Infinium Global Research has added a new report onBio plastics Market. The report predicts the market size of Bio plastics is expected to reach 2.5% to 3.5 % billion by 2023.
The report covers the analysis of global as well as regional markets of Bio plastics. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run.
Global Bio plastics market size is expected to grow at a CAGR between 28.0% and 28.5% over the forecast period from 2017 to 2023. Bio plastics are plastics in which the carbon is derived from renewable biomass sources such as starch, microbiota and vegetable fats and oils. These plastics can be biodegradable or non-biodegradable. These bio plastics are increasingly used in the industry due to hazardous effects of plastics made up of petro based polymers. The global bio plastics market is likely to be driven by factors such as increasing prices of raw materials for petro based plastics, bio plastics are eco-friendly, support of government bodies and institutions, however the growth in the market is likely to be hampered by over-dependence on agriculture sources such as vegetable oils and fats and starches. The production of these raw materials is inconsistent due to frequently changing climate conditions. The global bio plastics market is segmented on the basis of materials and by applications type. The materials include Bio-PET, Bio-PE, Bio- PA, Biodegradable polyesters, PLA & PLA Blends, Starch Blends, PHA and Others, while the application types include Bottles, Food services, Agriculture & Horticulture, Consumer products, Automotive and Others. Presently, the global bio plastics market is dominated by its applications in bottling followed by other packaging applications.
- Evonik Industries
- Biome Technologies Plc
- Techno Polymer Co. Ltd
- Natureworks LLC
- BASF SE
- FKuR Kunststoff GmbH
- Innovia Films
- Novamont SPA
- Cardia Bio plastics
- Metabolix Inc.
Key Topics Covered:
- Executive summary
- Global Bio plastics Market Overview
- IGR- Snapshots
- Global Bio plastics Market Analysis, by materials type (USD million, kilo tons) 2017 – 2023
- Global Bio plastics Market Analysis, by applications (USD million, kilo tons)2017 – 2023
- Global Bio plastics Market Analysis, Regional Analysis (USD million) 2017 – 2023
- Company profiles