The global bioplastics market is projected to be worth USD 25.27 Billion by 2027, according to a current analysis by Emergen Research. The bioplastics market is experiencing rapid growth attributed to its increasing demand in end-use applications, such as packaging, textile, automotive & transportation, consumer goods, agriculture, and building & construction. Besides, supportive government initiatives and offering subsidies to promote the growth of bioplastics are driving the market's growth. In 2018, the Japanese Ministry of Environment made an announcement for the inclusion of USD 45.0 million/JPY 5.0 Billion in the FY2019 budget for developing products manufactured from bio-plastics and provide subsidies to firms that make paper substitutes to plastic.

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Competitive Overview

The global Bioplastics industry is highly competitive owing to the presence of several renowned market players, which are keen on enhancing their market shares, implementing different marketing strategies. The leadingcompanies functioning in the business sphere are profiled on the basis of their product portfolios, product differentiation, product price, quality, brand, etc. Researchers have observed that themarket playersare increasingly shifting their focus towards product customization with the help of robust customer interaction. The report enumerates the varying operating patterns of these vendors, such as partnerships & collaborations, mergers & acquisitions, and product launches. Furthermore, it includes a list of the leading vendors in the market. The leading players profiled in the report include BASF SE, NatureWorks, Biome Plastics, Braskem, Biotec, Total Corbion, Plantic Technologies, Mitsubishi Chemical Holdings Corporation, Novamont SPA, and Toray Industries, among others.

Key Highlights From The Report

• Non-biodegradable bioplastics contributed to a larger market share of around 60.0% in 2019, owing to its widespread usage attributed to its low cost, durability, and versatility. Polylactic acid (PLA) is the most widely used non-biodegradable bioplastic.
• Polyethylene Furanoate (PEF), a biodegradable bioplastic, is currently under development and is estimated to be commercially available by 2023.
• The worldwide production capacity of bioplastics was over 2.1 million tons in 2019, with Europe accounting for around one-fourth of the world's bioplastics production capacity.

Emergen Research has segmented the global bioplastics market on the basis of type, distribution channel, application, and region:

• Type Outlook (Revenue, USD Billion; 2017-2027)
  • Biodegradable
    1. Polybutylene Adipate Terephthalate (PBAT)
    2. Polybutylene Succinate (PBS)
    3. Polylactic Acid (PLA)
    4. Polyhydroxyalkanoate (PHA)
    5. Starch Blends
    6. Others
  • • Non-Biodegradable
      1. Polyethylene (PE)
      2. Polyamide (PA)
      3. Polyethylene Terephthalate (PET)
      4. Polytrimethylene Terephthalate (PTT)
      5. Polypropylene (PP)
      6. Others
    • Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
      • Online
      • Offline
    • Application Outlook (Revenue, USD Billion; 2017-2027)
      • Packaging
      • Textile
      • Automotive & Transportation
      • Consumer Goods
      • Agriculture
      • Building & Construction
      • Others

Regions Covered in This Report:

1. North America(U.S., Mexico, and Canada)
2. Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
3. Europe(U.K., Germany, France, and Rest of Europe)
4. Latin America(Brazil and Rest of Latin America)
5. Middle East & Africa(GCC Countries and Rest of Middle East & Africa)

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Key points covered in the report:

1. The latest report based on the global Bioplastics market includes an elaborate list of the company profiles of the leading market players.
2. The report throws light on certain significant aspects, such as manufacturing/production capacity, sales, future expansion strategies, and technological capabilities of these market players.
3. The report emphasizes the primary application areas of the global market and therefore provides a precise account of the market to enable the interested readers to gain crucial insights into the global market mechanism.
4. The report involves a SWOT analysis of the global Bioplastics market. In the concluding part of the report, the opinions of several industry experts and professionals have been included.
5. The report elucidates vital information about investors, stakeholders, policymakers, manufacturers, suppliers, service providers, and the leading contenders in this market.

Table of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Bioplastics Market Segmentation & Impact Analysis
    4.1. Bioplastics Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increasing demand for bioplastics in the packaging sector
                    4.2.2.2. Growing awareness about eco-safety
                    4.2.2.3. Surging demand for bioplastics in additive manufacturing
                    4.2.2.4. Growing emphasis on sustainability
                    4.2.2.5. Supportive government initiatives and regulations
          4.2.3. Market restraints analysis
                    4.2.3.1. Cost-prohibitive than conventional plastic
                    4.2.3.2. Availability of substitutes
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

CONTINUED…!

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