Infinium Global Research has added a new report on Global Bio-Plastics Market: Trends Analysis and Forecast 2023. The report presents analysis of global as well as regional markets of bio-plastics over the period of 2017 to 2023. Moreover, the IGR-Growth Matrix given in the report provides key focus areas and investment areas the market players can focus on. The market size is presented in terms of value for the historic year 2017 and estimated for forecast period of 2017 to 2023.
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The global bio-plastics market was dominated by the Asia Pacific region followed by the North American and European bio-plastics market. On the basis of countries, the U.S. and China led the global bio-plastics market. The growing demand for bio-plastics in the automotive and packaging application has played a major role in driving the bio-plastics market worldwide. Similarly factors such as growing globalization leading to an increase in investments, new establishments for construction and environmental benefits of bio-plastics such as reduction of CO2 emissions, usage of organic waste, biomass and dead plants for the production of bio plastic that helps in waste management are some of the important factors responsible for the growth of the global bio-plastics market.
Furthermore, growth of global bio plastics market is likely to be driven by factors such as increasing prices of raw materials for petro based plastics, bio plastics are eco-friendly, support of government bodies and institutions. Moreover, the growing use of bio plastics in packaging applications such as biodegradable mulch films, compostable waste bags, catering products, film packaging, and rigid packaging will also boost the growth prospects for this market during the forecast period. Bio plastics possess properties such as gloss, barrier effect, antistatic behaviour and printability among others, which makes it suitable for rigid packaging application. This has created greater opportunities in the global bio plastic market over the forecast period.
Bio-Plastics are used for the applications such as Bottles, Food services, Agriculture & Horticulture, Consumer products, Automotive, Packaging and Others. The report identifies the largest application for which bio-plastics are used. Among the geographies Asia Pacific is expected to be the largest market for the bio-plastics market over the Forecast period from 2017 to 2023. The report covers the analysis of global as well as regional markets of the bio-plastics market. Moreover, the report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand globally as well as regionally. Moreover, Infinium Global Research- Growth Matrix (IGR- Growth Matrix) given in the report brings an insight on 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 value chain analysis of Bio-Plastics. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the bio-plastics that will impact the demand during the forecast period.
The Infinium Global Research- Growth Matrix (IGR- Growth Matrix) provided in this report highlights key investing markets in the world. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
The companies covered in the report include Evonik Industries, Biome Technologies Plc , Techno Polymer Co. Ltd, Natureworks LLC, BASF SE, FKuR Kunststoff GmbH, Innovia Films, Novamont SPA, Cardia Bio plastics, and Metabolix Inc.
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