Biopolymers Market size to increase by USD 14.93 billion between 2022 to 2027| The increasing demand for PHA-based biodegradable plastics drives market growth - Technavio

News provided by

Sep 18, 2023, 07:35 ET

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- The Biopolymers Market size is expected to grow by USD 14.93 billion, accelerating at a CAGR of 10.11% between 2022 to 2027. The increasing demand for PHA-based biodegradable plastics drives the biopolymers market. However, factor such as the cost-effectiveness of conventional plastics over biopolymers may impede market growth. The market is segmented by type (PLA, Bio-PE, Bio-PET, PHA, and Starch and others), end-user (Packaging and food services sector, Agriculture and horticulture, Consumer goods, Automotive, and Others), and geography (Europe, North America, APAC, Middle East and Africa, and South America). Download free sample report now for more information

Technavio has announced its latest market research report titled Global Biopolymers Market 2023-2027

Biopolymers Market 2023-2027: Company Analysis

Archer Daniels Midland Co. - The company offers biopolymers and bioplastics in partnership with LG Chem.

Technavio provides report with a detailed analysis of 20 companies operating in the biopolymers market including Archer Daniels Midland Co., Arkema Group, BASF SE, Biome Technologies plc, Danimer Scientific Inc., DuPont de Nemours Inc., Eastman Chemical Co., Evonik Industries AG, Galatea Bio Tech Srl, KURARAY Co. Ltd., Merck KGaA, Mitsubishi Chemical Corp., NatureWorks LLC, Novamont S.p.A., Rodenburg Biopolymers B.V., Solanyl Biopolymers Inc., Toray Industries Inc., TotalEnergies Corbion bv, Yield10 Bioscience Inc., and Braskem SA.

Get the complete company analysis by Technavio now, download the free sample report here

Biopolymers Market 2023-2027: Segmentation

The PLA segment is expected to experience substantial growth during the forecast period. PLA, or polylactic acid, is a widely used biodegradable polyester. It has been identified in blood and muscle tissue as a byproduct of glucose metabolism, derived from lactic acid. PLA can be produced from either recycled or non-renewable sources. The chemical polymerization of lactic acid leads to the creation of PLA copolymers. PLA is a preferred choice for biopolymer applications due to its resistance to water.

Biopolymers Market 2023-2027: Key Highlights

Historic Market Size 2017-2021
CAGR of the market during 2023-2027
Detailed information on factors that will assist biopolymers market growth during the next five years
Estimation of the market size and its contribution to the parent market
Forecasts on upcoming trends and changes in consumer behavior
The growth of the biopolymers market
Analysis of the competitive landscape and detailed information on companies
Comprehensive details of factors that will impede the growth of biopolymers market companies

Buy the full report for detailed analysis of Biopolymers Market

Related Reports:

Biopolymers and Bioplastic Market: The biopolymers and bioplastic market is estimated to grow at a CAGR of 14.36% between 2022 and 2027. The market size is forecasted to increase by USD 75.14 billion.

Biopolymer Packaging Market: The biopolymer packaging market share is expected to increase by USD 5.39 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.45%.

FAQS

How do the major trends impact the market?
How big is the North America market?
How do the key drivers and challenges impact the market?

Table of Contents:

Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by End-User
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Infiniti Research, Inc.