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Bioplastics & Biopolymers (Non-biodegradable, Biodegradable) Market - Global Trends & Forecast to 2023 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Bioplastics & Biopolymers Market by Type (Non-biodegradable, Biodegradable), End-use Industry (Packaging, Consumer Goods, Automotive, Textiles, Agriculture) and Region (APAC, North America, Europe, and RoW) - Trends & Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The market size of bioplastics & biopolymers is estimated at USD 6.95 billion in 2018 and is projected to reach USD 14.92 billion by 2023, at a CAGR of 16.5% from 2018 to 2023.

Increasing use of bioplastics in the packaging end-use industry, increase in waste management regulations in Europe, favorable government policies, increased focus on bio-based content rather than biodegradability, and growing concern for human health are driving the demand for bioplastics & biopolymers. However, high price of bioplastics is a major restraining factor to the market.

Non-biodegradable bioplastics is projected to be the largest and the fastest-growing type of bioplastics & biopolymers. The major non-biodegradable bio-based polymers include, bio-PE, bio-PET, bio-PP, bio-PUR, and bio-PEF. Bio-PET is the most widely used non-biodegradable bioplastic. It is majorly used for the bottle packaging application, which accounts for a large share in the packaging industry.

Packaging is expected to be the largest and the fastest-growing end-use industry in the bioplastics & biopolymers market during the forecast period. Packaging application of bioplastics & biopolymers includes food packaging, pharmaceutical packaging, cosmetics packaging, and shopping bags. Bioplastics & biopolymers are widely used in both rigid packaging and flexible packaging. Increasing environmental legislations have restrained the use of conventional polymers, especially carry bags and packages, which drives the demand for bioplastics & biopolymers.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Bioplastics & Biopolymers Market, By Type

7 Bioplastics & Biopolymers Market, By End-Use Industry

8 Bioplastics & Biopolymers Market, By Region

9 Competitive Landscape

10 Company Profiles

  • Arkema
  • BASF SE
  • Bio-On
  • Biome Bioplastics
  • Braskem
  • Cargill
  • Mitsubishi Chemical Corporation
  • Natureworks
  • Novamont
  • Perstorp
  • Plantic Technologies
  • Succinity
  • Synbra Technology
  • Tianan Biologic Materials
  • Toray Industries
  • Total Corbion PLA
  • Zhejiang Hisun Biomaterials

For more information about this report visit https://www.researchandmarkets.com/research/qv6fqt/bioplastics_and'w=4

» Publication Date: 25/10/2018

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This project has received funding from the European Union Seventh Framework Programme (FP7/2007-2013) under grant agreement n° [605658].

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