Biopolymers Market Set to Grow Exponentially During the Forecast, 2027
which are used in the electronics and automotive industries.
Governments are encouraging the use of biodegradable polymers over conventional polymers so as to reduce carbon footprint.
Some major automotive companies are now opting for biopolymers in their vehicles; for instance, the Ford Motor Company is using biopolymers for interior applications.
Changing political conditions and environmental regulations on carbon emissions and plastic usage are also forecasted to boost the global biopolymers market over the forecast period.
Despite being a niche market, the biopolymers market is expected to witness significant growth over the forecast period.
Thus biopolymer production can prove to be a sustainable alternative in waste management.
Owing to these advantages, there is a mushrooming interest in biopolymer manufacturing which will consequently drive the growth of the global biopolymers market over the forecast period.
This could manifest as a major challenge for the global biopolymers market during the forecast period.
This region is estimated to witness significant growth during the forecast period.
This is mainly attributed to rapid industrialization and the need to curb pollution from manmade plastics and synthetic polymers in these regions.