Bio-Based Polymer Market Size, Trends, Opportunities, Innovations & Forecast till 2025
According to a new report published by KD market Insights, titled," Bio-Based Polymer Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global bio-based polymer market was valued at $6,395.5 million in 2017, and is projected to reach $9,905.9 million by 2025, growing at a CAGR of 5.3% from 2018 to 2025. The packaging application segment dominated the global market, accounting for a share of over 27% in 2017. The term bio-based implies that the material or product is partly or wholly derived from biomass (plants). Feedstocks used for bio-based polymers are derived from corn, sugarcane, vegetable oil, soy beans or cellulose, and others. Bio-based content is defined by the amount of renewable carbon that ranges approximately from 20% to 100%. The bio-based polymer market accounted for revenue of $6,395.5 million in 2017 and is anticipated to generate revenue of $9,905.9 million by 2025. This market is poised ...