Astute Analytica has recently published a comprehensive report on the Bioplastics Market, which provides the latest data and insights into the market’s growth prospects and challenges. The report employs various tools, such as constraints and opportunity analysis, to evaluate the potential for new goods and services, helping businesses locate and forecast market opportunities.
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The report also includes a compilation of qualitative and quantitative evaluations made by subject-matter experts in their fields and representatives from various industries found all along the supply chain.
The global bioplastics market is expected to experience a significant increase in revenue, projected to jump from US$ 6,034.3 million in 2022 to US$ 14,531.6 million by 2030. The market is predicted to grow at a Compound Annual Growth Rate (CAGR) of 12.6% during the projection period of 2023-2030. Additionally, in terms of volume, the market was valued at 2,377.7 Kilo Tons in 2022 and is projected to grow at a CAGR of 11.6% during the forecast period 2023-2030.
The report discusses further findings that researchers made based on the comprehensive data and offers information on the state of the market, including kinds and applications based on various nations and important locations. It describes the market’s most active companies in detail, including attributes like corporate portfolio, business strategy, financial overview, recent developments, and industry share.
The leading companies in the Bioplastics Market include.
- BASF SE
- Biome Technologies plc
- Braskem
- Corbion N.V.
- Danimer Scientific.
- E. I. du Pont de Nemours and Company
- Eastman Chemical Company
- Futerro SA
- Galactic
- M& G Chemicals
- Mitsubishi Chemical Holdings
- NatureWorks LLC
- Novamont S.p.A.
- Plantic
- PTT Global Chemical Public Company Ltd.
- Showa Denko K.K.
- Solvay SA
- Teijin Ltd.
- Toray Industries
- Toyota Tsusho
- Other Prominent Players
The report continuously monitors the direct impact of COVID-19, including updates on the Omicron mutation study, on the market, in addition to the indirect influence of related industries. The report contains observations on the impact of the pandemic.
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Geographical regions are divided into several major categories for production, consumption, revenue (in US dollars), and market share in this analysis. The report discusses the predicted growth of the market in this region between 2021 and 2031.
The segmentation overview of the Bioplastics Market includes.
By Type Segment of the Global Bioplastics Market is Sub- Segmented into:
- Biodegradable
- Starch-based
- Polylactic Acid (PLA)
- Poly hydroxy alkanoates (PHA)
- Polyester (PBS, PBAT, and PCL)
- Other Biodegradable Plastics
- Non-biodegradable
- Bio-polyethylene Terephthalate (PET)
- Bio-Polyethylene
- Bio-Polyamides
- Bio-Polytrimethylene Terephthalate
- Other Non-Biodegradable Plastics
By Mode of Application Segment of the Global Bioplastics Market is Sub- Segmented into:
- Rigid Packaging
- Bottles & Jars
- Trays
- Others
- Flexible Packaging
- Pouches
- Shopping/Waste Bags
- Others
- Agriculture & Horticulture
- Consumer goods
- Textile
- Automotive & Transportation
- Building & Construction
- Others
By Region Type Segment of the Global Bioplastics Market is Sub- Segmented into:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Poland
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
Overall, Astute Analytica’s report on the Bioplastics Market provides a comprehensive and valuable resource for businesses looking to understand the market’s current state and future growth prospects.
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