Key Findings
The North America bio-based chemicals market is evaluated to grow with a CAGR of 14.59, over the forecast years of 2019 to 2028. Key factors fuelling the region’s market growth include the strict government regulations concerning the consumption of synthetic petroleum-based chemicals, and the growing environmental awareness among consumers.

Market Insights
The North America bio-based chemicals market growth is assessed by analyzing Canada and the United States. Canada’s market growth is facilitated by increasing research and development activities conducted by research institutions and governmental departments. Moreover, it is further driven by the initiatives undertaken by private organizations functioning in Canada. As per the International Atomic Energy Agency, scientists from the Research Laboratories in Sciences Applied to Food (RESALA), and the Canadian Irradiation Center (CIC), has been working together with the International Atomic Energy Agency, for nearly fifteen years. Their endeavors include researching and developing active bioplastic packaging materials, like, biodegradable plastic bags. Moreover, the packaging based on natural polymers is highly beneficial in battling the challenges posed by non-biodegradable food wraps, thereby reducing environmental pollution and contamination.
Researchers use the method of combining renewable raw materials, such as starch or protein, and Nano-cellulose, an organic polymer comprising Nano-sized cellulose fibers. Then, the materials are extracted. As a result, the amalgamation leads to the development of materials with resourceful properties compared to the traditional elements. These properties include durability, and biodegradability. Thus, such factors are set to to drive the region’s market growth, during the forecast period.

Competitive Insights
Prominent companies in the market are, BioAmber Inc, Methanex Corporation, Cargill Incorporated, Danimer Scientific Inc, Natureworks LLC, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments