Summary
Bio-polymers market in Europe-Segmented by Product Type , By Application Industry , and Geography- Trends and Forecasts ( 2017-2022 )
Description
The bio-polymers market in Europe has been estimated at USD XX . XX billion in 2015 and is projected to reach USD XX . XX billion by 2020 , at a CAGR of XX . XX % during the forecast period . Bio-polymers are polymers which are produced from living organism . They contain properties such as biodegradability , biocompatibility , and are non-toxic in nature . These polymers are attracting a significant commercial interest owing as they are produced by the chemical polymerisation of naturally occurring monomers .
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Bio-polymers can be used for various applications such as pharmaceutical , packaging , electronics , textiles , automotive , and others . Bio-polymers are extensively used in the pharmaceutical applications , accounting for a share of XX . XX % in 2015 . The report is also segmented based on the product type into bio-PET , bio-PLA , bio-PE , and others . Bio-PET is the largest segment in terms of revenue and the fastest growing segment in the bio-polymer market accounting for a share of XX . XX % in 2015 .
Market Dynamics of the Bio-polymers market in Europe : Drivers :
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Depleting natural resources Demand from end-user industries Stringent government regulations
Place a Purchase Order for this Report at : http :// www . orbisresearch . com / contact / purchase / 218015 . Restraints :
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Shortage of raw material Huge competition from fossil-fuel products
Germany is the leading consumer of bio-polymers in 2015 accounting for a share of XX %. The biopolymers market in Europe will grow at a high rate during the forecast period owing to the industrial expansion across the region . The market will grow at a healthy pace during the forecast period .
Furthermore , the shifting focus towards eco-friendly products will offer numerous opportunities for the growth of the bio-polymers market . www . orbisresearch . com ; + 1 ( 214 ) 884-6817 ; + 9120-64101019