Biobased Biodegradable Plastics Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020
- REP-GB--89
- 2014-12-31
- Category: Chemicals & Materials
- 90 Pages
- Format:
Biobased biodegradable plastics are derived from natural resources and can be safely disposed or recycled. Global consumption of plastics was valued at 31.1 million tonnes in 2014 and in the same year, biodegradable plastics constituted a miniscule share of approximately 0.21%.
Globally, consumption of biobased biodegradable plastics is projected to reach from 665.7 thousand tonnes in 2014 to 1,356.9 thousand tons in 2020 at a projected CAGR of 12.6% during the forecast period.
Biobased Biodegradable Plastics Market: Drivers & Trends
Key driving factors identified in the biobased biodegradable plastics market are regulatory framework for safe waste disposal and management, implementation of environmental conservation initiatives by government and various institutions, and efforts by manufacturers to reduce dependency on crude oil derived products.
Some of the restraining factors identified in the market are low awareness of the consumers and relatively low durability of these plastics as compared to conventional plastics.
The key trends identified in the global biobased biodegradable plastics market include increasing utilization of these plastics in packaging applications, bottles and food service disposables manufacturing.
Market Segmentation
On the basis of product type, the biobased biodegradable plastics market is segmented into polyester, starch blends, poly lactic acid (PLA), cellulose, polyhydroxyalkanoate (PHA) and other biobased biodegradable plastics.
Application segments of biobased biodegradable plastics market include packaging, fibres, healthcare, agriculture and others. Regional analysis of biobased biodegradable plastics market includes Western Europe, Asia Pacific, Eastern Europe, North America, Middle East & Africa and Japan.
Biobased Biodegradable Plastics Market Analysis by Product Type
Polyester, starch blends and PLA collectively accounted for approximately 88% of the total biobased biodegradable plastics consumption in 2014 globally and are anticipated to remain the largest product segments by 2020. All other product types are collectively projected to grow at CAGR of 13.8% during the forecast period in terms of volume.
Biobased Biodegradable Plastics Market Analysis by Application
Packaging application constitutes the largest application segment of biobased biodegradable plastics market. In terms of volume, it is projected to grow 2X by 2020 from 2014. In 2014, the volume share of packaging application was valued at nearly 65% of the total market and is expected to remain the largest application segment over the forecast period. All other application segments on the basis of volume are collectively projected to exhibit a CAGR of 12.5%.
Biobased Biodegradable Plastics Market Analysis by Geography
Western Europe is the largest market for biobased biodegradable plastics globally and accounted for about 44% of the global biobased biodegradable plastics consumption across the globe in 2014. In terms of consumption, the region is followed by North America, Asia Pacific, Latin America, Eastern Europe, Japan and Middle East & Africa.
In terms of consumption volumes, developed economies are collectively projected to grow at CAGR of 11.2% while developing economies are altogether projected to grow at CAGR of 15.4% during the forecast period.
In terms of revenue, the global market is projected to increase by 2.8X from 2014 to 2020. Developed economies are projected to account for 62% share in the total incremental revenue opportunity over the forecast period representing a revenue CAGR of 16.5% during the forecast period.
Global average pricing of biobased biodegradable plastics is expected to witness an increasing trend over the forecast period owing to certain factors such as varying capacity utilization rates across geographies, increasing energy costs resulting in increased production cost and supply-demand gap across geographies.
Global Biobased Biodegradable Plastics Consumption, By Region (‘000 Tonnes)
Source: FMI, 2014
Biobased biodegradable plastics are expected to increase its importance in global plastics market, as the share of biobasedbiodegrdable plastics in total plastic consumption is expected to improve in the coming years. Stringent legislation in Europe – followed by other countries, global warming initiatives and easy availability of raw material are key growth drivers for biobased biodegradable plastics market. In addition companies are constantly developing biobased biodegradable plastics from new sources, which will enable them to get sustainable sources of raw material. Global majors such as BASF, DOW, Novamont, Natureworks, Metabolix are operating in this sector. However, the market is at nascent stage and latent opportunities to be unfolded. Geography wise, Western Europe is the largest market, followed by North America and Asia pacific.
