Global Bioplastics Technologies Market Overview :
Global Bioplastics Technologies market is estimated to reach $3.9 Million Metric Tons by 2025; growing at a CAGR of 11.8% till 2025. Bioplastics are produced from sources such as vegetable oil and starch rather than fossil fuel-based plastics. Mainly, bioplastics are used for disposable items such as packaging and organic waste bags. Moreover, for non-disposable applications, it is used for carpet fibers, mobile phone casings, and car interiors. The main goal of bioplastics is not biodegradability but to generate items from sustainable resources.
Global Bioplastics Technologies Market: Growth Factors
The growth in bioplastics technologies market is due to rising attentiveness towards less use of petroleum because of its contribution to climate change. Moreover, owing to its volatile pricing, and insufficient petrochemical resources are the factors driving the market growth. However, relatively lesser performance standards than synthetic plastics and high production cost are the factors that might restrain the growth of the market.
Global Bioplastics Technologies Market: Segmentation
The global bioplastics technologies market is mainly classified based on the type of resin, application, and geography. Based on the type of resin, the market is categorized into polylactic acid, thermoplastic starch, biopolyamides, polyhydroxyalkanoates, bio polyols, cellulosics, biopolytrimethylene terephthalate, biopolyethylene, biopolyethylene terephthalate, and polybutylene succinate. On the basis of application, the market is divided into packaging, automotive, electrical/electronic, medical, and building & construction.
Global Bioplastics Technologies Market: Regional Analysis
Based on geography, the global oilfield biocide market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa
Global Bioplastics Technologies Market: Competitive Players
Key players operating in the market include Arkema S.A., BASF SE, Dow Plastics and Chemicals Holding BV, Huhtamäki Oyj, Myriant Corporation, Plantic Technologies Ltd., Simba Technology and ZeaChem Inc.
Bioplastics technologies Market Key Segments:
By Type of Resin
- Polylactic acid
- Thermoplastic starch
- Biopolytrimethylene terephthalate
- Biopolyethylene terephthalate
- Polybutylene succinate
- Building & Construction
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- Arkema S.A.
- BASF SE
- Dow Plastics and Chemicals Holding BV
- Huhtamäki Oyj
- Myriant Corporation
- Plantic Technologies Ltd.
- Synbra Technology
- ZeaChem Inc.
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market