Bioplastic Textiles Market Set to Witness an Uptick during 2022-2031

𝐁𝐢𝐨𝐩𝐥𝐚𝐬𝐭𝐢𝐜 𝐓𝐞𝐱𝐭𝐢𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏
The bioplastic textiles market was valued at US$ 599.67 Mn in 2021
It is estimated to rise at a CAGR of 11.9% from 2022 to 2031
The bioplastic textiles market is expected to reach US$ 1.8 Bn by the end of 2031

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/bioplastic-textile-market.html

𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬' 𝐕𝐢𝐞𝐰𝐩𝐨𝐢𝐧𝐭 𝐨𝐧 𝐁𝐢𝐨𝐩𝐥𝐚𝐬𝐭𝐢𝐜 𝐓𝐞𝐱𝐭𝐢𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨
Bioplastics are biodegradable materials that are obtained from renewable sources and can be utilized to reduce the issue of plastic waste that is suffocating the planet and contaminating the environment. Bioplastics are usually made from PLA, PHA, PET, PTT, and PA, can easily replace synthetic fibers that are utilized in textiles and other related applications. Increase in disposable income has led to a rise in spending on textiles and apparels. Continuous rise in population drives the demand for textile at a steady pace. According to the Environmental Protection Agency, textiles account for about 9% of urban solid waste produced in the U.S., which contributes to the issue of recycling. Use of bioplastics in textile can reduce the demand for synthetic fiber, such as nylon, acrylic, polyesters, PA, and PP, which are manufactured from petroleum. Additionally, bioplastics produce significantly less greenhouse gases as compared to that generated by traditional plastics over their lifespan. Governments are promoting the usage of bioplastic textiles because of their high biodegradability and low toxicity.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=69822

𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 𝐛𝐲 𝐕𝐚𝐫𝐢𝐨𝐮𝐬 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐁𝐢𝐨𝐩𝐥𝐚𝐬𝐭𝐢𝐜 𝐓𝐞𝐱𝐭𝐢𝐥𝐞
The bioplastics textiles market trends indicate toward the extensive of bioplastic textiles in diverse applications, such as footwear, clothing and accessories. Manufacturers of clothes and footwear prefer bioplastics textiles primarily due to environmental sustainability, volatile prices of petroleum, and high price of natural gas, which is the main feedstock for the production of synthetic plastic.
Manufacturers not only include bioplastic textile in their products but also promote their products as environmentally safe. Therefore, various initiatives by renowned brands are augmenting the demand for bioplastic textiles. For instance, Rain Poncho, a raincoat product by Spain-based Equilicua, is the perfect example of bioplastic protective coatings. The raincoat is produced from potato starch. This raincoat is non-toxic, does not pollute the environment, and it is 100% compostable and biodegradable.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=69822

Moreover, the information printed on the raincoat informs users about the benefits of bioplastic textiles and biodegradable materials.
The bioplastic textiles market in North America is mature. The U.S. is a leading consumer of bioplastic textiles in the region. North America accounted for 18.5% share of the global market in 2021. Its share is expected to decline to 16% by 2031.
Europe accounted for 53.7% share of the global market in 2021. Its share is anticipated to remain same by 2031. Increase in the demand for PLA and PTT in the region is the key factor driving the market for bioplastic textiles in Europe.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=69822

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐁𝐢𝐨𝐩𝐥𝐚𝐬𝐭𝐢𝐜 𝐓𝐞𝐱𝐭𝐢𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭
The global bioplastic textiles market comprises several small and large-scale manufacturers and suppliers who control a majority of the share. Most firms are adopting new technologies and strategies with comprehensive research and development, primarily to increase flexibility and manufacturing operations. Expansion of product portfolio and mergers & acquisitions are major strategies adopted by key players. BASF SE, DuPont de Nemours, Inc., FKuR, GALATEA BIO TECH, Biome Bioplastics, Corbion, NatureWorks LLC, Ercros S.A, NaturePlast, and Bio-on SpA are prominent entities operating in the market.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

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