In this study, we analyze the Global Biobased Biodegradable Plastics Market during 2014-2020. We focus on:
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Market size and forecast, 2012-2020
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Key drivers and developments in biobased biodegradable plastics market
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Key Trends and Developments of biobased biodegradable plastics in applications such as packaging, fiber, medical agriculture and others
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Key Drivers and developments in particular regions such as North America, Europe, Middle East and Africa (EMEA), Asia Pacific and Latin America
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Government policies and initiatives for biobased biodegradable plastics market in all four regions
Key Geographies Covered
Western Europe, North America, Asia-Pacific, Latin America, Eastern Europe and Middle East & Africa (MEA),
Other Key Topics
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New raw material sources, standards & Certification, segmental performance
Examples of key Companies Covered
BASF, DOW, Novamont, Natureworks, Metabolix Inc., Corbion, Biome Technologies
Global Biobased Biodegradable Plastics Market Reports - Table of Contents
1. Executive Summary
2. Research Methodology & Scope
3. Assumptions & Acronyms Used
4. Market Overview
4.1. Introduction
4.2. Market Segmentation
4.3. Parent Market Indicators
4.3.1. Global Plastic Consumption
4.3.2. Regional Plastic Consumption
5. Global Biobased Biodegradable Plastics Market Overview
5.1. Market Size & Forecast (Value), 2012 – 2020
5.2. Y-o-Y Growth Comparison
5.3. Market Size & Forecast (Volume), 2012 – 2020
5.4. Market Dynamics
5.4.1. Economic Drivers & Relative Impact
5.4.2. Demand Drivers & Relative Impact
5.4.3. Supply Drivers & Relative Impact
5.4.4. Market Trends & Recent Advancements
6. Global Biobased Biodegradable Plastics Market, By Application, 2012 – 2020
6.1. Introduction
6.2. Market Size & Forecast - Value
6.3. Market Size & Forecast - Volume
6.4. Y-o-Y Growth Comparison
6.5. Market Proportion & BPS Analysis
6.6. Market Performance Index
6.7. Packaging Application Market Analysis
6.7.1. Market Size & Forecast - Value
6.7.2. Y-o-Y Growth Rate Analysis
6.7.3. Absolute $ Opportunity
6.8. Fiber Application Market Analysis
6.8.1. Market Size & Forecast - Value
6.8.2. Y-o-Y Growth Rate Analysis
6.8.3. Absolute $ Opportunity
6.9. Agriculture Application Market Analysis
6.9.1. Market Size & Forecast - Value
6.9.2. Y-o-Y Growth
6.9.3. Absolute $ Opportunity
6.10. Medical Application Market Analysis
6.10.1. Market Size & Forecast - Value
6.10.2. Y-o-Y Growth Rate Analysis
6.10.3. Absolute $ Opportunity
7. Global Biobased Biodegradable Plastics Market, By Product Type, 2012 – 2020
7.1. Introduction
7.2. Market Size & Forecast – Value
7.3. Market Size & Forecast – Volume
7.4. Y-o-Y Growth Comparison
7.5. Absolute $ Opportunity
7.6. Market Proportion & BPS Analysis
7.7. Global Polyester Biobased Biodegradable Plastics Market Analysis
7.7.1. Market Size & Forecast - Value
7.7.2. Y-o-Y Growth
7.7.3. Absolute $ Opportunity
7.8. Global PLA Biobased Biodegradable Plastics Market Analysis
7.8.1. Market Size & Forecast - Value
7.8.2. Y-o-Y Growth
7.8.3. Absolute $ Opportunity
