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 sorts of packaging applications, with the packaging industry accounting for the largest share of the bioplastic composites market.

VIEW FULL REPORT
https://reports.valuates.com/market-reports/ALLI-Auto-2U246/bioplastic-composites

Bioplastic composites are frequently utilized in packaging for goods related to food, drink, cosmetics, the chemical industry, and household cleaners. Additionally, CD, disc, DVD, and media packaging can be made with injection-molded bioplastics. High-grade materials should be used to create bioplastic packaging so that it can withstand harsh chemicals and climatic conditions. Polypropylene, low-density polyethylene, and high-density polyethylene are the polymers that are employed in the injection molding of bioplastic packaging. These factors will further influence the bioplastic composites market growth.

Bioplastics Composites Market Trends
The need for bioplastic composites is expected to increase due to the increased use of plastic derived from petroleum. Products made of petroleum-based plastic offer a number of environmental risks due to the usage of fossil fuels during manufacturing. Additionally, the creation of plastics is a costly process that heavily relies on the extraction and processing of fossil fuels. Bioplastic composites are utilized to get around this problem since they help reduce the need for non-renewable feedstock materials in the manufacture of plastic. For the creation of bioplastic products, starch is a form of composite material. Additionally, using starch-based composite materials minimizes the need for feedstock items with a petroleum foundation. These are the main drivers for the growth of the bioplastic composites market.

Key Segmentation
By Fiber Type
Wood Fiber Composites
Non-Wood Fiber Composites
By Polymer
Natural Polymer
Synthetic Polymer
By End Use Industry
Transportation
Electrical and Electronics
Building and Construction
Aerospace and Defense
Consumer Goods
Others

By Region
North America
○ U.S.

○ Canada

○ Mexico

Europe
○ France

○ Spain

○ Italy

○ Rest of Europe

○ Germany

○ U.K.

Asia-Pacific
○ China

○ India

○ Japan

○ South Korea

○ Australia

○ Rest of Asia-Pacific

LAMEA
○ Brazil

○ Saudi Arabia

○ South Africa

○ Rest of LAMEA

Key Players

○ Mitsubishi Chemical Holdings Group

○ NatureWorks LLC

○ Corbion NV

○ Braskem

○ Owens Corning

○ Arkema S.A.

○ BASF SE

○ Dow

○ Solvay

○ Toray Industries, Inc

INQUIRE FOR SAMPLE
https://reports.valuates.com/request/sample/ALLI-Auto-2U246/_Bioplastic_Composites_Market

SIMILAR REPORT

https://reports.valuates.com/market-reports/QYRE-Auto-34I10644/global-injection-molded-plastics-sales

https://reports.valuates.com/market-reports/QYRE-Auto-1S377/global-plastic-injection-molding-machine

https://reports.valuates.com/market-reports/QYRE-Auto-12X11244/global-plastic-injection-molding-for-medical-device-sales

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

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.