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Europe is estimated to lead the bioplastics & biopolymers market

The Bioplastics & Biopolymers market is projected to grow from USD 6.95 billion in 2018 to USD 14.92 billion by 2023, at a CAGR of 16.5% from 2018 to 2023. Increasing demand for bioplastics from the packaging industry, favorable government policies, increase in waste management regulations in Europe, and increasing concern for human health is projected to drive the bioplastics & biopolymers market. Increase in regulations is expected to propel the growth rate of the market.
On the basis of region, Europe is estimated to lead the bioplastics & biopolymers market in 2018
Europe is the largest bioplastics & biopolymers market and is one of the major producers of plastics.It leads in the packaging end-use industry, which dominates the bioplastics & biopolymers market. These factors have been responsible for the development of bio-based plastics with collaborative research, which, in turn, is expected to transform Europe’s plastics industry. The political and economic conditions have also driven the market penetration of bioplastics & biopolymers. The EU Commission has focused on the Lead Markets Initiative where bioplastics have been identified as one of the most important potential markets. Europe has, thus, become one of the major consumers of bioplastics & biopolymers.
Key players profiled in this report include NatureWorks (US), Braskem (Brazil), Novamont (Italy), BASF (Germany), Total Corbion PLA (Netherlands), Biome Bioplastics (UK), Bio-On (Italy), Toray Industries (Japan), Plantic Technologies (Australia), and Mitsubishi Chemical Corporation (Japan).

Target Audience

  • Manufacturers of bioplastics & biopolymers
  • Chemical Suppliers
  • Traders, Distributors, and Suppliers of bioplastics & biopolymers
  • Raw Material Suppliers
  • Government and Research Organizations
  • Industry Associations
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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