Bioplastics & biopolymers Market and Its Key Opportunities and Challenges

 Breaking News
  • No posts were found

Bioplastics & biopolymers Market and Its Key Opportunities and Challenges

April 22
19:30 2020
Bioplastics & biopolymers Market and Its Key Opportunities and Challenges

Browse 65 market data Tables and 50 Figures spread through 152 Pages and in-depth TOC on “Bioplastics & Biopolymers Market”
Bioplastics & Biopolymers Market by Type (Non-Biodegradable/Bio-Based, Biodegradable), End-Use Industry (Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture), Region

The global bioplastics & biopolymers market is expected to witness high growth during the forecast period owing to the increasing usage of bioplastics in packaging end-use industry pollution around the globe. Bioplastics & biopolymers are very important among various end-use industries such as packaging, consumer goods, automotive & transportation, textiles, agriculture, and others. MarketsandMarkets projects the global bioplastics & biopolymers market size to grow from USD 10.5 billion in 2020 and USD 27.9 billion by 2025, at a CAGR of 21.7% during the forecast period.

Downoad PDF Brochure to know More:

The non-biodegradable/bio-based bioplastics & biopolymers segment accounts for the larger share of the overall market. The non-biodegradable/bio-based bioplastics & biopolymers types do not largely differ from their conventional plastic. The key applications of non-biodegradable/bio-based and biodegradable bioplastics & biopolymers are in food packaging, disposable cutlery, bags, fibers, and agricultural applications. Non-biodegradable/bio-based bioplastics such as bio-PE and bio-PET are identical to fossil-based and are used in food packaging.

Packaging is the largest end-use industry of bioplastics & biopolymers. The need for sustainable solutions has encompassed several industry verticals, including food & beverages, e-commerce, and FMCG. The unique properties of packaging are enabling its use in various food and non-food applications such as cigarettes, biscuits, sugar confectioneries, baked goods, noodles, and other snacks. In addition, the rise in e-commerce has played an intense focus on increased packaging requirements.

Europe is the largest consumer of bioplastics & biopolymers and the second-largest producer of bioplastics globally. Packaging industry is the largest end-use industry of bioplastics & biopolymers in Europe. According to Plastics Europe 2018, the total demand for plastics in the packaging industry was around 20.42 million tons in the region. The political and economic conditions have also driven the market penetration of bioplastics & biopolymers.

Request for Sample Report:


About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Sanjay Gupta
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States

Related Articles