Press release
Green Revolution: Horticulture Bioplastics Market to Reach $10.34 Billion by 2030
The global horticulture bioplastic market is poised for significant growth, projected to expand from USD 4.62 billion in 2023 to USD 10.34 billion by 2030, reflecting a robust CAGR of 12.2% during the forecast period.This surge is driven by increasing environmental awareness and the demand for sustainable alternatives to traditional plastics in horticulture. Bioplastics, derived from renewable sources like plant starch and vegetable oils, offer eco-friendly solutions for various horticultural applications, including mulching, greenhouse films, and plant containers.
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✦ Horticulture Bioplastic Market Competitive Landscape
The horticulture bioplastic market is characterized by dynamic competition and innovation. Key players include BASF SE, Danimer Scientific, NatureWorks LLC, and Arkema SA, among others. These companies are investing in research and development to enhance bioplastic properties, such as UV resistance and biodegradability, to meet the evolving needs of the horticulture industry
✦ Horticulture Bioplastic Market Regional Demand Highlights
North America leads the market, with the United States at the forefront due to its strong presence of major bioplastic manufacturers and a well-established horticulture industry embracing sustainable practices. Europe follows, with countries like Germany, the Netherlands, and Spain promoting bioplastic usage in mulch films, plant pots, and packaging. Asia-Pacific is emerging as a key player, with countries like China, Japan, and India investing in bioplastics to address environmental challenges and meet the growing demand for eco-friendly products.
Growth Opportunities in Vietnam
Vietnam is witnessing a growing interest in bioplastics, driven by environmental concerns and government initiatives promoting sustainable agriculture. The country's expanding horticulture sector presents opportunities for bioplastic applications, particularly in greenhouse films and biodegradable plant containers.
Trends in Thailand
Thailand's focus on sustainable agriculture and waste reduction is propelling the adoption of bioplastics in horticulture. The government's support for eco-friendly practices and the country's robust agricultural base make it a promising market for bioplastic products.
Consolidation in Japan
Japan's advanced technological capabilities and commitment to environmental sustainability are fostering collaborations in the bioplastics sector. Companies are exploring strategic partnerships to develop innovative bioplastic solutions for horticulture, aligning with the country's goals for a greener future.
Updation in South Korea
South Korea is investing in research and development to enhance bioplastic properties for horticultural applications. The country's emphasis on innovation and environmental responsibility is driving the growth of bioplastics in its horticulture industry.
Opportunities in Singapore
Singapore's urban farming initiatives and commitment to sustainability are creating a conducive environment for bioplastics in horticulture. The government's support for green technologies and the city's focus on self-sufficiency in food production are key drivers.
Growth in the United States
The U.S. horticulture bioplastic market is expanding rapidly, supported by a strong manufacturing base and increasing consumer demand for sustainable products. Companies like NatureWorks LLC and Danimer Scientific are leading the way in developing bioplastics tailored for horticultural use.
Trends in China
China's efforts to combat plastic pollution and promote sustainable agriculture are boosting the bioplastics market. Government regulations and incentives are encouraging the adoption of biodegradable materials in horticulture, positioning China as a significant player in the global market.
Consolidation in Europe
Europe remains a dominant region in the bioplastics market, with strong regulatory frameworks and high consumer awareness driving growth. Countries like Germany, France, and Italy are leading contributors, supported by substantial funding for bioplastic research and stringent regulations on single-use plastics.
✦ Horticulture Bioplastic Market Recent Developments and Mergers
NatureWorks and Braskem are expanding their bioplastic product lines to meet the growing demand for sustainable horticultural products.
Danimer Scientific has announced partnerships to develop new bioplastic solutions, broadening its market reach.
Bayer is exploring strategic partnerships with startups in bioplastics to enhance its product offerings.
BASF and Toray Industries are collaborating on projects to innovate in the horticulture sector.
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✦ Horticulture Bioplastic Market Classifications
by Row Material
Starch-based bioplastics
Polylactic acid
Polyhydroxyalkanoates
Polybutylene adipate terephthalate
by Type
Bio Based
Petrochemical Based
by Application
Greenhouse films
Mulch films
Plant pots
Trays
Containers
Irrigation systems
by End-User
Professional horticulture growers
Nurseries
Landscaping companies
Home gardeners
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✦ The following companies are included in the market for Horticulture Bioplastic :
1. NatureWorks LLC (United States)
2. Danimer Scientific (United States)
3. Yield10 Bioscience, Inc. (United States)
4. Green Dot Bioplastics (United States)
5. Eco-Products, Inc. (United States)
6. Fkur Plastics Corp. (United States)
7. BASF SE (Germany)
8. Novamont S.p.A (Italy)
9. Biome Bioplastics Ltd (United Kingdom)
10. Total Corbion PLA (Netherlands)
11. Arkema S.A. (France)
12. Bio-On S.p.A (Italy)
13. FKuR Kunststoff GmbH (Germany)
14. Biobag International AS (Norway)
15. Plaxica Limited (United Kingdom)
16. Bio-Fed (Germany)
17. API SpA (Italy)
18. Bio4Pack BV (Netherlands)
19. Tianan Biologic Materials Co., Ltd. (China)
20. Kaneka Corporation (Japan)
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/horticulture-bioplastic-market/198340/
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