Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

Bioplastics Market Global Sales are Expected to Grow Healthily to Reach US$ 47 Billion by 2031

Published

on

PUNE, India, July 13, 2021 (GLOBE NEWSWIRE) — The Global Bioplastics Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.

Bioplastics market size was estimated to be US$ 9.2 billion in 2020 and is expected to reach US$ 47 billion by 2031 at a CAGR of 16%. The utilization of bioplastics is thriving in production of plastic packs, as they are nature-friendly, and for natural waste accumulation sacks, which are significantly utilized in medical clinics, lodgings and eateries, business and retail outlets, and houses. Bioplastics are classified into Polylactic Acid, Starch Mixes, polybutyrate adipate terephthalate (PBAT), and Polybutylene succinate (PBS).

Tough regulations concerning single-utilize/disposable plastic boycott is being implemented by governments worldwide since past few years. Bioplastics are utilized in flexible packing, as they are not destructive to nature, and few are effectively degradable also.

They are utilized in packing films for food items of discrete kinds, medications, refreshment beverages bottles, food contact paper along with packing of non-food items, namely napkins and tissues, paper towels, diapers, wipes, cardboard, and protective cover cardboard to make cups and plates. Besides, they are utilized in flexible and free fill packing. Bioplastics are likewise utilized in various other application industries including horticulture, consumer goods, equipment, car, and transportation, along with building and development industry.

European Bioplastics in collaboration with the nova-Institute examined, worldwide bioplastics production limits are registered to increment from around 2.17 million tons in 2020 to roughly 2.98 million tons in 2027.

View the Entire report with Table of Contents: https://www.insightslice.com/bioplastics-market

Growth driving factors of Global Bioplastics Market

Exponentially growing populace and urbanization combined with the booming awareness about medical problems in developing economies of Asia Pacific are probably going to help end-use projects undertaken, which thus is expected to heighten the demand for bioplastics during the forecast period.

Besides, rising item demand registered in the packing business is postulated to drive the market further. Bioplastics are additionally utilized in other application industries including farming, consumer products, auto and transportation industry, along with building and development sector. This is likewise liable to help market development for coming future. Bioplastics have an interesting potential and, in this way, can help lessen Ozone harming Greenhouse Gas (GHG) discharges adequately.

Bioplastic making is an energy proficient practice since creation of bioplastic requires 77% less energy than ordinary plastic. Bioplastics are not hazardous for earth or climate, as these materials do not have any hazardous compounds and can degrade without any problem. Besides, the ozone depleting substance emission of bioplastic is negligible during the biological degradation process. Bioplastic addresses a 43.6% decrease in carbon impressions.

Access Sample Pages of this Report: https://www.insightslice.com/request-sample/695

Gigantic Research and development venture is needed to shift this advancement into commercialization and the studied are based on improving the productivity of the material, work on their combination, and boost the use of potential biomaterials. With this turn of events, the makers are fixated on delivering more profound and affordable bioplastic products.

Enormous multinational corporations in consumer-packaged goods domain and other domains have likewise gained ground or announced expectations to significantly scale bioplastic use during coming years. Coca-Cola, effectively probably the greatest buyer of bioplastics, has scaled bio-PET substance to 33% in their PlantBottle. The organization plans to keep expanding bio-PET substance utilization across more than 30 of their worldwide brands.

Nonetheless, high manufacturing cost and relatively restricted performance standards when contrasted with conventional plastics is anticipated to hamper the bioplastic market development partly.

The leading market segments of Global Bioplastics Market

The packing application drove the market with a share of 63.1% in 2020. Expanding use of bioplastics to create sacks for manure, agricultural foils, green items, nursery items, toys, and consumer materials is the key factor answerable for the segment development during the period of 2021-2031. Besides, bioplastics are utilized to produce dispensable cups, bowls, plates, Cling film, and food holders.

The progression of food-grade bioplastics has assisted in improvement of the period of realistic usability of the food items, which drives their demand, consequently boosting the segment development. Additionally, most packing items are right now manufactured from customary plastics and end up in landfills, which is a circumstance that different governments are fixated on addressing.

Starch mixes arose as the worldwide forerunner as far as bioplastic share is considered in the market. This is accounted to its demand in flexible packing and husbandry area. Starch mixes are universally used to diminish the carbon impression released from the ordinary resins, accordingly, improving the market development. The chemical industry seeing a moving pattern from artificially manufactured toward bio-based items to maintain reasonable ecological balance.

Bioplastics are additionally used to deliver semiconductor containers, electronic gadget covers, connectors, and circuit sheets. With the procedures like 2 shot injection molding of infusion, bioplastics can be utilized to deliver display screen PC molds, earphones, amplifiers, consoles, PCs, games consoles, cell phone housings, vacuum cleaner, and so on.

Related report:

Global Agricultural Inoculants Market: https://www.insightslice.com/agricultural-inoculants-market   

Global Flavors and Fragrances Market: https://www.insightslice.com/flavors-and-fragrances-market   

Global Long-Fiber Thermoplastics Market: https://www.insightslice.com/long-fiber-thermoplastics-market

The developing demand for electrical and electronic items alongside rising natural concerns is expected to drive the interest of consumers when bioplastic is taken into consideration in the consumer goods application segment.

North America is additionally assessed to observe huge development during the forecast period.

The market is significantly determined by the developing demand registered from the packing business in nations, like U.S., Canada, and Mexico. Rising ecological concerns and a worldwide endeavor to diminish contamination is propelling the interest of various industries for biodegradable plastics in the packing area across the province.

Furthermore, rising Coronavirus positive cases in U.S. are postulated to bring about an expanded demand for nonexclusive medications and clinical devices, which is seen helping the demand for bioplastics in the clinical packing area, along these lines decidedly impacting the market development during the evaluation period.

Buy This Report: https://www.insightslice.com/buy-now/695  

The key players of the Global Bioplastics Market are:

Teijin Ltd., Toray Industries, Toyota Tsusho, M& G Chemicals, PTT Global Chemical Public Company Ltd., Showa Denko K.K., NatureWorks LLC, SABIC, BASF SE, Futerro SA, E. I. du Pont de Nemours and Company, Braskem, Corbion N.V., Galactic, Solvay SA and others.

Global Bioplastics Market Key Segments:

Based on product type

  • Biodegradable
    • Polylactic Acid
    • Starch blends
    • Polybutylene Adipate Terephthalate (PBAT)
    • Polybutylene Succinate (PBS)
    • Others
  • Non-Biodegradable
    • Polylactic Acid
    • Starch blends
    • Polyethylene
    • Polyethylene Terephthalate
    • Polyamide
    • Polytrimethylene Terephthalate
    • Others

Based on application type

  • Packaging
  • Agriculture
  • Consumer goods
  • Textile
  • Automotive & Transportation
  • Building & Construction
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of APAC
  • Middle East & Africa
    • UAE
    • South Africa
    • Saudi Arabia
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America

insightSLICE is a market intelligence and strategy consulting company. The company provides tailor-made and off the shelf market research studies. The prime focus of the company is on strategy consulting to provide end-to-end solutions. For more details, please contact our research and consulting team at [email protected].

Contact Us:

Alex,

insightSLICE

Phone (USA): +1 707 736 6633

Email address: [email protected]   

Web: www.insightslice.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

Published

on

xtalpi-unveils-xtalgazer:-a-comprehensive-ai-driven-polymorph-selection-platform

CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
Logo – https://mma.prnewswire.com/media/632519/XtalPi_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/xtalpi-unveils-xtalgazer-a-comprehensive-ai-driven-polymorph-selection-platform-302102794.html

Continue Reading

Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

Published

on

icis-and-base-oil-news-announce-partnership-to-enhance-market-insights

LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
Logo: https://mma.prnewswire.com/media/619935/4277787/ICIS_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/icis-and-base-oil-news-announce-partnership-to-enhance-market-insights-302102782.html

Continue Reading

Artificial Intelligence

Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

Published

on

trianz-welcomes-israel-abraham-as-vice-president-of-services-for-extrica.ai-–-the-data-to-ai-platform

SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
Logo: https://mma.prnewswire.com/media/626944/1199800/Trianz_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/trianz-welcomes-israel-abraham-as-vice-president-of-services-for-extricaai–the-data-to-ai-platform-302102589.html

Continue Reading
Advertisement

Latest News

Trending