Biopolymers have found wide acceptance in various industries, on account of its distinguished environment friendly properties. On the basis of application areas, the market of biopolymers can be broadly segmented into packaging, bottles, fibers, agriculture, automotive, and others. Solid packaging and liquid packaging/bottles are the major biopolymers applications and serve an array of industries due to their various properties and performance advantages.
Currently, the penetration of biopolymers is increasing in packaging, bottles, and automotive at a very high pace around the globe. The key drivers for increasing demand of biopolymers in all the sectors are biodegradability of these materials, and positive attitude of government towards green procurement policies. On the other hand, increasing scope in end user segment and under penetration in Asian countries are the major upcoming opportunities in the market, and technological developments, and innovations are identified as key strategies to capitalize on these opportunities.
Among major biopolymers, Polyhydroxyalcanoate (PHA) is an emerging market and its demand is growing at good pace.
North America is the biggest market for biopolymers, consuming more than one-third of the total global demand for biopolymers. There is a lot of scope in the Asia-Pacific market due to strong and increasing manufacturing and industrial base, which are the major end consumers of biopolymers. Additionally, increasing need in Europe for high performance material for fibers and injection molding is pushing the demand for Polylactic acid (PLA) at a considerable pace. With the emerging technological developments and innovations in Europe, the demand for biopolymers is likely to further increase at a high pace.
The countries covered in the report from RnR Market Research are China, Japan, U.S., Italy, Germany, and France. The segmentation by type of bioplastics includes bio-PET, bio-PE, PLA, PHA, bio-PBS, starch blends, and regenerated cellulose; while on the basis of its application the segmentation includes packaging, bottles, fibers, agriculture, automotive, injection molding and others.
It also includes the company profiling and competitive strategies adopted by various market players including NatureWorks LLC (U.S), Metabolix Inc. (U.S), and Braskem S.A. (Brazil), Meredian Inc. (U.S), Indorama ventures Public Co. Ltd (Thailand), Novamont S.P.A (Italy), and so on.