Bioplastics & Biopolymers Market to Grow 12.0% CAGR 2021 Dominate by Bio-PET
The bioplastics & biopolymers market forecast shows a CAGR of 12.0% from 2016 to reach a market size of US$ 5.08 billion by 2021 driven by fluctuations in the prices of petroleum and compelling the manufacturers to reduce the carbon content in their products.
Pune, India – June 30, 2016 /MarketersMedia/ —
Packaging industries use bioplastics & biopolymers on a large scale. The demand for eco-friendly packaging made from bio-based polymers is growing at a high rate. This is due to products such as PLA, PHA, and starch-based polymers finding increased applications due to their biodegradable nature enabling them to decompose rapidly. The major factor driving the use of bioplastics & biopolymers is the demand from end-use industries, especially the packaging and bottling industries.
Complete report on bioplastics & biopolymers market spread across 234 pages, profiling 12 major companies and supported with 147 tables and 64 figures is now available at http://www.rnrmarketresearch.com/biopolymersbioplastics-market-by-type-bio-pet-bio-pe-pla-pha-bio-pbs-starch-blends-and-regenerated-cellulose-by-application-packaging-bottles-fibers-agriculture-automotive-and-others-market-report.html .
Bio-PET is a widely used material for packaging and bottle application. Bio-PET is a recyclable product and exhibits same properties as petroleum-based PET with an advantage of being environmental friendly. Bio-PET is projected to account for the largest share in the market during the forecast period.
The bioplastics & biopolymers market in Europe is well-established and the region has a vast distribution network of bioplastics & biopolymers. Germany and Italy are projected to drive the market in the region owing to the stringent environmental regulations. Russia is projected to witness the highest CAGR in the European market during the forecast period.
The report provides the company profiles and competitive strategies adopted by the major market players such as BASF SE (Germany), Braskem S.A. (Brazil), Corbion NV (Netherlands), and others. Ask for the discount before order a copy of Bioplastics & Biopolymers Market by Type (Bio-PE, Bio-PET, PLA, Starch Blends, Biodegradable polyesters, Regenerated Cellulose and PHA), Application (Packaging, Bottles, Agriculture), and by Region – Trends & Forecast to 2021 research report http://www.rnrmarketresearch.com/contacts/discount?rname=160193 .
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (47%), Tier 2 (33%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C Level (33%), Director Level (40%) and others (27%) from various key organizations operating in the global 3D scanner market. The primary interviews were conducted worldwide covering regions such as North America (25%), Europe (37%), Asia-Pacific (19%), Central & South America (13%) and the Middle and Africa (6%).
On a related note, another research on Renewable Chemicals Market Global Trends & Forecast to 2020 says, the market for renewable chemicals is in its infancy and is projected to witness dynamic growth at a CAGR of over 10.0% between 2015 and 2020. For this report, various secondary sources, such as directories, technical handbooks, company annual reports, industry association publications, chemical magazine articles, trade websites, and databases have been referred to identify and collect information useful for this extensive commercial study of the renewable chemicals market.
Companies like BioAmber (Canada), Myriant Corporation (U.S.), Metabolix Inc. (U.S.), BASF SE (Germany), Mitsubishi Chemical Corporation (Japan), Braskem (Brazil), Corbion N.V. (The Netherlands), NatureWorks LLC (U.S.), BioMCN (The Netherlands) have been profiled in this 170 research report available at http://www.reportsnreports.com/reports/256090-renewable-chemicals-market-alcohols-ethanol-methanol-biopolymers-starch-pla-pha-polyethylene-others-platform-chemicals-others-global-trends-forecasts-to-2018.html .
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