Biopolymers Market, By Type (Bio-PE, Bio-PET, PLA, PHA, Biodegradable Plastics, and Others), By Applications (Films, Bottle, Fibers, Seed Coating, Vehicle Components, Medical Implants, and Others), By End-Use Industry (Packaging, Textile, Automobile & Transport, Electronics & Electricals, Coatings & Adhesives, Agriculture & Horticulture, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2024

Code : CMI2508

Pages :170

Formats :

Excel and PDF

Industry : Polymers and Resins

Market Concentration and Competitive Landscape

Biopolymers Market Concentration By Players

Close-monitor your Competitor's Move, Request sample copy

Need for innovative solutions in packaging

Traditional plastic packaging is coming under scrutiny due to issues like waste generation and recyclability. The packaging industry is under tremendous pressure to develop new solutions that are sustainable and reduce the environmental footprint of packaging. Biopolymers are seen as an innovative material that can help address these challenges. They can be molded into packaging that looks and performs similar to plastic but is plant-based and many types can fully decompose without leaving behind microplastics. This has fueled extensive research into applications of biopolymers like bio-PET, PLA, PBS, etc. in food packaging, consumer product casing, e-commerce packaging, etc. Advantages like compostability help brands promote their packaged products as green. COVID-19 has further boosted the need for bioplastic replacing petro-based plastic in single-use packaging like face shields, gloves, takeaway containers etc. With their ability to leverage renewable resources and sustainability credentials, biopolymers are increasingly becoming the material of choice for developing next-generation packaging solutions.

Key Players Insights