Middle East And Africa Bio-Based Polymer Market Growing Demand, Opportunities and Analysis 2022 to 2028

Precision Business Insights published a research report on "Middle East & Africa Bio-Based Polymer Market: By Type (Non-Biodegradable Biopolymers and Biodegradable Biopolymers), End User (Consumer Goods, Packaging, Automotive, Agriculture, Textile and Others) and Geography - Global/Region/Country Forecast to 2028"

Bio-based polymers are made from biomass or microorganisms and can be used as a full or partial replacement for petroleum plastics. Bioplastics are a term used to describe many of these materials. Bioplastics, such as polypropylene, are comparable to conventional plastics in that they are utilised to manufacture commercial goods. The removal and modification of biomass natural polymers, as well as the manufacturing of plastic from natural materials, are based on three generic approaches: bio-based monomer polymerization, microorganism polymerization, and microorganism polymer processing. The abrupt breakout of the coronavirus pandemic has wreaked havoc on the packaging business, as practically every country was put on lockdown from March to June 2020, causing e-commerce companies to suspend operations for months. As a result of the fall in the packaging industry, the bio-based resin market has also slowed.

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Owing to the increased need for green synthetics around the world, the global bio-based polymer market is expected to grow significantly over the forecast period. Furthermore, factors such as strict administrative constraints on the use of produced polymers fuel the growth of the global bio-based polymer market. Because of the European Union's proximity to a large number of government administrative organisations, engineered polymers are developing slowly in Europe, while interest in bio-based polymers is growing. Furthermore, good government initiatives in the area of bio-based polymers are expected to drive market growth. Despite what one might think, high costs associated with bio-based polymers are being used to stifle the growth of the bio-based polymer sector.

In terms of type, the bio-based polymer market is segregated into poly lactic acid (PLA), starch-based plastics, polyhydroxyalkanoates (PHA), polyesters (PBS, PBAT, and PCL), and cellulose derivatives. Bio-based polymer market is categorized in terms of market value, volume, market opportunities, and niches into multiple applications. The application division for bio-based polymer market includes textile, electronics, agriculture, packaging, healthcare, and other applications.

The continued efforts by governments in the Middle East and Africa to ban non-biodegradable plastic items and promote the usage of biodegradable plastic bags are primarily driving the bio-based polymer market forward. The Ministry of Environment and Water of the United Arab Emirates has outlawed the marketing and sale of non-biodegradable plastic products. Furthermore, in order to limit plastic usage in the country, the authorities are expected to levy a tax on plastic bags used by consumers. This move will encourage consumers to choose biodegradable plastic items, hence increasing demand for bio-based polymer in the UAE.

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There are several industry players working in the Middle East And Africa Bio-Based Polymer Market, which include BASF (Germany) Biome Bioplastics (UK) Bio-On (Italy) Braskem (Brazil) Mitsubishi Chemical Corporation (Japan) NatureWorks (US) Novamont (Italy) Plantic Technologies (Australia) Toray Industries (Japan) Total Corbion PLA (Netherlands)

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