GLOBAL BIODEGRADABLE PLASTICS MARKET 2019-2027

Chemicals & Materials | Biochemical And Biomaterials

GLOBAL BIODEGRADABLE PLASTICS MARKET 2019-2027

Market By Type, Application, And Geography | Forecasts 2019-2027

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After a detailed analysis, Triton has estimated that the global biodegradable plastic market is expected to display an upward trend in terms of revenue and is exhibiting a growth rate of 10.84% during the forecast years of 2019-2027. The market was assessed to be worth $2693.89 million in the year 2018 and is predicted to generate a revenue of approximately $7319.37 million by the year 2027.

Plastic has become an integral part of modern human life as it is used in almost all sectors of the economy. From bowls used in the kitchen to some of the components of cars, plastic has the de facto element of the human day to day life. With the increasing demand and use of plastic, the issue of pollution caused by its use has become a subject of concern due to its non-eco-friendly and non-biodegradable nature. To tackle this issue, the use of a new option in the form of biodegradable plastic has gained momentum. 

Biodegradable plastic has the capability to decompose naturally in the environment, which is achievable when microorganisms in the environment help in metabolizing and breaking down the structure of the biodegradable plastic. The end product after decomposition is the one which is less harmful to the environment than traditional plastics. All-natural plant materials are used to make biodegradable plastics, which include corn oil, starch, orange peels, and plants. Traditional plastic is made using chemical fillers that can be harmful to the environment most of the times when released during the meltdown of the plastic. 

Biodegradable plastic is derived from natural sources that do not contain these chemical fillers; hence, it does not pose the same risk to the environment. The production of biodegradable plastics begins with the melting down of all the natural raw materials, and then this mixture is poured into molds of various shapes depending upon the product required, ex: for plastic water bottles and utensils.

The biodegradable plastic market is growing at a rapid pace, mainly due to an increase in the demand for plastic, in general, and environmental awareness. With continuous R&D activities undertaken by various market players, mainly to solve the problem of high costs associated with the production of biodegradable plastics, the market is projected to rise owing to the future advancements in the field. Support from government and positive efforts in R&D is set to minimize the production cost for the biodegradable plastics in the near future. 

Within the biodegradable plastic markets report from Triton, market definitions and the key insights regarding the industry are discussed. Also, the report consists of market attractiveness matrix, vendor scorecard, key impact analysis, Porter's five force analysis, key impact analysis, industrial player positioning, and key market strategies. 

Market drivers like increased production of other renewable resources, wide scope of biodegradable plastics in various end-use segments, the biodegradable property of biodegradable plastic, favorable government policies to reduce the use of petroleum-based products and consumer preference for environment-friendly products are analyzed in the report. The industry is facing restraints such as comparatively high cost of raw materials and durability issues.

Key opportunities like increased biodegradable plastic production across regions and the increasing availability of raw materials can be leveraged by the industry to get towards the projected growth in the coming years. However, challenges such as biodegradable plastic production impact on food supply and production and availability of alternatives are faced by the industry at this moment.

The key regions covered in the global biodegradable plastic market are:

o    North America: United States and Canada

o    Europe: United Kingdom, Germany, France, Italy, Spain, Russia and Rest of Europe

o    Asia-Pacific: China, Japan, India, South Korea, ASEAN countries, Australia & New Zealand and Rest of Asia Pacific

o    Latin America: Brazil, Mexico and Rest of Latin America

o    Middle East and Africa: United Arab Emirates, Turkey, Saudi Arabia, South Africa and Rest of the Middle East and Africa

The biodegradable plastic market report is segmented into:

•    By Biodegradable plastic type:

o    PLA

o    Starch blends

o    PCL

o    Regenerated cellulose

o    PBS

o    PHA

o    Other types

•    Application:

o    Packaging

o    Fibers

o    Agriculture

o    Injection Molding 

o    Other Applications

The major key players leading the biodegradable market are Sigma-Aldrich (Acquisition By Merck), Plantic Technologies (Acquisition By Kuraray America, Inc,), Zhejiang Hisun Biomaterials Co. Ltd., Natureworks Llc, Corbion N.V. (Purac), Bio-On S.P.A., Tianan Biologic Material Co. Ltd, Fkur Kunststoff Gmbh Futerro SA, Synbra Holding BV, Mitsubishi Chemical Corporation, BASF SE, Dow Chemical Company (Merger With Dupont), Danimer Scientific, Llc, and Biome Bioplastics Limited.

The strategic analysis for each of these companies is detailed in the report. The company market share helps to analyze the information of the key players along with their hold in the market.


