Bioplastics are the eco-friendly biodegradable plastics which are derived from renewable feedstocks such as sugarcane, corn and cellulose. Global bioplastics market is expected to boom in the forecast growing at an impressive CAGR.

Bioplastics market is segmented into biodegradable plastics and non-biodegradable plastics. Biodegradable plastics are further categorized into PLA, Polyesters, Starch blends, PHA, and others (cellulose esters etc.). While the non-biodegradable plastics are classified into, Bio-PA, Bio-PET, Bio-PE, and others. Other non- biodegradable bioplastics available are Bio-PTT, epoxies and Bio-PUR. Bio-PET 30, a non-biodegradable bioplastics is expected to be the fastest growing segment owing to its properties like durability, versatility, appearance, recyclability and more. In terms of volume and revenue, PLA is the largest and fastest growing segment in the biodegradable plastics market.

The major factor that is driving the market growth is the growing environmental concern among the consumers and packaging industries towards the adoption of biodegradable plastics in the packaging applications. Application of bioplastics has increased and it is gaining attention of various industries like constructions, packaging, catering, agriculture and various other technical industries. Largest market for the bioplastics is the packaging industries while construction stands as the fastest growing segment. Bioplastics are extensively used in rigid packaging application due to properties like printability, gloss, antistatic behavior, barrier effect and more. The strict government regulations on single use plastic bags due to growing government regulations, east availability of raw material for the production,  and upcoming of the new technology are expected to drive the market for bioplastics.

One of the major restraints in the growth of the global bioplastics market is the high cost associated with the production process of biodegradable plastics. Cost of technology that is being used in the process of manufacture of bioplastics is high which in turn increases the cost of the product. Companies are continuously engaged in the research and development activities to find a solution to overcome this cost related drawback.

Though there are many drivers but there exists certain challenges for the global bioplastics market which includes low awareness among the developing and underdeveloped nations, and the high cost of polymers. Major challenge faced by the market is to reduce the cost of bioplastics to make it widely acceptable across verticals.

Leading markets for bioplastics are North America and Europe owing to its favorable government policies and growing environmental concerns. Asia Pacific is projected to be the fastest growing market among all regions due to the growing markets of China, Japan, South Korea and Thailand. Expansion policy has been followed by many big players such as Natureworks, PURAC, Teijin, Mitsubishi chemicals and Hisun in this region due to easy availability of raw material in these countries.

Major market players in the global bioplastics market are Novamont SPA, BASF SE, Metabolix Inc., Cardia Bioplastics, Corbion Purac, Innovia Films and Biome Technologies Plc. To remain competitive in the market developmental strategies are adopted by the major market players which include partnership, joint venture, expansion, merger, collaboration and product launch. PURAC, SulzarChemtech and Synbra Technology jointly developed a new, cost-effective polymerization process to produce high-quality bioplastic from a bio-renewable resource. Mitsubishi launched a new range of PLA under brand name of Ecoloju and PLAbio. Also, Zhejiang Hisun Chemicals launched PLA REVODE101, REVODE201 and REVODE213.

