Press release
Bio-plastics Market 2022 Outlook, Current and Future Industry Landscape Analysis
Bio-plastics Market
Key players in the global bio-plastics market are
- BASF SE
- Arkema, DSM NV
- I. du Pont de Nemours and Company
- Evonik Industries
- NaturePlast
- NatureWorks LLC
- RTP Company
- Techno polymer Co. Ltd.
- Toray Industries Inc.
Assessing the various factors driving this market, a FMI lead analyst, said, "Increasing consumer awareness regarding benefits of greener products, strict regulations to incorporate bio-based products in automotive & packaging, and increasing investments by local companies are expected to fuel the demand for global bio-plastics market."
For Critical Insights, Request for Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-69"
Global Bioplastics Market: Drivers and Trends
Demand for bioplastics is increasing since past decade due to growing awareness concerning environmental conservation, use of bio-based or natural resources for manufacturing materials and formulation of various regulations across countries for effective use of natural resources and waste management.
In terms of materials, the global bio-plastics market is segmented as bio-PET, bio-PE, bio-PA, bio-degradable polyesters, PLA & PLA blends, starch blends, PHA and others. Currently, the bio-PET material segment dominates the bio-plastics market, and was estimated to be US$ 5.6 Bn in 2014. This segment is expected to reach US$ 29.1 Bn by 2020, with a momentous CAGR of 31.4% for the forecast period. Moreover, an increasing demand for bio-plastics from the beverage packaging industry and effectiveness of bio-plastics in one-time use application has driven the demand for the bio-PET in the last few years.
On the basis of application type, the bio-plastics market is segmented as bottlers, other packaging, food-services, agriculture/horticulture, consumer products, automotive and others. Among all the afore mentioned applications, bottles segment is expected to dominate the market with 34.4% of the total revenue share by 2020. However, automotive segment is anticipated to exhibit the second highest CAGR of 27.5% as compared to other applications during the forecast period. Additionally, influx of new entrants is predicted to fuel the growth of others application segment, thereby accounting for 5.0% market share by 2020.
Key regions considered for this market study include North America, Europe, Asia Pacific and RoW (Rest of the World). Asia Pacific represents the most lucrative market, followed by North America. Asia Pacific is expected to contribute 33.7% market share to the overall bio-plastics market by 2020. The growth of Europe is supported by the strong influence of regulatory framework and awareness regarding greener products through various media among the consumers.
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Key Segments Covered
Material Type:
Bio-PET
Bio-PE
Bio-PA
Bio-degradable Polyesters
PLA & PLA Blends
Starch Blends
PHA
others (Durable Starch Blend, Bio-TPE, Bio-PUR, Bio-PC, Cellulose Derivatives and PCL)
Applications
Bottle
other packaging
food-services
agriculture/horticulture
consumer products
automotive
Key Geographies Covered
North America
Europe
Asia Pacific
RoW
Table of Content
1. Global Bio-plastics Market - Executive Summary
2. Global Bio-plastics Market - Assumptions & Acronyms
3. Global Bio-plastics Market - Research Methodology
4. Global Bio-plastics Market - Overview
4.1. Bio-plastics Lifecycle
5. Global Bio-plastics Market - Taxonomy
6. Global Bio-plastics Market - Parent Market Indicator
6.1. Global Plastic Market Outlook
6.2. Global Plastic Market by End-use
6.3. Regulations and Policies over Plastic Market by Region
7. Global Bio-plastics Production Capacity by Region
8. Global Bio-plastics Market Overview
To be continued…!
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Website: https://www.futuremarketinsights.com Reports: https://www.futuremarketinsights.com/reports/global-bio-plastics-market
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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