Bioplastics Market Analysis And Growth Forecast 2024-2032

Global Bioplastics Market Analysis

The global bioplastic market is expected to experience substantial growth, reaching a projected value of US$ 22,562.56 million by 2032, up from US$ 8,314.67 million in 2023, with a compound annual growth rate (CAGR) of 11.73% from 2024 to 2032. This growth is driven by various factors, including increased public awareness of environmental sustainability, the implementation of stringent emissions and waste management regulations, and a rising demand from consumers for eco-friendly products.

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Bioplastic Market Outlook

Bioplastics are emerging as a promising solution to reduce plastic waste and dependence on non-renewable resources. Derived primarily from renewable plant-based sources like natural sugars, cellulose, and starch, bioplastics provide an alternative to conventional petroleum-based plastics. While not all bioplastics are biodegradable, many offer the advantage of breaking down more quickly than traditional plastics, reducing long-term environmental impact.

Bioplastics are used in a wide range of industries, including packaging, textiles, automotive parts, electronics, and furniture. Their application is expanding, particularly in sectors under increasing pressure to reduce plastic waste and comply with sustainability regulations.

Key Market Drivers

1. Increased Demand from the Automotive Sector

The automotive industry is increasingly turning to bioplastics as a way to reduce vehicle weight, which in turn lowers fuel consumption and emissions. Bio-based polymers like bio-PA and bio-PP have been identified as viable alternatives for automotive components, offering better environmental performance while maintaining the strength and durability required for automotive applications.

In Europe, the production of these bio-based polymers is predicted to reach over 170,000 tons by 2024, marking a significant shift towards sustainable materials in automotive manufacturing. As the demand for lightweight vehicles and more sustainable manufacturing practices grows, the bioplastics market is expected to see a boost from the automotive sector.

2. Growing Demand for Eco-Friendly Packaging

Packaging is one of the largest segments in the bioplastics market. The increasing use of bioplastics in packaging applications—especially in food and beverage industries—is largely driven by the growing consumer preference for sustainable and biodegradable materials. Biodegradable packaging made from bioplastics is not only eco-friendly but also addresses issues associated with plastic waste, which has become a significant environmental concern globally.

In agriculture, bioplastics are being used for applications such as mulching films and harvest-protection bags, which help optimize crop yields while being environmentally friendly. Unlike traditional plastics, these bioplastics decompose naturally, enriching the soil and promoting healthier crop growth.

3. Environmental Regulations and Waste Management

Stricter regulations around plastic waste management, particularly in Europe and North America, are fueling the demand for bioplastics. Governments around the world are increasingly introducing laws and standards to limit the use of traditional plastics, encouraging the adoption of more sustainable alternatives. As consumer awareness grows, companies are pressured to transition to bioplastics in order to meet regulatory requirements and address the rising demand for eco-friendly products.

Challenges in the Bioplastic Market

1. High Production Costs

One of the major challenges for the bioplastics industry is the relatively high production cost compared to conventional plastics. The production of bioplastics requires raw materials derived from renewable resources, which often come at a premium. Additionally, the manufacturing processes for bioplastics are more complex and expensive. This cost disparity remains a key barrier to widespread adoption, particularly in industries where cost efficiency is a primary concern.

2. Limited Infrastructure for Recycling and Composting

While many bioplastics are biodegradable, they often require specific conditions for decomposition, such as industrial composting facilities. However, these facilities are not always readily available, particularly in developing regions, limiting the environmental benefits of bioplastics. A lack of infrastructure for the proper disposal and recycling of bioplastics can hinder their full potential in reducing plastic waste.

Regional Insights

Europe

Europe remains the dominant market for bioplastics, with countries like Germany, Italy, and the United Kingdom leading the way in bioplastic consumption. Germany’s food and beverage industry, home to over 6,000 SMEs, is a major driver of bioplastics adoption in packaging, particularly in flexible and rigid food packaging solutions.

