Bioplastics and biopolymers are derived bio-based resources. In addition to reducing the energy consumption during production, they reduce the emission of carbon-dioxide gas on degradation. Bioplastics and biopolymers are on par with pharmaceutical-based polymers and plastics in terms of functionality.
Increased usage of Bioplastics and Biopolymers as consumer products and increase in investment on agricultural industry by the key vendors across the globe has contributed to the growth of Bioplastics and Biopolymers market. Moreover, the concept of smart cities and smart buildings and connected cities are also going to drive the demand in Bio plastics and Biopolymers market. Due to these concept, there is an increase in demand of Bio plastics and Biopolymers for waste and water management and renewable energy management among others.
Increased awareness and stringent laws across the globe, has increased the demand of Bio plastics and Biopolymers. Also frequent price fluctuation of petroleum is also contributing to the growth of the Bioplastics and Biopolymers market. Important factor is that this is recyclable, environment friendly and exhibits similar properties as petroleum based PET. Increase in demand of ecofriendly bio based polymer packaging is actually boosting up the growth of Bioplastics and Biopolymers market. Large and smooth distribution network along with strong distribution partner has led to the growth of increase in demand of Bioplastics and Biopolymers market.
Rising concern for green environment and environmental safety has compelled the governments of various developed and developing nations to take safety measures which in turn has increased the usage and demand of Bioplastics and Biopolymers market significantly. In terms of geography, EMEA accounted for the majority of shares in the biodegradable plastic market during 2017.
The global Bioplastics and Biopolymers market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Bioplastics and Biopolymers volume and value at global level, regional level and company level. From a global perspective, this report represents overall Bioplastics and Biopolymers market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Segment by Regions
Segment by Type
Segment by Application
Markets Research.biz, press release, 2019-04.
BASF Corporation (US)
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