India Bio Plastics Market – Industry Analysis and Forecast (2023-2029)

India Bio plastics Market  was valued at US$ 390.87 Mn. in 2022 and expected to reach US$ 1581.43 Mn. by 2029 at a CAGR of 22.1% during the forecast period.

India Bio Plastics Market Dynamics:

Increasing eco-awareness among consumers, mandates & regulations, corporates becoming more focused on sustainability, technology stabilization and cost reduction are factors driving the India bio-plastics market. Bio-based Polyethylene (PE) and bio-based polyethylene terephthalate (PET) are non-biodegradable plastics and are the main drivers of non-biodegradable growth. Production revenue of biodegradable plastics, such as polylactic acid or polylactide (PLA), Polyhydroxyalkanoates (PHA), and starch blends is growing steady rate. Increasing application of polyethylene and polyethylene terephthalate in packaging is propelling the non-biodegradable plastic.  Substitute and lack of awareness are restraining the market growth. High cost than conventional plastics and evolving upstream technology poses a challenge to the market. The mnarket dynamics are thoroughly studied and explained in the ereport, which helps reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at regional and state level for the market. India Bio Plastics MarketTo know about the Research Methodology:-Request Free Sample Report

India Bio Plastics Market is studied by Various Segments:

The report from Maximize market research provides the detail study of the market by various segments. India Bio Plastics Market is segmented by product and by application. Based on product, India bio-plastics market is sub segmented into biodegradable plastic and non-biodegradable plastic. Rigid packaging, flexible packaging, textile, agriculture & horticulture, consumer good, automotive, electronic, building & construction and others are application segments of India bio-plastics market. Packaging segment is expected to account for almost 60 % of the overall market share to become the dominant in the India bio-plastics market. Bio-plastics are extensively used in the manufacturing of bottles, loose-fill, cups, pots, blows, flexible films, and other products. Rigid and flexible packaging is two most common types of bio-plastics packaging. Packaging finished product from bio-plastics are used in the packing fresh food, dry snacks, candy, bakery goods, juice bottles, and meat trays as well as coatings for beverage cups, films, and card stock. Jammu & Kashmir is the first state in India to have built a dedicated bio-plastic product manufacturing facility with an installed capacity of about 960 metric tons per annum. J&K Agro Industries Ltd has started its joint venture with Earthsoul India to launch the country’s first integrated biopolymer facility that can manufacture 100% bio-degradable and compostable products. Envigreen, Ecolife, Plastobags, Earthsoul India and Truegreen are major players operating in the India’s bioplastic market.

India Bio Plastics Market Competative Landscape

The market has the presence of a large number of players. Major players in the market are concentrating on developing new technologies to facilitate the industry with lowest time and low expenditure consuming technologies.  In the recent years there are many discoveries in the field of technologies with regards to market, which in turn will help the industry to grow resulting in boost to the competition too. Detailed analysis of competition, new entrants, strategic alliances, mergers and acquisition in the market is covered in the report. The report covers the market leaders and followers in the industry with the market dynamics by region. It will also help to understand the position of each player in the market by region, by segment with their expansion plans, R&D expenditure and organic & in-organic growth strategies. Long term association, strategic alliances, supply chain agreement and mergers & acquisition activities are covered in the report in detail from 2018 to 2022. Expected alliances and agreement in forecast period will give future course of action in the market to the readers. All major & important players are profiled, benchmarked in the report on different parameters that will help reader to gain insight about the market in minimum time.

India Bio Plastics Market, Objective of the Report:

The objective of the report is to present a comprehensive analysis of market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding market dynamics, structure by analyzing the market segments and project the market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.

India Bio Plastics Market Scope:  Inquire before buying

India Bio Plastics Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 390.87 Mn.
Forecast Period 2023 to 2029 CAGR: 22.1% Market Size in 2029: US $ 1581.43 Mn.
Segments Covered: by Product Biodegradable bioplastics Polyester Polylactic Acid (PLA) Polyhydroxyalkanoates (PHA) Starch BlendsOthers (Cellulose Esters and others) Non-Biodegradable Bio-plastics Bio-PE (polyethylene) Bio-PET (polythene terephthalate) Bio-PA (polyamide) Others
by Application Packaging Textile Agriculture & Horticulture Consumer Good Automotive, Electronic Building & Construction Others

India Bio Plastics Market Key Players:

1. Envigreen 2. Ecolife 3. Plastobags 4. Earthsoul India 5. Truegreen

Frequently Asked Questions:

1. Which region has the largest share in India Bio Plastics Market? Ans: North India region held the highest share in 2022. 2. What is the growth rate of market? Ans: The market is expected to grow at a CAGR of 22.1% during forecast period 2023-2029. 3. What is scope of the market report? Ans: India Bio Plastics Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in India Bio Plastics market? Ans: The important key players in the India Bio Plastics Market are – Envigreen, Ecolife, Plastobags, Earthsoul India, and Truegreen 5. What is the study period of this market? Ans: The India Bio Plastics Market is studied from 2022 to 2029.

India Bio plastics Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research Secondary data Secondary Sources 2.3.2. Primary Research Data from Primary Sources Breakdown of Primary Sources 3. Executive Summary: Indian Bioplastic Market Size, by Market Value (US$ Bn) and by Volume (Units) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 4.8. Patent Registration 5. Supply Side and Demand Side Indicators 6. Indian Bioplastic Market Analysis 6.1. Key Findings 6.2. Indian Bioplastic Market Overview 6.3. Indian Bioplastic Market Value Share Analysis, by Product 6.4. Indian Bioplastic Market Forecast, by Product 6.4.1. Biodegradable bioplastics Polyester Polylactic Acid (PLA) Polyhydroxyalkanoates (PHA) Starch Blends Others (Cellulose Esters and others) 6.4.2. Non-Biodegradable Bio-plastics Bio-PE (polyethylene) Bio-PET (polythene terephthalate) Bio-PA (polyamide) Others 7. Indian Bioplastic Market Value Share Analysis, by Application 7.1. Indian Bioplastic Market Forecast, by Application 7.1.1. Packaging 7.1.2. Textile 7.1.3. Agriculture & Horticulture 7.1.4. Consumer Good 7.1.5. Automotive 7.1.6. Electronic 7.1.7. Building & Construction 7.1.8. Others 8. PEST Analysis 9. Key Trends 10. Key Developments 11. Company Profiles 11.1. Market Share Analysis, by Company 11.2. Competition Matrix 11.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 11.2.2. New Product Launches and Product Enhancements 11.2.3. Market Consolidation M&A by Regions, Investment and Applications M&A Key Players, Forward Integration and Backward Integration 11.3. Company Profiles: Key Players 11.3.1. BASF Company Overview Financial Overview Product Portfolio Business Strategy Recent Developments Manufacturing Footprint 11.3.2. Envigreen 11.3.3. Ecolife 11.3.4. Plastobags 11.3.5. Earthsoul Indian 11.3.6. Truegreen Corbion 11.3.7. NatureWorks LLC 11.3.8. Braskem 11.3.9. Novamont S.p.A 11.3.10. Cardia Bioplastics 12. Primary Key Insights

About This Report

Report ID 21457
Category Material & Chemical
Published Date Sep 2023
Updated Date