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
Software-Defined Everything (SDE) Market Size, Trends & Forecasts | Valuates Rep …
Software-Defined Everything (SDE) Market
Software-defined everything (SDE) is an umbrella term for a number of technologies that are helping redefine IT. Currently, this group of technologies encompasses software-defined networking (SDN), software-defined storage (SDS), and software-defined data centers (SDDC). Each approach aims to abstract the operating environment from physical infrastructure, while automating the processes that manage the infrastructure. By freeing businesses from proprietary hardware and simplifying the provisioning and management of IT…
AI Server Market Size, Trends & Forecasts | Valuates Reports
AI Server Market Size
The global AI Server market is projected to grow from US$ 31720 million in 2024 to US$ 78810 million by 2030, at a Compound Annual Growth Rate (CAGR) of 16.4% during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-24S15068/Global_AI_Server_Market_Research_Report_2023?utm_source=openpr&utm_medium=referral&utm_campaign=openpr_referral
Major Trends
The global AI server market is driven by several key factors, including the rising adoption of artificial intelligence across various industries, advancements in AI technology, and the increasing need for…
Precision Air Conditioner Market Size, Trends & Forecasts | Valuates Reports
Precision Air Conditioner Market Size
The global Precision Air Conditioner revenue was US$ 4926.8 million in 2022 and is forecast to a readjusted size of US$ 7815.6 million by 2029 with a CAGR of 6.8% during the forecast period (2023-2029).
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-38A15722/Global_and_India_Precision_Air_Conditioner_Market_Report_Forecast_2023_2029?utm_source=openpr&utm_medium=referral&utm_campaign=openpr_referral
The key precision air conditioning manufacturers are Vertiv, Stulz, Daikin etc. Top 3 companies occupied about 30% market share. China is the largest market, with a share about 35%,…
Non-Segregated Phase Bus Duct Market Set to Surge - Key Insights You Must Know
Non-Segregated Phase Bus Duct Market
Non-segregated phase bus is an assembly of bus conductors with associated connections, joints, and insulating supports confined within a metal enclosure without interphase barriers.
The global Non-Segregated Phase Bus Duct market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-21G10197/Global_Non_Segregated_Phase_Bus_Duct_Market_Insights_Forecast_to_2028?utm_source=openpr&utm_medium=referral&utm_campaign=openpr_referral
North American market for Non-Segregated Phase Bus Duct…
More Releases for Bioplastic
Starch-blended Bioplastic Market Deep Research Report with Forecast by 2032 | BA …
The latest report from Coherent Market Insights examines the growth prospects of the Starch-blended Bioplastic Market from 2025 to 2032. This in-depth analysis covers industry size, market share, business trends, key growth factors, and regional forecasts. The report provides a comprehensive overview by integrating research findings, market assessments, and data from various sources. It explores crucial market dynamics, including drivers, restraints, challenges, and potential risks, while also identifying growth opportunities,…
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…
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…
