Global Bioplastics Market 2016-2020 is the latest addition to Sandlerresearch.org industry research reports collection.
Bioplastic is a biodegradable product, which is derived from the renewable sources. These renewable sources include natural products such as potatoes, vegetable oil, rice, pea starch, tapioca, corn starch, sugar cane, wheat, grains, and cellulose from wood. Currently, there are many types of bioplastics in the global market, which are directly extracted from biomass, processed polymers, bio-based precursors such as PLA, and polymers manufactured by using derivatives of bacteria such as polyhydroxy butyrate and PHA. Bioplastics are different from conventional plastics and are used in the production of tools, bags, furniture, carpets, films, bottles, cups, and other packaging materials. Production of bioplastics reduces CO2 emissions by 31%-71% in comparison with other conventional plastics.
The global bioplastics market is driven by the emergence of renewable resources, biomass, and bio-based raw materials such as starch and vegetable crop derivatives. In 2015, bio-based bioplastics accounted for more than 80% of the global bioplastics market. The use of bioplastics in numerous applications such as packaging and domestic goods has facilitated plastics manufacturers to reduce the overdependence on petroleum-based plastics.
The analysts forecast Global Bioplastics Market to grow at a CAGR of 29.3% during the period 2016-2020.
Covered in this Report
This report covers the present scenario and the growth prospects of the global Bioplastics market for 2016-2020.
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Key regions
• APAC
• Europe
• North America
• ROW
Key vendors
• BASF
• NatureWorks
• Arkema
• Novamont
• Plantic
Other prominent vendors
• DSM
• DuPont
• Evonik Industries
• Ecospan
• Toray Industries
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Market driver
• Changing consumer preference toward eco-friendly packaging
• For a full, detailed list, view our report
Market challenge
• Cost-effectiveness of conventional plastic over bioplastics
• For a full, detailed list, view our report
Market trend
• Consumption of bioplastics in novel applications
• For a full, detailed list, view our report
Key Questions Answered in this Report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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