Biodegradable Polymers Market for Extrusion Coating - Forecast to 2024

Table of Content

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.4 YEARS CONSIDERED FOR THE STUDY 14
1.5 CURRENCY 15
1.6 UNIT CONSIDERED 15
1.7 LIMITATIONS 15
1.8 STAKEHOLDERS 15

2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 17
2.1.2.1 Key industry insights 18
2.1.2.2 Key data from primary sources 18
2.1.2.3 Breakdown of primary interviews 19
2.2 MARKET SIZE ESTIMATION 19
2.2.1 SUPPLY SIDE ANALYSIS 19
2.2.2 FORECAST 20
2.3 DATA TRIANGULATION 21
2.4 ASSUMPTIONS 22
2.5 LIMITATIONS 22

3 EXECUTIVE SUMMARY 23

4 PREMIUM INSIGHTS 26
4.1 ATTRACTIVE OPPORTUNITIES IN THE BIODEGRADABLE POLYMERS
MARKET FOR EXTRUSION COATING 26
4.2 BIODEGRADABLE POLYMERS MARKET FOR EXTRUSION COATING, BY TYPE 26
4.3 BIODEGRADABLE POLYMERS MARKET FOR EXTRUSION COATING,
BY SUBSTRATE AND COUNTRY, 2018 27
4.4 BIODEGRADABLE POLYMERS MARKET FOR EXTRUSION COATING,
BY APPLICATION 27
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5 MARKET OVERVIEW 28
5.1 INTRODUCTION 28
5.2 MARKET DYNAMICS 28
5.2.1 DRIVERS 29
5.2.1.1 Increasing use in food packaging and compostable bags 29
5.2.1.2 Shift in consumer preference to eco-friendly products 29
5.2.2 RESTRAINTS 29
5.2.2.1 High cost of biodegradable polymers as compared to other polymers 29
5.2.3 OPPORTUNITIES 29
5.2.3.1 Emerging applications of biodegradable polymers for extrusion coating 29
5.2.3.2 Growing market in the developing countries 30
5.2.4 CHALLENGES 30
5.2.4.1 Performance issues related to biodegradable polymers 30
5.3 BIODEGRADABLE POLYMERS MARKET: PRICING ANALYSIS 30
5.3.1 INTRODUCTION 30
5.3.2 PLA (POLYLACTIC ACID) 31
5.3.3 STARCH 31
5.3.4 PBS (POLYBUTYLENE SUCCINATE) 31
5.3.5 PHA (POLYHYDROXYALKANOATES) 31
5.3.6 OTHERS 32

6 BIODEGRADABLE POLYMERS MARKET FOR EXTRUSION COATING, BY TYPE 33
6.1 INTRODUCTION 34
6.2 PLA (POLYLACTIC ACID) 35
6.2.1 THE LARGEST USE OF PLA IS IN THE PACKAGING INDUSTRY 35
6.3 STARCH 35
6.3.1 STARCH BLENDS OFFER TENSILE STRENGTH AND ELONGATION, AND THESE PROPERTIES ARE BOOSTING THEIR DEMAND 35
6.4 PBS (POLYBUTYLENE SUCCINATE) 36
6.4.1 THE EXCELLENT PROCESSABILITY CAPACITY OF PBS IS DRIVING THE DEMAND IN THE MARKET 36
6.5 PHA (POLYHYDROXYALKANOATES) 36
6.5.1 THE MARKET IN THIS SEGMENT IS PROJECTED TO GROW RAPIDLY AS IT FULLY COMPLIES WITH BIO-BASED, BIODEGRADABLE, COMPOSTABLE, OR BIOCOMPATIBLE REQUIREMENTS 36
6.6 OTHERS 36

