Bio-Plastic Market Outlook from 2023 to 2033

The bio-plastic market size is projected to be worth US$ 96.6 billion in 2023. The market is likely to reach US$ 1,353.3 billion by 2033. The market is further expected to surge at a CAGR of 30.2% during the forecast period 2023 to 2033.

Key Market Trends and Highlights

  • The concept of a circular economy, which focuses on reducing, reusing, and recycling materials, is driving the adoption of bio-plastics as they can be composted or recycled, reducing plastic waste.
  • Increasing investments by major corporations and collaborations between industry players are likely to boost research and development efforts, leading to innovative bio-plastic solutions.
  • Emerging markets, particularly in Asia Pacific and Latin America, are witnessing rapid urbanization and industrialization, leading to increased demand for bio-plastics in packaging, agriculture, and construction.
  • Bio-plastics that are biodegradable and compostable offer a sustainable solution to address the issue of plastic pollution in landfills and oceans.
Attributes Key Insights
Bio-Plastic Market Estimated Size in 2023 US$ 96.6 billion
Projected Market Value in 2033 US$ 1,353.3 billion
Value-based CAGR from 2023 to 2033 30.2%

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2018 to 2022 Historical Analysis vs. 2023 to 2033 Market Forecast Projections

The scope for bio-plastic rose at a 28.8% CAGR between 2018 and 2022. The global market for bio-plastic is anticipated to grow at a robust CAGR of 30.2% during the forecast period 2023 to 2033.

Report Attributes Details
Market Value in 2018 US$ 26.9 billion
Market Value in 2022 US$ 74.2 billion
CAGR from 2018 to 2022 28.8%

The bio-plastic market witnessed steady growth during the historical period 2018 to 2022. The growth of the market was attributed to the increasing demand for sustainable packaging solutions from consumers and businesses, as well as growing awareness of environmental concerns.

The packaging segment was the largest segment of the bioplastic market during the historical period, owing to the factors such as the increasing demand for sustainable packaging solutions in the food and beverage, cosmetics, and pharmaceutical industries.

The bioplastic market is a growing market with a number of opportunities for growth. The key factors driving the growth of the market are expected to remain the same during the forecast period 2023 to 2033. Some new factors, such as the growing demand for biodegradable bioplastics and the increasing use of bioplastics in emerging applications, are expected to emerge during the forecast period.

Bio-plastics are being used in medical devices and pharmaceutical packaging due to their biocompatibility and potential for reducing single-use plastic waste in healthcare settings. Bio-plastics are used in agriculture for mulching films, plant pots, and biodegradable seed coatings, contributing to sustainable farming practices.

The textile and fashion industry is experimenting with bio-plastics to create sustainable and biodegradable fabrics and clothing, addressing concerns about microplastic pollution. The development of closed-loop supply chains for bio-plastics, where materials can be collected, recycled, and reintroduced into production, offers opportunities for resource efficiency.

Bio-Plastic Market Key Drivers

  • Increasing awareness of environmental issues and the need for sustainable alternatives to traditional plastics are driving the demand for bio-plastics. Consumers and businesses are looking for eco-friendly options to reduce their carbon footprint.
  • Stringent government regulations and policies aimed at reducing plastic waste and promoting sustainable materials are expected to create a favorable regulatory environment for bio-plastics. Tax incentives and subsidies may also encourage bio-plastic adoption.
  • Fluctuating petroleum prices make bio-plastics an attractive alternative, as they are often derived from renewable resources, reducing dependence on fossil fuels. Price volatility in the oil market can make bio-plastics more cost-competitive.
  • Ongoing research and development efforts are leading to the development of bio-plastics with improved properties and performance, making them more versatile and suitable for various applications.
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Nikhil Kaitwade

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Challenges in the Bio-Plastic Market

  • Bio-plastics often have a higher production cost compared to traditional plastics. The cost of sourcing and processing renewable feedstocks can be more expensive, which may deter some businesses from adopting bio-plastic solutions.
  • The availability of feedstocks for bio-plastics, such as certain crops and algae, can be limited. Competition for these resources with other industries, like food and fuel, may lead to supply chain challenges.
  • Some bio-plastics may not possess the same performance characteristics as traditional plastics. They may be less durable, heat-resistant, or have other limitations that restrict their use in certain applications.
  • Scaling up the production of bio-plastics to meet growing demand can be challenging. Achieving consistent quality and quantity at an industrial scale is a complex task that requires significant investment and expertise.