Italy, known for its large packaging industry, is another key player, where demand is rising due to the increasing importance of supermarket retailing and the growing export market. Additionally, Italy’s strong automotive industry is contributing to the adoption of bioplastics in vehicle manufacturing, aligning with the growing focus on eco-friendly automotive components.

The United Kingdom is also seeing an increasing demand for bioplastics, driven by a growing awareness of the environmental impact of traditional plastics. With over 18,000 electronics companies, the UK is one of the largest European markets for bioplastics in the electronics sector, where they are used in high-end consumer products.

Asia Pacific

Asia Pacific is emerging as a significant growth region for bioplastics. The market is expected to see rapid expansion in countries like China, India, and Japan, driven by increasing industrial demand for sustainable packaging solutions and government initiatives supporting environmentally friendly technologies. In particular, India is becoming a key player in the bioplastics market due to its agricultural sector, which is adopting biodegradable plastics for agricultural applications.

North America

North America, particularly the United States, is also contributing to the global growth of bioplastics. Increasing environmental regulations, a shift towards sustainable packaging in the food and beverage industry, and growing consumer awareness are all contributing factors. The automotive sector in North America is also pushing for the adoption of bioplastics, especially for lightweighting purposes.

Leading Companies in the Bioplastic Market

Some of the leading companies in the global bioplastic market include:

  • Total Corbion
  • Mitsubishi Chemical Holding Corporation
  • Toray Industries
  • BASF SE
  • Green Dot Bioplastics
  • Amcor Limited

These companies are at the forefront of bioplastic innovation, working on developing new materials, increasing production capacities, and expanding their product portfolios to meet growing demand.

Global Bioplastic Company News

  • April 2024: Gaia Biomaterials, a Swedish bioplastics company, successfully raised US$ 5 million through a rights issue. The funds will be used to expand its market share in countries such as India and the United States, as well as to enhance its global presence in the bioplastics sector.
  • April 2024: TotalEnergies Corbion showcased its Luminy PLA bioplastics at Chinaplas 2024, emphasizing the carbon emission reduction potential of PLA bioplastics. The company demonstrated how businesses could reduce their carbon footprint by up to 75% by switching to PLA from traditional plastic alternatives.
  • March 2024: Sulzer Ltd. partnered with Balrampur Chini Mills Limited (BCML) to establish India’s first bioplastics production facility. The plant will use sugarcane as feedstock to produce 75,000 tons of biodegradable bioplastics annually, helping India meet its sustainability goals.

Related Report :

United States Biodegradable Plastics Market

Global Biodegradable Plastic Market

Water Soluble Polymer Market

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Europe Bioplastics Market Size 2024, Trends, Revenue, Key Player, Challenges, Growth, Future Opportunities and Forecast till 2033: SPER Market Research

A more sustainable substitute for conventional plastics made from petroleum, bioplastics are novel polymers made from renewable biological sources like plants, starch, and algae. They are made to be compostable or biodegradable, which lessens the amount of plastic waste that ends up in landfills and the ocean. From packaging materials to automobile parts, bioplastics can have a wide range of qualities and uses. Furthermore, bioplastics are gaining prominence as an alternative to traditional plastics, with consumers increasingly opting for green and environmentally friendly products. Even while they seem like a promising answer to the expanding problem of plastic waste, issues including production costs, competition for resources, and infrastructure for recycling still need to be resolved before they can be settled prior to their widespread adoption.

According to SPER Market Research, Europe Bioplastics Market Size- By Product Type, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that The Europe Bioplastic Market is estimated to reach USD XX Billion by 2033 with a CAGR of 15.37%.

