China Bioplastics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 23.44 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Bioplastics Market Analysis
The China bioplastics market is estimated to reach 236.67 kilotons by the end of this year and is projected to reach 678.31 kilotons in the next five years, registering a CAGR of 23.44% during the forecast period.
- The COVID-19 pandemic affected several industries negatively. Multiple lockdowns in China caused disruptions in production, as well as industrial activities, and restrictions on freight transportation, disturbed the supply chain. However, the conditions started recovering in 2022, 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 studied market's growth.
- Nevertheless, future prospects in construction applications are likely to create lucrative growth opportunities for the market.
China Bioplastics Market Trends
Flexible Packaging Industry to Dominate the Market
- Bioplastics are used in flexible packaging, as they are not harmful to nature, and few are easily degradable as well.
- They are used in packaging films for food items, medicines, beverage bottles, packaging films, and packaging of non-food products, such as napkins and tissues, toilet paper, nappies, sanitary towels, cardboard, and coat paper for food wrapping paper, and coated cardboard to make cups and plates. Moreover, they are used in flexible and loose-fill packaging.
- The consumption of bioplastics is increasing in making plastic bags, as they are nature-friendly, and for organic waste collection bags, which are majorly used in hospitals, hotels and restaurants, commercial and retail outlets, and houses.
- The Chinese company China BBCA Group has plans to increase its production capacity for polylactic acid (PLA) from 50 kilotons as of August 2020 to 700 kilotons by the end of 2023. The company's planned production capacity in 2023 would likely be nearly double the actual anticipated global demand volume for that year, which is estimated to be 360 kilotons.
- As for e-commerce, China has the highest online sales share in the world. Moreover, it also has the largest e-commerce market in the world, estimated to be around USD 2.9 trillion in 2022.
- As of 2022, Alibaba was China's leading e-commerce company, with a market capital of approximately CNY 1.5 trillion (USD 208.6 billion). There were as many as seven e-commerce companies among China's 500 leading private companies.
- According to the data from China's Ministry of Commerce, overall domestic e-commerce sales showed a steady increase, reaching CNY 13.79 trillion (USD 1.91 trillion), up 4% year-on-year in 2022. Online sales in rural areas reached CNY 2.17 trillion (USD 300.92 billion), up 4.9% year-on-year.
- Online sales in Northeast and Central China saw the highest increase in 2022, with annualized growth rates of 13.2% and 8.7%, respectively. Online sales volumes in East China in 2022 grew by 3.8% year-on-year, while West China recorded 3% year-on-year growth.
- With the growing e-commerce market and people preferring online shopping for items starting from FMCG products, medicines, electronics, food, and others, the demand for flexible packaging in e-commerce is expected to offer several growth opportunities in the coming years.
Polylactic Acid (PLA) to Dominate the Bio-based Biodegradables Segment
- Polylactic acid (PLA) is a bio-sourced and industrially compostable plastic/polymer material with a low carbon footprint. PLA's properties include transparency, rigidity, and the ability to act as a barrier to odors and grease. These attributes offer immense commercial potential.
- PLA has already been used in the medical industry for years to make suture threads and orthopedic rods. Currently, it meets the need in the growing markets, such as food packaging. The increasing intervention of the Food and Drug Administration (FDA) and related organizations in terms of food safety is largely promoting the usage of biodegradable food-grade plastics for beverage and snack consumption.
- PLA is gradually becoming a preferred material for more demanding applications in the textile, electronics, and automobile industries, as well as for new applications like hydraulic fracturing. PLA is currently one of the most widely used biodegradable materials. It is used in the manufacturing of fibers, coatings, films, and sheets, among others.
- The excellent biocompatibility, biodegradability, better encapsulation, and lower toxicity of PLA, PLA composites, and PLA copolymers have led to their adoption and usage in numerous applications in the bio-medical, injury management, and drug delivery systems. The major applications of bio-PLA in the medical sector include stitching, tissue re-engineering, orthopedics, antimicrobial agents, fractural facial repairs, biomaterials, and drug carriers.
- Bio-PLA is also being used in 3D printing, where aesthetics is of primary importance. Due to its lower printing temperature, it is easier to print parts with fine details. This ease of usage has enabled widespread applications of bio-PLA among schools and libraries for 3D printing. Moreover, it is the most preferred material among others, which is eco-friendly.
- Bio-PLA films and sheets are used to wrap organic food and premium and branded products. These films and sheets also provide an excellent surface for printing and are found to be ideal for applications of signage and folded cartons.
- PLA is a versatile material and is an excellent replacement for PS (polystyrene), PP (polypropylene), and ABS (acrylonitrile butadiene styrene) in more demanding applications.
- FUTERRO is amongst the major bio PLA producers in China and operates an integrated PLA production unit with a capacity of 30 kilotons per year, with plans to expand it to 100 kilotons per year.
