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LONDON--(BUSINESS WIRE)--The biopolymers market is expected to grow by 620.37 thousand tons during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the biopolymers market in optimistic, probable, and pessimistic forecast scenarios. Get a Free Sample Report Delivered Instantly to know more The biopolymers market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavios pandemic-focused market research, market growth is likely to increase in 2020 as compared to 2019. The biopolymers market is driven by volatility in crude oil prices. In addition, factors such as strict environmental regulations and policies and increased demand for environment-friendly and sustainable packaging solutions are expected to trigger the biopolymers market toward witnessing a CAGR of over almost 3% during the forecast period. With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal. This post-pandemic business planning research will aid clients to: Develop Smart Strategies for Your Business: Get a Free Sample Report Now! Key Considerations for Market Forecast: Subscribe to World-Class Market Intelligence and gain instant access to 17,000+ market research reports and connect with expert analysts Related Report on Materials Include: Global Advanced Polymer Composites Market - Global advanced polymer composites market segmentation by fiber type (glass, carbon, and aramide), end-user (aerospace, automotive, energy, marine, and others), and Region (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report Global Polymer Foam Market - Global polymer foam market segmentation by type (PU, PS, PVC, phenolic, and others), application (packaging, building and construction, furniture and bedding, transportation, and others), and geography (APAC, North America, Europe, MEA, and South America). Click Here to Get an Exclusive Free Sample Report Major Three Biopolymers Market Participants: Archer Daniels Midland Co. Archer Daniels Midland Co. operates its business through segments such as Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The company produces corn and wheat starches and cellulose, soy protein and xanthan bio-polymers. Arkema SA Arkema SA operates its business through segments such as High Performance Materials, Industrial Specialties, and Coating Solutions. The company offers biopolymer impact modifiers under the brand, Biostrength. BASF SE BASF SE operates its business through segments such as Agricultural Solutions and Other. The company offers biopolymers under the brand, ecoflex. Give Your Business a Head Start for 2021: Download Our Free Sample Report Biopolymers Market 2020-2024: Segmentation Biopolymers market is segmented as below: Based on the end-user, the market witnessed maximum demand from the packaging and foodservice sector in 2019. The market growth in the segment will be significant over the forecast period. In 2019, APAC dominated the market with a 33% share. The region will continue to offer several growth opportunities for market players over the forecast period. China and Japan are the key markets for biopolymers in APAC. Get more insights about the global trends impacting the future of the biopolymers market, Request Free Sample Report @ https://www.technavio.com/talk-to-us?report=IRTNTR45591 Market Drivers Market Challenges Market Trends Vendor Landscape About Us 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, Technavios 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 Technavios 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.

Answer: Biopolymers Market will Grow Over 620 Thousand Tons During 2020-2024| Key Vendor Insights and Business Continuity Plan for New Normal | Technavio Shape strategic responses through the phases of industry recovery Archer Daniels Midland Co., Arkema SA, and BASF SE will emerge as major biopolymers market participants during 2020-2024