Los Angeles, CA -- (SBWire) -- 04/13/2019 --Biopolymers/bioplastics is a material for which at least a portion of polymer consists of material produced from biomaterials. It represent a new generation of plastics that reduces the impact on the environment, both in terms of energy consumption and the amount of greenhouse gas emissions.
Currently, Braskem, NatureWorks, Novamont and BASF are major manufacturers of this industry. Braskem is a global leader. In 2017, the production of Braskem was 172.2 K MT, and the company holds a share of 14.76%. In Europe and the United States, NatureWorks, Novamont and BASF are the market leader. PSM, Kingfa, Zhejiang Hisun Biomaterials and Mitsubishiare leaders in the Asia Pacific market.
Bioplastics is mainly used for packing industry and bottles manufacturing. Packing industry are the most important application. In 2017, packing application holds 65.96% of the consumption market share.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area. In the future, the market in developed countries will have some growth and the market in developing countries will have a faster growth rate.
The global Bioplastics market was 2960 million US$ in 2018 and is expected to 4680 million US$ by the end of 2025, growing at a CAGR of 5.9% between 2019 and 2025.
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This report studies the Bioplastics market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Bioplastics in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Braskem
NatureWorks
Novamont
BASF
Corbion
PSM
DuPont
Arkema
Kingfa
FKuR
Biomer
Zhejiang Hisun Biomaterials
PolyOne
Grabio
Danimer Scientific
Myriant
Mitsubishi
Biome Bioplastics
By the product type, the market is primarily split into
Bio-PET
Bio-PE
Starch Blends
PLA
PHA
Others
By the end users/application, this report covers the following segments
Packing Industry
Automotive Industry
Bottles Manufacturing
Others
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Bioplastics Market Growing at 5.9% CAGR Will Hit 4680 Million US$ in 2025