Bioplastics & Biopolymers Market Size and Share Insights 2022 - Industry Key Players with Growth Status, Revenue Expectations, and Regional Analysis Forecast to 2030

The market crossed US$ 10.5 billion mark in 2022 and is expected to hit US$ 36 billion by 2030, recording a CAGR of 14% during the forecast period.

The Report Bioplastics & Biopolymers Market study by "Business Market Insights" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

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The growing concern for the environment is fuelling the use of bioplastics & biopolymers from the various end-use industries such as packaging, consumer good, automotive, and others. In addition, the stringent regulatory and sustainability mandates in different countries across the globe creates the demand for bioplastics & biopolymers. The increasing consumer awareness regarding the adverse effects of using plastics is encouraging them to use of biodegradable plastic. The packaging segment is expected to pace up with the growing use of bioplastics & biopolymers in the packaging industry. Further, other segments such as consumer goods, automotive, textiles, and agriculture are also expected to gain traction during the forecasted year.

Major key players covered in this Bioplastics & Biopolymers Market report:

• NatureWorks
• Braskem
• BASF SE
• Total Corbion
• Toray Industries

The report provides the current market size for Bioplastics & Biopolymers, defines trends and presents growth forecasts for nine years from 2022 to 2030. 2021 is considered as the base year, and 2022 to 2030 is forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of Bioplastics & Biopolymers Market for all the regions globally.

The scope of the Bioplastics & Biopolymers Market Report:

The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the Bioplastics & Biopolymers. The study also provides market insights and analysis of the Bioplastics & Biopolymers, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.

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Bioplastics & Biopolymers Market Segmentation:
Type
• Non-Biodegradable
• Biodegradable

End-Use Industry
• Packaging
• Consumer Goods
• Automotive
• Textiles
• Agriculture

The global Bioplastics & Biopolymers Market is segmented based on deployment, component, solution, application, and geography. The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.

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This release was published on openPR.