Global Horticulture Bioplastic Market 2023: Future Demand, Market Analysis & Outlook To 2029

Market Overview:
The Horticulture Bioplastic Market was estimated at USD 7.1 billion in 2021 and is anticipated to reach USD 28.40 billion by 2028, growing at a CAGR of 21.90% globally.

Bioplastics, which are derived from renewable biomass sources like vegetable fats and oils, corn starch, straw, woodchips, and food waste, among others, offer an environmentally friendly alternative to traditional plastics made from fossil fuels. Some bioplastics are directly made from natural biopolymers such as starch, cellulose, chitosan, and proteins, while others are chemically synthesized from sugar derivatives and plant and animal lipids, or biologically produced through fermentation. For bioplastics to be widely adopted in horticulture and compete with traditional plastic products, manufacturers need to collaborate with consumers and suppliers.

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Market Dynamics:
Driver:
Researchers at Ecoembes' Circular Lab, an innovation centre focused on the circular economy, have successfully created a new type of plastic using fruit and vegetable waste. This innovative plastic is not only biobased but also possesses the qualities of being compostable, recyclable, and biodegradable at sea. It is anticipated that within the next five years, this eco-friendly plastic will receive approval for usage. The primary goal of the project was to develop biobased and compostable packaging, and now that the product has been successfully formulated in the laboratory, the next step involves obtaining industry approval and compliance certificates. If all goes well, we can expect to see plastic items derived from this breakthrough innovation entering the market within the next five years.

Opportunities:
Research is being driven by the environmental impact of large quantities of non-biodegradable waste, leading to the exploration of innovative biodegradable materials derived from natural sources like biomass, plants, and microorganisms. The advancements in bioplastics expected in the future could enhance manufacturing efficiency, expand their applications, and create new opportunities. With their long-term viability, the bioplastics market is projected to experience growth. Additionally, the field of microorganism biotechnology holds promise for bioplastic production, with potential applications across various industries such as agriculture, medicine, pharmaceuticals, and veterinary medicine.

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Key Chapter Will Be Provided In The Report
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

Analysis of the Top Market Players:
Players Covered In Horticulture Bioplastic Market are: BASF S.A. (Germany), Braskem (Brazil), Cardia Bioplastics (Australia), Novomant SPA (Italy), Metabolix Inc. (US), Innovia Films (UK), Biome Technologies Plc (UK), FKuR Kunststoff GmbH (Germany), Green Dot Bioplastics (US), Good Natured Products Inc. (Canada), Natureworks LLC (US), Corbion Purac (Netherlands), Purac (Netherlands) and other major players.

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Segmentation of the Horticulture Bioplastic Market:
By Type
• Bio based
• Petrochemical based

By Raw Material
• Polyesters
• Bio- Polyethylene
• Polylactic Acid
• Bio- Polyamide
• Bio- Polyethene Terephthalate
• Polyhydroxyalkanoates
• Starch Blends
• Others

Regional Analysis of Horticulture Bioplastic Market:
North America presently dominates the horticulture bioplastic industry, and this dominance is expected to remain in the next years. Government support and growing consumer health awareness are the key elements pushing the development of bioplastics. The presence of prominent manufacturers such as Metabolix, Inc. (US), Green Dot Bioplastics (US), Good Natured Products Inc. (Canada), Natureworks LLC (US), and others is accelerating the market's expansion over the projection period. To grow their business, the market's leading players have used methods such as R&D investment, innovations, and developments in the industry, new product releases, acquisitions, and mergers.
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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COVID-19 Impact Analysis on Horticulture Bioplastic Market
According to World Bank data, global GDP will have decreased by around 3.5 percent in 2020 as a result of the COVID-19 epidemic. By 2021, several countries' economies have begun to recover and have partially adjusted to pandemic constraints. Since the advent of the COVID-19 pandemic, all production, manufacturing, research, import-export, and other operations have come to a halt. The COVID-19 epidemic has resulted in severe economic, industrial, GDP, and, most significantly, human life losses, as well as the emergence of a hunger crisis among lower-income and daily wage laborers, who are unable to feed their families. The industry's processing and output were halted due to a decline in plastic manufacture. Many end-user industries, including transportation, industrial equipment, consumer items, automotive, electronics, and construction, were severely damaged. The COVID-19 epidemic prompted the installation of a lockdown, which reduced horticulture bioplastic production and disrupted the worldwide supply chain, lowering demand for the horticulture bioplastic market.

Table of Content:

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities By Segment
 3.1 By Type
 3.2 By Raw Material

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Horticulture Bioplastic Market by Type
 5.1 Horticulture Bioplastic Market Overview Snapshot and Growth Engine
 5.2 Horticulture Bioplastic Market Overview
 5.3 Bio based
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Bio based: Geographic Segmentation

Chapter 6: Horticulture Bioplastic Market by Raw Material
Chapter 7: Company Profiles and Competitive Analysis
Chapter 8: Global Horticulture Bioplastic Market Analysis, Insights and Forecast, 2016-2028
Chapter 9: North America Horticulture Bioplastic Market Analysis, Insights and Forecast, 2016-2028
Chapter 10: Europe Horticulture Bioplastic Market Analysis, Insights and Forecast, 2016-2028

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