Global Bio-Plastic Market: Global Market Analysis and Future Growth Trends

Bioplastics includes both biodegradable and non-biodegradable polymers that are manufactured from natural sources. The use of bioplastics is being encouraged consistently, in obtaining natural polymers from agricultural, cellulose or potato and corn starch waste. The production and practice of bioplastics are considered as a sustainable solution due to low emission of greenhouse gases. Aspects such as eco-friendly properties, upsurge in consumer awareness, growth in environmental apprehensions, and favourable government guidelines drive the growth of the bioplastic market. However, high production cost and comparatively lower performance standards than synthetic plastics restrain the market growth to a certain extent.

The bioplastics market will witness a significant growth in the coming years owing to the growing consumer preference towards eco-friendly materials and growing innovative technologies to produce bio-plastics. Furthermore, the increased consumption and demand for packaged food and need for sophisticated packaging for the growing middle class are adding up to the growth of global bio-plastic market.

This report provides an in-depth analysis of the global bio-plastic market with a key focus on various bio-plastic materials. The report segments the market on the basis of material (Aliphatic and Aromatic Co-Polyesters (Bio-PET, PEF, PEN, etc), Bio-PE, Bio-PP, Bio-PA, Bio-PBS, starch blends, regenerated cellulose, moulded fibres, water soluble polymers (such as casein, gelatine, xanthan gum, guar gum, carrageenan, and pectin, etc)); On the basis of Application (Food Packaging, Bottles, Engineering Plastic (Automotive), Household product, Agriculture, Pharmaceutical, Construction, Others). Furthermore, this report provides in depth analysis of these segments based on regions and its key countries (North America, Asia-Pacific, Europe, MENA, Latin America).

The report provides market size of all the segments in terms of Value (US$ Billion), Volume (kilotons (KT)) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2018 – 2023), considering 2017 as the actual year and 2016 as Historical Year.

This study also provides key insights about market drivers, restraints, opportunities, challenges, burning issue, key industry trends including value chain, porter five forces, raw material analysis, pricing analysis, new technological innovations, upcoming trends and various organic and inorganic growth strategies adopted by the leading players.

It also provides the full analysis of leading players operating in the value chain of bio-plastic market which includes key company profiles for the material manufacturers and processors involved in the market. These profiles are based on key parameters including company overview, key financials, product and services offered, geographical presence, company strategy and sustainability goals, and competitive analysis of developments recorded in the industry during the past five years. The key industry players include BASF SE, Braskem S.A., Corbion NV, Metabolix Inc., Natureworks LLC, Indorama Ventures Public Company Limited, Biome Technologies PLC, Plantic Technologies Ltd., Bio-On S.P.A., Novamont S.P.A, Toray Industries. In addition, the report will also provide the short overview of few additional company profiles operating in the market. Due to current updates on this product, the delivery time may be extended to 15 business days.