7.9. Global PHA Biobased Biodegradable Plastics Market Analysis
7.9.1. Market Size & Forecast - Value
7.9.2. Y-o-Y Growth
7.9.3. Absolute $ Opportunity
7.10. Global Cellulose Biobased Biodegradable Plastics Market Analysis
7.10.1. Market Size & Forecast – Value
7.10.2. Y-o-Y Growth
7.10.3. Absolute $ Opportunity
8. Global Biobased Biodegradable Plastics Market, By Region
8.1. Western Europe Market Analysis
8.1.1. Market Size & Forecast – Value, 2012 – 2020
8.1.2. Market Size & Forecast – Volume, 2012 – 2020
8.1.3. Market Proportion & BPS Analysis
8.2. North America Market Analysis
8.2.1. Market Size & Forecast – Value, 2012 – 2020
8.2.2. Market Size & Forecast – Volume, 2012 – 2020
8.2.3. Market Proportion & BPS Analysis
8.3. Asia-Pacific Market Analysis
8.3.1. Market Size & Forecast – Value, 2012 – 2020
8.3.2. Market Size & Forecast – Volume, 2012 – 2020
8.3.3. Market Proportion & BPS Analysis
8.4. Latin America Market Analysis
8.4.1. Market Size & Forecast – Value, 2012 – 2020
8.4.2. Market Size & Forecast – Volume, 2012 – 2020
8.4.3. Market Proportion & BPS Analysis
8.5. Eastern Europe Market Analysis
8.5.1. Market Size & Forecast – Value, 2012 – 2020
8.5.2. Market Size & Forecast – Volume, 2012 – 2020
8.5.3. Market Proportion & BPS Analysis
8.6. Japan Market Analysis
8.6.1. Market Size & Forecast – Value, 2012 – 2020
8.6.2. Market Size & Forecast – Volume, 2012 – 2020
8.6.3. Market Proportion & BPS Analysis
8.7. Middle East & Africa Market Analysis
8.7.1. Market Size & Forecast – Value, 2012 – 2020
8.7.2. Market Size & Forecast – Volume, 2012 – 2020
8.7.3. Market Proportion & BPS Analysis
9. FMI Recommendation
Global Biobased Biodegradable Plastics Market Reports - List of Tables
Table 1: Global Biobased Biodegradable Plastics Market Volume Forecast, By Product, 2012-2020 (‘000 tons)
Table 2: Global Biobased Biodegradable Plastics Market Value Forecast, By Product 2012-2020 ($ Mn.)
Table 3: Western Europe Biobased Biodegradable Plastics Market Volume Forecast, 2012 - 2020 (‘000 tons)
Table 4: Western Europe Biobased Biodegradable Plastics Market Value Forecast, 2012 - 2020 ($ Mn.)
Table 5: North America Biobased Biodegradable Plastics Market Volume Forecast, 2012 - 2020 (‘000 tons)
Table 6: North America Biobased Biodegradable Plastics Market Value Forecast, 2012 - 2020 ($ Mn.)
Table 7: Asia-Pacific Biobased Biodegradable Plastics Market Volume Forecast, 2012 - 2020 (‘000 tons)
Table 8: Asia-Pacific Biobased Biodegradable Plastics Market Value Forecast, 2012 - 2020 ($ Mn.)
Table 9: Latin America Biobased Biodegradable Plastics Market Volume Forecast, 2012 - 2020 (‘000 tons)
Table 10: Latin America Biobased Biodegradable Plastics Market Value Forecast, 2012 - 2020 ($ Mn.)
Table 11: Eastern Europe Biobased Biodegradable Plastics Market Volume Forecast, 2012 - 2020 (‘000 tons)
Table 12: Eastern Europe Biobased Biodegradable Plastics Market Value Forecast, 2012 - 2020 ($ Mn.)
Table 13: Japan Europe Biobased Biodegradable Plastics Market Volume Forecast, 2012 - 2020 (‘000 tons)
Table 14: Japan Europe Biobased Biodegradable Plastics Market Value Forecast, 2012 - 2020 ($ Mn.)
Table 15: Middle East & Africa Biobased Biodegradable Plastics Market Volume Forecast, 2012 - 2020 (‘000 tons)
Table 16: Middle East & Africa Biobased Biodegradable Plastics Market Value Forecast, 2012 - 2020 ($ Mn.)
