Bioplastics Market Share, Industry Growth, Trends, Business Opportunities, Challenges, Growth Insights to 2026

  The global bioplastics market size is projected to reach USD 19.93 billion by the end of 2027. The increasing investments in the research and development of low cost and efficient products will have a huge impact on the growth of the market. According to a report published by Fortune Business Insights, titled “Bioplastics Market Size, Share & Industry Analysis, By Type (Biodegradable and Non-biodegradable), By Application (Rigid Packaging, Flexible Packaging, Textiles, Automotive & Transportation, Agriculture & Horticulture, Consumer Goods, and Others), and Regional Forecast, 2019-2026,” the market was worth USD 6.04 billion in 2019 and will exhibit a CAGR of 16.2% during the forecast period, 2020-2027.

Bioplastics are materials that are derived from renewable energy sources with the aim of minimizing the impact of plastics on the environment. Bioplastics are commonly sourced from renewable energy sources and are easily degradable. The environment-friendly nature of the material makes it suitable for use in widespread applications.

The presence of several large scale companies that are focusing on the research and development of efficient bioplastics, with the aim of offering them at lower costs will have a huge impact on the growth of the overall market in the coming years. The increasing investments on product R&D will bode well for the market in the long run. The ease of availability of energy sources that are used in manufacturing will contribute to the widespread adoption of the product across the world.

 

List of Top Key Players in Bioplastics Market research report include;

  • Kaneka Takasago
  • Taghleef Industries
  • Genecis
  • Braskem
  • BASF
  • Toray
  • Roquette
  • Succinity GmbH
  • NatureWorks
  • Solvay
  • Danimer Scientific
  • Trifilon
  • Biofase
  • Bioapply
  • Lyondellbasell
  • Avantium
  • PTT MCC biochem
  • Total Corbion NV
  • LCY biosciences
  • Matrica
  • Novamont S.p.A.
  • Other Players

To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/industry-reports/bioplastics-market-101940

 

Geographically, the global Bioplastics Market is dominated by Europe holding about 19% Bioplastics Market share. This percentage is anticipated to reach 25% by the end of 2022 on account of suitable policies adopted by the European state members of France and Italy. Moreover, the presence of a robust automotive industry demanding lightweight vehicles and a rise in demand for bioplastics used for packaging products are further anticipated to help this region continue dominance in the coming years.

Bioplastics Market Drivers and Restraints

A major Bioplastics Market growth driver is the increasing environmental concerns related to the use of plastic and its harmful effects. This, followed by the rise in demand for alternatives for plastics, is expected to help increase the overall Bioplastics Market size in the forecast period. Besides this, the increasing demand for bioplastics from industries such as pharmaceutical companies and food industries is anticipated to help attract high Bioplastics Market revenues in the forecast period. This is owing to the rise in demand for ready-to-eat food products that require safe packaging materials with low environmental impact.According to the current Bioplastics Market trend, the market is dominated by the rigid packaging segment with respect to applications. This is on account of high demand from shipping companies that demand sustainable yet sturdy packaging products fit for carrying a heavy load.


Comments

Post a Comment

Popular posts from this blog

Liquid Waste Management Market Growth, Size, Share, Trends, and Business Opportunities to 2026

  The global  liquid waste management  market size is predicted to reach  USD 85.02 billion by 2026 , exhibiting a CAGR of 3.3% during the forecast period. The rising population around the world has led to a necessity for efficient liquid waste management, which, in turn, will bolster the healthy growth of the market in the forthcoming years. As per the United Nations study, the world population is expected to reach 8.5 billion by 2030, 9.7 billion by 2050 and surpasses 11 billion by 2100. Liquid Waste Management Market Analysis, Insights and Forecast, 2015-2026 Moreover, the ongoing projects for water treatment plants in the developing nations will subsequently accelerate the liquid waste management industry revenue in the forthcoming years, mentioned a report, titled  " Liquid Waste Management Market Size, Share & Industry Analysis, By Source (Residential, Commercial & Industrial), By Industrial (Paper & Pulp, Chemical & Petrochemicals, Food & Beverages, Text
Read more

Cold Chain Packaging Market Size Analysis, Industry Share, Growth, Trends, Segmentation, and Regional Demand Forecast by 2027

  The global   cold chain packaging market size   to gain traction from the rising adoption of reusable cold chain pallet and parcel delivery bins. These are helping multiple pharmaceutical manufacturers in transporting high-value products efficiently worldwide. This information is given by Fortune Business Insights™ in a new study, titled, “Cold Chain Packaging Market Size, Share & COVID-19 Impact Analysis, By Product Type (EPS Containers, PUR Containers, Pallet Shippers, Vacuum Insulated Panels and Others), By Application (Pharmaceuticals, Food and Industrial), and Regional Forecast, 2020-2027.” The study further mentions that the cold chain packaging market size was USD 17.79 billion in 2019 and is projected to reach USD 39.45 billion by 2027, exhibiting a CAGR of 10.7% during the forecast period. Owing to the lockdown announced by the government agencies to curb the spread of the novel coronavirus, several industries have been on a standstill with zero operational activities. H
Read more

Sterile Medical Packaging Market Business Opportunities, Growth Insights, Trends, Size to 2027

  The global   sterile medical packaging market   size is expected to reach USD 47.89 billion by 2027, exhibiting a CAGR of 5.5% during the forecast period. Sterile Medical Packaging Market Driver : Growing Hygiene and Sterility in Medical Equipment to Stimulate Growth The increasing prevalence of infectious and communicable diseases and viruses such as COVID-19, flu, tuberculosis, and SARS has led to improved hygiene in medical devices intending to prevent any contamination or spread of disease in patients. The focus towards robust packaging in medical devices such as syringes, needles, bandages, face masks, gloves, applicators, suction catheters, testing kits, and surgical sponges, will positively influence the market growth. The packaging used in these devices necessitates effectual maintenance for sterility. Thus, the need for effective packaging solutions will propel the market during the forecast period. In addition, the rising demand for single-use medical equipment owing to eth
Read more