Title: Bio-based Polyethylene Market growth outlook with industry review and forecast 2019-2025
1Bio-based Polyethylene Market Growth Outlook with
Industry Review and Forecast 2019-2025
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2 Global Market Scenario of Bio-based Polyethylene
Industry
- The bio-based polyethylene market is likely to
grow due to rising usage of bio-based plastic
products in various end-user industries. - Bio-based polyethylene (PE), also known as
renewable polyethylene, is derived from various
feedstocks such as wheat grain, sugar beet, sugar
cane, starch crop, plant wastes, etc. These
products possess similar physical, mechanical and
chemical characteristics as standard
polyethylene. - Bio-based polyethylene are likely to replace
standard PE in major applications of engineering,
packaging, agriculture, etc. due to their unique
properties. For instance, agriculture industry
may utilize these products for making silage wrap
and mulch films in coming years due to its
benefits such as ease of processing, durability,
flexibility and cost effectiveness. Growing
bioplastic demand in the end-user industries are
likely to drive the industry growth in the
forecast time period. - Another key growth driving factor is shifting
focus towards sustainable packaging products in
the major countries. Major government bodies
including the U.S. - Environmental Protection Agency and European
Commission are implementing stringent regulations
to lower the GHG emission, which will further
increase the bio-based plastic products usage.
Further, uncertainty and limited availability of
crude oil will further force polymer producers to
develop bio-based plastic products. These trends
are likely to boost the renewable polyethylene
demand in the coming years.
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3- Regional Trends-
- North America is likely to have significant
renewable polyethylene demand in the coming years
due to presence of stringent government
regulations related to plastic products. Major
regulatory bodies including Code of Federal
Regulations and Food Drug Administrations have
provided norms for plastic usage in the packaging
of food beverages items. - Europe will be a key region in the bio-based
polyethylene market throughout the forecast time
period. In this region, major manufacturers are
shifting towards bio-based plastic production due
to presence of strict government regulations
which are aimed at low carbon footprint, which
will accelerate the industry growth in the
future.
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5- Competitive Trends
- Some of the key players of bio-based polyethylene
market consists of LyondellBasell, Braskem, Avery
Dennison, Sealed Air, SABIC, Plantic Technologies
Ltd., The Dow Chemical Company, Neste, Sojitz
Corporation, etc.
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