Plastics that can be decomposed by the reaction of micro-organisms in the nature are generally referred as biodegradable material plastics. They decompose naturally with the help of micro-organisms present in the environment which metabolize and break down the structure of biodegradable plastic. Biodegradable plastics are of two types, injection molded and solid. The solid form is generally used for items such as food containers, leaf collection bags, plastic water bottles, etc. These plastics are further segmented into different categories like bio-based and petro-based biodegradable plastics. One of the most common processes employed in the production of biodegradable plastics is fermentation of sugar or canola oil to produce polylactic acid (PLA) or polyhydroxyalkanoates (PHA), which gets converted into biodegradable plastics. The global biodegradable plastics market is expected to have a CAGR of 12.5% during the forecast period 2016-2023
Biodegradable plastics materials are used in various applications, most importantly for the production of packaging products. The biodegradable plastics market covers only 1% of the overall plastics market, but with the increasing consumption of plastic, this trend is projected to rise in the near future. Environmental awareness is one of the important reasons for the increase in the usage of biodegradable plastics. They are used for packaging materials as the demand for eco-friendly packaging materials is increasing. However, high pricing of bio degradable plastic is the major factor that restraints the growth of global biodegradable plastics market. Biodegradable plastics are not able to compete economically with the petroleum based plastics due to the huge manufacturing cost involved in the production process. The increasing investments by market players towards balancing the economies of scale and creating new manufacturing processes, may result in lower prices of bioplastics in the near future. The current biodegradable plastics market is facing challenges related to its impact on food production and its supply. As most of the biodegradable plastics are made by bio-based materials, their feedstock is obtained from natural sources; this gives extra strain on food production and supply. This is a new rising concern and a major challenge for the market players involved in the biodegradable plastics market. But with continuous development of new technologies and search for new sources of feedstock by the market players, the problem may be solved in the future.
Source: OBRC Analysis
The global biodegradable plastics market is segmented into type and by application. On the basis of type, the market is sub segmented into:
- PLA
- Starch Blends
- PCL
- Regenerated Cellulose
- PBS
- PHA
On the basis of application, the market is sub segmented into:
- Packaging
- Fibers
- Agriculture
- Injection Molding
- Others
The revenue for the above segments is specific to global biodegradable plastics market. However, the total revenue of these applications in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up the type segment.
Geographically, the global biodegradable plastic market is segmented into:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
Western Europe and North America are the two biggest consumers for biodegradable plastics globally. Western Europe is the largest consumer of biodegradable plastics holding major share of the global biodegradable plastics market. Strict environmental regulations in Europe prohibit the usage of petroleum based plastics in single use application thus increasing the adoption of biodegradable plastics market. Rising environmental awareness in general population is also fueling the biodegradable plastics market in this region. Also, Italy has banned the usage of petroleum based plastic bags. Moreover, countries like Ireland, Germany and other have levied tax on the use of petroleum based plastic bags. This has led to the increase in the awareness of the benefits of biodegradable plastics. .. With increased government interest in promoting biodegradable products due to environment concern Asia-Pacific is expected to enhance the global biodegradable plastics market. Apart from this, the developing countries such as China and India have huge untapped potential, and are rising at a rapid pace due to rising domestic demand of biodegradable plastics.
Global biodegradable plastics market is segmented on the basis of application and type. Type is further categorized into PLA, regenerated cellulose, starch-based plastics, PHA and PBS. PLA holds the largest share due to its superior mechanical properties. Also, starch blends are expected to rise due to its low cost. Based on application, global biodegradable plastics market is segmented into packaging, fibers, agriculture, injection molding and others. Packaging is expected to dominate the type segment due to biodegradable plastics wide adoption in single packaging materials such as disposable cutlery, shopping bagsand more.
The major market players of the global bio degradable plastic market are:
- BASF SE
- BIO-ON
- BIOME BIOPLASTICS
- CORBION
- FKUR
- MITSUBISHI CHEMICAL CORPORATION
- OTHERS
Detailed analysis of these companies provided in this report comprises of overview, SCOT analysis, product portfolio, strategic initiative and strategic analysis.
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launching. For example, Corbion and Total formed a joint venture on November 21, 2016. Both the companies collaborated to build a PLA polymerization plant with a capacity of 75,000 tons per year. By this joint venture Corbion supplied lactic acid necessary for the production of PLA and the lactide.
Why to buy the report:
This report will:
- Provide you the business strategies adopted by market player such as a joint venture as on November 21, 2016 between Corbion and Total. .
- Provide in detail the different segments such as type and application which are affect the global biodegradable plastics market.
- Provide you the patent analysis of global biodegradable plastics market.
- Identify and understand the strengths, opportunities, challenges and threats of global biodegradable plastics market.
- Provide revenues of major players of the market such as Corbion and Mitsubishi Chemical Corporation.
- Provide you various regulatory policies which are affect the global biodegradable plastics market.
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global biodegradable plastics market offers the longest chain of market segmentation covering major market segmentation based on application and type. The report tracks the major market trends in the global biodegradable plastics market such as growing environmental awareness, government regulations and so on. For each market segments covered in global biodegradable plastics market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the biodegradable plastics industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360 degree analysis, See Saw analysis, and Porter five force model and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key findings of the global biodegradable plastics market:
- Europe is accounted for the largest revenue share in 2016.
- Joint Venture is the key strategy adopted by the various market players of global biodegradable plastics market.
- PLA is the major segment of type.
