Bioplastics and Biopolymers Market : Global Forecast to 2021 Global Bioplastics and Biopolymers Market Forecast | Página 2

Product Type Analysis
The bioplastics & biopolymers market is segmented into Bio-PE, Bio-PET,
Regenerated Cellulose, and Poly Hydroxyalkanoates. In 2016, the Bio-PET
market is estimated to surge at the highest rate during the forecast period due
to its increased usage in the packaging industry. These have similar properties
to conventional PET. Bio-PET helps in the reduction of a product’s carbon
footprint and also helps in recycling. The properties of Bio-PET include durability,
flexibility, heat resistance, printability, and lower carbon content. This makes it
the best fit for numerous applications in sectors such as packaging, automotive,
consumer goods, textiles, and agriculture.
Application Analysis
The market has been segmented into packaging and bottles, agriculture,
automotive, and textiles. The packaging and bottles segment is projected to hold
the largest share in the bioplastics and biopolymers market during the forecast
period owing to its growing application in food, goods, cosmetics, and
pharmaceuticals packaging. Bioplastics are being used to manufacture various
products such as bags, agriculture foils, toys, textiles, overwraps, lamination
films, and disposable housewares, to name a few. The growing global
preference for bio-packaged products by consumers is a crucial factor fuelling
the growth of the packaging and bottles segment of the bioplastics and
biopolymers market.
Regional Analysis
The bioplastics and biopolymers market is dominated by the European region
followed by Asia-Pacific, North America, and the rest of the world. Europe holds
the largest market share in the global bioplastics & biopolymers market during
the forecast period. The growth of bioplastics & biopolymers market in the
European region is attributed to the stringent government policies and
regulations coupled with an increasing focus towards sustainable packaging.