Japan Biodegradable Plastics Market Size, Share, and COVID-19 Impact Analysis, By Type (Polylactic Acid (PLA), Starch Blends, Polyhydroxyalkanoates (PHA), and Others), By End-Use Industry (Packaging, Consumer Goods, Textile, Agriculture & Horticulture, and Others), and Japan Biodegradable Plastics Market Insights, Industry Trend, Forecasts to 2032

Industry: Chemicals & Materials

RELEASE DATE Jun 2023
REPORT ID SI2110
PAGES 180
REPORT FORMAT PathSoft

Japan Biodegradable Plastics Market Size Insights Forecasts to 2032

Japan Biodegradable Plastics Market 

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The Japan Biodegradable Plastics Market Size is expected to grow at a 22.3% CAGR during the forecast period. The Japan biodegradable plastics market has been steadily expanding, driven by both governmental initiatives and consumer demand for eco-friendly alternatives. This growth can be attributed to the increasing adoption of biodegradable plastics across various industries, including packaging, agriculture, automotive, and consumer goods. Additionally, collaborations between industry players, research institutions, and government bodies will further accelerate the development and adoption of biodegradable plastics, contributing to a greener and more sustainable future in Japan.   

 

Market Overview

The Japan biodegradable plastics market has experienced significant growth in recent years due to increasing environmental concerns and the need for sustainable solutions. Biodegradable plastics are designed to break down naturally over time, reducing the impact of plastic waste on the environment. Japan, as a technologically advanced nation, has been actively adopting and promoting biodegradable plastics to mitigate plastic pollution and promote a circular economy.

 

Japan has implemented stringent regulations and policies to encourage the use of biodegradable plastics. The government has set specific targets to reduce plastic waste and promote the transition to sustainable materials. For instance, the Plastic Resources Recycling Promotion Act aims to achieve a recycling rate of 25% for plastic packaging by 2030. Such regulations have encouraged companies to invest in biodegradable plastics and develop innovative solutions. The packaging industry's growth is being influenced by the rising demand for packaged foods, snacks, ready-to-eat meals (RTEs), and other foods. Thus, during the period of forecasting, the rapidly expanding packaging industry is expected to boost demand for biodegradable plastics.

 

Several major companies in Japan are actively involved in the biodegradable plastics market. These companies are focused on research and development, product innovation, and strategic partnerships to strengthen their market position. 

 

Report Coverage

This research report categorizes the market for the Japan biodegradable plastics market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japanese biodegradable plastics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japanese biodegradable plastics market.

 

Japan Biodegradable Plastics Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:xx.xx
Forecast Period:2022-2032
Forecast Period CAGR 2022-2032 :22.3%
2032 Value Projection:xx.xx
Historical Data for:2018-2021
No. of Pages:180
Tables, Charts & Figures:92
Segments covered:By Type, By End-Use Industry, By End-Use Application and Country Analysis (Demand, Price, Growth, Competitors, Challenges)
Companies covered::Kaneka Corporation,, Toppan Printing Co., Miyako Kagaku Co., Ltd., Chukoh Chemical Industries, Mitsubishi Chemical, GSI Creos Corp., Fukusuke Kogyo Co., Green Science Alliance Co., Ltd., and Others
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The Japanese government has taken proactive measures to promote the use of biodegradable plastics. Regulatory frameworks and policies have been implemented to reduce plastic waste and encourage the adoption of sustainable materials. These initiatives include setting recycling targets, promoting eco-labeling, and providing incentives for companies to develop and use biodegradable plastics. Government support acts as a catalyst for market growth.

 

Consumers in Japan are increasingly conscious of the environmental impact of their purchasing decisions. Many individuals are actively seeking out products and packaging made from biodegradable plastics. The demand for sustainable and eco-friendly options has influenced manufacturers and retailers to incorporate biodegradable plastics into their offerings, thereby driving market growth.

 

Japanese companies across various sectors are embracing sustainability as a core value. Many businesses have set ambitious targets to reduce their environmental footprint and enhance their corporate social responsibility. Biodegradable plastics provide an opportunity for companies to demonstrate their commitment to sustainability, meet customer expectations, and differentiate themselves in the market.

 

Restraining Factors

Biodegradable plastics generally have a higher production cost compared to traditional plastics. This cost differential poses a challenge for manufacturers and end-users, as it can impact product pricing and overall affordability. The higher cost of biodegradable plastics can limit their widespread adoption, especially in price-sensitive industries or for businesses operating on tight profit margins.

 

Market Segment 

 

The Japan Biodegradable Plastics Market share is segmented into type and end-use industry.

  • The polylactic acid (PLA) segment is expected to hold the largest share of the Japan biodegradable plastics market during the forecast period.

 

Based on the type, the Japan biodegradable plastics market is segmented into polylactic acid (PLA), starch blends, polyhydroxyalkanoates (PHA), and others. Among these, the polylactic acid (PLA) segment is expected to hold the largest share of the Japan biodegradable plastics market during the forecast period. The growth can be attributed to its widespread use in various applications, including packaging, disposable cutlery, and films. Its favorable properties, renewable sourcing, and ability to break down naturally under specific conditions make it a preferred choice for many industries and consumers. It is derived from renewable resources, such as corn starch or sugarcane, making it an attractive sustainable alternative to conventional plastics. PLA has good transparency, high strength, and can be easily molded into various shapes, making it suitable for packaging applications.   

 

  • The packaging segment is expected to hold the largest share of the Japan biodegradable plastics market during the forecast period.

Based on the end-use industry, the Japan biodegradable plastics market is classified into packaging, consumer goods, textile, agriculture & horticulture, and others. Among these, the packaging segment is expected to hold the largest share of the Japan biodegradable plastics market during the forecast period. The packaging industry's significant plastic consumption and the increasing focus on sustainable packaging solutions have propelled the adoption of biodegradable plastics. In the packaging sector, biodegradable plastics are used for food and beverage packaging, disposable containers, bags, films, and pouches. Biodegradable packaging provides similar functionality and durability while minimizing environmental impact. The demand for eco-friendly packaging solutions, driven by consumer preferences and government regulations, has contributed to the growth of the packaging segment in the Japan biodegradable plastics market.         

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan biodegradable plastics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Kaneka Corporation,
  • Toppan Printing Co.
  • Miyako Kagaku Co., Ltd.
  • Chukoh Chemical Industries
  • Mitsubishi Chemical
  • GSI Creos Corp.
  • Fukusuke Kogyo Co.
  • Green Science Alliance Co., Ltd.
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • On March 2022, Mitsui Chemicals, Inc. disclosed that Prime Polymer Co., Ltd. is the first company in Japan to commercially produce and ship biomass polypropylene (PP).

 

  • On February 2022, Kaneka has increased the manufacturing capacity for KANEKA Biodegradable Polymer Green Planet in Japan extensively.

 

Market Segment

This study forecasts revenue at, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the Japan Biodegradable Plastics Market based on the below-mentioned segments:

 

Japan Biodegradable Plastics Market Insights, By Type

  • Polylactic Acid (PLA)
  • Starch Blends
  • Polyhydroxyalkanoates (PHA)
  • Others

 

Japan Biodegradable Plastics Market Insights , By End-Use Industry

  • Packaging
  • Consumer Goods
  • Textile
  • Agriculture & Horticulture
  • Others

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