The study involved four major activities to estimate the current market size of Bioplastics & Biopolymers market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources such as Factiva, Zauba, Hoovers, and Bloomberg BusinessWeek were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulations from agencies such as European Bioplastics, Biodegradable Plastics Associations, and others.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the Bioplastics & Biopolymers market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (Bioplastics & Biopolymers manufacturers) and supply-side (end-product manufacturers, buyers, and distributors) players across four major regions, namely, North America, Europe, Asia Pacific, South America, and MEA. Approximately 70% and 30% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report. After interacting with industry experts, brief sessions were conducted with experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
Following is the breakdown of primary respondents:
Notes: Companies are classified based on their revenue–Tier 1 = >USD 1 billion, Tier 2 = USD 500 million– USD 1 billion, and Tier 3 = < USD 500 million.
Other designations include sales representatives, production heads, and technicians.
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Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of Bioplastics & Biopolymers market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:
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The key players in the industry and markets were identified through extensive secondary research.
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The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
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All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Global Bioplastics & Biopolymers Market Size: Bottom-Up Approach
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Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Bioplastics and biopolymers refer to a category of materials derived from renewable biological sources, such as plants, algae, or microorganisms, as opposed to traditional plastics, which are derived from petroleum-based sources. These materials are designed to offer similar functionalities and properties to conventional plastics while being environmentally sustainable and biodegradable or compostable under appropriate conditions. Bioplastics and biopolymers play a crucial role in reducing reliance on fossil fuels, mitigating environmental pollution, and promoting circular economy practices by offering alternatives that are derived from renewable resources and have the potential to degrade naturally after use.
Report Objectives
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To analyze and forecast the Bioplastics & Biopolymers market size, terms of value, and volume.
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To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
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To define, describe, and forecast the market by product type, raw material type, by end use, and by region.
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To forecast the size of the market with respect to five regions, namely, Asia Pacific, Europe, North America, South America, and MEA, along with their countries
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To strategically analyze micro markets with respect to individual growth trends, future prospects, and their contribution to the overall market
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To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
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To analyze competitive developments such as new product launch, merger & acquisition, and investment & expansion in the market
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To strategically profile the key players and comprehensively analyze their revenue and core competencies.
Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the Bioplastics & Biopolymers market report:
Product Analysis
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Product matrix, which provides a detailed comparison of the product portfolio of each company
Regional Analysis
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A further breakdown of the Bioplastics & Biopolymers market, by segments
Company Information
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Detailed analysis and profiling of additional market players (up to five)
UNNIKRISHNAN
Nov, 2018
To understand the implementation of plastic waste management in India. .
Nicholas
Apr, 2019
Looking for information on Bioplastic market.
Josselin
Feb, 2019
Market information global bioplastics and compostable plastics market..
yash
Jul, 2016
Invitaion to participate in BioPlastics conference.
Tami
Jul, 2019
General information on Bioplastics and Biopolymers .
Julian
Jul, 2014
Looking for market of Bio-Resin in Automotive, Marine and Construction.
Rob
Oct, 2017
Specific information on current and forecast bioplastics production in US along with segmentation .
Krishna
Jun, 2019
Industrial Hemp Market.
Lucía
Sep, 2019
Specific interest in the market share of Bio-based polymers in this market.
James
Nov, 2018
Incomplete .
Laila
Apr, 2020
What is the market share and growth rate for the Biopolymers industries.
Amir
Mar, 2015
Information on Bio PET, Bio PE, PLA, PHA, Bio PBS, Starch Blends, and Regenerated Cellulose * Application: Packaging, Bottles, Agriculture, Automotive.
Klaus
Dec, 2021
How do you reference this work? Author, publisher etc?.
Kallol
Oct, 2016
Want to understand world production of Bioplastic and future growth.
Shashikant
Sep, 2017
Manufacturers of bio-pesticides, bio-polymer coated bags for post harvest management, we are Interested in bio-plastic..
rittawee
May, 2015
Demand / supply outlook of BioPlastic industry including competitiveness, market pricing, suitable application and challenges..
Abhaysaxena
May, 2019
lookinf for part time association with markets and markets .
Mihaela
Mar, 2018
Require Bioplastics & Biopolymers Market study.