Biopolymers Market
Summary
Polymers play an important role in chemical industry. Polymers are majorly used in plastic and packaging industry. More than 80% of polymers used globally are derivatives or by products of petroleum industry. To overcome negative impacts of conventional polymers, biopolymers were introduced which are bio-degradable in nature. Biopolymers are derived naturally from plant proteins and starch which can be easily decomposed in the environment. As sources of fossil fuels and petroleum are shrinking, demands for biopolymers are increasing as they are produce from the renewable sources. Usage of biopolymers is a vital step to conserve fossil fuels and for sustainable development.
Biopolymers are basically extracted from the biomass for the use in packaging industry. Biomass basically consists of non-food crops like sugar beet, potatoes and wheat to produce poly lactic acid (PLA). Volatility in the prices of crude oil and limited availability of fossil fuel resources boosts the growth of bio polymer market. Government initiatives and mandates to limit the manufacturing of plastic polymer based packaging is one of the major factors which are shifting the packaging industry towards the adoption of biopolymers.
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Market Size and Forecast (2016-2024)
Regardless of being a niche market, the global biopolymers market is expected to witness significant growth over the forecast period. The global biopolymer market accounted for USD 3.2 billion in 2015 and expected to reach USD 9.8 billion by the end of forecast period i.e. 2024. Further the market is anticipated to expand at compound annual growth rate of 11.2% over the forecast period i.e. 2016-2024. Europe is the major consumer of Biopolymer products in global market. Effective laws and regulation in Western Europe, contributes in dominance of Europe in global market throughout the forecast period. Europe 2020, Horizon 2020, Bioeconomy Strategy are some of the legal frameworks for the success of bio plastic industry in Europe. North-America is going to dominate the market followed by Europe region. Asia-pacific region anticipated to witness robust growth due to rapid industrialization and growing global pressure on developing regions to curb the pollution.
Growth Drivers and Challenges:
Rising awareness among the population in developed countries towards the harmful effects of packaging materials of food items and increasing demand of eco-friendly packaging materials propel the growth of global biopolymers market. Stringent government regulations for the usage of conventional plastics and packaging materials also boost the biopolymers market. In Addition, fluctuations in prices of petroleum and its shrinking sources lead the manufacturers to shift towards biopolymers, as the raw materials used in production of biopolymers are renewable. Calcium alginate, chitosan, collagen and gelatin are few examples of biopolymers used in pharmaceutical industry for the purposes such as controlled drug release, artificial skin, dental materials and cosmetics among others. On the basis of aforementioned pharmaceutical products, global biopolymers market is expected to dominate the synthetic polymer market.
Table of Contents
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About Us
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.
Contact Us:
NORAH TRENT
Partner Relations & Marketing Manager
sales@wiseguyreports.com
www.wiseguyreports.com
Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
Summary
Polymers play an important role in chemical industry. Polymers are majorly used in plastic and packaging industry. More than 80% of polymers used globally are derivatives or by products of petroleum industry. To overcome negative impacts of conventional polymers, biopolymers were introduced which are bio-degradable in nature. Biopolymers are derived naturally from plant proteins and starch which can be easily decomposed in the environment. As sources of fossil fuels and petroleum are shrinking, demands for biopolymers are increasing as they are produce from the renewable sources. Usage of biopolymers is a vital step to conserve fossil fuels and for sustainable development.
Biopolymers are basically extracted from the biomass for the use in packaging industry. Biomass basically consists of non-food crops like sugar beet, potatoes and wheat to produce poly lactic acid (PLA). Volatility in the prices of crude oil and limited availability of fossil fuel resources boosts the growth of bio polymer market. Government initiatives and mandates to limit the manufacturing of plastic polymer based packaging is one of the major factors which are shifting the packaging industry towards the adoption of biopolymers.
Click here for sample report @ http://www.wiseguyreports.com/sample-request/2111661-global-biopolymers-market-outlook-2024-global-opportunity-and-demand-analysis-market
Market Size and Forecast (2016-2024)
Regardless of being a niche market, the global biopolymers market is expected to witness significant growth over the forecast period. The global biopolymer market accounted for USD 3.2 billion in 2015 and expected to reach USD 9.8 billion by the end of forecast period i.e. 2024. Further the market is anticipated to expand at compound annual growth rate of 11.2% over the forecast period i.e. 2016-2024. Europe is the major consumer of Biopolymer products in global market. Effective laws and regulation in Western Europe, contributes in dominance of Europe in global market throughout the forecast period. Europe 2020, Horizon 2020, Bioeconomy Strategy are some of the legal frameworks for the success of bio plastic industry in Europe. North-America is going to dominate the market followed by Europe region. Asia-pacific region anticipated to witness robust growth due to rapid industrialization and growing global pressure on developing regions to curb the pollution.
Growth Drivers and Challenges:
Rising awareness among the population in developed countries towards the harmful effects of packaging materials of food items and increasing demand of eco-friendly packaging materials propel the growth of global biopolymers market. Stringent government regulations for the usage of conventional plastics and packaging materials also boost the biopolymers market. In Addition, fluctuations in prices of petroleum and its shrinking sources lead the manufacturers to shift towards biopolymers, as the raw materials used in production of biopolymers are renewable. Calcium alginate, chitosan, collagen and gelatin are few examples of biopolymers used in pharmaceutical industry for the purposes such as controlled drug release, artificial skin, dental materials and cosmetics among others. On the basis of aforementioned pharmaceutical products, global biopolymers market is expected to dominate the synthetic polymer market.
Table of Contents
- Parent Market Synopsis
2. Executive Summary
3. Research Methodology
4. Regional Opportunity Analysis on the basis of Competitors
5. Global Biopolymers Market Size (USD Billion) and Forecast Analysis, 2016-2024
6. Market Dynamics: Growth Drivers, Restraints and Opportunities
6.1. Risk Factors
6.2. Regional Variations
6.3. Recent Trends and Developments
7. Global Biopolymers Market Segmentation
7.1. By Product Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.1. Adoption Rate (%) by Product Type
7.1.2. Bio-PET (PolyEthylene Terephatalate) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.3. Bio-PE (PolyEthylene) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.4. Poly lactic acid (PLA) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.5. Biodegradable polyesters (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.6. Others (biodegradable starch blends etc.) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
7.1.7. Market Attractiveness by Product Type
7.1.8. BPS Analysis by Product Type
For Detailed Reading Please visit @ https://www.wiseguyreports.com/reports/2111661-global-biopolymers-market-outlook-2024-global-opportunity-and-demand-analysis-market
About Us
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.
Contact Us:
NORAH TRENT
Partner Relations & Marketing Manager
sales@wiseguyreports.com
www.wiseguyreports.com
Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
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