Sustainable Solutions: Bioplastics and Renewable Fuels Poised for Significant Market Growth
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The Bioplastics for Agribusiness Market is projected to grow by USD 1.36 billion from 2024 to 2028, driven by a rising focus on environmental sustainability, according to an AI-powered- Technavio
NEW YORK, Aug. 30, 2024 /PRNewswire/ -- Report on how AI is driving market transformation- The global bioplastics for agribusiness market size is estimated to grow by USD 1.36 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 18.63% during the forecast period. Increasing focus on environmental sustainability is driving market growth, with a trend towards increasing focus of vendors on development of innovative bioplastics. However, cost-effectiveness of conventional plastic over bioplastics poses a challenge. Key market players include ADBioplastics , Arkema SA, Avantium, BASF SE, Biome Bioplastics Ltd., Braskem, Eastman Chemical Co., Fkur Kunststoff GmbH, Futamura Group, Futerro SA, good natured Products Inc., Green Dot Bioplastics Inc., KURARAY Co. Ltd., Mitsubishi Chemical Group Corp., Novamont S.p.A., Polymateria Ltd, PTT Global Chemical Public Co. Ltd., Secos Group Ltd., Tipa Ltd., and TotalEnergies SE. Get a detailed analysis on regions, market segments, customer landscape, and companies - Click for the snapshot of this report Forecast period 2024-2028 Base Year 2023 Historic Data - Segment Covered Type (Biodegradable and Non-Biodegradable), Application (Greenhouse, Irrigation, and Others), and Geography (Europe, APAC, North America, South America, and Middle East and Africa) Region Covered Europe, APAC, North America, South America, and Middle East and Africa Key companies profiled ADBioplastics , Arkema SA, Avantium, BASF SE, Biome Bioplastics Ltd., Braskem, Eastman Chemical Co., Fkur Kunststoff GmbH, Futamura Group, Futerro SA, good natured Products Inc., Green Dot Bioplastics Inc., KURARAY Co. Ltd., Mitsubishi Chemical Group Corp., Novamont S.p.A., Polymateria Ltd, PTT Global Chemical Public Co. Ltd., Secos Group Ltd., Tipa Ltd., and TotalEnergies SE Key Market Trends Fueling Growth The Bioplastics For Agribusiness market is experiencing significant growth due to increasing demand for eco-friendly and sustainable packaging solutions. Agribusinesses are recognizing the benefits of bioplastics, such as reduced carbon footprint and biodegradability. Bioplastics are derived from renewable resources like corn, sugarcane, and potato starch. Major players in the market include BASF SE, DuPont, and Biotecne. Collaborations and partnerships are common strategies for market expansion. The future looks promising for bioplastics in the agribusiness sector. Bioplastics are making waves in the Agribusiness industry with innovative solutions for sustainable farming. Biodegradable mulch films, made from aliphatic polyesters and cellulose-based bioplastics, enhance crop growth by improving moisture retention and reducing weed growth. The European Union's Single-Use Plastics Directive drives demand for bioplastics as an eco-friendly alternative to traditional plastic packaging and planting containers. Governments offer grants and funding for Agribusinesses adopting bioplastics, such as biodegradable bioplastics, compostable bioplastics, and degradable bioplastics, in greenhouse materials, irrigation systems, and silage storage. These biomaterials offer environmental benefits, including reduced carbon footprint and lower greenhouse gas emissions. Biodegradable bioplastics, like starch-based bioplastics, polylactic acid, and protein-based bioplastics, are gaining popularity due to their composability and waste management advantages. Bioplastics also contribute to sustainable agricultural practices by improving energy efficiency and reducing toxicity. Environmental regulations continue to drive the adoption of bioplastics in Agribusiness. Bioplastics made from bio-based polymers are a key component of the shift towards sustainable products in the industry. Bioplastics are revolutionizing Agribusiness, from greenhouses to irrigation systems, and offer a promising future for environmentally-friendly farming practices. Discover a Comprehensive 360° Market Analysis: Understand the Impact of AI. For detailed information- Request Sample! Market Challenges The Bioplastics For Agribusiness market is experiencing significant growth due to increasing demand for eco-friendly and sustainable packaging solutions. Farmers and agribusinesses are turning to bioplastics as an alternative to traditional plastic materials. Bioplastics are derived from renewable resources such as corn, sugarcane, and potato starch. They offer several advantages, including biodegradability and reduced