Published Date: 2020-03-02 | Pages: 116 | Tables: 143 | Report ID: 7698 | Industry: Chemical & Material | Format :
Nowadays, plastics are deployed for multiple applications on account of their versatility and ability to be manufactured on a large scale. However, they do not decompose naturally and cause various environmental problems. As per National Geographic, plastic packaging makes up almost half of all plastic waste produced across the world, and out of it, only less than one-fifth is recycled. In order to lower the ecological problems related to plastic recycling, manufacturers have developed various biodegradable and biocompatible copolyesters.
Green Packaging Trend to Play a Significant Role in Market Growth
Growing trend of green packaging is opening doors for the Biodegradable Copolyesters market. Additionally, manufacturers are involved in research and development and are exploring new synthetic routes to reduce the cost of biodegradable materials, while maintaining the required physical properties. This will eventually offer a boost to the overall Biodegradable Copolyesters market growth.
Increasing application of Biodegradable Copolyesters in the healthcare space is also likely to emerge as a key factor driving the Biodegradable Copolyesters market. Strict government regulations to restrict the usage of non-biodegradable plastic polybag may induce the demand for Biodegradable Copolyesters.
● Plastic Bags
● Loose Packing Material Packaging
● Pharmaceutical Packaging
● Paper Coated
● Other Materials
The analysts have predicted that the demand for PBS may witness an upsurge on the back of its exceptional biodegradability and high biomass utilization efficiency. The usage of Biodegradable Copolyesters is increasing in the manufacturing of plastic bags owing to growing need to reduce the environmental impact of plastic waste.
North America is a key region in the global Biodegradable Copolyesters market due to increasing focus on the manufacturing of biodegradable materials, which is attributed to growing concerns over waste disposal. Manufacturers in this region are also taking efforts to find packaging applications for these materials, which is positively influencing the growth of the market.
The report encompasses detailed profiling of the key manufacturers of Biodegradable Copolyesters including Eastman, BASF, Showa Denko, Mitsubishi Chemical, DowDuPont, Kingfa, Meredian, Biomer, Tianjin GreenBio Materials, Metabolix, Ecomann, Anqing Hexing, Yifan Xinfu Pharmaceutical, and SJBRT Chemical.
● Manufacturers are introducing novel sustainable packaging solutions to address the plastic waste problem across the globe. For instance, in 2019, Eastman launched new products including Cristal EV600™ copolyesters and Eastman Trva™ engineering bioplastic. These products are known for their better performance and less environmental impact.
● Moreover, companies are carrying out various activities, like marketing campaigns, to strengthen their presence in the Biodegradable Copolyesters market. For instance, in 2019, one of the key companies, BASF launched marketing campaign for Ecovio, which is a certified soil-biodegradable plastic for mulch films, fruit and vegetable bags.
The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.
Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.
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