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A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines
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Leading participants in the global bioplastics market are developing high-performance and sustainable products from bio-based derivatives. As more and more companies focus on reducing their dependence on crude oil and reducing the amount of waste in landfills and oceans, end-user industries are seeking cost-effective bio-based alternatives for packaging, cosmetic ingredients, and other uses. Governments and industry organizations are influencing the transition with standards or regulations either encouraging or mandating the use of environmentally friendly bio-based products. Consumers also are demanding greener and safer products. There are challenges in the industry, however. Concerns about the supply of raw materials, difficulties in persuading investors to fund research and development initiatives, and higher prices of bio-based materials have restrained growth. Bioplastics are either biodegradable or non-biodegradable. Non-biodegradable polymers had a 56.8% share of the market in 2018. They have a chemical similarity to their synthetic counterparts: some are easy to drop into the existing value chain, so it is easier to persuade customers to use them in their production processes. Polylactic acid (PLA), poly-hydroxy-alkanoate (PHA), and starch blends are biodegradable and compostable. PLA offers transparency, gloss, stiffness, printability, and processability, and is an excellent aroma barrier—all of which are common demands in packaging. Frost & Sullivan estimated the 2024 opportunity size of global bioplastics market to be $20.48 billion.For this research, Frost & Sullivan used a unique and robust platform called Frost Radar to analyze the market and identify Companies to Action (C2A) based on their growth indicators and recent innovations and growth strategies. Companies that are positioned in the Radar are Braskem, Corbion, Novamont, NatureWorks, BASF, DuPont, Arkema, and DSM.The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes number of companies (across all tiers of competition) in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.Author: Soundarya Gowrishankar
Analysis of the Global Flexible Plastic Packaging Market, Forecast to 2023
Analysis of Global Mining Chemicals Market, Forecast to 2025
Innovations in Plastics, 3D Printing, Metals, 2D Materials, Alternative Energy, and Membranes
Innovations in Food Pathogen Detection, Biomaterials, and Waste-to-energy
Innovations in Bideodegradeable Polymers, 2D Materials, Microchips, Lithium-ion Batteries, and Nano-lasers
Global Analysis of the Plasticizers Market, Forecast to 2025
Leveraging Artificial Intelligence for Materials Design and Production
Augmented Analytics: Future of Business Intelligence
Innovations in Battery Coatings, Coating Additives, and Biodegradable Coatings
Innovations in Carbon Capture, Solar Panels, Sensors, Natural Fabrics, and Alternative Fuels
functional beverage market
functional food market
solar energy market
blood glucose monitoring market
consumer drone market
power electronics market
composite materials market
consumer electronics market
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