Our latest research report entitled Biopolymers Market (by type (starch-based, sugar-based, cellulose-based, and synthetic-based), application (agriculture, packaging, healthcare, consumer products, automotive)) provides complete and deep insights into the market dynamics and growth of Biopolymers. The latest information on market risks, industry chain structure Biopolymers cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Biopolymers growth factors.
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Increasing Adoption of Biopolymers in Consumer Goods and Packaging Industries is Majorly Driving
The conventional plastics are generally produced from fossil fuels. The fossil fuel reservoirs are depleting fast, creating a scarcity of the raw materials for the plastics. Thus, the major players are finding an alternate raw material. Natural sources for plastic manufacturing is a better option for companies. Biopolymers produced from natural sources including starch, cellulose, and sugars are providing new opportunities for major players to tackle the shortage of raw materials. The biopolymers market is fragmented in nature with mid-cap companies competing with large players in the market. The major plastics manufacturers including BASF SE, NatureWorks LLC, Mitsubishi Chemical Holdings Corporation, Cargill, Inc., Plantic Technologies Ltd, and others are spending heavily on research & development to develop novel biopolymers products, which have better physical properties and wide applications.
The increasing adoption of biopolymers in consumer goods and packaging industries is majorly driving the biopolymers market. Biopolymers have better moisture and oxygen barrier and they are also transparent, which makes them suitable for packaging. Moreover, the growing demand for eco-friendly products is expanding the demand for biopolymers. The rise in awareness regarding environmental protection is changing consumer preferences in terms of buying products.
Furthermore, stringent regulations for environmental protection is supporting the growth of the biopolymers market. However, the high cost of production is the major restraining factor for the growth of the biopolymers market. Nevertheless, the increasing investment in R&D to improve the properties of plastic is expected to offer lucrative opportunities for the key players in the biopolymers market.
Europe Generated the Highest Revenue for Biopolymers
On the basis of the region, Europe generated the highest revenue for biopolymers, dominating the global market. The largest market share of Europe attributed to the high awareness among the population regarding environmental protection and the growing challenge of waste management in this region. Moreover, the favorable regulations by the government boost the growth of the biopolymers market. While the Asia-Pacific is expected to witness the highest growth rate among the other regions owing to the growing packaging and consumer goods industries in this region.
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Report on Global Biopolymers Market Covers Segments such as Type, and Application
On the basis of type, the sub-markets include starch-based, sugar-based, cellulose-based, and synthetic-based. On the basis of application, the sub-markets include agriculture, packaging, healthcare, consumer products, automotive, and other applications.
The report provides profiles of the companies in the market such as BASF SE, NatureWorks LLC, Braskem S.A., Arkema S.A., Novamont S.p.A., Total Corbion PLA, Kuraray Co., Ltd., Celanese Corporation, Biome Bioplastics Ltd, Eastman Chemical Company, and other companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-biopolymers-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Biopolymers.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.