Bioplastics Market Size to Reach USD 19.93 Billion by 2026; Rigid Packaging Segment to Dominate Market with Increasing Demand from Shipping Companies, Predicts Fortune Business Insights™

PUNE, India, Jan. 13, 2020 /PRNewswire/ -- The global Bioplastics Market size is anticipated to witness promising growth on account of the rising awareness about environmental protection worldwide. Fortune Business Insights™ in their report titled, "Bioplastics Market Size, Share & Industry Analysis, By Type (Biodegradable and Non-biodegradable), By Application (Rigid Packaging, Flexible Packaging, Textiles, Automotive & Transportation, Agriculture & Horticulture, Consumer Goods, and Others), and Regional Forecast, 2019-2026," offers a detailed analysis of the market and throws light on major industry developments.

As per the report, the global Bioplastics Market size will exhibit a CAGR of 16.2% and reach USD 19.93 billion by 2026. The forecast period is set from 2019 to 2026, and the market value as per 2018 was USD 6.04 billion.

According to the current Bioplastics Market trend, the market is dominated by the rigid packaging segment with respect to applications. This is on account of high demand from shipping companies that demand sustainable yet sturdy packaging products fit for carrying a heavy load.

Report Highlights

• A 360-degree overview of the market
• Factors boosting, retracting, challenging and providing opportunities to the market
• Key industry developments and interesting insights related to Bioplastics Market
• List of key vendors in the market and prime strategies
• Other Bioplastics Market trends

To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/industry-reports/bioplastics-market-101940

Surging Demand for Ready-to-eat Food Products will help Promote market for Bioplastics

A major Bioplastics Market growth driver is the increasing environmental concerns related to the use of plastic and its harmful effects. This, followed by the rise in demand for alternatives for plastics, is expected to help increase the overall Bioplastics Market size in the forecast period. Besides this, the increasing demand for bioplastics from industries such as pharmaceutical companies and food industries is anticipated to help attract high Bioplastics Market revenues in the forecast period. This is owing to the rise in demand for ready-to-eat food products that require safe packaging materials with low environmental impact.

List of the significant Bioplastics Market manufacturers include;

• Kaneka Takasago
• Taghleef Industries
• Genecis
• Braskem
• BASF
• Toray
• Roquette
• Succinity GmbH
• NatureWorks
• Solvay
• Danimer Scientific
• Trifilon
• Biofase
• Bioapply
• Lyondellbasell
• Avantium
• PTT MCC biochem
• Total Corbion NV
• LCY biosciences
• Matrica
• Novamont S.p.A.
• Other Players

Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/bioplastics-market-101940

Presence of Robust Automotive Industry to aid in Expansion of Europe Market

Geographically, the global Bioplastics Market is dominated by Europe holding about 19% Bioplastics Market share. This percentage is anticipated to reach 25% by the end of 2022 on account of suitable policies adopted by the European state members of France and Italy. Moreover, the presence of a robust automotive industry demanding lightweight vehicles and a rise in demand for bioplastics used for packaging products are further anticipated to help this region continue dominance in the coming years.

On the other side, the European Bioplastics 2018 report states that 56% of the overall production of bioplastic was from Asia Pacific. The Asia Pacific Bioplastics Market growth is attributable to a new foreign investment law imposed by the Chinese government effective from January 2020. The immensely multiplying packaging industry demands are further expected to help augment the Bioplastics Market growth in the coming years.

Joint Venture and Merger and Acquisition Strategies to Help Players Attract High Revenues

The key Bioplastics Market manufacturers are entering into partnerships and joint ventures for attracting high Bioplastics Market revenue in the forecast period. Some of the significant market players are PTT MCC Biochem, NatureWorks, Succinity GmbH, and Total Corbion NV. For the manufacturing of PLA, a partnership was signed between PHH, an oil company located in Thailand, and Cargill. Similarly, Corbion NV, a joint venture of Corbion and Total also deals with the production of PLA. Additionally, BASF and Corbion entered into a joint venture forming Succcinity GmbH for the production of Succinic Acid and its derivatives.

Other strategies adopted by players include expansion of geographical presence, new product offerings, and multiplication of distribution channels worldwide.

Some of the key industry developments in the Bioplastics Market are:

December 2018 – A new production facility was opened in Rayong Thailand by Total Carboin NV with an annual production capacity of 75KT. It also uses non-GMO sugarcane grown locally for manufacturing high heat PDLA and PLA.

January 2019 –  The acquisition of Buifilm, was completed by Taghleef Industries. Biofilm is a Latin American manufacturing company that produces BOPP film for flexible packaging in industrial applications.

Request for Customization https://www.fortunebusinessinsights.com/enquiry/customization/bioplastics-market-101940

Detailed Table of Content:

• Introduction
• Research Scope
• Market Segmentation
• Research Methodology
• Definitions and Assumptions
• Executive Summary
• Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Key Insights
• Key Emerging Trends – For Major Countries
• Key Developments: Mergers, Acquisition, Partnership, etc.
• Latest Technological AdvanBioplastics
• Insights on Regulatory Scenario
• Porters Five Forces Analysis
• Key Insights
• Key Findings / Summary
• Market Analysis, Insights and Forecast – By Type
• Biodegradable
• Starch Blends
• Polylactic Acid (PLA)
• Polybutylene adipate terephthalate (PBAT)
• Polybutylene succinate (PBS)
• Polyhydroxyalkanoates (PHA)
• Other Biodegradables
• Non-biodegradable
• Bio-Polyethylene terephthalate (Bio-PET)
• Bio-Polyamide (Bio-PA)
• Bio-Polyethene (Bio-PE)
• Bio- Polytrimethylene terephthalate (Bio-PTT)
• Other Non-Biodegradables
• Market Analysis, Insights and Forecast – By Application
• Rigid Packaging
• Flexible Packaging
• Textiles
• Automotive & Transportation
• Agriculture & Horticulture
• Consumer Goods
• Others
• Market Analysis, Insights and Forecast – By Region
• North America
• Europe
• Asia pacific
• Rest of World

TOC Continued…!

Order a Single User License Copy: https://www.fortunebusinessinsights.com/checkout-page/101940 

Have a Look at Related Reports for Bioplastics Market:

Food Packaging Market Size, Share & Industry Analysis, By Materials (Glass, Metal, Paper & Paperboard, Wood, and Plastics [Polypropylene, Polyethylene, PET, and Others]), By Product (Rigid, Semi-Rigid, and Flexible) By Application (Fruits & Vegetables, Bakery & Confectionery, Dairy Products, Meat, Poultry & Seafood, Sauces, Dressings and Condiments, and Others), and Regional Forecast, 2019-2026

Polyethylene (PE) Market Size, Share & Industry Analysis, By Type (HDPE, LDPE, LLDPE), By End User (Packaging, Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceutical, Electrical & Electronics, Agriculture, Others), and Regional Forecast, 2019-2026

Paints and Coatings Additives Market Size, Share & Industry Analysis, By Type (Dispersing Agent, Rheology Agent, Leveling Agent, Anti-foaming Agent, Adhesion Promoting Agent, and Others), By Application (Automotive, Architectural, Wood, Industrial, and Others), and Regional Forecast, 2019-2026

Polyurethane (PU) Market Size, Share & Industry Analysis, By Product Type (Rigid Foam, Flexible Foam, Molded Foam, Elastomers, Adhesives & Sealants, Coatings, and Others), By Application (Furniture, Construction, Electronics, Automotive & Transportation, Packaging, Footwear, and Others), and Regional Forecast 2019-2026

Blow Molded Plastics Market Size, Share & Industry Analysis, By Resin (Polyethylene Terephthalate (PET), Polyethylene (PE), Polyvinyl Chloride (PVC), Polystyrene (PS), and Others), By Molding Method (Extrusion Blow Molding, Injection Blow Molding, Stretch Blow Molding, Rotational Blow Molding), By Application (Transportation, Packaging, Building & Construction, Electrical & Electronics), and Regional Forecast 2019-2026

Polymer Foam Market Size, Share & Industry Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others), and Regional Forecast, 2019-2026

Polypropylene (PP) Market Size, Share & Industry Analysis, By Type (Homopolymer, Copolymer), By End User (Packaging, Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceuticals, Electrical & Electronics, Agriculture, Others), and Regional Forecast 2019-2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters, 
Survey No. 36, Baner, 
Pune-Bangalore Highway, 
Pune - 411045, Maharashtra, India.

Phone:

US :+1-424-253-0390
UK : +44-2071-939123
APAC : +91-744-740-1245

Email: [email protected] 
Fortune Business Insights™ 
LinkedIn | Twitter | Blogs

Read Press Release: https://www.fortunebusinessinsights.com/press-release/bioplastics-market-9499

View original content to download multimedia:http://www.prnewswire.com/news-releases/bioplastics-market-size-to-reach-usd-19-93-billion-by-2026-rigid-packaging-segment-to-dominate-market-with-increasing-demand-from-shipping-companies-predicts-fortune-business-insights-300985479.html

SOURCE Fortune Business Insights