Contributing 30% of global demand North America is biggest market of biopolymers

10-Sep-14

North America is the world's largest market of biopolymers, which consumed more than one-third of the total demand. U.S is the key consumer of biopolymers in North America. Packaging, bottling, fibers, and automotive are the application segments driving the demand for PLA, bio-PE, and bio-PET which in turn is pushing the demand for biopolymers within the region, as per MarketsandMarkets. The growing concern for human health and safety in the region has also led to increased consumption of biopolymers. The biopolymers market is also up surging due to high penetration of material in industries like packaging and automotive which have further helped the biopolymers market to emerge in the region. Various innovations, developments, and expansions in different industries have in turn made the region a potential growth market for biopolymers and its products. There are few global players in biopolymers market of which top players dominate the market. North America is the biggest biopolymers market; whereas, Asia-Pacific is one of the fastest growing biopolymer markets. Various market players have invested in research & development and expansion of their facilities so as to improve quality and reduce the cost of products. NatureWorks LLC (U.S), Braskem S.A. (Brazil), Metabolix Inc. (U.S), Meredian Inc. (U.S), Novamont S.p.A (Italy), also is the most active players between 2009 and 2013. In terms of market activities, NatureWorks LLC, Metabolix Inc, , Braskem S.A., and Cereplast Inc., together held the top shares in the number of strategic initiatives implemented between 2009 and 2013, with a share of 62% of the total development activities.