NEW YORK, March 24, 2021 /PRNewswire/ --
Technavio forecast the global biopolymers market is expected to grow by 620.37 thousand tons by 2024. Healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 3%.
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The biopolymers market is driven by the volatility in crude oil prices coupled with strict environment regulations and policies. In addition, the increased demand for environment-friendly and sustainable packaging solutions is anticipated to boost the growth of the biopolymers Market.
Read the 120-page report with TOC on "Biopolymers Market Analysis Report by End-user (Consumer goods sector, Automotive sector, Packaging & food services sector, Agriculture and horticulture sector, and Others), Type (Bio-PET, PLA, PHA, Bio-PE, and Others), and Geography (Europe, North America, APAC, MEA, and South America), and the Segment Forecasts,2020-2024".
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https://www.technavio.com/report/report/biopolymers-market-industry-analysis
COVID-19 is expected to have Neutral and At Par impact on Biopolymers Market. Even if the spread of virus is contained, we expect it to take more than two quarters (six months) to reach a normal state of economic activity.
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Major Biopolymers Companies:
Biopolymers Market End-user Outlook (Revenue, th tons, 2019-2024)
Biopolymers Market Type Outlook (Revenue, th tons, 2019-2024)
Biopolymers Market Geography Outlook (Revenue, th tons, 2019-2024)
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Biopolymer Coatings Market by Product and Geography - Forecast and Analysis 2020-2024: The biopolymer coatings market size will record an incremental growth of USD 336.80 million and a CAGR of over 6% during 2020-2024. To get extensive research insights: Get FREE Sample Report in Minutes!
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Report: https://www.technavio.com/report/biopolymers-market-industry-analysis
SOURCE Technavio
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