#Market Analysis & Forecasts

2020-11-19

Global bioplastic market is estimated to account for US$ 215 Bn by the end Of 2027, says Coherent Market Insights (CMI)

A bioplastic material is a biological product made out of non-biological biomass sources, such as cellulose from wood. Unlike traditional plastics, bioplastic materials are made over many different processes. Some biodegradable bio-plastic may degrade within a 180 day period, provided the right environment exists. Other bioplastics degrade over a much longer period, however, and they require special processes to make them more eco-friendly.

The global bioplastic market is estimated to account for US$ 215 Bn in terms of value, growing at a CAGR of 25.8% during forecast period 2020-2027.

Market Drivers:

Growing environmental concerns is a prime factor driving market growth of bioplastic. Increasing demand for bio-based packaging materials from packaging industry is also projected to foster the market growth of bioplastic. Moreover, growing environmental pollution has encouraged key manufacturers to introduce bio-based plastic. Furthermore, rising health-related issues due to the burning of plastic is again expected to augment the market growth of the bioplastic.

The rise in the various manufacturing industries such as textile, agriculture, automotive & transportation, consumer goods, and building & construction has boosted the market growth. Bio plastic exhibit a unique and potential properties that helps in reducing Greenhouse Gas (GHG) emissions effectively. Moreover, increasing strict rules and regulation across countries such as Europe and the U.S. has also contributed to market growth. Additionally, increasing investment in the research and development in the field of bioplastics is further anticipated to accelerate market growth.

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Market Opportunities

Growing demand for the bioplastic packaging industry due to growing awareness regarding the benefits of bioplastic is projected to bring new market opportunities over the forecast period. According to the report from European Bioplastics, the packaging remains the largest field of application for bioplastics with almost 53 percent (1.14 million tons) of the total bio plastics market in 2019. Thus, growing demand for bio plastic from the packaging industry is projected to uplift the market growth of bio plastic.

Increasing production capacity of bio plastic around the globe in order to cater to rising demand from various end-user industries is projected to offer profitable market opportunities. For instance, in August 2018, Kaneka Corporation has announced its plan to expand a manufacturing facility of a biodegradable polymer. The production capacity will be about 5,000 tons per year with an investment amount of 2.5 billion yen. Kaneka Biodegradable Polymer PHBH”, is derived from 100% plants and has superior biodegradability

Market Trends

Single-use plastic ban across countries such as Europe, North America, and Asia has significantly supported the demand for bioplastic. For instance, recently the European parliament has approved a new ban on single-use plastic cutlery, cotton buds, straws, and stirrers as part of a sweeping law against plastic waste that despoils beaches and pollutes oceans. The members will implement rule include measure to reduce the use of plastic, by 2025, plastic bottles should be made of 25% recycled content, and by 2029 90% of them should be recycled.

The growing trend of using bioplastic for producing electronic device covers, semiconductor casings, connectors, and circuit boards is expected to supplement the market growth. This can be done by using injection molding and bioplastic can be also be used to develop games consoles, vacuum cleaners, touch screen computer casings, headphones, keyboards, loudspeakers, laptops, mobile phone casings, etc.

Competitive Landscape: ?

1. BASF SE ?

2. Braskem S.A.

3. Koninklijke DSM N.V.

4. Arkema S.A. ?

5. Innovia Films, Ltd. ?

6. Metabolix, Inc.

?7. NatureWorks, LLC ?

8. Novamont S.p. A. ?

9. The Dow Chemical Company

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textile.4U publishes special edition “Top 100 Textile Recycling Companies 2025”

With a comprehensive 176-page special edition, textile.4U is dedicating its latest issue entirely to one of the most dynamic and influential topics in today’s textile industry: textile recycling. The new issue, published exclusively in high-quality print, presents the Top 100 textile recycling companies researched and selected by TexData – organizations that already play a key role in the transition to circular textiles or are expected to have a significant impact in the near future.

Responsible Textile Recovery Act of 2024 signed by Governor

Senator Josh Newman (D-Fullerton) is proud to announce that Senate Bill 707 (SB 707), the Responsible Textile Recovery Act of 2024, has been signed into law by the Governor of California, Gavin Newsom. This groundbreaking legislation establishes the country’s first Extended Producer Responsibility (EPR) textile recycling program, marking a significant step forward in the state’s efforts to combat waste and promote sustainability.

Modtissimo promotes sustainability with 28 coordinates in the Green Circle

Modtissimo is proving more and more to be a textile and clothing show that delivers the latest innovations in the area of sustainability, with the iTechStyle Green Circle being the main showcase for companies' creations. In this 60+4 edition, taking place on 12 and 13 September, 28 coordinates will be exhibited in a section organised by CITEVE and curated by Paulo Gomes.

The EU and Egypt team up to mobilise private sector investments at Investment Conference and sign a Memorandum of Understanding underpinning €1 billion in macro-financial assistance for Egypt

At the EU-Egypt Investment Conference, co-organised by the EU and the Government of Egypt on 29-30 June, the EU and Egypt are teaming up to intensify private sector investments in Egypt. They are also signing a Memorandum of Understanding (MoU) for the disbursement to Egypt of up to €1 billion in Macro-Financial Assistance.

Fluff pulp market maintains steady growth

Despite being impacted by political and economic woes, the global fluff pulp market in 2024 will reach 7.3 million air dried tonnes with a value of $9.7 billion, according to a new Smithers produced study, The Future of Fluff Pulp to 2029. This is up from 6.2 million air dried tonnes valued at $5.5 billion in 2019.

Economic and geopolitical headwinds influence industrial nonwovens growth to 2029

The global consumption of industrial nonwovens in 2024 is 5.3 million tonnes or 83.4 billion square metres (m2), valued at $21.2 billion, according to The Future of Industrial Nonwovens to 2029 from Smithers. Growth rates for 2019-24 were 6.9% (tonnes), 6.9% (m2) and 6.7% ($). This reflects a recovery in some markets from Covid-19 as well as an adjustment to the Russian invasion of Ukraine in 2022 and its repercussions (inflation, energy supply/price, global economic growth reductions).

Jeanologia urges industry to accelerate PP Spray phase-out following ZDHC Watchlist update

Potassium permanganate has officially entered the Chemical Watchlist of the ZDHC Foundation, signaling increased scrutiny and potential phase-out of one of the most hazardous chemicals still used in denim finishing. The inclusion confirms an industry shift that Jeanologia anticipated more than a decade ago.

Circulose restarts commercial-scale production at Ortviken plant in Sundsvall

Circulose today announced the restart of its commercial-scale production plant at Ortviken in Sundsvall, Sweden, marking a significant step in scaling next-generation materials for the global fashion industry. The company plans to resume production of CIRCULOSE®, a recycled pulp made entirely from discarded cotton textiles, in the fourth quarter of 2026.

VIATT 2026 to debut German Pavilion, strengthening European participation alongside key Asian textile hubs

Vietnam’s textile and garment sector continues to be a major contributor to the country’s economic growth, with export revenues expected to reach USD 46 billion in 2025, a 5.6% increase from 2024 . From 26 – 28 February, the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) is set to contribute to economic growth opportunities by accelerating digital transformation and green transition across the entire textile value chain. The upcoming edition will respond to the rising demand for advanced technologies and sustainable materials with the introduction of the German Pavilion, alongside strong exhibitor participation from key Asian sectors, as well as several high-profile fringe events.