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Table of Content

1.    GLOBAL BIODEGRADABLE PLASTIC MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.3. EVOLUTION & TRANSITION OF BIODEGRADABLE PLASTIC

2.4. PORTER'S FIVE FORCE ANALYSIS

2.5. MARKET ATTRACTIVENESS MATRIX

2.6. VENDOR SCORECARD

2.7. INDUSTRY COMPONENTS

2.8. REGULATORY FRAMEWORK

2.9. KEY IMPACT ANALYSIS

2.10. MARKET OPPORTUNITY INSIGHTS

2.11. INDUSTRY PLAYER POSITIONING

2.12. KEY MARKET STRATEGIES

2.13. MARKET DRIVERS

2.13.1. RISE IN THE PRODUCTION OF CORN AND OTHER RENEWABLE RESOURCES

2.13.2. INCREASING SCOPE OF BIODEGRADABLE PLASTICS IN VARIOUS END-USE SEGMENTS

2.13.3. BIODEGRADABLE PROPERTY OF THE BIODEGRADABLE PLASTICS

2.13.4. FAVORABLE GOVERNMENT POLICIES TO REDUCE THE USE OF PETROLEUM-BASED POLYMERS

2.13.5. SHIFT IN CONSUMER PREFERENCE TOWARDS THE ADOPTION OF ENVIRONMENTAL-FRIENDLY PACKAGING SOLUTION

2.14. MARKET RESTRAINTS

2.14.1. HIGH COST OF BIODEGRADABLE PLASTICS AS COMPARED TO CONVENTIONAL PLASTICS

2.14.2. DURABILITY ISSUES

2.15. MARKET OPPORTUNITIES

2.15.1. INCREASED BIOPLASTIC PRODUCTION ACROSS REGIONS

2.15.2. AVAILABILITY OF COST-EFFECTIVE BIO-BASED RAW MATERIALS

2.16. MARKET CHALLENGES

2.16.1. BIODEGRADABLE PLASTICS IMPACT ON FOOD PRODUCTION AND SUPPLY

2.16.2. EASY AVAILABILITY OF ALTERNATIVES

3.    BIODEGRADABLE PLASTIC INDUSTRY OUTLOOK – BY TYPE

3.1. PLA

3.2. STARCH BLENDS

3.3. PCL

3.4. REGENERATED CELLULOSE

3.5. PBS

3.6. PHA

3.7. OTHER TYPES

4.    BIODEGRADABLE PLASTIC INDUSTRY OUTLOOK - BY APPLICATION

4.1. PACKAGING

4.2. FIBERS

4.3. AGRICULTURE

4.4. INJECTION MOLDING

4.5. OTHER APPLICATIONS

5.    BIODEGRADABLE PLASTIC INDUSTRY - REGIONAL OUTLOOK

5.1. NORTH AMERICA

5.1.1. MARKET BY BIODEGRADABLE PLASTIC TYPE

5.1.2. MARKET BY APPLICATION

5.1.3. COUNTRY ANALYSIS

5.1.3.1.      UNITED STATES

5.1.3.2.      CANADA

5.2. EUROPE

5.2.1. MARKET BY BIODEGRADABLE PLASTIC TYPE

5.2.2. MARKET BY APPLICATION

5.2.3. COUNTRY ANALYSIS

5.2.3.1.      UNITED KINGDOM

5.2.3.2.      GERMANY

5.2.3.3.      FRANCE

5.2.3.4.      ITALY

5.2.3.5.      SPAIN

5.2.3.6.      RUSSIA

5.2.3.7.      REST OF EUROPE

5.3. ASIA PACIFIC

5.3.1. MARKET BY BIODEGRADABLE PLASTIC TYPE

5.3.2. MARKET BY APPLICATION

5.3.3. COUNTRY ANALYSIS

5.3.3.1.      CHINA

5.3.3.2.      JAPAN

5.3.3.3.      INDIA

5.3.3.4.      SOUTH KOREA

5.3.3.5.      ASEAN COUNTRIES

5.3.3.6.      AUSTRALIA AND NEW ZEALAND

5.3.3.7.      REST OF ASIA PACIFIC

5.4. LATIN AMERICA

5.4.1. MARKET BY BIODEGRADABLE PLASTIC TYPE

5.4.2. MARKET BY APPLICATION

5.4.3. COUNTRY ANALYSIS

5.4.3.1.      BRAZIL

5.4.3.2.      MEXICO

5.4.3.3.      REST OF LATIN AMERICA

5.5. MIDDLE EAST AND AFRICA

5.5.1. MARKET BY BIODEGRADABLE PLASTIC TYPE

5.5.2. MARKET BY APPLICATION

5.5.3. COUNTRY ANALYSIS

5.5.3.1.      UNITED ARAB EMIRATES

5.5.3.2.      TURKEY

5.5.3.3.      SAUDI ARABIA

5.5.3.4.      SOUTH AFRICA

5.5.3.5.      REST OF MIDDLE EAST & AFRICA

6.    COMPETITIVE LANDSCAPE

6.1. BASF SE

6.2. BIOME BIOPLASTICS LIMITED

6.3. BIO-ON S.P.A.

6.4. CORBION N.V. (PURAC)

