Bioplastic Composites Market 2021 Growth, Share, Product Types and Application, Price, Business Overview, SWOT Analysis 2030

In a recent published report, Kenneth Research has updated the market report for Bioplastic Composites Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Bioplastic Composites Market products.

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Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.

A report on Bioplastic Composites Market has recently been added into the market research report database of Kenneth Research, which provides a full assessment to its readers on the growth prospects of the market, along with the potential business opportunities in the industry. The study, which focuses on the latest trends, business dynamics, growth opportunities and drivers that are influencing the market growth, also includes the market size and the compounded average growth rate (CAGR) for the forecast period 2021 and 2025. The report on Bioplastic Composites Market also includes comprehensive analysis on both the macro- and micro-environmental factors that may influence the market growth during the forecast period. Additionally, analytical tools such as PESTEL analysis and Porter’s five forces analysis are used to calculate and compile the factors that are acting as the driving force for the growth of the market.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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Global Bioplastic Composites Industry was valued at USD 21,340 Million in the year 2018. Global Bioplastic Composites Industry is further estimated to grow at a CAGR of 11.23% from 2019 to reach USD 44,980 Million by the year 2025.

In the Global Bioplastic Composites Industry, by region Asia Pacific region holds the highest Industry share in 2018 and is also Industry is considered as the fastest growing Industry in the forecasted period owing to their Industry demands. At the country level, China and India in Asia-Pacific are projected to grow strongly in the coming years owing to rise in consumer awareness about the use of bioplastic.

Major market players in Bioplastic Composites Industry are Arkema S.A., Mitsubishi Plastics Inc., Dow Chemical Company, Huntsman Corporation, BASF SE, Toray Industries Inc., Natureworks LLC, Braskem, Corbion NV, Solvay SA, and 9 more companies information is provided in the report.

The segmentation is done on the basis of polymer, fiber type, end-user industry, and by region. On the basis of Polymer type, the Natural Polymer segment is expected to hold the highest Industry share during the forecast period. In the Global Bioplastic Industry, the segmentation done on the basis of fiber type Wood Fiber Composites segment is expected to hold the highest Industry share during the forecast period.

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SWOT analysis of Bioplastic Composites Industry
Increase in consumer acceptance
Favorable government policies
Changing government regulations and norms.
Growth in corporate social responsibility (CSR)
High Cost and restriction on the use of raw material

Bioplastic Composites Industry Segmentation
Bioplastic Composites Industry Overview, By Polymer
• Natural Polymer
• Polyhydroxyalkanoate (PHA)
• Polylactic Acid (PLA)
• Others
• Synthetic Polymer
• Epoxy
• Polypropylene
• Others

Bioplastic Composites Industry Overview, By Fiber Type
• Wood Fiber Composites
• Hardwood
• Softwood
• Non-Wood Fiber Composites
• Flax
• Hemp
• Jute
• Others

Bioplastic Composites Industry Overview, By End-user Industry
• Transportation
• Electrical & Electronics
• Building & Construction
• Aerospace & Defense
• Consumer Goods
• Others

Bioplastic Composites Industry Overview, By Region
North America 
• Canada 
• Germany 
• U.K. 
• France 
• Italy 
• Rest of Europe 
• China 
• India 
• Japan 
• Rest of Asia-Pacific 
• Latin America
• Middle East & Africa 

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 About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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