The latest report, titled ‘Global Bioplastics Market,’ comprises a profound analysis of the fundamental parameters contributing to the global Bioplastics market scenario. The research report provides the reader with an in-depth interpretation of the Bioplastics market dynamics, including the crucial drivers, opportunities, threats, and challenges. The report also describes the key business strategies, demand and supply ratios, leading regions, and the renowned market players, in a nutshell, offering a futuristic outlook of the overall Bioplastics industry. The market intelligence report is a prototype of the 360° overview of the global Bioplastics industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.
The global bioplastics market size was USD 10.64 Billion in 2021 and is expected to register a revenue CAGR of 16.8% over the forecast period, according to the latest analysis by Emergen Research. Increase in demand for bioplastics from the automotive industry and demand for compostable plastics to improve soil quality are factors expected to support revenue growth of the market between 2022 and 2030. The automotive industry's primary objective and challenge is to reduce fuel consumption and pollutants by reducing vehicle weight. Bioplastics are effective materials for achieving this purpose. These smart plastics, such as bio-PA and bio-PP, have been embraced by major vehicle manufacturers to reduce environmental impact and provide additional strength to automobile components. Thus, demand for these plastics in the automotive industry owing to their excellent properties is anticipated to create lucrative growth prospects for companies in the market.
In horticulture and agriculture, plastics have a wide variety of uses. They can be used to create silos, storage containers, and greenhouses, for instance. Additionally, modern semi-intensive and intensive farming techniques use a lot of mulching films and harvest-protection bags to prevent weed growth, shield crops from pests, and control soil moisture and nutrient levels to foster a favourable microclimate. On the other hand, traditional plastic is not biodegradable and can linger in the ecosystem for numerous growing seasons. By restricting roots from accessing water and nutrients in the soil, it damages the ecosystem and stunts the growth of crops and products. Many agricultural plastics producers have looked at biodegradable polymers that are both technically and commercially viable and made from sustainable and renewable basic materials.
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Competitive Terrain:
The global Bioplastics industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Leading Market Players Profiled in the Report:
BASF SE, NatureWorks, Biome Plastics, Braskem, Biotec, Total Corbion, Plantic Technologies, Mitsubishi Chemical Holdings Corporation, Novamont SPA, and Toray Industries
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Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Bioplastics market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Bioplastics market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Bioplastics market.
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Market Overview:
The report bifurcates the Bioplastics market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
-
Type Outlook (Revenue, USD Billion; 2019-2030)
- Biodegradable
- Polybutylene Adipate Terephthalate (PBAT)
- Polybutylene Succinate (PBS)
- Polylactic Acid (PLA)
- Polyhydroxyalkanoate (PHA)
- Starch Blends
- Others
- Biodegradable
-
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Online
- Offline
-
Application Outlook (Revenue, USD Billion; 2019-2030)
- Packaging
- Textile
- Automotive & Transportation
- Consumer Goods
- Agriculture
- Building & Construction
- Others
Regional Outlook:
- North America (the U.S., Canada, Mexico)
- Europe (the U.K., Germany, France, Italy)
- Asia Pacific (India, China, Japan, Korea)
- Latin America (Brazil, Argentina, Ecuador, Chile)
- Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key reasons to buy the Global Bioplastics Market report:
- The latest report comprehensively studies the global Bioplastics market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products & services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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