Additional InformationPress Release
TechNavio Announces the Publication of its Research Report – Global Bioplastics Market 2014-2018
TechNavio recognizes the following companies as the key players in the Global Bioplastics Market: Arkema SA, BASF SE, NatureWorks, Novamont SpA and Plantic Technologies Ltd.
Other Prominent Vendors in the market are: BioMatera, Dow Chemical, EBM Biodegradable Materials, FKuR Kunststoff, Metabolix, Mitsubishi Chemical Holdings, Perstorp, PHB Industrial, Solvay, Sphere and Zhejiang Hangzhou Xinfu Pharmaceutical.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends observed in the market is the presence of an alternative production technology. Market vendors are heavily investing in the use of algae for bioplastics production. The composition of algae contains a significant amount of oil, which helps in developing bioplastics. Several companies have adopted the use of algae as raw materials to manufacture bioplastics because of its wide availability.”
According to the report, the availability of a wide variety of feedstock for bioplastics is one of the major factors driving the market. The introduction of various renewable sources such as vegetable fat, vegetable oil, microbiota, and pea starch has widened the range of feedstock available for the production of bioplastics.
Further, the report states that the increase in the cost of production is one key challenge that the market faces. High installation costs and expensive feedstock increase the cost of production. Many vendors have incurred losses because of the non-competitive production cost of bioplastics.
Arkema,BASF,NatureWorks,Novamont,Plantic Technologies,BioMatera,Dow Chemical,EBM Biodegradable Materials,FKuR Kunststoff,Metabolix,Mitsubishi Chemical Holdings ,Perstorp,PHB Industrial,Solvay,Sphere,Zhejiang Hangzhou Xinfu Pharmaceutical
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