Biopolymer Market those are degradable when being subjected to heat and moisture becomes biopolymers. Biopolymers are usually made from biomass, waste starch, and renewable feed stock. Plastics and polymers are generally used in packaging and coating applications. The increasing focus towards sustainable development is assumed to create a growth opportunity for polymers and bio-based plastics in the coming years. Limited accessibility to petroleum resources and fluctuation in price of crude oil are the key factors raising the growth of global biopolymers market. Moreover, government stringent rules in use of biodegradable polymers due to increasing carbon footprint and greenhouse gas emissions, makes the market more demanding. Furthermore, the increasing use of biopolymers by major automotive companies is propelling the growth of biopolymers market during the forecast period of 2021-2031.
Biopolymers offer wide range of benefits to stakeholders and packaging material and consumerproduct manufacturers. These benefits may include improving packaging material and consumer good’s eco-friendly activities. One of the key factors propelling the market for biopolymers across the globe is increased focus on bio-based content rather than biodegradability and increasing government regulation and policies regarding environment. The thriving food processing industry, especially across emerging economies in regions such as Asia Pacific, is expanding in terms of consumer base as well as establishment of manufacturing and packaging facilities. Market of ‘biopolymers are still at an emerging stage in few regions across the world and with a billion dollars investment in research and development of applications throughout various industry verticals, market growth of biopolymers has a very high potential. Biopolymer combines increasing category of packaging products and consumer goods that have eco-friendly benefits which help in creating a massive potential market for various applications. Major applications of biopolymers technology covered in report are packaging & food service, agriculture & horticulture, consumer goods, automotive and others. The rise in demand of biopolymers can increase the demand for food packaging material, agriculture & horticulture products, consumer goods and automotive industry which in turn causes the expansion ofthese industries.
The study provides a detailed view of the biopolymer market, by segmenting it based on type, application and regional demand. The biopolymer market contains the growing category of packaging of goods and food products, agriculture and horticulture product, consumer goods, automotive. These goods are fast overtaking all other product segments in the food packaging, agriculture and horticulture, consumer goods and automotive industries regarding growth rate.Biopolymer offers eco-friendly packaging application in variety of industries.BiopolymercombinesPLA, biodegradable starch blends, biodegradable polyesters, PHA, bio-PET etc. thatare widely produced by packaging, consumer goods, agriculture and automotive industries. The diverse types of biopolymers products prevailing in the market include PLA, PHA, bio-PET, biodegradable polyesters and others. Of these, the food packaging division grasps a foremost share and is trailed by consumer goods segment. In the packaging segment, eco friendly green packaging products are supreme dominant and hereafter gross supreme revenue.biopolymer products are typically irregular in shape under microscopic examination that has the potential in creating a massive prospective market for various applications and most of the chemical companies to adapt the technology by 2031.
The global biopolymer market in the report is segmented by type which includes PLA, biodegradable starch blends, biodegradable polyesters, PHA, and Bio-PET. Moreover, on the basis of end-use the market is segmented as packaging and food service sectors, agriculture and horticulture sector, consumer goods, automotive and others. The global biopolymers market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
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Some of the major players in the biopolymers market are Arkoma, BASF SE, Nature Works, Novamont, Toray Industries, Plantic, and Corbion N.V. among others.
Global Biopolymer Market: By Application
Global Biopolymer Market: By Type
Global Biopolymer Market: By Geography
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