Global Market Size of Biopolymers Industry Estimated to Surpass USD 12.1 Billion by 2026: Facts & Factors

July 21 21:20 2021
Global Market Size of Biopolymers Industry Estimated to Surpass USD 12.1 Billion by 2026: Facts & Factors
[179+ Pages Report] According to Facts and Factors Market Research, the global biopolymers market in 2019 was approximately USD 5.4 Billion. The market is expected to grow at a CAGR of 11.2% and is anticipated to reach around USD 12.1 Billion by 2026.

According to Facts and Factors Market Research, the global biopolymers market in 2019 was approximately USD 5.4 Billion. The market is expected to grow at a CAGR of 11.2% and is anticipated to reach around USD 12.1 Billion by 2026.

Biopolymers are a type of polymers produced from natural sources either biosynthesized by living organisms or chemically synthesized from biological material. They are naturally derived from plant proteins and starch that can easily be decomposed within the environment. There is no standard biodegradation process for biopolymers and action of micro-organisms, moisture and heat can biodegrade them. Biopolymers are made from biomass. Biopolymers can be renewable, carbon-neutral, and they can always be recycled because they are made from plant materials that can be grown for ever. In comparison, the feedstocks for petrochemicals-derived polymers will gradually deplete. Advanced properties such as moisture resistance, easy distribution and long shelf life of biopolymers allow them to substitute better than traditional plastic materials.

Request Free Sample Copy of Research Report @ https://www.fnfresearch.com/sample/biopolymers-market-by-product-type-bio-pet-bio

Top Market Players

  • Plantic
  •  BASF
  •  DuPont
  •  Durect Corp.
  •  BiotecGmbh
  •  Novamont
  •  Arkema

 

Increasing awareness of the harmful effects of food packaging and the demand for environmentally-friendly packaging materials among the population of developing countries supports the growth of the global biopolymer industry. The demand for biopolymers is also driven by strict government rules for the use of traditional plastics and packaging materials. In addition, fluctuations in petroleum prices and their declining sources contribute to a change to biopolymers because the primary materials used in biopolymer production are regenerative. The economic efficiency of conventional plastics over biopolymers is, however, the major barrier to growth in the world biopolymer industry. One of the major challenges for new entrants is the huge investment in R&D for the production of biopolymers. The growth of the global biopolymer market is driven by the poor mechanical characteristics needed by the plastics industry.

The global biopolymer market is divided into segments based on product type, application, and end-user. The packaging industry has a noteworthy application of biopolymers. Bio-PET is a natural polyester resin used in the manufacturing of various items, including bottles, packaged goods, car interiors, building materials, and electronics. Biopolymers are made from biomass. Biomass consists essentially of non-food plants such as sugar beet, potatoes, and wheat for polylactic acid processing. The widespread use of biopolymer for controlled drug release and wound handling in medical sectors would help businesses to increase the penetration of medical products.

Request Customized Copy of Report @ https://www.fnfresearch.com/customization/biopolymers-market-by-product-type-bio-pet-bio

(We customize your report according to your research need. Ask our sales team for report customization.)

Increasing awareness of the harmful effects of food packaging and the demand for environmentally-friendly packaging materials among the population of developing countries supports the growth of the global biopolymer industry. The demand for biopolymers is also driven by strict government rules for the use of traditional plastics and packaging materials. In addition, fluctuations in petroleum prices and their declining sources contribute to a change to biopolymers because the primary materials used in biopolymer production are regenerative. The economic efficiency of conventional plastics over biopolymers is, however, the major barrier to growth in the world biopolymer industry. One of the major challenges for new entrants is the huge investment in R&D for the production of biopolymers. The growth of the global biopolymer market is driven by the poor mechanical characteristics needed by the plastics industry.

The biopolymers market research report delivers an acute valuation and taxonomy of the biopolymers industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Enquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/biopolymers-market-by-product-type-bio-pet-bio

(You may enquire a report quote OR available discount offers to our sales team before purchase.)

Europe was the leading consumer of biopolymer products followed by North America in 2018. Laws and regulations in Western Europe are very effective and hence provide favorable market conditions for the biopolymers market. Bioeconomy Strategy, Horizon 2020 and Europe 2020 are some of the initiatives adopted by the European nations to enhance the bioplastic market. Rapid industrialization in Asia-pacific and hence the growing pressure to switch to eco-friendly alternatives will boost the Asia-Pacific market. Developing countries are under constant global pressure to reduce pollution and implement policies the promote green alternatives.

Browse detail report with in-depth TOC @ https://www.fnfresearch.com/biopolymers-market-by-product-type-bio-pet-bio

This report segments the global biopolymers market as follows:

Global Biopolymers Market: By Product Type Segmentation Analysis

  • Bio-PET
  • Bio-PE
  • Polylactic acid
  • Biodegradable polyesters
  • Others

 

Global Biopolymers Market: By Application Segmentation Analysis

  • Packaging
  • Fibers
  • Cosmetics
  • Agriculture seed coatings
  • Automotive interior parts
  • Others (medical implants)

 

Global Biopolymers Market: By End-User Segmentation Analysis

  • Food and Beverages
  • Automotive Industry
  • Healthcare
  • Agriculture
  • Chemicals industry
  • Semiconductor & Electronics

 

Key Recommendations from Analysts

  • As per our analysts, stringent government regulations for the usage of conventional plastics and packaging materials is anticipated to boost the biopolymer market
  • In the biopolymers market, North America is anticipated to have the second largest market share in terms of revenue
  • Europe 2020, Horizon 2020, Bioeconomy Strategy are some of the legal frameworks for the success of the bioplastic industry in Europe
  • Huge research & development investment requirement for the development of biopolymers is one of the major challenges for the new entrants
  • Cost-effectiveness of conventional plastics over biopolymers is the major factor hindering the growth of the global biopolymer market

 

About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Media Contact
Company Name: Facts & Factors (FnF Research)
Contact Person: Sanu Thomas
Email: Send Email
Phone: +1 (347) 690-0211
Address:A 2108, Sargam, Nanded City, Sinhagad Road
City: Pune
Country: India
Website: https://www.fnfresearch.com/biopolymers-market-by-product-type-bio-pet-bio


Warning: count(): Parameter must be an array or an object that implements Countable in /home/ghaziabadonline/dispurnewsflash.com/wp-content/themes/gadgetine-theme/includes/single/post-tags-categories.php on line 7