Latest Advancement in Global Bioplastics Market Forecast 2018-2023

Bioplastics

Global Bioplastics Market Research Report 2018 presents an in-depth assessment of the Bioplastics Market providing quantitative information about the market size, key market segments and manufacturer in terms of revenue, production and growth rate from 2018 to 2023. The Bioplastics Market report also provides qualitative information about the technologies, key trends, market drivers, regulatory landscape, deployment models, opportunities, value chain and market strategies.

The Onerous Demand Of Global Bioplastics Market report enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. A separate section with Bioplastics industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information.Development and Trend Research plays an Important role towards the innovation in any given industry which require to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Bioplastics market growth over the forecast period.

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The global Bioplastics market was estimated at 3,123.24 kilo tons in 2017, and is expected to register an estimated CAGR of 26.03%, during the forecast period (2018 – 2023). One of the major drivers for the increasing demand in this market is the increasing environmental concerns, globally, and governments of the developed and developing nations encouraging environment friendly products.

Shift toward Environment Friendly Products

Due to the increasing environmental regulations and government initiatives of growing awareness, the consumers are increasingly shifting toward bio-based plastics. Increasing number of bans on traditional plastics is one of the major drivers for growth of this market.

Additionally, the fluctuations in oil prices and the change of laws regarding the usage of petroleum-based plastics helped accelerate the demand for ecofriendly bioplastic products.

The processing cost for Bioplastics is comparatively very high than the traditional petroleum-drive plastic, which is hindering its growth. Additionally, the recycling process for Bioplastics is too complex and expensive to maintain.

Non-Biodegradable Plastics Dominates the Market

Bioplastics are segmented into biodegradable plastics (bio-based and fossil-based) and non-biodegradable plastics (bio-based). Currently, non-biodegradable plastics (bio-based) account for around 72% of bioplastic market. Bio-based, non-biodegradable plastics, including the drop-in solutions, such as, bio-based PE (polyethylene), bio-based PET (polyethylene terephthalate), and bio-based PA (polyamides), currently make up for around 56% of the global bioplastics production capacities. The production of bio-based PE is predicted to continue to grow, as new capacities are planned in Europe, during the forecast period. Bio-based PE is used in packaging applications, such as, carry bags, plastic films, and bottles. Volatile prices, coupled with the limited availability of crude oil, are expected to force polymer manufacturers to develop bio-based alternatives, including bio-based PE. In addition, the renewable nature of bio-based PE makes it an eco-friendly substitute to its chemical counterparts, which is further expected to boost the demand for the bio-based market

The Asia-Pacific Region has the Highest Production

Globally, the production of Bioplastics is the highest in Asia-Pacific, due to the increasing investments made by major market players, along with a large amount of feedstock. The growing packaging industry, both rigid and flexible packaging, in Asia-Pacific, which also accounts for more than 80% of bioplastic market in Asia-pacific, is the reason for higher production. The bioplastic market for Asia-Pacific was estimated at 489.36 kilo tons 2017, due to the growing demands from countries, like China, India, South Korea, and Japan.

Notable Developments in the Market

February 2018: Growing opportunity for startups in the global bioplastics sales industry.

The major players include – BRASKEM, NATUREWORKS (CARGILL), NOVAMONT, BASF, CORBION, PSM, DUPONT, and ARKEMA, amongst others.

Reasons to Purchase the Report

To understand the impact of end-user applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating technology in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs

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Bioplastics Market Forecast 2018-2023

The Bioplastics industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Bioplastics production, supply, sales and market status.

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Price of Bioplastics Market Report (single User Licence): $ 4250

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

 

 

 

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