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The biopolymers market size is forecast to increase by USD 17.11 billion at a CAGR of 10.52% between 2023 and 2028. The market is experiencing significant growth due to various driving factors. One key factor is the rising concern for the carbon footprint of petroleum-based plastics, leading to an increasing demand for eco-friendly alternatives. The automotive sector and medical sector are major contributors to this trend, as they seek sustainable solutions for manufacturing and packaging. The bottle segment is also witnessing a shift towards biopolymers, as consumers show preference for products with minimal environmental impact. However, the market growth is challenged by the volatility in crude oil prices and the cost-effectiveness of conventional plastics. Despite these hurdles, the market is expected to grow steadily due to the long-term benefits of biopolymers in reducing carbon emissions and promoting sustainability.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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