carbon footprint. As consumer awareness about plastic waste and environmental sustainability grows, the market for bioplastics in agribusiness is expected to expand further. Companies in this space are investing in research and development to improve the properties and cost-effectiveness of bioplastics. This trend is expected to continue in the coming years.Bioplastics are gaining popularity in the Agribusiness market due to their eco-friendly nature and various applications. Biodegradable mulch films, made from Aliphatic Polyesters and Cellulose-Based Bioplastics, offer benefits like improved crop yield and water retention. However, challenges exist, such as the high production cost and limited availability of grants and funding. The Single-Use Plastics Directive and green procurement incentives push for the adoption of bioplastics in place of traditional plastics. Bioplastics find use in greenhouses as package materials, planting containers, and greenhouse materials. Compostable and degradable bioplastics, like Starch-based bioplastics, Polylactic Acid, Polyhydroxyalkanoates, and Protein-based bioplastics, offer solutions for controlled-release fertilizers and irrigation systems. Environmental regulations pose challenges, but bioplastics offer a sustainable alternative to traditional plastics. Bioplastics reduce carbon footprint and address environmental issues. Biomaterials like Polybutylene Succinate and biodegradable bioplastics are compostable and degradable, making them ideal for silage storage. Agribusinesses can adopt sustainable agricultural practices and energy efficiency by using bioplastics in farming. However, concerns regarding toxicity and greenhouse gas emissions need to be addressed. Overall, bioplastics offer a promising solution for the Agribusiness sector, contributing to sustainable products and waste management. For more insights on driver and challenges - Download a Sample Report Segment Overview This bioplastics for agribusiness market report extensively covers market segmentation by Type 1.1 Biodegradable1.2 Non-BiodegradableApplication 2.1 Greenhouse2.2 Irrigation2.3 OthersGeography 3.1 Europe3.2 APAC3.3 North America3.4 South America3.5 Middle East and Africa 1.1 Biodegradable- The Bioplastics For Agribusiness market is experiencing significant growth due to increasing demand for eco-friendly and sustainable packaging solutions. Agribusinesses are turning to bioplastics as an alternative to traditional plastics, offering benefits such as reduced carbon footprint and biodegradability. Bioplastics are derived from renewable resources like corn, sugarcane, and potato starch. Major players in the market include BASF SE, DuPont, and LyondellBasell Industries. These companies are investing in research and development to improve the production process and expand the applications of bioplastics in agriculture. For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data ( - ) - Download a Sample Report Research Analysis Bioplastics, a sustainable alternative to traditional fossil fuel-based plastics, are gaining significant traction in the agribusiness sector. These biodegradable and bio-based polymers offer numerous advantages for agricultural applications, including compostability and waste management. Bioplastics can be derived from various sources, such as Aliphatic Polyesters, Cellulose-Based Bioplastics, Organic Polyethylene, Starch-based bioplastics, Polylactic acid, Polyhydroxyalkanoates, and Protein-based bioplastics. In agribusiness, bioplastics find use in various applications, including greenhouses, packaging, planting containers, greenhouse materials, controlled-release fertilizers, and mulch. Bioplastics can enhance farming practices by reducing the use of synthetic fertilizers and pesticides, improving crop yield, and contributing to environmental regulations. Additionally, bioplastics can be used in irrigation systems and degradable bioplastics can replace conventional plastic mulch, reducing plastic waste in agriculture. Overall, bioplastics offer a promising solution for sustainable agriculture and waste management. Market Research Overview Bioplastics, derived from renewable biomass, are gaining significant attention in the agribusiness sector due to their eco-friendly attributes. These bio-based polymers offer sustainable alternatives to traditional petrochemical plastics for various agricultural applications. Biodegradable bioplastics, such as Aliphatic Polyesters, Cellulose-Based Bioplastics, Organic Polyethylene, and Starch-based bioplastics, are particularly popular. These materials exhibit compostability and biodegradability, making them ideal for use in greenhouse materials, biodegradable mulch films, and planting containers. Bioplastics help address