Horticulture Bioplastic Market is worth USD 4.12 Billion in 2022 and is estimated to grow at a CAGR of 12.2% in the forecasted period. The forecasted revenue hints at around 9.43 billion USD in growth by 2029.
Horticulture Bioplastic Market Overview:
The primary goal of this research is to assist the user in understanding the Horticulture Bioplastic Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Horticulture Bioplastic industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Horticulture Bioplastic Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Horticulture Bioplastic Market Segmentation:
The two primary categories of horticulture bioplastics are bio-based and petrochemical-based. The market share of Bio Based has grown. The market share shows that the emergence of bio-based products is imminent due to the mounting pressure on petrochemical products. In the future, it’s also anticipated that bio-based types would increase gradually.
The four market sectors for horticulture bioplastics are starch-based bioplastics, polylactic acid, polyhydroxyalkanoates, and polybutylene adipateterephthalate. Because it possesses multiple desirable mechanical qualities at a cheaper cost, polylactic acid has the biggest market share. Additionally, ring-opening polymerization of lactide monomer yields PLA, a type of aliphatic polyester. The material becomes dynamic as a result, expanding its potential uses. Bioplastics made of starch are another excellent choice, however they are not very durable.
The main applications for horticulture bioplastics are greenhouse films, mulch films, plant pots, trays, containers, and irrigation systems. Among the sub-segments, greenhouse films have demonstrated the highest market share. The category is expanding as a result of the rising population and the rising demand for food production, as well as the rising demand for greenhouse-protected farming. The improvement of crops and higher yields are greatly aided by greenhouse films.
The four market sectors for horticulture bioplastics are professional horticulture growers, nurseries, landscaping businesses, and home gardeners. The market share held by home gardeners is the largest and is projected to increase. Home gardeners are an important group because they produce the majority of the plants. Other end users include nurseries and landscaping, however home gardeners still account for the majority of market share.
Horticulture Bioplastic Market Size and Forecast, by Row Material (2022-2029)
1. Starch-based bioplastics
2. Polylactic acid
4. Polybutylene adipate terephthalate
Horticulture Bioplastic Market Size and Forecast, by Type (2022-2029)
1. Bio Based
2. Petrochemical Based
Horticulture Bioplastic Market Size and Forecast, by Application (2022-2029)
3. Greenhouse films
3. Mulch films
3. Plant pots
6. Irrigation systems
Horticulture Bioplastic Market Size and Forecast, by End-User (2022-2029)
1. Professional horticulture growers
3. Landscaping companies
4. Home gardeners
Horticulture Bioplastic Market Size and Forecast, by Region (2022-2029)
1. North America
3. Asia Pacific
4. Middle East and Africa
5. South America
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Horticulture Bioplastic Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Horticulture Bioplastic market are
1. NatureWorks LLC (United States)
2. Danimer Scientific (United States)
3. Yield10 Bioscience, Inc. (United States)
4. Green Dot Bioplastics (United States)
5. Eco-Products, Inc. (United States)
6. Fkur Plastics Corp. (United States)
7. BASF SE (Germany)
8. Novamont S.p.A (Italy)
9. Biome Bioplastics Ltd (United Kingdom)
10. Total Corbion PLA (Netherlands)
11. Arkema S.A. (France)
12. Bio-On S.p.A (Italy)
13. FKuR Kunststoff GmbH (Germany)
14. Biobag International AS (Norway)
15. Plaxica Limited (United Kingdom)
16. Bio-Fed (Germany)
17. API SpA (Italy)
18. Bio4Pack BV (Netherlands)
19. Tianan Biologic Materials Co., Ltd. (China)
20. Kaneka Corporation (Japan)
21. PTT MCC Biochem Company Limited (Thailand)
22. Plantic Technologies Limited (Australia)
23. Mitsubishi Chemical Corporation (Japan)
24. Cardia Bioplastics Limited (Australia)
25. Braskem S.A. (Brazil)
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The report focuses on Global Regions and Market Size of Horticulture Bioplastic, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Horticulture Bioplastic Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Horticulture Bioplastic industry in 2021.
Key Questions Answered in the Horticulture Bioplastic Market Report are:
- What is the function of Horticulture Bioplastic?
- What is the predicted revenue generation of the Horticulture Bioplastic market?
- At what growth rate is the Horticulture Bioplastic market evolving?
- Who are the major market giants operating in the Horticulture Bioplastic market?