Press release
Horticulture Bioplastic Market: Industry Trends and Developments 2017 - 2025
Changing consumer alignment toward environment friendly products will drive the demand for horticulture bioplastics in coming years. This has resulted in a shift in the focus of major plastic manufacturers and packaging vendors toward bioplastic technology. Moreover, landfills are major environmental hazards leading to adoption of bioplastic in horticulture practices. Greenhouses and gardeners can easily lessen the environmental impact of plastic pots with new biodegradable plastic. Government measures are pushing the use of sustainable and eco-friendly products among horticulture professionals; this is also one of the major factors driving the bioplastics market in the horticulture sector.
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The government also offers subsidies, incentives, exemptions and certifications to organizations producing and promoting environment friendly materials. The recycling of horticulture bioplastic products is a cost and labor intensive process, which has limited its adoption in horticulture. Slow decomposition of horticulture bioplastic may also put a restraint for their use in cultivation. However, recent significant progress in the development of biodegradable plastics is paving way for new high-performing horticulture bioplastics.
Horticulture Bioplastic Market: Region Wise Outlook
The global horticulture bioplastic market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). North America and Europe hold a major share in the horticulture bioplastic market and they are expected to maintain this stronghold throughout the forecast period.
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The key factor leading to adoption of bioplastic usage is support from government authorities and increasing health awareness among consumers. APEJ is expected to grow at a high CAGR over the forecasted period due to abundant availability of raw materials, coupled with adoption of green technology in agriculture. The Latin America horticulture bioplastic market is also projected to grow significantly over the forecast period.
Horticulture Bioplastic Market: Market Participants
Examples of some of the market participants in the global horticulture bioplastic market, identified across the value chain include: Green Dot Bioplastics, Novomant SPA, Metabolix, Inc., BASF S.A., Natureworks LLC, Corbion Purac, Braskem, Cardia Bioplastics, Biome Technologies Plc, FKuR Kunststoff GmbH, Innovia Films.
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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
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