Bioplastics & Biopolymers Market
expand the application area of bioplastics & biopolymers is anticipated to grow significantly in the coming years.
Global Bioplastics & Biopolymers Market: Segmentation
The global bioplastics & biopolymers market is categorized based on applications as agriculture, consumer products, packaging, automotive, bottles, and others. Based on the material type, the global market is fragmented as regenerated cellulose, bio-PE, starch blends, bio-PET, biodegradable polyester, PHA, and PLA. Of these, bio-PET is the leading material type segment in the global market. It is extensively used in the packaging and bottle application. Bio-PET manifests same properties as petroleum-based PET. It is an environment-friendly and recyclable product. Furthermore, the geographically, the global market is segmented as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Bioplastics & Biopolymers Market: Regional Analysis
Europe is anticipated to witness considerable market growth in the next few years owing to the vast distribution network for bioplastics & biopolymers. However, Italy and Germany are major consumers of bioplastics & biopolymers due to higher revenue in the last few years. In addition, stringent environmental regulations by the government may enhance the global bioplastics & biopolymers market. It shows immense potential growth in next few years as these regulations have influenced all industries to use bioplastics & biopolymers in order to cause less environmental hazards. Russia is anticipated to grow significantly due to increasing economic