Global Bioplastics Market Anticipated to Surge Noticeably at a CAGR of 6% during 2018-2023


Published on : Jul 03, 2018

Albany, New York, July 3, 2018: Market Research Hub (MRH) has freshly publicized a study titled “Global Bioplastics (Bio-plastics, Bio plastics) Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023” to its extensive database. This 137-page study outlines various facets of the market covering market trends, factors along with industry growth prospects from 2012 to 2018, and forecast to 2023. In addition, the report also highlights opportunities in the bioplastics market at the global and regional level. Prime regions emphasized in the study are North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; these are analyzed in terms of market revenue.

Major Highlights from the Study

According to the study key evaluations, the worldwide market for Bioplastics is expected to grow at an impressive CAGR of roughly 6.0% over the next five years. It has been studied that most people consider the production and use of bioplastics as a more sustainable activity compared with plastic production from petroleum. It represents a new generation of plastics that reduce the impact on the environment, both in terms of energy consumption and the amount of greenhouse gas emissions.

The report begins with an executive summary which offers highlights and gist of the report. The succeeding sections involve information on the leading drivers, trends, opportunities, and restraints that the global bioplastics industry players are facing currently. The qualitative information in the report, including the assessment of market dynamics, offers readers detailed information on the key factors that are shaping the market. Additionally, a detailed discussion of the segmentation of the bioplastics market provides readers with a clear view of the various components of the market. The market has been segmented on the basis of type and applications.

One of the major fact about Bioplastic products is they are derived from renewable biomass sources such as vegetable fats and oils, corn starch, pea starch or microbiota. These products are used for disposable items such as crockery, pots, bowls, straws, etc. By types, the study outlines Bio-PET, PHA, Bio-PE, PLA, Starch Blends and others. Moving further, on the basis of application, Bioplastics can be used in packing industry, bottles manufacturing, automotive industry and others.

The report also provides full profiles of various companies currently running in this particular market. Currently, Braskem, NatureWorks, Novamont and BASF are major manufacturers of this industry. Some other major players mentioned in the research report include Arkema, Corbion, Biomer, PSM, Zhejiang Hisun Biomaterials, Myriant, DuPont, Biome Bioplastics, Kingfa, Danimer Scientific, PolyOne, FKuR, Grabio and Mitsubishi.

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