Biopolymers Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026Posted by aaryaa on April 2nd, 2019 Biopolymers, also known as polymeric biomolecules, are manufactured by processing the living organisms. Biopolymers are biodegradable chemical compounds and are considered as the most organic compound in the ecosphere. Biopolymers are produced either from living organisms such as proteins and carbohydrates, or renewable resources but require polymerization. It is used for various purposes such as cellulose-based biopolymers- cellophane are used as packaging material. Request For Sample Copy of this Research Report @ https://www.coherentmarketinsights.com/insight/request-sample/2508 Market Dynamics: Growing packaging industry is one of the major factors for growth of the global biopolymer market. Biopolymer based packaging material, which is originated from naturally renewable resources such as polysaccharides, proteins and lipids, have potential to replace synthetic plastics. Growing food-packaging industry is expected to boost demand for the global biopolymer market. According to a study of University of Sibiu, Romania in 2016, bio-plastic covers about 5-10% of the current plastic market. For instance, according to the report published by World Packaging Organization in 2017, the global packaging market was valued at US$ 820 billion in 2016, out of which food and beverage segments contributed 51% and 18%, respectively. Bio-polymer has wide range application in the construction industry, such as humic acid, lignite are applied for the water retention or dispersant and waxes, Bitumen, asphalt are used for coating or act as lubricant. For instance, according to report published by global construction perspectives and oxford economics in 2015, the global construction market is set to grow by US$ 8 trillion by 2030, and growing by an average annual rate of 3.9% by 2030 High prices of bio-plastic may be restrain for the growth of biopolymer market in the upcoming years. Market Outlook: Asia Pacific is expected to gain major traction in the biopolymer market during the forecast period, owning to rising demand for biopolymers in the packaging for food & beverages, drug industries. The biopolymer packaging is predominantly used in the food & beverage packaging. For instance, Ministry of Food Processing Industries and Government of India, the total consumption of the food and beverage segment was valued at US$ 369 billion and it is expected to reach to US$ 1.142 trillion by 2025. For More Information: https://www.coherentmarketinsights.com/ongoing-insight/biopolymers-market-2508h About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Biopolymers Market Outlook Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Like it? Share it! More by this author |