Bioplastics Market is growing at a CAGR of 19.20% in the forecast period (2024-2031)

The bioplastics market is driven by a rise in demand for sustainable plastics by the packaging industry. Biodegradable polymers are used for several applications, but most importantly they are used in the packaging sector. With the rise in the commercial industry, packaging has become the most essential part. Bio-based polymers can replace plastic, therefore reducing plastic pollution. Further, the growing demand for compostable plastics to enhance the quality of the soil boosts the market growth. Plastics finds wide applications in agriculture and horticulture. They are used in manufacturing greenhouses, silos, and storage bags. In addition, the F&B industry is witnessing an increase in demand for polymers based on renewable feedstock. Besides, the demand for ready-to-eat food has grown in developed and developing economies.

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The Global Bioplastics Market size was valued at USD 11.6 Billion in 2022 and is poised to grow from USD 13.83 Billion in 2023 to USD 56.36 Billion by 2031, at a CAGR of 19.20% over the forecast period (2024-2031).

Despite being utilized in a wide range of industries, biodegradable polymers are most visible in the packaging industry due to their qualities being like those of conventional polymers. They are used in both flexible and rigid packing. Due to the increase in worldwide e-commerce, future packaging requirements are anticipated to call for a significant amount of material. As bio-based polymers are easily substituted for conventional plastics, using them can be a great way to reduce plastic pollution. Plastics is widely employed in horticulture and agriculture. They are used to make storage bags, bins, greenhouses, and silos, among other things. In addition, modern semi-intensive and intensive farming practices use a lot of mulching films and harvest-protection bags to regulate soil moisture and nutrient content, stop weed growth, and shield crops from pests.

Market Segmentation:

The Global Bioplastics Market is segmented into raw material, product type, end-use industry, and region.

By raw material, the market is categorized into sugarcane and potato.
Depending on the product type, it is classified into biodegradable and non-biodegradable.
According to end-use industry, the market is bifurcated into packaging and automotive & transport.
Region-wise, it is analyzed across North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.

Top Player's Company Profiles

Braskem
BASF SE
Novamont S.p.A.
Arkema S.A.
Corbion N.V.
Danimer Scientific
Synbra Holding bv
Kaneka Corporation
Plantic Technologies Ltd.
API S.p.A.
AVANTIUM
Toray Industries Inc.
Mitsubishi Chemical Corporation
NatureWorks LLC
Total Corbion PLA

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Essential regions of the Bioplastics market are:

• Bioplastics North America Market includes (Canada, Mexico, USA)
• Bioplastics Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Bioplastics Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Bioplastics South America Market includes (Brazil, Argentina)

FAQs: -

1. What are the sales, production, consumption, imports, and exports of the global market (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
2. Who are the major manufacturers who dominate the world market?
3. What are their current capacity, production, sales, pricing, cost, gross, and revenue operating levels?
4. What are the market's risks and opportunities?

What's more, it likewise covers the request and give of the promoting research concentrate in the assessed figure time frame. Explained investigation of the market players with their profile, deals examination and serious scene is given in the report. Besides, organization, joint effort and consolidations in the business are referenced for the accommodation of the investigation of the global Bioplastics industry.

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Objectives of the Study:

• To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
• To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
• To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
• To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
• To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
• To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

Looking ahead, the Bioplastics Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Bioplastics Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.

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Table of Contents

Global Bioplastics Market Research Report 2024-2031
Chapter 1 Bioplastics Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Bioplastics Market Forecast
...

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