North America 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)       

Code: TIPRE00029082 | Pages: 106 | Industry: Chemicals and Materials | Date: May 2022
Covid

The bioplastics market in North America is expected to grow from US$ 1,362.60 million in 2021 to US$ 3,289.26 million by 2028; it is estimated to grow at a CAGR of 13.4% from 2021 to 2028.

 

The US, Canada, and Mexico are major economies in North America. Bioplastics are gaining popularity in various applications worldwide. In the biomedical industry, they are used in skin replacement procedures for treating burns and wounds. They are also being used in tissue engineering (as scaffolds), bone reconstruction, nerves and gum reconstruction, drug release systems, blood vessel growth, and stent covering. Furthermore, nontoxic biodegradable bioplastics sutures, commonly referred to as stitches, are being used by medical professionals in hospitals and surgeries. Pins, tacks, and screws used to assist bone healing and during reconstructive surgeries are made from bioplastics. Containers for tablets and creams can also be produced utilizing bioplastics. Besides, in the dental industry, bioplastics-based nanocellulose, produced from microbial cellulose by Glucanacetobacter xylinus strains, is used in dental tissue regeneration procedures in humans. Further, bioplastics have been an interesting exploration in the building & construction industry. However, builders and homeowners prefer using bioplastics for different products for fencing and decking. Bioplastics, such as natural fibers (composites) and biopolyamides (Bio-PA), PLA and PLA-based composite, polybutylene succinate (PBS), and bio-based polypropylene (Bio-PP), are also extensively used in the automotive sector. Bioplastics help reduce the weight of vehicles, fuel consumption, and CO2 emissions.

 

The electronics industry has made enormous strides in tackling its environmental impact, mainly by manufacturing more energy-efficient devices and designing more efficient recycling options for electronic waste. In recent years, the electronics industry has started to address issues regarding the sustainability of materials used in its products. Bioplastics, which have similar characteristics to traditional plastics, can be injection-molded without the need for any machinery modification. The handling of electronics items is more complex than normal packaging, and since plant-derived bioplastics are generally processed at a lower temperature than the temperature required in conventional products, they may face poor temperature resistance issues. However, with ongoing technological advancements related to enhancing temperature resistance, bioplastics are coming up as suitable alternatives for conventional materials used in numerous components produced by the electronics sector. Therefore, the wide application scope of bioplastics is expected to drive the North America 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 North America bioplastics market at a notable CAGR during the forecast period.

 

North America Bioplastics Market Revenue and Forecast to 2028 (US$ Million)

North America Bioplastics Market Revenue and Forecast to 2028 (US$ Million)

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North America Bioplastics Market Segmentation

 

The North America bioplastics market is segmented on the basis of type, application, and country. Based on type, the market is segmented into biodegradable and non-biodegradable.  The biodegradable segment held a larger market share in 2020. Based on application, the North America bioplastics market is segmented 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 North America bioplastics market is segmented into US, Canada, and Mexico. The US held the largest market share in 2020.

 

Basf SE; Biome Bioplastics; Braskem S.A.; Mitsubishi Chemical Corporation; Natureworks LLC; Sabic; Teijin Limited; Toray Industries, Inc.; and Total Corbion PLA are among the leading companies in the North America 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.           North America Bioplastics Market Landscape

4.1         Market Overview

4.2         Porter's Five Forces Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Bioplastics Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Bioplastics Having Various Uses

5.1.2        Increasing Demand for Eco-Friendly Plastics in the Packaging Industry

5.2         Market Restraints

5.2.1        Higher Prices and Shorter Lifetime of Bioplastics than Traditional Plastics

5.3         Market Opportunities

5.3.1        Strict Government Laws & Regulations on Traditional Plastic Use

5.4         Future Trends

5.4.1        Rising Focus on Innovations and Technology Advancement

5.5         Impact Analysis of Drivers and Restraints

6.           Bioplastics Market– North America Analysis

6.1         Market Overview

6.2         North America Bioplastics Market –Revenue and Forecast To 2028 (US$ Million)

7.           North America Bioplastics Market Analysis – By Type

7.1         Overview

7.2         North America 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.           North America Bioplastics Market Analysis – By Application

8.1         Overview

8.2         North America 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.           North America Bioplastics Market –Country Analysis

9.1         Overview

9.1.1        North America: Bioplastics Market, by Key Country

9.1.1.1          US: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          US: Bioplastics Market, by Type

9.1.1.1.2          US: Bioplastics Market, by Application

9.1.1.2          Canada: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          Canada: Bioplastics Market, by Type

9.1.1.2.2          Canada: Bioplastics Market, by Application

9.1.1.3          Mexico: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          Mexico: Bioplastics Market, by Type

9.1.1.3.2          Mexico: 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

10.8      Mitsubishi Chemical Corporation

10.8.1     Key Facts

10.8.2     Business Description

10.8.3     Products and Services

10.8.4     Financial Overview

10.8.5     SWOT Analysis

10.8.6     Key Developments

10.9      Natureworks LLC

10.9.1     Key Facts

10.9.2     Business Description

10.9.3     Products and Services

10.9.4     Financial Overview

10.9.5     SWOT Analysis

10.9.6     Key Developments

11.        Appendix

11.1      About The Insight Partners

11.2      Word Index

 


LIST OF TABLES

Table 1.             North America Bioplastics Market –Revenue and Forecast To 2028 (US$ Million)

Table 2.             US Bioplastics Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 3.             US Bioplastics Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 4.             Canada Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Mexico Bioplastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Mexico Bioplastics Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.             List of Abbreviation

 


LIST OF FIGURES

Figure 1.           North America Bioplastics Market Segmentation

Figure 2.           North America Bioplastics Market Segmentation – By Country

Figure 3.           North America Bioplastics Market Overview

Figure 4.           Biodegradable Segment Held Largest Share of North America Bioplastics Market

Figure 5.           US Held Largest Share of North America Bioplastics Market

Figure 6.           Porter's Five Forces Analysis

Figure 7.           Ecosystem: North America Bioplastics Market

Figure 8.           Expert Opinion

Figure 9.           North America Bioplastics Market Impact Analysis of Drivers and Restraints

Figure 10.        North America Bioplastics Market – Revenue and Forecast To 2028 (US$ Million)

Figure 11.        North America Bioplastics Market Breakdown, by Type, 2020 & 2028

Figure 12.        North America Biodegradable: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        North America Non-Biodegradable: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America Bioplastics Market Breakdown, by Application, 2020 & 2028

Figure 15.        North America Packaging: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        North America Agriculture: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        North America Consumer Goods: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        North America Automotive and Transportation: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        North America Textiles: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        North America Building and Construction: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        North America Others: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        North America: Bioplastics Market, by Key Country – Revenue (2020) (US$ Million)

Figure 23.        North America: Bioplastics Market Revenue Share, by Key Country (2020 and 2028)

Figure 24.        US: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Canada: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Mexico: Bioplastics Market – Revenue and Forecast to 2028 (US$ Million)

  1. Basf SE
  2. Biome Bioplastics
  3. Braskem S.A.
  4. Mitsubishi Chemical Corporation
  5. Natureworks LLC
  6. Sabic; Teijin Limited
  7. Toray Industries, Inc.
  8. Total Corbion PLA
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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
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