Bioplastics Market is expected to see growth rate of 14.21% | NatureWorks, Novamont, BASF, Mitsubishi Chemical

Bioplastic is a biodegradable material which comes from renewable sources and can be used to reduce the problem of plastic waste that is suffocating the planet and polluting the environment. The normal plastic is a petroleum derivative and it is non-biodegradable. Bioplastics are derived from renewable biomass sources such as vegetable fats and oils, corn starch, straw, woodchips etc. Bioplastics can be used for disposable items like packaging, crockery, cutlery etc. The global bioplastics market is expected to witness high growth in the near future due to increasing focus of government and regulatory authorities on environment conservation activities. "In an increasingly eco-conscious environment, the global market for bioplastics is predicted to grow by more than 15 percent over the next five years," says Hasso von Pogrell, Managing Director of European Bioplastics. "at the 14th European Bioplastics Conference in Berlin. According to AMA, the Global Bioplastics market is expected to see growth rate of 14.21%.

The Bioplastics Market has witnessed continuous growth in the last few years and is projected to grow even further during the forecast period of 2020-2026. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. Some of the major and emerging players in the Global Bioplastics market are NatureWorks (United States), Braskem (Brazil), Novamont (Italy), BASF (Germany), Total Corbion PLA (Netherlands), Biome Bioplastics (United Kingdom), Bio-On (Italy), Toray Industries (Japan), Plantic Technologies (Australia) and Mitsubishi Chemical Corporation (Japan).

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Market Segmentation: by Type (Bio-Degradable plastics (Polylactic acid (PLA), Polyhydroxyalkanoate (PHA), Biodegradable starch blends, Biodegradable polyesters, Biodegradable cellulose esters), Non-Biodegradable Plastics (Bio-PA, Bio-PET, Bio-PE, Bio-PC, Bio-TPE, Bio-PUR)), Application (Packaging, Agriculture, Food Service, Automotive Consumer Electronics, Household Appliances, Consumer Goods)

The Global Bioplastics Market study covers current status, % share, future patterns, development rate, SWOT examination, sales channels, to anticipate growth scenarios for years 2020-2026. It aims to recommend analysis of the market with regards to growth trends, prospects, and player's contribution in the market development. The report size market by 5 major regions, known as, North America, Europe, Asia Pacific (includes Asia & Oceania separately), Middle East and Africa (MEA), and Latin America and further into 15+ country level break-up that includes China, the UK, Germany, United States, France, Japan, batch of Southeast Asian & Nordic countries.

Market Drivers
o Increasing Focus of Government and Regulatory Authorities on Environment Conservation Activities
o Increasing Consumer Awareness

Market Trend
o Increasing Demand for Sustainable Products by both Consumers and Brands

Restraints
o Increased Raw Material Cost
o Dependence on Petroleum-Based Bioplastics
o Lower Performance Standards than Synthetic Plastics

Opportunities
o Demand for Eco-Friendly Products
o High Demand from Asia Pacific Region

Challenges
o Decomposition of the Bioplastics Releases Methane, Which is More Harmful Greenhouse Gas than Carbon Dioxide
o Expensive than Petrochemical Plastics

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For Consumer Centric Market, Survey or Demand Side Analysis can be provided as part of customization which consider demographic factor such as Age, Gender, Occupation, Income Level or Education while gathering data. (if applicable)

Consumer Traits (If Applicable)
? Consumer Buying patterns (e.g. comfort & convenience, economical, pride)
? Buying behavior (e.g. seasonal, usage rate)
? Customer Lifestyle (e.g. health conscious, family orientated, community active)
? Expectations (e.g. service, quality, risk, influence)

The Bioplastics market factors described in this report are:
-Key Strategic Developments in Bioplastics Market:
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale.

Key Market Features in Global Bioplastics Market:
The report highlights Bioplastics market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Bioplastics, market share and annualized growth rate (Y-o-Y) and Periodic CAGR.

Analytical Market Highlights & Approach
The Global Bioplastics Market report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of various analytical tools. The analytical tools such as PESTLE analysis, porters five forces analysis, feasibility study, SWOT analysis by players, BCG matrix, heat map analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.

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Strategic Points Covered in Table of Content of Global Bioplastics Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Bioplastics market
Chapter 2: Exclusive Summary - the basic information of the Bioplastics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Bioplastics
Chapter 4: Presenting the Bioplastics Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Bioplastics market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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