Fiber optic connectors are a substantial fragment of the global telecommunication industry. Optical fibers are joined using fiber optic connectors, which allow the light conduction between two consecutive optical fibers. An additional im…
This study analyzes the world bioplastic industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by product (e.g., starch-based resins, polylactic acid, polyester bioplastics, PHAs, bio-based polyethylene, biobased polyamides), market (e.g., containers, packaging film, loose-fill, bags, foodservice disposables, agriculture, automotive and electronics), world region and major country. The study also considers market environment factors, details industry structure, evaluates company market share and profiles industry players.
World demand to skyrocket 19% annually through 2017
Global demand for biobased and biodegradable plastics will rise 19 percent per year to 950,000 metric tons in 2017. The bioplastics industry, while still in the emerging growth phase, has established itself as a fixture in a number of commercial markets and applications. Robust growth in demand is expected in virtually all geographic markets, stimulated by consumer preferences for sustainable materials, the increased adoption of bioplastics by plastic processors and compounders, and new product development that expands the range of uses for bioplastics.
Despite the rapid increase in demand, bioplastics are still expected to account for less than one percent of the overall plastic resin market in 2022. The success of the bioplastics industry will ultimately depend on price and performance considerations, and large scale conversion to bioplastics will not occur until price parity with conventional plastic resins is achieved.
Biobased commodity resins to post fastest growth
Starch-based resins and polylactic acid (PLA) will remain the leading bioplastic products through 2017, combining to account for over 60 percent of demand. For starch-based resins, advances will be bolstered by increased regulation of conventional plastic products, particularly plastic bags, as governments around the world continue to promote sustainability PLA demand will benefit from the development of resins and compounds with enhanced performance for more durable applications such as fibers, automotive parts, and electronic parts.
The most rapid gains in demand, however, are expected for biobased commodity resins such as polyethylene and polypropylene, which are just beginning to enter the commercial market. The rapid adoption of these bioplastics will be fueled by their ability to be used as a “drop-in” for existing applications, as well as an increased focus on biobased content rather than biodegradability as a desired attribute. By 2022, biobased polyethylene terephthalate (PET) is also expected to become available in commercial quantities and begin to penetrate the beverage container market.
Brazil to become leading global producer
Western Europe was the largest regional consumer of bioplastics in 2012, accounting for over half of global demand. The region will see strong gains through 2017 as well, bolstered by added regulations and incentives that favor bioplastics over conventional resins. North American demand is expected to more than double, driven by rising consumption of PLA and biobased commodity resins. Advances in the Asia/Pacific region will be fueled by robust growth in China, which has become a major consumer of bioplastic resins used to produce manufactured goods for export.
World bioplastics production used to be concentrated in the US and Western Europe. This began to change in 2012 as production of biobased polyethylene came online in Brazil, and the addition of future capacity will likely make the country the world’s leading producer of bioplastics by 2022. Furthermore, China and Thailand are expected to become some of the top world bioplastics producers.
Profiles for 34 global competitors such as Arkema, BASF, Braskem, Corbion, NatureWorks, Novamont, Purac and Rodenburg Biopolymers
This report covers the world market for bioplastics by product type (e.g., starch-based resins, polylactic acid, biobased polyethylene, polyester bioplastics, biobased polyamides) and market (packaging and nonpackaging). Historical data from 2002, 2007, and 2012 and forecasts for 2017 and 2022 are provided in metric tons unless otherwise indicated. The term “demand” is used synonymously with “sales” and/or “apparent consumption.” Demand is presented at the manufacturers’ level. Production is defined as demand plus exports minus imports, and includes recycled products. Tabular details may not add to totals due to independent rounding, and ratios may be rounded for the sake of clarity. Corporate figures presented in Section VIII, “Industry Structure,” represent estimates based on the best available information at the time of writing. Sources include annual reports, SEC 10-K reports, securities analyst reports, corporate literature, and interviews with industry competitors and participants.
Bioplastics are defined as plastic resins which are either biodegradable or derived from plant-based raw materials. Only base plastic resins are included in demand totals; coatings, adhesives, composites, compounds, and finished products are not considered. Oxo-biodegradable plastics, which use additives to promote biodegradation, are not covered within the scope of this study because they are not accepted as fully biodegradable by international standards and they are not able to compost satisfactorily in actively managed compost facilities.
For biobased resins, it should also be noted that only plastics which are derived entirely from biobased raw materials are included in the demand totals. There are a number of partially biobased plastics on the commercial market which are excluded for the purposes of this study. This primarily includes plastics which are produced from multiple monomers, but only one monomer is plant-based, while the others are petrochemical-based. These include polyesters such as DuPont’s SORONA polytrimethylene terephthalate and all currently available versions of biobased polyethylene terephthalate (including Coca- Cola’s PLANTBOTTLE soft drink containers), as well as certain polyamides such as DSM’s ECOPAXX polyamide 4,10.