Bioplastic Textiles Market to Advance at CAGR of 11.9% During 2022-2031

The demand of bioplastic textiles market products is anticipated to gain strong traction on back of need for adopting sustainable products in the apparel and textile industry worldwide. The global market study on bioplastic textiles market found that spiralling plastic waste problem and its devastating impact on environment has nudged industry players to grow their R&D spending on bioplastics. The bioplastic textiles market size is forecast to reach US$ 1.8 Bn by the 2031.

The use of bioplastics in textiles is likely to gather momentum in the next few years, pivoting on brands increasingly seeking to attract consumers with sustainable products. As a result, the use of synthetic fibres has dwindled considerably over the years, given the fact that they contribute significantly to micro plastics pollutions. Bioplastic fabrics and yarns made from polytrimethylene terephthalate (PTT) are on the path of commercialization, thereby generating enormous revenue potential for firms in the bioplastic textiles market.

Request a Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=69822&utm_source=OpenPR&utm_medium=Kaustubh

The apparel industry including the fashion textiles is witnessing incredible customer proposition in array of bioplastics. In recent years, the bioplastics industry has also made enormous advancement, and host of new bioplastics utilizing novel materials have come to benefit players in the bioplastic textiles market.

Key Findings of Bioplastic Textiles Market Study

Environmental Benefits Spurring Adoption in Textile Industry: The study found that there is a massive demand for bioplastic textiles among clothing manufacturers. Firms are tapping into the massive revenue potential especially by offering products to manufacturers of apparel. Of note, the clothing segment held a major share of 46.7% in 2021. The demand for bioplastic textiles will also come from home decor products such as sofas and curtains, and the growth of the segment will generate sizable revenues during the forecast period.

Rising Adoption of PLA and PTT Bioplastics in Nonwoven Textiles: PTT and PLA bioplastics are extensively adopted by the textile industry. The PTT segment is projected to account for revenue share of 47.1% by the end of the forecast period. Polytrimethylene terephthalate (PTT) bioplastics have gained robust commercialization, propelled by the utilization of these in polyester. Widespread utilization of bioplastic fibers in carpets and similar products will create profitable avenues.

Innovations in Bioplastics to Expand Avenue for New Product Attributes: Bioplastics made from sustainable and biodegradable materials are extending the horizon for promising market prospects. A case in point is growing interest of agar bioplastic among textile suppliers. The pursuit of new materials with novel characteristics will pave the way for product innovations in the bioplastic textiles market.

Bioplastic Textiles Market: Key Drivers

Advancements in textile recycling practices especially in developed countries reiterate on adopting textiles made with environmental-friendly raw materials. Rising concerns of textiles being a part of municipal solid waste in several countries will drive the need for bioplastics in various textile, thus driving the bioplastic textile market.

Consumers have become more aware about the products they consume and are leaning toward those made with materials that don't harm the ecology or environment. This will accelerate the push toward bioplastics adoption in the apparel and textile industry.

Bioplastic Textiles Market: Regional Growth Dynamic

North America held a major share of the global bioplastic textile market in 2021. The study estimates that the region is likely to lose share by the end of the forecast period-amounting to 16%--and this is mainly on the back of maturing consumer demand.

Europe accounted for more than half of the market shares in 2031, and is expected to retain its lead until the end of the forecast period. The revenues streams are propelled by the uptake of polylactic acid (PLA) and polytrimethylene terephthalate (PTT) bioplastics in the textile industry.

Bioplastic Textiles Market: Key Players

Expansion of product portfolio and engaging in mergers and acquisitions are some of the key competitive strategies implemented by leaders in the bioplastic textiles market during the forecast period.

Some of the prominent companies in the market are NaturePlast, Ercros S.A, Nature Works LLC, Corbion, Biome Bioplastics, GALATEA BIO TECH, FKuR, DuPont de Nemours, Inc., and BASF SE.

Bioplastic Textiles Market Segmentation

Material

PTT: Polytrimethylene terephthalate
PA: Polyamide
PET: Polyethylene terephthalate
PLA: Polylactic acid or polylactide
Other

Application

Home Textile
Clothing
Footwear
Others
Source
Sugarcane
Beet
Corn Starch
Cassava
Others (Wheat, Potato)

Regions

North America
Europe
Asia Pacific
Rest of the World

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=69822<ype=S&utm_source=OpenPR&utm_medium=Kaustubh

More Trending Reports by Transparency Market Research -

Biocompatible 3D Printing Materials Market- https://www.transparencymarketresearch.com/biocompatible-3d-printing-materials-market.html

Copper Market- https://www.transparencymarketresearch.com/copper-market.html

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com

This release was published on openPR.