 9 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
          TABLE 10 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 11 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
          FIGURE 33 POLYLACTIC ACID (PLA) TO DOMINATE OVERALL BIODEGRADABLE BIOPLASTICS & BIOPOLYMERS MARKET BETWEEN 2021 AND 2026
          TABLE 12 BIODEGRADABLE BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY SUB-TYPE, 2017–2020 (KILOTON)
          TABLE 13 BIODEGRADABLE BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY SUB-TYPE, 2021–2026 (KILOTON)
          TABLE 14 BIODEGRADABLE BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY SUB-TYPE, 2017–2020 (USD MILLION)
          TABLE 15 BIODEGRADABLE BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY SUB-TYPE, 2021–2026 (USD MILLION)
          FIGURE 34 BIO-PET SEGMENT TO DOMINATE NON-BIODEGRADABLE/BIO-BASED BIOPLASTICS & BIOPOLYMERS MARKET BETWEEN 2021 AND 2026
          TABLE 16 NON-BIODEGRADABLE/BIO-BASED BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY SUB-TYPE, 2017–2020 (KILOTON)
          TABLE 17 NON-BIODEGRADABLE/BIO-BASED BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY SUB-TYPE, 2021–2026 (KILOTON)
          TABLE 18 NON-BIODEGRADABLE/BIO-BASED BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY SUB-TYPE, 2017–2020 (USD MILLION)
          TABLE 19 NON-BIODEGRADABLE/BIO-BASED BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY SUB-TYPE, 2021–2026 (USD MILLION)
    6.2 BIODEGRADABLE BIOPLASTICS & BIOPOLYMERS
           6.2.1 PLA
                    6.2.1.1 Packaging industry is largest consumer of PLA
           6.2.2 STARCH BLENDS
                    6.2.2.1 Properties such as tensile strength and elongation to boost demand for starch blend
           6.2.3 PBAT
                    6.2.3.1 Use in packaging, flexible film, and mulch film applications to drive the market
           6.2.4 PHA
                    6.2.4.1 PHA segment to register fastest growth rate during the forecast period
           6.2.5 PBS
                    6.2.5.1 Superior processability of PBS driving its demand in the market
                                TABLE 20 LIST OF MAJOR SUPPLIERS OF PBS
           6.2.6 OTHERS
                    6.2.6.1 PCL
                    6.2.6.2 Regenerative Cellulose
                    6.2.6.3 Cellulose Derivatives
    6.3 NON-BIODEGRADABLE/BIO-BASED BIOPLASTICS & BIOPOLYMERS
           6.3.1 BIO-PE
                    6.3.1.1 Food packaging industry expected to drive the bio-PE market
           6.3.2 BIO-PA
                    6.3.2.1 Increase in automotive sales expected to drive the bio-PA market
           6.3.3 BIO-PET
                    6.3.3.1 Increasing demand for beverages to drive the bio-PET market
           6.3.4 BIO-PTT
                    6.3.4.1 Superior mechanical properties to fuel consumption of bio-PTT
           6.3.5 OTHERS
                    6.3.5.1 Bio-PP
                    6.3.5.2 Bio-PEF

