Bioplastics Market to Witness Huge Growth at 17.1% CAGR from 2022-2030

Posted on 2023-01-12 by researchinsights in Chemicals // 0 Comments

San Francisco, California , USA, Jan 13, 2023 — /EPR Network/ —

Bioplastics Industry Overview

The global bioplastics market size was valued at USD 10.2 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 17.1% from 2022 to 2030.

An increase in awareness regarding health issues coupled with an increasing population in emerging markets of Asia Pacific is expected to benefit end-use industries, resulting in increased demand for bioplastics over the forecast period. The market is moderately concentrated with the presence of various major players such as BASF SE, NatureWorks LLC, PTT MCC Biochem Co., Ltd., Total Corbion PLA, and Biome Technologies plc along with some small- and medium-sized global and regional players.

Gather more insights about the market drivers, restrains and growth of the Global Bioplastics Market

The U.S. bioplastics market is expected to rise significantly over the forecast period on account of the growing demand for bio-based packaging in the food and consumer goods sectors. Bio bags and bio-based plastics have higher tensile strength and are eco-friendly. As a result, the demand for bioplastics is further projected to propel during the forecast period.

Moreover, expanding composting infrastructure and rising governmental efforts to reduce landfilling, such as the U.S. 2030 Food Loss and Waste Reduction Goal, are anticipated to augment the demand for bio-based bags or compostable bags used in the collection of food leftovers and other organic waste material over the forecast period.

Browse through Grand View Research’s Paints, Coatings & Printing Inks Industry Research Reports.

Traffic Road Marking Coatings Market – The global traffic road marking coatings market size was valued at USD 4.92 billion in 2021 and is projected to register a compound annual growth rate (CAGR) of 6.0% from 2022 to 2030.
Reclaimed Rubber Market – The global reclaimed rubber market size was valued at USD 1.04 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.9% from 2022 to 2030.

Bioplastics Market Segmentation

For this report, Grand View Research has segmented the bioplastics market report based on product, application, and region:

Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 – 2030)
- Biodegradable
- Non-biodegradable
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 – 2030)
- Packaging
- Agriculture
- Consumer goods
- Textile
- Automotive & Transportation
- Building & Construction
- Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 – 2030)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Bioplastics market include

TEIJIN LIMITED
TORAY INDUSTRIES, INC.
Toyota Tsusho Corporation
Avantium
PTT MCC Biochem Co., Ltd.
An Phat Holdings
NatureWorks LLC
SABIC
BASF SE
Futerro
Trinseo S.A.
Braskem
Total Corbion PLA
SUPLA (JIANGSU SUPLA BIOPLASTICS CO., LTD.)
Solvay

Order a free sample PDF of the Bioplastics Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Matched content

Editor’s pick