1.                EXECUTIVE SUMMARY

2.                MARKET OVERVIEW

2.1.            VALUE CHAIN ANALYSIS OF THE BIOPLASTIC MARKET

2.1.1.         RAW MATERIAL PRODUCER:

2.1.2.         MANUFACTURER

2.1.3.         DISTRIBUTORS

2.1.4.         PLASTIC CONVERTERS (CONSUMERS)

2.1.5.         SUPPLIER OF END PRODUCT

2.1.6.         END-USERS

2.2.            KEY BUYING CRITERIA

2.2.1.         PRICE:

2.2.2.         ALTERNATIVES:

2.2.3.         AVAILABILITY:

2.2.4.         QUALITY

2.2.5.         ENVIRONMENTAL CONCERNS

3.                MARKET DETERMINANTS

3.1.            DRIVERS

3.1.1.         FAVORABLE GOVERNMENT POLICIES ARE DRIVING THE MARKET

3.1.2.         RENEWABLE RAW MATERIALS AND AVAILABILITY OF RAW MATERIALS

3.1.3.         FLUCTUATING PETROLEUM PRICES DRIVING BIOPLASTIC MATERIALS

3.1.4.         ECO-FRIENDLY PRODUCTS ARE MAKING THEIR WAY INTO THE MARKET.

3.1.5.         NEW TECHNOLOGY ENABLED BIOPLASTICS COMPETES WITH TRADITIONAL POLYMERS.

3.1.6.         END OF LIFE APPLICATIONS (BIO-DEGRADABLE PLASTICS)

3.1.6.1.      COMPOSTING

3.1.6.2.      FEEDSTOCK RECYCLING

3.1.6.3.      RECYCLING

3.1.6.4.      INCINERATION

3.1.6.5.      LANDFILL

3.1.7.         ENVIRONMENTAL CONCERNS

3.1.8.         INCREASING PLASTIC CONSUMPTION

3.2.            RESTRAINTS

3.2.1.         LIMITATIONS AS ENGINEERING MATERIALS

3.2.2.         USING EDIBLE RAW MATERIAL WHILE MANY PEOPLE ARE HUNGRY

3.2.3.         BIOPLASTICS ARE  ONLY COMPOSTABLE IN INDUSTRIAL COMPOSTING FACILITIES

3.2.4.         FEEDSTOCK BEING USED FOR OTHER APPLICATIONS

3.2.5.         COMPETITIVE MARKET

3.2.6.         LIMITATIONS AS ENGINEERING MATERIALS

3.2.7.         COST OF TECHNOLOGY

3.2.8.         SIGNIFICANT HIGHER COST AS COMPARED TO ITS ALTERNATIVES

3.3.            KEY CHALLENGES OF BIOPLASTIC MARKET

3.3.1.         LOW AWARENESS IN DEVELOPING COUNTRIES

3.3.2.         COST OF HIGH RIGIDITY POLYMERS

3.3.3.         DIFFICULT TO IDENTIFY BIOPLASTIC PRODUCTS IN WASTE STREAMS

3.3.4.         COST REDUCTION OF BIOPLASTICS IS A BIG CHALLENGE

3.3.5.         THERMAL AND MECHANICAL PROPERTIES OF PLA ARE A CHALLENGE

3.4.            OPPORTUNITIES

3.4.1.         OPPORTUNITY OF NEW BUSINESS LINE FOR EXISTING COMPANIES

3.4.2.         DEVELOPING ECONOMY

3.4.3.         GOVERNMENT INITIATIVES FOR PLASTIC WASTE MANAGEMENT –

4.   MARKET SEGMENTATION

4.1.            BIOPLASTICS PRODUCTION BY TYPE

4.1.1.         PLA

4.1.2.         BIO-PET

4.1.3.         BIO-PE

4.1.4.         BIO-PA (POLYAMIDS)

4.1.5.         PHA

4.1.6.         REGENERATED CELLULOSE

4.2.            BIOPLASTIC MARKET BY APPLICATION

4.2.1.         PACKAGING

4.2.2.         CATERING

4.2.3.         AGRICULTURE

4.2.4.         TECHNICAL MATERIALS

4.2.5.         CONSUMER GOODS

4.2.6.         CONSTRUCTION-MATERIAL

4.2.7.         OTHERS

5.   SECTOR ANALYSIS

5.1.            THERMOPLASTIC POLYMERS

5.1.1.         PET (POLYETHYLENE TEREPHTHALATE)

5.1.2.         HDPE HIGH-DENSITY POLYETHYLENE

5.1.3.         POLYPROPYLENE PP

5.1.4.         PS POLYSTYRENE

5.1.5.         PVC

6.   COMPETITIVE LANDSCAPE

6.1.            MARKET SHARE ANALYSIS

6.1.1.         PLA

6.1.1.1.      COMPANY ANALYSIS

6.1.1.2.      NATUREWORKS LLC

6.1.1.3.      MITSUBISHI CHEMICALS

6.1.1.4.      ZHEJIANG HISUN BIOMATERIALS CO. LTD.

6.1.1.5.      FUTERRO

6.1.1.6.      SYNBRA

6.1.1.7.      TEIJIN

6.1.2.         BIO-PET

6.1.3.         BIO-PE

6.2.            KEY STRATEGIES

6.2.1.         BIOPLASTIC ARE MARKETED AS ECO-FRIENDLY PRODUCT

6.2.2.         INNOVATIVE NEW PRODUCTS AND PROCESS MAKING PLA EVEN BETTER AND STRONGER

6.2.3.         ASIA PACIFIC: NEW DESTINATION FOR BIOPLASTIC INDUSTRY

6.2.4.         BRAZILIAN SUGARCANE IS ATTRACTING BIOPLASTIC COMPANIES

6.2.5.         LARGE CONSUMER GROUP IN EUROPE DRIVING BIOPLASTIC MARKET

6.2.6.         COMPANIES ARE DEVELOPING NEW PRODUCTS BY COLLABORATING ON R&D

6.2.7.         JOINT VENTURES AND COLLABORATIONS LEADING THE MARKET

6.2.8.         PRODUCT LAUNCHES

6.3.            STRATEGIC RECOMMENDATION

6.3.1.         NEW MARKET EXPANSION

6.3.2.         3D PRINTING MARKET IS EMERGING MARKET WITH GREAT POTENTIAL

7.   GEOGRAPHY ANALYSIS

7.1.            NORTH AMERICA

7.1.1.         US

7.1.2.         CANADA

7.2.            EUROPE

7.2.1.         GERMANY

7.2.2.         UK

7.2.3.         SPAIN

7.2.4.         ITALY

7.2.5.         FRANCE

7.3.            ASIA

7.3.1.         CHINA

7.3.2.         INDIA

7.3.3.         JAPAN

7.3.4.         THAILAND

7.3.5.         ROA

7.4.            ROW

7.2.1.         BRAZIL

8.   COMPANY PROFILE

8.1.            BASF

8.1.1.         OVERVIEW

8.1.2.         PRODUCT PORTFOLIO

8.1.3.         SCOT ANALYSIS

8.2.            FUTERRO

8.2.1.         OVERVIEW

8.2.2.         PRODUCT PORTFOLIO

8.2.3.         SCOT ANALYSIS

8.3.            MITSUBISHI CHEMICAL HOLDING CORPORATION

8.3.1.         OVERVIEW

8.3.2.         PRODUCT PORTFOLIO

8.3.3.         SCOT ANALYSIS

8.4.            NATUREWORK LLC

8.4.1.         OVERVIEW

8.4.2.         PRODUCT PORTFOLIO

8.4.3.         STRATEGIC MOVES

8.4.4.         SCOT ANALYSIS

8.4.5.         STRATEGIC ANALYSIS

8.5.            SYNBRA HOLDING BV

8.5.1.         OVERVIEW

8.5.2.         PRODUCT PORTFOLIO

8.5.3.         SCOT ANALYSIS

8.6.            TEIJIN

8.6.1.         OVERVIEW

8.6.2.         PRODUCT PORTFOLIO

8.6.3.         SCOT ANALYSIS

8.7.            ZHEJIANG HISUN BIOMATERIALS

8.7.1.         OVERVIEW

8.7.2.         PRODUCT PORTFOLIO

8.7.3.         SCOT ANALYSIS

8.8.            METABOLIX INC

8.8.1.         OVERVIEW

8.8.2.         METABOLIX PRODUCTS PORTFOLIO

8.8.3.         SCOT ANALYSIS

8.9.                        BRASKEM S.A

8.9.1.         OVERVIEW

8.9.2.         BRASCHEM PRODUCTS PORTFOLIO

8.9.3.         SCOT ANALYSIS

8.10.          NOVAMONT S.P.A

8.10.1.       OVERVIEW

8.10.2.       NOVAMONT PRODUCTS PORTFOLIO

8.10.3.       STRATEGIC MOVES

8.10.4.       SCOT ANALYSIS

8.11.          INDORAMA

8.11.1.       OVERVIEW

8.11.2.       SCOT ANALYSIS

8.12.          ANELLOTECH INC.

8.12.1.       OVERVIEW

8.12.2.       ANELLOTECH PRODUCTS PORTFOLIO

