Asia Pacific Biodegradable Plastic Market to 2027 - Regional Analysis and Forecasts by Type (PLA, PHA, Starch Blends, PBS, PBAT, and Others), End User (Packaging and Bags, Agriculture & Horticulture, Consumer Goods, and Others), and Countries


The Asia Pacific biodegradable plastic market is accounted to US$ 731.0 Mn in 2018 and is expected to grow at a CAGR of 16.6% during the forecast period 2019 - 2027, to account to US$ 2,916.1 Mn by 2027. The Asia Pacific biodegradable plastic market is segmented on the basis of type as - PHA, PLA, starch blends, biodegradable polyesters and others. The starch blend Asia Pacific biodegradable plastic market is estimated to hold a dominant share in the market. The starch blend polymer bio-blends are biodegradable polymeric materials which are composed of cellulosic-based biomaterials that can be degraded by enzymes and microorganisms. The combination of starch and polyolefin produces a single material carrying the biodegradation properties of starch with the thermal, mechanical and barrier properties of polyolefin. The common starches that are used are rice starch, sago and tapioca starch, whereas the polyolefin used are polypropylene and polyethylene. The low permeability of starch films has made it an element of choice for the food packaging application. In the granular state, starch blends are used as a component in synthetic polymer blends and as a filling agent for polyolefin. The starches can be modified by means of grafting with vinyl monomers such as methyl acrylate.

The Asia Pacific biodegradable plastic market is segmented on the basis of end user as: packaging and bags, agriculture and horticulture, consumer goods, textile and others. The packaging and bags segment accounts the largest share in the Asia Pacific biodegradable plastic market, while the other end-users segment also contributes a significant share in the market. The biodegradable plastics have found a profound place in the packaging and bags sector considering the growing demand for biodegradable plastic from the packaging sector due to its properties like being stronger and convenient to use as compared to the traditional plastics. Rigid packaging is implemented by manufacturers of cosmetic goods, as well as beverage bottles, among others. Materials including bio-PE, PLA, or bio-PET, are commonly used in rigid biodegradable plastic packaging.  
    
Clean up efforts taken up by various Asian governments is one of the key drivers for the growth of Asia Pacific biodegradable plastic market. The supportive government policies for biodegradable plastics worldwide have further propelled the use of these plastics. Bans on conventional plastics in several countries, technological and legislative support, and commercial environment are a few of the factors that further boost the market growth. For instance, many Asian countries, such as China, India, Japan, and Australia, are collectively initiating a clean-up effort to reduce unnecessary waste by banning or regulating the use of plastic bags. For instance, India tackled their plastic waste issue by introducing a ban on disposable plastic, in accordance with a ruling by the High Court.        
         
Asia Pacific biodegradable plastic market in segmented on the basis of country as - Australia, China, India, Japan, South Korea and reset of Asia Pacific. China has a major share in the Asia Pacific biodegradable plastic market, which is followed by Japan. The high per capita consumption, and increase in government initiatives are some of the important drivers for the growth of biodegradable plastic market in China. The rising concerns over plastic use may lead to regulators banning single-use, non-biodegradable plastics such as cutlery and packaging in the country. Biodegradable plastic production is expected to grow over the forecast period.                                                                                                      

Some of the players present in Asia Pacific biodegradable plastic market are API SpA, BASF S.E., FKuR Kunststoff GmbH, Balson Industries, Novamont S.p.A., Kingfa Sci. & Tech. Co., Ltd., GuangDong Huazhilu Biological Material Co., Ltd., Mitsubishi Chemical Corporation, Plantic Technologies Limited and Total Corbion PLA.
     
