Market Size of Brazil Bioplastics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 12.80 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Brazil Bioplastics Market Analysis
The Brazil bioplastics market is estimated to reach 43.02 kilotons by the end of this year and is projected to reach 78.26 kilotons in the next five years, registering a CAGR of 12.80% during the forecast period.
- The COVID-19 pandemic affected several industries negatively. The lockdown in Brazil caused disruptions in production, as well as industrial activities, and restrictions on freight transportation, disturbed the supply chain. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
- The rising demand from the flexible packaging segment and increasing focus on bioplastics production in Brazil are major factors driving the growth of the market studied.
- However, the availability of cheaper alternatives to traditional plastics is likely to restrain the growth of the studied market.
- Nevertheless, future prospects in non-packaging solutions are likely to create lucrative growth opportunities for the market.
Brazil Bioplastics Industry Segmentation
Bioplastics are plastics produced from renewable sources such as woodchips, sawdust, recycled food waste, corn, and sugarcane, to name a few, and can be used as an alternative to traditional plastics to reduce waste and pollution.
The Brazilian bioplastics market is segmented by type and application. By type, the market is segmented into bio-based biodegradables (starch-based, polylactic acid, polyhydroxyalkanoates, polyesters, and other bio-based biodegradables (polybutylene succinate (Adipate) (PBS(A)) and cellulose-based plastics)) and bio-based non-biodegradables (bio polyethylene terephthalate, bio polyethylene, bio polyamides, bio poly trimethylene terephthalate, and other non-biodegradables (polyethylenefuranoate (PEF), bio polyols, bio polypropylene, and bio polyurethanes)). By application, the market is segmented into flexible packaging, rigid packaging, automotive and assembly operations, agriculture and horticulture, construction, textiles, electrical and electronics, and other applications (coatings, adhesives, consumer goods, and healthcare).
For each segment, the market sizing and forecasts are provided on the basis of volume (tons).
| Type | |||||||
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| Application | |
| Flexible Packaging | |
| Rigid Packaging | |
| Automotive and Assembly Operations | |
| Agriculture and Horticulture | |
| Construction | |
| Textiles | |
| Electrical and Electronics | |
| Other Applications (Coatings, Adhesives, Consumer Goods, and Healthcare) |
Brazil Bioplastics Market Size Summary
The Brazil bioplastics market is experiencing significant growth, driven by increasing demand from the flexible packaging sector and a heightened focus on bioplastics production within the country. The market's recovery post-COVID-19 disruptions has been robust, with bioplastics gaining traction due to their environmental benefits, such as being biodegradable and less harmful to nature. This growth is further supported by the expanding food and beverage industry, which has seen substantial growth in recent years, and the booming e-commerce sector, which has accelerated the demand for flexible packaging solutions. Despite the presence of cheaper traditional plastic alternatives, the market is poised for expansion, particularly in non-packaging applications, which present promising opportunities for future growth.
Bio-polyethylene (bio-PE), a key product in the bioplastics market, is produced from renewable sugarcane-derived ethanol and is utilized in various applications, including food packaging and single-use bags. Although bio-PE faces challenges due to its higher cost compared to fossil-based alternatives, its versatility and recyclability within the existing polyethylene recycling chain enhance its appeal. The market is partially consolidated, with major players like Braskem leading the charge in expanding production capacities to meet global demand. Recent investments by companies such as Braskem and Bioreset Biotecnologia Ltda highlight the industry's commitment to scaling up bioplastics production, ensuring a steady supply to cater to the growing market needs.
Brazil Bioplastics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand for Bioplastics in Flexible Packaging
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1.1.2 Brazil Leading the Way in Bioplastic Production
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1.1.3 Regulatory Policies Supporting the Demand for Bioplastics
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1.2 Restraints
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1.2.1 Availability of Cheaper Alternatives
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Type
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2.1.1 Bio-based Biodegradables
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2.1.1.1 Starch-based
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2.1.1.2 Polylactic Acid (PLA)
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2.1.1.3 Polyhydroxy Alkanoates (PHA)
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2.1.1.4 Polyesters (PBS, PBAT, and PCL)
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2.1.1.5 Other Bio-based Biodegradables (Polybutylene Succinate (Adipate) (PBS(A)) and Cellulose-based Plastics)
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2.1.2 Bio-based Non-biodegradables
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2.1.2.1 Bio Polyethylene Terephthalate (PET)
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2.1.2.2 Bio Polyethylene
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2.1.2.3 Bio Polyamides
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2.1.2.4 Bio Polytrimethylene Terephthalate
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2.1.2.5 Other Non-biodegradables (Polyethylenefuranoate (PEF), Bio Polyols, Bio Polypropylene and Bio Polyurethanes)
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2.2 Application
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2.2.1 Flexible Packaging
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2.2.2 Rigid Packaging
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2.2.3 Automotive and Assembly Operations
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2.2.4 Agriculture and Horticulture
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2.2.5 Construction
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2.2.6 Textiles
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2.2.7 Electrical and Electronics
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2.2.8 Other Applications (Coatings, Adhesives, Consumer Goods, and Healthcare)
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Brazil Bioplastics Market Size FAQs
What is the current Brazil Bioplastics Market size?
The Brazil Bioplastics Market is projected to register a CAGR of 12.80% during the forecast period (2024-2029)
Who are the key players in Brazil Bioplastics Market?
Braskem, Cardia Bioplastics, Natureworks LLC, Bioreset Biotecnologia Ltda and Novamont SpA are the major companies operating in the Brazil Bioplastics Market.
