Biopolymers and Bioplastics Market Size- By Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Biopolymers and Bioplastics Market Overview
According to SPER Market Research, the Global Biopolymers and Bioplastics Market is estimated to reach USD 66.21 billion by 2032 with a CAGR of 19.13%. Plastic that may be moulded made from chemical compounds produced by or derived from microbes, such as bacteria or genetically altered plants. Thermoplastics derived from bio-based substances including sugar, starch, and seaweed are known as bioplastics. In addition to bioplastics, the large group of materials known as biopolymers also includes natural polymers including silk, chitin, and wool. Examples of polysaccharides, which are linear or branched polymeric carbohydrates, include starch, cellulose, and alginate.
Impact of COVID-19 on the Global Biopolymers and Bioplastics MarketThe fitting distribution of a number of items across the marketspace has been impacted by the COVID epidemic. This is mostly because major economies around the world, particularly those in North America, Western Europe, and parts of Asia-Pacific, have reduced operational capacity for product developers. Also, there are challenges for producers of biopolymers and bioplastics related to global material price volatility and supply disruptions of important feedstock.
Scope of the Report:Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments coveredBy Type. By Application, By End User.
Regions coveredAsia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies CoveredAmcor Limited, Arkema, BASF, Biome Bioplastics, Biotec, Braskem, Cargill Incorporated, Cereplast Inc., Eastman Chemical Company, Mitsubishi Chemical Holding Corporation, NatureWorks, Novamont, Plantic Technologies, Toray Industries, Total Corbion.
Global Biopolymers and Bioplastics Market Segmentation:By Type:Based on the Type, Global Biopolymers and Bioplastics Market is segmented as; Biodegradable, (PBAT, PBS, PCL, PHA, PLA, Starch Blends, Others), Non-Biodegradable/Biobased (BIO-PABIO-PE, BIO-PEF, BIO-PET, BIO-PP, BIO-PTT, Others)
By Application:Based on the Application, Global Biopolymers and Bioplastics Market is segmented as; Bottles, Fibers, Films, Medical Implants, Seed Coating, Vehicle Components, Others
By Region:The five primary regions of South America, North America, Europe, Asia-Pacific, and the Middle East & Africa are used to evaluate the global market for biopolymers and bioplastics.