Wednesday, 2 May 2018

Bioplastics and Biopolymers Market - Trends, Drivers, and Challenges

Following companies as the key players in the global bioplastics and biopolymers market: Arkema, BASF, Braskem, KURARAY, natureworks, Novamont
The latest trend gaining momentum in the market is Focus on sustainable production. Although most manufacturers are welcoming sustainable production, smaller manufacturers are finding it hard to keep up with the intense competition. With an increase in the focus on sustainability and emergence of favorable government regulations for green procurement, the global biodegradable polymers market will experience significant growth in the consumer goods and packaging sectors.
According to the report, one of the major drivers for this market is Emergence of bio-based and renewable raw materials. The global biopolymers market is expected to garner benefits from the use of biobased raw materials including starch and vegetable crop derivatives. The dependence on petroleum-based plastics is slowly reducing with the increased use of bioplastics in numerous applications such as packaging and domestic goods.
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Further, the report states that one of the major factors hindering the growth of this market is Lack of awareness on biopolymer labeling. The ASTM D6400 standard specification is one of the compostability standards aiding labeling. However, there is still a lack of formal communication between composters and brand owners, who dictate the product labeling of biodegradable products. Groups such as the Biodegradable Products Institute, SPI Bioplastics Council, Sustainable Packaging Coalition, and Sustainable Plastics Initiative are trying to bridge gaps between the stakeholders in the market, namely the composters and brand owners
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Bioplastics and Biopolymers
Bioplastics and biopolymers are derived bio-based resources. In addition to reducing the energy consumption during production, they reduce the emission of carbon-dioxide gas on degradation. Bioplastics and biopolymers are on par with pharmaceutical-based polymers and plastics in terms of functionality.
Analysts forecast the global bioplastics and biopolymers market to grow at a CAGR of 12.59% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global bioplastics and biopolymers market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of bioplastics and biopolymers.
The market is divided into the following segments based on geography:
·         Americas
·         APAC
·         EMEA
Global Bioplastics and Biopolymers Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
·         Arkema
·         BASF
·         Braskem
·         KURARAY
·         NatureWorks
·         Novamont
Market driver
·         Emergence of bio-based and renewable raw materials
·         For a full, detailed list, view our report
Market challenge
·         Lack of awareness on biopolymer labeling
·         For a full, detailed list, view our report
Market trend
·         Focus on sustainable production
·         For a full, detailed list, view our report
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