Published on : Nov 29, 2019
Plastic industry has witnessed many fluctuations over its environmental impact. Many materials such as eco-friendly materials and reusable substances have surfaced as sustainable alternatives and have replaced plastics in daily life.
Stringent regulations from government have compelled manufacturers to divert their attention towards viable substitutes such as bioplastics. Using renewable resources to develop plastics is one of the earliest moves towards sustainability. Bioplastics are composed of biomass that include sugarcane and starch. Bioplastics offer several advantages such as low fossil fuel consumption, reduced CO? emission and less plastics waste. Bioplastics are adopted for various application as they are biodegradable. The global bioplastics market is anticipated to grow at growth rate of ?11% in the near future.
An intelligence report titled, “2019 Plastics Research Review” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository
Petrochemical plastics are viable alternative
Europe evolved as world leader in such initiative owing to the extensive researches carried out by German Research Organizations. Moreover, presence of influential green organizations such as green party in German politics also support Germany’s development towards bioplastics. America has surfaced as a very progressive region in developing bioplastics. This progression is primarily inspired by two factors that include bulk agricultural productions in the region and government initiatives to support agriculture-based chemicals that include ethanol.
Two major products have gained traction as plastic alternatives that include bottle grade polyethylene and polyesters, and polyurethane foams where the former is produced form feedstock derived from sugar and the latter from soya-based polyols. Bioplastics are gaining momentum in consumer electronics segment. Samsung has announced its plan to utilize bioplastics in packaging of phone-related products by 2019 end.
Petrochemical plastics are gaining momentum as sustainable alternative to plastic owing to its biodegradable and renewable property.
Plastic industry: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the plastic industry. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the plastic industry. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on plastic industry.
An insightful and deep-dive assessment of the competitive assessment of the plastic industry pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the plastic industry. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Plastic industry: Research Methodology
Primary sources and secondary sources propel intelligence report on plastic industry that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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