Drivers:             

Growing worries about petrochemical toxicity and decreasing crude oil sources have fuelled the development of bio-based polymers. Government rules limiting petrochemical consumption in specific applications, including as food packaging and medical devices, are projected to further encourage the use of bioplastics. The market has seen a surge in demand for plastic alternatives as people become more concerned about the use of plastics. This is projected to open up chances for the market in the next years. The market’s producers are shifting their attention to bioplastics due to the rapid pace of innovation and new product development. To address concerns about the hazardous impacts of plastic trash, companies are constantly developing new product lines that use biodegradable and non-biodegradable bioplastics as well as recycled materials.

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Challenges:

Despite its rapid growth, the bioplastics business in Europe confronts a number of obstacles. Their high price in comparison to traditional plastics is one of the main obstacles impeding the market’s expansion. Furthermore, it is challenging to secure competitive rates for bioplastics due to the cheap cost of traditional plastics. Furthermore, improper handling, storage, and disposal of biodegradable plastic trash can result in the release of chemicals into the environment. The market for biodegradable plastics is expected to grow slowly over the forecast period due to factors like a lack of knowledge about the health risks posed by biopharma plastic waste, insufficient training for waste management staff, and the lack of waste management and disposal systems.

The COVID-19 pandemic had a huge influence on the bioplastic business in Europe, first disrupting production and supply chains due to lockdowns and limitations. However, as people became more aware of environmental issues during the crisis, the demand for sustainable materials increased. Many consumers and businesses began to prioritize environmentally friendly alternatives, resulting in investments in bioplastic breakthroughs. The transition to online purchasing has also expedited the development of biodegradable packaging solutions, emphasizing the importance of sustainable practices in e-commerce. Despite hurdles such as changing raw material availability and economic uncertainty, Europe’s bioplastic business is primed for expansion, fuelled by growing regulatory backing and a collaborative commitment to reduce plastic waste and carbon footprints. The dual impact of change and renewed dedication is altering the industry environment.

Europe Bioplastic Market is dominated by Germany due to its strong environmental policies and a robust commitment to sustainability. Some of the key players in the market are Arkema, BASF SE, Braskem, Corbion, Danimer Scientific and others.

Europe Bioplastics Market Segmentation:

By Product Type: Based on the Product Type, Europe Bioplastics Market is segmented as; Bio-based Biodegradables, Bio-based Non-biodegradables.

By Application: Based on the Application, Europe Bioplastics Market is segmented as; Flexible Pakaging, Rigid Packaging, Automotive and Assembly Operations, Agriculture and Horticulture, Construction, Textiles, Electrical and Electronics, Others.

By Region: This research also includes data for Germany, Australia, Switzerland, France, Great Britain, Spain, Italy.

For More Information, refer to below link: –

Europe Bioplastics Market Outlook

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Global Bioplastics Market Size, Growth & Forecast 2023-2030

In a report named “Global Bioplastics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2030,” issued recently by Renub Research, market share insights are incorporated along with a detailed industry analysis. The study of competitors, geographical areas, and growth for global bioplasticsmarket is also covered in the report.

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/bioplastics-market-p.php

Between 2022 and 2030, Global Bioplastics Market will grow at a CAGR of 11.40%. Presently, bioplastics are crucial because they provide a sustainable replacement for conventional plastics. Since they come from renewable resources like cornstarch, sugarcane, or vegetable oil, they can decompose in the environment without threatening ecosystems. Even though the terms “bioplastic” and “organic plastic” are frequently used synonymously, there is a slight difference between the two in that not all organic plastics are bioplastics, whereas bioplastics are always organic. For instance, petroleum-based plastics are organic but not bioplastic because sustainable resources are not present in their making.

The rising awareness among consumers and businesses about the detrimental effects of single-use plastics on the environment is among the essential growth drivers in the global bioplastics market. Furthermore, novel biopolymers, including a biodegradable, low-carbon footprint variety from the University of Bath and energy-efficient processing techniques from the University of California, Berkeley, have added to the bioplastics market. Bioplastics are becoming more prevalent in textiles, compostable food packaging, and biodegradable medical equipment.Global Bioplastics Market will expand to US$17.58 Billion by 2030 due to the growth in environmental awareness, robust regulatory approvals for sustainable materials, and surging demand for eco-friendly alternatives to traditional plastics.