Country-wise Insights

The below table showcases revenues in terms of the leading five leading countries, spearheaded by the United States and China. Both the countries are expected to lead the market through 2033.

Forecast CAGRs from 2023 to 2033

The United States 30.0%
China 29.4%
India 28.6%
Japan 26.5%
Germany 20.8%

Regulatory Support Driving the Market in the United States

The bio-plastic market in the United States is expected to expand at a CAGR of 30.0% through 2033.

Increasing environmental consciousness among consumers, businesses, and policymakers is driving the demand for eco-friendly and sustainable alternatives to traditional plastics. Bio-plastics are perceived as a more environmentally friendly choice, aligning with sustainability goals.

The United States government and various state governments are implementing regulations and initiatives to promote the use of bio-plastics. The measures include bans on single-use plastics, tax incentives, and environmental standards that encourage the adoption of bio-plastics.

Growing consumer demand for products with reduced environmental impact is prompting companies to incorporate bio-plastics into their packaging, consumer goods, and other products, which aligns with the trend of eco-conscious purchasing.

Innovation & Research to Accelerate Market Growth in China

The bio-plastic market in China is anticipated to expand at a CAGR of 29.4% through 2033.

The rapid urbanization and industrialization in China have led to increased plastic consumption. The need to manage plastic waste and reduce environmental impact is pushing the adoption of bio-plastics.

Chinese consumers are becoming more conscious of sustainability and environmentally friendly products. The demand for bio-plastic packaging, consumer goods, and textiles is rising.

Many companies in the country are setting sustainability goals and commitments to reduce their carbon footprint and promote environmental responsibility. Bio-plastics play a key role in achieving these objectives.

China is investing heavily in research and development, leading to technological advancements in bio-plastic materials and production processes. The innovations enhance the market's competitiveness.

Government Initiatives Fueling the Market in India

The bio-plastic market in India is poised to expand at a CAGR of 28.6% through 2033.

The Indian government has launched several initiatives to promote sustainable and eco-friendly materials, including bio-plastics. The initiatives include incentives, regulations, and policies that encourage the adoption of bio-based and biodegradable materials.

Indian companies are setting sustainability goals and commitments to reduce their environmental footprint. The use of bio-plastics aligns with as objectives and can enhance brand reputation. India has significant agricultural resources that can be used as feedstocks for bio-plastics, such as sugarcane and corn. The availability of these feedstocks contributes to the growth of the bio-plastic market.

The packaging industry in India is witnessing substantial growth. Bio-plastics are increasingly being used in packaging to meet consumer preferences for sustainable and eco-friendly materials. India has implemented regulations to restrict the use of single-use plastics, encouraging businesses to explore alternatives like bio-plastics for packaging and disposable items.

Consumer Preferences Spearheads the Market in Japan

Bio-plastic trends in Japan are taking a turn for the better. A 26.5% CAGR is forecast for the country from 2023 to 2033.

Japanese consumers are known for their preference for eco-friendly and sustainable products. The demand is driving the use of bio-plastics in various consumer goods and packaging. Many companies in Japan have set ambitious sustainability goals, which include reducing plastic waste and adopting more environmentally friendly materials like bio-plastics.

Japan is a leader in research and development, and this extends to bio-plastic innovations. Ongoing research efforts are leading to advancements in bio-plastic materials and production processes. Japan has access to agricultural resources that can be used as feedstocks for bio-plastics, such as rice and sugarcane. The availability of these feedstocks contributes to the growth of the bio-plastic market.

Sustainability Initiatives Driving the Sales in Germany

The bio-plastic market in Germany is anticipated to expand at a CAGR of 20.8% through 2033.

