Bioplastics and Biopolymers Market are relied upon to develop at a CAGR of 12.0% from 2016 to achieve a market size of USD 5.08 billion by 2021.
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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.
Packaging industries use bioplastics & biopolymers on a large scale.
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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.
This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (47%); Tier 2 (33%) and Tier 3 (20%) companies were contacted for interviews.
The interviews were conducted with various key people such as C Level (33%), Directors Level (40%) and other (27%) from various key organizations. 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 & Africa (6%).
Complete report on Bioplastics & Biopolymers Market spread across 234 pages, profiling 12 companies and supported with 147 tables and 64 figures is now available at www.rnrmarketresearch.com/biopolym…arket-report.html
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 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 at www.rnrmarketresearch.com/contacts…ount?rname=160193
The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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