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Bioplastics & Biopolymers Market Analysis
Moldable plastic made from chemical compounds derived from or synthesized by microbes such as bacteria or genetically modified plants. Bioplastics are thermoplastics made from bio-based materials like sugar, seaweed, and starch. Biopolymers are a broad category of materials that includes not only bioplastics but also natural polymers such as silk, chitosan, and wool. Starch, cellulose, and alginate are examples of polysaccharides, which are linear or branched polymeric carbohydrates. Natural rubbers (polymers of isoprene), suberin and lignin (complex polyphenolic polymers), cutin and cutan (complex polymers of long-chain fatty acids), and melanin are all examples of biopolymers. Human and animal waste, plant products, and agricultural waste are used to make bio-plastics, which are then recycled and turned into new products using cutting-edge technology. The packaging industry makes extensive use of bioplastics and biopolymers. As a result, bio-based raw materials such as starch and vegetable waste crop by-products, are being used to comply with stringent government environmental regulations. Hence, product quality is lower in this industry than in traditional plastic product manufacturing industries. Bio-plastics are primarily used to store food items and can be stored for longer periods without refrigeration while maintaining chemical properties.
COVID-19 Impact analysis
The outbreak of novel coronavirus (COVID-19) pandemic has caused stock market volatility, tight border controls, and global lockdown, prompting the polymers industry, as well as large companies and governments, to restock supply chains. During the COVID-19 pandemic, the entire world is experiencing severe effects on the social and financial sectors, and all global industries are facing challenges. The coronavirus pandemic has had a mixed impact on the bio-based sector, with some companies assisting with technological solutions to combat the outbreak, while others appear to be seeing increased demand for biodegradable takeaway containers.
Top Impacting Factors
The market for bioplastics and biopolymers is primarily driven by rising demand for plastic convenience and quality food products, rising urban population, which increases food adoption, rising consumption of processed or stored food and packaged food for consumers around the world, growing disposable income of eatable food, and multi-functionality of packaging. One of the end-use industries that dominates the bioplastics and biopolymers market is packaging. Bioplastics, particularly biodegradable bioplastics, are becoming more popular as a replacement for conventional plastics due to environmental concerns. Bioplastics are increasingly being used in bottles, films, clamshell cartons, waste collection bags, carrier bags, mulch films, and food service containers. Furthermore, the market is expected to witness growth due to rising demand for packaged foods, innovation and development in bio-plastic packaging, rising consumer concerns about their health, and rising spending capacity of packaging food owners on food durable products. Changing consumer lifestyles in developed countries, a growing pharmaceutical, food, and other industries, and the emergence of new product development in bioplastics and biopolymers products are expected to provide opportunities for manufacturers in the global market during the forecast period.
Market Trends
Key Benefits of the Report
Questions Answered in the Bioplastics & Biopolymers Report
Bioplastics & Biopolymers Market Report Highlights
Aspects | Details |
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By End-Use Industry |
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Key Market Players | SymBioPolymers, Cereplast, Dow Chemical, Metabolix., Y swayed, Braskem, BASF, NatureWorks, Total Corbion PLA, Eastman Chemical |
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