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Green And Bio-based Plastic Additives Market Size, Share & Trends Analysis Report By Product, By Type (Plasticizers, Flame Retardants), By Application (Packaging, Consumer Goods & Electronics), By Region, And Segment Forecasts, 2023 - 2030
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Green & Bio-based Plastic Additives Market Growth & Trends:
The global green & bio-based plastic additives market size is anticipated to reach USD 5.37 billion by 2030, registering a CAGR of 7.9% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Increasing adoption and utilization of bioplastics across various industrial sectors and government support in the growth of green and biodegradable plastics is expected to propel the market over the forecast period.
Increasing environmental apprehensions related to plastic waste and its consequences on water and soil pollution are anticipated to be key drivers of market demand. Furthermore, several governments have imposed limitations on traditional and single-use plastics, which are expected to further stimulate the demand for the bioplastics market in the future. This, in turn, is expected to propel the green and bio-based plastic additives market.
Plastics are non-biodegradable and require concerted recycling using accepted techniques to avoid potential harm to the environment. Globally, numerous federal and government regulations have been implemented to oversee plastic waste, to mitigate its adverse effects on the environment.
The demand for bioplastics is on the rise due to a combination of factors, including environmental concerns, regulatory actions, consumer preferences, technological advancements, waste reduction objectives, the promotion of a circular economy, and government support. These factors collectively create opportunities for green and bio-based plastic additives. These additives play a vital role in facilitating the production of sustainable bioplastics, aligning them with various environmental objectives.
Green & Bio-based Plastic Additives Market Report Highlights:
- Based on product, bio-based plastics additives dominated the market in 2022. The global adoption and usage of bioplastics have experienced substantial growth in recent years. Given that bio-based plastic additives are essential components in bioplastics manufacturing, the expanding bioplastics industry will exert a significant influence on the bio-based plastic additives market
- Based on type, the plasticizers segment is expected to grow at the fastest CAGR of 7.4% over the forecast period. This is due to the high utilization of plasticizers as additives in plastic manufacturing
- Based on application, the packaging segment dominated the market and accounted for a market share of 33.2% in 2022. This is due to the increasing adoption of bioplastics in the packaging sector, driven by the rising demand from the food industry
- Capacity expansions, forward integration, and the introduction of new products, such as renewable-based halogen-free flame retardants, bio-based masterbatch carriers, and sustainable fillers, are the major strategies undertaken by the major players to strengthen presence in the market. In June 2021, BASF SE announced the launch of a new brand, VALERAS, for its plastic additives portfolio. This new brand will assist in achieving sustainability goals by offering green plastic additives to plastic manufacturers. VALERAS consolidates the company's extensive experience, innovative solutions, and regulatory support to enhance the sustainability of plastics across the entire polymer value chain
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Product
- 1.1.2. Type
- 1.1.3. Application
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. Type outlook
- 2.2.3. Application outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Green & Bio-based Plastic Additives Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. Green & Bio-based Plastic Additives Market Analysis Tools
- 3.6.1. Industry analysis - Porter's
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
Chapter 5. Green & Bio-based Plastic Additives : Product Estimates & Trend Analysis
- 5.1. Green & Bio-based Plastic Additives Market: Key Takeaways
- 5.2. Green & Bio-based Plastic Additives Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Green Plastic Additives
- 5.3.1. Green plastic additives market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 5.4. Bio-based Plastic Additives
- 5.4.1. Bio-based plastic additives market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
Chapter 6. Green Plastic Additives : Type Estimates & Trend Analysis
- 6.1. Green Plastic Additives Market: Key Takeaways
- 6.2. Green Plastic Additives Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Plasticizers
- 6.3.1. Plasticizers market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 6.4. Flame Retardants
- 6.4.1. Flame retardants market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 6.5. Anti-static & Anti-fogging Agents
- 6.5.1. Anti-static & anti-fogging agents market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 6.6. Colorants
- 6.6.1. Colorants market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 6.7. Stabilizers
- 6.7.1. Stabilizers market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 6.8. Others
- 6.8.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
Chapter 7. Bio-based Plastic Additives : Type Estimates & Trend Analysis
- 7.1. Bio-based Plastic Additives Market: Key Takeaways
- 7.2. Bio-based Plastic Additives Market: Movement & Market Share Analysis, 2022 & 2030
- 7.3. Plasticizers
- 7.3.1. Plasticizers market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 7.4. Flame Retardants
- 7.4.1. Flame retardants market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 7.5. Fillers & Reinforcement Agents
- 7.5.1. Fillers & reinforcement agents market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 7.6. Antimicrobial Agents
- 7.6.1. Antimicrobial agents market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 7.7. Others
- 7.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
Chapter 8. Green & Bio-based Plastic Additives : Application Estimates & Trend Analysis
- 8.1. Green & Bio-based Plastic Additives Market: Key Takeaways
- 8.2. Green & Bio-based Plastic Additives Market: Movement & Market Share Analysis, 2022 & 2030
- 8.3. Packaging
- 8.3.1. Packaging market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 8.3.2. Food packaging
- 8.3.2.1. Food packaging market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 8.3.3. Non-food packaging
- 8.3.3.1. Non-food packaging market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 8.4. Consumer Goods & Electronics
- 8.4.1. Consumer goods & electronics market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 8.5. Medical Devices
- 8.5.1. Medical devices market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 8.6. Textiles
- 8.6.1. Textiles market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
- 8.7. Others
- 8.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Kilo Tons)
Chapter 9. Green & Bio-based Plastic Additives Market: Regional Estimates & Trend Analysis
- 9.1. Regional Outlook
- 9.2. Green & Bio-based Plastic Additives Market by Region: Key Takeaway
- 9.3. North America
- 9.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.3.2. U.S.
