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Bioplastics Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Bioplastics Market - (By Type – Biodegradable and Non- biodegradable; By Mode of Application- Rigid Packaging, Flexible Packaging, Agriculture & Horticulture, Consumer goods, Textile, Automotive & Transportation, Building & Construction and Others; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 11-Mar-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0322165
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Bioplastics Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 5,487.2 Mn
Expected Revenue in 2027US$ 10,169.9 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR10.8%
Segments coveredBy Type, Mode of Application, and Region
Key CompaniesNatureWorks LLC, Braskem, BASF SE, Novamont S.p.A., Mitsubishi Chemical Holdings, and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Bioplastics are plastic materials which are produced from renewable biomass sources such as vegetable fats and oils, corn starch, straw, woodchips, sawdust, recycled food waste, etc.

Global Bioplastic Market is projected to reach US$ 10,169.9 Million by 2027, growing at a CAGR of 10.8% during the forecast period 2022-2027.

The consumer goods durables segment is projected to increase the demand for bioplastics during the forecast period.

The global bioplastic market is driven by environmentally friendly properties and favourable government policy and high consumer acceptance and renewable raw material sources. 

The biodegradable segment contributed the major share in the global bioplastic market in 2021.

Asia Pacific holds a major share in term of revenue in the global bioplastic market in 2021.

Some bioplastics are obtained by processing directly from natural biopolymers including polysaccharides and proteins while others are chemically synthesized from sugar derivatives and lipids from either plants or animals or biologically generated by fermentation of sugars or lipids.

Production of bioplastic is an energy efficient practice, since production of bioplastic requires 65% of less energy than conventional plastics.

Type and mode of application are the different segments of the global bioplastic market.

High cost to end user and limited performance of bioplastic are the biggest issues associated with global bioplastics market.

Russia is expected to project the highest CAGR in the Europe Bioplastics Market during the forecast period. 

NatureWorks LLC, Braskem, BASF SE, Novamont S.p.A., Mitsubishi Chemical Holdings, Toray Industries, Toyota Tsusho, E. I. du Pont de Nemours and Company, Galactic and Showa Denko K.K. among others are some major key players in the global bioplastic market.