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Published Date: 2016-02-12Number of Pages: 175

Biodegradable Plastics (Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Polybutylene Succinate (PBS), Polycaprolactone (PCL), Starch-based, and Regenerated Cellulose) Market for Packaging, Textile, Agriculture, Injection Molding, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Global Biodegradable Plastics Market: Snapshot

The primary driver boosting the demand for biodegradable plastics has to be the current increase in need for them. Consumers are pressuring manufacturing companies to provide more biodegradable plastics due to the growing environmental concern caused by the overuse of conventional plastics. This is complemented by the increasingly stringent regulatory pressure exerted by governments in the developed economies from North America and the Eurozone. The support shown by these government bodies towards the increased use of biodegradable plastics is providing a great foothold for manufacturers to strengthen their business on.

The boost to biodegradable plastics is expected to spread across the global packaging industry, especially in food and beverage packaging. This industry is expected to provide a significant push to increasing the demand for biodegradable plastics over the coming years. Another avenue for biodegradable plastics manufacturers to chase is the use of these materials in the creation of plastic mulch in agriculture.

However, the cost of manufacturing biodegradable plastics is much higher than conventional plastics, thereby deterring several emerging economies from large-scale adoption. Additionally, the synthesis of biodegradable plastics requires optimal climate and conditions as well as the proper amount of microorganisms. The production of biodegradable plastics requires skilled labor which is difficult to procure for a large number of countries at the moment.

The global market for biodegradable plastics is expected to progress at a CAGR of 9.9% in terms of revenue, from 2015 to 2023. This revenue is expected to reach US$9.10 bn by the end of 2016 and US$17.66 bn by the end of 2023.

Europe Retains Leading Role in Biodegradable Plastics Consumption

By the end of 2023, Europe is expected to procure an estimated 36.70% of the global biodegradable plastics market in terms of value. The demand for biodegradable plastics in this region is already quite high and is expected to stay high. However, in terms of overall growth rate of the biodegradable plastics market in Europe, it is expected to show a sluggish growth rate due to imminent saturation. There is a heavy emphasis on the use of biodegradable plastics in this region’s packaging industry, which creates its leading percentage of demand. The applications of biodegradable plastics in agriculture within Europe have also been well-received. This application segment is expected to continue growing over the coming years.

North America follows Europe in terms of biodegradable plastics consumption rate. This region is expected to show a heavier demand for biodegradable plastics owing to the strengthening of government regulations regarding the consumption of non-biodegradable materials and landfill control.

Packaging Industry Applications of Biodegradable Plastics Broaden

A massive portion of the overall demand for biodegradable plastics comes from the packaging industry. By the end of 2023, this demand is expected to take up 61.11% of the global market’s revenue. The applications of biodegradable plastics in the packaging industry are extremely wide and it therefore makes sense for prominent players to push their manufacturing more towards this application segment. The demand for eco-friendly packaging is tremendous at the moment, owing to the high rate of food and beverage consumption and the growing problem of disposing conventional plastics.

The growth in demand for biodegradable plastics is also expected to be very high in its applications in the textiles, agriculture, and injection molding. A lot of textile companies are adopting the use of biodegradable plastics in the production of fibers, films, and packaging material. The use of biodegradable plastics in agriculture is also expected to be extensive, ranging from being used in creating plastic mulches to packaging for fertilizers.

The key manufacturers of biodegradable plastics across the world include BASF SE, NatureWorks LLC, Mitsubishi Chemical Corporation, Corbion, and Biome Bioplastics.


Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Assumptions
1.4 Market Segmentation
1.5 Research Methodology

Chapter 2 Executive Summary
2.1 Global Biodegradable Plastics Market, 2014 - 2023, (Kilo Tons) (US$ Mn)
2.2 Biodegradable Plastics: Market Snapshot 

Chapter 3 Biodegradable Plastics Market – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
     3.3.1 Rising Demand for Environment Friendly Plastics coupled with legislative support to drive the Global Biodegradable Plastics Market
     3.3.2 Growing Packaging Industry Expected to Drive Global Biodegradable Plastics Market
3.4 Restraints
     3.4.1 Higher Product Cost and Ideal Environmental Condition For Biodegradation Process May Hamper Productivity of Biodegradable Plastics Market
3.5 Opportunity
     3.5.1 High fluctuating prices of petrochemical products have led to an opportunity for bio-based biodegradable plastics
3.6 Porter’s Five Forces Analysis
     3.6.1 Bargaining Power of Suppliers
     3.6.2 Bargaining Power of Buyers
     3.6.3 Threat of New Entrants
     3.6.4 Threat of Substitutes
     3.6.5 Degree of Competition
3.7 Biodegradable Plastics: Market Attractiveness Analysis
     3.7.1 Attractiveness Analysis: By Product type
     3.7.2 Attractiveness Analysis: By Country
3.8 Biodegradable Plastics Market: Company Market Share Analysis, 2014

