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Bioplastics And Biopolymers Market: Size, Growth, Share, Trends, Competitive Landscape, Forecast To 2032
Bioplastics And Biopolymers Market
The Business Research Company's Bioplastics And Biopolymers Global Market Report 2023 identifies growing demand for packaged food as the major driver for the Bioplastics And Biopolymers market's growth in the forecast period. Packaged foods are prepared foods and beverages that are wrapped in an impermeable or permeable material to keep them out of direct touch with the environment and any potential pollutants. Food and drink packaged in bioplastics and biopolymers stay fresher for longer, are protected from moisture, pollutants, UV radiation, and other elements, and have a longer shelf life
The global bioplastics and biopolymers market size is expected to grow from $8.53 billion in 2022 to $10.17 billion in 2023 at a compound annual growth rate (CAGR) of 19.15%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global bioplastics and biopolymers industry is expected to grow to $19.05 billion in 2027 at a CAGR of 17.00%.
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Major competitors in the Bioplastics And Biopolymers market are NatureWorks LLC, Braskem, BASF, Total Corbion PLA, Novamont SpA, Biome Bioplastics, Mitsubishi Chemical Holding Corporation, Toray Industries, Plantic Technologies and Bio-On SpA
A key trend in the Bioplastics And Biopolymers market includes Product innovations. Major companies operating in the market are developing innovative methods of producing bioplastics and biopolymers from algae to sustain their position in the market. Algae-based bioplastics and biopolymers are made from plants that grow in water or on wet surfaces but have no stems or leaves.
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The Bioplastics And Biopolymers market is segmented -
1) By Type: Non-Biodegradable/Biobased, Biodegradable, Other Types
2) By Raw Materials: Biomass, Natural Or Genetically Modified Organisms, Bio-Based Monomers, Petrochemicals
3) By End-Use Industry: Packaging, Consumer Goods, Automotive And Transportation, Textiles, Agriculture And Horticulture, Other End-Use Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Bioplastics And Biopolymers market.
The Business Research Company's "Global Bioplastics And Biopolymers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bioplastics And Biopolymers Market Include:
1. Executive Summary
2. Bioplastics And Biopolymers Market Characteristics
3. Bioplastics And Biopolymers Market Trends And Strategies
4. Bioplastics And Biopolymers Market - Macro Economic Scenario
5. Bioplastics And Biopolymers Market Size And Growth
.......
26. Africa Bioplastics And Biopolymers Market
27. Bioplastics And Biopolymers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bioplastics And Biopolymers Market
29. Bioplastics And Biopolymers Market Future Outlook and Potential Analysis
30. Appendix
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