Bioplastics Market Size, Share, Industry Growth, Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2027

Bioplastics Market

The global bioplastics market is projected to be worth USD 25.27 Billion by 2027, according to a current analysis by Emergen Research. The bioplastics market is experiencing rapid growth attributed to its increasing demand in end-use applications, such as packaging, textile, automotive & transportation, consumer goods, agriculture, and building & construction. Besides, supportive government initiatives and offering subsidies to promote the growth of bioplastics are driving the market’s growth. In 2018, the Japanese Ministry of Environment made an announcement for the inclusion of USD 45.0 million/JPY 5.0 Billion in the FY2019 budget for developing products manufactured from bio-plastics and provide subsidies to firms that make paper substitutes to plastic.

The latest study unravels the unfavorable impacts of the COVID-19 pandemic on the global Bioplastics business sector. According to our expert team, the corona virus outbreak has had an overwhelming impact on the global economic landscape, and consequently, on this business vertical. The pandemic is expected to contribute to the potential downturn of the Bioplastics industry substantially. Reportedly, this sector has been financially beleaguered since the COVID-19 lockdown restrictions were put into effect. Hence, the report highlights the financial obstacles that have slowed numerous businesses’ progress in this sector and disrupted the global supply chains.

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Competitive Overview:

The global Bioplastics market report closely studies the functioning mechanisms of the key companies participating in the global market. These companies are said to be following a slew of business expansion strategies to reinforce their financial positions in this market. As per the report, these companies account for a major portion of the overall Bioplastics market share. Therefore, this section of the report emphasizes the principal strategic initiatives led by these companies, including mergers & acquisitions, joint ventures, new business deals, new product launches, collaborations, technological upgradation, and several others.

BASF SE, NatureWorks, Biome Plastics, Braskem, Biotec, Total Corbion, Plantic Technologies, Mitsubishi Chemical Holdings Corporation, Novamont SPA, and Toray Industries, among others

Bioplastics Market Segmentation:

Emergen Research has segmented the global bioplastics market on the basis of type, distribution channel, application, and region:

• Type Outlook (Revenue, USD Billion; 2017-2027)
  • Biodegradable
    1. Polybutylene Adipate Terephthalate (PBAT)
    2. Polybutylene Succinate (PBS)
    3. Polylactic Acid (PLA)
    4. Polyhydroxyalkanoate (PHA)
    5. Starch Blends
    6. Others

• • Non-Biodegradable
    1. Polyethylene (PE)
    2. Polyamide (PA)
    3. Polyethylene Terephthalate (PET)
    4. Polytrimethylene Terephthalate (PTT)
    5. Polypropylene (PP)
    6. Others

• Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
  • Online
  • Offline

• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Packaging
  • Textile
  • Automotive & Transportation
  • Consumer Goods
  • Agriculture
  • Building & Construction
  • Others

Geographical Terrain of the Bioplastics Market:

1. North America (the U.S., Canada, and Mexico)
2. Europe (the U.K, Germany, France, Russia, and Italy)
3. Asia Pacific (China, Japan, Korea, India, and Southeast Asia)
4. Latin America (Brazil, Argentina, Colombia, etc.)
5. Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Key highlights of the report:

• The latest report performs an in-depth study of the potential opportunities and risks associated with the global Bioplastics market, alongside studying the recent innovations and major events.
• The report underlines the niche segments/regions that exhibit potential growth over the forecast timeframe.
• The report analyzes numerous business expansion strategies adopted by the contending companies in this market.
• A detailed synopsis of the market includes the rapidly changing market dynamics and accurate prediction of the current, historical, and forecast market sizes in terms of volume and value.

Table of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Bioplastics Market Segmentation & Impact Analysis
    4.1. Bioplastics Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increasing demand for bioplastics in the packaging sector
                    4.2.2.2. Growing awareness about eco-safety
                    4.2.2.3. Surging demand for bioplastics in additive manufacturing
                    4.2.2.4. Growing emphasis on sustainability
                    4.2.2.5. Supportive government initiatives and regulations
          4.2.3. Market restraints analysis
                    4.2.3.1. Cost-prohibitive than conventional plastic
                    4.2.3.2. Availability of substitutes
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

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