+1 832 716 2363
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Monday, August 8, 2022
AsiaNewsWire
No Result
View All Result
Submit a Press Release
  • HOME
  • NEWSROOM
    • News by Country
      • Australia
      • Bangladesh
      • China
      • Hong Kong
      • India
      • Indonesia
      • Japan
      • Macau(China)
      • Malaysia
      • Myanmar
      • Nepal
      • New Zealand
      • Pakistan
      • Philippines
      • Singapore
      • South Korea
      • Sri Lanka
      • Taiwan
      • Thailand
      • Vietnam
    • News by Category
      • Agriculture
      • Arts & Entertainment
      • Aviation & transport
      • Business & Finance
      • Conferences & Seminars
      • Cryptocurrency
      • Economy
      • Education
      • Forex & Commodities
      • Manufacturing & Industry
      • Media
      • Oil & Energy
      • Pharma & Health
      • Politics
      • Real Estate & Construction
      • Sports
      • Stock Markets
      • Telecom & Tech
      • Travel & Tourism
  • PR SERVICES
    • Press Release Distribution
    • Press Release Writing
    • Consulting
    • Media Planning
  • PRICING
  • ABOUT US
  • CONTACT US
  • PRESS RELEASES

    Real-world Data Market Worth $2 billion by 2029

    5G Chipset Market to be worth $23.5 billion by 2027 -Exclusive Report Covering Pre and Post COVID-19 Market Analysis by Meticulous Research®

    Internet of Things (IoT) in Retail Market Worth $42.6 Billion by 2029

    Pea Protein Isolate Market Worth $542.9 Million by 2029

    Pea Protein Isolate Market Worth $542.9 Million by 2029

  • Login
  • Sign Up
  • HOME
  • NEWSROOM
    • News by Country
      • Australia
      • Bangladesh
      • China
      • Hong Kong
      • India
      • Indonesia
      • Japan
      • Macau(China)
      • Malaysia
      • Myanmar
      • Nepal
      • New Zealand
      • Pakistan
      • Philippines
      • Singapore
      • South Korea
      • Sri Lanka
      • Taiwan
      • Thailand
      • Vietnam
    • News by Category
      • Agriculture
      • Arts & Entertainment
      • Aviation & transport
      • Business & Finance
      • Conferences & Seminars
      • Cryptocurrency
      • Economy
      • Education
      • Forex & Commodities
      • Manufacturing & Industry
      • Media
      • Oil & Energy
      • Pharma & Health
      • Politics
      • Real Estate & Construction
      • Sports
      • Stock Markets
      • Telecom & Tech
      • Travel & Tourism
  • PR SERVICES
    • Press Release Distribution
    • Press Release Writing
    • Consulting
    • Media Planning
  • PRICING
  • ABOUT US
  • CONTACT US
  • PRESS RELEASES

    Real-world Data Market Worth $2 billion by 2029

    5G Chipset Market to be worth $23.5 billion by 2027 -Exclusive Report Covering Pre and Post COVID-19 Market Analysis by Meticulous Research®

    Internet of Things (IoT) in Retail Market Worth $42.6 Billion by 2029

    Pea Protein Isolate Market Worth $542.9 Million by 2029

    Pea Protein Isolate Market Worth $542.9 Million by 2029

No Result
View All Result
AsiaNewsWire
SUBMIT PR
Home Press Releases

Bioplastics Market Worth $25.93 Billion by 2029 — Exclusive Report by Meticulous Research®

asianewswire.net by asianewswire.net
July 12, 2022
in Press Releases
Bioplastics Market Worth $25.93 Billion by 2029 — Exclusive Report by Meticulous Research®
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, July 12, 2022 ) According to a new market research report, “Bioplastics Market by Type (Starch-based, PLA, PHA, Polyester, Bio-PET, Bio-PE, Bio-PTT, Bio-PA), Application (Packaging, Automotive, Consumer Electronics, Construction, Agriculture, Textile), and Geography — Global Forecasts to 2029”, published by Meticulous Research®, the bioplastics market is expected to grow at a CAGR of 13.1% from 2022–2029 to reach $25.93 billion by 2029.

