Furthermore, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risks and a detailed discussion of the current and future market trends associated with the growth of the market.
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Rising packaging waste around the world is fueling the adoption of eco-friendly materials for food packaging by restaurant chains, driving demand for bio-based polymers. For example, in the United States, of the millions of tons of solid waste produced, over 60% is derived from packaging materials. This is a key factor driving the growth of the global bio-based polymers market which is estimated to reach around US$10 billion in revenue by 2031 by growing at a CAGR of almost 5% during the forecast period i.e. 2022 – 2031.

The global market is segmented into textile, automotive, industrial, agricultural, packaging, and others by application. Among these segments, the packaging segment is expected to hold the largest share during the forecast period due to the polymers having excellent clarity and gloss, resistance to food fats/oils and flavor barrier.

Geographically, the market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, it is estimated that the market in the Europe region will witness significant growth during the forecast period. The factors driving the market growth in the region are the increasing production of bioplastics which is increasing. Demand for small packaging and growing consumption habits with lifestyle changes. By 2023, Europe is expected to hold nearly 27% of global bioplastics production capacity.

The research is global in nature and includes detailed analyzes of the market in North America (USA, Canada), Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands and Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia- Pacific Rim), Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). Furthermore, Analysis of Market Size, YOY Growth and Opportunity Analysis, Competitive Study of Market Players, Investment Opportunities, Increasing use of fruit and vegetable packaging in supermarkets and food safety awareness to fuel market growth

Increasing use of bioplastics in fruit and vegetable packaging in supermarkets, haversacks and bake boxes, bottles, envelopes and window boxes is driving demand for bio-based polymers. It is one of the key factors which are expected to drive the growth of the market over the forecast period. In addition, increasing awareness of food safety for beverages, snack consumption and other foods is expected to provide further impetus. market growth in the coming years.
However, high prices associated with the production of bio-based polymers and lack of knowledge in underdeveloped countries are hampering the market growth. Furthermore, the higher price of bio-based polymers compared to petroleum-based polymers is expected to be a major constraint on the growth of the global bio-based polymers market during the forecast period.

This report also includes the existing competitive scenario of some of the major players of the global bio-based polymers market including the company profiling of BASF SE, Bioplastech Ltd., Arkema, Corbion, Mitsubishi Chemical Corporation, NatureWorks LLC, Covestro AG, TORAY INDUSTRIES, INC., Novamont SpA , KURARAY CO., LTD. and others. Profiling includes key company information, which includes a business overview, products and services, key financial data, and breaking news and developments. Overall, the report provides a detailed overview of the global bio-based polymers market, the industry consultants, equipment makers, existing players looking for expansion opportunities, new players looking for opportunities,

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