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Bioplastics Market worth $33.72 billion by 2030, growing at a CAGR of 13.25% - Exclusive Report by 360iResearch
Bioplastics Market | 360iResearch
The Global Bioplastics Market to grow from USD 14.10 billion in 2023 to USD 33.72 billion by 2030, at a CAGR of 13.25%.
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Bioplastics are materials derived from renewable sources such as plants, microorganisms, and agricultural waste that can function as alternatives to conventional plastics produced from fossil fuels. They exhibit similar properties to traditional plastics regarding flexibility, durability, and lightweight performance, making them suitable for various applications in packaging, automotive components, electronics, agriculture, and medical devices. Increasing environmental concerns and stricter regulations regarding plastic waste disposal have led to a higher demand for eco-friendly alternatives such as bioplastics. Rising public awareness about using sustainable products also drives the adoption of bioplastics. However, the production cost of bioplastics is higher than that of conventional plastics due to feedstock prices, economies of scale, and investment in research & development. Moreover, the development of new application areas for bioplastics and research to develop high-performance biopolymers with enhanced properties can broaden their adoption across various industries.
The bioplastic market is evolving in the Americas with a strong focus on sustainability and reducing plastic pollution and investments in research and development (R&D) for innovative bioplastic solutions. The Europe, Middle East, and Africa region exhibits a varied landscape for bioplastics development owing to the efforts towards a circular economy by implementing policies and introducing legislation encouraging innovation in bioplastics. Africa, though currently having a small share of the global bioplastics market, offers considerable growth potential due to increasing consumer awareness of environmental concerns and regional governments' policy initiatives against single-use plastics. The Asia Pacific region is witnessing rapid bioplastic advancements, primarily owing to the focus on reducing plastic waste, leading to growing demand for biodegradable materials. Besides, ongoing 3D printing of bioplastics and expanding applications in healthcare are anticipated to boost the demand for bioplastics worldwide.
Market Segmentation & Coverage:
This research report categorizes the Bioplastics Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Raw Material, market is studied across Aliphatic Polyesters, Cellulose-Based, Starch-Based, and Sugarcane-Based. The Sugarcane-Based is projected to witness significant market share during forecast period.
Based on Degradability, market is studied across Biodegradable, Compostable, and Degradable. The Compostable is projected to witness significant market share during forecast period.
Based on Processing Method, market is studied across Extrusion and Injection Molding. The Injection Molding is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Agriculture, Automotive, Consumer Goods, Healthcare, Packaging, and Textile. The Textile is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.09% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Bioplastics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Bioplastics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Bioplastics Market, highlighting leading vendors and their innovative profiles. These include Arkema S.A., Avantium N.V, BASF SE, Bewi Group, Bio-on S.p.A., Biome Bioplastics Limited, Braskem SA, Carbios, Celanese Corporation, Clondalkin Group Holdings B.V., Danimer Scientific, Eastman Chemical Company, FKuR Kunststoff GmbH, GC International by PTT Global Chemical PLC, Good Natured Products Inc., Green Dot Bioplastics Inc., Ilkwang Polymer Co.,Ltd., Kuraray Co., Ltd., Mitsubishi Chemical Corporation, Natur-Tec by Northern Technologies International Corporation, NatureWorks LLC, Neste Oyj, Novamont SpA, Plantic Technologies Ltd., Roquette Frères, TianAn Biologic Materials Co., Ltd., Toray Industries Inc., TotalEnergies Corbion BV, and UrthPact, LLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Bioplastics Market, by Raw Material
7. Bioplastics Market, by Degradability
8. Bioplastics Market, by Processing Method
9. Bioplastics Market, by End-User
10. Americas Bioplastics Market
11. Asia-Pacific Bioplastics Market
12. Europe, Middle East & Africa Bioplastics Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Bioplastics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Bioplastics Market?
3. What is the competitive strategic window for opportunities in the Bioplastics Market?
4. What are the technology trends and regulatory frameworks in the Bioplastics Market?
5. What is the market share of the leading vendors in the Bioplastics Market?
6. What modes and strategic moves are considered suitable for entering the Bioplastics Market?
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About 360iResearch
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