LONDON--(BUSINESS WIRE)--Growing environmental concerns have fueled the growth of the Global Biobased Polymers Market, which is now expected to post a CAGR of 11.03 percent from 2015-2019, says research firm TechNavio.
In addition, stringent regulations promoting the use of environment-friendly and sustainable materials, as well as growing consumer preference for green products are propelling growth in this market.
About the Report
The latest report by TechNavio emphasizes rising demand from retailers and changing consumer perceptions that have opened up tremendous growth opportunities for bio-based polymer manufacturers worldwide. Major market players are expanding their presence through joint ventures and acquisitions, which has created competitive advantages and brought about remarkable market growth.
“Industrial development, better access to feedstock, government support and favorable political conditions are attracting many companies to invest in Asia and South America,” says Faisal Ghaus, Vice President of TechNavio. “Vendors are also investing in the development of new products and product innovations so as to meet the increased demand for, and adoption of bio-based polymers.”
The development of new and innovative products is taking place in the textile, automotive, construction and packaging industries, in response to consumer demand for high-performance products.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2018
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Market Growth Drivers:
- Favorable Regulatory Outlook
- For a full detailed list, view our report.
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Market Challenges:
- Lack of Sophisticated Technology
- For a full detailed list, view our report.
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Market Trends:
- Expansion of Market
- For a full detailed list, view our report.
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Key Vendors:
- Amyris
- BioAmber
- Braskem
- NatureWorks
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Other Prominent Vendors:
- Aemetis
- BASF
- Cargill
- DSM
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the polymers market:
If you are interested in more information, please contact our media team at media@technavio.com.
