The global bioplastics market is projected to be worth USD 25.27 Billion by 2027, according to a current analysis by Emergen Research. The bioplastics market is experiencing rapid growth attributed to its increasing demand in end-use applications, such as packaging, textile, automotive & transportation, consumer goods, agriculture, and building & construction. Besides, supportive government initiatives and offering subsidies to promote the growth of bioplastics are driving the market’s growth.
The bioplastics market in the Asia Pacific region, led by China, is estimated to grow at the fastest rate of 16.2% in the forecast period, due to the spiraling consumption of bioplastics such as polylactic acid in the packaging, textile, automotive, construction, and medical applications, which are being boosted by the demand in emerging economies in the region.
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The report provides an in-depth analysis of the competitive landscape and covers profiles of key players, along with their product portfolios and business strategies. Key players of the market mentioned in the report are BASF SE, NatureWorks, Biome Plastics, Braskem, Biotec, Total Corbion, Plantic Technologies, Mitsubishi Chemical Holdings Corporation, Novamont SPA, and Toray Industries, among others. The report offers an in-depth analysis of strategic initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions, among others.
Market Segmentation:
The report categorizes the market into different key segments based on types and applications, along with key regional segmentation. The report offers insights into the segment expected to garner traction during the forecast period, and the region expected to dominate the market in the coming years.
Geographical Terrain of the Bioplastics Market:
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Table of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Bioplastics Market Segmentation & Impact Analysis
4.1. Bioplastics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for bioplastics in the packaging sector
4.2.2.2. Growing awareness about eco-safety
4.2.2.3. Surging demand for bioplastics in additive manufacturing
4.2.2.4. Growing emphasis on sustainability
4.2.2.5. Supportive government initiatives and regulations
4.2.3. Market restraints analysis
4.2.3.1. Cost-prohibitive than conventional plastic
4.2.3.2. Availability of substitutes
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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