According to MarketIntelReports’ “ Biopolymers Market: By Type (PLA, Biodegradable starch blends, Biodegradable polyesters, PHA, Bio-PE, Bio-PET); By Application (Rigid packaging, Flexible packaging, Textiles, Consumer goods, Agriculture & horticulture, automotive) – Forecast (2016-2021)”:
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Biodegradable polymers are the polymers which are degradable when exposed to heat or moisture under the action of microbes. These materials are made from waste starch, renewable feedstock, and biomass. Commercially available polymers like polylactic acid and bionanocomposites are used in electronics and automotive industries. The use of biodegradable plastic is being encouraged by governments to reduce the carbon footprint. The Biopolymers Market has applications in the automotive industry for interior applications. Bioplastic has a high consumer acceptance, since it is used in applications like textiles, packaging, consumer goods, agriculture, and horticulture. New materials like PLA, PHA, and cellulose are used regularly for packaging.
Scope & Regional Forecast of the Biopolymers Market
Changes in crude oil prices, limited availability of petroleum resources, and awareness towards ecological problems propel the growth of the Biopolymers Market. Fluctuating political conditions and environmental regulations on Carbon emissions will spur the demand for natural polymers. The market will have a good growth. Raw materials required for manufacturing the biomaterials are obtained from agricultural waste.
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Cost is an inhibiting factor for the Biopolymers Market. Europe is expected to be the largest market for biopolymer plastic. Thailand and China are also making use of biopolymers in Asia Pacific. Bioplastic is very popular in Thailand due to the availability of biomass, supporting industries, government cooperation and policies. Germany and Italy will propel the market in Europe due to stringent environmental regulations.
Consumers are showing more interest for eco-friendly products. This encourages the use of microbial biopolymers in the future. The penetration of biopolymers is increasing in bottles, packaging, and automotives at a very high pace. Biodegradability of such polymers and introduction of green products will boost the demand for the market.
Segmentations & Key Players Involved in the Biopolymers Market
The Biopolymers Market can be broken down into various segments as follows:
Type- PLA, Biodegradable Starch Blends, Biodegradable Polyester, Polyhydroxyalkanoate (PHA), Bio Polyethylene (Bio-PE), Bio-Polyethylene Terephthalate (Bio-PET), and Others.
Application-Rigid Packaging, Flexible Packaging, Textiles, Consumer Goods, Agriculture & Horticulture, Automotive, and Others.
Region- Americas, Europe, others, and Asia Pacific.
Some of the key players involved in the Biopolymers Market are as follows:
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