Global Bioplastics & Biopolymers Market, By Type (Bio-PE, Bio-PET, PLA, Starch Blends, Biodegradable Polyesters, Regenerated Cellulose, PHA), By End-User (Packaging, Bottles, Agriculture, Other), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Bioplastics & Biopolymers Market
The Global Bioplastics & Biopolymers Market is expected to reach USD 7.2 billion by 2025, from USD 3.1 billion in 2017 growing at a CAGR of 12.0% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Bioplastics & Biopolymers Market
Bioplastics & biopolymers are the types of plastic and polymers which are obtained from renewable biomass sources such as vegetable oils and fats. Bioplastics & biopolymers are used in packaging industries on a large scale. To expand the application of bioplastic, manufacturers are investing in research and development. The strict regulation set by the government and rising consumer awareness regarding the environment may promote the global bioplastics & biopolymers market in a positive way. According to British Plastic Federation , plastic arising in the U.K. is 3.7 million tonnes out of which 32.0% is recycled and 70.0% is recovered. It also stated that U.K. has a plastic packaging recycling target of 57.0% by 2020. As per the National Institute of Chemistry, in 2010, 265 million tons of plastic produced in the world out of which 57 million is in Europe, in the same year 724,500 tons of bioplastics were produced in the world which is a very small portion in comparison with conventional plastics produced and bioplastics & biopolymers is predicted to reach 1 million tons in few years’ time. The above factor proves that the awareness regarding bioproducts around the globe is growing and will drive the demand for bioplastics & biopolymers.
- Strict government regulations for conventional plastics and promotion to use bioplastic
- Growing investment in R&D by the manufacturer to expand the application of bioplastic.
- High demand from packaging industry.
- Price of bioplastics is high in comparison to conventional plastics.
- Conventional plastics are better in performance than Bioplastic.
Segmentation: Global Bioplastics & Biopolymers Market
- Starch Blends
- Biodegradable Polyesters
- Regenerated Cellulose
By End User
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Competitive Landscape: Global Bioplastics & Biopolymers Market
The global bioplastics & biopolymers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of the bioplastics & biopolymers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Bioplastics & Biopolymers Market
The key players operating in the global bioplastics & biopolymers market are –
- BASF SE
- Braskem S.A.,
- Corbion NV
- Natureworks LLC
The other players in the market are, Metabolix Inc., Indorama Ventures Public Company Limited, Biome Technologies PLC , Bio-On S.P.A. , Novamont S.P.A, Toray Industries, Down2Earth Materials., PreScouter., Green Packaging, BioBag Americas, Inc, Cedar Grove Composting, Inc., Chamness Biodegradables, Eco-gecko Products Inc, Eco-Products, Inc, ECOWORLD, Ultra Green Sustainable Packaging among others.
Research Methodology: Global Bioplastics & Biopolymers Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global bioplastics & biopolymers market.
- Analyze and forecast the bioplastics & biopolymers market on the basis of type and application.
- Trends of key regional and country-level markets for type and end user.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.