Chapter 4 Price Trend Analysis
4.1 Biodegradable Plastics Price Trend, 2014–2023 (US$/Ton)

Chapter 5 Biodegradable Plastics Market – Product Segment Analysis
5.1 Global Biodegradable Plastics Market for Polylactic Acid, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.2 Global Biodegradable Plastics Market for Polyhydroxyalkanoates, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.3 Global Biodegradable Plastics Market for Polybutylene Succinate, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.4 Global Biodegradable Plastics Market for Polycaprolactone, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.5 Global Biodegradable Plastics Market for Starch Based, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.6 Global Biodegradable Plastics Market for Regenerated Cellulose, 2014 – 2023 (Kilo Tons) (US$ Mn)

Chapter 6 Biodegradable Plastics Market – Application Segment Analysis
6.1 Global Biodegradable Plastics Market for Packaging Application, 2014 – 2023 (Kilo Tons) (US$ Mn)
6.2 Global Biodegradable Plastics Market for Textile Application, 2014 – 2023 (Kilo Tons) (US$ Mn)
6.3 Global Biodegradable Plastics Market for Agriculture Application, 2014 – 2023 (Kilo Tons) (US$ Mn)
6.4 Global Biodegradable Plastics Market for Injection Molding Application, 2014 – 2023 (Kilo Tons) (US$ Mn)
6.5 Global Biodegradable Plastics Market for Others( Electronic, Medical, Etc), 2014 – 2023 (Kilo Tons) (US$ Mn)

Chapter 7 Global Biodegradable Plastics Market: Regional Analysis
7.1 Global Biodegradable Plastics Market: Regional Overview
7.2 North America Biodegradable Plastics Market, 2014 and 2023
     7.2.1 North America Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.2.2 North America Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.2.3 North America Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.2.4 North America Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
     7.2.5 U.S. Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.2.6 U.S. Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.2.7 U.S. Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.2.8 U.S. Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
     7.2.9 Rest of North America Biodegradable Plastics Market Volume, Product Segment, 2014 – 2023 (Kilo Tons)
     7.2.10 Rest of North America Biodegradable Plastics Market Revenue, Product Segment, 2014 – 2023 (US$ Mn)
     7.2.11 Rest of North America Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.2.12 Rest of North America Biodegradable Plastics Market Revenue, by Application Segment Analysis, 2014 – 2023 (US$ Mn)
7.3 Europe Biodegradable Plastics Market, 2014 and 2023
     7.3.1 Europe Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.3.2 Europe Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (US$ Mn)
     7.3.3 Europe Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.3.4 Europe Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (US$ Mn)
     7.3.5 Germany Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.3.6 Germany Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.3.7 Germany Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.3.8 Germany Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
     7.3.9 UK Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.3.10 UK Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.3.11 UK Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.3.12 UK Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
     7.3.13 Spain Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.3.14 Spain Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.3.15 Spain Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.3.16 Spain Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
     7.3.17 France Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.3.18 France Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.3.19 France Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.3.20 France Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
     7.3.21 Italy Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.3.22 Italy Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.3.23 Italy Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.3.24 Italy Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
     7.3.25 Rest of Europe Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.3.26 Rest of Europe Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.3.27 Rest of Europe Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.3.28 Rest of Europe Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
7.4 Asia Pacific Biodegradable Plastics Market, 2014 and 2023
     7.4.1 Asia Pacific Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.4.2 Asia Pacific Biodegradable Plastics Market Revenue, by Product Segment Analysis, 2014 – 2023 (US$ Mn)
     7.4.3 Asia Pacific Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.4.4 Asia Pacific Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
     7.4.5 China Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.4.6 China Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.4.7 China Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.4.8 China Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
     7.4.9 Japan Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.4.10 Japan Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.4.11 Japan Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.4.12 Japan Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
     7.4.12 ASEAN Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.4.13 ASEAN Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.4.14 ASEAN Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.4.13 ASEAN Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
     7.4.14 Rest of Asia Pacific Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.4.15 Rest of Asia Pacific Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.4.16 Rest of Asia Pacific Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.4.17 Rest of Asia Pacific Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
7.5 Latin America Biodegradable Plastics Market, 2014 and 2023
     7.5.1 Latin America Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.5.2 Latin America Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.5.3 Latin America Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.5.4 Latin America Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
     7.5.5 Brazil Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.5.6 Brazil Biodegradable Plastics Market Revenue,by Product Segment, 2014 – 2023 (US$ Mn)
     7.5.7 Brazil Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.5.8 Brazil Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
     7.5.9 Rest of Latin America Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.5.10 Rest of Latin America Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.5.11 Rest of Latin America Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.5.12 Rest of Latin America Biodegradable Plastics Market Revenue, by Application Segment, 2014 – 2023 (US$ Mn)
7.6 Middle East & Africa Biodegradable Plastics Market, 2014 and 2023
     7.6.1 Middle East & Africa Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.6.2 Middle East & Africa Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.6.3 Middle East & Africa Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.6.4 Middle East & Africa Biodegradable Plastics Market Revenue, by Applications Segment, 2014 – 2023 (US$ Mn)
     7.6.5 GCC Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.6.6 GCC Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.6.7 GCC Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.6.8 GCC Biodegradable Plastics Market Revenue, by Applications Segment, 2014 – 2023 (US$ Mn)
     7.6.9 South Africa Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.6.10 South Africa Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.6.11 South Africa Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.6.12 South Africa Biodegradable Plastics Market Revenue, by Applications Segment, 2014 – 2023 (US$ Mn)
     7.6.13 Rest of Middle East & Africa Biodegradable Plastics Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
     7.6.14 Rest of Middle East & Africa Biodegradable Plastics Market Revenue, by Product Segment, 2014 – 2023 (US$ Mn)
     7.6.15 Rest of Middle East & Africa Biodegradable Plastics Market Volume, by Application Segment, 2014 – 2023 (Kilo Tons)
     7.6.16 Rest of Middle East & Africa Biodegradable Plastics Market Revenue, by Applications Segment, 2014 – 2023 (US$ Mn)