7 BIOPLASTICS & BIOPOLYMERS MARKET, BY END-USE INDUSTRY (Page No. - 105)
    7.1 INTRODUCTION
          FIGURE 35 PACKAGING INDUSTRY TO DRIVE BIOPLASTICS & BIOPOLYMERS MARKET BETWEEN 2021 AND 2026
          TABLE 21 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 22 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
          TABLE 23 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 24 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    7.2 PACKAGING
           7.2.1 FOOD & BEVERAGE INDUSTRY TO DRIVE THE MARKET IN PACKAGING SECTOR
                    FIGURE 36 FLEXIBLE PACKAGING LED THE MARKET IN PACKAGING INDUSTRY
                    TABLE 25 TYPICAL APPLICATIONS IN BIOPLASTICS & BIOPOLYMERS PACKAGING
           7.2.2 FLEXIBLE PACKAGING
                    7.2.2.1 Growing demand for flexible liquid packaging expected to drive the market
                    7.2.2.2 Bags
                    7.2.2.3 Pouches
                    7.2.2.4 Films and Roll stocks
                    7.2.2.5 Others
           7.2.3 RIGID PACKAGING
                    7.2.3.1 Electronics industry is largest consumer of rigid packaging
                    7.2.3.2 Bottle and jars
                    7.2.3.3 Trays
                    7.2.3.4 Tubs
                    7.2.3.5 Caps and closures
                    7.2.3.6 Others
    7.3 CONSUMER GOODS
           7.3.1 ELECTRICAL APPLIANCES
                    7.3.1.1 Increasing demand for fast-moving consumer electronics to drive the market
           7.3.2 DOMESTIC APPLIANCES
                    7.3.2.1 Growing demand for biodegradable houseware driving the market for bioplastics & biopolymers
           7.3.3 OTHERS
    7.4 AUTOMOTIVE & TRANSPORTATION
           7.4.1 INTERIOR
                    7.4.1.1 Increased use of eco-friendly material driving the demand
           7.4.2 UNDER HOOD
                    7.4.2.1 Bioplastics are used as substitutes for conventional plastics
           7.4.3 EXTERIOR
                    7.4.3.1 High abrasion resistance and smooth finish increasing the demand for bioplastics
    7.5 TEXTILE
           7.5.1 MEDICAL & HEALTHCARE TEXTILES
                    7.5.1.1 PLA-based polymers usage to drive the market for bioplastics & biopolymers
           7.5.2 PERSONAL CARE, CLOTHES, AND OTHER TEXTILES
                    7.5.2.1 Increasing demand for bioplastics & biopolymers in textile industry to drive the market
    7.6 AGRICULTURE
           7.6.1 TAPES & MULCH FILMS
                    7.6.1.1 Biodegradable films are driving the market for bioplastics & biopolymers
           7.6.2 OTHERS
    7.7 OTHERS

