Biodegradable Plastic Market by Biodegradable Plastic Type (Polylactic Acid [PLA], Polybutylene Adipate Terephthalate [PBAT], Polybutylene Succinate [PBS], Polyhydroxyalkanoates [PHA], Starch Blends, and Others), and Biodegradable Plastic Application (Packaging, Agriculture, Consumer Durable, Textile, and Others) : Opportunity Analysis and Industry Forecast, 2020-2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider Biodegradable Plastic market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Biodegradable Plastic market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). - In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Biodegradable plastic market was valued at $1.6 billion in 2019 is expected to reach $4.2 billion by 2027, growing at a CAGR of 13.3% from 2020 to 2027.
Biodegradable plastic is a plant-based plastic with no hazardous effects on the environment. It degrades naturally in base compounds in a reasonable amount of time. Hence, plastic, defined as biodegradable, is made of molecule that can break down naturally by the action of micro-organisms. Some of the major known types of biodegradable plastic include, Polylactic Acid) (PLA), Polybutylene adipate terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), and Starch Blends.
Industry trends are shifting toward biobased products to reduce dependence on conventional plastics. Biodegradable plastics degrade naturally unlike fossil fuel based plastic products, which may take more than 500 years to degrade completely.
On the other hand, the growth of the market is restrained by high cost of biodegradable plastic over its conventional counterparts. For instance, polylactic acid based bioplastics are at least eight times as expensive as the petroleum-based plastics.
The global biodegradable plastic market is segmented on the basis of type, application, and region. Based on type, the market is bifurcated into Polylactic Acid(PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), Starch Blends, and others. Starch and PLA are the major type of biodegradable bioplastic preferred largely as it is relatively cost effective and suitable for large number of packaging needs. It is emerged as an alternative to traditional fossil based plastic more specifically polyethylene terephthalate (PET) and to other plastic as well. Additionally, Polyhydroxyalkanoates (PHA) has excellent barrier properties similar to those of PET (Polyethylene Terephthalate) and PP (polypropylene). Currently, it is not commercialized due to its high price. Its material properties are promising but its high cost is a barrier in its commercialization. However, at present, several manufacturers are opting for new production facilities for commercialization of Polyhydroxyalkanoates (PHA). On the basis of application, the global biodegradable plastic market is categorized into packaging, agriculture, textile, consumer durable and others. Packaging industry is the major consumer of global biodegradable plastic market which acquired more than 50% of the global share in 2019. Packaging companies are increasingly using biodegradable plastic to manufacture large number of products. Additionally, regulatory bodies are enforcing manufacturers to come up with innovative substantial prepackaging solutions. As a result, manufacturers are adopting biobased and biodegradable plastics in both flexible and rigid packaging applications. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA. Europe emerged as the global leader in biodegradable plastic market. The major countries involved in the development and production of bioplastic in Europe are Germany, Italy, France, Spain, and the UK. European association is promoting government and environmental policies, regarding sustainability and bio-degradability, which is a significant factor that drives the growth of the biodegradable plastic market in Europe. LAMEA exhibits highest growth in biodegradable plastic market. Large number of imports from North America and Asia-Pacific countries is expected to drive the market demand in LAMEA. However, at present the market in LAMEA is highly fragmented due to the presence of few key players in the market.
Some of the major manufacturers studied and profiled in the global biodegradable plastic market are BASF SE, DowInc., Novamont S.p.A., Plantic, Natureworks, Corbion N.V., Biome Technologies plc, Mitsubishi Chemical Holdings, Eastman Chemical Company, and Danimer Scientific.
COVID-19 Scenario Analysis:
- The suspended movement of vehicles across the globe is expected to disrupt the logistics of different companies, thus affecting the market growth in the forecast timeframe.
- Complete shutdown in the downstream operations lead to high inventory cost. Additionally, delay in upcoming projects and investment cuts will negatively impact the growth.
- Rapid growth of single use plastics in mask and gloves industry will further affect the market growth for biodegradable plastics.
- Delay in key approvals, such as delay in new plant resolution due to travel advisory, currency risks, and subdued demand in emerging countries may hinder the growth.
