Frost Radar in the Global Bioplastics Market

Frost Radar in the Global Bioplastics Market

A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
03-Oct-2019
REGION
Global
Research Code: PAB2-01-00-00-00
SKU: CM01712-GL-MR_23615

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Description

Leading participants in the global bioplastics market are developing high-performance and sustainable products from bio-based derivatives. As more and more companies focus on reducing their dependence on crude oil and reducing the amount of waste in landfills and oceans, end-user industries are seeking cost-effective bio-based alternatives for packaging, cosmetic ingredients, and other uses. Governments and industry organizations are influencing the transition with standards or regulations either encouraging or mandating the use of environmentally friendly bio-based products. Consumers also are demanding greener and safer products.

There are challenges in the industry, however. Concerns about the supply of raw materials, difficulties in persuading investors to fund research and development initiatives, and higher prices of bio-based materials have restrained growth.

Bioplastics are either biodegradable or non-biodegradable. Non-biodegradable polymers had a 56.8% share of the market in 2018. They have a chemical similarity to their synthetic counterparts: some are easy to drop into the existing value chain, so it is easier to persuade customers to use them in their production processes. Polylactic acid (PLA), poly-hydroxy-alkanoate (PHA), and starch blends are biodegradable and compostable. PLA offers transparency, gloss, stiffness, printability, and processability, and is an excellent aroma barrier—all of which are common demands in packaging. Frost & Sullivan estimated the 2024 opportunity size of global bioplastics market to be $20.48 billion.

For this research, Frost & Sullivan used a unique and robust platform called Frost Radar to analyze the market and identify Companies to Action (C2A) based on their growth indicators and recent innovations and growth strategies. Companies that are positioned in the Radar are Braskem, Corbion, Novamont, NatureWorks, BASF, DuPont, Arkema, and DSM.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes number of companies (across all tiers of competition) in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Author: Soundarya Gowrishankar

Table of Contents

Industry Overview

Industry Overview (continued)

Industry Overview (continued)

The Frost Radar

Frost Radar—Description of Companies Plotted

Arkema

BASF

Braskem

Corbion

DSM

DuPont

NatureWorks

Novamont

The Last Word—Key Takeaways

Legal Disclaimer

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Frost Radar—C2A

Related Research
Leading participants in the global bioplastics market are developing high-performance and sustainable products from bio-based derivatives. As more and more companies focus on reducing their dependence on crude oil and reducing the amount of waste in landfills and oceans, end-user industries are seeking cost-effective bio-based alternatives for packaging, cosmetic ingredients, and other uses. Governments and industry organizations are influencing the transition with standards or regulations either encouraging or mandating the use of environmentally friendly bio-based products. Consumers also are demanding greener and safer products. There are challenges in the industry, however. Concerns about the supply of raw materials, difficulties in persuading investors to fund research and development initiatives, and higher prices of bio-based materials have restrained growth. Bioplastics are either biodegradable or non-biodegradable. Non-biodegradable polymers had a 56.8% share of the market in 2018. They have a chemical similarity to their synthetic counterparts: some are easy to drop into the existing value chain, so it is easier to persuade customers to use them in their production processes. Polylactic acid (PLA), poly-hydroxy-alkanoate (PHA), and starch blends are biodegradable and compostable. PLA offers transparency, gloss, stiffness, printability, and processability, and is an excellent aroma barrier—all of which are common demands in packaging. Frost & Sullivan estimated the 2024 opportunity size of global bioplastics market to be $20.48 billion. For this research, Frost & Sullivan used a unique and robust platform called Frost Radar to analyze the market and identify Companies to Action (C2A) based on their growth indicators and recent innovations and growth strategies. Companies that are positioned in the Radar are Braskem, Corbion, Novamont, NatureWorks, BASF, DuPont, Arkema, and DSM. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes number of companies (across all tiers of competition) in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients. Author: Soundarya Gowrishankar
More Information
No Index No
Podcast No
Author Soundarya Gowrishankar
Industries Chemicals and Materials
WIP Number PAB2-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9595,9870