Global Biopolymers Market Leveraging Growing Demand for Eco-Friendly Packaging
The increasing use of bio-based plastics
and concerns regarding sustainable development is expected to create opportunities
for the vendors in the biopolymers market. Additionally, the need to reduce the carbon
content and effect of it on the human health is promoting the usage of
biopolymers, and the future prospects are bright, according to a newly published intelligence report from IndustryARC. The has evaluated the global biopolymers
market size to be $12 billion as of 2018 and projected the demand to increase at a superlative compound annual growth rate (CAGR) of 19%
during the forecast period of 2019 to 2025.
IndustryARC’s latest research report is titled “
Biopolymers Market: By Type
(PLA, Biodegradable Polyester, Biodegradable Starch Blends and others) By
Application & Geographic Analysis - Forecast (2019-2025)”. The report also
documents that the government has taken an initiative to encourage the use of
biodegradable polymers in order to reduce the carbon footprint.
Global Biopolymers Market: Demand Analysis and Growth Forecast
Biopolymers are polymeric biomolecules with monomeric units which are bonded together to form larger structures. Biopolymers are of different types such as sugar-based polymers, cellulose-based polymers, synthetic-based polymers, polylactic acid (PLA), Polyhydroxybutyrate (PHB), Polybutylene succinate (PBS), and Polytrimethylene terephthalate (PTT). These are used in different applications such as 3D printing, film and sheet casting, injection molding, medical applications, apparel, upholstery, and specialty resins.
Global Biopolymers Market: Leading Segments
Europe accumulated the largest demand share at 55% of the global biopolymers market in 2018 owing to the increasing investments by the companies and the demand for biodegradable polymers across diverse sectors. Moreover, according to the European Bioplastics[Pk1], the bio-plastics production in Europe amounted to 16 million tonnes in 2018. It is approximately one-fifth of the global biopolymers production capacity that is located in Europe.
On the other hand, rigid packaging continues to be the key application segment of the biopolymers market, growing at an impressive CAGR of 21% during the aforementioned forecast period. The biopolymers industry is a young and innovative sector with tremendous economic and ecological potential, and the European Union has started to acknowledge the benefits of it and has started investing ample of money in this eco-friendly domain.
Global Biopolymers Market: Disruptive Trends
Environment-friendly materials are high in demand due to increasing concerns about the environment depletion. However, there has been significant developments in terms of using eco-friendly packaging as it has been predicted that it will help in reducing pollution. This has driven the market demand for biopolymers globally.
The start-ups have started to invest in creating biodegradable fabric and methane-consuming bacteria. A company named Mango Material is piloting the initiative to use this in the production of fabrics. They are using unique approach to utilize their scarp at a cheaper cost.
The United States Environmental Protection Agency had accomplished the P3 project to understand the innovative usage of biopolymers compound in the agricultural sector. This has helped in the enhancement of germination rate of tomato plants and its impact on the nutrients.
3D Printing Biopolymers for Tissue Engineering
Tissue engineering has huge potential in the repair and replacement of damaged tissues and organs. Biopolymers can be developed for tissue engineering by 3D printing technology. This has influenced the demand for polymers in the biopolymers market.
Biopolymers for Medical Applications
Polymers have become the most necessary commodity for day-to-day activities. Biopolymers are used commonly in the manufacturing of medical devices. Biopolymers are used to produce more advanced and efficient drug delivery system.
Global Biopolymers Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global biopolymers market are BASF SE, Danimer Scientific, Novamont SpA, Galatea Bio Tech, Total Corbion, Plantic Technologies Ltd., FMC BioPolymer A.S, NatureWorks LLC, Sigma-Aldrich, and Biome Technologies Ltd.
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Cast Polymers Market
What can you expect from the report?
The biopolymer market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
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