Bioplastics & Biopolymers Market

NatureWorks (US) and Braskem (Brazil) are Leading Players in the Bioplastics & Biopolymers Market

The global bioplastics & biopolymers market size is projected to reach USD 29.7 billion by 2026 growing at a CAGR of 22.7% from 2021 to 2026. The increasing demand for bioplastics & biopolymers material in various end-use segments coupled with stringent regulatory and sustainability mandates concerning healthcare safety is driving the market for bioplastics & biopolymers.

The increase in demand for bioplastics & biopolymers and the growing industrial development in the emerging economies, such as APAC and South America, are driving the market. The key players in this market are NatureWorks (US), Braskem (Brazil), BASF (Germany), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Biotec (Germany), Toray Industries (Japan), and Plantic Technologies (Australia). These players have adopted various strategies such as investment & expansion, merger & acquisition, partnership & agreement, and new product launch in order to strengthen their market position. For instance, in April 2021, NatureWorks announced a new strategic partnership with IMA Coffee, which is a market leader in coffee handling processing and packaging. This partnership aims at increasing the market reach for high-performing compostable K-cup in North America.

To know about the assumptions considered for the study download the pdf brochure

NatureWorks is jointly owned by PTT Global Chemical (Thailand) and Cargill (US). It manufactures biopolymers derived from renewable resources, such as corn, starch, and vegetable oils. It is among the leading advanced material companies and offers a broad portfolio of renewably sourced polymers and chemicals for the packaging and chemical industries. The company offers Ingeo Biopolymer, which is used in 3D printing, beauty and household, building & construction, food & beverage packaging, medical & hygiene, and other applications. It also offers PLA-based biopolymer performance material designed for use in fresh food packaging and food service ware applications. NatureWorks operates in North America, Europe, and APAC, with manufacturing facilities in the US.

Braskem was founded in 2002, with the consolidation of six companies, namely, Copene, OPP, Trikem, Proppet, Nitrocarbono, and Polialden. The company operates in the chemical and petrochemical industry and thus, plays an important role in other production chains that are essential to economic development. The company produces polyethylene (PE), polypropylene (PP) and polyvinylchloride (PVC) resins, in addition to basic chemical inputs such as ethylene, propylene, butadiene, benzene, toluene, chlorine, soda, and solvents, among others. The company offers bioplastics through its biopolymers segment. Braskem is the first company that started to produce on a world scale unit BIO- PE which is made out of sugarcane. The company produces 16 million metric tons per year of thermoplastic resins and other chemical products. It exports the products to clients in approximately 100 countries and operates 41 industrial units, which are located in Brazil, the US, Germany, and Mexico as well as 16 regional offices in other countries to provide integrated solutions for clients. the latter in partnership with the Mexican company, Idesa.

Related Reports:

Bioplastics & Biopolymers Market by Type (Non-Biodegradable/Bio-Based, Biodegradable), End-Use Industry (Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture), Region - Global Forecast to 2026

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
CH 2325
RI Published ON
8/6/2021
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Bioplastics & Biopolymers Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved