According to Technavio’s latest market research study, the global biopolymers market is expected to grow at a CAGR of close to 17% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global biopolymers market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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The top three revenue contributing product segments are discussed below
Global biopolymers market by bio-PET: The extensive use of Bio-PET for the manufacturing of PET bottles in various end-user industries will result in the growth of this market segment. The sectors that use these PET bottles in bulk are consumer goods, packaging, and beverage industries. Japan introduced bio-PET in the global industry.
“Bio-PET is manufactured with around 30% ethylene glycol that is largely obtained from sugarcane. Increasing consumer awareness and demand for a sustainable component in PET bottles will result in the growth of this market segment during the forecast period across the globe,” says Swapnil Tejveer Sharma, a lead analyst at Technavio for research on plastics, polymers, and elastomers.
Global biopolymers market by PLA: The increasing use of PLA in biopolymeric applications due to its water-resistance properties will help in the development of this market segment. PLA find applications in the packaging sector, textiles for manufacturing t-shirts and furniture textiles, hygiene products that includes nappies, foils for agriculture, and cutlery. As PLA is derived from lactic acid, it can be synthesized using either renewable or non-renewable routes.
Global biopolymers market by PHA: This biopolymer is a natural polyester synthesized by the fermentation of sugar and lipids by a wide variety of microorganisms. Properties that include high UV stability, ability to withstand temperatures of up to 180 C and leak-proof features will increase the application of PHA in various industries and will contribute to the growth of this market segment. Some of its applications include manufacturing of cosmetic products, hygiene products, packaging products, and golf tees.
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The top vendors operating in the global biopolymers market are:
- Arkema
- BASF
- NatureWorks
- Novamont
- Plantic
Other prominent vendors in the market include Braskem, DSM, DuPont, Ecospan, Evonik Industries, Meredian Holdings Group, and Toray Industries.
A more detailed analysis is available in the Technavio report titled, ‘Global Biopolymers Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Bio-based Polyurethane Market 2016-2020
- Global Antimicrobial Packaging Market 2016-2020
- Global Contract Packaging Market 2016-2020
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