London, UK, March 27, 2019 (GLOBE NEWSWIRE) -- Market Definition:
• Bioplastics and biopolymers are made out of renewable resources.
• Bioplastics are thermoplastics that are derived from bio-based sources such as seaweed, sugarcane, or starch.
• They are also derived from sources such as vegetable fats and oils, corn starch, pea starch or macrobiotic.
• Whereas, biopolymers are polymeric biomolecules are the broad class of materials that include bioplastics, and also includes natural polymers such as silk, chitosan and wool.
Market Overview and Trends
• Globally, economic activities have increased tremendously, which is affecting the production and consumption patterns and ultimately impacting the environmental aspects.
• Bioplastics and biopolymers are developed recently, and its emergence was mainly due to increasing need of maintaining environmental balance.
• Biopolymers and bioplastics are widely accepted in various industries, on account of its distinguished environment friendly properties.
• Large amount of research and development activities are being conducted in every sector such as food technology, nanotech, chemistry, medical, and agriculture to improve the applications of bio-based plastics and polymers.
• Numerous other reasons associated with research and development of bio-based products include replacement of conventional plastics in various applications, and also developing more durable versions of these products that would help making environment sustainable.
• With growing industrialization, the commercial applications of biopolymers and bioplastics are opening new avenues and thus are offering significant growth opportunities for the key players.
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Market Dynamics:
Factors Influencing the Market Growth:
• The global bioplastics and biopolymers market is mainly driven by the rapidly growing packaging industry.
• The environmental implications caused due to conventional plastic products has made the packaging industry to shift towards using bio-based products. This shift is highly contributing to the growth of this market.
• Technological advancements, increasing concerns with environmental hazards, and increasing waste management regulations globally are some other factors driving the growth of this market.
• Governments across the globe are taking plastic-ban initiative which are increasing the use of bio-based products.
Factors Restraining the Market Growth:
• High price of bioplastics
• Limited regulations related to bioplastics in developing countries
To find out more about this report please contact Sara Peerun at sara.peerun@visiongain.com or refer to our website: https://www.visiongain.com/report/global-bioplastics-biopolymers-market-2019-2029/
Market Segmentation 2019-2029:
Type
• Biodegradable Market, 2019-2029
• Non-Biodegradable Market, 2019-2029
Product
• Regenerated Cellulose Market, 2019-2029
• Bio-Polyethylene (Bio-PE) Market, 2019-2029
• Starch Blends Market, 2019-2029
• Bio-Polyethylene Terephthalate (Bio-PET) Market, 2019-2029
• Biodegradable Polyester Market, 2019-2029
• Polyhydroxyalkanoates (PHA) Market, 2019-2029
• Polylactic Acid (PLA) Market, 2019-2029
Application
• Packaging Market, 2019-2029
• Consumer Goods Market, 2019-2029
• Textiles Market, 2019-2029
• Automotive & Transportation Market, 2019-2029
• Agriculture & Horticulture Market, 2019-2029
• Others Market, 2019-2029
End User
• Residential Market, 2019-2029
• Commercial Market, 2019-2029
Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• LAMEA Market, 2019-2029
Competitive Analysis:
• As bioplastics and biopolymers is an emerging trend, large number of players are entering this market and looking towards gaining a significant market share.
• Key players such as BioLogiQ, Inc., Novamont, NatureWorks and Nofima launched new products in the market between 2017 and 2018.
• The companies also focus on mergers and acquisition to improve their position in the market.
• In February 2017 Novamont completed the acquisition of Mater-Biopolymer srl.
Major Market Players:
NatureWorks, Braskem, Novamont, BASF, Total Corbion PLA, Biome Bioplastics, Bio-On, Toray Industries, Plantic Technologies, and Mitsubishi Chemical Corporation.
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Companies covered in the report include:
Arkema
BASF
Biome Bioplastics
Bio-On
Braskem
Cardia Bioplastics
ChemCeed LLC
Chroma Color Corporation
DuPont
Green Dot Bioplastics
Greengran
Innovia Films
Matrìca
Mitsubishi Chemical Corporation
NatureWorks
Novamont
Plantic Technologies
Purac
Solegear Bioplastics
Solvay
Toray Industries
Total Corbion PLA
TradePro Inc.
US Plastics Recovery
Vertellus LLC
To discuss this report please e-mail Sara Peerun on sara.peerun@visiongain.com