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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Global Bioplastics and Biopolymers Market
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