Bioplastics Market Size Worth USD 22.1 Billion by 2026
Bioplastics Market Worth USD 22.1
billion by 2026
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Bioplastics Market
Overview
The global bioplastics market was valued at USD
8.0 billion in 2019. It is expected to display growth
at a compounded annual growth rate of
over 15.6% from 2020 to 2026, thereby raising its
valuation to more than USD 22.1 billion
Bioplastics are items manufactured from renewable
feedstocks such as corn, sugarcane, and cellulose. As
compared to conventional synthetic plastics, bio-
based plastics have the potential to reduce carbon
dioxide emissions by around 30% to 70% and require
65% less energy. Therefore, the production of
bioplastics is environment friendly, cost-effective, and
efficient. The key market players of the bioplastics
market are NatureWorks, Braskem, Biome Bioplastics,
Toray Industries, Plantic Technologies, PTT MCC
Biochem, Green Dot Bioplastics, etc.
Segmentation of the Report
Global Bioplastics Market by Type
• PLA
• Starch Blends
• Poly(butylene adipate-co-terephthalate) (PBAT)
• PHA
• PBS
• Others
Global Bioplastics Market by Application
• Packaging
• Rigid Packaging
• Flexible Packaging
• Agriculture
• Consumer Goods
• Textiles
• Automotive and Transportation
• Building & Construction
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A new study on the global Bioplastics market has been
published by Research CMFE. It offers detailed information
on key market dynamics, including drivers, trends, and
challenges for the global Bioplastics market as well as its
Bioplastics structure. The study offers valuable information on the global Bioplastics market to illustrate how the market is expected to
Market expand during the forecast period i.e. 2020–2026.
Summery Key indicators of market growth, which include value chain analysis and Compound Annual Growth Rate (CAGR) have
been elucidated in the Bioplastics market report in a
comprehensive manner. This data can help readers interpret
the quantitative growth aspects of the global Bioplastics
Market.
Bioplastics Market: Key Vendors
Major Players in Bioplastics Market are:
1.NatureWorks LLC
2.BASF SE
3.Toray Group
4.Arkema S.A.
5.Roquette Frères
6.Avantium
7.PTT MCC Biochem
8.Biome Bioplastics
9.Plantic Technologies Ltd
10.Novamont
11.Galactic
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Major Regions Covered in Report
Regional Overview & Analysis of Bioplastics Market:
North America (US and Canada)
Europe (UK, Germany, France and Rest of Europe)
Asia Pacific (China, Japan, India and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (GCC and Rest of Middle East & Africa)
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Highlights of Bioplastics Market Report
Overview of key market forces boosting and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition to offer you a competitive edge
Major competitors strategies analysis
SWOT analysis of major industry segments
Detailed analyses of Bioplastics market trends
An appropriately defined technological growth map with Covid19 impact analysis
A clear understanding of the competitive landscape and key product segments
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