Bio-Plastics Market Projected To Soar At A 19.4% CAGR, Reaching USD 22.9 Bn By 2030

Published: 2024-01-09
Views: 86
Author: mahesh07
Published in: Business

Bio-Plastics Market Projected To Soar At A 19.4% CAGR, Reaching USD 22.9 Bn By 2030

Bio-Plastics Market Overview

The report dives deep into the current and future landscape of the Bio-Plastics Market, offering a comprehensive analysis for investors and stakeholders. Covering key sectors and regions, it provides valuable insights into dominant and rapidly growing segments. The report delves into various aspects such as global demand, product manufacturing, revenue generation, and sales.

Bio-Plastics Market Report Scope and Research Methodology

This report is a go-to resource for anyone interested in the Bio-Plastics industry. It covers market size, share, trends, and forecasts, with a detailed analysis of drivers, restraints, opportunities, and challenges. The competitive landscape section is rich with information on key players, their partnerships, business growth, and acquisitions. Company profiles offer a closer look at their overviews, product benchmarks, insights, and SWOT analysis.

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A meticulous bottom-up approach was employed to estimate global and regional Bio-Plastics market sizes. Primary and secondary data were combined and analyzed rigorously. The report incorporates a PESTLE analysis to gauge the impact of macroeconomic and microeconomic factors, while Porter's five forces analysis explores growth opportunities for new market entrants.

Bio-Plastics Market Regional Insights

The research provides a thorough analysis of market size and dynamics across North America, Canada, Mexico, Europe, Germany, France, Spain, Italy, Asia-Pacific, China, India, Japan, Australia, Korea, ASEAN countries, South America, Brazil, and the Middle East and Africa.

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Bio-Plastics Market Segmentation:

Based on Type, the Bio-plastics market is segmented into Biodegradable bio-plastics and Non-Biodegradable Bio-plastics. The biodegradable bioplastics segment dominated the market in 2023 and is expected to hold the largest Bio-plastics Market share over the forecast period. The biodegradable bioplastics segment in the bio-plastics market is a specific category within the broader bioplastics industry.

by Types

Biodegradable
Polyester
Polylactic Acid (PLA)
Polyhydroxyalkanoates (PHA)
Starch Blends Others
Non-biodegradable
Bio-PE (polyethylene)
Bio-PET (polythene terephthalate)
Bio-PA (polyamide)
Others

by Application

Packaging
Textile
Agriculture & Horticulture
Consumer Good
Automotive, Electronic
Building & Construction
Others

Based on Application, The most dominating segment in the Bio-plastics market is packaging, and this dominance is attributed to the urgent global push for sustainable packaging solutions. With increasing environmental awareness and stringent regulations, industries are actively seeking alternatives to conventional packaging materials. Biodegradable packaging offers a compelling solution by addressing concerns related to plastic pollution and contributing to a circular economy.

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Bio-Plastics Market Key Players

Europe
1. Novamont SPA: (Italy)
2. BASF SE: (Germany)
3. Natureworks LLC: (United States)
4. Corbion Purac: (Netherlands)
5. Biome Technologies PLC: (United Kingdom)
6. Solvay SA: (Belgium)
7. Corbion NV: (Netherlands)
North America
1. Metabolix Inc.: (United States)
2. Cardia Bioplastics: (Australia)
3. NatureWorks LLC: (United States)
4. BioSphere Plastic: (United States)
5. Dow Plastics: (United States)

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