Middle East and Africa Bioplastics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Biodegradable and Non-Biodegradable) and Application (Packaging, Agriculture, Consumer Goods, Automotive & Transportation, Textiles, Building & Construction, and Others)
The bioplastics market in the MEA is expected to grow from US$ 229.35 million in 2021 to US$ 484.60 million by 2028; it is estimated to grow at a CAGR of 11.3% from 2021 to 2028.
To gain more consumer traction and increase market share, key players are investing heavily in the research and development of bioplastics. A rise in the popularity of bioplastics has motivated manufacturers to escalate production volumes and invest significantly in research and development. Their investments revolve around developing new, biodegradable polymer blends, and creating greater bioplastic strength and flexibility. Innovations in biopolymers focus on biopolymer composition and structure. For example, Lotte Chemical produces biodegradable block-copolymer for application in orthopedic devices, and BASF manufactures biodegradable graft polymers for use in washing and cleaning products. Further, Teijin Limited offers formable gasoline-resistant film products of PLANEXT bioplastic to replace chrome plating. The company's innovative film is developed using special metal-evaporation technology from a processing-manufacturer partner. This new film is produced with PLANEXT SN4600, an enhanced grade of Teijin's PLANEXT bioplastic, which is produced from bio-origin isosorbide. In addition to original PLANEXT properties—such as chemical resistance, transparency, and surface hardness—polymer reformation imparts significant new properties to PLANEXT SN4600, including gasoline resistance, formability, and UV resistance. Thus, the growing focus on innovations and technology advancements is the key trend predicted to propel the bioplastics market during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA bioplastics market at a notable CAGR during the forecast period.
MEA Bioplastics Market Revenue and Forecast to 2028 (US$ Million)
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MEA Bioplastics Market Segmentation
MEA bioplastics market is segmented into type, application, and country. Based on type, the market is segmented into biodegradable and non-biodegradable. The biodegradable segment held the larger market share in 2020. Based on application, the MEA bioplastics market has been divided into packaging, agriculture, consumer goods, automotive & transportation, textiles, building & construction, and others. The packaging segment held the largest market share in 2020. Based on country, the MEA bioplastics market is segmented into South Africa, Saudi Arabia, UAE, and rest of MEA. Furthermore, Basf SE; Biome Bioplastics; Braskem S.A.; Sabic; Teijin Limited; Toray Industries, Inc.; and Total Corbion PLA are among the leading companies in the MEA bioplastics market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country-Level Data
4. MEA Bioplastics Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Bioplastics Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Various Application Scope of Bioplastics
5.1.2 Packaging Industry Raising the Demand for Eco-Friendly Plastics
5.2 Market Restraints
5.2.1 Higher Prices and Shorter Lifetime of Bioplastics than Traditional Plastics
5.3 Market Opportunities
5.3.1 Traditional Plastic Use Facing Stringent Government Laws & Regulations
5.4 Future Trends
5.4.1 Increasing Focus on Innovations and Technology Advancement
5.5 Impact Analysis of Drivers and Restraints
6. Bioplastics Market– MEA Analysis
6.1 Market Overview
6.2 MEA Bioplastics Market –Revenue and Forecast To 2028 (US$ Million)
7. MEA Bioplastics Market Analysis – By Type
7.1 Overview
7.2 MEA Bioplastics Market Breakdown, by Type, 2020 & 2028
7.3 Biodegradable
7.3.1 Overview
7.3.2 Biodegradable: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Non-Biodegradable
7.4.1 Overview
7.4.2 Non-Biodegradable: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8. MEA Bioplastics Market Analysis – By Application
8.1 Overview
8.2 MEA Bioplastics Market Breakdown, by Application, 2020 & 2028
8.3 Packaging
8.3.1 Overview
8.3.2 Packaging: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Agriculture
8.4.1 Overview
8.4.2 Agriculture: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Consumer Goods
8.5.1 Overview
8.5.2 Consumer Goods: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Automotive and Transportation
8.6.1 Overview
8.6.2 Automotive and Transportation: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Textiles
8.7.1 Overview
8.7.2 Textiles: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Building and Construction
8.8.1 Overview
8.8.2 Building and Construction: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
9. MEA Bioplastics Market –Country Analysis
9.1 Overview
9.1.1 MEA: Bioplastics Market, by Key Country
9.1.1.1 South Africa: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Bioplastics Market, By Type
9.1.1.1.2 South Africa: Bioplastics Market, by Application
9.1.1.2 Saudi Arabia: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Bioplastics Market, By Type
9.1.1.2.2 Saudi Arabia: Bioplastics Market, by Application
9.1.1.3 UAE: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Bioplastics Market, By Type
9.1.1.3.2 UAE: Bioplastics Market, by Application
9.1.1.4 Rest of MEA: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Bioplastics Market, By Type
9.1.1.4.2 Rest of MEA: Bioplastics Market, by Application
10. Company Profiles
10.1 Teijin Limited
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 TORAY INDUSTRIES, INC.
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 SABIC
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 BASF SE
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Total Corbion PLA
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Braskem S.A.
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Biome Bioplastics
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Word Index
LIST OF TABLES
Table 1. MEA Bioplastics Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. South Africa Bioplastics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia Bioplastics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE Bioplastics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA Bioplastics Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Bioplastics Market Segmentation
Figure 2. MEA Bioplastics Market Segmentation – By Country
Figure 3. MEA Bioplastics Market Overview
Figure 4. Biodegradable Segment Held Largest Share of MEA Bioplastics Market
Figure 5. Rest of MEA Held Largest Share of MEA Bioplastics Market
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem: MEA Bioplastics Market
Figure 8. Expert Opinion
Figure 9. MEA Bioplastics Market Impact Analysis of Drivers and Restraints
Figure 10. MEA Bioplastics Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. MEA Bioplastics Market Breakdown, by Type, 2020 & 2028
Figure 12. MEA Biodegradable: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Non-Biodegradable: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Bioplastics Market Breakdown, by Application, 2020 & 2028
Figure 15. MEA Packaging: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Agriculture: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Consumer Goods: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Automotive and Transportation: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Textiles: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Building and Construction: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA Others: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA: Bioplastics Market Revenue Share, by Key Country (2020 and 2028)
Figure 24. South Africa: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Saudi Arabia: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. UAE: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of MEA: Bioplastics Market –Revenue and Forecast to 2028 (US$ Million)
- Basf SE
- Biome Bioplastics
- Braskem S.A.
- Mitsubishi Chemical Corporation
- Sabic; Teijin Limited
- Toray Industries, Inc.
- Total Corbion PLA
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA bioplastics market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA bioplastics market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the bioplastics market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution