Bioplastics for Agribusiness Market by Type, End-of-Life, Application

List of Tables

The Bioplastics for Agribusiness Market was valued at USD 2.48 billion in 2023, expected to reach USD 2.86 billion in 2024, and is projected to grow at a CAGR of 15.70%, to USD 6.88 billion by 2030.

The bioplastics market for agribusiness encompasses biodegradable and bio-based plastics derived from natural sources such as plants or other biological matter. These materials are primarily used as sustainable alternatives to traditional plastics in agricultural settings, addressing environmental concerns and waste management. The necessity of bioplastics arises due to growing environmental legislation, consumer awareness, and demand for eco-friendly solutions to mitigate the effects of conventional plastics on soil and ecosystem health. Applications in agribusiness include mulch films, plant pots, packaging, and controlled-release systems for fertilizers and pesticides. The end-use scope extends to farms, nurseries, greenhouses, and agrochemical packaging industries.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.48 billion
Estimated Year [2024]	USD 2.86 billion
Forecast Year [2030]	USD 6.88 billion
CAGR (%)	15.70%

Market growth is driven by factors such as increased sustainability initiatives, advancements in technology leading to more cost-effective production, and a rising emphasis on reducing carbon footprints. Key opportunities lie in the development of advanced bioplastic formulations with enhanced durability and functionality that can withstand various environmental conditions. Encouraging the use of government incentives for adoption and certification could help spur further uptake. The market also benefits from the development of scalable production processes, which can lower costs and improve market penetration. However, limitations include high production costs, limited feedstock availability, and the need for improved infrastructure for waste management and recycling. Additionally, challenges such as consumer skepticism about performance and inconsistencies in standards and labeling can hinder adoption rates.

To foster growth and innovation, research efforts should focus on improving the mechanical and thermal properties of bioplastics to ensure they perform on par with conventional plastics. Exploring novel feedstock sources and biotechnological advancements, such as genetically engineered microbes to increase yield and efficiency, could further enhance the market landscape. A comprehensive approach to understanding local market dynamics, customer preferences, and environmental regulations is vital for effective market entry and expansion strategies. Overall, the bioplastics market in agribusiness presents a promising avenue for sustainable agricultural innovation and growth, albeit with strategic challenges to navigate.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Bioplastics for Agribusiness Market

The Bioplastics for Agribusiness Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing Need to Alleviate Carbon Footprint
- Potential Demand Owing to the Properties of Bioplastics to Enhance Soil and Product Quality
Market Restraints
- High Cost in Acquisition than Conventional Oil-Based Plastics
Market Opportunities
- Ongoing Research and Development (R&D) Activities to Develop Novel Alternatives
- Expansion of Organizations to Increase Production Capacities for Bioplastics
Market Challenges
- Sustainability Issues Associated with the Unseen Damage of the Food Resources

Porter's Five Forces: A Strategic Tool for Navigating the Bioplastics for Agribusiness Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Bioplastics for Agribusiness Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Bioplastics for Agribusiness Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Bioplastics for Agribusiness Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Bioplastics for Agribusiness Market

A detailed market share analysis in the Bioplastics for Agribusiness Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Bioplastics for Agribusiness Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Bioplastics for Agribusiness Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Key Company Profiles

The report delves into recent significant developments in the Bioplastics for Agribusiness Market, highlighting leading vendors and their innovative profiles. These include TIPA Corp Ltd., NatureWorks LLC by Cargill, Incorporated, FKuR Kunststoff GmbH, Kuraray Co., Ltd., Futamura Group., Carbios, Polymateria Ltd., Good Natured Products Inc., Danimer Scientific, Bio-On SpA, Mitsubishi Chemical Group Corporation, Biome Bioplastics Limited., BASF SE, Green Dot Bioplastics, Inc., Roquette Freres, GC International by PTT Global Chemical PLC, TotalEnergies Corbion bv, Novamont S.p.A. by Versalis SpA, UrthPact, LLC, Natur-Tec by Northern Technologies International Corporation, and Eastman Chemical Company.

