Global Bio-Based Resins Market Segmented by Product Type, End-User Industry and Region - Analysis, Growth, Trends & Forecasts 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Bio-Based Resins Market - Segmented by Product Type, End-User Industry and Region - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The bio-based resins market is expected to witness a strong CAGR of approximately 16.23% during the forecast period, 2018-2023.

Growing consumer interest toward eco-friendly packaging materials is expected to drive the market during the forecast period. Factors, such as rising sales of green products (as they offer functional benefits), and need for sustainable manufacturing process, are expected to stimulate the demand for bio packaging materials made by bio resins. Also, these growing consumer preference for eco-friendly packaging is resulting in shifting interest among plastic manufacturers toward bio resin-based products, thereby driving the market.

The global bio-based resins market is segmented based on product type and end-user industry. Based on product type, non-biodegradable type accounts for the largest share and is expected to grow at a good rate in response to growing importance of sustainable packaging in countries, such as China and India. The various types of non-biodegradable bio-based resins include bio-polyethylene terephthalate, bio-polyol and polyurethane, bio-polyamides, bio-polytrimethylene terephthalate. Bio-based polyethylene terephthalate (PET) is increasingly used in the manufacture of bottles, thereby fuelling the market's growth.

Europe accounts for the largest market share and is expected to retain the largest share during the forecast period as well. This is because of increasing penetration of compostable bio-based waste bags and loose filled packaging materials. Government subsidies in promoting biodegradable resins is expected to fuel the market growth. In addition, growing research in this field, like the ECOXY, which aims at developing bio-based resins and fiber reinforcements to produce new sustainable thermoset composites for the demanding construction and automotive sectors, is also expected to augment the demand

Companies Mentioned

  • DuPont Tate and Lyle
  • Wageningen UR
  • Archer Daniels Midland
  • John Deere
  • Braskem
  • Metabolix
  • Cereplast
  • Dow Chemical
  • BASF
  • Cargill Nature Works
  • Ashland Performance Materials
  • Kemwerke
  • Nature Composites
  • Agri- Fibers Inc.
  • Absecon Mills
  • Etech Surf

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

10. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/pw9jh9/global_biobased?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Plastic Resins

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Plastic Resins