KEY MARKET SEGMENTS FOR BIODEGRDABLE PLASTICS
- By Type
- PLA (POLYLACTIC ACID)
- PBAT (POLYBUTYLENE ADIPATE TEREPHTHALATE)
- PBS (POLYBUTYLENE SUCCINATE)
- PHA (POLYHYDROXYALKANOATES)
- Starch Blends
- By Application
- Consumer Durable
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
Market Behavior/ Level of Risk and Opportunity
End Industry Behavior/ Opportunity Assessment
Expected Industry Recovery Timeline
Business Impact Horizon
Opening of Economy by Q3 2020
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021
Under COVID-19 Outbreak Impact Analysis:We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries. The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter's Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
The study objectives of this report are:
- To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
- To understand the structure of market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What's market competition in this industry, both company, and country wise? What's market analysis by taking applications and types in consideration?
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Key Points Covered in Biodegradable Plastic Market Report:
1.2.Key benefits for stakeholders
1.3.Key market segments for biodegradable plastic
1.5.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter;s five forces analysis
188.8.131.52.Eco-friendly nature and rise in consumer adoption of biodegradable plastics
184.108.40.206.High demand of biodegradable plastic in food packaging application
220.127.116.11.Favorable Government Policies towards bioplastic
18.104.22.168.High cost of biodegradable plastic
22.214.171.124.Rise in CSR activities and decreasing dependence on petroleum resource
3.5.Impact of key regulations
3.6.Impact of COVID-19 on Biodegradable Plastic
3.8.Import /Export analysis
CHAPTER 4:BIODEGRADABLE PLASTIC MARKET, BY TYPE
4.1.1.Market size and forecast
4.1.2.Polylactic Acid (PLA)
126.96.36.199.Key market trends, growth factors, and opportunities
188.8.131.52.Market size and forecast, by region
184.108.40.206.Market share analysis, by country
4.1.3.Polybutylene Adipate Terephthalate (PBAT)
220.127.116.11.Key market trends, growth factors, and opportunities
18.104.22.168.Market size and forecast, by region
22.214.171.124.Market share analysis, by country
4.1.4.Polybutylene Succinate (PBS)
126.96.36.199.Key market trends, growth factors, and opportunities
188.8.131.52.Market size and forecast, by region
184.108.40.206.Market share analysis, by country
220.127.116.11.Key market trends, growth, factors and opportunities
18.104.22.168.Market size and forecast, by Region
22.214.171.124.Market share analysis, by country
126.96.36.199.Key market trends, growth, factors and opportunities
188.8.131.52.Market size and forecast, by Region
184.108.40.206.Market share analysis, by country
220.127.116.11.Key market trends, growth, factors and opportunities
18.104.22.168.Market size and forecast, by Region
22.214.171.124.Market share analysis, by country
CHAPTER 5:BIODEGRADABLE PLASTIC MARKET, BY APPLICATION
5.1.1.Market size and forecast by Biodegradable Plastic Application
5.2.1.Key market trends, growth, factors and opportunities
5.2.2.Market size and forecast, by Region
5.2.3.Market share analysis, by country
5.3.1.Key market trends, growth, factors and opportunities
5.3.2.Market size and forecast, by Region
5.3.3.Market share analysis, by country
5.4.1.Key market trends, growth, factors and opportunities
5.4.2.Market size and forecast, by Region
5.4.3.Market share analysis, by country
5.5.1.Key market trends, growth, factors and opportunities
5.5.2.Market size and forecast, by Region
5.5.3.Market share analysis, by country
5.6.1.Key market trends, growth, factors and opportunities
5.6.2.Market size and forecast, by Region
5.6.3.Market share analysis, by country
CHAPTER 6:BIODEGRADABLE PLASTIC MARKET, BY REGION
6.1.1.Market size and forecast by country
6.1.2.Key market trends and opportunities
6.1.3.Market size and forecast by Biodegradable plastic Type
6.1.4.Market size and forecast by Biodegradable plastic Application
6.1.5.Market size and forecast by Country
126.96.36.199.Market size and forecast by biodegradable plastic Type
188.8.131.52.Market size and forecast by biodegradable plastic Application
