Global Organic Recycling of Bio-based Plastics Market Size Study, by Source (Plastic Bottles, Plastic Films), by Application (Building & Construction, Packaging), and Regional Forecasts 2022-2032

Description

The Global Organic Recycling of Bio-based Plastics Market, valued at approximately USD 2.2 billion in 2023, is poised to witness a substantial growth trajectory, achieving a robust CAGR of 10.1% during the forecast period of 2024-2032. The organic recycling of bio-based plastics represents an innovative and sustainable approach to addressing the environmental challenges posed by plastic waste. By converting discarded bio-based plastics into valuable resources, this market segment is revolutionizing waste management practices while driving the global shift toward circular economies.

The surge in packaging and construction industries' reliance on bio-based plastics has amplified the demand for effective recycling methodologies. Plastic bottles and films, as prominent sources of recyclable materials, are driving advancements in recycling technologies, ensuring efficient processing and resource optimization. Additionally, the rising consumer awareness about environmental conservation is compelling industries to adopt sustainable practices, thereby accelerating the adoption of organic recycling methods.

However, the market faces challenges, including the high initial investment required for establishing recycling infrastructure and the complexities associated with sorting and processing mixed bio-based plastics. Despite these obstacles, continuous advancements in recycling technologies, coupled with government initiatives promoting sustainable waste management, are expected to pave the way for market expansion. Innovations such as enzymatic recycling processes and integrated recycling systems are anticipated to unlock new growth opportunities, driving the market's upward trajectory.

Regionally, Europe leads the market due to stringent environmental regulations and widespread adoption of sustainable practices in waste management. North America closely follows, driven by technological advancements and increasing investments in green initiatives. The Asia-Pacific region is expected to exhibit the fastest growth, fueled by rapid industrialization, expanding packaging sectors, and increasing governmental emphasis on environmental sustainability.

Major market players included in this report are:

BASF SE
NatureWorks LLC
Total Corbion PLA
Danimer Scientific
Futerro
Novamont S.p.A.
Biome Bioplastics Limited
Green Dot Bioplastics
Toray Industries, Inc.
Mitsubishi Chemical Corporation
PTT Global Chemical Public Company Limited
Eastman Chemical Company
Avantium N.V.
Yield10 Bioscience, Inc.
Kuraray Co., Ltd.

The detailed segments and sub-segment of the market are explained below:

By Source:

Plastic Bottles
Plastic Films

By Application:

Building & Construction
Packaging

By Region: North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year: 2022
Base year: 2023
Forecast period: 2024 to 2032

Key Takeaways:

Comprehensive market estimates and forecasts spanning a decade.
Granular analysis of regional and segment-specific trends.
Examination of competitive dynamics and major players' strategies.
Insights into emerging market opportunities and challenges.
Strategic recommendations for market participants to optimize growth potential in a dynamic landscape.

Chapter 1. Global Organic Recycling of Bio-based Plastics Market Executive Summary

1.1. Global Organic Recycling of Bio-based Plastics Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Source
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Organic Recycling of Bio-based Plastics Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Organic Recycling of Bio-based Plastics Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Sustainable Waste Management Solutions
- 3.1.2. Advancements in Recycling Technologies
- 3.1.3. Growing Environmental Awareness and Regulatory Support
3.2. Market Challenges
- 3.2.1. High Initial Investment Costs
- 3.2.2. Complexities in Sorting and Processing Mixed Bio-based Plastics
3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Markets
- 3.3.2. Development of Eco-Friendly Recycling Alternatives
- 3.3.3. Innovation in Recycling Processes and Systems

Chapter 4. Global Organic Recycling of Bio-based Plastics Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Organic Recycling of Bio-based Plastics Market Size & Forecasts by Source 2022-2032

5.1. Segment Dashboard
5.2. Global Organic Recycling of Bio-based Plastics Market: Source Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Plastic Bottles
- 5.2.2. Plastic Films

Chapter 6. Global Organic Recycling of Bio-based Plastics Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Organic Recycling of Bio-based Plastics Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Building & Construction
- 6.2.2. Packaging

Chapter 7. Global Organic Recycling of Bio-based Plastics Market Size & Forecasts by Region 2022-2032

7.1. North America Organic Recycling of Bio-based Plastics Market
- 7.1.1. U.S. Organic Recycling of Bio-based Plastics Market
  - 7.1.1.1. Source Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Organic Recycling of Bio-based Plastics Market
  - 7.1.2.1. Source Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.2. Application Breakdown Size & Forecasts, 2022-2032
7.2. Europe Organic Recycling of Bio-based Plastics Market
- 7.2.1. UK Organic Recycling of Bio-based Plastics Market
- 7.2.2. Germany Organic Recycling of Bio-based Plastics Market
- 7.2.3. France Organic Recycling of Bio-based Plastics Market
- 7.2.4. Spain Organic Recycling of Bio-based Plastics Market
- 7.2.5. Italy Organic Recycling of Bio-based Plastics Market
- 7.2.6. Rest of Europe Organic Recycling of Bio-based Plastics Market
7.3. Asia Pacific Organic Recycling of Bio-based Plastics Market
- 7.3.1. China Organic Recycling of Bio-based Plastics Market
- 7.3.2. India Organic Recycling of Bio-based Plastics Market
- 7.3.3. Japan Organic Recycling of Bio-based Plastics Market
- 7.3.4. Australia Organic Recycling of Bio-based Plastics Market
- 7.3.5. South Korea Organic Recycling of Bio-based Plastics Market
- 7.3.6. Rest of Asia Pacific Organic Recycling of Bio-based Plastics Market
7.4. Latin America Organic Recycling of Bio-based Plastics Market
- 7.4.1. Brazil Organic Recycling of Bio-based Plastics Market
- 7.4.2. Mexico Organic Recycling of Bio-based Plastics Market
- 7.4.3. Rest of Latin America Organic Recycling of Bio-based Plastics Market
7.5. Middle East & Africa Organic Recycling of Bio-based Plastics Market
- 7.5.1. Saudi Arabia Organic Recycling of Bio-based Plastics Market
- 7.5.2. South Africa Organic Recycling of Bio-based Plastics Market
- 7.5.3. Rest of Middle East & Africa Organic Recycling of Bio-based Plastics Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. NatureWorks LLC
- 8.1.3. Total Corbion PLA
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. NatureWorks LLC
- 8.3.3. Total Corbion PLA
- 8.3.4. Danimer Scientific
- 8.3.5. Futerro
- 8.3.6. Novamont S.p.A.
- 8.3.7. Biome Bioplastics Limited
- 8.3.8. Green Dot Bioplastics
- 8.3.9. Toray Industries, Inc.
- 8.3.10. Mitsubishi Chemical Corporation
- 8.3.11. PTT Global Chemical Public Company Limited
- 8.3.12. Eastman Chemical Company
- 8.3.13. Avantium N.V.
- 8.3.14. Yield10 Bioscience, Inc.
- 8.3.15. Kuraray Co., Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes