The Global Biopolymers and Bioplastics Market is estimated to reach USD 14.5 Billion in 2024 at a CAGR of 15.7%. Biopolymers and Bioplastics Market is growing at a remarkable pace owing to the soaring need for reducing the use of conventional plastic in order to minimize its negative impact on the environment. This factor is further fueled by the strict regulation imposed by the governments on plastic use. On the contrary, high cost of the biopolymers is likely to act as a roadblock for the market growth.
Biopolymers are the polymers produced from the natural sources which can be used as an substitute to the existing polymers in their respective application. Bioplastics are the plastics obtained from the vegetable fats and oils, corn starch, pea starch or macrobiotic, and other renewable sources. As these polymers are originated from the renewable and natural sources, it degrades at a higher rate than those to the conventional plastics or polymers. Due to its higher degradability, it is extensively used in electronics, building and construction, coatings and adhesives, automotive, and consumer goods sector.
Some key players of the market BASF SE, E. I. du Pont de Nemours and Company, Braskem SA, Indorama Corporation, NatureWorks LLC, Novamont S.p.A., Corbion N.V., Arkema S.A., Biome Bioplastics Ltd., and Toray Industries among others.
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Global Biopolymers and Bioplastics Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global biopolymers and bioplastics market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks
- On the basis of type, the market is segmented into biobased and biodegradable, fossil-based and biodegradable and bio-based and non- biodegradable.
- On the basis of raw materials, the biopolymers and bioplastics market is segmented intosugarcane, sugarbeet, corn, potato, wheat, castor oil and others.
- On the basis of application type, the market is segmented into electronics, building and construction, coatings and adhesives, automotive, consumer goods, packaging, and others.
- On the basis of regional analysis is covered under five major regions such asNorth America, South America, Europe, Asia-Pacific, and the Middle East and Africa.
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Global Biopolymers and Bioplastics Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Biopolymers and Bioplastics Market, by Type
- Biobased and Biodegradable
- Polylactic Acid
- Starch Blends
- Fossil-based and Biodegradable
- Polybutylene Adipate Terephthalate
- Bio-based and Non- biodegradable
- Bio-polyethylene Terephthalate
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Biopolymers and Bioplastics Market, by Raw Material
- Castor Oil
Biopolymers and Bioplastics Market, by Application
- Building and Construction
- Coatings and Adhesives
- Consumer Goods
Biopolymers and Bioplastics Market, by Region
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
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