Government policies on bioplastics varyworldwide, reflecting a shared commitment to sustainability and the reduction of plastic waste. The Bio-Based Products Regulation in the European Union (EU) requires businesses to label products with more than 30% bio-based content, and waste management directives support the use of biodegradable plastics in particular situations. While the United State Environmental Protection Agency (EPA) is working on bioplastic disposal guidelines, laws such as the Federal Food, Drug, and Cosmetic Act in the US are focused on the safety of food packaging materials. China, a major bioplastics producer, has implemented stringent regulations, such as banning single-use plastic bags in many cities and actively advocating for bioplastic bag adoption, reinforcing a global trend towards greener plastic alternatives.

Non-biodegradable plastics will continue to maintain strong growth in the global bioplastics market because of their durability, and versatility in various applications.

Industries that require long-lasting and sturdy materials, such as automotive and electronics, find non-biodegradable plastics essential. Moreover, the transition to fully biodegradable options can be a complex process, making non-biodegradable bioplastics a viable transitional solution. As research and development advance, hybrid materials that combine the best attributes of both types of plastics may emerge, further bolstering the prominence of non-biodegradable bioplastics in the market.

Material Type – Global Bioplastics Market has been covered from 2 viewpoints.

1.    Biodegradable

2.    Non-Biodegradable

Biodegradable – Global Bioplastics Market has been covered from 6 viewpoints.

1.    PBAT

2.    PBS

3.    PLA

4.    PHA

5.    Starch Blends

6.    Others

Non-Biodegradable – Global Bioplastics Market has been studied from 6 viewpoints.

1.    PE

2.    PET

3.    PA

4.    PP

5.    PTT

6.    Others

Packaging applications dominate the global bioplastics market due to their significant role in addressing environmental concerns and meeting consumer preferences.

In an era where plastic pollution is a pressing issue, industries are under increasing pressure to adopt eco-friendly packaging solutions. Bioplastics provide a tangible way for companies to demonstrate their commitment to reducing their carbon footprint and minimizing plastic waste. They are made of cornstarch are used in flexible and loose-fill packaging.​The most common packaging material for food products is polylactic acid (PLA), whereas packaging films are typically made of biopolyethylene terephthalate (PET), biopolyethylene, and biopolypropylene.​Moreover, regulatory shifts towards stricter plastic use regulations and waste management policies amplify the appeal of bioplastics in packaging. With their compatibility with existing packaging infrastructure and ability to maintain product integrity, bioplastics offer a seamless transition for industries seeking more sustainable packaging solutions, thus solidifying their dominance in the global bioplastics market.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=bioplastics-market-p.php

Applications – Global Bioplastics Market has been covered from 7 perspectives.

1.    Packaging

2.    Agriculture

3.    Consumer goods

4.    Textile

5.    Automotive & Transportation

6.    Building & Construction

7.    Others

China has seen a sharp increase in the requirement for biodegradable plastics.

The rapid ascent of China in the global bioplastics market stems from its massive manufacturing capacity, efficient supply chain, competitive production costs, and government-driven environmental regulations, including the ban on single-use plastic bags. These regulations create a compelling incentive for industries to embrace bioplastics, driving market growth. Strategic investments in research, development, and collaborations between academia, industry, and government bodies further fuel innovation in the bioplastics sector. Combined with a vast consumer base, growing environmental awareness, and a favorable regulatory environment, China’s dominance in the global bioplastics market is set to persist, shaping the industry’s trajectory worldwide.

Country – Global Bioplastics Market has been covered from 5 viewpoints.

