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
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
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.