Polymers are those substances that have a molecular formation containing mainly or completely large number of comparable elements merged together such as synthetic living materials used as plastics and gums. Biopolymers are usually made from the organic compound such as starch and renewable feedstuff. The main application of polymers is in packaging and coating. One of the essential factor responsible for the growth of the market is eco-friendly packaging. Increasing, adoption of biopolymer chemicals and products in the consumer, industrial, healthcare and few more sectors fuels the growth of the market. in the recent years. The major application of biopolymer is in the packaging industry and they have the largest market share of biopolymers.
The global biopolymers market is expected to grow at an alarming rate owing to the rising demand for eco-friendly products in every sector. Growing awareness about the chemicals present in durable and in non-durable products is mainly driving the market of biopolymers. Packaging and food services have the largest segment of biopolymer market. Other factors which are equally responsible for the growth of the global biopolymers market is the rapid rise of pharmaceutical, electronics, consumer goods, and other industries. Moreover, use of different kinds of polymers in agriculture is further expected to increase at an alarming rate over the next eight years.
The global biopolymers market in the report is segmented by product type which includes biodegradable polyesters, polyhydroxyalkanoate (PHA), bio-pe, polylactic acid (PLA) and others. Moreover, on the basis of end-user, the market has been segmented as the consumer goods sector, textile, packaging sector, horticulture, and others. Further down, the biopolymers market has been segmented by the application which includes food industry, pharmaceutical, textile, and others. The global biopolymers market further segmented based on geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America. Among the other regions, North-America is expected to witness the highest market CAGR, followed by Europe, Asia-Pacific, and Rest of the World. Stringent government rules coupled with the presence of the huge number of packaging industries in the United States and Canada, therefore, propels the growth of the North-America biopolymers market.
However, availability of resources is anticipated to hinder the growth of global biopolymers market.
Some of the major players in the global biopolymers market include Aduro Biopolymers, Arkema Inc., Axcelon Biopolymers, Biome Technologies Plc, BASF SE, Plantic Technologies Limited, Novamont S.P.A, Rodenburg Biopolymers, Toray Industries Inc., and Tianjin GreenBio.
Global Bio Polymers Market: By Product Type
Global Bio Polymers Market: By Application
Global Bio Polymers Market: By End-User
Global Bio Polymers Market: By Geography