1.    North America

1.1    United States

1.2    Canada

2.    South America

2.1    Mexico

2.2    Argentina

2.3    Brazil

2.4    Colombia

3.    Europe

3.1    Germany

3.2    United Kingdom

3.3    France

3.4    Italy

3.5    Netherlands

3.6    Spain

4.    Asia Pacific

4.1    China

4.2    South Korea

4.3    Japan

4.4    India

3.5    Indonesia

3.6    Malaysia

3.7    Australia

5.    Middle East & Africa

5.1    Saudi Arabia

5.2    UAE

5.3    Israel

5.4    South Africa

Competitive Landscape.

Major companies like Total Corbion, Mitsubishi Chemical Holding Corporation, Toray Industries (Japan), BASF SA, Green Dot Bioplastics, and Amcor Limited dominate the global bioplastics market.

Company Insights.

•    Overview

•    Recent Developments

•    Sales Analysis

Company Analysis.

1.    Total Corbion

2.    Mitsubishi Chemical Holding Corporation

3.    Toray Industries

4.    BASF SE

5.    Green Dot Bioplastics

6.    Amcor Limited

About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com

LinkedIn: https://linkedin.com/company/renub-research

Thank You

Bioplastics Market size will reach US$ 17.58 Billion by 2030

In a report named “Global Bioplastics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2030,” issued recently by Renub Research, market share insights are incorporated along with a detailed industry analysis. The study of competitors, geographical areas, and growth for global bioplasticsmarket is also covered in the report.

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/bioplastics-market-p.php

Between 2022 and 2030, Global Bioplastics Market will grow at a CAGR of 11.40%. Presently, bioplastics are crucial because they provide a sustainable replacement for conventional plastics. Since they come from renewable resources like cornstarch, sugarcane, or vegetable oil, they can decompose in the environment without threatening ecosystems. Even though the terms “bioplastic” and “organic plastic” are frequently used synonymously, there is a slight difference between the two in that not all organic plastics are bioplastics, whereas bioplastics are always organic. For instance, petroleum-based plastics are organic but not bioplastic because sustainable resources are not present in their making.

The rising awareness among consumers and businesses about the detrimental effects of single-use plastics on the environment is among the essential growth drivers in the global bioplastics market. Furthermore, novel biopolymers, including a biodegradable, low-carbon footprint variety from the University of Bath and energy-efficient processing techniques from the University of California, Berkeley, have added to the bioplastics market. Bioplastics are becoming more prevalent in textiles, compostable food packaging, and biodegradable medical equipment.Global Bioplastics Market will expand to US$17.58 Billion by 2030 due to the growth in environmental awareness, robust regulatory approvals for sustainable materials, and surging demand for eco-friendly alternatives to traditional plastics.

Government policies on bioplastics varyworldwide, reflecting a shared commitment to sustainability and the reduction of plastic waste. The Bio-Based Products Regulation in the European Union (EU) requires businesses to label products with more than 30% bio-based content, and waste management directives support the use of biodegradable plastics in particular situations. While the United State Environmental Protection Agency (EPA) is working on bioplastic disposal guidelines, laws such as the Federal Food, Drug, and Cosmetic Act in the US are focused on the safety of food packaging materials. China, a major bioplastics producer, has implemented stringent regulations, such as banning single-use plastic bags in many cities and actively advocating for bioplastic bag adoption, reinforcing a global trend towards greener plastic alternatives.

Non-biodegradable plastics will continue to maintain strong growth in the global bioplastics market because of their durability, and versatility in various applications.

Industries that require long-lasting and sturdy materials, such as automotive and electronics, find non-biodegradable plastics essential. Moreover, the transition to fully biodegradable options can be a complex process, making non-biodegradable bioplastics a viable transitional solution. As research and development advance, hybrid materials that combine the best attributes of both types of plastics may emerge, further bolstering the prominence of non-biodegradable bioplastics in the market.

Material Type – Global Bioplastics Market has been covered from 2 viewpoints.

