Dallas, Texas, April 19, 2019 (GLOBE NEWSWIRE) -- The global biodegradable polymers market is projected to reach more than 800 kilo tons by 2025. Rising concern regarding plastic waste and declining biodegradable Polymers prices are expected to be the key market drivers. High-income countries including most of Europe, North America, Japan, Australia, and South Korea have an effective plastic waste management system in place. However, low- and middle-income countries in South Asia and Africa have inadequate disposal solutions of plastic waste. Growing development of biodegradable Polymerss with equivalent or better physical characteristics as conventional Polymerss is expected to increase demand over the coming years.
Request a PDF sample of the global Biodegradable Polymers market research report @ https://www.adroitmarketresearch.com/contacts/request-sample/826
The global biodegradable Polymers market size is estimated based on the ongoing trend of bioplastic and consumption patterns of the bioPolymerss across the globe. The report also provides the various key strategies adopted by the leading players to strengthen their distribution channels. The global biodegradable Polymers market has also been evaluated based on an extensive value chain and a better understanding of Porter’s Five Forces analysis for the industry players’ decision making.
Growing consumer demand for sustainable packaging is expected to result in the market gaining traction over the coming years. Biodegradable packaging presents an opportunity for manufacturers to differentiate their offerings and to show a eco-friendlier image to end-user industries. In order to address the growing demand, manufacturers are introducing new products to attract consumers. For instance, NatureWorks developed new generation polylactic acid for microwavable packaging
The “Global Biodegradable Polymer Market Size 2017 By Production (Starch-based, Polylactic acid (PLA), Polyhydroxyalkanoates (PHA), Synthetic), By Application (Packaging, Loose fill, Bags and sacks, Fibre, Others), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) and Forecast 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
Europe and North America together accounted for 78.6% of the global biodegradable Polymers market share in 2017.
The global biodegradable Polymers industry is competitive in nature. Leading producers operating in this industry are NatureWorks, BASF, Total Corbion PLA, Mitsubishi Chemical Corporation, Biome Bioplastics, weforyou Group, Synbra Technology, Novamont, and Arkema. Over the past few years, consumption of biodegradable Polymers has been less than production by virtue of high prices as compared to conventional Polymerss. However, declining starch and polylactic acid prices followed by a plastic ban in
Europe and North America have increased manufacturers attention towards biodegradable Polymerss. Growing packaging industry followed by eco-friendly characteristics of biodegradable Polymerss is expected to gain market expansion over the coming years.
Direct purchase the Single user copy of the research study @ https://www.adroitmarketresearch.com/researchreport/purchase/826 . or Are you looking for a discount on purchasing the report? If yes then, contact us @ https://www.adroitmarketresearch.com/contacts/discount/826
Well-established vertically integrated chemical manufacturers operating in this industry are adopting M&A and production expansion strategies in order to expand their presence and remain competitive in the industry. For instance, in June 2018, Bio-on, operating in bioplastic production opened its first biodegradable and natural bioplastic production plant in Italy. This plant is equipped with advanced research laboratories and the latest technologies. In addition, in September 2018, Kaneka Corporation, a Japanese company engaged in the production of biodegradable Polymers, announced production expansion of Kaneka Biodegradable Polymers PHBH.
Apart from facility expansion, manufacturers are focussing more on new product development strategy in order to cater to growing demand for packaging, medical, and other industrial applications. For instance, in November 2017, Aquapak Polymerss Ltd introduced new biodegradable Polymers Hydropol. Highly flexible, water soluble, recyclable, biodegradable, FDA approved, and non-toxic characteristics are expected to gain popularity in the packaging industry.
Biodegradable Polymer Market Insights:
- In 2018, Europe accounted for more than 50% of the overall market share. The European market is driven by government directives on packaging waste in order to divert increasing packaging waste towards composting. In 2019, the European Parliament approved a law on banning plastic items such as cutlery, straws, and cotton buds by 2021, which in turns is expected to increase consumption of biodegradable polymers.
- In 2018, starch-based biopolymers accounted for more than 40% of overall market share. Easy availability, lower prices, and favorable environmental conditions has encouraged manufacturers to develop starch-based biodegradable polymers as an effective substitute for conventional polymers. In 2018, global starch consumption was more than 25 million tons and food & beverage industry accounted for more than 40% overall starch application.
- Polylactic acid accounted for more than 30% of the overall market share in 2018. Growing consumption of polylactic acid (PLA) in personal care products such as shampoos, creams, and other body care products is expected to increase its market expansion over the projected period. The global beauty and personal care products industry accounted for more than USD 400 billion in 2017. Growing personal care products industry is expected to drive polylactic acid demand over the coming years.
- The global biodegradable polymer industry is competitive in nature. Polylactic acid and starch industry are controlled by specialist biopolymer producers such as Rodenburg Biopolymers, Novamont, Pyramid Technologies, NatureWorks, Tejin, Hisun, Synbra Technology, and weforyou Group. NatureWorks accounted for more than 40% of the overall market share in polylactic acid production.
Major points from Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Market Overview, By Product
Chapter 5. Market Overview, By Application
Chapter 6. Market Overview, By Region
Chapter 7. Company Profiles
Continued…
Grasp advance knowledge on Biodegradable Polymers Industry through in-depth Blogs, White Paper & Infographics:
Access the White Paper “Biodegradable Polymers: A Multifaceted Solution” @ https://www.adroitmarketresearch.com/white-paper/biodegradable-polymers-a-multifaceted-solution
Read the in depth blog titled “Biodegradable Polymers Bound To Make An Impact On Your Business” @ https://www.adroitmarketresearch.com/blogs/biodegradable-polymers-bound-to-make-an-impact-on-your-business
Browse more related reports:
Global Smart Polymers Market Size 2017-2023:
The global smart polymers market size is estimated to reach USD 29.14 billion by 2025, driven by increasing requirement of efficient drug delivery system, innovative use of smart polymers in various industry verticals such as automobile, textile and biotechnology. Increasing investment in R & D of smart polymers by the major market players to find innovative solutions in biomedical field will propel the global smart polymers market in the forecast period. Browse the report @ https://www.adroitmarketresearch.com/industry-reports/smart-polymers-market
Global Water Soluble Polymers Market Size and Forecast, 2018-2025:
Key players contributing to grow the global water soluble polymer market comprise DuPont, Ashland Inc., The Dow Chemical Company, SNF group, Nitta Gelatin Inc., Kuraray group, Gantrade, BASF. Other industries also growing in the global market such as AkzoNobel, Kemira Oyi, Gelita AG, and other.
Browse and Pre-Book the report with 10% Discount @ https://www.adroitmarketresearch.com/industry-reports/water-soluble-polymers-market
Access research repository of Upcoming Reports @ https://adroitmarketresearch.com/upcoming.html
About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Us:
Ryan Johnson
Account Manager - Global
3131 McKinney Ave Ste 600
Dallas, TX 75204
Email ID: sales@adroitmarketresearch.com
Phone No.: +1 (214) 884-6068
Connect with us: Facebook | Twitter | LinkedIn