Global Horticulture Bioplastic Market Overview
The Horticulture Bioplastic Market was estimated at USD 10.55 billion in 2023 and is anticipated to reach USD 62.70 billion by 2032, growing at a CAGR of 21.90% globally.
Bioplastics are plastics made from renewable biomass sources such as vegetable fats and oils, corn starch, straw, woodchips, sawdust, and recovered food waste, among others. Some bioplastics are made directly from natural biopolymers such as polysaccharides (e.g. starch, cellulose, chitosan, and alginate) and proteins (e.g. soy protein, gluten, and gelatin), while others are chemically synthesized from sugar derivatives (e.g. lactic acid) and lipids (oils and fats) from plants and animals, or biologically produced through sugar or lipid fermentation. Common plastics, such as fossil-fuel plastics (also known as petro-based polymers), on the other hand, are made from petroleum or natural gas.
To make Horticulture Bioplastics acceptable for field use and competitive with plastic products, manufacturers must also collaborate with consumers and suppliers. Manufacturers must offer superior performance attributes, as well as economic viability and ease of availability, for horticulture bioplastic to become a widely utilized material. To retain green solutions for the horticulture sector, manufacturers should also focus on specific conditions required for disposal at end-of-life with current recycling systems. Bioplastics are being employed in a growing number of applications, including packaging and consumer goods also. According to the European Bioplastics Conference, the global production of horticulture bioplastics was 243000 tons in 2021.
Market Dynamics And Key Factors of Horticulture Bioplastic Market
Drivers:
Eco-Friendly Plastic Is Made from Horticultural Waste
The environment is becoming increasingly contaminated. The water is becoming a dumping ground for plastic bottles, plastic bags, and other harmful materials, posing a threat to marine life and the environment. Though plastic is used in agriculture for mulching and other uses, no one has ever considered that horticulture trash could be transformed into environmentally beneficial plastic. Researchers at Ecoembes' Circular Lab, a circular economy innovation Centre, have invented a new plastic that is biobased, compostable, recyclable, and biodegradable at sea. It's manufactured from fruit and vegetable waste, and it's expected to be approved for usage in the next five years. Jorge Garca, an Ecoembes innovation specialist, explains the distinctions between biobased bioplastic (made from biomass) and biodegradable bioplastic (which come from oil). The project's major purpose, according to Garca, was to create biobased and compostable packaging. Now that the product has been developed in the laboratory, it's time for the industry to approve it and issue compliance certificates. In around five years, the plastic items that come from this breakthrough could be on the market.
Growing Awareness Among the Individuals by Supporting the Government Policies
In the next years, demand for horticulture bioplastics will be driven by a shift in customer preferences toward environmentally friendly products. As a result, major plastic makers and packaging vendors have shifted their focus to bioplastic technology. Furthermore, landfills constitute a significant environmental threat, prompting the use of bioplastic in horticulture techniques. With innovative biodegradable materials, greenhouses and gardeners may simply reduce the environmental impact of plastic pots. Government initiatives are encouraging horticulturists to utilize sustainable and environmentally friendly goods, which is one of the primary drivers driving the bioplastics market in the horticulture industry. Organizations that produce and promote environmentally friendly materials can also benefit from government subsidies, incentives, exemptions, and certifications.
Restraints:
Slow Decomposition Hampering the Market Growth
Crop-based bioplastics are dependent on weather conditions and require fertile land, water, and fertilizers. This means that natural disasters, such as drought, could threaten the supply of raw ingredients for bioplastics. Due to inferior mechanical qualities, such as more water vapor permeability than normal plastic, being easy to shred like tissue paper, or being exceedingly brittle, some bioplastics have a shorter lifetime than oil-based polymers. When placed in water, some algae-based bioplastics will degrade in a matter of hours, making them both biodegradable and fragile. Recycling horticultural bioplastic products is a time-consuming and expensive procedure, which has limited its use in the industry. The slow breakdown of horticulture bioplastics may also limit their usage in agriculture.
