Bioplastic Market Revenue Growth and Quantitative Analysis Till 2030

1. Market Research Report EXCLUSIVE EDITION Bioplastic Market Opportunities, and Forecast By 2030 Global Industry Analysis, Forecast and Trends, 2022-2030 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Bioplastic Market © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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5. Bioplastic Market Revenue Growth and Quantitative Analysis Till 2030 Bioplastic Market by Type (Biodegradable Plastic and Non-biodegradable Plastic), by Application (Packaging, Agriculture, Textile, Consumer durables, and Others), and by Region - Global Trends, Market Share, and Forecast to 2027 Description The global Bioplastic market was valued at USD 5.3 billion in 2020 to USD 13.1 billion by 2027, at a CAGR of 13.8% from 2021 to 2027. Bioplastics have evolved as sustainable and eco-friendly alternatives to synthetic plastic. The demand for bioplastics has gained incredible traction in various plastic applications due to the favorable legislations implemented by numerous governments around the globe. Packaging and consumer durable are two top investment segments for the global bioplastic market. PET is used mainly in bottle packaging. The rapid growth of the global sustainable packaging industry and volatility in crude oil prices drive the market's growth. Moreover, favorable government policies are anticipated to drive the market demand as an eco-friendly substitute. The high price of biodegradable bioplastic is a major factor restraining industry growth. This issue can be resolved with the volatility in crude oil price, which results in a price rise in petrol plastic. Moreover, this issue can be resolved with the decrease in dependence on petroleum resources and advancement in R&D. The industry, with a healthy capital base and good infrastructure is projected to adopt a forward integration strategy to create its value chain. The “green” PET bottle developed by PepsiCo. is 100% bio-based and has an identical molecular structure. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. Therefore, the green bottle exhibits equal efficacy, which includes conventional plastics. The company need not incur any extra cost for manufacturing this bottle as it can be manufactured by the agricultural waste generated from its food industry (1.3 billion pounds of orange peels every year from the Tropicana business). This bottle can break PepsiCo’s dependence on petroleum materials and can reduce carbon dioxide from the atmosphere. Huge R&D investment is required to transform this innovation into commercialization. The research should continue to increase the efficiency of the material, simplify its synthesis, and maximize the usage of potential biomaterials. With this development, the manufacturers will be able to produce more valuable and less expensive bioplastic. Request Sample Copy of this Report: https://www.marketstatsville.com/request-sample/bioplastic-market Global Bioplastic Market Dynamics Drivers: Favorable government policy Various governments across the world adopt favorable regulations and policies to promote the sustainability and biodegradability of bioplastics. These are some of the key factors that boost this market. The European Union is one of the major political advocators of the bioplastics market. In Europe, policymakers formulate environmental policies to create awareness among consumers. Besides, they are also formulating R&D programs to boost the production of bioplastic in the region. Furthermore, national governments in various European countries also promote the usage/application of sustainable material. Governments in Asia and Europe have now formulated specific stringent policies, which are expected to favor the growth of the bioplastic industry material. For instance, Japan has now focused on achieving at least 20% usage of bioplastics by 2020. According to the recently implemented waste management program, the Government of Singapore advocates recycling plastic waste besides other solid and municipality waste. Restraints: Limited performance © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. Due to poor mechanical, thermal, and water absorption properties, bioplastic is not suitable for many applications. For example, due to low melting point & low transparency, first-generation PLA is not suitable for a few packaging applications, requiring high- temperature resistance. Due to the common tensile strength, the starch-based bioplastic is highly brittle. Therefore, it needs to be plasticized with polyether and urea, blended with other materials, or chemically modified for further packaging applications. Due to excellent oxygen barrier properties, the thermoplastics starch is widely used in food-related applications, including food packaging and manufacturing food containers, such as bowls, plates, cups, and egg trays. However, the hygroscopic nature of starch determines that this material is not suitable for high-moisture and liquid food products. To resolve this issue, the manufacturers need specific adaption and technical advancements in the production process. For instance, Sulzer has established a new process for PLA production. With this innovative route, PLA can withstand heat up to 180°C. Opportunities: Decrease in dependency on petroleum resources & advancement in R&D The high price of bioplastics is a major factor restraining the industry's growth. This issue can be resolved with the volatility in crude oil price, which results in a price rise in petrol plastic. Moreover, this issue can be resolved with the decrease in dependence on petroleum resources and advancement in R&D. The industry, with a healthy capital base and good infrastructure is projected to adopt a forward integration strategy to create its value chain. The “green” PET bottle developed by PepsiCo is 100% bio-based and has an identical molecular structure. The company need not incur any extra cost for manufacturing this bottle as it can be manufactured by the agricultural waste generated from its food industry (1.3 billion pounds of orange peels every year from the Tropicana business). This bottle can break PepsiCo’s dependence on petroleum materials and can reduce carbon dioxide from the atmosphere. Huge R&D investment is required to transform this innovation into commercialization. The research should continue to increase the efficiency of the material, simplify its synthesis, and maximize the usage of potential biomaterials. With this development, the manufacturers will be able to produce more valuable and less expensive bioplastic. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. Scope of the Report The study categorizes the Bioplastic market based on type, application, and region. Direct Purchase Report: https://www.marketstatsville.com/buy-now/bioplastic-market?opt=2950 By Type •Biodegradable Plastic • Polylactic acid • Polyhydroxyalkanoate • Starch blend • Polyester • Cellulose acetate •Non-biodegradable Plastic • Epoxiy • Polyurethane • Polyethylene Terephthalate • Others By Application •Packaging •Agriculture •Textile •Consumer durables •Others By Region •North America (US, Canada, Mexico) •South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America) •Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe) •Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific) •The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA) © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. Non-biodegradable, by bioplastic type, is having largest market segment during the forecast period The bioplastics market report has been segmented by type as biodegradable and non- biodegradable plastics. In 2020, Non-biodegradable Plastic had the largest market revenue share of 55.56% in the global bioplastic market. Non-biodegradable plastic usually does not break down or dissolve into other materials for several years. These plastics can be recycled and used multiple times. Bottles and grocery bags are the common non-biodegradable materials that can be reused. The global non- biodegradable plastic market is segmented into epoxy, polyurethane, polyethylene terephthalate, and others (PA, PE, EPDM, & PTT). The market witnesses high demand owing to the elastic nature of polyethylene films, which enable the production of films with good toughness suitable for food packaging and non-food applications. Innovations in food & beverages packaging drive the demand for polyethylene films. However, fluctuations in the cost of raw materials and stringent regulations imposed for the use of plastic are expected to hamper the market growth during the forecast period. Though the market is saturated in North America and Western Europe, Asia-Pacific has huge potential demand due to the growth in end-users such as agriculture, medical, and food industry. Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/bioplastic-market Europe accounts for the highest CAGR during the forecast period in the Bioplastic market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. The global Bioplastic market has been segmented by regions, like North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Europe has the highest growth rate of 16.2% during the forecast period. The major countries involved in developing and producing bioplastics in Europe are Germany, Italy, France, Spain, and the UK. Europe adopts bioplastics over conventional plastic to transform into a proper waste management region. The European Association promotes government and environmental policies regarding sustainability and bio- degradability, which is a significant factor driving the biodegradable plastic market in Europe. An increase in the demand for bioplastic products among European customers stimulates the growth of biobased products in this region. European customers choose bioplastic products over conventional plastic products considering their environmental benefits. Thus, Europe has a significant market share in terms of revenue in the global biodegradable market. European legal framework and strategies foster the extensive use of biobased plastic products and provide growth opportunities for the Europe biodegradable market. Favorable government policies for the bioplastic manufacturers in Europe is another significant factor that drives the market growth. The packaging industries in Europe are planning to replace conventional plastic with bioplastic in the mushroom, vegetables, and fruits packaging business. Request For Report Description: https://www.marketstatsville.com/bioplastic-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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