Bioplastics and Biopolymers Market Growth Analysis Report by Type (Bio-PE, Bio-PET, Regenerated Cellulose, Poly Hydroxyalkonates), by Application (Packaging & Bottles, Agriculture, Automotive, Textiles and Others), and by region, Trends, insights, Dynamics And Forecast till [2023-2030]

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Bioplastics and Biopolymers Market Overview

“The Global Bioplastics and Biopolymers Market is expected to grow rapidly at a 16.9% CAGR consequently, it will grow from its existing size of from $32.45 billion in 2023 to $15.12 billion by 2030.”

Because synthesized enzymes that are simple or multiple toxins result in a decrease in activation energy, which weakens the chemical bonds of the polymer. It has been discovered that a variety of microalgae aid in the biodegradation of polymers, and also reduce the energy required to degrade them. For oil field operations, polymers such as partially hydrolyzed Polyacrylamide (HPAM) are commonly used to increase or improve the extraction of crude oil from reservoirs. HPAM makes the water injectable more viscous.

This makes it easier to move and assists in helping extract oil. In addition to oil the improved oil recovery (EOR) processes also release an enormous quantity of water. The oil field can produce between seven to ten times more in water than it does oil based on the stage and age of the reserve.

Many researchers have studied and discussed the potential of this bioremediation techniques with varying HPAM removal efficacy from water produced by oil fields. The present review is in line with UN Sustainable Development Goal 6 to ensure water security. It highlights the importance of HPAM-based EOR applications, the difficulties in producing water treatment, the current solutions as well as the possibility of the future reuse of water treatment facilities.

Bioplastics and Biopolymers Market | Market Report Service

The massive quantity of plastic present in the soil as well as the air, waterways, and oceans where we live is an additional problem that demands our attentiveness. In the world, 350 million tons of plastic were produced each year as of. Between the 1950s and the year 2018 there was an estimated 6.3 billion tonnes of plastic were created and only 9% of them were recycled, and the remaining 12 percent were burned.

The waste plastics that are discarded put the lives of humans in danger, the plastics also represent a significant risk to the health of animals, birds fish, and other animals. There's been no viable method to rapidly degrade these wastes of plastic since the beginning of the plastics industry. Most plastics take time to degrade because of their chemical structure that makes them impervious to the natural processes of degradation.

Particularly in the present COVID-19 (SARS-CoV-2 coronavirus) pandemic and the increase in plastic pollution and the weathering of their surfaces can cause serious harm to the health of humans and the sustainability of the planet. The desorption and sorption dynamics of nano- and micro-sized polymer (MPs/NPs) polymers that are used for the development of new contaminants (e.g. Endocrine-disrupting chemicals (EDCs) and the polycyclic aromatic hydrocarbons (PAHs) as well as the polychlorinated biphenyls (PCBs) pharmaceuticals, personal health products (PPCPs) and a few heavy metals) are discussed with respect to the fate and cycling of environmental pollutants and the impact of weathering-driven based on studies of isotherm and kinetics of the processes involved in weathering as well as the mechanisms and pathways which regulate the adsorption process of certain environmental pollutants on the surface of NPs and MPs are examined with respect to the physical and chemical changes.

The disposal of plastic waste creates a challenge to ensure that the environment is clean and healthy. But the petrochemical and plastic industries are expected to reap a profit-pool boost of 60 billion dollars from the recycling and reuse of waste plastic. Petrochemical companies should create an efficient waste collection system that can modify strategies for recycling plastic waste for profit. Additionally the petrochemical and plastic industries need a new business model that permits the use of plastic waste materials from various sources instead of purchasing raw materials from one source.

Product portfolios must remain the one of the top priorities for these sectors and the circular economy must be employed whenever feasible. To degrade PET plastic, lot of researchers have suggested the consortia of bacteria, complete microbes, or multi enzyme systems. Without catalytic enzymes, ethylene glycol could be transformed into acetaldehyde under acidic conditions after hydrolysis caused by bacteria and results to the creation of the ethylene glycol. Then, alcohol dehydrogenases in bacterial organisms transformed ethylene glycol into Acetaldehyde, which is the precursor to Acetaldehyde. Algal blooms that cause harm (HABs) were introduced into previously unaffected areas as due to the worldwide expansion of industrial agriculture and the increased usage of fertilizers made from chemical

Demand Analysis:

Bioplastics and biopolymers are made or obtained from living organisms including microbes and plants. Biopolymers are the primary source of biopolymers. are renewable. The majority of biopolymers are biodegradable, meaning they can be broken down into methane, carbon dioxide water, inorganic compounds through the enzymatic activity of microorganisms. Bioplastics demand has been growing due to the widespread use of bioplastics and the growing demand for environmentally friendly plastics for packaging in the globe.

In recent times there has been an enormous increase in awareness and concern for sustainability in the environment. One industry that has garnered enormous interest is that of the plastic industry that is known for its negative impacts on ecosystems. In response growing concern, the introduction and use of bioplastics as well as biopolymers has been identified as viable alternatives. This article offers a thorough analysis of the market for bioplastics and biopolymers with a focus on the key developments, growth factors along with challenges and perspectives.

The market for bioplastics and biopolymers includes a variety of products that are derived from renewable sources, like sugarcane, corn and algae, in addition to bio-based polymers created by the process of microbial fermentation as well as other methods. They share similar characteristics similar to conventional plastics, however they have the advantages of being compostable and biodegradable which reduces environmental damage.

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Market Dynamics

Growth Drivers

The primary factors that drive the market for bioplastics and biopolymers size are the strategic government norms to reduce the levels of toxicity and the growing concern about the health of humans, and a growing preference for bio-based packaging. The growing awareness about environmentally sustainable alternatives to plastics and beneficial initiatives to limit the use of conventional plastics are predicted to boost the growth of the market.

In addition, the increasing consumption of packaged foods advances in bio-plastic packaging, rising worries about their health and the distribution of food packaging owners for food durable products has boosted the market to grow. Other factors, such as the changing patterns of life, expansion of food and pharmaceutical industries, as well as the constant growth in biopolymers and bioplastics are predicted to increase the market in the coming years.

Additionally, bioplastics and biopolymers eliminate the requirement for any fossil fuels for recycling when opposed to other plastics, which makes it ideal for packaging, agricultural products coatings, consumer products and is driving the growth of the market.

In addition, the increasing acceptance of bioplastics in different industries, due to their greater tensile strengths and lower carbon emission as well as greenhouse emissions, is boosting the growth of the market. In addition, the governments of different countries have taken initiatives to encourage the use of bioplastics in order to lessen the pollution caused by plastic and is expected to boost the market's growth.

The increasing investment of industry players into R&D (R&D) initiatives to introduce bio-based polyethylene, nylon and polyethylene Terephthalate (PET) polyethylene bottles for beverage packaging which will increase the growth rate of the market. However, the high price of bioplastics in comparison to conventional polymers has slowed the growth of the market.

Challenges and Opportunities:

Although the market for bioplastics and biopolymers has great potential however, it faces a number of obstacles. The most significant obstacle is the cost of production in comparison to conventional plastics, which limits their wide-spread use.

In addition, the absence of standards-based testing and certification processes for compostability and biodegradability creates an issue for consumers as well as manufacturers. But, these issues present potential for more studies and developments, as well as cost reduction and the development of new manufacturing processes.

Bioplastics and Biopolymers Market Segment Analysis

Analysis of the Product Type

The market for bioplastics and biopolymers is classified into Bio-PE the Bio-PET market, Regenerated Cellulose, and Poly Hydroxyalkanoates. The Bio-PET market is expected to be the leading market in the forecast period because of its increasing use in the industry of packaging. They have the same properties as the traditional PET. Bio-PET aids in the reduction of carbon footprints for a product and can also aid in recycling.

Bio-PET's properties include a high degree of durability, flexibility, printability, heat resistance and a lower carbon content. This makes it the ideal suitable for a variety of applications across sectors like packaging and automotive, consumer products textiles, agriculture, and even textiles. The growing trend of major players to develop sustainable products due to the necessity to reduce our dependence on petroleum-based products has increased the demand of end-users and is driving market growth.

Application Analysis

The market is segmented into bottles and packaging as well as automotive, agriculture and textiles. The segment of bottles and packaging is expected to have the biggest share of the market for bioplastics and biopolymers during the forecast period due to its expanding use in cosmetics, food and pharmaceutical packaging. The increasing use of bioplastics to make agricultural foils, bags and toys, materials, lamination films wraps, overwraps, as well as disposable kitchenware, to boost the growth of the market.

