Press release
Bioplastics Market Size Is Projected To Reach USD 16.8 Billion By 2030, Growing At A Cagr Of 11.5% | Valuates Reports
Bioplastic has the potential to reduce carbon dioxide emission. Its greenhouse gas emission is minimal during the time of degradation. These advanced environment-friendly properties and functionalities are anticipated to drive the bioplastics market growth during the forecast period. Furthermore, industry trends are shifting toward bio-based products to reduce the dependency over conventional plastics. These factors have increased the demand for bioplastics. In addition to this, bioplastic can be manufactured from renewable sources. The common feedstocks used for the production of bioplastics include corn, wheat, maze, and sugarcane. These are easily available in almost every geographical region across the globe. Hence, the crude oil price fluctuation in the global market does not affect the growth of the bioplastic industry. These factors may propel the growth of the bioplastics market.
However, high cost of product is one of the biggest issues associated with global bioplastics market. At present, bioplastics are more than twice expensive than the conventional petroleum plastics. This is mainly due to the high costs of R&D, polymer plant construction, & raw materials while the production scale remains low. This factor may restrain the growth of the bioplastics market.
On the contrary, companies are moving toward sustainable and eco-friendly alternatives for developing and strengthening their brand image with rise in environmental concerns among consumers. For instance, leading companies, such as Coca Cola and PepsiCo, focus on the use of bio-based polyethylene, nylon, and PET plastic bottles for beverage packaging. Moreover, companies such as NEC Corporation use bioplastics in their products, which include LCD projectors and POS terminals. Increase in Corporate Social Responsibility (CSR) activities of these companies is projected to fuel the bioplastic demand and promote the investor's interest toward the bioplastic industry. This is anticipated to increase the sales of bioplastics, thus creating lucrative opportunities for the market.
The global bioplastic market is segmented on the basis of type, application, and region. On the basis of type, it is divided into biodegradable plastic and nonbiodegradable plastic. On the basis of application, the market is classified into flexible packaging, rigid packaging, textiles, coating & adhesives, agriculture & horticulture, consumer goods, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, South America, Middle East, and Africa.
View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-1A1/bioplastics
Bioplastics Market Key Segments:
By Type
• Biodegradable Bioplastic
• Polylactic Acid (PLA)
• Polyhydroxyalkanoate (PHA)
• Starch Blend
• Polyester (PBAT & PBS)
• Cellulose Acetate
• Non-biodegradable Bioplastic
• Epoxy
• Polyurethane
• Polyethylene Terephthalate
• Others (PA, PE, EPDM, and PTT)
BY REGION
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
The major companies profiled in this report include BASF SE, Biome Technologies Plc., CJ CheilJedang Corp., Corbion N.V., Danimer Scientific, Dow Inc., Eastman Chemical Company, Kuraray Co. Ltd., LG Chem, Mitsubishi Chemical Holdings, Novamont S.P.A and SKC.
Inquire for Sample: https://reports.valuates.com/request/sample/ALLI-Manu-1A1/bioplastics_market
Similar Reports
Global Plastic Compounding Market - https://reports.valuates.com/market-reports/QYRE-Auto-28U8772/global-plastic-compounding
Antimicrobial Engineering Plastics Market
https://reports.valuates.com/market-reports/QYRE-Auto-25B10489/global-antimicrobial-engineering-plastics
Plating Plastics Market https://reports.valuates.com/market-reports/QYRE-Auto-27S4538/global-and-united-states-plating-plastics
Super Engineering Plastics market
https://reports.valuates.com/market-reports/QYRE-Auto-19P5502/global-super-engineering-plastics
Bioplastic Composite Market
https://reports.valuates.com/market-reports/ALLI-Auto-2U246/bioplastic-composites
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Sitemap: https://reports.valuates.com/sitemap/html/reports
https://reports.valuates.com/sitemap/html/reports/11
https://reports.valuates.com/sitemap/html/reports/12
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bioplastics Market Size Is Projected To Reach USD 16.8 Billion By 2030, Growing At A Cagr Of 11.5% | Valuates Reports here
News-ID: 2853111 • Views: …
More Releases from Valuates Reports
2-Oxazolidinone Market Revenue, Insights, Overview, Outlook, Analysis | Valuates …
2-Oxazolidinone Market Size
The global market for 2-Oxazolidinone was valued at US$ 732 million in the year 2024 and is projected to reach a revised size of US$ 916 million by 2031, growing at a CAGR of 3.3% during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-1I12558/Global_2_Oxazolidinone_Market?utm_source=Openpr&utm_medium=Referral
This report aims to provide a comprehensive presentation of the global market for 2-Oxazolidinone, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess…
Strontium-88 Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Re …
Strontium-88 Market Size
The global market for Strontium-88 was valued at US$ 89 million in the year 2024 and is projected to reach a revised size of US$ 126 million by 2031, growing at a CAGR of 5.2% during the forecast period.
