Market Dynamics
Increasing demand for biodegradable and sustainable packaging materials is one of the major drivers propelling the growth of the biopolymers market. Various regulations banning single-use plastics and policies mandating the use of biodegradable alternatives have also fueled the adoption of biopolymers in packaging industry. However, high production costs of biopolymers compared to traditional plastics remains a major challenge for market players. Ongoing research and development activities to reduce production costs and improve functional properties of biopolymers are expected to unlock more growth opportunities for biopolymers market over the forecast period.

Key Takeaways

The Global Biopolymers Market Size is expected to witness high growth over the forecast period. North America currently dominates the market owing to strong government support and presence of leading biopolymer manufacturers in the region. The Asia Pacific region is expected to be the fastest growing market on account of significant increase in manufacturing activities and rising research & development efforts in the biopolymers industry.

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