The global bioplastics market is projected to be worth USD 25.27 Billion by 2027, according to a current analysis by Emergen Research. The bioplastics market is experiencing rapid growth attributed to its increasing demand in end-use applications, such as packaging, textile, automotive & transportation, consumer goods, agriculture, and building & construction. Besides, supportive government initiatives and offering subsidies to promote the growth of bioplastics are driving the market’s growth. In 2018, the Japanese Ministry of Environment made an announcement for the inclusion of USD 45.0 million/JPY 5.0 Billion in the FY2019 budget for developing products manufactured from bio-plastics and provide subsidies to firms that make paper substitutes to plastic.
The market intelligence report on the bioplastics market forecasts its growth during the years 2020 to 2027. It examines the market size, share, demand, trends, gross revenue, total earnings and net value after a historical analysis of the data collected from the years 2020 to 2027 while taking 2018 as the base year. The study focuses on the driving factors, restrains and hurdles for the growth of the market. The researcher gives market insights relating to the upcoming areas in the business and the impact of technological innovations on the growth of the market.
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Top Companies Operating in the Bioplastics Market and Profiled in the Report are:
BASF SE, NatureWorks, Biome Plastics, Braskem, Biotec, Total Corbion, Plantic Technologies, Mitsubishi Chemical Holdings Corporation, Novamont SPA, and Toray Industries, among others.
Objectives of the Report:
- Study of the global Bioplastics market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
- Industrial structure analysis of the Bioplastics market by identification of various sub-segments
- Extensive analysis of key market players along with their SWOT analysis
- Competitive landscape benchmarking
- Analysis of Bioplastics market based on growth trends, futuristic outlook, and contribution to the total growth of the market
- Analysis of drivers, constraints, opportunities, challenges, and risks in the global Bioplastics market
- Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Emergen Research has segmented the global bioplastics market on the basis of type, distribution channel, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Biodegradable
- Polybutylene Adipate Terephthalate (PBAT)
- Polybutylene Succinate (PBS)
- Polylactic Acid (PLA)
- Polyhydroxyalkanoate (PHA)
- Starch Blends
- Others
-
- Non-Biodegradable
- Polyethylene (PE)
- Polyamide (PA)
- Polyethylene Terephthalate (PET)
- Polytrimethylene Terephthalate (PTT)
- Polypropylene (PP)
- Others
- Non-Biodegradable
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline
Application Outlook (Revenue, USD Billion; 2017-2027)
- Packaging
- Textile
- Automotive & Transportation
- Consumer Goods
- Agriculture
- Building & Construction
- Others
In market segmentation by geographical regions, the report has analysed the following regions-
North America
Europe
Asia-Pacific
Middle East and Africa
Latin America
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