Overview:

By the year 2025, Global Biopolymers Market is expected to reach USD xx Million at a CAGR of XX%.

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Biopolymers are polymers which are produced from biomass, and bio-degrade with the action of heat, micro-organisms, and moisture. They contain monomeric units, which covalently bond to form larger structures. Based on the structure, the biopolymer and monomeric units are divided into three groups namely polynucleotides (RNA and DNA), polypeptides and polysaccharides. Biopolymers are renewable, sustainable, carbon neutral, biodegradable, and compostable. Biopolymers are used in various applications like films, bottles, fibers, seed coating, vehicle components, medical implants, and others. Governments are encouraging the use of biodegradable polymers over conventional polymers to reduce carbon dioxide levels across the globe.

Underlying Causes

The Global Biopolymers Market is mainly driven due to the factors like fluctuation in crude oil prices, limited availability of petroleum resources, awareness towards ecological problems, changing environmental regulations on carbon emissions, increasing use of plastic across the globe, increased technological developments, research in the medical industry, growing awareness towards bio-polymers among the global population, and increasing adoption of biopolymers in the packaging industry. However, huge investments for R&D activities are affecting the market growth for Global Biopolymers Market during the forecast period.

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Geographic Segmentation:

Based on geography, North America holds the largest market share in the global biopolymer market followed by Europe due to increasing number of industries, growing investments and increasing demand for biopolymer products in the region. The Asia Pacific is anticipated to witness high growth rate in the biopolymers market during the forecast period.

Key Players:

Leading companies for Global Biopolymers Market are BASF SE, E.l.du Pont de Nemours and Company, FMC Biopolymer A.S., Plantic Technologies Ltd., Archer Daniels Midland Company, NatureWorks LLC, Novamont SpA, Danimer Scientific, Total Corbion, and Galatea Bio Tech.

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