7 BIODEGRADABLE POLYMERS MARKET FOR EXTRUSION COATING,
BY SUBSTRATE 37
7.1 INTRODUCTION 38
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7.2 PAPER & PAPERBOARD 39
7.2.1 CRAFT PAPER, BLEACHED PAPER, AND GLASSINE PAPER ARE USED IN EXTRUSION COATING 39
7.3 CELLULOSE FILMS 39
7.3.1 LOW PERMEABILITY TO GREASES, AIR, BACTERIA, AND OILS ARE DRIVING THE DEMAND FOR CELLULOSE FILMS AS A SUBSTRATE FOR EXTRUSION COATING OF BIODEGRADABLE POLYMERS 39
7.4 OTHERS 40

8 BIODEGRADABLE POLYMERS MARKET FOR EXTRUSION COATING,
BY APPLICATION 41
8.1 INTRODUCTION 42
8.2 RIGID PACKAGING 43
8.2.1 THE MEDICAL INDUSTRY IS THE LARGEST CONSUMER OF RIGID PACKAGING 43
8.3 FLEXIBLE PACKAGING 44
8.3.1 THE FOOD & BEVERAGE INDUSTRY IS EXPECTED TO DRIVE THE MARKET IN THIS SEGMENT 44
8.4 LIQUID PACKAGING 44
8.4.1 DAIRY FOOD PRODUCTS, SEASONING, DRESSINGS, SAUCES, AND
BEER & SOFT DRINKS SEGMENTS ARE PROPELLING THE DEMAND FOR LIQUID PACKAGING 44
8.5 OTHERS 44

9 BIODEGRADABLE POLYMERS MARKET FOR EXTRUSION COATING,
BY REGION (EUROPE) 45
9.1 INTRODUCTION 46
9.2 ITALY 47
9.2.1 THE REVIVING ECONOMY IS FAVORABLE FOR THE MARKET IN THE COUNTRY 47
9.3 FRANCE 49
9.3.1 GOVERNMENT INITIATIVES ARE ENCOURAGING THE USE OF BIO-BASED AND BIODEGRADABLE POLYMERS IN THE COUNTRY 49
9.4 SPAIN 51
9.4.1 THE MARKET IS GAINING TRACTION IN THE COUNTRY WITH THE GROWTH OF THE PACKAGING INDUSTRY 51
9.5 UK 53
9.5.1 STRINGENT REGULATIONS REGARDING THE USE OF NON-BIODEGRADABLE POLYMERS ARE DRIVING THE MARKET 53
9.6 GERMANY 54
9.6.1 FLEXIBLE PACKAGING APPLICATION IS EXPECTED TO DRIVE THE MARKET FOR BIODEGRADABLE POLYMERS USED IN EXTRUSION COATING 54
9.7 REST OF EUROPE 56
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10 COMPETITIVE LANDSCAPE 58
10.1 OVERVIEW 58
10.2 MARKET RANKING ANALYSIS 59
10.3 COMPETITIVE SCENARIO 60
10.3.1 EXPANSION 60
10.3.2 MERGER & ACQUISITION 61
10.3.3 JOINT VENTURE 61
10.3.4 NEW PRODUCT LAUNCH 62

11 COMPANY PROFILES 63
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat from Competitors, Right to Win and MnM View)*
11.1 NATUREWORKS LLC 63
11.2 BASF SE 66
11.3 TOTAL CORBION PLA 70
11.4 MITSUBISHI CHEMICAL HOLDINGS CORPORATION 73
11.5 BIOME BIOPLASTICS 76
11.6 BIOTEC 79
11.7 TORAY INDUSTRIES 80
11.8 NOVAMONT S.P.A. 81
11.9 PLANTIC TECHNOLOGIES LTD. 82
11.10 BIO-ON S.P.A. 83
11.11 ADDITIONAL COMPANY PROFILES 85
11.11.1 SUCCINITY GMBH 85
11.11.2 PERSTORP 85
11.11.3 THE MONDI GROUP 85
11.11.4 SYNBRA TECHNOLOGY BV 85
11.11.5 BIO-FED 85
11.11.6 FUTERRO 86
11.11.7 AQUAPAK HYDROPOLYMERS LTD. 86
11.11.8 CLONDALKIN 86
11.11.9 GALACTIC S.A. 86
11.11.10 KOMPUESTOS 87
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Winning Imperatives, Current Focus and Strategies, Threat from Competitors, Right to Win and MnM View might not be captured in case of unlisted companies.

