The report evaluates the Biopolymers Market share held by the key Players of the industry and offers a full assessment of the competitive landscape. This market is bifurcated into different segments with the profound analysis of each segment with respect to the geography for the study period. Based on the historical data, the report estimates future prospects and provides the market trends, size, growth, and estimation for the period 2018-2025.
Biopolymers are polymeric biomolecules. Biopolymers contain monomeric units, which covalently bond to form larger structures. Based on monomeric units used and the structure of the biopolymer, there are three main classes of biopolymers namely polynucleotides (RNA and DNA), polypeptides and polysaccharides. These biopolymers are renewable, sustainable, carbon neutral, biodegradable, and compostable.
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Increasing demand for bio-PE, bio-PET, and PLA is driving the product market of biopolymers to grow rapidly. Packaging industry is the prime application areas for biopolymers with maximum market share. Bottle industry is an emerging sector with fastest growth rate over the forecast period. Biodegradability, government interventions in green procurement policies, technological innovations are increasing the penetration of biopolymer in the application market.
North America is the leading market for biopolymers and accounted approximately one third of the market demand. U.S. is a high potential country, which is accelerating high growth in this region over the forecast period. Followed by North America region, Europe is growing owing to the industrial expansion. Investments from major players in this market resultant to growing demand, are driving the global biopolymer market growth. Leading players in this industry are NatureWorks LLC, Metabolix Inc., Braskem S.A., Meredian Inc., Indorama ventures Public Co. Ltd., Novamont S.P.A., Tianjin GreenBio Materials Co. Ltd., etc.
Segmentations In Report:
1. Biopolymers By Classes:
> Polynucleotides (RNA and DNA)
> Polypeptides
> Polysaccharides
2. Biopolymers By Types:
> Bio PET
> Bio PE
> PLA
> PHA
> Bio PBS
> Starch Blends
> Regenerated Cellulose
> Others
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