German companies are actively setting sustainability goals, including the reduction of plastic waste and the use of more environmentally friendly materials such as bio-plastics. Germany is a hub for research and development, and this extends to bio-plastics. Ongoing research is leading to advancements in bio-plastic materials and production processes.

The Germany packaging industry is a significant driver of bio-plastic demand. The industry is adopting bio-plastics to meet sustainability goals and consumer preferences. Germany automotive industry is exploring bio-plastics for interior and exterior components to reduce vehicle weight and improve fuel efficiency, in line with sustainability goals.

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Category-wise Insights

The below table highlights how PLA and PLA blends segment is projected to lead the market in terms of material type, and is expected to expand at a CAGR of 30.1% through 2033.

Category PLA and PLA Blends
CAGR (in 2033) 30.1%

PLA and PLA Blends Segment Claims High Demand for Bio-Plastics

Based on material type, the PLA and PLA blends segment is expected to continue dominating the bio-plastic industry.

PLA is known for its biodegradability and compostability, making it a preferred choice for single-use disposable products and food packaging. The increasing emphasis on reducing plastic waste is driving demand for PLA-based materials.

PLA is derived from renewable resources such as cornstarch or sugarcane. Its renewable sourcing aligns with sustainability goals and reduces dependence on fossil fuels. The PLA can be used in various applications, including packaging, textiles, medical devices, and 3D printing. Its versatility and biodegradable properties make it suitable for a broad range of industries.

PLA is considered to be a more eco-friendly alternative to traditional plastics, and consumer preferences for sustainable products are contributing to its growth. Some regions and countries are implementing regulations to restrict single-use plastics, which is driving the adoption of PLA-based materials for items like disposable cutlery and packaging.

In terms of applications, the packaging segment is expected to escalate the demand for bio-plastics. Increasing awareness of environmental issues and the desire to reduce plastic waste are driving demand for sustainable packaging solutions. Bio-plastics, with their biodegradability and renewable sourcing, are considered eco-friendly alternatives. The packaging segment is expected to expand at a CAGR of 30.0% through 2033.

Many countries and regions are implementing regulations to reduce the use of single-use plastics and promote sustainable packaging, which is encouraging businesses to adopt bio-plastic packaging solutions.

Consumers are increasingly seeking products with eco-friendly and sustainable packaging. Bio-plastics align with these preferences and can enhance brand reputation. Bio-plastics, such as PLA, are gaining traction in the food packaging industry due to their ability to extend the shelf life of food products, reduce food waste, and maintain food safety.

The growth of e-commerce has led to increased demand for sustainable and protective packaging materials. Bio-plastics are being used to meet the sustainable packaging needs of e-commerce companies. Companies are looking to reduce their carbon footprint, and the use of bio-plastics in packaging contributes to this goal by utilizing renewable feedstocks and reducing the environmental impact of packaging materials.

Competitive Landscape

The key strategies chosen by large companies include several growth strategies such as technology development, expansion as well and mergers and acquisitions to surge market share, reach and revenue.

  • In 2023, NatureWorks (USA) announced the launch of its new bio-plastic product, Ingeo 2000H. Ingeo 2000H is a high-performance bio-plastic that is designed for use in a variety of applications, including food packaging, consumer goods, and industrial products.
  • In the same year, BASF (Germany) announced the expansion of its production capacity for bio-plastic at its plant in Germany. The expansion is expected to meet the growing demand for bio-plastic in Europe and other regions.
  • In 2022, TotalEnergies (France) announced the acquisition of Neste's (Finland) renewable fuels business. The acquisition is expected to strengthen TotalEnergies' position in the bio-plastic market.

Report Scope

Attribute Details
Estimated Market Size in 2023 US$ 96.6 billion
Projected Market Value in 2033 US$ 1,353.3 billion
Value-based CAGR 2023 to 2033 30.2%
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis Value in US$ billion
Key Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East & Africa
Key Market Segments Covered
  • Material Type
  • Applications
  • Region
Key Countries Profiled
  • The United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • France
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Czech Republic
  • Romania
  • India
  • Bangladesh
  • Australia
  • New Zealand
  • China
  • Japan
  • South Korea
  • GCC countries
  • South Africa
  • Israel
Key Companies Profiled
  • BASF SE
  • NatureWorks LLC
  • Toray Industries Inc.
  • Evonik Industries
  • E. I. du Pont de Nemours and Company
  • DSM N.V
  • Arkema
  • Techno Polymer Co. Ltd.
  • RTP Company

Segmentation Analysis of the Bio-Plastic Market

Material Type:

  • Bio-PET
  • Bio-PE
  • Bio-PA
  • Bio-degradable Polyesters
  • PLA & PLA Blends
  • Starch Blends
  • PHA
  • Others

Applications:

  • Bottle
  • Packaging
  • Food-Services
  • Agriculture/Horticulture
  • Consumer Products
  • Automotive

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa

Frequently Asked Questions

What is the expected worth of the bio-plastic market in 2023?

The bio-plastic market is expected to reach US$ 96.6 billion in 2023.

What is the expected CAGR for the bio-plastic market until 2033?

The market for bio-plastic is set to expand by a CAGR of 30.2% by 2033.

How much valuation is projected for the bio-plastic market in 2033?

The bio-plastic industry is forecast to reach US$ 1,353.3 billion by 2033.

Which country is likely to be at the pinnacle of the bio-plastic market?

The United States is likely to be the top performing market, and to expand at a CAGR of 30.0% through 2033.

Which is the leading material type in the bio-plastic domain?

PLA and PLA blends segment is preferred, and is expected to expand at a CAGR of 30.1% through 2033.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Material Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Material Type, 2023 to 2033

        5.3.1. Bio-PET

        5.3.2. Bio-PE

        5.3.3. Bio-PA

        5.3.4. Bio-degradable Polyesters

        5.3.5. PLA & PLA Blends

        5.3.6. Starch Blends

        5.3.7. PHA

        5.3.8. others

    5.4. Y-o-Y Growth Trend Analysis By Material Type, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Material Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Applications

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Applications, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Applications, 2023 to 2033

        6.3.1. Bottle

        6.3.2. Packaging

        6.3.3. Food-Services

        6.3.4. Agriculture/Horticulture

        6.3.5. Consumer Products

        6.3.6. Automotive

    6.4. Y-o-Y Growth Trend Analysis By Applications, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Applications, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022