8.12.3.       STRATEGIC MOVES

8.12.4.       SCOT ANALYSIS

8.13.          GEVO INC.,

8.13.1.       OVERVIEW

8.13.2.       GEVO PRODUCTS PORTFOLIO

8.13.3.       SCOT ANALYSIS

8.14.          DRATHS CORPORATION (AMYRIS BIOTECHNOLOGIES)

8.14.1.       OVERVIEW

8.14.2.       AMYRIS PRODUCTS PORTFOLIO

8.14.3.       STRATEGIC MOVES

8.14.4.       SCOT ANALYSIS

8.15.          VIRENT, INC.

8.15.1.       OVERVIEW

8.15.2.       VIRENT PRODUCTS PORTFOLIO

8.15.3.       SCOT ANALYSIS

8.16.          BIOMER

8.17.          TIANJIN GREENBIO MATERIALS CO. LTD

8.17.1.       OVERVIEW

8.17.2.       TIANJIN GREENBIO MATERIALS CO. LTD PRODUCTS PORTFOLIO

8.17.3.       SCOT ANALYSIS

8.18.          SHENZHEN ECOMANN TECHNOLOGY CO. LTD

8.18.1.       OVERVIEW

8.18.2.       SHENZHEN ECOMANN TECHNOLOGY CO. LTD PRODUCTS PORTFOLIO

8.18.3.       SCOT ANALYSIS

8.19.          BAYER AG

8.19.1.       OVERVIEW

8.19.2.       PRODUCT PORTFOLIO

8.19.3.       STRATEGIC MOVES

8.19.4.       SCOT ANALYSIS

8.20.          DSM

8.20.1.       OVERVIEW

8.20.2.       PRODUCT PORTFOLIO

8.20.3.       STRATEGIC MOVES

8.20.4.       SCOT ANALYSIS

8.21.          THE DOW CHEMICAL COMPANY

8.21.1.       OVERVIEW

8.21.2.       PRODUCT PORTFOLIO

8.21.3.       STRATEGIC MOVES

8.21.4.       SCOT ANALYSIS

8.22.          LANXESS–

8.22.1.       COMPANY OVERVIEW

8.22.2.       PRODUCT PORTFOLIO

LIST OF FIGURE

FIGURE: 1 BIOPLASTIC APPLICATION MARKET (2014 - 2022)

FIGURE: 2 DRIVERS OF BIOPLASTIC MARKET

FIGURE: 3. FOOD PER CAPITA NET PRODUCTION INDEX BY REGION (BASE 2004-2006)

FIGURE: 4. VALUE CHAIN ANALYSIS

FIGURE: 5. KEY BUYING CRITERIA

FIGURE: 6. SUGARCANE AND CORN PRODUCTION (IN MILLION TONS)

FIGURE: 7. SUGARCANE PRODUCTION — 2012

FIGURE: 5. CORN PRODUCTION — 2012

FIGURE: 8. CUMULATIVE CHANGE IN PRICE OF CORN, SUGAR AND CRUDE OIL

FIGURE: 10. PETROLEUM PRICE CHART FOR PAST FIVE YEAR

FIGURE: 11. KEY MOTIVATOR OF BIOPLASTIC MARKET

FIGURE: 12. PERCENTAGE OF TOTAL LAND AREA AS AGRICULTURE LAND

FIGURE: 13. WORLD POPULATION IN BILLIONS 2004 TO 2013

FIGURE: 14. WORLD LAND AREA FOR DIFFERENT APPLICATIONS IN 2013

FIGURE: 15. BIOFUEL PRODUCTION

FIGURE: 16. DIFFERENT BIOPLASTIC MADE FROM RENEWABLE FEEDSTOCK

FIGURE: 17.  BIOPLASTIC PRODUCTION BY TYPE-2013

FIGURE: 18.   PLA APPLICATION-2014

FIGURE: 19. BIOPLASTIC APPLICATION-2014

FIGURE: 20. GLOBAL PACKAGING BY TYPE-2014

FIGURE: 21. PLASTIC APPLICATION MARKET 2014

FIGURE: 22. RECYCLING RATES BY YEAR:

FIGURE: 23. PLA MARKET SHARE — 2014

FIGURE: 24 BIO-PET MARKET SHARE -2014

FIGURE: 25 BIO-PE MARKET SHARE -2014

FIGURE: 26. BIOPLASTIC MARKET BY GEOGRAPHY (2014 - 2022)

FIGURE: 27. BIOPLASTIC MARKET IN US IN $MILLION (2014-2022)

FIGURE: 28. CORN PRODUCTION IN US IN MILLION TONS

FIGURE: 29. BIOPLASTIC MARKET GROWTH IN CANADA IN $MILLION (2014-2022)

FIGURE: 30. CORN AND WHEAT PRODUCTION IN MILLION TONS

FIGURE: 31. WHEAT PRODUCTION IN MILLION TONS

FIGURE: 32. BIOPLASTIC MARKET GROWTH IN GERMANY IN $MILLION (2014-2022)

FIGURE: 33. BIOPLASTIC MARKET GROWTH IN UK IN $MILLION (2014-2022)