Global Biobased Biodegradable Plastics Market Reports - List of Figures
Figure 1: Biodegradable Plastics Market Segments
Figure 2: Global Biodegradable Plastics Consumption (Mn. Tons)
Figure 3: Global Biobased Biodegradable Plastics Market Value Forecast ($ Mn.) and Y-o-Y Growth (%), By Product, 2012-2020
Figure 4: Global Biobased Biodegradable Plastics Market Share, By Product Type, 2014 & 2020
Figure 5: Global Polyester Biobased Biodegradable Plastics Market Absolute $ Opportunity, 2013 -2020
Figure 6: Global Starch Blend Biobased Biodegradable Plastics Market Absolute $ Opportunity, 2013 -2020
Figure 7: Global PLA Biobased Biodegradable Plastics Market Absolute $ Opportunity, 2013 -2020
Figure 8: Global PHA Biobased Biodegradable Plastics Market Absolute $ Opportunity, 2013 -2020
Figure 9: Global Cellulose Biobased Biodegradable Plastics Market Absolute $ Opportunity, 2013 -2020
Figure 10: Global Other Biobased Biodegradable Plastics Market Absolute $ Opportunity, 2013 -2020
Figure 11: Global Biobased Biodegradable Plastics Market Y-o-Y Growth Comparison, By Application, 2012 - 2020
Figure 12: Global Biobased Biodegradable Plastics Application Market Performance Index, 2014 -2020
Figure 13: Global Biobased Biodegradable Plastic Packaging Application Market Value Forecast ($ Mn.) and Y-o-Y Growth, 2013-2020
Figure 14: Global Biobased Biodegradable Plastic Packaging Application Market Absolute $ Opportunity, 2013 – 2020 ($ Mn.)
Figure 15: Global Biobased Biodegradable Plastic Fiber Application Market Value Forecast ($ Mn.) and Y-o-Y Growth, 2013-2020
Figure 16: Global Biobased Biodegradable Plastic Fiber Application Market Absolute $ Opportunity, 2013 – 2020 ($ Mn.)
Figure 17: Global Biobased Biodegradable Plastic Agriculture Application Market Value Forecast ($ Mn.) and Y-o-Y Growth, 2013-2020
Figure 18: Global Biobased Biodegradable Plastic Agriculture Application Market Absolute $ Opportunity, 2013 – 2020 ($ Mn.)
Figure 19: Global Biobased Biodegradable Plastic Medical Application Market Value Forecast ($ Mn.) and Y-o-Y Growth, 2013-2020
Figure 20: Global Biobased Biodegradable Plastic Medical Application Market Absolute $ Opportunity, 2013 – 2020 ($ Mn.)
Figure 21: Global Biobased Biodegradable Plastics Market Y-o-Y Growth Comparison, By Geography, 2014 - 2020
Figure 22: Global Biobased Biodegradable Plastic Market Attractiveness Index, By Region, 2014
Figure 23: Global Biobased Biodegradable Plastic Market Share, By Region, 2014 & 2020
Figure 24: Global Biobased Biodegradable Plastics Market Performance Index, By Region, 2014 - 2020
Figure 25: western Europe Biobased Biodegradable Plastic Market Share, By Application, 2014 & 2020
Figure 26: North America Biobased Biodegradable Plastic Market Share, By Application, 2014 & 2020
Figure 27: Asia-Pacific Biobased Biodegradable Plastic Market Share, By Application, 2014 & 2020
Figure 28: Latin America Biobased Biodegradable Plastic Market Share, By Application, 2014 & 2020
Figure 29: Eastern Europe Biobased Biodegradable Plastic Market Share, By Application, 2014 & 2020
Figure 30: Japan Biobased Biodegradable Plastic Market Share, By Application, 2014 & 2020
Figure 31: Middle East & Africa Biobased Biodegradable Plastic Market Share, By Application, 2014 & 2020
Figure 32: Global Biobased Biodegradable Plastics Market Price Trend Analysis, By Product, 2014