Bioplastics Market: Key Players Sukarno, Biotec, and Natureworks LLC hold around 20% market share (Source: DataM Intelligence)

Bioplastics market is expected to grow at a CAGR of 19.4% in the forecast period 2019-2026.

 

Bioplastics Market Dynamics

The increase in the use of bioplastics in all market segments is driven by increasing demand for sustainable products by consumers and growing awareness towards the environment.

Also, the continuous innovations of the bioplastics industry in new materials with improved properties and new functionalities are fuelling the market for bioplastics. However, the processing cost for Bioplastics is comparatively very high than the traditional petroleum-drive plastic, which is hindering to the overall growth of the market.

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Bioplastics Market Segmentation 

By the material type, the global bioplastics market is bifurcated into PUR (Polyurethanes), PET (Polyethylene terephthalate), PE (Polyethylene), PA (Polyamides), Starch Blends, PLA (Polylactic Acid), and Others. Among all material types, PUR (Polyurethanes) dominated the bioplastics market in 2017 in terms of volume.

Additionally, Production capacities of PLA (Polylactic Acid) are anticipated to grow in the coming years, Owing to its features and barrier properties. The high-performance PLA grades that are a replacement for PS (polystyrene), and PP (polypropylene) in demanding applications. These applications are propelling factors for market growth.

 

Bioplastics Market Regional Share

Geographically, the global bioplastics market has been segmented into North America, Europe, Asia-pacific and Others. Among all the regions, Asia-Pacific accounted for the largest market size regarding the production of bioplastics, followed by Europe and North America.

Furthermore, the global bioplastics market is expected to have robust growth in Europe region due to increasing investments in R&D. Bioplastics market is expected to be stable in the North American region due to increased consumption of consumer goods in bioplastics. Hence the demand for bioplastics is also projected to be high in these regions.

 

Bioplastics Market Competitive Analysis

The global bioplastics market is fragmented with a large number of local and international players.

However, Sukarno, Biotec, and Natureworks LLC are the leading suppliers of bioplastics in the world.

These three Companies combine holds around 20% of the total market.

NatureWorks announced in March that it has started selling Ingeo packaging resin grades directly to customers after ending its exclusive distribution agreement with a Taiwanese company.

Taiwan has long been one of the pioneers in the production of PLA-based packaging materials.

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Table of contents – 

1. Bioplastics Market – Methodology and Scope

2. Bioplastics Market – Industry Trends

3. Bioplastics Market Outlook

4. Bioplastics Market – Product-based Analysis

5. Bioplastics Market – Application-based Analysis

6. Bioplastics Market – Regional, Country-level Analysis

6.1. North America

6.2. South America

6.3. Europe

6.4. Asia-Pacific

6.5. Rest of the World

7. Bioplastics Market – Competitive Trends

8. Bioplastics Market – Company Profiles

9. Bioplastics Market – Appendix