Market Research Report
Bio-Based Cleaning Products Market - Forecast (2020 - 2025)
|Published by||IndustryARC||Product code||928392|
|Published||Content info||101 Pages
Delivery time: 2-3 business days
|Bio-Based Cleaning Products Market - Forecast (2020 - 2025)|
|Published: March 11, 2020||Content info: 101 Pages||
Bio based products are those products in which the ingredients which were earlier made from fossil fuels are now made from biological products. Typical examples of some biological ingredients are plant oils, soy oil, coconut oil, palm oil, glucose etc. Nowadays enzymes are also used as ingredients of bio based cleaning products. The bio based cleaning market consists of bio solvents, enzymes, cosmetics, bio plastics, bio polymers etc.
The reasons for which the market is shifting towards bio based ingredients is because fossil fuel ingredients are expensive and renewable bio based ingredients are easy to get. The second reason could be that the global countries are moving towards environmental consciousness like the Kyoto protocol and Montreal Protocol where all the countries pledged that they would reduce their carbon footprint in the world and use ecofriendly products and support for bio based cleaning products. Also nowadays consumers are also demanding cleaning products whose ingredients are made from biomass and they are also becoming more environmental conscious. Also we should also keep in mind that fossil fuels are non-renewable and once finished they cannot be replenished. Bio based cleaning products can be recycled and hence they can be used in the place of metals and minerals.
Bio based products are those products whose ingredients are made from biomass. They are ecofriendly and recyclable and they don't easily pollute the environment. They are an important component of cleaning products. Also bio based environmental products are less harmful on the human health and the environment. The bio based cleaning products market is set to grow in the future since there is a lot of consumer awareness compared to the past and several countries are supporting bio based products as well. Since products are made from biomass hence it cause less demand for already depleting fossil fuels whose costs are high.
Recently Unilever purchased a company called Seventh Generation, Inc. It is the latest step in the sustainable manufacturer company acquisition.
Another example would be in the month of July, a company called SC Johnson acquired a company called Babyganics which earlier used to produce plant based personal products and home materials. Unilever owns another bio based company called Ben and Jerry's which it recently acquired.
The company L'Oreal acquired two major companies called The Body Shop and Sanoflore in the year 2006.Many firms are involved in research and development of bio based products and they are also generating revenue through these products.
In US, the Obama administration opened a program called "National Bio economy Blueprint" in 2012 and the program focused on research and development, growth of bio based product market, public and private partnership in the industry sector etc. The Malaysian Government also launched National Biotechnology Policy for research and development in agriculture, healthcare and the manufacturing sector in the year 2005.
The companies which are the major players in bio based cleaning products market are Chempace Corporation, Chardon Laboratories, Inc., Dura Chem Inc., Alpha Chemical services Inc. etc.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.
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