China Bioplastics Market Size (2024 - 2029)

The China 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 COVID-19 pandemic, which disrupted production and supply chains, the market has been on a recovery path since 2022. While the presence of cheaper traditional plastic alternatives poses a challenge, the market's expansion is supported by promising opportunities in construction applications.

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Market Size of China Bioplastics Industry

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China Bioplastics Market Summary
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

China Bioplastics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 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)
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)
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China Bioplastics Market Size Summary

The China 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 recovery post-COVID-19 disruptions has been robust, with the flexible packaging segment playing a crucial role due to the environmental benefits of bioplastics, such as being biodegradable and less harmful to nature. Despite the challenge posed by cheaper alternatives to traditional plastics, the market is poised for expansion, particularly in construction applications, which are expected to offer lucrative opportunities. The growing e-commerce sector in China, the largest in the world, further fuels the demand for flexible packaging, as online shopping continues to rise, necessitating more sustainable packaging solutions.

Polylactic acid (PLA) is a key component in the bioplastics market, known for its low carbon footprint and versatile applications across various industries, including medical, textile, electronics, and automotive. PLA's properties, such as transparency and rigidity, make it an attractive alternative to traditional plastics like polystyrene and polypropylene. The material's biocompatibility and biodegradability have led to its widespread use in biomedical applications, 3D printing, and food packaging. Major players in the market, including China BBCA Group and FUTERRO, are expanding their production capacities to meet the growing demand. Recent collaborations and technological advancements are expected to further enhance PLA production capabilities, contributing to the market's anticipated growth in the coming years.

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China Bioplastics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Bioplastics from the E-commerce Industry

      2. 1.1.2 Growing Personal Care and Food and Beverage Industries

      3. 1.1.3 Other Drivers

    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)

China Bioplastics Market Size FAQs

The China Bioplastics Market is projected to register a CAGR of 23.44% during the forecast period (2024-2029)

BASF SE, Braskem, FUTERRO S.A., China BBCA Group and Novamont SpA are the major companies operating in the China Bioplastics Market.

China Bioplastics Market Report Snapshots

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