Global Bio-plastic and Bio-plastic Additives Market, Forecast to 2023
This research study analyzes the opportunities for bioplastics and bioplastic additives across the globe. This global deliverable covers 4 key regions that include North America, Europe, Asia-Pacific (APAC), and rest of the World (ROW) markets; regional analysis is presented at the segment level to illustrate the regional dynamics and opportunities for bioplastics and bioplastic additives. Bio-plastics market including biodegradable and non-biodegradable bioplastics has been analyzed. The study analyzes the current market size in terms of volumes and revenues based on the average prices of products in the marketplace. Unit shipment is represented in kilotons and revenues for bioplastics are represented in $ billion and bioplastic additives are represented in $ million. It also provides a 5-year forecast based on the expected CAGR at which the market is likely to grow. The value chain for bioplastics and bioplastic additives has been discussed in detail. The study also presents key growth opportunities for bioplastics and bioplastic additives describing the current context and the action that is required from market participants. Following this, strategic imperatives for success and growth have been provided.
The study bases the forecast on various drivers and restraints along with regional trends, resin types used and various applications in which bioplastics are used. In addition to this, the market also analyzes the key market participants and the key competitive factors that are critical for participants to gain a strong foothold in the market. To assess the current size of bioplastics and bioplastic additives market and to evaluate its future potential, key growth opportunities and restraining factors are taken into consideration.
Biodegradable bioplastics analyzed include PHA – Poly-hydroxy-alkanoate, PLA – Poly-lactic acid, starch based, PBS – Poly-butylene Succinate, PBAT – Poly-butylene Adipate-Co-Terephthalate, PBAS – Poly-butylene, Adipate-Co-Succinate. Non-biodegradable bioplastics include furan- based polyesters and others such as polyesters, poly-ethylenes (PEs), polyamides, polyurethanes. Bioplastics used in various end applications has been analyzed. Key applications covered include agriculture, water and beverage bottles, other bottles, durables, formed parts, processed food packaging, food service accessories, bags, nets, and pouches. The bioplastic additives market has been segmented by functionality that include plasticizers, flame retardants, impact modifiers and process aids and others that consist of stabilizers, chain extenders, nucleating agents, melt strength enhancers, slip performance enhancers, anti-block performance enhancers.
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