- Moreover, amongst the recent developments, Sulzer has partnered with Jindan New Biomaterials and Yangzhou Huitong Biological New Material as key technology providers and equipment suppliers for their respective Bio PLA production units.
- With major production capacity additions, the Bio PLA market is expected to record significant growth in China.
China Bioplastics Industry Overview
The China bioplastics market is partially consolidated in nature. The major players in the market (not in any particular order) include Braskem, Novamont SpA, BASF SE, China BBCA Group, and FUTERRO S.A., among others.
China Bioplastics Market Leaders
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BASF SE
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Braskem
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FUTERRO S.A.
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China BBCA Group
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Novamont SpA
*Disclaimer: Major Players sorted in no particular order
China Bioplastics Market News
- May 2023: Sulzer signed an agreement with major lactic acid producer Jindan New Biomaterials to facilitate the production of polylactic acid (PLA). Jindan aims to utilize Sulzer's licensed PLA technology at its new manufacturing plant in Henan Province to produce up to 75 kilotons of PLA per year, mainly to be used for food packaging, molded goods, and fiber production.
- March 2022: Sulzer was selected by the Yangzhou Huitong Biological New Material to supply technology and key equipment for its polylactic acid (PLA) production facility in Jiangsu Province, China. The facility will have a production capacity of 30 kilotons per year. Sulzer Chemtech agreed to offer design and provide lactide purification, polymerization, devolatilization, and post-reaction proprietary technologies as part of the licensing agreement and also include extensive service support.
Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand for Bioplastics from the E-commerce Industry
- 4.1.2 Growing Personal Care and Food and Beverage Industries
- 4.1.3 Other Drivers
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4.2 Restraints
- 4.2.1 Availability of Cheaper Alternatives
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
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5.1 Type
- 5.1.1 Bio-based Biodegradables
- 5.1.1.1 Starch-based
- 5.1.1.2 Polylactic Acid (PLA)
- 5.1.1.3 Polyhydroxy Alkanoates (PHA)
- 5.1.1.4 Polyesters (PBS, PBAT, and PCL)
- 5.1.1.5 Other Bio-based Biodegradables (Polybutylene Succinate (Adipate) (PBS(A)) and Cellulose-based Plastics)
- 5.1.2 Bio-based Non-biodegradables
- 5.1.2.1 Bio Polyethylene Terephthalate (PET)
- 5.1.2.2 Bio Polyethylene
- 5.1.2.3 Bio Polyamides
- 5.1.2.4 Bio Polytrimethylene Terephthalate
- 5.1.2.5 Other Non-biodegradables (Polyethylenefuranoate (PEF), Bio Polyols, Bio Polypropylene and Bio Polyurethanes)
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5.2 Application
- 5.2.1 Flexible Packaging
- 5.2.2 Rigid Packaging
- 5.2.3 Automotive and Assembly Operations
- 5.2.4 Agriculture and Horticulture
- 5.2.5 Construction
- 5.2.6 Textiles
- 5.2.7 Electrical and Electronics
- 5.2.8 Other Applications (Coatings, Adhesives, Consumer Goods, and Healthcare)
6. COMPETITIVE LANDSCAPE
- 6.1 Merger & Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Arkema
- 6.4.2 BASF SE
- 6.4.3 Braskem
- 6.4.4 China BBCA Group
- 6.4.5 Eastman Chemical Company
- 6.4.6 FUTERRO S.A.
- 6.4.7 Henan Jindan Lactic Acid Technology Co., Ltd.
- 6.4.8 Indorama Ventures Public Company Limited
- 6.4.9 Kingfa Sci.&Tech. Co.,Ltd.
- 6.4.10 LyondellBasell B.V.
- 6.4.11 Novamont SpA
- 6.4.12 Total Corbion PLA
- 6.4.13 Yangzhou Huitong New Material Co. Ltd
- 6.4.14 Zhejiang Hisun Biomaterials Co., Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Future Prospects in Non-packaging Solutions
- 7.2 Other Opportunities
China 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 China 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 | 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) | ||
| Type | 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) |
Frequently Asked Questions
What is the current China Bioplastics Market size?
The China Bioplastics Market is projected to register a CAGR of 23.44% during the forecast period (2024-2029)
Who are the key players in China Bioplastics Market?
BASF SE, Braskem, FUTERRO S.A., China BBCA Group and Novamont SpA are the major companies operating in the China Bioplastics Market.
What years does this China Bioplastics Market cover?
The report covers the China Bioplastics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Bioplastics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Bioplastics Industry Report
Statistics for the 2024 China Bioplastics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Bioplastics analysis includes a market forecast outlook to for 2024 to 2029) and historical overview. Get a sample of this industry analysis as a free report PDF download.
