The global biopolymers market is expected to reach $8.5 billion by the year 2025. The market is growing at a CAGR of 14.3% during the forecast period 2018-2025 as per new market research report titled Global Biopolymers Market(By product type – biodegradable polyesters, polyhydroxy alkenoate, polylactic acid, others. By application- food industry, textile industry, pharmaceutical and others. By end-user industry- consumer goods sector, horticulture, packaging and others). Global industry analysis, size, share, growth, trends, and forecast, 2017 – 2025, by Sheer Analytics & Insights Pvt. Ltd.
Biopolymers are generally made from the organic compounds like renewable foodstuff and starch. Being the most important raw material for most of the end-user industries, such as coating and packaging it is considered to be very useful. Adoption of biopolymer products and chemicals in the consumer, healthcare and other industrial sectors is boosting the growth of the biopolymers market. Also, biopolymers are generally preferred because of its eco-friendly nature. In the recent years, the extensive application of the biopolymers could be seen in the packaging industry. The packaging industry holds the largest market share of the biopolymers. With the rise in the usage of the eco-friendly products, the global biopolymers market is driving its growth. Apart from major end-user industries, the biopolymers are also used extensively in the agricultural sector.
Geographically, the global biopolymers market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.Amongst all these regions, the North American region is expected to witness the highest CAGR, subsequently followed by European and the Asia Pacific region and Rest of The World.
In the very recent market research report published by Sheer Analytics and Insights Pvt. Ltd., the global biopolymers market is segmented by product type, application, end use and region. Based on its product type, the global biopolymers marketis divided into biodegradable polyesters, polyhydroxy alkenoate, polylactic acid, others. On the basis of itsapplication, we can see the division as the food industry, textile industry, pharmaceutical and others. Lastly, based on its end-user industry, the global biopolymers marketis segmented as consumer goods sector, horticulture, packaging,and others.
Recently, Biom’up, a French company which is known for developing collagen-based medical devices for the purpose of biosurgery, has recently announced its first sale of HEMOBLAST Bellows in the U.S. The HEMOBLAST Bellows is a kind of handheld device that is used for achieving haemostasis during the surgical procedures. It consists of a sterile, dry powder that is made of highly purified porcine collagen, thrombin and chondroitin sulphate. Biom’up has successfully conducted the clinical trial on 412 patients who are the patients of orthopedic, abdominal and cardiothoracic surgeries. The HEMOBLAST Bellows are completely based on the patented biopolymers which aim to simplify the complex surgical procedures.
Etienne Binant, Chief Executive Officer, commented: “The initial expressions of demand for HEMOBLAST Bellows are very encouraging and I congratulate the local sales and marketing teams led by David Clark and Steve Ford for their significant efforts in setting up our sales infrastructure in the United States. With a complete supply chain in place, we are now in an excellent position to meet this demand. Our company is fully focused on this challenge.”
The key industry players in the global biopolymers market include prominent companies likeAduro Biopolymers, Axcelon Biopolymers, Arkema Inc., Biome Technologies Plc, Plantic Technologies Limited, BASF SE, Novamont S.P.A, Toray Industries Inc., Rodenburg Biopolymers, Tianjin GreenBio and others.
Global BioPolymers Market: By Product Type
Global BioPolymers Market: By Application
Global BioPolymers Market: By End-User
Global BioPolymers Market: By Geography
The Middle East and Africa
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