    7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Western Europe

        7.3.4. Eastern Europe

        7.3.5. South Asia and Pacific

        7.3.6. East Asia

        7.3.7. Middle East and Africa

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        8.2.1. By Country

            8.2.1.1. The USA

            8.2.1.2. Canada

        8.2.2. By Material Type

        8.2.3. By Applications

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Material Type

        8.3.3. By Applications

    8.4. Key Takeaways

9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Material Type

        9.2.3. By Applications

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Material Type

        9.3.3. By Applications

    9.4. Key Takeaways

10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. United Kingdom

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Western Europe

        10.2.2. By Material Type

        10.2.3. By Applications

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Material Type

        10.3.3. By Applications

    10.4. Key Takeaways

11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Poland

            11.2.1.2. Russia

            11.2.1.3. Czech Republic

            11.2.1.4. Romania

            11.2.1.5. Rest of Eastern Europe

        11.2.2. By Material Type

        11.2.3. By Applications

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Material Type

        11.3.3. By Applications

    11.4. Key Takeaways

12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Bangladesh

            12.2.1.3. Australia

            12.2.1.4. New Zealand

            12.2.1.5. Rest of South Asia and Pacific

        12.2.2. By Material Type

        12.2.3. By Applications

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Material Type

        12.3.3. By Applications

    12.4. Key Takeaways

13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Material Type

        13.2.3. By Applications

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Material Type

        13.3.3. By Applications

    13.4. Key Takeaways

14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. South Africa

            14.2.1.3. Israel

            14.2.1.4. Rest of MEA

        14.2.2. By Material Type

        14.2.3. By Applications

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Material Type

        14.3.3. By Applications

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. USA

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2022

            15.1.2.1. By Material Type

            15.1.2.2. By Applications

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2022

            15.2.2.1. By Material Type

            15.2.2.2. By Applications

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2022

            15.3.2.1. By Material Type

            15.3.2.2. By Applications

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2022

            15.4.2.1. By Material Type

            15.4.2.2. By Applications

    15.5. Germany

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2022

            15.5.2.1. By Material Type

            15.5.2.2. By Applications

    15.6. United Kingdom

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2022

            15.6.2.1. By Material Type

            15.6.2.2. By Applications

    15.7. France

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2022

            15.7.2.1. By Material Type

            15.7.2.2. By Applications

    15.8. Spain

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2022

            15.8.2.1. By Material Type

            15.8.2.2. By Applications

    15.9. Italy

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2022

            15.9.2.1. By Material Type

            15.9.2.2. By Applications

    15.10. Poland

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2022

            15.10.2.1. By Material Type

            15.10.2.2. By Applications

    15.11. Russia

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2022

            15.11.2.1. By Material Type

            15.11.2.2. By Applications

    15.12. Czech Republic

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2022

            15.12.2.1. By Material Type

            15.12.2.2. By Applications

    15.13. Romania

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2022

            15.13.2.1. By Material Type

            15.13.2.2. By Applications

    15.14. India

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2022

            15.14.2.1. By Material Type

            15.14.2.2. By Applications

    15.15. Bangladesh

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2022

            15.15.2.1. By Material Type

            15.15.2.2. By Applications

    15.16. Australia

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2022

            15.16.2.1. By Material Type

            15.16.2.2. By Applications

    15.17. New Zealand

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2022

            15.17.2.1. By Material Type

            15.17.2.2. By Applications

    15.18. China

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2022

            15.18.2.1. By Material Type

            15.18.2.2. By Applications

    15.19. Japan

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2022

            15.19.2.1. By Material Type

            15.19.2.2. By Applications

    15.20. South Korea

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2022

            15.20.2.1. By Material Type

            15.20.2.2. By Applications

    15.21. GCC Countries

        15.21.1. Pricing Analysis

        15.21.2. Market Share Analysis, 2022

            15.21.2.1. By Material Type

            15.21.2.2. By Applications

    15.22. South Africa

        15.22.1. Pricing Analysis

        15.22.2. Market Share Analysis, 2022

            15.22.2.1. By Material Type

            15.22.2.2. By Applications

    15.23. Israel

        15.23.1. Pricing Analysis

        15.23.2. Market Share Analysis, 2022

            15.23.2.1. By Material Type

            15.23.2.2. By Applications

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Material Type

        16.3.3. By Applications

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. BASF SE

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

                17.1.1.5.2. Product Strategy

                17.1.1.5.3. Channel Strategy

        17.1.2. NatureWorks LLC

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

                17.1.2.5.2. Product Strategy

                17.1.2.5.3. Channel Strategy

        17.1.3. Toray Industries Inc

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

                17.1.3.5.2. Product Strategy

                17.1.3.5.3. Channel Strategy

        17.1.4. Evonik Industries

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

                17.1.4.5.2. Product Strategy

                17.1.4.5.3. Channel Strategy

        17.1.5. E. I. du Pont de Nemours and Company

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

                17.1.5.5.2. Product Strategy

                17.1.5.5.3. Channel Strategy

        17.1.6. DSM N.V

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

                17.1.6.5.2. Product Strategy

                17.1.6.5.3. Channel Strategy

        17.1.7. Arkema

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

                17.1.7.5.2. Product Strategy

                17.1.7.5.3. Channel Strategy

        17.1.8. Techno Polymer Co. Ltd

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

                17.1.8.5.2. Product Strategy

                17.1.8.5.3. Channel Strategy

        17.1.9. RTP Company

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

                17.1.9.5.2. Product Strategy

                17.1.9.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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