The Global Bio-Plastics Market is estimated to exhibit a CAGR of 14.22% during the forecast period of 2021-2028. The major factor which is expected to actively drive the demand of bio-plastics market is the rapid increased focus on bio-based content over biodegradability and rise in focus of governments on green procurement policies and regulations.
However, the high prices of bio-plastics, limited regulations related to bio-plastics in developing countries and segregation and processing of bio-plastics can challenge the growth of the bio-plastics market.
Global Bio-Plastics Market
According to Data Bridge Market Research, the bio-plastics market will exhibit a significant rise in its market value. The bio-plastics market is expected to rise in demand due to the rapid shift in consumer preference toward eco-friendly plastic products, increase in use of bio-plastics in the packaging end-use industry, rapid increase in population and urbanization associated with the rise in awareness regarding health-issues in emerging economies are also expected to push the growth of the bio-plastics market in the above mentioned forecast period.
Currently, Europe will dominate the global bio-plastics market owing to the strong presence of strict governmental laws pertaining to single-use plastics, increase in environmental concerns and rise in R&D investments by private as well as public organizations..
Now the question is which are the other regions that the bio-plastics market is targeting? Data Bridge Market Research has estimated a large growth in North America owing to the high demand from the packaging industry in emerging countries, such as Canada, U.S. and Mexico as well as the rise in environmental concerns.
For more analysis on the global bio-plastics market request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-bio-plastics-market
Scope of the Bio-Plastics Market
The global bio-plastics market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
- All country based analysis of bio-plastics market is further analysed based on maximum granularity into further segmentation. The market is also segmented on the basis of product type into biodegradable and non-biodegradable. The end user segment for bio-plastics market is segmented into rigid packaging, flexible packaging, textile, agriculture and horticulture, consumer goods, automotive, electronics, building and construction and others.
- Bio-plastics are the type of plastic materials which are produced from renewable biomass sources. These plastics can also be made from agricultural by-products.
To know more about the study, https://www.databridgemarketresearch.com/reports/global-bio-plastics-market
Key Pointers Covered in the Bio-Plastics Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Regulatory Framework and Changes
- Prices and Reimbursement Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in Bio-Plastics Market report
- Danimer Scientific
- Novamont S.p.A
- Total
- Plantic
- Braskem
- Corbion NV
- SABIC
- Solanyl Biopolymers Inc.
- BASF SE
- NatureWorks LLC
- HARBEC
- Merck KGaA
- Biome Technologies plc
- Cardia Bioplastics
- DuPont
- ADM
- Mitsubishi Chemical Corporation
- Arkema
- Green Dot BIOPLASTICS Inc.
- TORAY INDUSTRIES, INC
Above are the key players covered in the report, to know about more and exhaustive list of bio-plastics market companies’ contact us, https://www.databridgemarketresearch.com/toc/?dbmr=global-bio-plastics-market
Research Methodology: Global Bio-Plastics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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