The bioplastics & biopolymers market is projected to witness a CAGR of 12.0% from 2016 to reach a market size of USD 5.08 billion by 2021. The growth of the market is attributed to the stringent environmental regulations across the globe, compelling the manufacturers to reduce the carbon content in their products. Another driving factor of growth is fluctuations in the prices of petroleum, forcing the companies to search for a stable source of raw material.
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“Bio-PET expected to dominate the market, by value and volume, during the forecast period.”
Bio-PET is a widely used material for packaging and bottle application. Bio-PET is a recyclable product and exhibits same properties as petroleum-based PET with an advantage of being environmental friendly. Bio-PET is projected to account for the largest share in the market during the forecast period.
“The bioplastics & biopolymers market in packaging & bottle industry projected to remain the largest segment during the forecast period.”
Packaging industries use bioplastics & biopolymers on a large scale. The demand for eco-friendly packaging made from bio-based polymers is growing at a high rate. This is due to products such as PLA, PHA, and starch-based polymers finding increased applications due to their biodegradable nature enabling them to decompose rapidly. The major factor driving the use of bioplastics & biopolymers is the demand from end-use industries, especially the packaging and bottling industries.
The market sizes estimated in this study have been validated through primary interviews conducted with various industry experts, globally. These primary sources have been divided under three categories: by company type; by designation; and by region.
“Europe is projected to remain the largest regional market for bioplastics & biopolymers during the forecast period.”
The bioplastics & biopolymers market in Europe is well-established and the region has a vast distribution network of bioplastics & biopolymers. Germany and Italy are projected to drive the market in the region owing to the stringent environmental regulations. Russia is projected to witness the highest CAGR in the European market during the forecast period.
The report provides the company profiles and competitive strategies adopted by the major market players such as BASF SE (Germany), Braskem S.A. (Brazil), Corbion NV (Netherlands), and others.
Related Report:
Global Bioplastics & Biopolymers Market Analysis 2012-2017 and Forecast 2018-2023
The global Bioplastics & Biopolymers market will reach Million USD in 2017 and CAGR xx% 2011-2017. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Bioplastics & Biopolymers by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.): Bio-PE Starch Blends PLA Bio-PET Biodegradable Polyesters Regenerated Cellulose Polylactic Acid Poly Hydroxyalkonoates
Company Coverage (Sales Revenue, Price, Gross Margin, Main Products etc.): BASF Braskem Metabolix Meredian Plantic Corbion Novamont Natureworks Biome Technologies Indorama Ventures Public Company Limited
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