NEW YORK , Oct. 18, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The Global Biopolymers Market size is estimated to grow by USD 17.11 trillion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of about 10.52% during the forecast period. Volatility in crude oil prices is driving market growth, with a trend towards increasing preference for eco-friendly packaging .
However, cost-effectiveness of conventional plastics over biopolymers poses a challenge - Key market players include Archer Daniels Midland Co., Arkema Group., BASF SE, Biome Technologies plc, Braskem SA, Danimer Scientific Inc.
, DuPont de Nemours Inc., Eastman Chemical Co., Evonik Industries AG, Galatea Bio Tech Srl, KURARAY Co.
Ltd., Merck KGaA, Mitsubishi Chemical Corp., NatureWorks LLC, Novamont S.
p.A., Rodenburg Biopolymers B.
V., Solanyl Biopolymers Inc., Toray Industries Inc.
, TotalEnergies Corbion bv, and Yield10 Bioscience Inc. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Type (PLA, Bio-PE, Bio-PET, PHA, and Others), End-user (Packaging and food services sector, Agriculture and horticulture, Consumer goods, Automotive, and Others), and Geography (Europe, North America, APAC, Middle East and Africa, and South America) Region Covered Europe, North Ame.