Bioplastics are materials made by the plastics produced from renewable sources of materials, for instance. It is generated by human & animal waste, plant products & agricultural waste, recycled and made new products using innovative technologies. Bioplastics and biopolymers are comprehensively used by the packaging industry. Bio-plastics are mainly used to store the food items or can be stored without refrigeration for a longer duration and also maintain chemical properties. —
This report also covers the recent COVID-19 and its impact on Bioplastics & Biopolymers Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
The bioplastics & biopolymers market is projected to witness considerable growth during the forecast years. Government policies and regulations on reducing toxicity and carbon emission, efforts to eliminate the use of non-biodegradable conventional plastics, and strengthen awareness on environment-friendly actions are crucial factors that stimulating bioplastics & biopolymers market growth. Moreover, the growing concern for human health and awareness of sustainable plastic solutions are some of the other driver factors. On the opposite side, higher prices and lower performance of bioplastics compared with conventional plastics are the prime factors that anticipated to hinder the market growth during the predicted years.
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The Major Players Profiled in This Report Include:
Indorama Ventures Public Company Limited
The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share, and growth rate of each type, primarily split into:
On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share, and growth rate of each application/end users, primarily divided into:
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Bio-PET segment expected to dominate the market during the forecast period. Bio-PET is a recyclable product and exhibits the same properties as petroleum-based PET with an advantage of environmental-friendly. Bio-PET is the most widely used types owing to its high durability that matches its fossil-fuel-based counterpart. It has good physical, optical, and lightweight properties along with environmentally friendly nature make it a key material for applications such as food & beverage packaging, cosmetics & pharmaceutical, automotive, and textiles. In addition, strategies of companies such as PepsiCo and Coca-Cola towards sustainable packaging for carbonated soft drinks is also likely to drive the bio-PET segment.
APAC is estimated to be the fastest-growing regional market for bioplastics & biopolymers. Large population base, rapid urbanization and industrialization, and growing consciousness of environmental protection are major factors that driving the market growth. Furthermore, strict government regulations and advancement in the packaging end-use industries are also giving vigor to market growth. The European bioplastics market is expected to grow at a considerable rate during the forecast period. This is mainly attributed to the increased funding and investment to R&D, efforts to decrease the costs of bioplastics and legislative regulations such as the ban on traditional shopping carrier bags in Italy.
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Bioplastics & Biopolymers Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Bioplastics & Biopolymers Market by Types
Chapter 4 Segmentation of Bioplastics & Biopolymers Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Bioplastics & Biopolymers Market in Major Countries
Chapter 7 North America Bioplastics & Biopolymers Landscape Analysis
Chapter 8 Europe Bioplastics & Biopolymers Landscape Analysis
Chapter 9 Asia Pacific Bioplastics & Biopolymers Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Bioplastics & Biopolymers Landscape Analysis
Chapter 11 Major Players Profile
11.1.1 BASF Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2.1 Braskem Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3.1 Metabolix Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Key Questions Answered by This Report:
What is the size and CAGR of the Bioplastics & Biopolymers Market?
What are the key driving factors of the most profitable regional market?
Which are the leading companies in the global market?
How will the Bioplastics & Biopolymers Market advance in the coming years?
What are the main strategies adopted in the global market?
Which region may hit the highest market share in the coming era?
What trends, challenges, and barriers will impact the development and sizing of the Bioplastics & Biopolymers Market?
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