BASF SE, Braskem S.A, Biome Technologies Plc, Plantic
Technologies Limited, Bio-on S.p.A., Novamont S.P.A, Toray Industries Inc,
Tianjin GreenBio Materials Co., Ltd, Danimer Scientific, Rodenburg
Biopolymers among others are some of the prominent players at the
forefront of competition in the Global Bio Polymers Market and are
profiled in MRFR Analysis.
Bio Polymers Market – Overview
Bio Polymers are predominantly utilized in numerous end use
industries such as agriculture, packaging, pharmaceutical, construction,
automotive, and others. Bio Polymers Market is predicted to witness strong
growth owing to rising demand for premium food packaging and bottles across the
globe. Among end use segment, packaging is predicted to register strong growth
in the upcoming future due to rising demand of films, and bottles across the
globe. Furthermore, rising automotive production and sales along with the
increasing use of biopolymers in the manufacturing of automobile parts is
predicted to fuel the demand of biopolymers over the forecast period.
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Geographically, Europe emerged as the largest market for bio
polymers in 2016 and is expected to retain its dominance over the assessment
years due to increasing demand from packaging and automotive. In North America,
U.S. and Canada are among the major contributor in the regional market growth
due to robust consumer base for packaging and pharmaceutical products.
Asia Pacific is estimated to witness healthy growth owing to growing demand
from various end use industries specifically in China, India, Japan, and South
Korea. In Addition, economic growth in this region along with rapid
industrialization has enabled greater production and sales of vehicles, films,
and bottles. Moreover, increasing demand for good quality packaging along with
rising utilization of biopolymers in the manufacturing of packaging films and
bottles is expected to propel the growth of the market. Moreover, increased
investment by key players in their R&D activities and shifting of bio
polymers production facilities as well as significantly rising end use
industries in this region is predicted to fuel the bio polymers regional market
growth. Europe is predicted to witness strong growth on account of high
adoption rate among end use industries and strict regulations regarding the use
of synthetic based products in numerous countries such as Germany, Italy,
Spain, and UK. The Middle Eastern & African market is expected to register
moderate growth due to continuous growth of construction and pharmaceutical
industries. Latin American countries such as Mexico, Argentina, and Brazil is
predicted to register healthy growth owing to increasing disposable income
along with strong consumer base for automotive industry.
Competitive Landscape:
The Bio
Polymers Market report has analysed the level of competition among the
key operating players as well as manufacturing sector growth and market
scenario. The global Bio Polymers Market comprises of various manufacturers
operating in the market which comprised of large scale and medium size
manufacturers. This market is at its growing phase, which represent above
average stats in terms of market and overall volume. Some of the prominent
market players operating in the global Bio Polymers Market has shifted their
focus towards growth association specifically by Asia Pacific as medium scale
and small scale manufacturers are from this region specifically from China,
South Korea, India, Indonesia, Malaysia, and Japan. Furthermore, the major
operating players have shifted their focus on extending their product portfolio
by strategic acquisition and mergers, joint ventures, product launches, and
exclusive agreements. Some of the companies are expanding their manufacturing
capacity of bio polymers to meet the rising demand for bio polymers.
Furthermore, some of the manufacturers has launched a series of product to
enhance their position in the market.
Industry/ Innovation/ Related News:
September 2017- Earth Science Tech, Inc.
announced an agreement with Axcelon Biopolymers Corp. for the distribution of
their Nanoderm Biopolymer products in Djibouti and Morocco. Nanoderm product is
widely used in clinics, hospitals, and the general public for numerous wound
treatments including scratches and burns. With this agreement, the company
increased its presence in North African countries.
March 2017- Solegear Bioplastic Technologies,
established an agreement on which the company announced three year partnership
with Braskem to produce and distribute wide range of household recycling
containers under its good natured brand. Braskem produced their I’m green
material from Brazilian sugarcane, to be drop in biopolymer substitute to
conventional polyethylene. This strategic partnership provide company new
markets and strengthen the company’s growth in North America.
November 2016- Corbion NV, the Dutch company and
Total SA announced to construct a PLA factory with a capacity of 75,000 tons at
Corbion’s existing site in Thailand. The new plant started operation in the
first quarter of 2017. The joint venture will utililize Total’s technical and
marketing knowledge and Corbion’s expertise in lactic acid and biopolymers,
which will further accelerate the growth of these two companies.
November 2016- Bio-on announced to start
manufacturing of its own special biopolymers at a new plant with capacity of
1000 tons/year. This plant completed in 2017 with the predicted investment of
Euro 15 Million. With this strategic move, the company enhance its presence
among global biopolymer manufacturers.
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