Biodegradable Polymers Market 2019 | Global Industry Analysis, Size, Share, Growth, Opportunity, and Forecast to 2024
This “Biodegradable Polymers Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Biodegradable Polymers market can use for expanding their business in untapped market to increase their customer base.
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Biodegradable Polymers Market Covers Manufacturers:
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Key Market Trends:
Increasing Demand from the Packaging Industry
– Biodegradable polymers are used in rigid packaging of bottles, containers, blister packaging, etc., as they do not have adverse effects on the environment. The most important challenge for many food and beverages companies is to extend shelf-life by improving the packaging.
– The major bio-degradable polymers, which are used in rigid packaging, include PLA and PHA/PBS. They are also used in making trays for frozen food, containers for dry cosmetics, such as face powders and eye shadow, disposable cups, and plates, among others.
– The increasing intervention of Food and Drug Administration (FDA) and related organizations, in terms of food safety, is promoting the usage of bio-degradable and food grade polymers for beverage and snack packaging.
– Moreover, the consumption of bio-degradable polymers in making bottles and containers is increasing across the world. The production of bottles and containers is more in China, since it is the manufacturing hub for major products. Hence, the consumption of bioplastics is expected to increase during the forecast period.
– They are used in packaging films for food items, medicines, and beverage bottles, and in packaging of non-food products, such as napkins and tissues, toilet paper, nappies, sanitary towels, cardboard and coat paper for food wrapping paper, coated cardboards to make cups, plates, and so on.
– All the aforementioned factors are expected to drive the global market during the forecast period.
Asia- Pacific Region to Dominate the Market
– In the Asia-Pacific region, countries, such as China and India, dominate the market.
– China has the world’s largest electronics production base. Electronic products, such as smartphones, OLED TVs, tablets, wires, cables, and so on, have the highest growth in the electronics segment. With the increase in the disposable income of middle-class population, the demand for electronic products is projected to grow in the near future, thereby driving the biopolymers market.
– The Indian bio-degradable polymers market is still in its nascent stage, with the presence of few number of players in the market. Comparatively, lower awareness and less stringent regulations related to environment quality plague the growth of the biopolymer industry in the country. However, with increasing pollution-related issues in cities, like Delhi and Mumbai, people are being aware of the importance of using eco-friendly products.
– Japan has been active in the innovation and development of biopolymers, in order to develop diversified applications of bio-degradable polymers in various industries where plastics are used. Japan, known to be the world’s largest innovative country, is a forerunner in technological advancement. The country serves as the third-largest automotive producer, and has one of the largest electronics goods industry.
– Electrical and electronics manufacturing is one of the most prominent sectors in the ASEAN region. The sector accounts for nearly 30-35% of the total exports of the region. Thailand, Malaysia, and Vietnam are the key manufacturing hubs for electrical and electronics products in the global market.
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Target Audience of Biodegradable Polymers Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to Biodegradable Polymers Market Report:
- Analyzing various perspectives of the Biodegradable Polymers market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the Biodegradable Polymers market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Biodegradable Polymers market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of Biodegradable Polymers market studied, during the forecast period
- The segments that are expected to dominate the Biodegradable Polymers market studied.
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