Synopsis of Bio polymers Market
The Global Bio Polymers Market is expected to witness a significant growth of USD ~ 6.37 billion by 2023 with CAGR of ~12.05 % between 2016 and 2023
Biopolymers are polymers which is produced from biomass, and also bio-degrade with the action of heat, micro-organisms, and moisture. Biopolymers can be made by left-over starch from a crop that has been grown for foodstuffs. Increased use of bio-polymers would reduce the dependence on fossil fuels, another benefit is that biopolymers are easily bio-degradable. Bio polymers plastics, such as biobased PE and biobased PET, are the main drivers of Global Biopolymers Market growth. More than 65% of the bioplastics production capacity worldwide in 2016 was biobased, long-lasting plastics.
Bio Polymers has found in various applications such as films, bottles, fibers, seed coating, vehicle components, medical implants, and others. Increasing in demand of packaging industry is likely to drive the Bio Polymers Market growth. The growing packaging and construction industry on account of developing domestic as well as commercial market particularly in Asia-Pacific and North America has boosted the Global Bio Polymers Market over the forecasted period.
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Key players of the Global Bio Polymers Market are 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), and Others.
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.
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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Study Objectives of Bio Polymers Market:
- To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Bio Polymers Market.
- To understand the supply and demand dynamics including supply and consumption concentration mapping.
- To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries.
- To provide competitor positioning of the market.
- To provide company profiling of major players in the market along with their production and capacity.
- To provide regional trade analysis.
- To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market.
Key Points from Table of Content:
12. Company Profiles
12.1 BASF SE
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 Braskem S.A
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Update
12.2.4 Key Developments
12.3 Biome Technologies Plc
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 Plantic Technologies Limited
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
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