12 APPENDIX 88
12.1 DISCUSSION GUIDE 88
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 91
12.3 AVAILABLE CUSTOMIZATIONS 93
12.4 RELATED REPORTS 93
12.5 AUTHOR DETAILS 94

List of Figures

FIGURE 1 BIODEGRADABLE POLYMERS MARKET FOR EXTRUSION COATING: SEGMENTATION 14
FIGURE 2 BIODEGRADABLE POLYMERS MARKET FOR EXTRUSION COATING:
RESEARCH DESIGN 16
FIGURE 3 MARKET NUMBER ESTIMATION 19
FIGURE 4 BIODEGRADABLE POLYMERS MARKET FOR EXTRUSION COATING: DATA TRIANGULATION 21
FIGURE 5 PLA TO BE THE LARGEST BIODEGRADABLE POLYMER FOR EXTRUSION COATING 23
FIGURE 6 PAPER & PAPERBOARD TO BE THE LARGEST SUBSTRATE USED FOR EXTRUSION COATING OF BIODEGRADABLE POLYMERS BETWEEN 2019 AND 2024 24
FIGURE 7 RIGID PACKAGING TO BE THE LARGEST APPLICATION OF BIODEGRADABLE POLYMERS USED FOR EXTRUSION COATING BETWEEN 2019 AND 2024 24
FIGURE 8 ITALY TO REGISTER THE HIGHEST CAGR IN THE EUROPEAN MARKET 25
FIGURE 9 PACKAGING APPLICATIONS TO DRIVE THE DEMAND FOR BIODEGRADABLE POLYMERS IN EXTRUSION COATING BETWEEN 2019 AND 2024 26
FIGURE 10 PLA TO BE THE LARGEST SEGMENT OF THE MARKET 26
FIGURE 11 PAPER & PAPERBOARD AND ITALY ACCOUNTED FOR THE LARGEST SHARES 27
FIGURE 12 RIGID PACKAGING TO BE THE LARGEST APPLICATION SEGMENT OF THE MARKET 27
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE BIODEGRADABLE POLYMERS MARKET FOR EXTRUSION COATING 28
FIGURE 14 PLA TO BE THE LARGEST SEGMENT OF THE MARKET 34
FIGURE 15 PAPER & PAPERBOARD TO BE THE LARGEST SEGMENT OF THE MARKET 38
FIGURE 16 FLEXIBLE PACKAGING TO BE THE FASTEST-GROWING APPLICATION SEGMENT 42
FIGURE 17 EUROPE: SNAPSHOT FOR BIODEGRADABLE POLYMERS MARKET
FOR EXTRUSION COATING 46
FIGURE 18 COMPANIES PRIMARILY ADOPTED NEW PRODUCT LAUNCH AS THE
KEY GROWTH STRATEGY BETWEEN 2013 AND 2019 58
FIGURE 19 BIODEGRADABLE POLYMERS MARKET FOR EXTRUSION COATING, 2018 59
FIGURE 20 NATUREWORKS LLC: SWOT ANALYSIS 64
FIGURE 21 BASF SE: COMPANY SNAPSHOT 66
FIGURE 22 BASF SE: SWOT ANALYSIS 68
FIGURE 23 TOTAL CORBION PLA: SWOT ANALYSIS 71
FIGURE 24 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY SNAPSHOT 73
FIGURE 25 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: SWOT ANALYSIS 74
FIGURE 26 BIOME BIOPLASTICS: COMPANY SNAPSHOT 76
FIGURE 27 BIOME BIOPLASTICS: SWOT ANALYSIS 77
FIGURE 28 TORAY INDUSTRIES: COMPANY SNAPSHOT 80

