Bio Polymers Market Synopsis:
The Global Bio polymers is expected to witness a significant growth of USD ~ 6.37 billion by 2023 with CAGR of ~12.05 % between 2016 and 2023
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.
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.
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Top Company Profiles Analysis:
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.
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 is water-resistant and decomposes 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.
APAC accounted for the second largest market of the Global Biopolymers during the forecast period. The major driver for bio polymer in APAC are demand from end user industries such as packaging, pharmaceutical, automotive industry, and stringent government regulation. Whereas, the major restrains of this markets are shortage of raw material and competition from fossil-fuel products. The market is driven by depleting natural resources, demand from end-user industries, and stringent government regulations. However, this market faces certain problems such as lack of commercialization in the developing countries. China is the leading consumer of bio-polymers in 2016 followed by India, Indonesia, and Japan. The Bio-Polymers Market in China will grow at a high rate during the forecast period owing to the huge demand from the end-user industries such as pharmaceutical and automotive. APAC region biopolymers estimated the top five biopolymers in 2016 by production capacity biodegradable starch blends, polyhydroxyalkanoate (PHA), polylactic acid (PLA), biopolyethylene (bio-PE), and biodegradable polyester.
North America holds third position among the regions in the Global Bio Polymers Market during the forecast period of 2016-2023. North America, has around 25% of the overall biopolymer films market share in 2016. In this region leading contributors for biopolymers markets are Canada and US. Latin America and Middle East & Africa are anticipated to invest in the research & development of biopolymers during the forecast period.
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
The report about Global Bio Polymers Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
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1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Bio Polymers Market
5 Industry Overview Of Global Bio Polymers Market
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