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Report overview
The global Biopolymers & Bioplastics market was valued at US$ 3819.4 million in 2022 and is projected to reach US$ 4779 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Biopolymers/bioplastics is a material for which at least a portion of polymer consists of material produced from biomaterials. It represent a new generation of plastics that reduces the impact on the environment, both in terms of energy consumption and the amount of greenhouse gas emissions.
This report aims to provide a comprehensive presentation of the global market for Biopolymers & Bioplastics, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Biopolymers & Bioplastics. This report contains market size and forecasts of Biopolymers & Bioplastics in global, including the following market information:
NatureWorks, Braskem, Arkema, Novamont, BASF and Kingfa are the main players in this industry. Among them, NatureWorks is the leader in the global market, and it accounted for 13% of the global revenue market share in 2019.
Production areas include North America, Europe, China and Japan. In 2019, the global Bioplastics and Biopolymers market is led by Europe with nearly 47%. USA is the second-largest region-wise market with about 24%.
In terms of product types, there are Starch Blends, PLA, Bio-PE, PBAT and Bio-PET. Starch Blends is the largest segment with a market share of nearly 28%, followed by PLA with 19%.
Bioplastics and biopolymers can be used in packing industry, consumer products, agriculture & horticulture, automotive industry. The packing industry accounted for about 56 per cent of the global market in 2019.
We surveyed the Biopolymers & Bioplastics manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Biopolymers & Bioplastics Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Biopolymers & Bioplastics Market Segment Percentages, by Type, 2022 (%)
Global Biopolymers & Bioplastics Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Biopolymers & Bioplastics Market Segment Percentages, by Application, 2022 (%)
Global Biopolymers & Bioplastics Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Biopolymers & Bioplastics Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Biopolymers & Bioplastics revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Biopolymers & Bioplastics revenues share in global market, 2022 (%)
Key companies Biopolymers & Bioplastics sales in global market, 2018-2023 (Estimated), (MT)
Key companies Biopolymers & Bioplastics sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: