Bioplastics Market | How The Industry Will Witness of massive Growth In The Upcoming Years 2020-2027

The report titled “Bioplastics Market: Size, Trends and Forecasts (2020-2027)”, delivers an in-depth analysis of the Bioplastics market by value, by production capacity, by companies, by applications, by segments, by region, etc.

The report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the Bioplastics industry. Growth of the overall Bioplastics market has also been forecasted for the period 2020-2027, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.

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The Major Players Profiled in this Report include

BASF SE, Braskem S.A., Koninklijke DSM N.V., Arkema S.A., Innovia Films, Ltd., Metabolix, Inc., NatureWorks, LLC, Novamont S.p.A., The Dow Chemical Company, and Total Corbion PLA

Impact of COVID-19:

Bioplastics Market report analyses the impact of Coronavirus (COVID-19) on the Bioplastics industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; emergency declared in many countries; massive slowing of the supply chain; stock market unpredictability; falling business assurance, growing panic among the population, and uncertainty about future.The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Bioplastics market in 2020.

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Market Opportunities

Increasing investment in the bioplastic for boosting production is expected to provide lucrative opportunities to the market. For instance, in January 2020, Stora Enso announced that it is investing US$ 10 million to build an experimental plant for enabling the production of bio-based plastics as a barrier in transparent packaging. The new plant will transform plant-based sugars into the renewable building block that is essential to make PEF, a biobased plastic, mainly targeting the food and beverage market.

Increasing ban on single-use plastic especially across Europe and North America is projected to serve major growth opportunities in the near future. For instance, in March 2019, the European Council has approved a law to ban single-use plastic by 2021. The ‘Single-Use Plastics Directive’ puts in place more responsibility for plastic producers and new recycling targets for EU member States. The law also requires plastic bottles to contain at least 30% recycled content by 2030 and 25% recycled content by 2025.

Key Questions answered in the Report:

What is the size of the overall Bioplastics market and its segments?
What is the Bioplastics market size at the regional and country-level?
Who are the key market players and their key competitors?
Market value- chain and key trends impacting every node with reference to companies
What are the strategies for growth adopted by the key players in Bioplastics market?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities and challenges of the Bioplastics market and how they are expected to impact the market?
What are the attractive investment opportunities within the Market?
How does a particular company rank against its competitors with respect to revenue, profit comparison, operational efficiency, cost competitiveness and market capitalization?
How financially strong are the key players in Bioplastics market (revenue and profit margin, market capitalization, expenditure analysis, investment analysis)?
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