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Bioplastic Market Introduction:Bioplastic Market is expected to grow over USD 5.99 Billion by 2022. With rise in development of emerging economies can cause countries like China, India and Brazil to contribute more amount of share in this market.
Bioplastic Market Key Players:
Natureworks LLC, Bio-On S.P.A., Corbion NV, Metabolix Inc., Plantic Technologies Ltd, Evonik Industries, Arkema, Braskem S.A., Novamont S.P.A, BASF SE, and Toray Industries are among the leading market players that MRFR has surveyed in the competitive landscape of the global bioplastic market.
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Bioplastic Market Segmentation:
MRFR's determination of the global bioplastic market segments has been based on type, source, applications, and region. Types of bioplastic have been segmented into regenerated cellulose, polyhydroxyalkanoates, bio-PET, and bio-PE.
Sources for the production of bioplastic have been segmented to include grains, sugar, cane, beets, and others.
Applications of bioplastic can be found in packaging, agriculture, consumer goods, automotive, and others.
Regions that have been covered in the report include the Asia Pacific, Europe, North America, and the Rest of the World.
Bioplastic Market Regional Analysis:
the Asia Pacific market has secured a leadership position in the global bioplastic market and has the largest share. The APAC is followed by North America and Europe. The APAC region includes several rapidly growing economies such as China, India, Thailand, Japan, South Korea, and several others. These countries are witnessing rapid urbanization and expansion of the industrial sector which has impacted spending patterns of consumers. Due to the presence of a high population is several of the emerging economies in the APAC, the change in spending patterns has resulted in high use of single-use plastic and increased waste generation.
In order to help mitigate the problem and encourage eco-friendly practices, some governments in the region have banned all single-use plastic and encouraged the adoption of bioplastic products to replace them. Growing environment consciousness among consumers combined with rising awareness about the harms of plastic waste has encouraged consumer demand for bioplastics as well. The region is expected to thrive during the forecast period.
Bioplastic Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Bioplastic Market
Bioplastic Market Table of Content to be Continue…...,
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Release ID: 481365