List of Tables

TABLE 1 BIODEGRADABLE POLYMERS FOR EXTRUSION COATING: PRICING ANALYSIS BY TYPE 31
TABLE 2 BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY TYPE, 2017–2024 (KILOTON) 34
TABLE 3 BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY TYPE, 2017–2024 (USD MILLION) 35
TABLE 4 BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY SUBSTRATE, 2017–2024 (KILOTON) 38
TABLE 5 BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY SUBSTRATE, 2017–2024 (USD MILLION) 39
TABLE 6 BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY APPLICATION, 2017–2024 (KILOTON) 43
TABLE 7 BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY APPLICATION, 2017–2024 (USD MILLION) 43
TABLE 8 EUROPE: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING, BY COUNTRY, 2017–2024 (KILOTON) 47
TABLE 9 EUROPE: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING, BY COUNTRY, 2017–2024 (USD MILLION) 47
TABLE 10 ITALY: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY TYPE, 2017–2024 (KILOTON) 48
TABLE 11 ITALY: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY TYPE, 2017–2024 (USD MILLION) 48
TABLE 12 ITALY: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY APPLICATION, 2017–2024 (KILOTON) 48
TABLE 13 ITALY: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY APPLICATION, 2017–2024 (USD MILLION) 49
TABLE 14 FRANCE: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY TYPE, 2017–2024 (KILOTON) 50
TABLE 15 FRANCE: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY TYPE, 2017–2024 (USD MILLION) 50
TABLE 16 FRANCE: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY APPLICATION, 2017–2024 (KILOTON) 50
TABLE 17 FRANCE: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY APPLICATION, 2017–2024 (USD MILLION) 51
TABLE 18 SPAIN: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY TYPE, 2017–2024 (KILOTON) 51
TABLE 19 SPAIN: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY TYPE, 2017–2024 (USD MILLION) 52
TABLE 20 SPAIN: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY APPLICATION, 2017–2024 (KILOTON) 52
TABLE 21 SPAIN: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY APPLICATION, 2017–2024 (USD MILLION) 52
TABLE 22 UK: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY TYPE, 2017–2024 (KILOTON) 53
TABLE 23 UK: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY TYPE, 2017–2024 (USD MILLION) 53
TABLE 24 UK: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY APPLICATION, 2017–2024 (KILOTON) 54
TABLE 25 UK: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING BY APPLICATION, 2017–2024 (USD MILLION) 54
TABLE 26 GERMANY: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING, BY TYPE, 2017–2024 (KILOTON) 55
TABLE 27 GERMANY: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING, BY TYPE, 2017–2024 (USD MILLION) 55
TABLE 28 GERMANY: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING, BY APPLICATION, 2017–2024 (KILOTON) 55
TABLE 29 GERMANY: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING, BY APPLICATION, 2017–2024 (USD MILLION) 56
TABLE 30 REST OF EUROPE: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING, BY TYPE, 2017–2024 (KILOTON) 56
TABLE 31 REST OF EUROPE: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING, BY TYPE, 2017–2024 (USD MILLION) 57
TABLE 32 REST OF EUROPE: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING, BY APPLICATION, 2017–2024 (KILOTON) 57
TABLE 33 REST OF EUROPE: BIODEGRADABLE POLYMERS MARKET SIZE FOR EXTRUSION COATING, BY APPLICATION, 2017–2024 (USD MILLION) 57
TABLE 34 EXPANSION, 2013–2019 60
TABLE 35 MERGER & ACQUISITION, 2013–2019 61
TABLE 36 JOINT VENTURE, 2013–2019 61
TABLE 37 NEW PRODUCT LAUNCH, 2013–2019 62