As per the recently published report by MarketsandMarkets™, The “Bioplastics & Biopolymers Market by Type (Biodegradable, Non-Biodegradable/ Bio-Based), End-Use Industry (Packaging, Consumer Goods, Textiles, Agriculture & Horticulture, Automotive & Transport, Coatings & Adhesives), & Region – Global Forecast to 2027″, size of bioplastics & biopolymers was USD 11.5 billion in 2022 and is projected to reach USD 27.3 billion by 2027, at a CAGR of 18.9%, between 2022 and 2027.
Bioplastics are plastics derived from renewable sources such as corn, potatoes, rice, soy, sugarcane, wheat, and vegetable oil, while biopolymers are naturally occurring polymers. Bioplastics may or may not be biodegradable. They are mainly segmented into biodegradable and non-biodegradable plastics for various applications in packaging, consumer goods, automotive & transportation, agriculture & horticulture, medical, and other end-use industries.
Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88795240
Browse
- 244 Market data Tables
- 42 Figures
- 283 Pages and in-depth TOC on “Bioplastics & Biopolymers Market – Global Forecast to 2027”
This report also provides a comprehensive analysis of the companies listed below:
The major players in bioplastics & biopolymers market includes Nature Works LLC (US), Braskem (Brazil), BASF SE (Germany), Total Energies Corbion (Netherlands), Novamont S.P.A (Italy), Biome Bioplastics Limited (UK), Mitsubishi Chemical Group Corporation (Japan), Biotec Biologische Naturverpackungen GmbH & Co. (Germany), Plantic Technologies Limited (Australia), and Toray Industries, Inc. (Japan) are the key players in the bioplastics & biopolymers market.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the bioplastics & biopolymers market.
Recent Developments in Bioplastics & Biopolymers Market Industry
- In November 2022, TotalEnergies Corbion announced a long-term collaboration with BGF. Both companies entered into arrangement for application development and the supply of Luminy PLA.
- In October 2022, Braskem announced to expand its I’m greenTM biopolymer production capacity by 30%. The company is investing USD 60 million to expand the capacity. Braskem and SCG chemicals are the partners for the project. This partnership helps to double the current capacity for I’m greenTM products.
- In June 2021, BASF launched COSMOS-approved texturizing biopolymer Hydagen. The cold processable rheology modifier obtained from the tuber of the konjac plant native to Southwest China is suitable for aqueous systems such as gels, fluids, serums, and novel formats such as patches, jellies, and peel-off formulations.
- In June 2022, Confoil, an Australian manufacturer of food packaging and BASF collaborated to develop certified compostable dual ovenable paper tray for packaging. These trays are made of lightweight paperboard and coated with BASF’s biopolymer Ecovio PS 1606.
- In September 2021, Braskem announced a partnership with Gelmart International, one of the world’s largest manufacturers of underwear. Braskem is supplying I’m green EVA biopolymer to produce the world’s first bra cup.