New market study offers a strategic analysis of the trends and developments in the bioplastics market over the next five years.
Market research company MarketsandMarkets has just put out a new report on the bioplastics market under the title `’ Bioplastics & Biopolymers Market by Type (Bio-PE, Bio-PET, PLA, Starch Blends, Biodegradable Polyesters, Regenerated Cellulose and PHA), Application (Packaging, Bottles, Agriculture), and by Region - Trends & Forecast to 2021”.
According to this study, the global market for bioplastics and biopolymers reached USD 2.66 Billion in 2015, the base year for the projections made in this report.
The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. Five major regions are distinguished, namely, North America, Europe, Asia-Pacific, Central & South America, and the Middle East & Africa.
MarketsandMarkets researchers project that the global bioplastics and biopolymers market is projected to witness a CAGR of 12.0% from 2016, representing a market value of USD 5.08 Billion by 2021. This growth will be driven by stringent environment laws across the globe, as bioplastics have less negative impact on environment compared to traditional plastics. In addition, fluctuations in the price of oil are also expected impact this market: companies will increasingly search for alternative feedstock materials offering a higher level of price stability.
Bio-PET and PLA segments are expected to record high CAGRs between 2016 and 2021, in terms of volume. A drop-in material, bio-PET accounted for the highest market share. Bio-PET offers similar properties to conventional PET and is widely used in the packaging and bottling industries.
Europe accounted for the largest share of the global bioplastics and biopolymers market and will continue to dominate the market during the forecast period. This is mainly due to focused interest on the issue of sustainable packaging and increased political awareness in the region about environmental issues. Increased awareness has resulted in the formulation of laws and regulations that have influenced all industries in Europe.
The Central & South American market is projected to witness the highest CAGR during the forecast period, due to the ready availability of feedstock in the region. Europe accounted for the largest share
Packaging will account for the highest market share during the forecast period. Bioplastics and biopolymers are widely used in the packaging sector for food packaging, cosmetics packaging, pharmaceuticals packaging, and goods packaging. Many countries are banning conventional plastics due to environmental pollution as these plastics ultimately end up in sea or in landfills. Governments are encouraging the use of bioplastics by providing subsidies and charging taxes on the use of conventional plastics.
Bioplastics & Biopolymers Market
The bioplastics market is still in its introductory phase and R&D expenses accounts for a major portion of the product cost. This high cost of bioplastics, when compared to the conventional plastics, acts as a major restraint in the bioplastics market. In order to develop new and innovative products, technologies, and manufacturing processes, the market players collaborate with each other. These collaborations are expected to overcome the restraints in the market during the forecast period.
The market players implemented both organic and inorganic growth strategies to strengthen their market position. New product launches, partnerships, and agreements & collaborations are the major organic growth strategies adopted by the market players to enhance their regional footprint and meet the growing demand of bioplastics and biopolymers in emerging economies.
According to this report, BASF SE (Germany), Bio-on S.p.A. (Italy), NatureWorks LLC (U.K.), Metabolix Inc. (U.S.), Meredian Holdings Group Inc. (Washington), and Plantic Technologies PLC (Australia) are some of the major players in the market.
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Bioplastics & Biopolymers Market by Type (Bio-PE, Bio-PET, PLA, Starch Blends, Biodegradable Polyesters, Regenerated Cellulose and PHA), Application (Packaging, Bottles, Agriculture), and by Region - Trends & Forecast to 2021
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Op dit bericht is Corbion als leverancier van PLA gevraagd vandaag EUR 21.28 +36ct vol. 83.406
