Global Bio-based Resins Market 2019 Sales Data with Industry Analysis, Trend, Forecast to 2024
The report “Bio-based Resins Market” analyzes the Market status, Market share, growth rate, future trends, Market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
(EMAILWIRE.COM, June 25, 2019 ) The bio-based resins market is expected to grow at a CAGR of around 16.38% during the forecast period of 2019 – 2024. The major factors driving the growth of market studied are the increasing demand for packaging sector from eco-friendly products, and government regulations on synthetic resins. On the flipside, the need for change in cost structure is one of the major stumbling blocks in growth of the studied market.
- Packaging segment dominated the market in 2018 and is likely to grow during the forecast period, owing to the growing environment concerns related to the disposal of packaging materials, and need for eco-friendly packaging.
- The availability of cheaper alternatives is likely to provide opportunities for the studied market during the forecast period.
- Europe dominated the market across the globe, with the growing stringent regulations related to the petroleum-based resins.
Request a sample of Bio-based Resins Market report @ http://www.arcognizance.com/enquiry-sample/453922
Key Market Trends
Flexible Packaging Segment to Dominate the Market Demand
- Bioplastics made from bio-based resins provide the packaging industry, with a renewable sustainable option for a variety of uses. Within packaging, rigid packaging accounts for the larger share of the market.
- This is because it is used in a large variety of products, including bottles, jars, canisters, cups, buckets, containers, trays, and clamshells.
- A majority of bio-based rigid packaging products are made of bio-based non-biodegradable PE and PET. Additionally, PLA, PBS and PHA plastics can also offer an add-on functionality of biodegradability to rigid packaging applications.
- For instance, bio-PLA’s application in flexible packaging offer properties, such as high clarity, stiffness, and excellent printability. These properties make it highly suitable for applications in flexible packaging films made from bio-PLA resin.
- The growing food & beverage companies, and innovation in packaging industry, has been driving the growth of flexible packaging market, owing to light weight, comparatively lower cost than rigid packaging, and ease in changing the packaging sizes.
- Regions, such as North America and Europe has stringent regulations which regulates the packaging industry, in order to avoid use of harmful materials in packaging. Owing to this, the use of bio-based materials have been increasing in the packaging industry in these regions.
- Besides in Asia-Pacific region, flexible packaging industry has been witnessing strong growth due to the robust growth of e-retail, growing manufacturing sector, and increased adoption of flexible packaging due to its lightweight.
- In addition, Asia-Pacific has been facing severe issues related to the disposal of petroleum-based non-biodegradable packaging materials, which is further leading to shift towards eco-friendly raw materials, such as bio-based resins for application in packaging industry.
- Hence, all such factors are likely to drive the growth of bio-based resins demand from the flexible packaging market during the forecast period.
Europe Region to Dominate the Market
- Europe region dominated the global market share in 2018. The growth of bio-based resins market is expected to be driven by the growing demand from industries, such as packaging, electronics, consumer goods, agriculture, etc.
- Germany is expected to lead the market demand for bio-based resins owing to the growing application and demand from various end-user industries.
- The packaging industry in Germany has been growing at a rapid pace, owing to the huge increases in domestic e-commerce and rising foreign exports. In addition, the increasing preference for packaged food and beverages has also led to the growth of the packaging industry. Hence, the positive development in the packaging industry is expected to contribute to the demand for bio-based resins market.
- The German electronic industry is Europe’s biggest of its kind, and the fifth-largest, worldwide. The electrical and electronics industry accounted for about 11% of the total German industrial production. Besides, electronic production is also expected to increase in countries such as United Kingdom, France, and Italy, which is likely to add to the demand for bio-based resins market.
- Bio-based resins also find application in construction industry in the region. However, the usage is very less as compared to other industries, but it is expected to gain momentum gradually. In countries, such as Germany, United Kingdom, and Spain, the construction sector has been witnessing growth due to rising residential construction and government spending on infrastructure development, which is further expected to drive the demand for bio-based resins market in the coming years in the region.
- Hence, all such market trends are expected to drive the demand for bio-based resins market in the region during the forecast period.
Access this report of Bio-based Resins Market @ http://arcognizance.com/report/bio-based-resins-market-growth-trends-and-forecast-2019-2024
Competitive Landscape
The bio-based resins market is a fragmented market, where numerous players hold an insignificant share of the market to affect the market dynamics individually. Some of the noticeable players in the market include Ashland Performance Materials, BASF SE, Braskem, Arkema, and DowDuPont, amongst others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Buy The Report @ http://www.arcognizance.com/purchase/453922
Major Point of TOC:
Chapter One: INTRODUCTION
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
Chapter Five: MARKET SEGMENTATION
Chapter Six: Competitive Landscape
Chapter Seven: MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Awareness of Sugarcane Polythene Benefits in Comparison to Oil-based Polythene
7.2 Government Regulations on Petroleum Resin Products
Request a sample of Bio-based Resins Market report @ http://www.arcognizance.com/enquiry-sample/453922
About Us:
www.arcognizance.com is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics""based on the data collection facilities of big data, the face of ""business research facilities"" has changed drastically. With ARC our experts have created a bookshelf where you can check out the research reports that are an outcome of the progression of knowledge in various industry sectors. Alongside you can also check some research papers, market reports, and forecasts that are talking about the ""out of the box""developments in the market.
Contact US:
Name: Analytical research cognizance
Address: 100 Church Street,
8th floor, Manhattan,
New York 10007
Phone: +1 (646) 434-7969 +91 90967 44448
Email: enquiry@arcognizance.com
- Packaging segment dominated the market in 2018 and is likely to grow during the forecast period, owing to the growing environment concerns related to the disposal of packaging materials, and need for eco-friendly packaging.
- The availability of cheaper alternatives is likely to provide opportunities for the studied market during the forecast period.
- Europe dominated the market across the globe, with the growing stringent regulations related to the petroleum-based resins.
Request a sample of Bio-based Resins Market report @ http://www.arcognizance.com/enquiry-sample/453922
Key Market Trends
Flexible Packaging Segment to Dominate the Market Demand
- Bioplastics made from bio-based resins provide the packaging industry, with a renewable sustainable option for a variety of uses. Within packaging, rigid packaging accounts for the larger share of the market.
- This is because it is used in a large variety of products, including bottles, jars, canisters, cups, buckets, containers, trays, and clamshells.
- A majority of bio-based rigid packaging products are made of bio-based non-biodegradable PE and PET. Additionally, PLA, PBS and PHA plastics can also offer an add-on functionality of biodegradability to rigid packaging applications.
- For instance, bio-PLA’s application in flexible packaging offer properties, such as high clarity, stiffness, and excellent printability. These properties make it highly suitable for applications in flexible packaging films made from bio-PLA resin.
- The growing food & beverage companies, and innovation in packaging industry, has been driving the growth of flexible packaging market, owing to light weight, comparatively lower cost than rigid packaging, and ease in changing the packaging sizes.
- Regions, such as North America and Europe has stringent regulations which regulates the packaging industry, in order to avoid use of harmful materials in packaging. Owing to this, the use of bio-based materials have been increasing in the packaging industry in these regions.
- Besides in Asia-Pacific region, flexible packaging industry has been witnessing strong growth due to the robust growth of e-retail, growing manufacturing sector, and increased adoption of flexible packaging due to its lightweight.
- In addition, Asia-Pacific has been facing severe issues related to the disposal of petroleum-based non-biodegradable packaging materials, which is further leading to shift towards eco-friendly raw materials, such as bio-based resins for application in packaging industry.
- Hence, all such factors are likely to drive the growth of bio-based resins demand from the flexible packaging market during the forecast period.
Europe Region to Dominate the Market
- Europe region dominated the global market share in 2018. The growth of bio-based resins market is expected to be driven by the growing demand from industries, such as packaging, electronics, consumer goods, agriculture, etc.
- Germany is expected to lead the market demand for bio-based resins owing to the growing application and demand from various end-user industries.
- The packaging industry in Germany has been growing at a rapid pace, owing to the huge increases in domestic e-commerce and rising foreign exports. In addition, the increasing preference for packaged food and beverages has also led to the growth of the packaging industry. Hence, the positive development in the packaging industry is expected to contribute to the demand for bio-based resins market.
- The German electronic industry is Europe’s biggest of its kind, and the fifth-largest, worldwide. The electrical and electronics industry accounted for about 11% of the total German industrial production. Besides, electronic production is also expected to increase in countries such as United Kingdom, France, and Italy, which is likely to add to the demand for bio-based resins market.
- Bio-based resins also find application in construction industry in the region. However, the usage is very less as compared to other industries, but it is expected to gain momentum gradually. In countries, such as Germany, United Kingdom, and Spain, the construction sector has been witnessing growth due to rising residential construction and government spending on infrastructure development, which is further expected to drive the demand for bio-based resins market in the coming years in the region.
- Hence, all such market trends are expected to drive the demand for bio-based resins market in the region during the forecast period.
Access this report of Bio-based Resins Market @ http://arcognizance.com/report/bio-based-resins-market-growth-trends-and-forecast-2019-2024
Competitive Landscape
The bio-based resins market is a fragmented market, where numerous players hold an insignificant share of the market to affect the market dynamics individually. Some of the noticeable players in the market include Ashland Performance Materials, BASF SE, Braskem, Arkema, and DowDuPont, amongst others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Buy The Report @ http://www.arcognizance.com/purchase/453922
Major Point of TOC:
Chapter One: INTRODUCTION
Chapter Two: RESEARCH METHODOLOGY
Chapter Three: EXECUTIVE SUMMARY
Chapter Four: MARKET DYNAMICS
Chapter Five: MARKET SEGMENTATION
Chapter Six: Competitive Landscape
Chapter Seven: MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Awareness of Sugarcane Polythene Benefits in Comparison to Oil-based Polythene
7.2 Government Regulations on Petroleum Resin Products
Request a sample of Bio-based Resins Market report @ http://www.arcognizance.com/enquiry-sample/453922
About Us:
www.arcognizance.com is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations. We have created this hub of analytical research papers where you can get an access to the latest and the best research papers coming out from some reliable and budding research houses. After the advent of “new analytics""based on the data collection facilities of big data, the face of ""business research facilities"" has changed drastically. With ARC our experts have created a bookshelf where you can check out the research reports that are an outcome of the progression of knowledge in various industry sectors. Alongside you can also check some research papers, market reports, and forecasts that are talking about the ""out of the box""developments in the market.
Contact US:
Name: Analytical research cognizance
Address: 100 Church Street,
8th floor, Manhattan,
New York 10007
Phone: +1 (646) 434-7969 +91 90967 44448
Email: enquiry@arcognizance.com
Contact Information:
Analytical Research Cognizance
Avanti dengale
Tel: 16464347969
Email us
----
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Analytical Research Cognizance
Avanti dengale
Tel: 16464347969
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results