Opportunities:
New Development Will Reshape the Bioplastic Industry
The environmental impact of vast amounts of non-biodegradable waste materials is spurring research into novel biodegradable materials made from natural resources such as biomass, plants, and microorganisms. Bioplastics' new improvements in the future may result in increased manufacturing efficiency, as well as new applications and prospects for bioplastics. Furthermore, due to its long-term viability, the future market for bioplastics is expected to grow. Furthermore, microorganism biotechnology opens the door to bioplastic production because it may be used and commercialized in a variety of industries, including agriculture, medicine, pharmaceuticals, and veterinary medicine. As a result, a new bioplastics guideline and standard should be developed for bioplastics production, use, and waste disposal around the world. As a result, product labeling legislation must be improved to consider raw material usage, energy consumption, and manufacturing and use emissions.
Challenges:
Bioplastics are frequently advocated as a long-term and environmentally friendly alternative to traditional plastics. However, the creation of bioplastics has become the most difficult task since it must avoid disturbing potential food sources. This situation can be alleviated by utilizing non-food resources for the task. Second-generation bioplastics are what they're termed. These, on the other hand, must be manufactured using methods like extrusion, compression, and injection molding. Bioplastics' potential environmental hazards and repercussions have yet to be fully explored and understood. As a result, more research is needed to overcome the restricted resources available, improve resource efficiency, and mitigate environmental issues.
Market Segmentation
Segmentation Analysis of Horticulture Bioplastic Market:
By Type, the bio-based segment is anticipated to dominate the horticulture bioplastic market over the forecast period. Bio-based plastics are fully or partially made from biological resources, rather than fossil raw materials. The Bio range of protective solutions is made from plant-based bioplastic. Sourced from sugar canes, the Bio range is a natural progression in our commitment to make a positive impact on the world around us. Bioplastics have the same physical and chemical properties as regular plastic and maintain full recycling capabilities. In various applications from transportation and industrial to energy and packaging, bio-based materials have demonstrated performance benefits over petroleum-derived incumbents.
By Raw Material, Bio- the Polyethene Terephthalate segment is expected to dominate the Horticulture Bioplastic market over the forecast period. Polyesters are a broad class of polymers with the potential to be synthesized from bio-based feedstocks. According to the European Bioplastic Report, the most important for a shift toward bio-based chemicals are PET, PBT, PBS, PBA, and the copolymers PBAT, poly (butylene succinate-co-lactate) (PBSL), poly (butylene succinate adipate) (PBSA), and poly (butylene succinate terephthalate) (PBST), but also polyvinylacetate (PVAc), polyacrylates, poly (trim Those polymers are made from a bio-based diol, whereas diacid or diester can be bio-based (such as succinic or adipic acid) or petrochemical-based (such as PTA and/or dimethyl terephthalate, DMT). PET is the most commonly used polyester, with physical and mechanical qualities that make it excellent for fiber (65%) and packaging (35%). This last application is for bottles (76%), containers (11%), and films (13%). It is essential in the plastic industry, but due to its poor sustainability due to a much slower degradability, it causes serious environmental difficulties, particularly for waste treatment, when utilized for short-term applications, such as food packaging.
Regional Analysis of Horticulture Bioplastic Market:
North America presently dominates the horticulture bioplastic industry, and this dominance is expected to remain in the next years. Government support and growing consumer health awareness are the key elements pushing the development of bioplastics. The presence of prominent manufacturers such as Metabolix, Inc. (US), Green Dot Bioplastics (US), Good Natured Products Inc. (Canada), Natureworks LLC (US), and others is accelerating the market's expansion over the projection period. To grow their business, the market's leading players have used methods such as R&D investment, innovations, and developments in the industry, new product releases, acquisitions, and mergers.
The Asia-Pacific region is the major shareholder in the global bioplastic industry in terms of market size and volume. This increase was considerable due to low production and labor costs, rapid urbanization, and industrialization in developing countries such as Japan, China, and India, and increased awareness of the benefits of bio-based chemicals. According to a European Bioplastics report, around 56 percent is produced in the region. The sector in this region is predicted to grow fast as China concentrates on adopting its foreign investment law, which has been delayed owing to the worldwide pandemic. The region's thriving packaging industry will help to drive regional growth even further.
One of the key factors impacting the market in the Rest of the World is the growing demand for bioplastics for agriculture and horticulture. Furthermore, the expansion of the food products manufacturing industry will be a defining component in the region's progress. As the global society seeks restrictions on the use of traditional plastics, these manufacturers have sought sustainable packaging options for their products.
