Asia-Pacific (APAC) bioplastics market is projected to witness a CAGR of 21.61% during the forecast period to reach a total market size of US$6.386 billion by 2023, increasing from US$1.974 billion in 2017. Favourable government policies regarding the use of bioplastics in APAC countries drive the growth of bioplastics market in the region. Growing production capacity by domestic Chinese bioplastic manufacturers to meet rising export demand as well as future domestic consumption will propel the growth of biolplastics market in the country. However, lack of composting facilities in APAC countries restrains the potential growth of biolplastics market in the region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the APAC bioplastics value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Major industry players profiled as part of the report are BASF, NatureWorks LLC, Corbion, Braskem, Novamont S.p.A., and Cardia Bioplastics.
Bio-based Biodegradable Bioplastic
Others (PBS, cellulose esters)
Bio-based Non-Biodegradable Bioplastic
Fossil-based Biodegradable Bioplastic
By End-Use Industry