The modern-day document posted via Report Ocean, titled “Bioplastic Composites Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
Environment-friendly properties of bioplastics and their high consumer acceptance significantly drive the growth of the global bioplastic market for injection molding. Furthermore, favorable government policy towards the use of bioplastics and adequate accessibility of renewable raw material sources fuel the market growth. However, high cost of bioplastics and their limited performance restrain the growth of the bioplastic composites market. On the contrary, decrease in dependency on petroleum resource and increase in R&D activities for bioplastic are expected to provide lucrative future opportunities for the market growth.
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Bioplastics are derived from renewable feedstocks such as corn, sugarcane, and cellulose. The preference towards bio-based plastics has increased significantly, due to their eco-friendly nature, abundant availability of renewable feedstocks, and favorable government policies the aid the use of bioplastics in various industries. Moreover, bioplastics are widely applicable in rigid packaging, flexible packaging, textiles, consumer goods, agriculture, construction, electrical & electronics, and other industries. Furthermore, the fusion of bio-resources such as plant-derived natural fibers into bioplastic composite structures has gained traction in designing and engineering of bioplastic composites. The natural fibers used in the bioplastics help to enhance the specific properties such as stiffness & thermal behavior, reduce the price of bioplastics, improve the bio-based share of bioplastics, and refine their recyclability.
The report segments the global bioplastic composites market for injection molding on the basis of polymer, fiber type, end-user industry, and geography. Based on polymer, the market is bifurcated into natural polymer and synthetic polymer. Natural polymer is further classified into polyhydroxyalkanoate (PHA), polylactic acid (PLA), and others, whereas synthetic polymer is subsegmented into epoxy, polypropylene, and others. By fiber type, the market is divided into wood fiber composites and non-wood fiber composites. The wood fiber composites segment is further categorized into hardwood and softwood, while non-wood fiber composites is divided into flax, hemp, jute, and others. Depending on end-user industry, the market is fragmented into transportation, electrical & electronics, building & construction, aerospace & defense, consumer goods and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market include Arkema, Mitsubishi Plastics, Inc., Huntsman Corporation, BASF SE, Toray Industries, Inc., Natureworks LLC, Corbion NV, Dow Chemical Company, and Solvay SA, Braskem.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS
Porters Five Force’s analysis helps in analyzing the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and future scenario of the bioplastic composites market for injection molding from 2017 to 2023 to understand the prevailing opportunities and potential investment pockets.
Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
An in-depth analysis of the current research & clinical developments within the market is provided along with the key dynamic factors.
The key drivers, restrains, and opportunities and their detailed impact analyses have been elucidated in the study.
The profiles of key players along with their key strategic developments have been enlisted in the report.
Key Market Segments
By Polymer
Natural Polymer
Polyhydroxyalkanoate (PHA)
Polylactic Acid (PLA)
Others
Synthetic Polymer
Epoxy
Polypropylene
Others
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By Fiber Type
Wood Fiber Composites
Hardwood
Softwood
Non-Wood Fiber Composites
Flax
Hemp
Jute
Others
By End-User Industry
Transportation
Electrical & Electronics
Building & Construction
Aerospace & Defense
Consumer Goods
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
France
Spain
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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