Competitive Landscape of the Bioplastics and Biopolymers Market

Arkema SA
BASF SE
Mitsui Chemicals Inc
Cardia Bioplastics Australia Pty Ltd
Braskem SA
Saudi Basic Industries Corp
Corbion NV
Mitsubishi Chemical Holdings Corp
Novamont SpA
Eastman Chemical Co.

Recent Developments in Bioplastics and Biopolymers Market

Oct 24, 2023 TIME-ly biopolymer invention, BASF on bioplastics, promising bio-derived polymers, Cornell research, NatureWork's progress, counter view, agro investments, Meijer's breakthrough bag containers.

In April 2023, BASF SE announced to establish compounding capacities for its certified compostable biopolymer ecovio in Shanghai, China.

In March 2023, Saudi Basic Industries Corp partnered with Stella McCartney Beauty and three renowned French plastic converters companies (Texen, Leygatech, and STTP Emballage) to create cosmetics containers using its renewable polymers.

Regional Insights

The report offers a thorough analysis of the bioplastics and biopolymers industry with regards to five key regions--North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific accounted for a substantial portion of the market, and was estimated at over US$2 billion by 2022. Factors like the expansion that the manufacturing of plastic packaging is experiencing, government policies that encourage the use of eco-friendly products, growing environmental concerns, and the increasing investment by market leaders are driving bioplastics and biopolymers market within the Asian region.

Europe is also predicted to see a substantial growth rate at more than US$ 3500 million in 2030 due to the growing preference of consumers for bioplastics and biopolymers as a packaging materials instead of plastic packaging made from synthetic materials since they can be broken down by food items. In addition across North America, there has been a wide use of bioplastics, primarily for food packaging. This has resulted in lucrative opportunities in the bioplastics and biopolymers. The market for bioplastics and biopolymers within North America is augmented to expand at around 10% over the forecast time.

A growing concern for the health of humans is another factor that influences the growth. Environmental concerns are rising and the introduction of harsh laws to ban any use of plastics made from petroleum has increased the growth of the market.

The rising demand for environmentally friendly plastics, and increasing consumer spending has increased the need for industries that use end-of-life products within the Asia-Pacific region. Growing population and increasing purchasing power has added to the demand for environmentally friendly plastic products that will boost regional expansion.

Segments Covered in the Bioplastics and Biopolymers Market

Bioplastics and Biopolymers Market by Type

Bio-PE
Bio-PET
Regenerated Cellulose
Poly Hydroxyalkonates

Bioplastics and Biopolymers Market by Application

Packaging & Bottles
Automotive
Textiles
Agriculture
Others

Bioplastics and Biopolymers Market by Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)

Frequently Asked Questions:

Can you list some of the major players operating in the global bioplastics and biopolymers market?

The major players operating in the global bioplastics and biopolymers market are Arkema SA, BASF SE, Mitsui Chemicals Inc, Cardia Bioplastics Australia Pty Ltd, Braskem SA, Saudi Basic Industries Corp, Corbion NV, Mitsubishi Chemical Holdings Corp, Novamont SpA, and Eastman Chemical Co.

Based on end use industry, which segment is leading the global bioplastics and biopolymers market during the forecast period?

The packaging segment held the largest share of the market in 2022. Plastics are superior choices for packaging owing to their easy processability, low cost, lightweight, good resistance to oil and chemicals, exceptional gas and water vapor barrier properties, and reusability and recyclability in terms of sustainability.

Which region held the fastest CAGR in the global bioplastics and biopolymers market?

Asia Pacific is estimated to register the fastest CAGR in the global bioplastics and biopolymers market over the forecast period. The growth in packaging, construction, and automotive sector in the region will bolster the demand for bioplastics and during the forecast period.

Which region held the largest share of the global bioplastics and biopolymers market?

In 2022, Asia Pacific held the largest revenue share of the global bioplastics and biopolymers market. The bioplastics and biopolymers market in Asia Pacific is divided into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Factors such as the growth of the packaging industry, governments’ policies encouraging the adoption of environment-friendly products, rising environmental concerns, and growing investments by key market players are driving the bioplastics and biopolymers market growth in the region.

Base Year:2022

Historical Data:2018-2022

No of Pages:122

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Bioplastics and Biopolymers Market Growth Analysis Report by Type (Bio-PE, Bio-PET, Regenerated Cellulose, Poly Hydroxyalkonates), by Application (Packaging & Bottles, Agriculture, Automotive, Textiles and Others), and by region, Trends, insights, Dynamics And Forecast till [2023-2030]

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