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Bioplastic Composites Market Size, Share, Growth | Forecast 2031

Bioplastic Composites Market

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Segments - by Types (Natural Polymers and Synthetic Polymers), Fiber Types (Wood Fiber Composites and Non-wood Fiber Composites), Applications (Transportation, Electrical & Electronics, Building & Construction, Aerospace & Defense, Consumer Goods, and Others), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031.

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Riddhesh Dani

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Report Description

Bioplastic Composites Market Outlook 2031

The global bioplastic composites market size was valued at USD 33.33 Billion in 2022 and is projected to reach USD 81.86 Billion by 2031, expanding at a CAGR of 10.5% during the forecast period 2023 - 2031. The growth of the market is attributed to the increasing demand for packaging in various industry verticals.

Bioplastic composites are materials that are derived from renewable feedstock such as corn, sugarcane, and cellulose. These composites are sustainable materials that possess the potential to reduce significant amount of carbon dioxide emissions.

Bioplastics are utilized in several industries, including packaging, flexible packaging, textiles, consumer goods, agriculture, construction, electrical, and electronics. Governments across the globe are adopting favourable regulations and policies to promote sustainability and biodegradability of bioplastics composites.

The eco-friendly nature of the bioplastic composites and abundant availability of renewable raw material sources are driving the growth of the market. Rising consumer awareness about the use of bioplastic composites is expected to spur the demand for eco-friendly products. Government state bodies in Asia-Pacific have imposed various policies that encourages the use of bioplastic composites, which fuel the growth of the bioplastic composites market.

Bioplastic Composites Market Trends, Drivers, Restraints, and Opportunities

High consumer acceptance of bioplastic composites and stringent government policies that favor the use of bioplastics composites are encouraging various industries to use bioplastic composites, fuelling the bioplastic composites market growth.
Increasing corporate social responsibility(CSR), declining dependency on petroleum resources for the production of polymers, and rising R&D activities to develop advanced bioplastic composites are anticipated to provide lucrative opportunities for the bioplastic composites market growth.
Easy availability of raw materials has reduced the prices of the same, boosting the growth of the market
High cost and limited benefits of bioplastic composites as compared to synthetics composites can serve as major hindrance to the bioplastic composites market.

Scope of Bioplastic Composites Market Report

The report on the global bioplastic composites market research report includes an assessment of the market, trends, segments, and regional markets.

Attributes	Details
Report Title	Bioplastic Composites Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Natural Polymers and Synthetic Polymers), Fiber Types (Wood Fiber Composites and Non-wood Fiber Composites), Applications (Transportation, Electrical & Electronics, Building & Construction, Aerospace & Defense, Consumer Goods, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Arkema, Mitsubishi Plastics, Huntsman Corporation, BASF, Toray Industries, Natureworks, Corbion, DowDupont, Solvay, and Braskem

Global Smart Bioplastic Composite Market Segment Insights

Natural Polymers to hold a large market share

In terms of types, the bioplastic composites market share is bifurcated into natural polymers and synthetic polymers. The natural polymers segment is anticipated to account for a large market share in the bioplastic composites market. Natural polymers improve various properties of bioplastics, including stiffness and thermal behavior. They reduce the price of the bioplastics and enhances recyclability properties of the bioplastic composites. Thus, such characteristics of natural polymers are driving the segment growth.

Wood fibre to account a significant market share

Based on fiber types, the bioplastic composites market share is divided into wood fiber composites and non-wood fiber composites. The wood fiber segment to account for a significant market share in the bioplastic composites market. High strength & stiffness of the wood fiber composites are driving the segment growth.

Growing demand for wood fibers as a replacement of fossil fuel-based synthetic materials and cotton owing to low consumption of water and agrochemicals in the production process is spurring the wood fiber segment.

Transportation segment to play a key role in the market

On the basis of applications, the bioplastic composites market is classified as transportation, electrical & electronics, building & construction, aerospace & defense, consumer goods, and others.

The transportation segment to hold a key share in the bioplastic composites market. Increasing demand for bioplastic composites for manufacturing of automotive parts is spurring the segment growth. The automotive parts such as fuel pipes and under the hood parts are made up of bio-based polymers such as polyamides.

Polycarbonates and bioplastic composites are usually used for producing automotive parts, with help of wood, flax and hemp. Therefore, the growing adoption of bioplastic composites in the transportation sector is driving the bioplastic composites market.

North America to hold a major market share

Based on regions, the bioplastic composites market share is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to hold a largest share in the bio plastic composites market during the forecast period. Stringent regulations and policies adoption by state government bodies and rising consumption of polylactic acid (PLA) and bio-based commodities are driving the regional market growth.

The Unites States Department of Agriculture (USDA) is providing certification to various bio-based product label. This initiative to certify products increases adoption of bio-based products.

