Global Biopolymers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Biopolymers Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global biopolymers market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global biopolymers market report has been segmented on the basis of product type, application, end-use industry, and region.
Biopolymers are the biodegradable polymers made up of starch, sugar, cellulose, and many more. They are biodegradable and compostable materials that have different applications. Easily biodegradable nature and increasing usage of biopolymers reduce the dependence on fossil fuels. With an increase in the focus on sustainability and favorable government initiatives for green procurement, the global biopolymer market expected to show significant growth in the consumer goods, packaging, and in other related applications.
Increasing awareness about importance of eco-friendly materials such as biopolymers is a major factor expected to boost the demand for biopolymers and drive growth of the global market over the forecast period. Moreover, stringent rules and regulations by various regulatory authority bodies such as US FDA and EU commission regarding mandatory usage of biopolymers is anticipated to bolster adoption of target product and drives growth of the global biopolymers market. Developing cost-competitive biodegradable packaging materials has gained traction in the packaging industry across the globe which expected to drive growth of the target market during the forecast period.
Recent trend shows that, manufacturers across the world focusing on adopting biodegradable materials such as biopolymers for end product manufacturing is expected to bolster growth of the target market. This has also been driven by intensifying focus of numerous governments to adopt a low-carbon economy.
On the basis of product type, bio-pet segment is expected to hold significant share in the target market over the forecast period.
On the basis of application, global market is segmented into films, bottles, vehicle components, and others. Films segment dominates the global market and expected to witness significant growth over the forecast period.
On the basis of foil type, target market is bifurcated into bags & pouches, wraps & rolls, blisters, laminated tubes, and trays. The bags & pouches segment is expected to hold significant share in terms of revenue.
On the basis of end-use industry, global market is segmented into packaging, agriculture, automotive, pharmaceutical, and construction. The packaging segment is anticipated to register a significant growth rate over the forecast period.
North America market is one of the leading market, owing to stringent regulations by various governments regarding usage of biodegradable polymer in order to control disposable of garbage. Moreover, growing demand for packed food products along with growing electronic and pharmaceutical industries are estimated to drive the Europe biopolymers market followed by North America. Furthermore, market in the Asia Pacific is expected to witness a significant growth due to increase in contract production processes along with growing government interest to promote environmental-friendly products. Providing high incentives in several countries including China and India pushing the biopolymers market towards growth.
According to United States Environmental Protection Agency (EPA), In April, 2015, the European government has approved a directive requiring member states to take action to reduce the consumption and use of plastic bags of thickness less than 50 microns. Also, government of California has passed a bill to ban single use plastic bags from 2016.
Global Biopolymers Market Segmentation:
Segmentation by Product Type:
- Poly Lactic Acid (PLA)
- Polyhydroxyalkanoate (PHA)
- Biodegradable Polyesters
Segmentation by Application:
- Vehicle Components
Segmentation by End-use Industry:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BASF SE
- Braskem S.A
- Biome Technologies Plc
- Plantic Technologies Limited
- Bio-on S.p.A.
- Novamont S.P.A
- Toray Industries Inc.
- Tianjin GreenBio Materials Co., Ltd
- Danimer Scientific
- Rodenburg Biopolymers
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