The global Biopolymers & Bioplastics market size was valued at USD 10.7 Billion in 2021 growing at a CAGR of 20.7% from 2022 to 2032. Automotive, packaging, building & construction, textiles, and other end-use sectors all employ biopolymers and bioplastics as essential components in a variety of applications. Increased emissions and environmental deterioration are a result of the growing demand for different plastic compounds on a global scale. This led to an urgent demand for bio-based materials that can be useful in a range of end-use applications and are environmentally beneficial.
The driving factor of the Biopolymers & Bioplastics market are:
- A shift in consumers’ preference toward eco-friendly plastic products
- Strict government regulations
The growing trend of employing bio-based plastics and polymers to support the industry by complying with government standards is propelling market expansion. In addition, end-use sectors are warming up to the usage of bio-based polymers and plastics in place of commercially accessible conventional plastics and plastic compounds.
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Key Highlights:
- The global Biopolymers & Bioplastics market size was valued at USD 10.7 Billion in 2021 growing at a CAGR of 20.7% from 2022 to 2032.
- Europe dominated the market in 2021
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2022 to 2032
Key Players
The Biopolymers & Bioplastics market report gives comprehensive information about the company and its past performance. The report also provides a detailed market share analysis along with product benchmarking with key developments.
The key players profiled in the report are:
- BASF SE
- Arkema
- Braskem
- Biome Bioplastics Limited
- Covestro
- Kaneka Corporation
- Mitsubishi Chemical Corporation
- United Biopolymers
- NatureWorks Inc
- Plantic Technologies Limited
- SKYi Composites
The Global Biopolymers & Bioplastics Logistic report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the Biopolymers & Bioplastics market provide specialized product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.
COVID Impact
In terms of COVID-19 impact, the Biopolymers & Bioplastics market report also includes the following data points:
- COVID-19 Impact on Biopolymers & Bioplastics market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in the Biopolymers & Bioplastics market
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Scope of the Report:
Market Segment By Type:
- Biodegradable
- Polylactic Acid (PLA)
- Starch Blends
- Polybutylene Adipate Terephthalate (PBAT)
- Polyhydroxyalkanoate (PHA)
- Polybutylene Succinate (PBS)
- Others
- Non-Biodegradable
- Bio-PE
- Bio-PA
- Bio-PET
- Bio-PTT
- Others
Market Segment By End Use:
- Packaging
- Consumer Goods
- Automotive & Transportation
- Textiles
- Agriculture & Horticulture
- Others
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Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Europe dominated the bioplastics and biopolymers market, and this dominance is likely to persist during the projection period. Rapid use of plastics and expanding consumer awareness of bio-based goods are the region’s primary driving factors in the worldwide market.
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- Detail analysis of the impact of market drivers, restraints, and opportunities
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- Details analysis of Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
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