Aug 11, 2022

Global plastics production was over 367 million metric tons in 2020 and consumption is forecast to double by 2050. Apart from the environmental problems associated with extracting the non-renewable resource, nearly 80 million tonnes of plastics end up in landfills. Bioplastics and biopolymers are a biodegradable and sustainable alternatives to fossil-based plastics. Polymeric biomaterials are biobased products that allow for greater product sustainability due to their biodegradability and renewability. Their use is attractive as bioplastics that biodegrade to CO2 and H2O mitigate the negative effects of standard plastic (litter and damage to aqua environments). Renewable feedstocks can be utilized instead of petroleum, thereby reducing global dependence on crude oil and lessening the impact on climate. The sky-rocketing price of petroleum coupled with government regulations and consumer global environmental concerns, and continued population growth is pushing the plastic industries towards sustainability. Growing government regulatory restrictions, consumers' desire and energy conservation are some of the key factors that drive research and product development towards renewable resource-based polymeric biomaterials. The performance of bioplastics is also improving and range of applications expanding. Bioplastics are defined as 'biobased and/or biodegradable plastics, a globally accepted definition. Not all bioplastics are biobased and if referring to the plastic problem of non-biodegradability, not all bioplastics are biodegradable. Biobased is based upon the carbon source while biodegradability upon chemical structure. These include: Plastics containing both petro-based and bio-based components, e.g. PET, not necessarily biodegradable. Biodegradable or compostable plastics derived from biobased materials, such as starch, cellulose, polylactides or polyhydroxyalkaboates. Biodegradable petroleum-based plastics, e.g. PBAT. Bioplastics producers have scaled up production considerably, with further expansion over the next few years. This report covers: Global production capacities, market demand, market drivers, trends and challenges. Analysis of biobased chemicals including: Bio-based adipic acid Lactide Polylactic acid (Bio-PLA) Analysis of naturally produced bio-based polymers including Polyhydroxyalkanoates (PHA) Algal and fungal based bioplastics and biopolymers. Market segmentation analysis. Markets analysed include packaging, consumer goods, automotive, building & construction, textiles, electronics, agriculture & horticulture. Market growth to 2033 in terms of consumption and producer capacities. Emerging technologies in synthetic and natural produced bioplastics and biopolymers. More than 300 companies profiled including products and production capacities. Companies profiled include major producers such as Arkema, Avantium, BASF, Borealis, Braskem, Cathay, Danimer Scientific, Indorama, Mitsubishi Chemicals, NatureWorks, Novamont, TotalEnergies Corbion and many more. Profiles include products and production capacities. Profiles of start-up producers and product developers including AMSilk GmbH, Notpla, Loliware, Bolt Threads, Ecovative, Kraig Biocraft Laboratories, Plantic, Spiber and many more. For more information about this report visit https://www.researchandmarkets.com/r/pf10fz Tags Contact Data CONTACT: ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.comFor E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900