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Market Size – USD 8,231.8 Million in 2019, Market Growth - CAGR of 14.9%, Market Trends –Surging demand for bioplastics in additive manufacturing
VANCOUVER, BC, CANADA, October 18, 2021 /EINPresswire.com / -- The global bioplastics market is projected to be worth USD 25.27 Billion by 2027, according to a current analysis by Emergen Research. The bioplastics market is experiencing rapid growth attributed to its increasing demand in end-use applications, such as packaging, textile, automotive & transportation, consumer goods, agriculture, and building & construction. Besides, supportive government initiatives and offering subsidies to promote the growth of bioplastics are driving the market's growth.
The report presents an overview of the key drivers, opportunities, and restraints of the market, which clearly define its position on a global level. Furthermore, detailed insights into the geographical spectrum of the market and a concise study of the key market contenders are among the most prominent components of the global Bioplastics market report.
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Key Highlights From The Report
In February 2018, Teijin Ltd. made an announcement about the development of a formable film, which is resistant to gasoline and produced from PLA NEXT® bioplastic to substitute chrome plating, adopted by Honda Lock Mfg. Co., Ltd. for use in the nonconductive door handles having smart-entry systems.
The bioplastics market in the Asia Pacific region, led by China, is estimated to grow at the fastest rate of 16.2% in the forecast period, due to the spiraling consumption of bioplastics such as polylactic acid in the packaging, textile, automotive, construction, and medical applications, which are being boosted by the demand in emerging economies in the region.
Key participants include BASF SE, NatureWorks, Biome Plastics, Braskem, Biotec, Total Corbion, Plantic Technologies, Mitsubishi Chemical Holdings Corporation, Novamont SPA, and Toray Industries, among others.
The global Bioplastics market is a segmented market. The market segments are generated based on product types offered in the market, their applications, end-user industries, different types of technologies, and key regions of the market.
Type Outlook (Revenue, USD Billion; 2017-2027)
Biodegradable
Polybutylene Adipate Terephthalate (PBAT)
Polybutylene Succinate (PBS)
Polylactic Acid (PLA)
Polyhydroxyalkanoate (PHA)
Starch Blends
Others
Non-Biodegradable
Polyethylene (PE)
Polyamide (PA)
Polyethylene Terephthalate (PET)
Polytrimethylene Terephthalate (PTT)
Polypropylene (PP)
Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Online
Offline
Application Outlook (Revenue, USD Billion; 2017-2027)
Packaging
Textile
Automotive & Transportation
Consumer Goods
Agriculture
Building & Construction
Others
The report begins with basic information about the market, such as definitions, applications, classifications, value chain analysis, among others, to facilitate a better understanding among the readers. The market offers a panoramic view of the industry through a thorough analysis of the key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Detailed Analysis of the Regions of the Bioplastics Market Include Regions such as:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Features of the Report:
Comprehensive assessment of the COVID-19 impact on the growth of the Bioplastics market
Strategic recommendations to the key players and new entrants
Value chain analysis and pricing analysis of the Bioplastics market
Country-wise and region wise assessment of the market growth and market size
Growth forecast and revenue estimation of the Bioplastics market
Detailed assessment of key market drivers, restraints, growth prospects, and limitations
8-year forecast of the global Bioplastics market
Table of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Bioplastics Market Segmentation & Impact Analysis
4.1. Bioplastics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for bioplastics in the packaging sector
4.2.2.2. Growing awareness about eco-safety
4.2.2.3. Surging demand for bioplastics in additive manufacturing
4.2.2.4. Growing emphasis on sustainability
4.2.2.5. Supportive government initiatives and regulations
4.2.3. Market restraints analysis
4.2.3.1. Cost-prohibitive than conventional plastic
4.2.3.2. Availability of substitutes
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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