1.    Biodegradable

2.    Non-Biodegradable

Biodegradable – Global Bioplastics Market has been covered from 6 viewpoints.

1.    PBAT

2.    PBS

3.    PLA

4.    PHA

5.    Starch Blends

6.    Others

Non-Biodegradable – Global Bioplastics Market has been studied from 6 viewpoints.

1.    PE

2.    PET

3.    PA

4.    PP

5.    PTT

6.    Others

Packaging applications dominate the global bioplastics market due to their significant role in addressing environmental concerns and meeting consumer preferences.

In an era where plastic pollution is a pressing issue, industries are under increasing pressure to adopt eco-friendly packaging solutions. Bioplastics provide a tangible way for companies to demonstrate their commitment to reducing their carbon footprint and minimizing plastic waste. They are made of cornstarch are used in flexible and loose-fill packaging.​The most common packaging material for food products is polylactic acid (PLA), whereas packaging films are typically made of biopolyethylene terephthalate (PET), biopolyethylene, and biopolypropylene.​Moreover, regulatory shifts towards stricter plastic use regulations and waste management policies amplify the appeal of bioplastics in packaging. With their compatibility with existing packaging infrastructure and ability to maintain product integrity, bioplastics offer a seamless transition for industries seeking more sustainable packaging solutions, thus solidifying their dominance in the global bioplastics market.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=bioplastics-market-p.php

Applications – Global Bioplastics Market has been covered from 7 perspectives.

1.    Packaging

2.    Agriculture

3.    Consumer goods

4.    Textile

5.    Automotive & Transportation

6.    Building & Construction

7.    Others

China has seen a sharp increase in the requirement for biodegradable plastics.

The rapid ascent of China in the global bioplastics market stems from its massive manufacturing capacity, efficient supply chain, competitive production costs, and government-driven environmental regulations, including the ban on single-use plastic bags. These regulations create a compelling incentive for industries to embrace bioplastics, driving market growth. Strategic investments in research, development, and collaborations between academia, industry, and government bodies further fuel innovation in the bioplastics sector. Combined with a vast consumer base, growing environmental awareness, and a favorable regulatory environment, China’s dominance in the global bioplastics market is set to persist, shaping the industry’s trajectory worldwide.

Country – Global Bioplastics Market has been covered from 5 viewpoints.

1.    North America

1.1    United States

1.2    Canada

2.    South America

2.1    Mexico

2.2    Argentina

2.3    Brazil

2.4    Colombia

3.    Europe

3.1    Germany

3.2    United Kingdom

3.3    France

3.4    Italy

3.5    Netherlands

3.6    Spain

4.    Asia Pacific

4.1    China

4.2    South Korea

4.3    Japan

4.4    India

3.5    Indonesia

3.6    Malaysia

3.7    Australia

5.    Middle East & Africa

5.1    Saudi Arabia

5.2    UAE

5.3    Israel

5.4    South Africa

Competitive Landscape.

Major companies like Total Corbion, Mitsubishi Chemical Holding Corporation, Toray Industries (Japan), BASF SA, Green Dot Bioplastics, and Amcor Limited dominate the global bioplastics market.

Company Insights.

•    Overview

•    Recent Developments

•    Sales Analysis

Company Analysis.

1.    Total Corbion

2.    Mitsubishi Chemical Holding Corporation

3.    Toray Industries

4.    BASF SE

5.    Green Dot Bioplastics

6.    Amcor Limited

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Biodegradable Plastics Market: https://www.renub.com/biodegradable-plastic-market-p.php

United States Biodegradable Plastics Market: https://www.renub.com/united-states-biodegradable-plastics-market-p.php

3D Printing Powder Market: https://www.renub.com/3d-printing-powder-market-p.php

Water Soluble Polymer Market: https://www.renub.com/water-soluble-polymer-market-p.php

About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com

LinkedIn: https://linkedin.com/company/renub-research