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North America Bioplastics Market Market Size (2024 - 2029)

The North America bioplastics market is experiencing significant growth, driven by increasing demand in the flexible packaging sector and a rising adoption rate of bioplastics. Despite challenges posed by the availability of cheaper traditional plastic alternatives, the market's expansion is supported by recovery from pandemic-related disruptions and promising opportunities in construction applications. The United States holds the largest share of the market, fueled by heightened bioplastics use in packaging within the e-commerce and electronics industries.

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Market Size of North America Bioplastics Industry

North America Bioplastics Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 16.80 %
Market Concentration Low

Major Players

North America Bioplastics Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Bioplastics Market Analysis

The North America bioplastics market is estimated to reach 334.55 kilotons by the end of this year and is projected to reach 727.23 kilotons in the next five years, registering a CAGR of 16.8% during the forecast period.

  • The COVID-19 pandemic affected several industries negatively. The lockdown in North American countries 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 the increasing rate of adoption of bioplastics 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 construction applications are likely to create lucrative growth opportunities for the market.
  • The United States represents the largest market over the forecast period due to the increasing consumption of bioplastics for packaging across e-commerce and electronics sectors.

North America 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 North America 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). The report also covers the market size and forecasts for the bioplastics demand in 3 countries across the North American region. 

For each segment, the market sizing and forecasts are provided on the basis of volume (tons).

Type
Bio-based Biodegradables
Starch-based
Polylactic Acid (PLA)
Polyhydroxy Alkanoates (PHA)
Polyesters (PBS, PBAT, and PCL)
Other Bio-based Biodegradables (Polybutylene Succinate (Adipate) (PBS(A)) and Cellulose-based Plastics)
Bio-based Non-biodegradables
Bio Polyethylene Terephthalate (PET)
Bio Polyethylene
Bio Polyamides
Bio Polytrimethylene Terephthalate
Other Non-biodegradables (Polyethylenefuranoate (PEF), Bio Polyols, Bio Polypropylene and Bio Polyurethanes)
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)
Geography
United States
Canada
Mexico
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North America Bioplastics Market Size Summary

The North America bioplastics market is experiencing significant growth, driven by increasing demand from the flexible packaging sector and a rising adoption rate of bioplastics. The market's expansion is supported by the growing need for eco-friendly packaging solutions, particularly in the food and beverage industries, as well as the burgeoning e-commerce sector. Despite challenges posed by the availability of cheaper traditional plastic alternatives, the market is poised for substantial growth, with the United States leading due to its high consumption of bioplastics in packaging for e-commerce and electronics. The recovery from COVID-19 disruptions has further bolstered the market's growth trajectory, with future prospects in construction applications offering additional opportunities.

The market landscape is characterized by a fragmented nature, with key players such as Braskem, Novamont SpA, Natureworks LLC, Indorama Ventures Public Company Limited, and BASF SE playing pivotal roles. Recent developments, such as partnerships and supply agreements, are expected to enhance the production and application of bioplastics across various industries, including transportation, footwear, and packaging. The increasing focus on environmental sustainability, coupled with technological advancements and regulatory support, is likely to drive the demand for bioplastics, particularly in the automotive sector, where the United States remains a major player in manufacturing. These factors collectively indicate a promising outlook for the bioplastics market in North America over the forecast period.

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North America Bioplastics Market Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand for Bioplastics in Flexible Packaging

      2. 1.1.2 Increasing Rate of Adoption of Bioplastics

      3. 1.1.3 Regulatory Policies Supporting the Usage of Bioplastics

    2. 1.2 Restraints

      1. 1.2.1 Availability of Cheaper Alternatives

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Type

      1. 2.1.1 Bio-based Biodegradables

        1. 2.1.1.1 Starch-based

        2. 2.1.1.2 Polylactic Acid (PLA)

        3. 2.1.1.3 Polyhydroxy Alkanoates (PHA)

        4. 2.1.1.4 Polyesters (PBS, PBAT, and PCL)

        5. 2.1.1.5 Other Bio-based Biodegradables (Polybutylene Succinate (Adipate) (PBS(A)) and Cellulose-based Plastics)

      2. 2.1.2 Bio-based Non-biodegradables

        1. 2.1.2.1 Bio Polyethylene Terephthalate (PET)

        2. 2.1.2.2 Bio Polyethylene

        3. 2.1.2.3 Bio Polyamides

        4. 2.1.2.4 Bio Polytrimethylene Terephthalate

        5. 2.1.2.5 Other Non-biodegradables (Polyethylenefuranoate (PEF), Bio Polyols, Bio Polypropylene and Bio Polyurethanes)

    2. 2.2 Application

      1. 2.2.1 Flexible Packaging

      2. 2.2.2 Rigid Packaging

      3. 2.2.3 Automotive and Assembly Operations

      4. 2.2.4 Agriculture and Horticulture

      5. 2.2.5 Construction

      6. 2.2.6 Textiles

      7. 2.2.7 Electrical and Electronics

      8. 2.2.8 Other Applications (Coatings, Adhesives, Consumer Goods, and Healthcare)

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

North America Bioplastics Market Market Size FAQs

The North America Bioplastics Market is projected to register a CAGR of 16.80% during the forecast period (2024-2029)

Braskem​, Novamont SpA​, BASF ​SE, Indorama Ventures Public Company Limited and Natureworks LLC​ are the major companies operating in the North America Bioplastics Market .

North America Bioplastics Market Report Snapshots

North America Bioplastics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)