Bio-Plastics Market is Estimated to Grow at a USD 7.9 Billion by 2023 – Global Trend, Demand, Share and Forecast to 2023

Global Bio-Plastics Market is estimated to grow at a USD 7.9 Billion by 2023, registering a CAGR of 27.65% during the forecast period. Production of bio-plastics reduces CO2 emissions by 31%-71%.

November 10, 2017 /MarketersMedia/ —

The Bio-Plastics Market segmented based on bio-plastics composition, functional use, and application type. In terms of chemical composition, the global bio-plastics market is segmented as bio, synthetic based biodegradable, and bio based non-bio degradable. By type of functional uses, it is a single carrier bag and multiple uses type. Bio-plastics are consumed across a wide range of industries such as rigid packaging, flexible packaging, textiles, consumer goods, agriculture and similar others.

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The industry is mainly driven by increased environmental awareness, implementation of stringent environmental regulations, reduced dependence on petroleum-based raw materials for eco-friendly and sustainable products are the driving factor. However, the major restraints include the higher cost of manufacturing, shortage of waste processing infrastructure, lack of standard procedure for the collection and recycling of the plastics. Quality improvement for higher consumer appeal, increasing environmental awareness, growing corporate social responsibility activity and continuous R&D efforts will boost this market.

Complete report on Bio-Plastic Market spread across 119 pages, profiling 12 companies and supported with tables and figures. Inquire for more at https://www.orianresearch.com/enquiry-before-buying/406211

The top players are adopting some key development strategies, including partnership, expansion, collaboration, joint venture, merger and product launch with smaller ones. The market is extremely competitive with the major players acquiring regional players to increase their market shares and geographic reach.

Asia Pacific and Europe cumulatively accounted for the largest market share of approximately 70% in 2016. The Asia Pacific region is projected to have the largest share in the bio plastics market over the forecast period on due to the high availability of renewable feedstocks in this region.

The Bio-Plastics Industry Leading Market Players are Novamont, Metabolix, BASF, Natureworks LLC, Corbion Purac, Cardia Bio-plastics, Biome Technologies, Toray Industries, Evonik, BioSphere Plastic, Techno-Polymer, and Cardia Bio-plastics

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Key market of this benefit:

*It provides the estimations of the sizes of the overall market and its sub segments across different countries.
*It provides analysis of market forces influencing the development.
*It covers information regarding key drivers, challenges, restraints, and Opportunities in the market
*A detailed analysis of the key industry players has been conducted to provide insights into their business overviews, key strategies, new product launches, acquisitions, agreements in this market.

Target audience:

*Manufacturers of Bio Plastics
*Traders, Distributors, and Suppliers of Bio-plastics
*Companies Operational across Various End Users of Bio-plastics
*Government and Research Organizations
*Associations and Industrial Bodies
*Research and Consulting Firms
*National & Local Government Organizations/Agencies
*R&D Institutions
*Investment Banks and Private Equity Firms

Table of Content:
1 Executive Summary
2 Demographic Overview
3 Research Methodology
4 Premium Insights
5 Market Overview
6 Market Factor Analysis
7 GLOBAL BIO-PLASTIC MARKET BY COMPOSITION TYPES
8 GLOBAL BIO-PLASTIC MARKET BY FUNCTIONAL USE TYPE
9 GLOBAL BIO-PLASTIC MARKET BY APPLICATION
10 GLOBAL BIO-PLASTIC MARKET BY REGION
11 MARKET TRENDS & COMPETITIVE ANALYSIS
12 MarCOMPANY PROFILES

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Source: MarketersMedia

Release ID: 263012