The major factors driving the growth of bioplastics market are the increasing consumer preference for biobased products over synthetic products, increased usage of bioplastics in the packaging industry, increased utilization of flexible packaging by the food & beverage industry, and rising R&D in bioplastics.

Furthermore, regulations & legal acts supporting bioplastics usage and untapped markets in emerging economies are some of the major factors expected to offer significant growth opportunities for players operating in this market. However, the specific requirements for the biodegradation process are expected to hamper the growth of this market.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5250

Impact of COVID-19 on the Bioplastics Market

The global economy was severely affected by the COVID-19 pandemic in 2020 due to the implementation of nationwide lockdowns and social distancing measures worldwide. All economic activities, including manufacturing throughout value chains and investments, came to a halt.

The pandemic, like other industries, also impacted the bioplastic industry. During the COVID-19 pandemic, there were unavoidable negative shifts due to a surge in demand for single-use plastics for manufacturing face shields or personal protective equipment and food and groceries delivery packaging. For instance, the Japanese Ministry of Finance, Trade, and Industry recorded that more than 600 million face masks were required in April 2020.

Also, according to the World Health Organization, an increase of 40% in manufacturing capacity was needed due to the increased demand for surgical masks, examination gloves, and goggles when the COVID-19 pandemic was at its peak. Furthermore, virgin plastic became cheaper than biodegradable plastics due to a decline in oil prices in 2020, negatively impacting the demand for bioplastics.

However, the relaxations of social distancing norms and the effects of the COVID-19 pandemic with the resumption of logistics and production facilities are expected to provide bioplastics companies with significant growth opportunities in the coming years. Furthermore, the demand for bioplastics is expected to gradually increase to avoid the utilization of single-use plastics.

There are several emerging initiatives to promote a green recovery, which are expected to speed up the production of bioplastics. For instance, the European Union is working towards the 2050 net-zero emissions goal. This initiative was aimed at tackling the ever-growing environmental and sustainability crisis by implementing the European Green Deal.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5250

Bioplastics Market Overview

The overall bioplastics market is segmented based on type {biodegradable bioplastic (starch-based bioplastic, polylactic acid [PLA], polyhydroxyalkanoates [PHA], polyester [PBS, PBAT, AND PCL], and other biodegradable plastics), non-biodegradable bioplastics (bio-polyethylene [PE], bio-polyethylene terephthalate [PET], bio-polyamides [PA], bio-polytrimethylene terephthalate [PTT], and other non-biodegradable plastics)}, application (packaging [flexible packaging and rigid packaging], automotive & assembly operation, consumer electronics, agriculture & horticulture, construction, textile, and other applications), and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on type, the biodegradable bioplastics segment is estimated to register the fastest growth rate during the forecast period. The growth of this segment is primarily attributed to their wide range of industrial applications and the rising number of innovations in biodegradable bioplastics. Biodegradable bioplastics have numerous commercial applications in packaging, bags and sacks, disposable housewares, agriculture and horticulture, medical devices, consumer electronics, and automotive.

Based on application, the packaging segment is estimated to account for the largest share of the overall bioplastics market. The large market share of this segment is mainly attributed to growing use of bioplastics as an alternative packaging material, reduced carbon footprint, energy savings in production, reduced non-biodegradable waste, and high demand of bioplastics for wrapping organic food and premium and branded products. However, the consumer electronics segment is estimated to register the fastest growth rate during the forecast period. Bioplastics are used widely in the consumer electronics industry to make electrical appliances, such as casings, circuit boards, and data storage devices. The use of bioplastics in making electrical appliances ensures that the appliance is light and mobile while being tough and durable. In addition, bioplastics are increasingly used in the fast-moving consumer electronics sector for making products, such as touch screen computer casings, loudspeakers, keyboard elements, mobile casings, vacuum cleaners, and computer mice.