environmental issues by reducing greenhouse gas emissions, energy efficiency in farming practices, and minimizing toxicity. Grants and funding, green procurement incentives, and regulatory initiatives like the Single-Use Plastics Directive further boost the market growth. Bioplastics find applications in greenhouses, irrigation systems, silage storage, and biomaterials. However, challenges like carbon footprint and degradability under varying environmental conditions persist. Biodegradable bioplastics like Polylactic acid, Polyhydroxyalkanoates, and Protein-based bioplastics offer potential solutions. Bioplastics contribute to sustainable agricultural practices, addressing waste management and environmental regulations. Bioplastics in agribusiness: A step towards a greener future. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation TypeBiodegradableNon-BiodegradableApplicationGreenhouseIrrigationOthersGeographyEuropeAPACNorth AmericaSouth AmericaMiddle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/the-bioplastics-for-agribusiness-market-is-projected-to-grow-by-usd-1-36-billion-from-2024-to-2028--driven-by-a-rising-focus-on-environmental-sustainability-according-to-an-ai-powered--technavio-302234991.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs
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Renewable Fuel Market to Grow by USD 66.7 Million (2024-2028), Driven by Waste-to-Energy Tech Adoption, How AI is Transforming the Market - Technavio Report
NEW YORK, Aug. 30, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape- The global renewable fuel market size is estimated to grow by USD 66.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.13% during the forecast period. Rising adoption of waste-to-energy technologies is driving market growth, with a trend towards development of E-fuels. However, inconsistent availability and quality of feedstocks for renewable fuel poses a challenge. Key market players include Aemetis Inc., ALTO INGREDIENTS Inc., Archer Daniels Midland Co., BP Plc, Bunge Ltd., Cargill Inc., Chevron Corp., Clariant AG, Cox Energy SAB de CV, Eni SpA, Enviva Inc., Green Plains Inc., INEOS AG, Louis Dreyfus Co. BV, Neste Corp., Novozymes AS, POET LLC, Shell plc, Suncor Energy Inc., TotalEnergies SE, and Valero Energy Corp.. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Renewable Fuel Market Scope Report Coverage Details Base year 2023 Historic period - Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 7.13% Market growth 2024-2028 USD 66.7 million Market structure Fragmented YoY growth 2022-2023 (%) 6.29 Regional analysis North America, Europe, APAC, South America, and Middle East and Africa Performing market contribution North America at 37% Key countries US, China, Germany, UK, France, and Australia Key companies profiled Aemetis Inc., ALTO INGREDIENTS Inc., Archer Daniels Midland Co., BP Plc, Bunge Ltd., Cargill Inc., Chevron Corp., Clariant AG, Cox Energy SAB de CV, Eni SpA, Enviva Inc., Green Plains Inc., INEOS AG, Louis Dreyfus Co. BV, Neste Corp., Novozymes AS, POET LLC, Shell plc, Suncor Energy Inc., TotalEnergies SE, and Valero Energy Corp. Market Driver The renewable fuel market is experiencing significant growth due to increasing global awareness towards reducing carbon emissions. Key players in this industry include bioethanol, biodiesel, and biogas. Bioethanol is derived from corn, sugarcane, and other plant sources, while biodiesel is produced from vegetable oils and animal fats. Biogas is generated from organic waste. Governments worldwide are implementing policies to promote the use of renewable fuels, driving market expansion. Companies are investing in research and development to improve efficiency and reduce costs. The renewable fuel market is expected to continue growing steadily in the coming years. The Renewable Fuel Market is experiencing significant growth due to increasing focus on energy security and reducing carbon footprint. Renewable fuels are becoming popular transport mediums, with biofuels like biodiesel and biogasoline gaining traction in the aviation, cooling & heating, and transportation sectors. Large corporations are investing in renewable fuels to transition from non-renewable sources like crude oil, gasoline, and fossil fuels. Biomass-based fuels from soybean, canola oil, animal fat, distillers corn, and other sources are driving the market. Geothermal, wind, solar, hydropower, and offshore wind energy are key sources of renewable fuel. The power, cooling & heating, and transportation sectors are major consumers. Biofuel production includes processes like pyrolysis and the production of bioethanol, biogasoline, and electricity. Renewable fuels offer a sustainable solution to reduce reliance on traditional fuels and decrease greenhouse gas emissions. The market is expected to continue growing as more industries adopt renewable fuels. Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample! Market Challenges The renewable fuel market is experiencing significant growth due to increasing global concerns over carbon emissions and non-renewable fuel depletion. Bioethanol and biodiesel are leading renewable fuels, derived from plant-based sources. Companies like Archer Daniels Midland and DuPont Danisco Cellulosic Ethanol are key players, investing heavily in research and production. Government incentives and regulations, such as the Renewable Fuel Standard in the US, further boost market expansion. Renewable fuel production capacity is expected to double by 2025.The renewable fuel market is experiencing significant growth as the world shifts towards sustainable energy sources. Solar, hydropower, windpower, and biomass are leading the charge, with biofuels like biodiesel, biogasoline, ethanol, and pyrolysis oil also gaining popularity. However, challenges persist. Fossil fuels remain dominant in automobile production, power generation, transportation, marine, aerospace, locomotive, and heat engines. Transitioning to renewable fuels requires investment in fuel cells, vehicles, power generators, and pipeline transport. Feedstock costs, including corn, soybeans, cassava, sugar beets, sugar cane, and cereal crops, can impact profitability. Labor and land costs, oil market fluctuations, agricultural subsidizations, and net-zero carbon emissions targets are other considerations. Greenhouse gas emissions from renewable fuel production must be minimized through efficient processes and the use of municipal waste and landfills as feedstocks. Hydrogen fuels offer a promising solution but face challenges in production and infrastructure development. Overall, the renewable fuel market presents opportunities for innovation and growth, but requires careful planning and collaboration to overcome challenges. For more insights on driver and challenges - Request a sample report! Segment Overview This renewable fuel market report extensively covers market segmentation by Type 1.1 Biofuels1.2 Hydrogen1.3 Biomethane1.4 OthersEnd-user 2.1 Road transporation2.2 Avaition2.3 Marine2.4 Residential2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa 1.1 Biofuels- Biofuels, derived from renewable sources, offer significant benefits for reducing greenhouse gas emissions and improving air quality compared to fossil fuels. These alternatives to traditional fuels contribute to long-term sustainability by lessening reliance on finite resources. Biofuels also help manage organic waste and improve local economies by allowing for local production from regional feedstocks. Advanced production technologies, such as improved catalysts and more efficient processes, enhance the feasibility and efficiency of biofuel production. Innovative feedstock cultivation and processing methods, like the use of algae or cellulosic materials, expand the range of viable biofuels. Companies, such as INEOS Bio, transform waste into biofuel, reducing transportation costs and diverting waste from landfills. This process, utilizing gasification, fermentation, and distillation, produces a biofuel component for blending with gasoline. These factors will drive the growth of the biofuels segment in the global renewable fuel market. For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) - Download a Sample Report Research Analysis The renewable fuel market is a rapidly growing sector in the global energy industry, driven by the need to reduce greenhouse gas emissions and achieve net-zero carbon emissions. Renewable fuels, including Solar, Hydropower, Windpower, Biofuel, Biodiesel, Biogasoline, Ethanol, Hydrogen Fuels, and Pyrolysis oil, are becoming increasingly important as alternatives to fossil fuels in various sectors such as power generation, transportation, marine, and automobile production. These fuels are derived from various feedstocks, including Biomass, Municipal waste from Landfills, and agricultural residues. The transition to renewable fuels is essential for energy security, reducing the carbon footprint of transportation and cooling & heating, and contributing to the global energy transition. Renewable fuels are also used as transport mediums and in power generation, providing a sustainable solution for meeting energy demands while reducing reliance on fossil fuels. Market Research Overview The renewable fuel market is a rapidly growing sector in the global energy industry, driven by the need to reduce greenhouse gas emissions and transition away from fossil fuels. Renewable fuels, including Solar, Hydropower, Windpower, Biofuel, Biodiesel, Biogasoline, Ethanol, and