[Latest] Global Bioplastics Market Size/Share Worth USD 29.79 Billion by 2030 at a 17.56% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Bioplastics Market size & share revenue was valued at approximately USD 10.35 Billion in 2021 and is expected to reach USD 12.91 billion in 2022 and is expected to reach around USD 29.79 Billion by 2030, at a CAGR of 17.56% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies are BASF SE, BIOME TECHNOLOGIES PLC, CORBION N.V, DANIMER SCIENTIFIC, DOW INC, EASTMAN CHEMICAL COMPANY, KURARAY CO. LTD, MITSUBISHI CHEMICAL HOLDINGS, NOVAMONT S.P.A, PTT GLOBAL CHEMICAL COMPANY LIMITED, FKUR KUNSTSTOFF GmbH, INNOVIA FILMS, NATUREWORKS LLC, Toray Industries, and others.
Sandy, Utah, USA, Feb. 06, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Bioplastics Market Size, Trends and Insights By Type (Biodegradable and Non-biodegradable), By Application (Packaging, Automotive, Agriculture, Textile, Consumer Durables, Horticulture, and Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global
The Europe region has captured to dominate the market during the forecast period 2022-2031. Owing to growing trends of using biodegradable plastic in the food packaging industry. In addition, the remarkable increase in the production of bioplastic has boosted market growth. For instance, according to an article published by European Bioplastics e.V.in the year April 2022, the European bioplastics in cooperation with the nova-Institute, global bioplastics production capacities are set to increase from around 2.42 million tonnes in 2021 to approximately 7.59 million tonnes in 2026.
In the Asia-Pacific region, the growing textile sector has increased the demand for bioplastic products. Furthermore, the growth of the bioplastics market is fueled by an increase in urbanization, improvement in the standard of living, an increase in the fashion consciousness among people, and the adoption of western culture has boosted the textile industry where biodegradable plastics are used extensively. This is projected to have a major impact on the growth of the market in the Asia-Pacific region.
Factors such as changes in lifestyle, and busy schedules of people make them more inclined for purchasing ready-to-eat packaged food. Several manufacturers such as BASF SE, Toray Inc., Solvay Company and others are actively engaged in the manufacturing of bioplastics that are safe and inert for packaged food items.
Furthermore, consumers’ rapid shift toward eco-friendly plastic products has boosted the market growth. For instance, bioplastics break down 60% or more within 180 days or less than traditional plastics. Moreover, the Increasing landfills and waste piles have emerged as serious environmental hazards and resulted in numerous adverse effects on the flora and fauna of the ecosystem. To overcome such problems the demand for biodegradable plastics is most preferred. This is anticipated to increase the growth of the bioplastics market during the forecast period.
(A free sample of the Bioplastics report is available upon request; please contact us for more information.)
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(Please note that the sample of the Bioplastics report has been modified to include the COVID-19 impact study prior to delivery.)
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Segments covered in the report
- Starch blend
- Consumer Durables
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- The U.S.
- The UK
- Rest of Europe
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Rest of Latin America
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This Bioplastics Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Bioplastics? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Bioplastics Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Bioplastics Market? What Was the Capacity, Production Value, Cost and PROFIT of the Bioplastics Market?
- What Is the Current Market Status of the Bioplastics Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of the Bioplastics Market by Considering Applications and Types?
- What Are Projections of the Global Bioplastics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Bioplastics Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Bioplastics Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are the Market Dynamics of the Bioplastics Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Bioplastics Industry?
Reasons to Purchase Bioplastics Market Report
- Bioplastics Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Bioplastics Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Bioplastics Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Bioplastics Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
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Reasons for the Research Report
- The study provides a thorough overview of the global Bioplastics market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Bioplastics market analysis.
- The competitive environment of current and potential participants in the Bioplastics market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
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Who should buy this report?
- Participants and stakeholders worldwide Bioplastics market should find this report useful. The research will be useful to all market participants in the Bioplastics industry.
- Managers in the Bioplastics sector are interested in publishing up-to-date and projected data about the worldwide Bioplastics market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Bioplastics products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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