Frost Radar in the Global Bioplastics Market
Published on: 03-Oct-2019 | SKU: CM01712-GL-MR_23615

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Leading participants in the global bioplastics market are developing high-performance and sustainable products from bio-based derivatives. As more and more companies focus on reducing their dependence on crude oil and reducing the amount of waste in landfills and oceans, end-user industries are seeking cost-effective bio-based alternatives for packaging, cosmetic ingredients, and other uses. Governments and industry organizations are influencing the transition with standards or regulations either encouraging or mandating the use of environmentally friendly bio-based products. Consumers also are demanding greener and safer products.

There are challenges in the industry, however. Concerns about the supply of raw materials, difficulties in persuading investors to fund research and development initiatives, and higher prices of bio-based materials have restrained growth.

Bioplastics are either biodegradable or non-biodegradable. Non-biodegradable polymers had a 56.8% share of the market in 2018. They have a chemical similarity to their synthetic counterparts: some are easy to drop into the existing value chain, so it is easier to persuade customers to use them in their production processes. Polylactic acid (PLA), poly-hydroxy-alkanoate (PHA), and starch blends are biodegradable and compostable. PLA offers transparency, gloss, stiffness, printability, and processability, and is an excellent aroma barrier—all of which are common demands in packaging. Frost & Sullivan estimated the 2024 opportunity size of global bioplastics market to be $20.48 billion.

For this research, Frost & Sullivan used a unique and robust platform called Frost Radar to analyze the market and identify Companies to Action (C2A) based on their growth indicators and recent innovations and growth strategies. Companies that are positioned in the Radar are Braskem, Corbion, Novamont, NatureWorks, BASF, DuPont, Arkema, and DSM.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes number of companies (across all tiers of competition) in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

Author: Soundarya Gowrishankar

Industry Overview

Industry Overview (continued)

Industry Overview (continued)

The Frost Radar

Frost Radar—Description of Companies Plotted

Arkema

BASF

Braskem

Corbion

DSM

DuPont

NatureWorks

Novamont

The Last Word—Key Takeaways

Legal Disclaimer

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Frost Radar—C2A

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Impacting your company's future growth potential.

Leading participants in the global bioplastics market are developing high-performance and sustainable products from bio-based derivatives. As more and more companies focus on reducing their dependence on crude oil and reducing the amount of waste in landfills and oceans, end-user industries are seeking cost-effective bio-based alternatives for packaging, cosmetic ingredients, and other uses. Governments and industry organizations are influencing the transition with standards or regulations either encouraging or mandating the use of environmentally friendly bio-based products. Consumers also are demanding greener and safer products. There are challenges in the industry, however. Concerns about the supply of raw materials, difficulties in persuading investors to fund research and development initiatives, and higher prices of bio-based materials have restrained growth. Bioplastics are either biodegradable or non-biodegradable. Non-biodegradable polymers had a 56.8% share of the market in 2018. They have a chemical similarity to their synthetic counterparts: some are easy to drop into the existing value chain, so it is easier to persuade customers to use them in their production processes. Polylactic acid (PLA), poly-hydroxy-alkanoate (PHA), and starch blends are biodegradable and compostable. PLA offers transparency, gloss, stiffness, printability, and processability, and is an excellent aroma barrier—all of which are common demands in packaging. Frost & Sullivan estimated the 2024 opportunity size of global bioplastics market to be $20.48 billion. For this research, Frost & Sullivan used a unique and robust platform called Frost Radar to analyze the market and identify Companies to Action (C2A) based on their growth indicators and recent innovations and growth strategies. Companies that are positioned in the Radar are Braskem, Corbion, Novamont, NatureWorks, BASF, DuPont, Arkema, and DSM. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes number of companies (across all tiers of competition) in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients. Author: Soundarya Gowrishankar
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Author Soundarya Gowrishankar
Industries Chemicals and Materials
WIP Number PAB2-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9595,9870

Frost Radar in the Global Bioplastics Market

Chemicals and MaterialsFrost Radar in the Global Bioplastics Market

A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
03-Oct-2019
REGION
Global
Deliverable Type
Frost Radar
Research Code: PAB2-01-00-00-00
SKU: CM01712-GL-MR_23615
AvailableYesPDF Download
$4,950.00
In stock
SKU
CM01712-GL-MR_23615