Report Feature
The technology in bio-plastic has undergone significant change in recent years, from PLA (polylactic acid) to PHAs (polyhydroxyalkanoates) based bioplastic. The rising wave of new technologies such as biodegradable bio-plastics are creating significant potential in packaging and agriculture and horticulture applications due to growing environmental concerns and increasing awareness of the economic & ecological viability of using bioplastics.
In agrochemical market, various technologies such as biodegradable and non-biodegradable bioplastics are used in the packaging, textile, agriculture and horticulture, automotive, electronics, and building and construction applications. Improvement in scope of bio-plastics across end-user industries, shift in consumer preference toward eco-friendly plastic products, and rising use in food packaging and compostable bag applications are creating new opportunities for various bio-plastic technologies.
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global bio-plastic technology by application, technology, and region as follows:
Technology Readiness by Technology Type
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology Type
Trends and Forecasts by Technology Type [$M shipment analysis from 2018 to 2030]:
Technology Trends and Forecasts by Application [$M shipment analysis from 2018 to 2030]:
Technology Trends and Forecasts by Region [$M shipment analysis for 2018 to 2030]:
Latest Developments and Innovations in the Bio-plastic Technologies
Companies / Ecosystems
Strategic Opportunities by Technology Type
Some of the bio-plastic companies profiled in this report include NatureWorks, BASF, Total Corbion PLA, Mitsubishi Chemical, Biome Bioplastics, Plantic Technologies, Bio-On, Danimer Scientific, Novamont, and Toray Industries.
Q.1 What are some of the most promising and high-growth technology opportunities for the bio-plastic market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in bio-plastic market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in bio-plastic market?
Q.6 What are the latest developments in bio-plastic technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this bio-plastic market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this bio-plastic technology space?
In agrochemical market, various technologies such as biodegradable and non-biodegradable bioplastics are used in the packaging, textile, agriculture and horticulture, automotive, electronics, and building and construction applications. Improvement in scope of bio-plastics across end-user industries, shift in consumer preference toward eco-friendly plastic products, and rising use in food packaging and compostable bag applications are creating new opportunities for various bio-plastic technologies.
Some of the latest technological developments by various countries in the bio-plastic market are as follows:
- United States: NatureWorks LLC and DuPont are leading initiatives in the development of biodegradable bio-plastics derived from renewable resources like corn and sugarcane. Initiatives include the launch of new bio-based plastic formulations aimed at reducing reliance on fossil fuels and mitigating plastic pollution.
- Germany: BASF SE and Evonik Industries AG are investing in research and development of bio-plastics, focusing on both biodegradable and non-biodegradable variants. Announcements include the introduction of new bio-plastic grades with improved performance and environmental properties.
- China: Kingfa Sci. & Tech. Co., Ltd. and Tianjin GreenBio Materials Co., Ltd. have been focusing on the development of non-biodegradable bio-plastics, which offer durability and versatility in various applications. Initiatives include the launch of bio-plastic materials targeting reduced plastic waste and environmental impact.
- Japan: Mitsubishi Chemical Corporation and Toray Industries, Inc. are actively involved in the development of both biodegradable and non-biodegradable bio-plastics, leveraging advanced polymerization techniques to create eco-friendly alternatives to conventional plastics. Announcements include the commercialization of new bio-plastic grades for various applications.
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global bio-plastic technology by application, technology, and region as follows:
Technology Readiness by Technology Type
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology Type
Trends and Forecasts by Technology Type [$M shipment analysis from 2018 to 2030]:
- Biodegradable
- Non-Biodegradable
Technology Trends and Forecasts by Application [$M shipment analysis from 2018 to 2030]:
-
Packaging
- Biodegradable
- Non-Biodegradable
-
Textile
- Biodegradable
- Non-Biodegradable
-
Agriculture and Horticulture
- Biodegradable
- Non-Biodegradable
-
Automotive
- Biodegradable
- Non-Biodegradable
-
Electronics
- Biodegradable
- Non-Biodegradable
-
Building and Construction
- Biodegradable
- Non-Biodegradable
-
Other
- Biodegradable
- Non-Biodegradable
Technology Trends and Forecasts by Region [$M shipment analysis for 2018 to 2030]:
-
North America
- United States
- Canada
- Mexico
-
Europe
- United Kingdom
- Germany
- France
-
Asia Pacific
- Japan
- China
- South Korea
- India
- The Rest of the World
Latest Developments and Innovations in the Bio-plastic Technologies
Companies / Ecosystems
Strategic Opportunities by Technology Type
Some of the bio-plastic companies profiled in this report include NatureWorks, BASF, Total Corbion PLA, Mitsubishi Chemical, Biome Bioplastics, Plantic Technologies, Bio-On, Danimer Scientific, Novamont, and Toray Industries.
Below are the latest technological developments from top companies in the bio-plastic market:
- NatureWorks LLC announces the launch of a new biodegradable bio-plastic formulation derived from renewable resources like corn starch, offering enhanced composability and environmental sustainability.
- Novamont S.p.A. unveils a breakthrough biodegradable bio-plastic material synthesized from biomass sources, showcasing improved biodegradation rates and environmental performance compared to traditional plastics.
- Braskem S.A. introduces a new non-biodegradable bio-plastic resin derived from sugarcane ethanol, offering high durability and versatility for various packaging and product applications.
- Mitsubishi Chemical Corporation announces the development of a novel non-biodegradable bio-plastic polymer with superior mechanical properties and heat resistance, expanding the range of applications for sustainable plastic materials.
Q.1 What are some of the most promising and high-growth technology opportunities for the bio-plastic market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in bio-plastic market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in bio-plastic market?
Q.6 What are the latest developments in bio-plastic technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this bio-plastic market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this bio-plastic technology space?
Table of Contents
1. Executive Summary 2. Technology Landscape 2.1. Technology Background and Evolution 2.2. Technology and Application Mapping 2.3. Supply Chain
3. Technology Readiness 3.1. Technology Commercialization and Readiness 3.2. Drivers and Challenges in Bio-plastic Technologies 3.3. Competitive Intensity 3.4. Regulatory Compliance
4. Technology Trends and Forecasts analysis from 2018-2030 4.1. Bio-plastic Opportunity 4.2. Technology Trends (2018-2023) and Forecasts (2024-2030)
5. Technology Opportunities (2018-2030) by Region 5.1. Bio-plastic Market by Region
6. Latest Development and Innovation in Bio-plastic Technologies 7. Companies / Ecosystem 7.1. Product Portfolio Analysis 7.2. Market Share Analysis 7.3. Geographical Reach
8. Strategic Implications 8.1. Implications 8.2. Growth Opportunity Analysis
9. Company Profiles of Leading Players 9.1. NatureWorks 9.2. BASF 9.3. Total Corbion PLA 9.4. Mitsubishi Chemical 9.5. Biome Bioplastics 9.6. Plantic Technologies 9.7. Bio-On 9.8. Danimer Scientific 9.9. Novamont 9.10. Toray Industries
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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