Players Covered In Horticulture Bioplastic Market are:
- BASF S.A. (Germany)
- Braskem (Brazil)
- Cardia Bioplastics (Australia)
- Novomant SPA (Italy)
- Metabolix Inc. (US)
- Innovia Films (UK)
- Biome Technologies Plc (UK)
- FKuR Kunststoff GmbH (Germany)
- Green Dot Bioplastics (US)
- Good Natured Products Inc. (Canada)
- Natureworks LLC (US)
- Corbion Purac (Netherlands)
- Purac (Netherlands) and other major players.
COVID-19 Impact Analysis on Horticulture Bioplastic Market
According to World Bank data, global GDP will have decreased by around 3.5 percent in 2020 as a result of the COVID-19 epidemic. By 2021, several countries' economies have begun to recover and have partially adjusted to pandemic constraints. Since the advent of the COVID-19 pandemic, all production, manufacturing, research, import-export, and other operations have come to a halt. The COVID-19 epidemic has resulted in severe economic, industrial, GDP, and, most significantly, human life losses, as well as the emergence of a hunger crisis among lower-income and daily wage laborers, who are unable to feed their families. The industry's processing and output were halted due to a decline in plastic manufacture. Many end-user industries, including transportation, industrial equipment, consumer items, automotive, electronics, and construction, were severely damaged. The COVID-19 epidemic prompted the installation of a lockdown, which reduced horticulture bioplastic production and disrupted the worldwide supply chain, lowering demand for the horticulture bioplastic market.
Key Industry Developments In Horticulture Bioplastic Market
- In January 2023, US Agriculture Secretary Tom Vilsack stated that the USDA is following through on its promise to expand markets by spending US$1 Bn in partnerships to benefit America's climate-smart farmers, ranchers, and forest landowners. The new Partnerships for Climate-Smart Commodities opportunity will fund pilot projects to develop market opportunities for US agriculture and forestry goods that adopt climate-smart practices and incorporate novel, cost-effective methods of measuring and verifying greenhouse gas benefits.
Global Horticulture Bioplastic Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 10.55 Bn. |
Forecast Period 2024-32 CAGR: |
21.90% |
Market Size in 2032: |
USD 62.70 Bn. |
Segments Covered: |
By Type |
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By Raw Material |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
ā3.1 By Type
ā3.2 By Raw Material
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on the Pricing
Chapter 5: Horticulture Bioplastic Market by Type
ā5.1 Horticulture Bioplastic Market Overview Snapshot and Growth Engine
ā5.2 Horticulture Bioplastic Market Overview
ā5.3 Bio based
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2017-2032F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Bio based: Grographic Segmentation
ā5.4 Petrochemical based
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2017-2032F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Petrochemical based: Grographic Segmentation
Chapter 6: Horticulture Bioplastic Market by Raw Material
ā6.1 Horticulture Bioplastic Market Overview Snapshot and Growth Engine
ā6.2 Horticulture Bioplastic Market Overview
ā6.3 Polyesters
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2017-2032F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Polyesters: Grographic Segmentation
ā6.4 Bio-Polyethylene
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2017-2032F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 Bio-Polyethylene: Grographic Segmentation
ā6.5 Polylactic Acid
āā6.5.1 Introduction and Market Overview
āā6.5.2 Historic and Forecasted Market Size (2017-2032F)
āā6.5.3 Key Market Trends, Growth Factors and Opportunities
āā6.5.4 Polylactic Acid: Grographic Segmentation
ā6.6 Bio-Polyamide
āā6.6.1 Introduction and Market Overview
āā6.6.2 Historic and Forecasted Market Size (2017-2032F)
āā6.6.3 Key Market Trends, Growth Factors and Opportunities
āā6.6.4 Bio-Polyamide: Grographic Segmentation
ā6.7 Bio-Polyethene Terephthalate
āā6.7.1 Introduction and Market Overview
āā6.7.2 Historic and Forecasted Market Size (2017-2032F)
āā6.7.3 Key Market Trends, Growth Factors and Opportunities
āā6.7.4 Bio-Polyethene Terephthalate: Grographic Segmentation
ā6.8 Polyhydroxyalkanoates
āā6.8.1 Introduction and Market Overview
āā6.8.2 Historic and Forecasted Market Size (2017-2032F)
āā6.8.3 Key Market Trends, Growth Factors and Opportunities
āā6.8.4 Polyhydroxyalkanoates: Grographic Segmentation
ā6.9 Starch Blends
āā6.9.1 Introduction and Market Overview
āā6.9.2 Historic and Forecasted Market Size (2017-2032F)
āā6.9.3 Key Market Trends, Growth Factors and Opportunities
āā6.9.4 Starch Blends: Grographic Segmentation
ā6.10 Others
āā6.10.1 Introduction and Market Overview
āā6.10.2 Historic and Forecasted Market Size (2017-2032F)
āā6.10.3 Key Market Trends, Growth Factors and Opportunities
āā6.10.4 Others: Grographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
ā7.1 Competitive Landscape
āā7.1.1 Competitive Positioning
āā7.1.2 Horticulture Bioplastic Sales and Market Share By Players
āā7.1.3 Industry BCG Matrix
āā7.1.4 Ansoff Matrix
āā7.1.5 Horticulture Bioplastic Industry Concentration Ratio (CR5 and HHI)
āā7.1.6 Top 5 Horticulture Bioplastic Players Market Share
āā7.1.7 Mergers and Acquisitions
āā7.1.8 Business Strategies By Top Players
ā7.2 BASF S.A.
