The Global Bioplastics Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Bioplastics industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Bioplastics market along with crucial statistical data about the Bioplastics market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027.

The global bioplastics market is projected to be worth USD 25.27 Billion by 2027, according to a current analysis by Emergen Research. The bioplastics market is experiencing rapid growth attributed to its increasing demand in end-use applications, such as packaging, textile, automotive & transportation, consumer goods, agriculture, and building & construction. Besides, supportive government initiatives and offering subsidies to promote the growth of bioplastics are driving the market's growth. In 2018, the Japanese Ministry of Environment made an announcement for the inclusion of USD 45.0 million/JPY 5.0 Billion in the FY2019 budget for developing products manufactured from bio-plastics and provide subsidies to firms that make paper substitutes to plastic.

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COVID-19 Impact Analysis:

The current COVID-19 pandemic is expected to have an effect on the growth of the Bioplastics industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Bioplastics sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Bioplastics industry.

Key Highlights From The Report

  • In February 2018, Teijin Ltd. made an announcement about the development of a formable film, which is resistant to gasoline and produced from PLA NEXT® bioplastic to substitute chrome plating, adopted by Honda Lock Mfg. Co., Ltd. for use in the nonconductive door handles having smart-entry systems.
  • Non-biodegradable bioplastics contributed to a larger market share of around 60.0% in 2019, owing to its widespread usage attributed to its low cost, durability, and versatility. Polylactic acid (PLA) is the most widely used non-biodegradable bioplastic.
  • Polyethylene Furanoate (PEF), a biodegradable bioplastic, is currently under development and is estimated to be commercially available by 2023.

Top competitors of the Bioplastics Market profiled in the report include:

  • NatureWorks
  • Biome Plastics
  • Braskem
  • Biotec
  • Total Corbion
  • Plantic Technologies
  • Mitsubishi Chemical Holdings Corporation

Valuable Market Insights:

  • The report highlights the latest trends observed in the consumption pattern of each regional segment.
  • Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
  • The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Bioplastics market.
  • The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

To get access to the complete report on the Bioplastics market, click on the link mentioned here: @https://www.emergenresearch.com/industry-report/bioplastics-market

Regional Analysis:

This section of the report offers valuable insights into the geographical segmentation of the Bioplastics market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments.

The report classifies the global Bioplastics market into various regions, including:

  • North America (U.S., Canada)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

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