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Increasing Demand For Eco-Friendly Packaging From Consumers To Drive Growth Of Global Biopolymers Market

Press release   •   Feb 02, 2017 05:38 EST has announced the addition of a report, titled “Global Biopolymers Market 2017-2021” to its vast repository of market intelligence reports. The extensive research study on the global biopolymers market covers current scenario, key market dynamics, emerging trends, competitive landscape, and growth prospects of the market during the forecast period. The analysts forecast that the global biopolymers market is anticipated to rise at a CAGR of 16.83% during the period 2017-2021. To estimate the market size, the report considers the revenue generated from the sale of biopolymer products.

The research report provides an in-depth analysis of key drivers and market challenges, their impact on the competitive landscape across various regions, and a detailed profile of market players. The emergence of biopolymers is considered a viable step toward attaining sustainable development in polymer production. The analysis offers insights on the major government regulations and their impact on operations of market players across key regions.

The rising demand for cost-effective and eco-friendly packaging materials among consumers is a key factor driving the global biopolymers market. Stringent government regulations on the use of plastics in developing regions are expected to stimulate the demand for biopolymers. The report highlights how growing environmental concerns about the use of bio-based materials across consumers have led manufacturers to focus on sustainable packaging solutions that are recyclable and reusable. Furthermore, the significant use of bio-PET for the manufacturing of PET bottles in end-use industries and the wide use of PLA in various biopolymeric applications are the developments that are expected to boost the growth of the biopolymers market.

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The study provides a detailed segmentation of the market in key geographies and the market drivers shaping up the demand in these regions. An elaborate assessment of the factors contributing towards the market’s growth across these segments is also included in the report. A detailed strategic landscape of these segments across various end-use industries, such as automotive, consumer goods, and food services, is covered in the analysis. The report tracks the current market trends by offering crucial data related to revenue and market size of major players in different geographical regions. Across various geographical regions, Western Europe contributed the highest revenue and is expected to dominate the global biopolymer market through the forecast period. Furthermore, favorable government regulations and substantial subsidies by the government in these countries are anticipated to stir up the market demand.

On account of the presence of several global and regional players, the worldwide biopolymers market is highly fragmented. The research analysis delineates the strategies adopted by the market players to consolidate their shares across various geographical regions. The players holding a major share in the market are keen on acquiring regional and local players to expand their presence across the globe. The study takes a closer look at the major technological innovations and key offerings of vendors, along with the recent product enhancements by manufacturers that will rev up the global demand for biopolymers. The report provides comprehensive insights on the value chain analysis of manufacturers and the impact of key drivers and challenges on their growth prospects.

Key market players extensively profiled in the report include Arkema, BASF, NatureWorks, Novamont, and Plantic.

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