āā7.2.1 Company Overview
āā7.2.2 Key Executives
āā7.2.3 Company Snapshot
āā7.2.4 Operating Business Segments
āā7.2.5 Product Portfolio
āā7.2.6 Business Performance
āā7.2.7 Key Strategic Moves and Recent Developments
āā7.2.8 SWOT Analysis
ā7.3 BRASKEM
ā7.4 CARDIA BIOPLASTICS
ā7.5 NOVOMANT SPA
ā7.6 METABOLIX INC.
ā7.7 INNOVIA FILMS
ā7.8 BIOME TECHNOLOGIES PLC
ā7.9 FKUR KUNSTSTOFF GMBH
ā7.10 GREEN DOT BIOPLASTICS
ā7.11 GOOD NATURED PRODUCTS INC.
ā7.12 NATUREWORKS LLC
ā7.13 CORBION PURAC
ā7.14 PURAC
ā7.15 OTHER MAJOR PLAYERS
Chapter 8: Global Horticulture Bioplastic Market Analysis, Insights and Forecast, 2017-2032
ā8.1 Market Overview
ā8.2 Historic and Forecasted Market Size By Type
āā8.2.1 Bio based
āā8.2.2 Petrochemical based
ā8.3 Historic and Forecasted Market Size By Raw Material
āā8.3.1 Polyesters
āā8.3.2 Bio-Polyethylene
āā8.3.3 Polylactic Acid
āā8.3.4 Bio-Polyamide
āā8.3.5 Bio-Polyethene Terephthalate
āā8.3.6 Polyhydroxyalkanoates
āā8.3.7 Starch Blends
āā8.3.8 Others
Chapter 9: North America Horticulture Bioplastic Market Analysis, Insights and Forecast, 2017-2032
ā9.1 Key Market Trends, Growth Factors and Opportunities
ā9.2 Impact of Covid-19
ā9.3 Key Players
ā9.4 Key Market Trends, Growth Factors and Opportunities
ā9.4 Historic and Forecasted Market Size By Type
āā9.4.1 Bio based
āā9.4.2 Petrochemical based
ā9.5 Historic and Forecasted Market Size By Raw Material
āā9.5.1 Polyesters
āā9.5.2 Bio-Polyethylene
āā9.5.3 Polylactic Acid
āā9.5.4 Bio-Polyamide
āā9.5.5 Bio-Polyethene Terephthalate
āā9.5.6 Polyhydroxyalkanoates
āā9.5.7 Starch Blends
āā9.5.8 Others
ā9.6 Historic and Forecast Market Size by Country
āā9.6.1 U.S.
āā9.6.2 Canada
āā9.6.3 Mexico
Chapter 10: Europe Horticulture Bioplastic Market Analysis, Insights and Forecast, 2017-2032
ā10.1 Key Market Trends, Growth Factors and Opportunities
ā10.2 Impact of Covid-19
ā10.3 Key Players
ā10.4 Key Market Trends, Growth Factors and Opportunities
ā10.4 Historic and Forecasted Market Size By Type
āā10.4.1 Bio based
āā10.4.2 Petrochemical based
ā10.5 Historic and Forecasted Market Size By Raw Material
āā10.5.1 Polyesters
āā10.5.2 Bio-Polyethylene
āā10.5.3 Polylactic Acid
āā10.5.4 Bio-Polyamide
āā10.5.5 Bio-Polyethene Terephthalate
āā10.5.6 Polyhydroxyalkanoates
āā10.5.7 Starch Blends
āā10.5.8 Others
ā10.6 Historic and Forecast Market Size by Country
āā10.6.1 Germany
āā10.6.2 U.K.
