Global Bioplastics Market 2024-2028
The bioplastics market is forecasted to grow by USD 253983.2 mn during 2023-2028, accelerating at a CAGR of 39.04% during the forecast period. The report on the bioplastics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emergence of bio-based and renewable raw materials, changing consumer preference toward eco-friendly packaging, and government emphasis on use of biopolymers and efficient plastic waste management.
Technavio's bioplastics market is segmented as below:
ByType
- Non-biodegradable
- Biodegradable
ByApplication
- Packaging and food service
- Agriculture and horticulture
- CG and HA
- Automotive
- Others
ByGeography
- Europe
- North America
- APAC
- Middle East and Africa
- South America
This study identifies the consumption of bioplastics in novel applications as one of the prime reasons driving the bioplastics market growth during the next few years. Also, availability of cheap bio-based raw materials and recent development of bioplastics by market vendors will lead to sizable demand in the market.
The report on the bioplastics market covers the following areas:
- Bioplastics market sizing
- Bioplastics market forecast
- Bioplastics market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bioplastics market vendors that include Arkema Group, BASF SE, Biome Bioplastics Ltd., Braskem SA, Cargill Inc., Corbion nv, DuPont de Nemours Inc., Evonik Industries AG, Finasucre SA, Fkur Kunststoff GmbH, Futerro SA, Koninklijke DSM NV, KURARAY Co. Ltd., Novamont S.p.A., Resonac Holdings Corp., Saudi Basic Industries Corp., Solvay SA, Sulzer Ltd., Teijin Ltd., Toray Industries Inc., Toyota Motor Corp., and Trinseo PLC. Also, the bioplastics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.