Download Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-34T9158/Global_Strontium_Market?utm_source=Openpr&utm_medium=Referral
This report aims to provide a comprehensive presentation of the global market for Strontium-88, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess…
Cobalt Sulfate Heptahydrate Market Revenue, Insights, Overview, Outlook, Analysi …
Cobalt Sulfate Heptahydrate Market Size
The global market for Cobalt Sulfate Heptahydrate was valued at US$ 449 million in the year 2024 and is projected to reach a revised size of US$ 729 million by 2031, growing at a CAGR of 6.9% during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-19T19438/Global_Cobalt_Sulfate_Heptahydrate_Market?utm_source=Openpr&utm_medium=Referral
The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments…
Ultrasonic Fabric Cutting and Sealing Machine Market Revenue, Insights, Overview …
Ultrasonic Fabric Cutting and Sealing Machine Market Size
The global market for Ultrasonic Fabric Cutting and Sealing Machine was valued at US$ 1200 million in the year 2024 and is projected to reach a revised size of US$ 2091 million by 2031, growing at a CAGR of 8.2% during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-12M18905/Global_Ultrasonic_Fabric_Cutting_and_Sealing_Machine_Market?utm_source=Openpr&utm_medium=Referral
This report aims to provide a comprehensive presentation of the global market for Ultrasonic Fabric Cutting and…
More Releases for Bioplastic
Bioplastic Packaging Market Trends, Drivers and Opportunities
The bioplastic packaging market has been experiencing significant growth, with the global market size reaching approximately USD 17.99 billion in 2023. This industry is expected to continue its upward trajectory, with projections indicating it could reach around USD 87.98 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of 17.2% during the forecast period from 2024 to 2033.
As consumer demand for sustainable alternatives to traditional plastics increases, bioplastics…
Starch-blended Bioplastic Market Size 2024: Share, Technology, Growth, Opportuni …
Global Starch-blended Bioplastic Market Growing Demand and Growth Opportunity 2024-2031:
The Latest Report, titled "Starch-blended Bioplastic Market" Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030, by Coherent Market Insights offers a comprehensive analysis of the industry, which comprises insights on the market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The Starch-blended Bioplastic market has been growing significantly in recent years,…
Bioplastic Composites Market Forecast, 2020-2030
Bioplastics Composites Market
The global bioplastic composites market was valued at USD 27.3 billion in 2020 and is projected to reach USD 73.9 billion by 2030, growing at a CAGR of 10.5% from 2021 to 2030. The increase in the use of bioplastic composites in the consumer goods, packaging, and healthcare end-use industries is what is fueling the expansion of the global bioplastic composites market. Bioplastic is employed in practically all…
Bioplastic for Pet Food Packaging: Sustainability 2.0
Sustainability has become a major force in pet food packaging. Pet owners want to know that their dog, cat, or other pet food bag does not float in the Pacific with other environmental issues.
The new bioplastic based pet food packaging uses sugarcane-based biopolymers and supports the ongoing commitment of only natural pets to environmental sustainability and carbon reduction.
Preview Report @ https://www.transparencymarketresearch.com/pet-food-packaging-market.html
Bioplastics have been developed to eliminate the problems caused by…
Biodegradable Bioplastic Manufacturing / Processing Unit
Biodegradable plastic is a type of Renewable or naturally degradable or Disposable plastic, which has been invested to minimize the pollution from the earth. Currently, conventional plastic or Petro-chemical based plastics have captured 95% of the plastic industry. But, the use of plastic has been banned in various countries, due to the polluting nature of the non-recyclable plastic. Hence, the production of bioplastics is predicted replace by 10% - 35%…
Bioplastic Packaging Market Outlook to 2025 - Global Key Player Dow Chemical, Ca …
The report aims to provide an overview of global bioplastic packaging market with detailed market segmentation. Also, it analyzes the current bioplastic packaging market scenario and forecasts the market to 2025. The report further covers market dynamics affecting the bioplastic packaging market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes…