Quick Buy – Bioplastics Market Research Report: https://www.meticulousresearch.com/Checkout/70726473

In 2022, Asia-Pacific region is estimated to dominate the global bioplastics market, followed by Europe and North America. Asia-Pacific countries such as China and Japan are among the largest bioplastics markets globally. The major factors behind their large market share are high consumption in agriculture and other industries, stringent government regulations to reduce harmful plastic consumption, and increasing production capacities. Japan and China are highly industrialized and produce a large amount of plastic waste per year. For instance, the Academy of Agricultural Sciences and Ministry of Agriculture and Rural Affairs reported that, in 2020, the consumption of plastic in China was around 5.2 million tons, out of which 3 million tons were films used for agriculture practices and 2 million tons were used for irrigation equipment. Plastic waste management and recycling is a major problem for both China and Japan due to limited resources for recycling. To tackle this problem, the governments of both countries are actively participating in the promotion of bioplastics and biodegradable materials. For instance, by the end of 2020, in Shanghai, Chongqin, Beijing, and Tianjin, the capital cities of each province and other cities, prohibited non-degradable plastic bags.

Some of the key players operating in the global bioplastics market are BIOTEC (Germany), Braskem S.A. (Brazil), BASF SE (Germany), Biome Bioplastics Limited (U.K.), DuPont de Nemours, Inc. (U.S.), AKRO-PLASTIC GmbH (Germany), Saudi Basic Industries Corporation (Saudi Arabia), FKuR Kunststoff GmbH (Germany), Novamont S.p.A. (Italy), Plantic Technologies Limited (Australia), Futerro SA (Belgium), PTT Global Chemical Public Company Limited (Thailand), Showa Denko K.K. (Japan), Solvay SA (Belgium), Mitsubishi Chemical Holdings Corporation (Japan), Teijin Limited (Japan), Toray Industries, Inc. (Japan), Total Corbion PLA (Netherlands), Toyota Tsusho Corporation (Japan), and Green Dot Bioplastics, Inc. (U.S.) among others.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/bioplastics-market-5250

Scope of the Report:

Bioplastics Market, by Type

Biodegradable Bioplastics
Polyester (PBS, PBAT, and PCL)
Starch-based
Polylactic Acid
Polyhydroxyalkanoates (PHA)
Other Biodegradable Bioplastics
Non-biodegradable Bioplastics
Bio-polyethylene (PE)
Bio-polytrimethylene Terephthalate (PTT)
Bio-polyamide (PA)
Bio-polyethelene Terephthalate (PET)
Other Non-biodegradable Bioplastics
Bioplastics Market, by Application

Packaging
Flexible Packaging
Rigid Packaging
Textile
Agriculture & Horticulture
Construction
Automotive and Assembly Operation
Consumer Electronics
Others
Bioplastics Market, by Geography

Asia-Pacific (APAC)
China
Japan
India
South Korea
Australia & New Zealand
Rest of APAC (RoAPAC)
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe (RoE)
North America
U.S.
Canada
Latin America
Middle East & Africa

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5250



Source link

Previous Post

Lithium Iron Phosphate Batteries Market Size to Hit $24.6 Billion by 2027

Next Post

Data Discovery Market Share will hit $14.4 billion by 2025

Related Posts

Press Releases

Real-world Data Market Worth $2 billion by 2029

August 6, 2022
Press Releases

5G Chipset Market to be worth $23.5 billion by 2027 -Exclusive Report Covering Pre and Post COVID-19 Market Analysis by Meticulous Research®

August 6, 2022
Press Releases

Internet of Things (IoT) in Retail Market Worth $42.6 Billion by 2029

August 6, 2022
Pea Protein Isolate Market Worth $542.9 Million by 2029
Press Releases

Pea Protein Isolate Market Worth $542.9 Million by 2029

August 6, 2022
SCADA Market Worth $57.2 billion by 2028, Growing at a CAGR of 14.7% from 2021 – Exclusive Report by Meticulous Research®
Press Releases

