Albany, NY -- (SBWIRE) -- 11/05/2018 -- The global bioplastics and biopolymers market is anticipated to see a stunning growth in years to come during the forecast period 2018 – 2025, owing to the emergence of renewable and bio based raw materials which are required to manufacture bioplastics and biopolymers. A report titled, "Global Bioplastics & Biopolymers Market Insights, Forecast to 2025", by ResearchMoz.us explains complete overview of the market which readers find hard to understand. The report analyses the market based on the region, trends, drivers, restrains and opportunities. The report carries company profiles of all the major players in the market.
Bioplastics finds its application in various application such as domestic goods, packaging. Apart from these, dependence on petroleum based plastics are plummeting down at a steady rate due to the rising environmental concern associated with the extensive use of petroleum product which cause adverse impact on the atmosphere. Rise in investment on agricultural industry by major players in the market is likely to help the market to grow at a stupendous growth. Concept of smart towns and cities prevailing in the developing countries are anticipated to help the market to grow.
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It is due to this concept that the demand for Bio plastics and Biopolymers for managing waste and water have increased. Apart from these, erratic price fluctuation of petroleum is helping the manufacturers to shift towards Bio plastics and Biopolymers. Rising need for an environmental friendly based polymer packaging is fueling the growth of Bio plastics and Biopolymers market. Another striking factor that has helped the market to grow is the strong and smooth distribution network. Initiatives undertaken by government to safeguard the environment is aiding the market to grow.
On the basis of product, the market is segregated into Bio-PET, PHA, PLA, Starch Blends, Regenerated Cellulose, Biodegradable polyster, and others. On the basis of end user industry, the Bio Plastics and Biopolymers market is bifurcated into agricultural industry, bottling industry, packaging industry, consumer products, and automotive industry. Amongst these, the packaging industry held the major share owing to rapid advancement in the packing techniques over the years.
On the basis of geography, the Bio plastics and Biopolymers market is stretched across Europe, South America, Middle East and Africa, North America, and Asia-Pacific. Of these, Europe holds the major share in the market. In terms of revenue Europe holds the top position owing to the contribution made by Russia. Russia is expected to witness the highest CAGR among the European countries. Rise in packaging and agricultural industry along with the rise in regional players have helped the market to expand at a significant growth. Countries such as Japan, China, India and South Korea are likely to grow at stellar rate. Some of the major players in the market are Solvay SA, Eastman Chemical Company, BASF SE, Braskem SA, BASF SE, and Metabolix Holdings Group Inc.