Chapter 8 Company Profiles
8.1 BASF SE
8.2 BIO-ON
8.3 Biome Bioplastics.
8.4 Corbion
8.5 FKuR
8.6 MHG
8.7 Natur -Tec India Private  Limited.
8.8 Nature Works LLC
8.9 Mitsubishi Chemical Corporation
8.10 Plantic
8.11 Others

Chapter 9 Primary Research – Key Findings

Chapter 10 List of Customers

Plastics that decompose in the nature by the action of microorganisms are generally referred as biodegradable plastics. These plastics are divided into different categories such as bio-based and petro-based biodegradable plastics. The most common process employed in the manufacturing of biodegradable plastics includes fermentation of sugar or canola oil to produce polylactic acid (PLA) or polyhydroxyalkanoates (PHA), which in turn is converted into biodegradable plastics.

The report provides in-depth analysis and forecast of the biodegradable plastics market on the global as well as regional level. It includes forecast for the period from 2015 to 2023 in terms of volume (kilo tons) and revenue (US$ Mn). Quantitative data has been derived through extensive secondary research of the global biodegradable plastics market. Secondary sources typically include company websites, relevant magazines, government documents, and press releases. The top-down approach has been adopted to derive the regional numbers from global revenue and volume figures. Furthermore, the bottom-up approach has been employed to derive data for various product segments based on demand for biodegradable plastics in each geographic segment. A combination of top-down and bottom-up approaches helps validate the quantitative data. The data was further validated with the help of primary research with industry experts to ensure accuracy of derived numbers.

Detailed analysis of various factors driving the global biodegradable plastic market has been included for astute decision making. Impact of these drivers has been included with data to substantiate research findings. Furthermore, factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the course of the forecast period. The report also comprises various opportunities available for market growth over the next eight years. Opportunities entail untapped or recently explored factors that are anticipated to drive the biodegradable plastics market during the forecast period.

The report includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the biodegradable plastics industry, from raw material suppliers to end-users. Various processes employed in the manufacture of biodegradable plastics have been included in the value chain analysis. Porter’s Five Forces model has been employed to determine the degree of competition in the market during the forecast period. Company market share analysis has been included for better understanding of the competitive landscape. Company market share analysis includes the market share of dominant players in 2014, based on their production capacities. Furthermore, market attractiveness analysis has been conducted to analyze product segments that are expected to be lucrative during the forecast period. This is based on various factors such as market size, growth rate, profitability, raw material procurement, and competition in each product segment.

Based on product, the biodegradable plastics market has been segmented into polylactic acid, polyhydroxyalkanoates, polybutylene succinate, polycaprolactone, starch-based, and regenerated cellulose. The report comprises detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends in the industry in terms of volume (kilo tons) and revenue (US$ Mn). In terms of region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for biodegradable plastics in each of its application segment has been analyzed and forecast for the period of eight years.

The report also comprises profiles of leading companies in the biodegradable plastics market. These include BASF SE, BIO-ON, Biome Bioplastics, Corbion, FKuR, Nature Works LLC, Mitsubishi Chemical Corporation, Plantic, and Natur -Tec India Private Limited. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section. 

This report segments the global biodegradable plastics market as follows:

  • Biodegradable Plastics Market – Product Segment Analysis
    • Polylactic Acid
    • Polyhydroxyalkanoates
    • Polybutylene Succinate
    • Polycaprolactone
    • Starch-based
    • Regenerated Cellulose 
  • Biodegradable Plastics Market - Application Analysis
    • Packaging
    • Textile
    • Agriculture
    • Injection Molding
    • Others (Including Electronic, Medical, etc.) 
  • Biodegradable Plastics Market - Regional Analysis
    • North America
      • U.S.
      • Rest of North America
    • Europe
      • U.K.
      • Spain
      • France
      • Germany
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • ASEAN
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Rest of Latin America
    • Middle East & Africa (MEA)
      • GCC
      • South Africa
      • Rest of MEA


 
 
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