Press release
Bioplastic Textiles Market Poised to Reach US$ 1.8 Billion by 2031 with an Impressive 11.9% CAGR Growth from 2022
Market Overview
The global bioplastic textiles market, valued at US$ 599.67 million in 2021, is projected to grow at an impressive CAGR of 11.9% from 2022 to 2031, reaching a market value of US$ 1.8 billion by 2031. Bioplastic textiles offer a sustainable alternative to conventional textiles, leveraging bio-based materials derived from renewable sources.
Request Sample Copy of Market Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=69822&utm_source=OpenPR_Sandeep&utm_medium=OpenPR
Key Developments
On October 04, 2021, Welspun India and DuPont Biomaterials collaborated to launch a new home textile collection, including bath towels and bed sheets, made with bio-based materials. This initiative addresses the increasing demand for sustainable home textile products without compromising on performance.
On September 09, 2019, Total Corbion PLA inaugurated its 75,000 tons per year PLA bioplastics plant in Rayong, Thailand, marking a significant milestone in increasing the production capacity of this versatile biopolymer. This expansion underscores the growing investment in bioplastic production infrastructure to meet rising demand.
On September 18, 2019, Schoeller FTC (SFTC) line entered into a joint venture with Formosa Taffeta Co. Ltd. to introduce PROEARTH Biodegradable Textiles. This collaboration aims to offer bluesign-approved fabrics designed for lifestyle, fashion, and outdoor categories, catering to environmentally-conscious consumers.
Market Segmentation
The market is segmented based on various parameters:
Material: PTT (Polytrimethylene terephthalate), PA (Polyamide), PET (Polyethylene terephthalate), PLA (Polylactic acid), Others
Application: Home Textile, Clothing, Footwear, Others
Source: Sugarcane, Beet, Corn Starch, Cassava, Others (Wheat, Potato)
Request TOC of Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=69822&utm_source=OpenPR_Sandeep&utm_medium=OpenPR
Regional Analysis
The market is analyzed across regions including North America, Europe, Asia Pacific, and the Rest of the World, with each region presenting unique growth opportunities influenced by factors such as regulatory environment, consumer preferences, and technological advancements.
Market Drivers and Challenges
Market Drivers:
Increasing Consumer Awareness about Sustainability
Stringent Regulatory Frameworks Promoting Eco-Friendly Practices
Growing Demand for Biodegradable Textile Solutions
Market Challenges:
High Initial Investment Costs
Limited Availability of Raw Materials
Technical Challenges in Processing Bioplastics
Market Trends
Innovative Material Solutions: Manufacturers are focusing on developing bioplastic textiles using innovative materials such as PLA, PTT, and PA, offering enhanced performance and sustainability benefits.
Collaborations and Partnerships: Strategic collaborations between key players across the value chain are driving innovation and expanding product offerings to meet evolving consumer demands.
Future Outlook
The global bioplastic textiles market is poised for significant growth, fueled by factors such as increasing environmental consciousness, technological advancements, and shifting consumer preferences towards sustainable products.
Key Market Study Points
Market Size and Growth Projections
Regulatory Landscape and Compliance Requirements
Technological Innovations and Material Developments
Competitive Benchmarking and Market Share Analysis
Competitive Landscape
Key players in the bioplastic textiles market include BASF SE, DuPont de Nemours, Inc., FKuR, GALATEA BIO TECH, Biome Bioplastics, Corbion, NatureWorks LLC, Ercros S.A, NaturePlast, and Bio-on SpA.
Buy Full Report Here: https://www.transparencymarketresearch.com/checkout.php?rep_id=69822<ype=S&utm_source=OpenPR_Sandeep&utm_medium=OpenPR
Top Market Research Reports:
Amniotic Membrane Market: https://www.globenewswire.com/en/news-release/2024/02/08/2825852/32656/en/Amniotic-Membrane-Market-is-Projected-to-Surpass-USD-5-2-billion-by-2031-Growing-at-CAGR-9-9-Report-by-Transparency-Market-Research-Inc.html
Veterinary MRI Systems Market: https://www.globenewswire.com/en/news-release/2024/02/08/2825792/32656/en/Veterinary-MRI-Systems-Market-Size-is-Projected-to-Reach-USD-193-0-million-by-2031-at-a-CAGR-6-6-States-Transparency-Market-Research-Inc.html
State Tower, 90 State Street, Suite 700,
Albany NY - 12207, United States
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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 Bioplastic Textiles Market Poised to Reach US$ 1.8 Billion by 2031 with an Impressive 11.9% CAGR Growth from 2022 here
News-ID: 3378369 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
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…