184.108.40.206.Market size and forecast by biodegradable plastic Type
220.127.116.11.Market size and forecast by biodegradable plastic Application
18.104.22.168.Market size and forecast by biodegradable plastic Type
22.214.171.124.Market size and forecast by biodegradable plastic Application
6.2.1.Key market trends and opportunities
126.96.36.199.Market size and forecast by Biodegradable Plastic Type
188.8.131.52.Market size and forecast by biodegradable plastic Application
184.108.40.206.Market size and forecast by Country
220.127.116.11.Market size and forecast by biodegradable plastic Type
18.104.22.168.Market size and forecast by biodegradable plastic Application
22.214.171.124.Market size and forecast by biodegradable plastic Type
126.96.36.199.Market size and forecast by Biodegradable Plastic Application
188.8.131.52.Market size and forecast by Biodegradable Plastic Type
184.108.40.206.Market size and forecast by Biodegradable Plastic Application
220.127.116.11.Market size and forecast by Biodegradable Plastic Type
18.104.22.168.Market size and forecast by Biodegradable Plastic Application
22.214.171.124.Market size and forecast by Biodegradable Plastic Type
126.96.36.199.Market size and forecast by Biodegradable Plastic Application
6.2.7.Rest of Europe
188.8.131.52.Market size and forecast by Biodegradable Plastic Type
184.108.40.206.Market size and forecast by Biodegradable Plastic Application
6.3.1.Key market trends and opportunities
6.3.2.Market size and forecast by Biodegradable Plastic Type
6.3.3.Market size and forecast by Biodegradable Plastic Application
6.3.4.Market size and forecast by Country
220.127.116.11.Market size and forecast by Biodegradable Plastic Type
18.104.22.168.Market size and forecast by Biodegradable Plastic Application
22.214.171.124.Market size and forecast by Biodegradable Plastic Type
126.96.36.199.Market size and forecast by Biodegradable Plastic Application
188.8.131.52.Market size and forecast by Biodegradable Plastic Type
184.108.40.206.Market size and forecast by Biodegradable Plastic Application
220.127.116.11.Market size and forecast by Biodegradable Plastic Type
18.104.22.168.Market size and forecast by Biodegradable Plastic Application
22.214.171.124.Market size and forecast by Biodegradable Plastic Type
126.96.36.199.Market size and forecast by Biodegradable Plastic Application
6.3.10.Rest of Asia-Pacific
188.8.131.52.Market size and forecast by Biodegradable Plastic Type
184.108.40.206.Market size and forecast by Biodegradable Plastic Application
6.4.1.Key market trends and opportunities
6.4.2.Market size and forecast by Biodegradable Plastic Type
6.4.3.Market size and forecast by Biodegradable Plastic Application
6.4.4.Market size and forecast by Country
220.127.116.11.Market size and forecast by Biodegradable Plastic Type
18.104.22.168.Market size and forecast by Biodegradable Plastic Application
22.214.171.124.Market size and forecast by Biodegradable Plastic Type
126.96.36.199.Market size and forecast by Biodegradable Plastic Application
188.8.131.52.Market size and forecast by Biodegradable Plastic Type
184.108.40.206.Market size and forecast by Biodegradable Plastic Application
220.127.116.11.Market size and forecast by Biodegradable Plastic Type
18.104.22.168.Market size and forecast by Biodegradable Plastic Application
6.4.9.Rest of LAMEA
22.214.171.124.Market size and forecast by Biodegradable Plastic Type
126.96.36.199.Market size and forecast by Biodegradable Plastic Application
CHAPTER 7:COMPANY PROFILES
7.1.3.Operating business segments
7.1.6.Key strategic moves and developments
7.2.BIOME TECHNOLOGIES PLC.
7.2.3.Operating business segments
7.3.3.Operating business segments
7.3.6.Key strategic moves and developments
7.4.3.Operating business segments
7.4.5.Key strategic moves and developments
7.5.3.Operating business segments
7.5.6.Key strategic moves and developments
7.6.EASTMAN CHEMICAL COMPANY
7.6.3.Operating business segments
7.7.KURARAY CO., LTD.
7.7.3.Operating business segments
7.7.6.Key strategic moves and developments
7.8.MITSUBISHI CHEMICAL HOLDINGS
7.8.3.Operating business segments
7.9.3.Operating business segments
7.10.PTT GLOBAL CHEMICAL COMPANY LIMITED
7.10.3.Operating business segments
……..and view more in complete table of Contents
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