6.5. DANIMER SCIENTIFIC, LLC

6.6. DOW CHEMICAL COMPANY (MERGER WITH DUPONT)

6.7. FKUR KUNSTSTOFF GMBH

6.8. FUTERRO SA

6.9. MITSUBISHI CHEMICAL CORPORATION

6.10. NATUREWORKS LLC

6.11. PLANTIC TECHNOLOGIES (ACQUISITION BY KURARAY AMERICA, INC,)

6.12. SIGMA-ALDRICH (ACQUISITION BY MERCK)

6.13. SYNBRA HOLDING BV

6.14. TIANAN BIOLOGIC MATERIAL CO. LTD

6.15. ZHEJIANG HISUN BIOMATERIALS CO. LTD.

7.    METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE

7.2. SOURCES OF DATA

RESEARCH METHODOLOGY

List of table

TABLE 1 MARKET ATTRACTIVENESS MATRIX FOR BIODEGRADABLE PLASTIC MARKET

TABLE 2 VENDOR SCORECARD OF BIODEGRADABLE PLASTIC MARKET     

TABLE 3 REGULATORY FRAMEWORK OF BIODEGRADABLE PLASTIC MARKET

TABLE 4 KEY STRATEGIC DEVELOPMENTS IN BIODEGRADABLE PLASTIC MARKET

TABLE 5 COMPARISON BETWEEN BIOPLASTICS AND CONVENTIONAL PLASTICS

TABLE 6 COST ANALYSIS OF BIODEGRADABLE PLASTICS IN 2016    

TABLE 7 COST ANALYSIS OF FOSSIL BASED PLASTICS IN 2016          

TABLE 8 SUSTAINABILITY OF MAJOR BIO-BASED PLASTIC TYPES FOR DIFFERENT APPLICATIONS      

TABLE 9 GLOBAL BIODEGRADABLE PLASTIC MARKET, BY BIODEGRADABLE PLASTIC TYPE, 2019-2027, (IN $ MILLION)

TABLE 10      GLOBAL BIODEGRADABLE PLASTIC MARKET, BY APPLICATION, 2019-2027, (IN $ MILLION)

TABLE 11      GLOBAL BIODEGRADABLE PLASTIC MARKET, REGIONAL OUTLOOK, 2019-2027 (IN $ MILLION)        

TABLE 12      NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 13      NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY BIODEGRADABLE PLASTIC TYPE, 2019-2027 (IN $ MILLION)      

TABLE 14      NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)          

TABLE 15      EUROPE BIODEGRADABLE PLASTIC MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 16      EUROPE BIODEGRADABLE PLASTIC MARKET, BY BIODEGRADABLE PLASTIC TYPE, 2019-2027 (IN $ MILLION)           

TABLE 17      EUROPE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)   

TABLE 18      ASIA PACIFIC BIODEGRADABLE PLASTIC MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 19      ASIA PACIFIC BIODEGRADABLE PLASTIC MARKET, BY BIODEGRADABLE PLASTIC TYPE, 2019-2027 (IN $ MILLION)      

TABLE 20      ASIA PACIFIC BIODEGRADABLE PLASTIC MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)          

TABLE 21      LATIN AMERICA BIODEGRADABLE PLASTIC MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 22      LATIN AMERICA BIODEGRADABLE PLASTIC MARKET, BY BIODEGRADABLE PLASTIC TYPE, 2019-2027 (IN $ MILLION)      

TABLE 23      LATIN AMERICA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)          

TABLE 24      MIDDLE EAST & AFRICA BIODEGRADABLE PLASTIC MARKET, COUNTRY OUTLOOK, 2019-2027 (IN $ MILLION)

TABLE 25      MIDDLE EAST & AFRICA BIODEGRADABLE PLASTIC MARKET, BY BIODEGRADABLE PLASTIC TYPE, 2019-2027 (IN $ MILLION)      

TABLE 26      MIDDLE EAST & AFRICA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

List of Figures

FIGURE 1      GLOBAL BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)       

FIGURE 2      PORTER’S FIVE FORCE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET

FIGURE 3      INDUSTRY COMPONENTS OF BIODEGRADABLE PLASTIC MARKET

FIGURE 4      MARKET OPPORTUNITY INSIGHTS, BY REGION, 2018

FIGURE 5      MARKET OPPORTUNITY INSIGHTS, BY PLASTIC TYPE, 2018

FIGURE 6      MARKET OPPORTUNITY INSIGHTS, BY APPLICATION, 2018

FIGURE 7      KEY PLAYER POSITIONING IN 2017 (%)         

FIGURE 8      SUGARCANE AND CORN PRODUCTION IN KEY COUNTRIES, 2016 (IN %)     

FIGURE 9      WORLDWIDE PRODUCTION OF SUGAR CANE AND CORN, 2014- 2023 (IN MILLION TONNES)

FIGURE 10   TIMELINE OF BIODEGRADABLE PLASTICS  

FIGURE 11   WORLDWIDE CORN PRODUCTION, 2010-2017, (IN MILLION METRIC TONNES)           

FIGURE 12   MAJOR CORN PRODUCERS ACROSS THE GLOBE, 2015-2016 (% OF TOTAL PRODUCTION)       

FIGURE 13   WORLDWIDE BIOPLASTIC PRODUCTION CAPACITY, 2017-2022 (IN ‘000 TONNES)     

FIGURE 14   PERCENTAGE SHARE OF TOTAL BIOPLASTIC PRODUCTION ACROSS REGIONS IN 2017 (IN %) 

FIGURE 15   MAJOR SUGARCANE PRODUCERS ACROSS THE GLOBE IN 2016 (IN MILLION TONNES)     

FIGURE 16   GLOBAL BIODEGRADABLE PLASTIC MARKET, BY PLA, 2019-2027 (IN $ MILLION)           

FIGURE 17   GLOBAL BIODEGRADABLE PLASTIC MARKET, BY STARCH BLENDS, 2019-2027 (IN $ MILLION)        

FIGURE 18   GLOBAL BIODEGRADABLE PLASTIC MARKET, BY PCL, 2019-2027 (IN $ MILLION)      

FIGURE 19   GLOBAL BIODEGRADABLE PLASTIC MARKET, BY REGENERATED CELLULOSE, 2019-2027 (IN $ MILLION)

FIGURE 20   GLOBAL BIODEGRADABLE PLASTIC MARKET, BY PBS, 2019-2027 (IN $ MILLION)      

FIGURE 21   GLOBAL BIODEGRADABLE PLASTIC MARKET, BY PHA, 2019-2027 (IN $ MILLION)      

FIGURE 22   GLOBAL BIODEGRADABLE PLASTIC MARKET, BY OTHER TYPES, 2019-2027 (IN $ MILLION)

FIGURE 23   GLOBAL BIODEGRADABLE PLASTIC MARKET, BY PACKAGING, 2019-2027 (IN $ MILLION)

FIGURE 24   GLOBAL BIODEGRADABLE PLASTIC MARKET, BY FIBERS, 2019-2027 (IN $ MILLION)      

FIGURE 25   GLOBAL BIODEGRADABLE PLASTIC MARKET, BY AGRICULTURE, 2019-2027 (IN $ MILLION)

FIGURE 26   GLOBAL BIODEGRADABLE PLASTIC MARKET, BY INJECTION MOLDING, 2019-2027 (IN $ MILLION)          

FIGURE 27   GLOBAL BIODEGRADABLE PLASTIC MARKET, BY OTHER APPLICATIONS, 2019-2027 (IN $ MILLION)

FIGURE 28   GLOBAL BIODEGRADABLE PLASTIC MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)  

FIGURE 29   UNITED STATES BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 30   CANADA BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)      

FIGURE 31   UNITED KINGDOM BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)      

FIGURE 32   GERMANY BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)   

FIGURE 33   FRANCE BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)      

FIGURE 34   ITALY BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35   SPAIN BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 36   RUSSIA BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)        

FIGURE 37   REST OF EUROPE BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)      

FIGURE 38   CHINA BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)          

FIGURE 39   JAPAN BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)          

FIGURE 40   INDIA BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)

FIGURE 41   SOUTH KOREA BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 42   ASEAN COUNTRIES BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)      

FIGURE 43   AUSTRALIA & NEW ZEALAND BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)

FIGURE 44   REST OF ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)      

FIGURE 45   BRAZIL BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)         

FIGURE 46   MEXICO BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)       

FIGURE 47   REST OF LATIN AMERICA BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)

FIGURE 48   UNITED ARAB EMIRATES BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)      

FIGURE 49   SAUDI ARABIA BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 50   TURKEY BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)       

FIGURE 51   SOUTH AFRICA BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)           

FIGURE 52   REST OF MIDDLE EAST & AFRICA BIODEGRADABLE PLASTIC MARKET, 2019-2027 (IN $ MILLION)           

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