Shimadzu Corp (7701) - Product Pipeline Analysis, 2023 Update

South America Bioplastics Market Summary, Competitive Analysis and Forecast to 2027

Summary

Bioplastics in South America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• Bioplastics are a type of plastic material derived from renewable sources such as plants, agricultural by-products, and microorganisms. Unlike traditional plastics, which are made from fossil fuels, bioplastics are made using biological materials and processes.
• The South American bioplastics market had total revenues of $0.9 billion in 2022, representing a compound annual growth rate (CAGR) of 10.1% between 2017 and 2022.
• Market consumption volume increased with a CAGR of 10.3% between 2017 and 2022, to reach a total of 322.4 thousand tonnes in 2022.
• The consumption of bioplastics increased by 13.9% in 2022 owing to factors like is consumer acceptance of plant-based products, legislative support for the creation of biodegradable packaging materials, and an abundance of renewable raw material sources.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bioplastics market in South America
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bioplastics market in South America
• Leading company profiles reveal details of key bioplastics market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South America bioplastics market with five year forecasts

Reasons to Buy

• What was the size of the South America bioplastics market by value in 2022?
• What will be the size of the South America bioplastics market in 2027?
• What factors are affecting the strength of competition in the South America bioplastics market?
• How has the market performed over the last five years?
• Who are the top competitors in South America's bioplastics market?