Press release
Bio Polymers Market Grow at CAGR of 12.05 % by 2023
Market Highlight
The global bio polymers market has been segmented into types, application and end use industries. On the basis of types, the global bio polymers market is segmented into bio- polyethylene (PE), bio- polyethylene terephthalate (PET), poly lactic acid (PLA), polyhydroxyalkanoate (PHA), biodegradable polyesters, and others (regenerated cellulose, starch blends). Among all poly lactic acid bio polymer segment is one of the fastest growing segments in the global biopolymers market and will continue to lead the market over the forecasted period. Furthermore, poly lactic acid bio polymers are water-resistant and decompose within three weeks when subjected to the industrial composting process. Therefore, poly lactic acid bio polymers finds widespread applications in domestic and various end user industry such as, packaging sector, injection molding, film and sheet casting. The increased demand from the bottling and packaging industries is expected to boost the market for poly lactic acid bio polymers in the global biopolymers market.
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Key Player
• BASF SE (Europe)
• Braskem S.A (UK)
• Biome Technologies plc (UK)
• Plantic Technologies Limited (Austrelia)
• Bio-on S.p.A. (Europe)
• Novamont S.P.A (Europe)
• Toray Industries Inc (Japan)
• Tianjin GreenBio Materials Co., Ltd (Japan)
• Danimer Scientific (US)
• Rodenburg Biopolymers (US)
Regional Analysis
Asia Pacific is the largest market of bio polymers in terms of production especially in China region. The Second largest market in terms of production is Europe followed by North America. In terms of consumption global bio polymers market is led by Europe region due to demand in various applications such as packaging and pharmaceutical industry. Second position is held by APAC region and the third largest market of bio polymers is North America. Latin America and Middle East also witnessed in growth of bio polymers market due to various application such as films, bottles, bottles, fibers, seed coating, vehicle components, medical implants, and others.
Segmentation
The global bio polymers market is majorly segmented on the basis of types, application, end users and region. Based on types bio polymers the market is segmented into bio- polyethylene (PE), bio- polyethylene terephthalate (PET), poly lactic acid (PLA), polyhydroxyalkanoate (PHA), biodegradable polyesters, and others (regenerated cellulose, starch blends). Based on application of bio polymers the market is segmented into films, bottles, bottles, fibers, seed coating, vehicle components, medical implants, and others (printed circuit boards, audio devices, fuel and exhaust system). Based on end user the market segmented into packaging, agriculture, automotive, pharmaceutical, construction, and others (electronics, personal care, sports), and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
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Geographic Analysis
The report covers brief analysis of geographical region such as:
North America
• US
• Canada
Europe
• Germany
• France
• Italy
• Netherlands
• U.K.
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• South America
• Middle East
• Africa
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