SCADA Market Worth $57.2 billion by 2028, Growing at a CAGR of 14.7% from 2021 – Exclusive Report by Meticulous Research®

August 6, 2022
Robotic Process Automation Market Worth $47.19 Billion by 2029 – Exclusive Report by Meticulous Research®
Press Releases

Robotic Process Automation Market Worth $47.19 Billion by 2029 – Exclusive Report by Meticulous Research®

August 6, 2022
Load More

Popular News

  • India Media Lists

    India Media List for Press Release Distribution to English Publications, Radio and Television Stations

    0 shares
    Share 0 Tweet 0
  • Vietnam Media List for Press Release Distribution to Vietnamese Target Audience

    0 shares
    Share 0 Tweet 0
  • AsiaNewswire.net™ Relaunches Press Release Distribution to media in the Asia Pacific and Southeast Regions

    0 shares
    Share 0 Tweet 0
  • Singapore Media List for Press Release Distribution to Online, Print and Broadcast Outlets

    0 shares
    Share 0 Tweet 0
  • South Korea Media List for Press Release Distribution in Korean, English or in both languages

    0 shares
    Share 0 Tweet 0

By Categories

  • Agriculture
  • Australia
  • Business & Finance
  • Campaign
  • China
  • Education
  • English
  • Featured News
  • Forex & Commodities
  • India
  • Japan
  • Media
  • Media List
  • National
  • Politics
  • Press Releases
  • Singapore
  • Social Media
  • South Korea
  • Stock Markets
  • Taiwan
  • Telecom & Tech
  • Travel
  • Uncategorized
  • Vietnam

About

Asia Newswire™ provides press release distribution services for businesses,  organizations and other entities with need to send news to media outlets in Asia  Pacific, South and South East Asian countries. Other services include writing and  editing press releases, consulting and media planning.

Categories

News by Country
News by Category
Press Releases

Recent Post

Recent Posts
  • Public Safety and Security Market Global Predictions: USD 707.2 billion by 2027
  • Robotic Process Automation Market Worth $47.19 Billion by 2029 – Exclusive Report by Meticulous Research®
  • SCADA Market Worth $57.2 billion by 2028, Growing at a CAGR of 14.7% from 2021 – Exclusive Report by Meticulous Research®
  • Pea Protein Isolate Market Worth $542.9 Million by 2029

Subscribe Our Newsletter

    Share Us

    Share on facebook
    Share on twitter
    Share on linkedin
    Share on pinterest

    Contact Us

    • +1 832 716 2363
    • +12816454086
    • Email: Email Us
    • Skype: groupwebmedia

    AsiaNewswire.net™ is part of GroupWeb Media Network. © 2022 GroupWeb Media LLC

    No Result
    View All Result
    • Home
    • Newsroom
      • News by Category
        • Agriculture
        • Arts & Entertainment
        • Aviation & transport
        • Business & Finance
        • Conferences & Seminars
        • Cryptocurrency
        • Economy
        • Education
        • Forex & Commodities
        • Manufacturing & Industry
        • Media
        • Oil & Energy
        • Pharma & Health
        • Politics
        • Real Estate & Construction
        • Sports
        • Stock Markets
        • Telecom & Tech
        • Travel & Tourism
      • News by Country
        • Australia
        • Bangladesh
        • China
        • Hong Kong
        • India
        • Indonesia
        • Japan
        • Macau(China)
        • Malaysia
        • Myanmar
        • Nepal
        • New Zealand
        • Pakistan
        • Philippines
        • Singapore
        • South Korea
        • Sri Lanka
        • Taiwan
        • Thailand
        • Vietnam
    • PR Services
      • Press Release Distribution
      • Press Release Writing
      • Consulting
      • Media Planning
    • About Us
    • Contact Us
    • Pricing
    • Press Releases
    • Login
    • Sign Up

    Share on facebook
    Share on twitter
    Share on linkedin
    Share on pinterest
    AsiaNewswire.net™ is part of GroupWeb Media Network. © 2022 GroupWeb Media LLC