Michigan News Updates

Bioplastics & Biopolymers Market to Register Substantial Expansion by 2025

 Breaking News
  • No posts were found

Bioplastics & Biopolymers Market to Register Substantial Expansion by 2025

January 15
19:50 2020
Bioplastics & Biopolymers Market to Register Substantial Expansion by 2025

Browse 71 market data Tables and 45 Figures spread through 140 Pages and in-depth TOC on “Bioplastics & Biopolymers Market”
Bioplastics & Biopolymers Market by Type ( Non-biodegradable, Biodegradable), End-use Industry (Packaging, Consumer Goods, Automotive, Textiles, Agriculture) and Region (APAC, North America, Europe, and RoW)

A CAGR of 16.5% between 2018 and 2023 is expected to propel the global bioplastics & biopolymers market size to USD 14.9 billion by 2023 from USD 6.9 billion in 2018. The key drivers for growth in the market would be the high demand for bioplastic based packaging vis-à-vis the rising concerns for human health problems by non-degradable plastics, and the favorable government response to the same.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88795240

The packaging segment is expected to offer the highest growth to the bioplastics & biopolymers market by end-uses.

The food packaging industry is experiencing the largest demand for bioplastics & biopolymers due to the growing preference for environmentally friendly packaging alternatives – notably, the large consumers of packaging end-products such as foods and beverages, among others. At the same time, the advancement in industrial processes concerning the production of bioplastics and polymers are aiding the F&B industry to adopt biopolymer-based packaging readily. Several niche brands and premium market players in the organic food industry are inclining towards bioplastic food wrappings, that complement their sustainability drive. Therefore, the packaging segment is ahead of all other end-users of bioplastics and biopolymers.

Bio-PET is estimated to rope in the highest CAGR during the predicted tenure by sub-type (industry)

When it comes to the types of bioplastics and polymers, the Bio-PET enjoys the most extensive popularity in comparison to others within the global bioplastics & biopolymers market. Bio-PET exhibits high versatility, which is at par with the non-biodegradable plastic PET, often used for bottle and flexible-film production. This enables beverage manufacturers to route for Bio-PET actively. Moreover, with the new environment-friendly regulations being introduced in major countries like Japan, Canada, and the US, the adoption of Bio-PET will only rise. Lastly, brands like PepsiCo and Coca-Cola are planning to incorporate sustainable packaging products for many of their soft drinks offerings, which will further drive the usage of the material for packaging. Bio-PET’s acceptance among key players and physical properties make it the first choice.

Request for sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=88795240

The European region will be at the forefront of the bioplastics & biopolymers market in 2018

Europe is a globally renowned industrial, as well as, economic hub of packaging products while being the largest in the world for bioplastic-based packaging. The same has prompted research in the field of bio-based packaging plastics intending to revamp the region’s large plastic markets. Furthermore, the Lead Markets Initiative backed by EU Commission has differentiated bioplastics among the markets with the most lucrative business potent. The growing political focus and healthy economic conditions make Europe the leading consumer of bioplastics & biopolymers.

The report reflects an analysis of the leading bioplastics & biopolymers market players who have fruitfully contributed to the growth of the market with their business strategies and by exploring market opportunities. These include Braskem (Brazil), NatureWorks (US), Novamont (Italy), Total Corbion PLA (Netherlands), BASF (Germany), Biome Bioplastics (UK), Toray Industries (Japan), Bio-On (Italy), Mitsubishi Chemical Corporation (Japan), and Plantic Technologies (Australia).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/biopolymers-bioplastics-market-88795240.html