Market Segmentation & Coverage

This research report categorizes the Bioplastics for Agribusiness Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type, market is studied across Aliphatic Polyesters, Cellulose-Based Bioplastics, Organic Polyethylene: Poly, Protein-Based Bioplastics, and Starch-Based Bioplastics. The Aliphatic Polyesters is further studied across Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), and Polylactic Acid (PLA).
Based on End-of-Life, market is studied across Biodegradable, Compostable, and Degradable.
Based on Application, market is studied across Greenhouses, Irrigation, Mulch, Packaging, Silage Storage, and Tunnels.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-035E48038160

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing Need to Alleviate Carbon Footprint
  - 5.1.1.2. Potential Demand Owing to the Properties of Bioplastics to Enhance Soil and Product Quality
- 5.1.2. Restraints
  - 5.1.2.1. High Cost in Acquisition than Conventional Oil-Based Plastics
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing Research and Development (R&D) Activities to Develop Novel Alternatives
  - 5.1.3.2. Expansion of Organizations to Increase Production Capacities for Bioplastics
- 5.1.4. Challenges
  - 5.1.4.1. Sustainability Issues Associated with the Unseen Damage of the Food Resources
5.2. Market Segmentation Analysis
- 5.2.1. Type: Penetration of using cellulose-based and starch-based bioplastics owing to their cost-effectiveness and speedy compostability
- 5.2.2. End-of-Life: Gaining traction of biodegradable bioplastics in agriculture due to their ability to decompose into natural substances, thereby minimizing waste management needs
- 5.2.3. Application: Extensive use of bioplastics in mulch and greenhouses to withstand proper mechanical properties for improving crop yields
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental
5.5. Client Customization

6. Bioplastics for Agribusiness Market, by Type

6.1. Introduction
6.2. Aliphatic Polyesters
- 6.2.1. Polybutylene Adipate Terephthalate (PBAT)
- 6.2.2. Polybutylene Succinate (PBS)
- 6.2.3. Polyhydroxyalkanoates (PHA)
- 6.2.4. Polylactic Acid (PLA)
6.3. Cellulose-Based Bioplastics
6.4. Organic Polyethylene: Poly
6.5. Protein-Based Bioplastics
6.6. Starch-Based Bioplastics

7. Bioplastics for Agribusiness Market, by End-of-Life

7.1. Introduction
7.2. Biodegradable
7.3. Compostable
7.4. Degradable

8. Bioplastics for Agribusiness Market, by Application

8.1. Introduction
8.2. Greenhouses
8.3. Irrigation
8.4. Mulch
8.5. Packaging
8.6. Silage Storage
8.7. Tunnels

9. Americas Bioplastics for Agribusiness Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Bioplastics for Agribusiness Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Bioplastics for Agribusiness Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Scientist using lactose to develop bioplastics
- 12.3.2. Sulzer launches new biodegradable polymer for bioplastics
- 12.3.3. Uganda scientists invent bioplastics for wrapping nursery seedlings from farm wastes

Companies Mentioned

1. TIPA Corp Ltd.
2. NatureWorks LLC by Cargill, Incorporated
3. FKuR Kunststoff GmbH
4. Kuraray Co., Ltd.
5. Futamura Group.
6. Carbios
7. Polymateria Ltd.
8. Good Natured Products Inc.
9. Danimer Scientific
10. Bio-On SpA
11. Mitsubishi Chemical Group Corporation
12. Biome Bioplastics Limited.
13. BASF SE
14. Green Dot Bioplastics, Inc.
15. Roquette Freres
16. GC International by PTT Global Chemical PLC
17. TotalEnergies Corbion bv
18. Novamont S.p.A. by Versalis SpA
19. UrthPact, LLC
20. Natur-Tec by Northern Technologies International Corporation
21. Eastman Chemical Company