Meet the Companies Trying to Break Our Plastic Addiction
Access Full Summary at: www.progressivemarkets.com/industry-research/bioplastics-...
The Global Bioplastics Market is anticipated to garner $96,627 million in 2025, growing at a CAGR of 20.9% during the forecast period 2017-2025 according to Progressive Markets report, Bioplastics Market Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025.
Bioplastics are plastics derived from renewable feedstocks such as corn, sugarcane, and cellulose. Factors such as eco-friendly properties, availability of renewable feedstocks, and favourable government policies have enabled manufacturers to adopt bio-based plastics. Increase in adoption of biodegradable products and improving the scope of bioplastics across end-user industries drive the growth of the bioplastics market. However, high production cost and comparatively limited performance standards as compared to traditional plastics hamper the market growth to a certain extent.
The global bioplastic market is segmented based on type into biodegradable and non-biodegradable bioplastics. Furthermore, biodegradable plastics are segmented into polylactic Acid (PLA), polyhydroxyalkanoates (PHA), polyesters, starch blends, and others which includes cellulose acetate and others. Non-biodegradable plastics are segmented into bio-PA (polyamide), bio-PE (polyethene), bio-PET (polyethene terephthalate), and others (Bio-PTT, Bio-PUR, and epoxies). In 2016, the consumption of non-biodegradable bioplastics was the highest in the industry due to the similarity to traditional plastics in terms of properties and is anticipated to dominate the market during the forecast period.
In 2016, Bio-PET accounted for more than one-sixth of the non-degradable bioplastics market. It is also projected to be the fastest growing segment in the non-biodegradable market during the forecast period. In line with this trend, The Coca-Cola Company flagged off its Plant PET Technology Collaborative (PTC) project, which led to the rapid growth of the Bio-PET market.
The application segments discussed in the study are rigid packaging, flexible packaging, textile, agriculture & horticulture, consumer goods, automotive, electronics, building & construction, and others. Biodegradable as well as non-biodegradable bioplastics are used in various rigid packaging applications. The adoption of bioplastics in rigid packaging was the highest in 2016, and is expected to continue this trend through 2025. Bioplastics possess properties such as gloss, barrier effect, antistatic behaviour, and printability, which make it suitable for rigid packaging application. Bioplastic rigid packaging includes bottles, cups, cans, corrugated cases, boxes, and others.
Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The European bioplastics market generated the highest revenue in 2016. Favourable policies for bioplastics manufacturers by the European policy-makers and increase in adoption of bioplastics in Germany, Italy, and the UK are the key factors driving the growth of the bioplastics market in the region. However, Asia-Pacific is projected to be the fastest producing market in terms of revenue and consumption, registering a CAGR of 22.1% from 2017 to 2025.
Do Inquiry for Sample report: www.progressivemarkets.com/request-sample/bioplastics-market
Some of the leading manufacturers profiled in this report are Novamont S.p.A., BASF SE, Natureworks LLC, Corbion N.V., Braskem, Secos Group Ltd., Biome Technologies Plc, FKuR Kunststoff GmbH, Innovia Films Ltd., and Toray Industries Inc.
The company makes use of primary corporate research and secondary inputs from trusted sources to build its own reference base. It maintains consistency in quality as it keeps itself updated with changes in market dynamics and gauging its net effect on global business trends.
Mr. Shriram Dighe
4th Floor, Unit 12, Marisoft III,
West Wing, Marigold IT Park,
Kalyani Nagar, Pune, Maharashtra 411014,
India: +91 20 66346040
Toll Free: + 1-888-906-9222
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Meet the Companies Trying to Break Our Plastic Addiction here
News-ID: 964721 • Views: 1412
More Releases from Progressive Markets
Top 5 key players of silicon carbide market are Infineon Technologies AG, Cree I …
Silicon carbide also known as carborundum is a compound of silicon and carbon with a chemical formula SiC. Superior properties such as high thermal conductivity, high-temperature strength, high hardness & wear resistance, excellent chemical resistance, low thermal expansion, low density, oxidation resistance, excellent thermal shock resistance, and high strength is expected to drive the silicon carbide market. Access Full Summary: https://www.progressivemarkets.com/industry-research/silicon-carbide-market These superior properties make it ideal for numerous applications in radio
Key players in the global hyperscale data center market include Hewlett Packard …
Hyperscale data centers are designed to provide single, immensely scalable compute architecture. The architecture fundamentally contains small, separate servers, called nodes, which provide compute, storage, and networking. The nodes are clustered together and managed as a whole. The primary objective of hyperscale architecture is to keep the initial investments in check by starting on a small scale. Moreover, the increasing adoption of hyperscale data centers due to its unique benefits
Smart Bottle Market is projected to grow at a CAGR of 28% by 2023
Smart Bottle Market is expected to grow at a CAGR of 28% from 2017 to 2023. Smart water bottle is generally used in order to update the consumer on the level of hydration in the body. It collects and tracks different information such as weight, age, temperature, etc. Rising concerns among people regarding fitness, weight-loss and health is anticipated to propel the growth of smart bottle market in the next
Railway Management System Market Explained: Where will be Market in 2025?
Railway management system is used as a communication platform for effective management of trains by tracking their movement, induction, brake withdrawal, and others. The system offers signaling information including route setting, track circuits, points, signals, and others. Moreover, it enables control and tracking of the flow of information between various sub-systems such as doors and converters along with train and ground. The railway management system assists in reliable and efficient
More Releases for Bioplastic Bioplastics PET
Horticulture Bioplastic Market 2019 Emerging Growth and Future Scope with Top Co …
Overview of Horticulture Bioplastic Market 2019 Horticulture Bioplastic, made from bio-based materials releases nutrients as the plastic degrades, and it also offers a range of environmental advantages. Biodegradable mulching films have made rapid improvement in terms of usability, allowing cultivators to plough in bioplastic mulch after use, instead of collecting them from the field for recycling, which improves operational efficiency. Some advancements expected in horticulture bioplastics in the near future are
Bioplastic Packaging Market 2019 Worldwide Overview By BASF, Dow Chemical, Konin …
Global Bioplastic Packaging Market Information: by Type (Bio-PET, PLA, PBS, Bio-PP, and others), Application (Plastic Bottles, Packaging, and Others), and Region - Forecast Till 2023 Some of the prominent players in the Bioplastic Packaging market include BASF SE, Dow Chemical Company, Koninklijke DSM N.V., Eastman Chemical Company, IFS chemicals, NatureWorks LLC, Metabolix Inc., Arkema Group, Novamont S.p.A., Albis Plastics, Innovia Films, Biome Bioplastics Limited., FKuR Kunststoff, Grace Biotech, and DaniMer Scientific
Bioplastic Packaging Market 2018-2023 Key Countries Analysis By Bio-PET, PLA, PB …
Global Bioplastic Packaging Market Information: by Type (Bio-PET, PLA, PBS, Bio-PP, and others), Application (Plastic Bottles, Packaging, and Others), and Region - Forecast Till 2023 Bioplastic Packaging Market Prognosticated To Escalate With a Staggering CAGR; MRFR Unleashes Industry Insights Up To 2023 BASF SE, Dow Chemical Company, Koninklijke DSM N.V., Eastman Chemical Company, NatureWorks LLC, Metabolix Inc., Arkema Group, Novamont S.p.A., Biome Bioplastics Limited., FKuR Kunststoff and DaniMer Scientific LLC. are some
Bioplastics Packaging Market Outlook to 2025 - NatureWorks, Arkema, Novamont, BA …
An exclusive Bioplastic Packaging market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Bioplastic Packaging Market By Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report