In December, 2015 the United States Food and Drug Administration (FDA) amended the Federal Food, Drug and Cosmetic Act (FD&C Act) by implementing Microbead-Free Waters Act, which curtails the manufacturing, packaging, and distribution of rinse-off cosmetics containing plastic micro beads. Thus, such initiatives are boosting the growth of the market in the region.

Segments

The global smart refrigerator market has been segmented on the basis of

Types

Natural polymers
Synthetic polymers

Fiber Types

Wood fibre Composites
Non-wood fiber Composites

Applications

Transportation
Electrical & Electronics
Building & Construction
Aerospace & Construction
Consumer Goods

Regions

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Online

Key Players

Arkema
Mitsubishi Plastics
Huntsman
BASF
Toray Industries
Natureworks
Corbion
DowDupont
Solvay
Braskem

Competitive Landscape

The key players operating in the market include Arkema, Mitsubishi Plastics, Huntsman Corporation, BASF, Toray Industries, Natureworks, Corbion, DowDupont, Solvay, and Braskem.

Companies are focusing on expanding their product portfolio to cater to the demand across various industries.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bioplastic Composites Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Bioplastic Composites Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Bioplastic Composites Market - Supply Chain
  4.5. Global Bioplastic Composites Market Forecast
     4.5.1. Bioplastic Composites Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Bioplastic Composites Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Bioplastic Composites Market Absolute $ Opportunity
5. Global Bioplastic Composites Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Bioplastic Composites Market Size and Volume Forecast by Types
     5.3.1. Natural polymers
     5.3.2. Synthetic polymers
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Bioplastic Composites Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Bioplastic Composites Market Size and Volume Forecast by Applications
     6.3.1. Transportation
     6.3.2. Electrical & Electronics
     6.3.3. Building & Construction
     6.3.4. Aerospace & Construction
     6.3.5. Consumer Goods
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Bioplastic Composites Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Bioplastic Composites Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Bioplastic Composites Demand Share Forecast, 2019-2026
8. North America Bioplastic Composites Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Bioplastic Composites Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Bioplastic Composites Market Size and Volume Forecast by Types
     8.4.1. Natural polymers
     8.4.2. Synthetic polymers
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Bioplastic Composites Market Size and Volume Forecast by Applications
     8.7.1. Transportation
     8.7.2. Electrical & Electronics
     8.7.3. Building & Construction
     8.7.4. Aerospace & Construction
     8.7.5. Consumer Goods
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Bioplastic Composites Demand Share Forecast, 2019-2026
9. Latin America Bioplastic Composites Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Bioplastic Composites Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Bioplastic Composites Market Size and Volume Forecast by Types
     9.4.1. Natural polymers
     9.4.2. Synthetic polymers
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Bioplastic Composites Market Size and Volume Forecast by Applications
     9.7.1. Transportation
     9.7.2. Electrical & Electronics
     9.7.3. Building & Construction
     9.7.4. Aerospace & Construction
     9.7.5. Consumer Goods
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Bioplastic Composites Demand Share Forecast, 2019-2026
10. Europe Bioplastic Composites Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Bioplastic Composites Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Bioplastic Composites Market Size and Volume Forecast by Types
     10.4.1. Natural polymers
     10.4.2. Synthetic polymers
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Bioplastic Composites Market Size and Volume Forecast by Applications
     10.7.1. Transportation
     10.7.2. Electrical & Electronics
     10.7.3. Building & Construction
     10.7.4. Aerospace & Construction
     10.7.5. Consumer Goods
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Bioplastic Composites Demand Share Forecast, 2019-2026
11. Asia Pacific Bioplastic Composites Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Bioplastic Composites Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Bioplastic Composites Market Size and Volume Forecast by Types
     11.4.1. Natural polymers
     11.4.2. Synthetic polymers
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Bioplastic Composites Market Size and Volume Forecast by Applications
     11.7.1. Transportation
     11.7.2. Electrical & Electronics
     11.7.3. Building & Construction
     11.7.4. Aerospace & Construction
     11.7.5. Consumer Goods
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Bioplastic Composites Demand Share Forecast, 2019-2026
12. Middle East & Africa Bioplastic Composites Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Bioplastic Composites Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Bioplastic Composites Market Size and Volume Forecast by Types
     12.4.1. Natural polymers
     12.4.2. Synthetic polymers
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Bioplastic Composites Market Size and Volume Forecast by Applications
     12.7.1. Transportation
     12.7.2. Electrical & Electronics
     12.7.3. Building & Construction
     12.7.4. Aerospace & Construction
     12.7.5. Consumer Goods
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Bioplastic Composites Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Bioplastic Composites Market: Market Share Analysis
  13.2. Bioplastic Composites Distributors and Customers
  13.3. Bioplastic Composites Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Arkema
     13.4.2. Mitsubishi Plastics
     13.4.3. Huntsman
     13.4.4. BASF
     13.4.5. Toray Industries
     13.4.6. Natureworks
     13.4.7. Corbion
     13.4.8. DowDupont
     13.4.9. Solvay
     13.4.10. Braskem

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