āā10.6.3 France
āā10.6.4 Italy
āā10.6.5 Russia
āā10.6.6 Spain
āā10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Horticulture Bioplastic Market Analysis, Insights and Forecast, 2017-2032
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By Type
āā11.4.1 Bio based
āā11.4.2 Petrochemical based
ā11.5 Historic and Forecasted Market Size By Raw Material
āā11.5.1 Polyesters
āā11.5.2 Bio-Polyethylene
āā11.5.3 Polylactic Acid
āā11.5.4 Bio-Polyamide
āā11.5.5 Bio-Polyethene Terephthalate
āā11.5.6 Polyhydroxyalkanoates
āā11.5.7 Starch Blends
āā11.5.8 Others
ā11.6 Historic and Forecast Market Size by Country
āā11.6.1 China
āā11.6.2 India
āā11.6.3 Japan
āā11.6.4 Singapore
āā11.6.5 Australia
āā11.6.6 New Zealand
āā11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Horticulture Bioplastic Market Analysis, Insights and Forecast, 2017-2032
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By Type
āā12.4.1 Bio based
āā12.4.2 Petrochemical based
ā12.5 Historic and Forecasted Market Size By Raw Material
āā12.5.1 Polyesters
āā12.5.2 Bio-Polyethylene
āā12.5.3 Polylactic Acid
āā12.5.4 Bio-Polyamide
āā12.5.5 Bio-Polyethene Terephthalate
āā12.5.6 Polyhydroxyalkanoates
āā12.5.7 Starch Blends
āā12.5.8 Others
ā12.6 Historic and Forecast Market Size by Country
āā12.6.1 Turkey
āā12.6.2 Saudi Arabia
āā12.6.3 Iran
āā12.6.4 UAE
āā12.6.5 Africa
āā12.6.6 Rest of MEA
Chapter 13: South America Horticulture Bioplastic Market Analysis, Insights and Forecast, 2017-2032
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By Type
āā13.4.1 Bio based
āā13.4.2 Petrochemical based
ā13.5 Historic and Forecasted Market Size By Raw Material
āā13.5.1 Polyesters
āā13.5.2 Bio-Polyethylene
āā13.5.3 Polylactic Acid
āā13.5.4 Bio-Polyamide
āā13.5.5 Bio-Polyethene Terephthalate
āā13.5.6 Polyhydroxyalkanoates
āā13.5.7 Starch Blends
āā13.5.8 Others
ā13.6 Historic and Forecast Market Size by Country
āā13.6.1 Brazil
āā13.6.2 Argentina
āā13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global Horticulture Bioplastic Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 10.55 Bn. |
Forecast Period 2024-32 CAGR: |
21.90% |
Market Size in 2032: |
USD 62.70 Bn. |
Segments Covered: |
By Type |
|
|
By Raw Material |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the market Horticulture Bioplastic research report is 2024-2032.
BASF S.A. (Germany), Braskem (Brazil), Cardia Bioplastics (Australia), Novomant SPA (Italy), Metabolix Inc. (US), Innovia Films (UK), Biome Technologies Plc (UK), FKuR Kunststoff GmbH (Germany), Green Dot Bioplastics (US), Good Natured Products Inc. (Canada), Natureworks LLC (US), Corbion Purac (Netherlands), Purac (Netherlands), and other major players.
The Horticulture Bioplastic market is segmented into Type, Raw Material and region. By Type, it is categorized into Biobased and Petrochemical based. By Raw Material it is categorized into Polyesters, Bio- Polyethylene, Polylactic Acid, Bio- Polyamide, Bio- Polyethene Terephthalate, Polyhydroxyalkanoates, Starch Blends, Others. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).
To make horticulture bioplastics acceptable for field use and competitive with plastic products, manufacturers must also collaborate with consumers and suppliers. Manufacturers must offer superior performance attributes, as well as economic viability and ease of availability, for horticulture bioplastic to become a widely utilized material.
The Horticulture Bioplastic Market was estimated at USD 10.55 billion in 2023 and is anticipated to reach USD 62.70 billion by 2032, growing at a CAGR of 21.90% globally.