Bioplastics Market: Industry Analysis, Market Size, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global bioplastics market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Report Metrics
Historical Year: 2017-2022
Base Year: 2022
Forecast Year: 2023-2028
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Bioplastics represent renewable packaging solutions used for preserving, protecting, and transporting a wide array of products. They are manufactured from renewable biomass resources, including vegetable fats, cellulose, waste oils, natural sugars, etc. In line with this, bioplastics can also be obtained from bio polyethylene terephthalate (PET), bio polyethylene, bio polyamide (PA), starch blends, polybutylene adipate terephthalate (PBAT), etc. They offer enhanced versatility, durability, tensile strength, etc., with a reduced carbon footprint as compared to traditional plastics. Furthermore, they are widely used in various industries, such as food and beverage (F&B), consumer goods, automotive, pharmaceuticals, agriculture, etc.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
Global Bioplastics Market Trends and Drivers:
The escalating demand for sustainable packaging solutions across the globe is primarily driving the bioplastics market. Additionally, the growing consumer environmental consciousness and the inflating need for reducing the footprint of plastic in oceans and landfills are further catalyzing the market growth. Besides this, the widespread adoption of three-dimensional (3D) printed materials that are reusable, available in aesthetically appealing designs, decompose faster, aid in conserving natural resources and cutting down toxic waste, etc., and the rising utilization of rigid bioplastics for cosmetic packaging, such as creams, lipstick, compact powders, foundations, etc., are acting as significant growth-inducing factors. Moreover, the emerging trend of combining bioplastic materials with other suitable recyclables to ensure resource efficiency and decrease greenhouse gas (GHG) emissions is positively influencing the global market. Apart from this, the launch of several favorable policies by government bodies for encouraging the use of eco-friendly packaging is anticipated to fuel the bioplastics market over the forecasted period.
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Global Bioplastics Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- Type
- End use
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape:
The report also provides insights on the competitive landscape of the global bioplastics market industry with the leading players profiled in the report.
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