#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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“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.

“We need to move away from the price trap and return to a value-driven mindset.”

With its new Textile Innovation Center, KARL MAYER is sending a strong signal for innovation, collaboration, and the future of textile applications. In this interview, Karl Josef Mayer discusses new opportunities in warp knitting, the processing of staple fibres, recycling, the changing role of machinery manufacturers, and why the textile industry must once again focus more strongly on the value of textiles. by Oliver Schmidt

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Geopolitical uncertainty, growing competitive pressure from China, new free trade agreements and the shift towards a circular economy are currently reshaping the global textile industry. In this interview, Cornelia Buchwalder discusses the current mood within the Swiss textile machinery sector, the industry’s distinctive innovative strength, new market opportunities in India and Asia, and the technological trends that could shape the upcoming trade fair cycle leading up to ITMA 2027.

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).

KARL MAYER presents a textile TEXTRONIC® innovation at ITM 2026

With highly efficient machines and continuous textile innovations, KARL MAYER underscores its role as a reliable partner for discerning top-tier customers. Just in time for ITM 2026 in Istanbul, the industry leader is introducing a true innovation: an eyelash lace with its characteristic fringed look – combined with a previously unattainable 4-way stretch. While the established fabric could until now only be produced as rigid version or with one-dimensional stretch, the new elasticity in both dimensions expands the possibilities for cross-band panel fabrics.

DYNEEMA® and NP Aerospace advance personal protection for military servicewomen

Dyneema®, owned by Avient Corporation, an innovator of materials solutions, is supplying its high-performance unidirectional (UD) materials to world-leading armor manufacturer NP Aerospace, enabling the production of armor systems designed specifically to fit the female body. With 2,000 new armor systems, including 4,000 plates, made in the United Kingdom (UK) and delivered in June 2026, this collaboration addresses a long-standing lack of high-quality personal protection specially built for female defense and security personnel.

Textile Exchange publishes comprehensive polyester LCA study

Textile Exchange has released a new Life Cycle Assessment (LCA) study on polyester, providing detailed data on the environmental impacts of both virgin and recycled polyester production. The study aims to strengthen understanding across the fashion, textile and apparel industries and support more informed decision-making regarding polyester sourcing and production.