FIGURE: 34. BIOPLASTIC MARKET GROWTH IN SPAIN IN $MILLION (2014-2022)

FIGURE: 35. BIOPLASTIC MARKET GROWTH IN ITALY IN $MILLION (2014-2022)

FIGURE: 36. BIOPLASTIC MARKET GROWTH IN FRANCE IN $MILLION (2014-2022)

FIGURE: 37. GLOBAL PACKAGING BY REGION

FIGURE: 38. FOOD PER CAPITA NET PRODUCTION INDEX BY REGION (BASE 2004-2006)

FIGURE: 39. BIOPLASTIC MARKET GROWTH IN CHINA IN $MILLION (2014-2022)

FIGURE: 40. PRICE OF CORN IN CHINA AND US ($USD)(AVERAGE PRICE)

FIGURE: 41. BIOPLASTIC MARKET GROWTH IN INDIA IN $MILLION (2014-2022)

FIGURE: 42. BIOPLASTIC MARKET GROWTH IN JAPAN IN $MILLION (2014-2022)

FIGURE: 43. BIOPLASTIC MARKET GROWTH IN THAILAND IN $MILLION (2014-2022)

FIGURE: 44. PRODUCTION IN MILLION TON IN $MILLION (2014-2022)

FIGURE: 45. BIOPLASTIC MARKET GROWTH IN ROA IN $MILLION (2014-2022)

LIST OF TABLES

TABLE: 1. GROWTH OF BIOPLASTICS MARKET IN $MILLION (2014-2022)

TABLE: 2. BTU VALUE OF DIFFERENT FUEL

TABLE: 3. GLOBAL BIO-PLASTIC MARKET BY MATERIAL IN $ MILLION

TABLE: 4. PLA GEOGRAPHY MARKET IN $MILLION

TABLE: 5. BIO-PET GEOGRAPHY IN $MILLION

TABLE: 6. BIO-PE GEOGRAPHY  IN $MILLION

TABLE: 7. BIO-PA GEOGRAPHY IN $MILLION

TABLE: 8. PHA GEOGRAPHY IN $MILLION

TABLE: 9. BIOPLASTIC MARKET IN $MILLION (2014-2022)

TABLE: 10. GLOBAL BIOPLASTIC PACKAGING MARKET IN $MILLION (2014-2022)

TABLE: 11. CATERING MATERIAL GEOGRAPHY  IN $MILLION (2014-2022)

TABLE: 12. AGRICULTURE APPLICATION IN $MILLION (2014-2022)

TABLE: 13 TECHNICAL MATERIAL GEOGRAPHY IN $MILLION (2014-2022)

TABLE: 14. CONSUMER GOODS IN $MILLION (2014-2022)

TABLE: 15. CONSTRUCTION MATERIALS IN $MILLION (2014-2022)

TABLE: 16. OTHER APPLICATION IN $MILLION (2014-2022)

TABLE: 17. GLOBAL PLASTIC MARKET IN $MILLION (2014-2022)

TABLE: 18. KEY MOTIVATORS AND RESTRAINT OF DIFFERENT GEOGRAPHIES

TABLE:19. BIOPLASTIC MARKET GROWTH IN $MILLION (2014-2022)

TABLE: 20. BIOPLASTIC MARKET (COUNTRY LEVEL ANALYSIS) IN $MILLION (2014-2022)

TABLE: 21. NORTH AMERICA BIOPLASTIC MARKET BY MATERIAL IN $MILLION (2014-2022)

TABLE:22. NORTH AMERICA BIOPLASTIC MARKET BY APPLICATION IN $MILLION (2014-2022)

TABLE: 23. BIOPLASTIC MATERIAL GROWTH IN EUROPE IN $MILLION (2014-2022)

TABLE: 24. BIOPLASTIC APPLICATION IN $MILLION (2014-2022)

TABLE: 25. BIOPLASTIC MARKET GROWTH (BY MATERIAL) IN $MILLION (2014-2022)

TABLE: 26. BIOPLASTIC MARKET GROWTH (BY APPLICATION) IN $MILLION (2014-2022)

TABLE: 27 BIOPLASTIC MATERIAL MARKET IN ROW  IN $MILLION (2014-2022)

TABLE: 28. BIOPLASTIC APPLICATION ROW IN $MILLION (2014-2022)

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