Jun 4, 2020   SOURCE: BusinessWire

$22 Billion Biobased Polymers Market: Global Trends, Analysis and Outlook to 2028 Considering COVID-19 Implications - ResearchAndMarkets.com

The "Global Biobased Polymers Market Size Forecast to 2028 - Trends, Analysis and Outlook by Application, Type, and Geography" report has been added to ResearchAndMarkets.com's offering.

Key insights from the Global Biobased Polymers Market

  • The Global Biobased Polymers market is valued at $22 billion in 2020.
  • Packaging is the largest consumer of the Bio-based Polymers.
  • Biodegradable Starch Blend Polymers are the dominant types in 2020.
  • Asia Pacific is the largest user of Bio-based Polymers.

The $22 billion Biobased Polymers industry presents strong investment and growth opportunities over the near to long term outlook period. The 2020 edition of the market report presents a comprehensive analysis of the global Biobased Polymers market from 2020 to 2028. This market research report presents detailed Biobased Polymers market analysis, and forecasts to 2028. Detailed insights into global and regional Biobased Polymers market statistics, Biobased Polymers companies and growth prospects across verticals are included.

Biobased Polymers Market Overview and Developments in 2020

The report presents a snapshot of recent market trends in the Biobased Polymers industry. Further, potential market drivers, major challenges, opportunities, major developments, competitive strategies, Porter's five forces analysis, and other analysis are included in the research.

Impact of COVID-19 on Global Biobased Polymers market revenue

The worldwide crisis of COVID-19 is leading to calls for action from a wide range of stakeholders including manufacturers, vendors, distributors, and consumers. Decline in business for at least three months during 2020 coupled with lower demand from a few major markets has put pressure on the profitability of Biobased Polymers manufacturers and vendors. However, we expect the negative impact of COVID-19 on Biobased Polymers to be compensated over the medium to long term future.

Biobased Polymers Market Size and Outlook by type to 2028

A long-term perspective indicates that Biodegradable Starch Blend Polymers dominate the Biobased Polymers market. The industry is classified into different types including Bio degradable starch blends, Bio- PE, Bio- PET, PLA, PHA, Bio-PA, Bio PVC, PBS, Bio-PP, Bio- PC, Others.

Biobased Polymers Market Share and Outlook by End-User Industry to 2028

The research suggests that there is a strong case for the development of new applications of Biobased Polymers worldwide. Different application segments analyzed in the report are Packaging, Automotive, Semiconductors and Electronics, Construction, Others. The study identifies that Packaging application has the most substantial value-creation potential.

Global Biobased Polymers Company Profiles

The report presents business profiles of major companies operating in the industry including Covestro AG, BASF SE, BIOTEC GmbH & Co., thyssenkrupp AG, NatureWorks LLC.

The business overview, SWOT profile and product information are provided for all the companies.

The report identifies that the development of new applications and product portfolio is one of the key strategies to overcome identified challenges and for supporting continued growth. Manufacturing companies can also benefit from rising domestic demand in chemical end-use sectors. The majority of the companies are realigning their strategies to orient their business operations to changing market volatility, regulatory policy changes, geopolitical issues, changing end-user preferences, and others.

Scope of the research

  • Global and regional Biobased Polymers Market Size estimates in revenue terms from 2019 to 2028.
  • Segmentation analysis across types, applications, and geographies.
  • Strategic analysis through trends, drivers, challenges, opportunities, Porter's five forces analysis.
  • Market Developments including M&A, new product development, and competitive analysis.
  • Potential strategies of leading companies.

Companies Mentioned

  • Covestro AG
  • BASF SE
  • BIOTEC GmbH & Co.
  • thyssenkrupp AG
  • NatureWorks LLC

For more information about this report visit https://www.researchandmarkets.com/r/ett751