United States of America (USA) Bioplastics Market Size, Segmentation by Category and Geography, Competitive Landscape and Forecast, 2017-2026

United States of America (USA) Bioplastics Market Size, Segmentation by Category and Geography, Competitive Landscape and Forecast, 2017-2026

Summary

Bioplastics in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-21, and forecast to 2026). 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 large family of different materials, and not just one single material. They comprise of a whole family of materials with different properties and applications. According to European Bioplastics, a plastic material is defined as a bioplastic if it is either biobased, biodegradable, or features both properties. The market is segmented into biodegradable plastics and biobased/non-biodegradable plastics. Biodegradable Plastics: Biodegradation is a chemical process during which microorganisms that are available in the environment convert materials into natural substances such as water, carbon dioxide, and compost (artificial additives are not needed). The process of biodegradation depends on the surrounding environmental conditions (e.g. location or temperature), on the material and on the application. Biobased/Non-Biodegradable: The term ‘biobased’ means that the material or product is (partly) derived from biomass (plants). Biomass used for bioplastics stems from e.g. corn, sugarcane, or cellulose.
• The US bioplastics market had total revenues of $1.0bn in 2021, representing a compound annual growth rate (CAGR) of 10.8% between 2016 and 2021.
• Market consumption volume increased with a CAGR of 4.4% between 2016 and 2021, to reach a total of 239.1 thousand tonnes in 2021.
• The value of the US bioplastics market grew by 13.2% in 2021.

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bioplastics market in the United States
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bioplastics market in the United States
• 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 United States bioplastics market with five year forecasts by both value and volume

• What was the size of the United States bioplastics market by value in 2021?
• What will be the size of the United States bioplastics market in 2026?
• What factors are affecting the strength of competition in the United States bioplastics market?
• How has the market performed over the last five years?
• Who are the top competitors in the United State's bioplastics market?