The global market for biopolymers has been growing at a CAGR (2016-2021) of 16.7%, commensurate with the end user application industries. Biopolymers are polymers that are biodegradable in nature. Environmental impact of plastic wastes is raising general concern as it results in toxic air pollution and limited availability of proper landfill sites. Also petroleum resources are increasingly becoming limited. Additionally, recycling methods for such waste are often expensive and energy-intensive. All these factors coupled with increasing public concern and favorable government initiative has stimulated the interest towards biopolymers.
Biopolymers market has been assessed on types, industries and also by regions. Various types of biopolymers include Bio-PET; polyolefins such as Bio-PE and Bio-PP; PHA, PLA, PBS, Bio-polyamide; starch based biopolymers; cellulosics; and other type of biopolymers such as Bio-PTT, PBAT, Bio-PUR and biogums such as xanthan gum and gellan gum. Biopolymers have biodegradable and a few biopolymers are also compostable which makes them suitable for a lot of application in various industries.
Biopolymers are mostly used in packaging purposes which covers 64.5% of the overall market in value terms. Other industries where biopolymers are used includes fibers; agriculture; automotive; medical; electronics; building and construction; cosmetics; waste management; and oil industry.
Though the market for biopolymers is expected to grow at a very high rate during the forecasted period, high pricing and performance issues is going to dampen the market for biopolymers.
The global market for biopolymers is growing mainly in North America and Asia-Pacific followed by Europe owing to government initiatives towards a greener environment and preservation of fossil fuels.
Metabolix Inc., BASF SE, Dupont, Kaneka Corp., Meredian Inc., Mitsubishi Chemical Corp., NatureWorks LLC, Novamont S.P.A., Durect Corp., Aduro Biopolymers LP, Helian Biopolymers B.V are the major global manufacturers of biopolymers.
This report also highpoints the suppliers landscape with a focus on major companies with profiles and SWOT analysis in detail.
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