Hydrogen Fuels, are becoming increasingly important as alternatives to traditional fossil fuels. These renewable fuels are derived from various sources such as Solar energy, Hydropower, Wind power, Biomass, and Agricultural feedstocks like Corn, Soybeans, Cassava, Sugar beets, and Sugar cane. Renewable fuels are used in various sectors, including Automobile production, Power generation, Transportation (Marine, Aerospace, Locomotive), Heat Engines, Fuel Cells, and Vehicles. They are also used as Power Generators and transport mediums in industries such as Cooling & heating, Power industry, and Transportation sector. The renewable fuel market is influenced by various factors such as VOC content, CO2 marine carrier, Oil market, Agricultural subsidizations, Net-zero carbon emissions, and Energy security. The market is also impacted by the cost of feedstocks like Corn, Soybeans, and other agricultural crops, as well as labor and land costs. Geothermal, Wind, and Biomass-based fuels are also gaining popularity in the renewable fuel market. Capital investment in renewable fuel production is increasing, with large corporations shifting towards non-renewable sources. The renewable fuel market is expected to continue growing as the world moves towards a low-carbon economy and reduces its carbon footprint in sectors such as Transport, Aviation, and Power industry. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation TypeBiofuelsHydrogenBiomethaneOthersEnd-userRoad TransporationAvaitionMarineResidentialOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/renewable-fuel-market-to-grow-by-usd-66-7-million-2024-2028-driven-by-waste-to-energy-tech-adoption-how-ai-is-transforming-the-market---technavio-report-302235004.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs
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Recent market analyses reveal promising growth projections for bioplastics in agribusiness and renewable fuels, highlighting the increasing shift towards sustainable alternatives in various industries.
Bioplastics in Agribusiness: A Growing Trend
The bioplastics market for agribusiness is set to experience substantial growth, with projections indicating an increase of USD 1.36 billion from 2024 to 2028
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. This growth trajectory, representing a Compound Annual Growth Rate (CAGR) of 9.13%, underscores the rising demand for sustainable materials in agricultural applications.Driving Factors for Bioplastics Adoption
Several key factors are propelling the expansion of the bioplastics market:
- Environmental Concerns: Increasing awareness of plastic pollution and its environmental impact is driving the shift towards biodegradable alternatives.
- Regulatory Support: Government initiatives and regulations promoting sustainable practices are fostering the adoption of bioplastics.
- Technological Advancements: Ongoing research and development are enhancing the properties and applications of bioplastics, making them more viable for diverse agricultural uses.
Renewable Fuel Market: Poised for Growth
Parallel to the bioplastics sector, the renewable fuel market is also on an upward trajectory. Market analysis predicts growth of USD 66.7 million between 2024 and 2028
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. This expansion is largely attributed to the increasing adoption of waste-to-energy technologies.Related Stories
Key Drivers in the Renewable Fuel Sector
- Waste-to-Energy Technologies: The conversion of waste materials into usable energy is gaining traction as a sustainable solution to both waste management and energy production.
- Government Incentives: Supportive policies and financial incentives are encouraging investments in renewable fuel technologies.
- Energy Security Concerns: Nations are increasingly looking to diversify their energy sources, driving interest in renewable fuels.
Market Challenges and Opportunities
While both markets show promising growth, they face challenges:
- Cost Competitiveness: Bioplastics and renewable fuels often struggle to compete with traditional alternatives on cost.
- Infrastructure Development: Scaling up production and distribution networks remains a hurdle for widespread adoption.
- Technological Refinement: Ongoing research is needed to improve the efficiency and applicability of these sustainable solutions.
Despite these challenges, the projected market growth indicates a strong shift towards sustainability in both agriculture and energy sectors. As technology advances and awareness grows, bioplastics and renewable fuels are poised to play increasingly significant roles in shaping a more environmentally friendly future.
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