Increasing Global Demand for the Bioplastic Market | Key Factors, Major Segments, and Geographical Insights

Overview of Bioplastic Market Study

The most recent publication by Markntel Advisor provides an extensive and unbiased analysis of the Global Bioplastic Market, including its size, growth prospects, demand, share, and future scope. This comprehensive report is a culmination of meticulous research, unbiased opinions, and relevant data, addressing various aspects of the industry and its global market impact. Prepared by expert researchers, the report prioritizes the interests of shareholders and offers a detailed overview of the industry, covering every minute section and consolidating the major factors influencing market fluctuations.

Report Timeline:

  • Historicalperiod: 2018 – 2021
  • Base Year:2022
  • Forecasting period:2023 – 2028

The Report Include Answers The Following Questions:

  • What are the key drivers and trends in the industry, and how is the market structured?
  • How are the market segments divided, and what is their respective size?
  • Which segments and geographies offer the most expansion opportunities?
  • What is the competitive landscape and market positioning of the players?

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Estimation of Bioplastic Market Size and Growth Until 2028

The Global Bioplastic Market is projected to experience significant growth during the forecast period from 2023 to 2028, with an estimated Compound Annual Growth Rate (CAGR) of approximately 10.12%.

Geographical Breakdown of Bioplastic Market:

The Bioplastic market is categorized into the following regions:

  • North America
  • South America
  • Europe
  • The Middle East and Africa
  • Asia-Pacific

Through regional analysis, the report aims to provide an overview and forecast of the market based on regional, cultural, regulatory, political, economic, social, technological, and other variations within the industry. This includes examining the presence or absence of major market players, consumer behavior, manufacturing sites, and other relevant factors.

Opportunities in Bioplastic Market:

Growing Demand for Compostable Carry Bags in Asia-Pacific Region – Bioplastics have emerged as a viable option for many of the conventional plastic-based products, of which carry bags are one of the key products. The extensive usage of plastic bags due to their economical production cost, as well as well-established production, supply chain, and distribution network, has made a large number of countries dependent on the usage. Due to the consumption of plastic bags, a vast amount of non-biodegradable plastic waste is produced, which is highly contaminant. Thus, in order to cope with the challenges & a sustainable alternative to reduce the packaging solutions, many countries have focused on supporting the industries to enhance/develop these organic resources. The usage of bioplastics, especially compostable ones, has been the prime focus, which would be conducive to the upcoming growth opportunities as it would act as a great packaging solution for various end-user industries, including consumer goods & food packaging industry..

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List of Prominent Companies in the Bioplastic Market and Their Latest Investment/Development –

Solvay S.A. launched ISCC PLUS certified mass balance hydroquinone & hydroquinone monomethyl ether as raw materials in epoxy & polyester coatings, etc. Products are produced to manage the polymer, coating, adhesive, pharmaceutical, and agrochemical businesses’ demand for enhanced sustainability, environmental-friendly feedstock, and a lower carbon footprint.

Other Companies – 

  • – Novamont S.p.A
  • – Arkema S.A.
  • – Matrica S.p.A.
  • – Solvay S.A.
  • – NatureWorks LLC
  • – Total Corbion PLA bv
  • – PTT MCC Biochem Co. Ltd
  • – Roquette Feres
  • – Avantium
  • – Toray Industries Inc.
  • – LyondellBasell Industries Holding B.V.
  • – BASF SE
  • – BioApply
  • – Braskem
  • – Biofase
  • – Others (Genecis, Trifilon, Kaneka Takasaho, Danimer Scientific, Taghleef Industries, etc.)

The research report extensively covers key market players and their developments in the Bioplastic market. The market is moderately fragmented, with numerous players holding insignificant market shares that individually impact the market dynamics. The report provides detailed information about these companies, including their profiles, offerings, financial data, key developments, and more.

Bioplastic Market Analysis 2023-2028: Complete Segmentation Study

1. By Product Type
  • Biodegradable
    • Polylactic Acid
    • Cellulose Film
    • Starch Blend
    • Polybutylene Adipate Terephthalate (PBAT)
    • Polybutylene Succinate (PBS)
    • Others
  • Non-Biodegradable
    • Polyethylene
    • Polyethylene Terephthalate
    • Polyamide
    • Polytrimethylene Terephthalate
    • Others
2. By Raw Material
  • Sugarcane
  • Potato
  • Corn Starch
  • Switch grass
  • Vegetable Oil
  • Cassava
  • Wheat
  • Others
3. By End-User
  • Packaging
    • Rigid Packaging
    • Flexible Packaging
  • Agriculture
  • Consumer Goods
  • Automotive & Transport
  • Agriculture & Horticulture
  • Electrical & Electronics
  • Textiles
  • Others (Building & Construction, coatings & adhesives, etc.)

The market is broadly fragmented, encompassing various segments and sub-segments. The report aims to define, study, and predict the trajectory of each bifurcation, presenting information, trends, and advancements that affect the flow of these segments. This helps stakeholders navigate and thoroughly investigate the industry down to its minute details.

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Parameters for Examining the Bioplastic Market Report

  1. This study offers a comprehensive examination of the Bioplastic Market, presenting valuable insights into its key patterns, advancements, drivers, and challenges. It focuses on different market segments, identifying potential milestones for growth throughout the projected timeframe.
  2. This market research report illuminates the significant factors that are shaping the dynamics of the market. It discusses the obstacles and opportunities that competitors are encountering. Furthermore, it delves into the industry’s fluctuations, providing detailed insights and predictions that influence its growth in terms of market segmentation and geographical landscape.
  3. Additionally, the report conducts an in-depth analysis of the competitive structure and fragmentation within the industry. It emphasizes crucial aspects such as alliances, mergers and acquisitions, strategic loyalty, and investment. These insights provide a comprehensive understanding of the current state of the market and its future prospects.

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