Press release
Bioplastics Market Analysis and Industry Forecast, 2021-2030
The global bioplastics market size was valued at USD 5.8 Billion in 2020 and is projected to reach USD 16.8 Billion by 2030, growing at a CAGR of 11.5% from 2021 to 2030.
Bioplastics are plastics produced using renewable raw materials like cellulose, sugarcane, and corn. Manufacturers can use bio-based plastics because of elements including their environmental friendliness, the availability of renewable feedstocks, and helpful regulatory regulations.
The bioplastics market is expanding as a result of the increased use of biodegradable products and expanded applications for bioplastics across end-user industries. However, the bioplastics market expansion is somewhat constrained by high production costs and relatively low-performance standards when compared to conventional plastics.
VIEW FULL REPORT
https://reports.valuates.com/market-reports/ALLI-Manu-1A1/bioplastics
Bioplastics Market Trends Analysis
To lessen reliance on traditional plastics, industry trends are moving toward bio-based goods. The need for bioplastics has grown as a result of these considerations. In addition, renewable resources can be used to produce bioplastics. Corn, wheat, mastic, and sugarcane are some of the common feedstocks used to make bioplastics. Nearly all geographical areas of the world have easy access to these. As a result, the global market's fluctuation in crude oil prices has no impact on the development of the bioplastics sector. The bioplastics market may expand as a result of these factors.
With customer concern over the environment growing, businesses are turning to sustainable and environmentally friendly solutions to build and strengthen their brand image. For instance, top businesses like Coca-Cola and PepsiCo concentrate on using PET, nylon, and polyethylene with bio-based materials for beverage packaging. Additionally, businesses like NEC Corporation incorporate bioplastics into a variety of their products, including LCD projectors and POS terminals. The expansion of these companies corporate social responsibility (CSR) initiatives are anticipated to boost investor interest in the bioplastic industry and fuel demand for the material. This is expected to boost the bioplastics market profitability by increasing the sales of bioplastics.
However, one of the main problems with the global bioplastics market is the high cost of the product. Currently, bioplastics are more than twice as expensive as traditional plastics made from petroleum. This is primarily caused by the expensive R&D, building a polymer plant, and raw material costs while the production scale is still small. This factor might slow the bioplastics market expansion for bioplastics.
Bioplastics Market Share Analysis
Non-biodegradable bioplastics held the largest market share in 2017. The market is expected to develop as a result of the rising demand for non-biodegradable polymers made of polyethylene terephthalate. Bottle wrapping frequently makes use of PET. The world's industry for sustainable packaging is expanding quickly, and this, together with the fluctuating price of crude oil, is boosting the market for Bio-PET.
Bio-PET is significantly lighter than traditional PET in terms of weight. Additionally, Bio-PET is anticipated to meet the growing demand for lightweight materials in the automotive industry. Additionally, it is anticipated that favorable government policies will fuel demand for Bio-PET as an eco-friendly replacement.
The bioplastics market in Europe brought in the most money in 2017. The main factors driving the growth of the bioplastics market in the region are the enactment of pro-bioplastics policies by European policymakers and the rise in the adoption of bioplastics in Germany, Italy, and the UK.
2017 saw the highest usage of bioplastics in rigid packaging, and this trend is anticipated to remain through 2024. Gloss, barrier effect, antistatic behavior, printability, and other qualities of bioplastics make them appropriate for use in rigid packaging. Bottles, cups, cans, corrugated cases, boxes, and other rigid packaging items made of bioplastic are included.
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 Application
Rigid Packaging
Flexible Packaging
Textile
Agriculture & Horticulture
Consumer Good
Automotive
Electronic
Building & Construction
Others
INQUIRE FOR SAMPLE
https://reports.valuates.com/request/sample/ALLI-Manu-1A1/bioplastics_market
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Rest of LAMEA
SIMILAR REPORT
https://reports.valuates.com/market-reports/QYRE-Auto-28U8772/global-plastic-compounding
https://reports.valuates.com/market-reports/QYRE-Auto-20X11632/global-confectionery-flexible-packaging
https://reports.valuates.com/market-reports/QYRE-Auto-28P6635/global-plastic-bags-sacks
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.
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 Analysis and Industry Forecast, 2021-2030 here
News-ID: 3257037 • Views: …
More Releases from Valuates Reports
Strain Gauge for Force Sensors Market Revenue Share, Insights & Future Outlook
Strain Gauge for Force Sensors Market Size
The global market for Strain Gauge for Force Sensors was valued at US$ 128 million in the year 2023 and is projected to reach a revised size of US$ 207 million by 2030, growing at a CAGR of 7.3% during the forecast period.
How Do Regional Markets and Applications Shape Market Demand?
North American market for Strain Gauge for Force Sensors is estimated to increase from…
Industrial Electric Steam Boiler Market: Revenue Share, Insights & Future Outloo …
Industrial Electric Steam Boiler Market
The global market for Industrial Electric Steam Boiler was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.
How Do Regional Markets and Applications Influence Demand?
North American market for Industrial Electric Steam Boiler was valued at $ million in 2023 and will reach $ million by…
Overhead Catenary Working Vehicles Sales Market Revenue Share, Insights & Future …
Overhead Catenary Working Vehicles Sales Market Size
The global Overhead Catenary Working Vehicles market size was US$ 655 million in 2024 and is forecast to a readjusted size of US$ 808 million by 2031 with a CAGR of 3.1% during the forecast period 2025-2031.
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and…
Sound and Thermal Insulation Market : Revenue Share, Insights & Future Outlook
Sound and Thermal Insulation Market
Sound and thermal insulation are two distinct but related concepts used in construction and building design to enhance the comfort, energy efficiency, and acoustic quality of indoor spaces.
The global Sound and Thermal Insulation market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
There was a growing awareness of…
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…
