A recent report published by Infinium Global Research on biopolymers market provides in-depth analysis of segments and sub-segments in the global as well as regional biopolymers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional biopolymers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global biopolymers market. According to the report, the global biopolymers market is projected to grow at a CAGR of 16.47% over the forecast period of 2019-2025.
The conventional plastics are generally produced from fossil fuels. The fossil fuel reservoirs are depleting fast, creating a scarcity of the raw materials for the plastics. Thus, the major players are finding an alternate raw material. Natural sources for plastic manufacturing is a better option for companies. Biopolymers produced from natural sources including starch, cellulose, and sugars are providing new opportunities for major players to tackle the shortage of raw materials. The biopolymers market is fragmented in nature with mid-cap companies competing with large players in the market. The major plastics manufacturers including BASF SE, NatureWorks LLC, Mitsubishi Chemical Holdings Corporation, Cargill, Inc., Plantic Technologies Ltd, and others are spending heavily on research & development to develop novel biopolymers products, which have better physical properties and wide applications.
The increasing adoption of biopolymers in consumer goods and packaging industries is majorly driving the biopolymers market. Biopolymers have better moisture and oxygen barrier and they are also transparent, which makes them suitable for packaging. Moreover, the growing demand for eco-friendly products is expanding the demand for biopolymers. The rise in awareness regarding environmental protection is changing consumer preferences in terms of buying products. Furthermore, stringent regulations for environmental protection is supporting the growth of the biopolymers market. However, the high cost of production is the major restraining factor for the growth of the biopolymers market. Nevertheless, the increasing investment in R&D to improve the properties of plastic is expected to offer lucrative opportunities for the key players in the biopolymers market.
On the basis of the region, Europe generated the highest revenue for biopolymers, dominating the global market. The largest market share of Europe attributed to the high awareness among the population regarding environment protection and the growing challenge of waste management in this region. Moreover, the favorable regulations by the government boost the growth of the biopolymers market. While the Asia-Pacific is expected to witness the highest growth rate among the other regions owing to the growing packaging and consumer goods industries in this region.
The report on global biopolymers market covers segments such as type, and application. On the basis of type, the sub-markets include starch based, sugar based, cellulose based, and synthetic based. On the basis of application, the sub-markets include agriculture, packaging, healthcare, consumer products, automotive, and other applications.
The report provides profiles of the companies in the market such as BASF SE, NatureWorks LLC, Braskem S.A., Arkema S.A., Novamont S.p.A., Total Corbion PLA, Kuraray Co., Ltd., Celanese Corporation, Biome Bioplastics Ltd, Eastman Chemical Company, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of biopolymers market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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