Published on : Nov 20, 2017
Albany, New York, November 20, 2017: The market for biopolymers is growing rapidly and industries are having competitions in designing a biopolymer with superior functional attributes, abilities and commercial value. Also, in order to increase their market shares further, key players are vying to invest in key end-use industries such as packaging, agriculture, and consumer goods. According to a recent study, which has been broadcasted to the wide repository of Market Research Hub (MRH) reveals that the global biopolymers market is all set to expand at a notable 14.0% CAGR during 2017-2025, for the market to become worth US$7,774.7 mn by the end of 2025 from US$2,422.1 mn in 2016.
This 293-page study is titled as “Biopolymers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” which focuses on the present market scenario and future forecast estimations are carried out during the period of forecast from 2015- 2023. Apart from that, the historical data analysis is included in this research report, which includes a comprehensive market overview and value chain analysis over the said period. In addition, the study analyzes the opportunities in the global market for biopolymers at the regional and global level. For a clear understanding, a geographical segregation has been presented which highlights prime regions, where the market stands to gain. North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa are the prime regions outlined in the study.
Vital highlights from the study
- Nowadays, increasing use of biopolymer-based products in several end-use industries such as automotive and electronics has grown, due to stringent regulations against carbon emissions and plastic usage. In the present time, increasing awareness to protect the environment and severe regulations against plastic usage are propelling the global biopolymers market. Looking to this, keen players are also seeking entry into emerging markets that are increasingly heading towards green industrial practices and are expected to present ample growth opportunities in the upcoming years.
- In addition, changing lifestyle and growing awareness to use environmentally-sustainable products is strengthening the demand for bio-based packaging. To overcome this demand, players are pouring in money for research and development in order to introduce newer biopolymers.
- The easy availability of raw materials required for the making of biopolymers is another key factor driving the global biopolymers market.
Among the various segments based on type of biopolymers, bio-PET, bio-PE and biodegradable polyesters hold the leading share in the biopolymers market because of their excellent biodegradability and biocompatibility features. In terms of applications, packaging, textiles, consumer goods, agriculture, electronics, construction, and others are the segments of the global biopolymers market.
Asia Pacific to Emerge Lucrative in Future
Presently, Europe has emerged as the most profitable market for biopolymers, due to high adoption of environment-friendly products. However, Asia Pacific is predicted to display the leading growth rate for the forecast period between 2017 and 2025.
Later, the report covers profiles of a few of the key players functioning in the global market for biopolymers. Presently, key players in the biopolymers market include Plantic Technologies Ltd., BASF SE, E.I. du Pont de Nemours and Company, Danimer Scientific, FMC BioPolymer A.S., Archer Daniels Midland Company, Galatea Bio Tech, NatureWorks LLC, Novamont SpA, Total Corbion, among others.
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