Bio-plastics and Biopolymers are a form of plastics and polymers which are derived from renewable biomass source such as vegetable oils and fats, starch corn, technology which has a complex network, intelligent control system and home automation system as its primary components.  Bio-plastics can be produced from agricultural by-products and from used plastic bottles or other containers using microorganisms. Petroleum-based polymers are generally plastics which are found everywhere including fossil-fuel plastics. These are usually obtained from natural gas or petroleum. One of the major factors propelling the growth in the biopolymers and bio-plastic market is the riding of bio-based and renewable raw materials. The reliance on petroleum-based plastics is slowly decreasing with the growing use of bio-plastic in various applications such as packaging and domestic goods. The efficient use of biomass, such as trees, grass, plants and other natural materials such as animal meat and other tissues which decompose by the activities of microorganisms, will help in creating a bio-based economy. The raw materials utilized in the production of biopolymers are renewable in nature and are available in huge amount across the world, compared to petroleum- and fossil-based raw materials. Moreover, the rising importance of biopolymers and bio-plastic is another key factor fueling the biopolymers and bio-plastic market share growth. The traditional plastics take around 100 years to break down after having been in the landfill whereas, biopolymers and bio-plastic can break down and be absorbed back to the environment, and microorganisms can act better and quicker on biopolymers and bio-plastic. In addition to this, the rising instance of waste piles in landfills is an extreme environmental concern in various developing countries. The legal framework across various countries is offering incentives for the use of bio-plastics around the world, enhancing the growth of the global biopolymers and bio-plastic market. On the other hand, the high cost of bio-plastics compared to traditional plastics is a key factor to impede the market growth. 

The bio-plastics and biopolymers market players are constantly implementing organic and inorganic strategies for their growth. In the recent past, the players have made various strategic developments in the developing countries of Asia pacific. For instance, Indonesia is exploring bio-plastic alternatives, such as seaweed. Evoware, a local player, offers patented seaweed-based packaging. The company is manufacturing containers made out of seaweed. The regulations associated to the environment are projected to increase, which would eventually accelerate the demand for bio-plastics in these countries in the future which creates a significant opportunity to the biopolymers and bio-plastic market.

The global Bio-plastics & Biopolymers Market is segregated on the basis of Type as Non-Biodegradable/Bio-Based, Biodegradable and Others. Based on End-Use Industry the global Bio-plastics & Biopolymers Market is segmented in Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture and Others.

The global Bio-plastics & Biopolymers Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Bio-plastics & Biopolymers Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Agrana, Mitsubishi Chemical Holdings Corporation, Green Dot Bioplastics, Biome Bioplastics, Akro-Plastic and others are among the major players in the global Bio-plastics & Biopolymers Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain. 

• In April 2021, NatureWorks declared a new strategic collaboration with IMA Coffee, which is a market leader in coffee managing processing and packaging. This collaboration intends at expanding the market reach for high-performing compostable K-cup in North America.
• In August 2019, Braskem and Ledesma (Argentina), producer of natural agroindustrial products, have collaborated to provide Ledesma + Bio, which is a line of 100% durable notebooks made completely of sugarcane. Such initiatives are anticipated to cater to the requirements of the bioplastics & biopolymers market.

The global Bio-plastics & Biopolymers Market has been segmented as below:

Bio-plastics & Biopolymers Market, By Type

• Non-Biodegradable/Bio-Based
• Biodegradable
• Others

Bio-plastics & Biopolymers Market, By End-Use Industry

• Packaging
• Consumer Goods
• Automotive & Transportation
• Textiles
• Agriculture & Horticulture
• Others

Bio-plastics & Biopolymers Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Bio-plastics & Biopolymers Market, By Company

• Agrana
• Mitsubishi Chemical Holdings Corporation
• Green Dot Bioplastics
• Biome Bioplastics
• Akro-Plastic
• Tianan Biologic Materials
• Arkema
• BASF
• Biotec
• Braskem
• Carbiolice
• Cardia Bioplastics
• Fkur Kunststoff
• Futerro
• Ingevity
• NatureWorks
• Novamont
• Plantic Technologies
• PTT MCC Biochem
• Succinity
• Synbra Technology
• Toray Industries
• Total Corbion
• United Biopolymers
• Zhejiang Hisun Biomaterials

The report covers the below scope:

• Global Bio-plastics & Biopolymers Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Bio-plastics & Biopolymers Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Bio-plastics & Biopolymers Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Bio-plastics & Biopolymers Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Bio-plastics & Biopolymers Market share. Major industry players with significant revenue share include Agrana, Mitsubishi Chemical Holdings Corporation, Green Dot Bioplastics, Biome Bioplastics, Akro-Plastic and others.

Why to Buy this Report:

• Gain detailed insights on the Bio-plastics & Biopolymers industry trends
• Find complete analysis on the market status
• Identify the Bio-plastics & Biopolymers Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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