8 BIOPLASTICS & BIOPOLYMERS, BY REGION (Page No. - 119)
    8.1 INTRODUCTION
          FIGURE 37 APAC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
          TABLE 26 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
          TABLE 27 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
          TABLE 28 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
          TABLE 29 BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.2 APAC
          FIGURE 38 APAC: BIOPLASTICS & BIOPOLYMERS MARKET SNAPSHOT
          TABLE 30 APAC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
          TABLE 31 APAC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
          TABLE 32 APAC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 33 APAC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 34 APAC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 35 APAC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
          TABLE 36 APAC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 37 APAC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.2.1 CHINA
                    8.2.1.1 Presence of large packaging and consumer goods industries fueling consumption of bioplastics & biopolymers
                                TABLE 38 CHINA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 39 CHINA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 40 CHINA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 41 CHINA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.2.2 INDIA
                    8.2.2.1 Single-use plastics ban initiative by government to boost the bioplastics & biopolymer market
                                TABLE 42 INDIA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 43 INDIA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 44 INDIA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 45 INDIA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.2.3 JAPAN
                    8.2.3.1 Growth of packaging and consumer goods industries is driving the market
                                TABLE 46 JAPAN: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 47 JAPAN: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 48 JAPAN: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 49 JAPAN: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.2.4 SOUTH KOREA
                    8.2.4.1 Economic growth of the country is driving the bioplastics & biopolymers market
                                TABLE 50 SOUTH KOREA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 51 SOUTH KOREA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 52 SOUTH KOREA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 53 SOUTH KOREA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.2.5 REST OF APAC
                    TABLE 54 REST OF APAC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 55 REST OF APAC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    TABLE 56 REST OF APAC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 57 REST OF APAC: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    8.3 EUROPE
          FIGURE 39 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SNAPSHOT
          TABLE 58 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
          TABLE 59 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
          TABLE 60 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 61 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 62 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 63 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
          TABLE 64 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 65 EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.1 GERMANY
                    8.3.1.1 Flexible packaging application to drive the market for bioplastics & biopolymers in the country
                                TABLE 66 GERMANY: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 67 GERMANY: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 68 GERMANY: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 69 GERMANY: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.2 ITALY
                    8.3.2.1 Reviving economy is favorable for the market in the country
                                TABLE 70 ITALY: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 71 ITALY: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 72 ITALY: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 73 ITALY: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.3 FRANCE
                    8.3.3.1 Government initiatives leading to a shift toward use of non-biodegradable and biodegradable bioplastics
                                TABLE 74 FRANCE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 75 FRANCE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 76 FRANCE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 77 FRANCE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.4 SPAIN
                    8.3.4.1 Market gaining traction with growth of packaging industry
                                TABLE 78 SPAIN: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 79 SPAIN: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 80 SPAIN: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 81 SPAIN: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.5 UK
                    8.3.5.1 Stringent regulations regarding use of single-use plastics are driving the market
                                TABLE 82 UK: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 83 UK: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 84 UK: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 85 UK: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.6 GREECE
                    8.3.6.1 Various campaigns and government initiatives to drive the awareness
                                TABLE 86 GREECE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 87 GREECE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 88 GREECE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 89 GREECE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.7 EASTERN EUROPE
                    8.3.7.1 Consumer trends to influence growth of bioplastics & biopolymers market
                                TABLE 90 EASTERN EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 91 EASTERN EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 92 EASTERN EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 93 EASTERN EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.8 REST OF EUROPE
                    TABLE 94 REST OF EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 95 REST OF EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    TABLE 96 REST OF EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 97 REST OF EUROPE: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    8.4 NORTH AMERICA
          FIGURE 40 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SNAPSHOT
          TABLE 98 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
          TABLE 99 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
          TABLE 100 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 101 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 102 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 103 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
          TABLE 104 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 105 NORTH AMERICA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.4.1 US
                    8.4.1.1 Government initiatives to increase demand for bioplastics & biopolymers market
                                TABLE 106 US: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 107 US: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 108 US: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 109 US: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.4.2 CANADA
                    8.4.2.1 Regulations driving the demand for biodegradable plastics
                                TABLE 110 CANADA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 111 CANADA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 112 CANADA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 113 CANADA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.4.3 MEXICO
                    8.4.3.1 Growing R&D to drive bioplastics & biopolymers market in the country
                                TABLE 114 MEXICO: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 115 MEXICO: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 116 MEXICO: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 117 MEXICO: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    8.5 ROW
          TABLE 118 ROW: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
          TABLE 119 ROW: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
          TABLE 120 ROW: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 121 ROW: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 122 ROW: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
          TABLE 123 ROW: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
          TABLE 124 ROW: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 125 ROW: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.5.1 BRAZIL
                    8.5.1.1 Increasing demand from packaging industry is driving the market
                                TABLE 126 BRAZIL: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 127 BRAZIL: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 128 BRAZIL: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 129 BRAZIL: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.5.2 ARGENTINA
                    8.5.2.1 Recovering economy of the country to boost the market growth
                                TABLE 130 ARGENTINA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 131 ARGENTINA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 132 ARGENTINA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 133 ARGENTINA: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.5.3 OTHER COUNTRIES
                    TABLE 134 OTHER COUNTRIES: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 135 OTHER COUNTRIES: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    TABLE 136 OTHER COUNTRIES: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 137 OTHER COUNTRIES: BIOPLASTICS & BIOPOLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)

9 COMPETITIVE LANDSCAPE (Page No. - 180)
    9.1 OVERVIEW
          FIGURE 41 COMPANIES ADOPTED INVESTMENTS & EXPANSIONS AND NEW PRODUCT DEVELOPMENTS AS KEY GROWTH STRATEGIES BETWEEN 2017–2021
    9.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2020
          FIGURE 42 RANKING OF TOP FIVE PLAYERS IN THE BIOPLASTICS & BIOPOLYMERS MARKET, 2020
    9.3 MARKET SHARE ANALYSIS
          FIGURE 43 BIOPLASTICS & BIOPOLYMERS MARKET SHARE, BY COMPANY (2020)
          TABLE 138 BIOPLASTICS & BIOPOLYMERS MARKET: DEGREE OF COMPETITION
    9.4 REVENUE ANALYSIS OF TOP TWO MARKET PLAYERS
          FIGURE 44 TOP TWO PLAYERS DOMINATED THE MARKET DURING THE LAST FIVE YEARS
    9.5 MARKET EVALUATION MATRIX
          TABLE 139 MARKET EVALUATION MATRIX
    9.6 COMPANY EVALUATION MATRIX, 2021 (TIER 1)
           9.6.1 STARS
           9.6.2 EMERGING LEADERS
                    FIGURE 45 BIOPLASTICS & BIOPOLYMERS MARKET: COMPANY EVALUATION MATRIX, 2020
    9.7 COMPANY TYPE FOOTPRINT
    9.8 COMPANY INDUSTRY FOOTPRINT
    9.9 COMPANY REGION FOOTPRINT
    9.10 STRENGTH OF STRATEGY EXCELLENCE
    9.11 BUSINESS PRODUCT FOOTPRINT
    9.12 START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX
           9.12.1 STARTING BLOCKS
           9.12.2 DYNAMIC COMPANIES
                     FIGURE 46 BIOPLASTICS & BIOPOLYMERS MARKET: STARTUPS AND SMES MATRIX, 2020
    9.13 COMPETITIVE SCENARIO
           9.13.1 NEW PRODUCT LAUNCHES
                     TABLE 140 NEW PRODUCT LAUNCHES, 2017–2021
           9.13.2 BIOPLASTICS & BIOPOLYMERS: DEALS
                     TABLE 141 BIOPLASTICS & BIOPOLYMERS: DEALS, 2017—2021
           9.13.3 OTHER DEVELOPMENTS
                     TABLE 142 OTHER DEVELOPMENTS, 2017–2021

