According to study, “Global Bioplastic &
Biopolymers Market Size study, by Type (Regenerated Cellulose, Bio-Polyethylene,
Starch Blends, Bio-Polyethylene Terephthalate, Biodegradable Polyester,
Polyhydroxyalkanoates, Polylactic Acid), by Application (Agriculture, Consumer
Products, Packaging, Automotive, Bottles, Others) and Regional Forecasts
2018-2025” the major companies that are
currently working in the global bio-plastic & biopolymers market are Braskem
S.A., Nature Works LLC, Total Carbion PLA, BASF SE, Toray Industries, Down2Earth
Materials., Green Packaging, PreScouter, BioBag Americas Inc., Novamont SPA,
Bio-on SPA, Eastman Chemical Company, Biome plastics Technologies Plc., KURARAY,
Indorama Ventures Public Company Limited, Plantic Technologies, Mitsubishi
Chemical Corporation, Tianan Biologic Materials, CJ Cheildang (Yeild10
biosciences), Metabolix Holdings, Zhejiang Hisun Biomaterials, Synbra
Technology, Succinity, Arkema, Perstorp, Cargill, Celanese Corporation, Innovia
Films, SECOS Group Ltd. (Cardia Bioplastics), Futamura, FKURKunststoff GmbH, Danimer
Scientific, Cedar Grove Composting, Inc., Eco-gecko Products Inc, Chamness
Biodegradables, Ultra Green Sustainable Packaging, Eco-Products, Inc., ECOWORLD.
Bio-plastic are plastics are the
consequent manufactured from renewable biomass sourced from vegetable fats and oil,
straw, corn starch, food waste and so on. It can also be prepared
from the agricultural product, used plastic bottles and another container with the
microorganism. Biopolymers are the polymers produced by the use of living
organism. Bio-plastics and biopolymers are used in the casings, touch screen
computer casings, vacuum cleaners, circuit boards, loudspeakers, mobile
casings, computer accessories such as keyboard, and mouse and many others. Some
of the major benefits associated with the use of bio-plastics& biopolymers include
much lower carbon footprint, reduction in litter, not using scarce crude oil, lower
energy cost in manufacturing and improved compos-ability from using biodegradable
bio-plastics & biopolymers and others.
Based on the material type, the
bio-plastic & biopolymers market is segmented into biodegradable plastic
and non-biodegradable plastic. Biodegradable plastic includes regenerated cellulose,
starch blends, polylactic acid (PLA), polyesters and polyhydroxyalkanoates
(PHA).Polyesters are defined as polybutyleneadipate terephthalate (PBAT) & polybutylene
succinate (PBS). Non-biodegradable plastic includes polyethylene terephthalate
(PET), polyurethane, epoxies and others (polyethylene (PE), polyamide (PA), polytrimethylene
terephthalate (PTT) and ethylene propylene diene monomer rubber (EPDM). Based
on the application, the market is categorized into agriculture&
horticulture, building & construction, electronics, packaging, consumer products
or goods, textile, packaging (flexible packaging & rigid packaging), automotive&
transportation and bottles etc.
The bio-plastic & biopolymer
is driven by increase in investment on agricultural industry. Some of the other
driving aspects include superior focus on bio-based content over
biodegradability, increase in concerns for the human health and the new concept
of smart cities & smart buildings. Some of the major challenges impacting
the market include fluctuating oil prices, limited regulations of the use of bio-plastics
in developing countries, segregation and processing of bio-plastics and high
prices of bio-plastics etc. The high potential in Southeast Asian countries,
followed by developed phase of new applications adding to major growth opportunity
to the market.
The European region holds the
major share due to increase in consumption of bio-plastics based products. The Bio-PET
market is anticipated to register a substantial growth due to use of wide usage
range from industries such as packaging & bottling. It further estimated
that the use of global bio-plastic & biopolymer market to reach at US $7.2
billion, by 2025.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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