Global bioplastics & biopolymers market size is projected to grow from USD 10.7 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 22.7% between 2021 and 2026. Bioplastics are plastics derived from renewable sources such as corn, potatoes, rice, soy, sugarcane, wheat, and vegetable oil, while biopolymers are naturally occurring polymers. A bioplastic may or may not be biodegradable. Bioplastics are mainly segmented into biodegradable and non-biodegradable plastics for various applications in the packaging, consumer goods, automotive & transportation, agriculture & horticulture, medical, and other end-use industries.
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Packaging is the largest end-use industry for the application of bioplastics & biopolymers. They accounted for the share of 61.6%, in 2020, for the global bioplastics & biopolymers market. Increasing environmental regulations and changes in the lifestyle of consumers have increased the demand for bioplastics & biopolymers in the packaging industry. Plastics have high durability and impermeability to water, which has encouraged their use in packaging. Packaging applications of bioplastics & biopolymers include food packaging, healthcare packaging, cosmetic & personal care packaging, shopping bags, and others.
High potential in emerging countries of APAC
The bioplastics & biopolymers market players are continuously implementing organic and inorganic strategies for their growth. In recent years, the players have made many strategic developments in the emerging countries of APAC. For instance, in 2019, Total Corbion set up a PLA Plant in Rayong, Thailand, with a production capacity of 75,000 tons per year. In the same year, Mitsubishi Chemical Holding Corporation (Japan) and Lenovo Group Limited (China) entered into a joint venture to produce a bioplastic-based body (3D shape rear panel) for smartphones. In addition, Indonesia is exploring bioplastic alternatives, such as seaweed. Evoware, a local player, provides patented seaweed-based packaging. The company is producing containers made from seaweed. The regulations related to the environment are expected to increase, which would eventually propel the demand for bioplastics in these countries in the future. Moreover, Southeast Asia is rich in bio-based feedstock required to produce bioplastic as it has local access to sustainable raw materials. Thus, regulations, coupled with the easy availability of feedstock, will, in turn, help sustain the demand for bioplastics during the forecast period.
The key players in this market are NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia).
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Biopolymers/Bioplastics market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Biopolymers/Bioplastics market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Biopolymers/Bioplastics market is segmented into:Bio-polyethylene terephthalate (bio-PET)Polyhydroxyalkanoates (PHA)Bio-polyethylene (bio-PE)Starch BlendsPolylactic acid (PLA)Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/59375/global-china-biopolymersbioplastics-2026-155Segment by Application, the Biopolymers/Bioplastics market is segmented into:Packing IndustryAutomotive IndustryBottles manufacturingOthersRegional and Country-level Analysis:The Biopolymers/Bioplastics market is analysed and market size information is provided by regions (countries).The key regions covered in the Biopolymers/Bioplastics market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Biopolymers/Bioplastics Market Share Analysis:Biopolymers/Bioplastics market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
The Bioplastics & Biopolymers Market report has been created carefully to give the latest insights to significant aspects of the Market.
It offers a review of the market including its definition, key drivers, key market players and key fragments.
The report covers market information including chronicled and future trends for supply, advertise size, costs, trading, competition and worth chain just as Southeast Asia significant vendor’s data.
Ask for a Sample Market Research Report of Global Bioplastics & Biopolymers Market @ https://www.qyreports.com/request-sample/?report-id=121239 The report covers data on geographic area showcases together with recorded and future trends for giving, market size, costs, trading, competition and worth chain just as Bioplastics & Biopolymers major vendor’s data.
At long last, a customization report in order to fulfill the client's needs is additionally offered.The Major Key Players covered in the Bioplastics & Biopolymers Market areBASFBraskemMetabolixMeredianPlanticCorbionNovamontNatureworksBiome TechnologiesIndorama Ventures Public Company LimitedProduct Type Coverage (Market Size & Forecast, Major Company of Product Type etc.
)Asia-Pacific (China, India, Japan, Southeast Asia etc.
