[197 Pages Report] The Bioplastics for Agribusiness Market size was estimated at USD 2.48 billion in 2023 and expected to reach USD 2.86 billion in 2024, at a CAGR 15.70% to reach USD 6.88 billion by 2030.
The bioplastics in agribusiness include the use of bioplastics in products such as biodegradable mulch films, planting containers, greenhouse materials, and controlled-release fertilizers. The bioplastics in agribusiness market encompasses the development, production, and sale of biodegradable and bio-based polymers used in various agricultural applications.
Environmental regulations and Increasing government policies against plastic waste significantly drive the bioplastics market in agribusiness. Technological advancement and innovations in bioplastic materials enable more efficient and cost-effective production, contributing to market growth. The rising need for high-efficiency materials to enhance crop yield and simplify farming practices is influencing market growth. However, bioplastics may perform inconsistently in different environmental conditions, affecting their reliability and adoption in the market. Bioplastics often have higher costs than conventional plastics, challenging market penetration. Moreover, developing new and improved bioplastic formulations that offer enhanced durability and versatility has created significant potential for market growth. Growing focus on sustainable agricultural practices is also generating growth potential in the market space.
Type: Penetration of using cellulose-based and starch-based bioplastics owing to their cost-effectiveness and speedy compostability
Aliphatic polyesters, including polylactic acid (PLA) and polyhydroxyalkanoates (PHA), are produced from renewable resources such as cornstarch or sugarcane. Aliphatic polyesters are commonly used in agriculture for applications such as mulch films, planting pots, and controlled-release fertilizers. Bioplastics derived from cellulose are widely used due to their sustainability and biodegradability and are often applied in coatings, films, and fibers in agricultural settings. Organic polyethylene are produced from ethylene derived from renewable resources such as sugarcane ethanol. Organic polyethylene offers properties akin to conventional polyethylene and is recyclable in existing streams. Protein-based bioplastics are derived from natural proteins in products such as wheat gluten, corn zein, or soy. Protein-based bioplastics are biodegradable and are generally used in specialty applications such as edible coatings or films. Starch-based bioplastics are the most widely used and derived from plants such as potatoes, wheat, or corn. Starch-based bioplastics are biodegradable and are typically used in applications such as bags and loose-fill packaging.
End-of-Life: Gaining traction of biodegradable bioplastics in agriculture due to their ability to decompose into natural substances, thereby minimizing waste management needs
Biodegradable bioplastics are materials that can be broken down into water, carbon dioxide, and biomass by the action of naturally occurring microorganisms, such as bacteria and fungi, under specific environmental conditions. Biodegradable bioplastics are often preferred in agricultural settings where the plastic can decompose in the soil after use, reducing waste collection and disposal needs. Compostable bioplastics are a subset of biodegradable plastics designed to be composed in commercial composting facilities within a specified time frame. Degradable bioplastics are designed to break down over time with the help of certain additives that lead to the material disintegrating under specific conditions such as exposure to sunlight or oxygen. Degradable plastics often serve as a transitional solution for reducing agricultural plastic waste, offering an end-of-life option without composting facilities.
Application: Extensive use of bioplastics in mulch and greenhouses to withstand proper mechanical properties for improving crop yields
Greenhouses have witnessed a rising preference for bioplastic options that minimize environmental impact while providing the necessary durability, light transmission, and temperature control. Bioplastics used in greenhouses must withstand UV radiation and variable temperatures and be sturdy enough to last multiple growing seasons. Irrigation systems use pipes, tubes, and valves and prefer bioplastics that are resistant to wear and degradation from water and do not leach harmful substances into the soil. Mulch films made from bioplastics are utilized to improve crop yield, manage soil temperature, retain moisture, and suppress weed growth. Biomaterials in agribusiness packaging (such as bags, containers, and wraps) require bioplastics that meet food contact regulations, provide effective barriers to moisture and gasses, and offer proper mechanical properties. Silage storage application requires materials with high tear resistance, oxygen barrier properties, and the ability to withstand outdoor storage conditions.
Regional Insights
In the Americas region, the United States and Canada witness growing awareness of environmental issues, leading to a more significant demand for sustainable products, including bioplastics in agriculture for uses such as biodegradable mulch films in the region. The expansion of research & development in bioplastics and support from regional governments through grants and funding is boosting sustainable agriculture technology. In European countries, regional policies such as the Single-Use Plastics Directive and green procurement incentives drive innovation in bioplastics. The customer purchasing behavior across EU countries shows a strong preference for sustainability, buoyed by both consumer sentiment and regulatory mandates. In the Middle East countries, the interest in bioplastics is mainly driven to diversify economies and reduce plastic waste. Investments in research institutions and collaborations with international companies are slaying the groundwork for a bioplastics market in the APAC region. The Asia Pacific region, notably China, Japan, and India, presents a rapidly developing market for bioplastics in agribusiness. APAC countries have a significant agricultural footprint, driving concerted effort to address plastic waste in agriculture through bioplastics.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Bioplastics for Agribusiness Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Bioplastics for Agribusiness Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
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 BASF SE, Bio-On SpA, Biome Bioplastics Limited., Carbios, Danimer Scientific, Eastman Chemical Company, FKuR Kunststoff GmbH, Futamura Group., GC International by PTT Global Chemical PLC, Good Natured Products Inc., Green Dot Bioplastics, Inc., Kuraray Co., Ltd., Mitsubishi Chemical Group Corporation, Natur-Tec by Northern Technologies International Corporation, NatureWorks LLC by Cargill, Incorporated, Novamont S.p.A. by Versalis SpA, Polymateria Ltd., Roquette Fr?res, TIPA Corp Ltd., TotalEnergies Corbion bv, and UrthPact, LLC.
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:
- Type
- Aliphatic Polyesters
- Polybutylene Adipate Terephthalate (PBAT)
- Polybutylene Succinate (PBS)
- Polyhydroxyalkanoates (PHA)
- Polylactic Acid (PLA)
- Cellulose-Based Bioplastics
- Organic Polyethylene: Poly
- Protein-Based Bioplastics
- Starch-Based Bioplastics
- Aliphatic Polyesters
- End-of-Life
- Biodegradable
- Compostable
- Degradable
- Application
- Greenhouses
- Irrigation
- Mulch
- Packaging
- Silage Storage
- Tunnels
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Bioplastics for Agribusiness Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Bioplastics for Agribusiness Market?
- What are the technology trends and regulatory frameworks in the Bioplastics for Agribusiness Market?
- What is the market share of the leading vendors in the Bioplastics for Agribusiness Market?
- Which modes and strategic moves are suitable for entering the Bioplastics for Agribusiness Market?
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