- 9.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.3.3. Canada
- 9.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.3.4. Mexico
- 9.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.4. Europe
- 9.4.1. UK
- 9.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.4.2. Germany
- 9.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.4.3. France
- 9.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.4.4. Italy
- 9.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.4.5. Spain
- 9.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.4.6. Poland
- 9.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.4.7. Russia
- 9.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.5. Asia Pacific
- 9.5.1. Japan
- 9.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.5.2. China
- 9.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.5.3. India
- 9.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.5.4. Australia
- 9.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.5.5. Thailand
- 9.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.5.6. South Korea
- 9.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.5.7. Malaysia
- 9.5.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.5.8. Indonesia
- 9.5.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.6. Central & South America
- 9.6.1. Brazil
- 9.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.6.2. Argentina
- 9.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.7. MEA
- 9.7.1. Saudi Arabia
- 9.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.7.2. South Africa
- 9.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
- 9.7.3. UAE
- 9.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Kilo Tons)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis, By Key Market Participants
- 10.2. Market Participant Categorization
- 10.2.1. Avient Corporation
- 10.2.1.1. Company overview
- 10.2.1.2. Financial performance
- 10.2.1.3. Product benchmarking
- 10.2.1.4. Strategic initiatives
- 10.2.2. BASF SE
- 10.2.2.1. Company overview
- 10.2.2.2. Financial performance
- 10.2.2.3. Product benchmarking
- 10.2.2.4. Strategic initiatives
- 10.2.3. Clariant AG
- 10.2.3.1. Company overview
- 10.2.3.2. Financial performance
- 10.2.3.3. Product benchmarking
- 10.2.3.4. Strategic initiatives
- 10.2.4. Emery Oleochemicals
- 10.2.4.1. Company overview
- 10.2.4.2. Financial performance
- 10.2.4.3. Product benchmarking
- 10.2.4.4. Strategic initiatives
- 10.2.5. Greenchemicals S.r.l.
- 10.2.5.1. Company overview
- 10.2.5.2. Financial performance
- 10.2.5.3. Product benchmarking
- 10.2.5.4. Strategic initiatives
- 10.2.6. InKemia Green Chemicals, Inc.
- 10.2.6.1. Company overview
- 10.2.6.2. Financial performance
- 10.2.6.3. Product benchmarking
- 10.2.6.4. Strategic initiatives
- 10.2.7. Dow
- 10.2.7.1. Company overview
- 10.2.7.2. Financial performance
- 10.2.7.3. Product benchmarking
- 10.2.7.4. Strategic initiatives
- 10.2.8. Evonik Industries AG
- 10.2.8.1. Company overview
- 10.2.8.2. Financial performance
- 10.2.8.3. Product benchmarking
- 10.2.8.4. Strategic initiatives
- 10.2.9. DIC Corporation
- 10.2.9.1. Company overview
- 10.2.9.2. Financial performance
- 10.2.9.3. Product benchmarking
- 10.2.9.4. Strategic initiatives
- 10.2.10. LANXESS
- 10.2.10.1. Company overview
- 10.2.10.2. Financial performance
- 10.2.10.3. Product benchmarking
- 10.2.10.4. Strategic initiatives
- 10.2.11. Solvay
- 10.2.11.1. Company overview
- 10.2.11.2. Financial performance
- 10.2.11.3. Product benchmarking
- 10.2.11.4. Strategic initiatives
- 10.2.12. ACS Technical Products
- 10.2.12.1. Company overview
- 10.2.12.2. Financial performance
- 10.2.12.3. Product benchmarking
- 10.2.12.4. Strategic initiatives
- 10.2.13. Matrica S.p.A.
- 10.2.13.1. Company overview
- 10.2.13.2. Financial performance
- 10.2.13.3. Product benchmarking
- 10.2.13.4. Strategic initiatives
- 10.2.14. Composition Materials Co., Inc.
- 10.2.14.1. Company overview
- 10.2.14.2. Financial performance
- 10.2.14.3. Product benchmarking
- 10.2.14.4. Strategic initiatives
- 10.2.15. Roquette Freres.
- 10.2.15.1. Company overview
- 10.2.15.2. Financial performance
- 10.2.15.3. Product benchmarking
- 10.2.15.4. Strategic initiatives
- 10.2.16. Devan
- 10.2.16.1. Company overview
- 10.2.16.2. Financial performance
- 10.2.16.3. Product benchmarking
- 10.2.16.4. Strategic initiatives
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