May 31, 2018   SOURCE: BusinessWire

Global Bioplastics Market Analysis, Growth, Trends & Forecast 2018-2023, With a Projected CAGR of Over 26% - ResearchAndMarkets.com

The "Global Bioplastics Market - Segmented by Type, Origin, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global Bioplastics market was estimated at 3,123.24 kilo tons in 2017, and is expected to register an estimated CAGR of 26.03%, during the forecast period 2018-2023.

Due to the increasing environmental regulations and government initiatives of growing awareness, the consumers are increasingly shifting toward bio-based plastics. Increasing number of bans on traditional plastics is one of the major drivers for growth of this market.

Bioplastics are segmented into biodegradable plastics and non-biodegradable plastics. Currently, non-biodegradable plastics account for around 72% of bioplastic market. Bio-based, non-biodegradable plastics, including the drop-in solutions, such as, bio-based PE, bio-based PET, and bio-based PA, currently make up for around 56% of the global bioplastics production capacities. The production of bio-based PE is predicted to continue to grow, as new capacities are planned in Europe, during the forecast period. Bio-based PE is used in packaging applications, such as, carry bags, plastic films, and bottles.

Globally, the production of Bioplastics is the highest in Asia-Pacific, due to the increasing investments made by major market players, along with a large amount of feedstock. The growing packaging industry, both rigid and flexible packaging, in Asia-Pacific, which also accounts for more than 80% of bioplastic market in Asia-pacific, is the reason for higher production.

Companies Mentioned

  • API S.p.A
  • Arkema SA
  • Bioamber Inc.
  • Bioapply polymers
  • BASF Ag-Bio Plastics market
  • Biotec
  • Braskem
  • Corbion
  • DowDuPont
  • Futerro
  • Green day Eco Friendly Material Co. ltd
  • Kaneka Corporation
  • Meridian Holdings Group
  • Metbolix Inc
  • Mitsubishi chemical Corporation
  • Natureworks LLC
  • Novamont S.P.A.
  • Plantic Technologies Ltd
  • Showa Denko KK
  • Solvay SA
  • Tianjin green Bio Material Co Ltd
  • Toray International Inc
  • Trelis Bioplastics

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Competitive Landscape

8. Company Profiles

9. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/tn8682/global?w=4