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Bioplastic System – Study, Functionality, Opportunities, Strategic assessment, Forecast 2016 – 2025
Bioplastics
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Bioplastics are the family of plastics derived from the renewable feedstocks such as corn, sugarcane and cellulose. In 2016, the market for bio-plastics stood at 6,217 kilo tons and is expected to grow at a CAGR of 19.2% during the forecast period 2017-2025. Increasing adoption of biodegradable plastics, new trends and increasing popularity in the end user industries are the key factors driving the growth of bioplastics market.
In 2016, the consumption of bioplastics in rigid packaging was highest and is expected to retain its lead through 2025. Bioplastics possesses properties such as gloss, barrier effect, antistatic behavior and printability among others, which makes it suitable for rigid packaging application. Furthermore, packaging industries have substantial curiosity for the biodegradability as packaging is needed for short period but in enormous quantity, results in the accumulation of waste. Therefore, packaging industry consumes bioplastics to decrease or recycle the accumulated waste products.
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Bioplastics market report has been segmented by type as biodegradable and non-biodegradable plastics. Furthermore, biodegradable is segmented into PLA, PHA, Polyesters, Starch blends and others (cellulose esters & others) and non-biodegradable is segmented into Bio-PA, Bio-PE, Bio-PET and others (Bio-PTT, Bio-PUR and epoxies). In 2016, the consumption of non-biodegradable plastics was highest owing to its properties similar to that of traditional plastics despite being bio-based.
KEY MARKET SEGMENTS:
The market for global bioplastics is segmented as:
• Market - By Types
o Biodegradable
o Non-biodegradable
• Market - By Application
o Rigid Packaging
o Flexible Packaging
o Textile
o Agriculture & horticulture
o Consumer Goods
o Automotive Transport
o Electrical electronics
o Building & Construction
o Others
• Market - By Geography
o North America
o Europe
o Asia Pacific
o LAMEA
Key point from Table of content:
CHAPTER 7 COMPANY PROFILE
7.1 NOVAMONT SPA
7.1.1 Company Overview
7.1.2 Business performance
7.1.3 Strategic moves and developments
7.1.3.1 Primary strategy: collaboration & partnership
7.1.3.2 Secondary strategy: collaboration
7.1.4 Swot analysis of Novamont Spa
7.2 Metabolix, Inc.
7.3 BASF SE7.
7.4 Natureworks LLC
7.5 Corbion Purac
7.6 Braskem
7.7 Cardia Bioplastics
7.8 Biome Technologies Plc
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