“Global Bioplastics & Biopolymers Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global bioplastics & biopolymers market report has been segmented on the basis of type, end-use industry, and region.
Global Bioplastics & Biopolymers Market: Introduction
Bioplastics and Biopolymers are plastics and polymers which are obtained from renewable sources such as starch corn, vegetable oils and fats, home automation system, and intelligent control system.
Global Bioplastics & Biopolymers Market: Dynamics
Growing packaging industry in countries such as the US, Canada, Germany, France, UK, India, Indonesia, Brazil, and others is estimated to drive the growth of the bioplastics & biopolymers market. Increasing demand for bioplastic and biopolymers in agricultural applications is projected to drive the growth of the target market over the next few years. In addition, stringent government regulations regarding the use of waste management in Europe is estimated to support the growth of the global market.
However, high prices of bioplastics as compared to synthetic plastics is anticipated hinder the growth of the bioplastics & biopolymers market.
Global Bioplastics & Biopolymers Market: Segment Analysis
Among the type segments, the non-biodegradable segment is estimated to grow at a significant rate in the global market. In the non-biodegradable segment, the bio-PET is widely used polymer owing to its high durability. Increasing demand for bio-based bottles and flexible films in the beverage sector is estimated to drive the growth of the segment. Growing adoption of bio-PET bottles for packaging of carbonated soft drinks is estimated to support the growth of the segment in the next few years.
Among the end-use industry segments, the packaging segment dominated the bioplastics & biopolymers market. Increasing demand for bioplastics and biopolymers in the food & beverage industry is projected to drive the growth of the segment. Growing demand for bio-based material for packaging of organic food products is projected to drive the growth of the segment.
Global Bioplastics & Biopolymers Market: Regional Analysis
Europe bioplastics & biopolymers market is estimated to contribute significant share in the bioplastics & biopolymers market in the next 10 years. Increasing demand for bioplastics in the packaging industry is a key factor driving the growth of the bioplastics & biopolymers market in Europe. Growing demand for plastics in agricultural applications in countries such as Germany, UK, France, Italy, and Russia is projected to augment the growth of the target market. Moreover, growing demand for bioplastics in the automotive industry in the region is projected to create opportunities for the manufacturers in the region, which in turn support the growth of the bioplastics & biopolymers market.
Europe is estimated to be the major market for bioplastics & biopolymers followed by the Asia Pacific market. The bioplastics & biopolymers market in the Asia Pacific is projected to grow significantly in the next few years. The growth of the market is attributed to the growth of the packaging industry in the region. Increasing demand for plastics that are biodegradable owing to rising environmental concerns is estimated to drive the growth of the Asia Pacific bioplastics & biopolymers market. In addition, the growing demand for textile industry in the countries in this region is estimated to support the growth of the bioplastics & biopolymers market.
Global Bioplastics & Biopolymers Market Segmentation:
Segmentation by Type:
- Starch Blends
- Biodegradable Polyster
Segmentation by End-use Industry:
- Consumer Goods
- Automotive & Transportation
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BASF SE
- NatureWorks LLC
- Braskem S.A.
- Arkema S.A.
- Total Corbion PLA
- Eastman Chemical Company
- Mitsubishi Chemical Corporation
- Novamont S.p.A.
- Biome Bioplastics Limited
- Plantic Technologies Limited
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