10 COMPANY PROFILES (Page No. - 201)
     10.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
             10.1.1 NATUREWORKS
             10.1.2 BRASKEM
                        FIGURE 47 BRASKEM: COMPANY SNAPSHOT
             10.1.3 BASF
                        FIGURE 48 BASF: COMPANY SNAPSHOT
             10.1.4 TOTAL CORBION
             10.1.5 NOVAMONT
             10.1.6 BIOME BIOPLASTICS
             10.1.7 MITSUBISHI CHEMICAL HOLDINGS CORPORATION
                        FIGURE 49 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY SNAPSHOT
             10.1.8 BIOTEC
             10.1.9 TORAY INDUSTRIES
                        FIGURE 50 TORAY INDUSTRIES: COMPANY SNAPSHOT
             10.1.10 PLANTIC TECHNOLOGIES
     10.2 OTHER KEY PLAYERS
             10.2.1 ARKEMA
             10.2.2 AKRO-PLASTIC
             10.2.3 AGRANA
             10.2.4 CARBIOLICE
             10.2.5 CARDIA BIOPLASTICS
             10.2.6 FUTERRO
             10.2.7 FKUR KUNSTSTOFF
             10.2.8 GREEN DOT BIOPLASTICS
             10.2.9 INGEVITY
             10.2.10 PTT MCC BIOCHEM
             10.2.11 SUCCINITY
             10.2.12 SYNBRA TECHNOLOGY
             10.2.13 TIANAN BIOLOGIC MATERIALS
             10.2.14 UNITED BIOPOLYMERS
             10.2.15 ZHEJIANG HISUN BIOMATERIALS

*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

11 APPENDIX (Page No. - 236)
     11.1 INSIGHTS FROM INDUSTRY EXPERTS
     11.2 DISCUSSION GUIDE
     11.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     11.4 AVAILABLE CUSTOMIZATIONS
     11.5 RELATED REPORTS
     11.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the bioplastics & biopolymers market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.

Secondary Research

This research report involves extensive secondary sources, directories, and databases, such as Bloomberg, BusinessWeek, Factiva, ICIS, and OneSource, to identify and collect information useful for the technical, market-oriented, and commercial study of the bioplastics & biopolymers market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications.

Primary Research

The Bioplastics & Biopolymers market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, buyers, and regulatory organizations. The demand side of this market is characterized by developing the end-use industry, such as food & beverage, textiles and industrial. The supply side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

 

Bioplastics & Biopolymers Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the Bioplastics & Biopolymers market. These methods were also used extensively to estimate the sizes of various subsegments in the market. The research methodology used to estimate the market size includes the following steps:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes explained above—the Bioplastics & Biopolymers market was split into several segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze and forecast the bioplastics & biopolymers market size, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To define, describe, and forecast the market based on type and end-use industry
  • To forecast the market size of different segments based on regions: Asia Pacific (APAC), Europe, North America and Rest of World (RoW), with their key countries.
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape of market leaders
  • To analyze competitive developments:  investment & expansion, new product development, and merger & acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their core competencies2

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the Bioplastics & Biopolymers market report:

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company

Regional Analysis

  • A further breakdown of the bioplastics & biopolymers market, by segments

Company Information

  • Detailed analysis and profiling of additional market players (up to ten)
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Benchmarking the rapid strategy shifts of the Top 100 companies in the Bioplastics & Biopolymers Market

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