Scope of the Study
Bioplastic is a biodegradable material which comes from renewable sources and can be used to reduce the problem of plastic waste that is suffocating the planet and polluting the environment. The normal plastic is a petroleum derivative and it is non-biodegradable. Bioplastics are derived from renewable biomass sources such as vegetable fats and oils, corn starch, straw, woodchips etc. Bioplastics can be used for disposable items like packaging, crockery, cutlery etc. The global bioplastics market is expected to witness high growth in the near future due to increasing focus of government and regulatory authorities on environment conservation activities.
The market study is being classified by Type (Bio-Degradable plastics [Polylactic acid (PLA), Polyhydroxyalkanoate (PHA), Biodegradable starch blends, Biodegradable polyesters, Biodegradable cellulose esters] and Non-Biodegradable Plastics [Bio-PA, Bio-PET, Bio-PE, Bio-PC, Bio-TPE, Bio-PUR]), by Application (Packaging, Agriculture, Food Service, Automotive Consumer Electronics, Household Appliances and Consumer Goods) and major geographies with country level break-up. According to AMA, the Global Bioplastics market is expected to see growth rate of 14.21%
NatureWorks (United States), Braskem (Brazil), Novamont (Italy), BASF (Germany), Total Corbion PLA (Netherlands), Biome Bioplastics (United Kingdom), Bio-On (Italy), Toray Industries (Japan), Plantic Technologies (Australia) and Mitsubishi Chemical Corporation (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are BioSphere Plastic (United States), Dow Plastics (United States), Cereplast (United States) and Solvay (Belgium).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Bioplastics market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Bioplastics market by Type, Application and Region.
On the basis of geography, the market of Bioplastics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- Increasing Focus of Government and Regulatory Authorities on Environment Conservation Activities
- Increasing Consumer Awareness
- Increasing Demand for Sustainable Products by both Consumers and Brands
- Increased Raw Material Cost
- Dependence on Petroleum-Based Bioplastics
- Lower Performance Standards than Synthetic Plastics
- Demand for Eco-Friendly Products
- High Demand from Asia Pacific Region
- Decomposition of the Bioplastics Releases Methane, Which is More Harmful Greenhouse Gas than Carbon Dioxide
- Expensive than Petrochemical Plastics
On 8th April 2019, Bio-On, an Italian intellectual property company and Kartell, a leading design company launches furniture made from revolutionary bio-material.
Key Target AudienceBioplastic Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase