Global Bio-Based Materials Market: Brief Overview
The global bio-based materials market is going to witness a heavy demand during the forecast period 2018 – 2026, owing to growing concerns regard environment throughout the world. Bio-based products have recently gained an immense popularity owing to the growing environmental concerned population. Bio-based materials are extracted from renewable sources like that of feedstock, which comprises of corn, sugarcane, or other polymers which will degrade in the environment within a span of one year. There are numerous advantages associated with using bio-based material over conventional materials which hardly degrades in the environment, thus threatening the atmosphere. One of the major factor pushing the global bio-based materials market is the steady price of agricultural feedstock with comparison to petrochemicals. This is likely to make the price of biobased products stable, thus favoring the growth of the global bio-based materials market.
Global Bio-Based Materials Market: Trends and Opportunities
The major reason that is boosting the growth of the global bio-based materials market is the rising awareness regarding safeguarding the environment. Increase in temperature of earth due to rise in emission of carbon dioxide gas is considered to be affecting the environment adversely. This has made the environmental concerned people to uptake sustainable products, which can be degraded naturally by the earth itself without any extra help. Recent years have seen day to day products release chemical waste such as harmful byproducts into the environment, in order to descend exposure to such chemicals and bring down the emission of toxic byproducts, people are inclining towards the consumption of sustainable bio-based products.
It has been noticed that the use of plastics in various industries such as automotive industry, food and beverage industry, and healthcare for numerous purposes has adversely impacted environment, as these plastics are non-degradable. It has taken numerous marine lives. In order to replace the use of plastics, bioplastics have come into play. They are efficient in packaging products for both automotive and food and beverage industries. These bioplastics can be easily degraded, thus making it better option for packaging in an eco-friendly way.
Global Bio-Based Materials Market: Regional Outlook
On the basis of geography, the global bio-based materials market is segmented into Europe, Latin America, Asia Pacific, the Middle East and Africa, and North America. Of these, Europe is likely to dominate the global bio-based materials market during the assessed period. European countries have agreed to have bio-based production to boosts their industry share. However, on the other hand, Asia Pacific is predicted to witness a strong demand due to rapid industrialization. India and China are likely to become the major contributor from this region.
Global Bio-Based Materials Market: Companies Mentioned
Some of the major players in the global bio-based materials market are BASF SE, DSM, Evonik Company, Anellotech, Inc., Clariant, Arkema, Gevo, LANXESS, and PespiCo Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.