The overall Asia Pacific biodegradable plastic market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Asia Pacific biodegradable plastic market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia Pacific biodegradable plastic market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Biodegradable Plastic Market ? By Type
1.3.2 Asia Pacific Biodegradable Plastic Market ? By End-User
1.3.3 Asia Pacific Biodegradable Plastic Market ? By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Biodegradable Plastic Market Landscape
4.1 Market Overview
4.1.1 APAC PEST Analysis
5. Biodegradable Plastic Market ? Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing awareness of the adverse effects attributed to conventional plastics
5.1.2 Clean up efforts taken up by various Asian governments
5.2 Restraints
5.2.1 Cheaper alternatives like conventional plastics
5.3 Opportunity
5.3.1 Implementation of biodegradable plastics in biomedical applications
5.4 Future trends
5.4.1 Implementation of biodegradable plastic in biomedical applications
5.5 Impact Analysis of Drivers and Restraints
6. Biodegradable Plastic ? Asia Pacific Market Analysis
6.1 Asia Pacific Biodegradable Plastic Market Overview
6.2 Asia Pacific Biodegradable Plastic Market Forecast and Analysis
7. Asia Pacific Biodegradable Plastic Market Analysis ? By Type
7.1 Overview
7.2 Asia Pacific Biodegradable Plastic Market Breakdown, By Type, 2018 & 2027
7.3 PHA
7.3.1 Overview
7.3.2 Asia Pacific PHA Market Revenue Forecasts To 2027 (US$ Mn)
7.4 PLA
7.4.1 Overview
7.4.2 Asia Pacific PLA Market Revenue and Forecasts To 2027 (US$ Mn)
7.5 Starch Blends
7.5.1 Overview
7.5.2 Asia Pacific Starch Blends Market Revenue and Forecasts To 2027 (US$ Mn)
7.6 PBS
7.6.1 Overview
7.6.2 Asia Pacific PBS Market Revenue and Forecasts To 2027 (US$ Mn)
7.7 PBAT
7.7.1 Overview
7.7.2 Asia Pacific PBAT Market Revenue and Forecasts To 2027 (US$ Mn)
7.8 Other
7.8.1 Overview
7.8.2 Asia Pacific Other Types Market Revenue and Forecasts To 2027 (US$ Mn)
8. Asia Pacific Biodegradable Plastic Market Analysis ? By End-User
8.1 Overview
8.2 Asia Pacific Biodegradable Plastic Market Breakdown, By end-user, 2018 & 2027
8.3 Packaging & Bags
8.3.1 Overview
8.3.2 Asia Pacific Packaging & Bags Market Revenue and Forecasts To 2027 (US$ Mn)
8.4 Agriculture & Horticulture
8.4.1 Overview
8.4.2 Asia Pacific Agriculture & Horticulture Market Revenue and Forecasts To 2027 (US$ Mn)
8.5 Consumer Goods
8.5.1 Overview
8.5.2 Asia Pacific Consumer Goods Market Revenue and Forecasts To 2027 (US$ Mn)
8.6 Other
8.6.1 Overview
8.6.2 Asia Pacific Other End-Users Market Revenue and Forecasts To 2027 (US$ Mn)
9. Biodegradable Plastic Market ? Country Analysis
9.1 Overview
9.1.1 Asia Pacific Biodegradable Plastic Market Breakdown, by Key Countries
9.1.1.1 Australia Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
9.1.1.1.1 Australia Biodegradable Plastic Market Breakdown by Type
9.1.1.1.2 Australia Biodegradable Plastic Market Breakdown by End User
9.1.1.2 China Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.2.1 China Biodegradable Plastic Market Breakdown by Type
9.1.1.2.2 China Biodegradable Plastic Market Breakdown by End User
9.1.1.3 India Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.3.1 India Biodegradable Plastic Market Breakdown by Type
9.1.1.3.2 India Biodegradable Plastic Market Breakdown by End User
9.1.1.4 Japan Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.4.1 Japan Biodegradable Plastic Market Breakdown by Type
9.1.1.4.2 Japan Biodegradable Plastic Market Breakdown by End User
9.1.1.5 South Korea Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.5.1 South Korea Biodegradable Plastic Market Breakdown by Type
9.1.1.5.2 South Korea Biodegradable Plastic Market Breakdown by End User
9.1.1.6 Rest of Asia Pacific Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ MN)
9.1.1.6.1 Rest of Asia Pacific Biodegradable Plastic Market Breakdown by Type
9.1.1.6.2 Rest of Asia Pacific Biodegradable Plastic Market Breakdown by End User
10. Industry Landscape
10.1 Overview
10.2 Strategy And Business Planning
11. Company Profiles
11.1 API SpA
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 BASF S.E.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 FKuR Kunststoff GmbH
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Balson Industries
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 Novamont S.p.A.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 Kingfa Sci. & Tech. Co., Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.7 GuangDong Huazhilu Biological Material Co., Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.8 Mitsubishi Chemical Corporation
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Plantic Technologies Limited
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Total Corbion PLA
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Insight Partners
12.2 Glossary

LIST OF TABLES Table 1. Asia Pacific Biodegradable Plastic Market Revenue and Forecasts to 2027 (US$ Mn) Table 2. Asia Pacific Biodegradable Plastic Market Revenue and Forecasts to 2027 ? By Type (US$ Mn) Table 3. Asia Pacific Biodegradable Plastic Market Revenue and Forecasts to 2027 ? By End-User (US$ Mn) Table 4. Australia Biodegradable Plastic market Revenue and Forecasts to 2027 ? By Type (US$ Mn) Table 5. Australia Biodegradable Plastic Market Revenue and Forecasts to 2027 ? By End User (US$ Mn) Table 6. China Biodegradable Plastic Market Revenue and Forecasts to 2027 ? By Type (US$ Mn) Table 7. China Biodegradable Plastic Market Revenue and Forecasts to 2027 ? By End User (US$ Mn) Table 8. India Biodegradable Plastic Market Revenue and Forecasts to 2027 ? By TYPE (US$ Mn) Table 9. India Biodegradable Plastic Market Revenue and Forecasts to 2027 ? By End User (US$ Mn) Table 10. Japan Biodegradable Plastic Market Revenue and Forecasts to 2027 ? By TYPE (US$ Mn) Table 11. Japan Biodegradable Plastic Market Revenue and Forecasts to 2027 ? By End User (US$ Mn) Table 12. South Korea Biodegradable Plastic market Revenue and Forecasts to 2027 ? By Type (US$ Mn) Table 13. South Korea Biodegradable Plastic Market Revenue and Forecasts to 2027 ? By End User (US$ Mn) Table 14. Rest of Asia Pacific Biodegradable Plastic market Revenue and Forecasts to 2027 ? By Type (US$ Mn) Table 15. Rest of Asia Pacific Biodegradable Plastic Market Revenue and Forecasts to 2027 ? By End User (US$ Mn) Table 16. Glossary of Terms, Biodegradable plastic Market

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