Global Bioplastics and Biopolymers Market: Overview

Bioplastics or biopolymers are biodegradable plastics derived from biological substances. They are used for manufacturing items such as pots, crockery, and straws among others. Current environmental concerns and the rise in plastic waste are high attributable to the growth of biopolymer manufacturing companies. The global bioplastics and biopolymers market has immense growth potential and is expected to grow tremendously during the forecast period. This is owing to high demand from the packaging industry and rising health concerns from petroleum-derived plastics.

Global Bioplastics and Biopolymers Market: Notable Developments

Here are a few notable developments in the global bioplastics and biopolymers market that may pave

  • Bioplastics are usually derived from animals, plants or other microbial sources, however, they have a few limitations related to the availability of biomass. In order to overcome these concerns, researchers have developed a method of deriving bioplastics from seaweeds. Seaweeds can be grown in a number of environments and are highly chemical-independent. Besides, they have high biomass and are extremely cost-efficient as compared to the other microbial sources. The bioplastics derived from seaweeds offer excellent durability and are highly resistant to microwave radiation. This has highly benefitted the global bioplastics and biopolymers market, thus facilitating growth.
  • BioLogiQ, Inc., a company specializing in environmentally friendly plastics has recently launched a new biopolymer called NuPlastiQ BC. These biopolymers are manufactured using biodegradable resins such as PBAT, PLA, and PHA. These plastics are extremely light in weight and meet the ASTM D6400 standards. They are used in a wide range of applications such as foodservice products, sacks, and agricultural films. This has greatly influenced the bioplastics and biopolymers market by expanding its consumer base.

The prominent brands in the global bioplastics and biopolymers market include NatureWorks, Novamont, Total Corbion PLA, BASF, and Toray Industries.

Global Bioplastics and Biopolymers Market: Key Growth Dynamics

In recent times, governments are taking increasing efforts pertaining to the preservation of non-renewable sources. This shift towards sustainable energy sources has paved the growth path for the global bioplastics and biopolymers market. Along with this, consumers are realizing the ill effects of petroleum-based plastics. As a result, manufacturers are adopting plant-based materials to manufacture plastics, thereby influencing the growth of the bioplastics and biopolymers market.

In addition to the above drivers, flexible production lines and enhanced manufacturing processes have strengthened the market’s growth ground. The new manufacturing methods of bioplastics comprise fewer assembly operations and components, thus easing the process. Incorporation of these methods has increased the sustainability of bioplastics and in turn, steered the bioplastics and biopolymers market.

Another factor serving as a focal point in the market’s growth is the soaring prices of petroleum, leading to the replacement of petroleum-based plastics with biopolymers or bioplastics. This has also contributed to a spike in the number of manufacturing units for bioplastics. Moreover, these plastics exhibit the same properties as PET with a reduction in the weight. These factors have played a prominent role in supporting the growth of the global bioplastics and biopolymers market.

Global Bioplastics and Biopolymers Market: Regional Outlook

Asia Pacific has emerged as a leading region for the growth of the global bioplastics and biopolymers market. This is due to the extensive use of bioplastics in the end use industries of this region. Besides, governments of this region have laid down strict regulations with respect to the use of finite resources. Europe is also expected to be a key region for the market’s expansion owing to an expansion in the packaging industry.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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