Infinium Global Research has added a new report on Global Bio-Plastics Market: Trends Analysis and Forecast 2023. The report presents analysis of global as well as regional markets of Bio-Plastics over the period of 2017 to 2023. Moreover, the IGR-Growth Matrix given in the report provides key focus areas and investment areas the market players can focus on. The market size is presented in terms of value for the historic year 2017 and estimated for forecast period of 2017 to 2023. Get 15% discount for early purchase of “Global Bio-Plastics market by region (North America, Europe, Asia Pacific, and RoW)” report on
The global Bio-Plastics market was dominated by the Asia Pacific region followed by the North American and European Bio-Plastics market. On the basis of countries, the U.S. and China led the global Bio-Plastics market. The growing demand for Bio-Plastics in the automotive and packaging application has played a major role in driving the Bio-Plastics market worldwide. Similarly factors such as growing globalization leading to an increase in investments, new establishments for construction and environmental benefits of Bio-Plastics such as reduction of CO2 emissions, usage of organic waste, biomass and dead plants for the production of bio plastic that helps in waste management are some of the important factors responsible for the growth of the global Bio-Plastics market.
Furthermore, growth of 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. Moreover, the growing use of bio plastics in packaging applications such as biodegradable mulch films, compostable waste bags, catering products, film packaging, and rigid packaging will also boost the growth prospects for this market during the forecast period. Bio plastics possess properties such as gloss, barrier effect, antistatic behaviour and printability among others, which makes it suitable for rigid packaging application. This has created greater opportunities in the global bio plastic market over the forecast period.
Bio-Plastics are used for the applications such as Bottles, Food services, Agriculture & Horticulture, Consumer products, Automotive, Packaging and Others. The report identifies the largest application for which Bio-Plastics are used. Among the geographies Asia Pacific is expected to be the largest market for the Bio-Plastics market over the Forecast period from 2017 to 2023. The report covers the analysis of global as well as regional markets of the Bio-Plastics market.
- 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.
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