The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Global Bioplastic Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Global Bioplastic Industry (2023-2028):
According to the latest report, The Global Bioplastic market size is valued at around USD 8.21 billion in 2024 and is projected to grow at a CAGR of around 10.12% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Global Bioplastic industry.
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Key Takeaways: Beneficial for Stakeholders and Clients
· Historic Period: 2018-21
· Base year: 2022
· Forecast Years: 2023-28
· Risk & Swot Analysis
· Growth parameters influence Global Bioplastic market dynamics
· Recent developments by key market players
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/bioplastic-market.html
Global Bioplastic Market Segmentation Based on
The Global Bioplastic Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes in Numbers Key divisions and sub-divisions including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
By Product Type
-Biodegradable
-Polylactic Acid
-Cellulose Film
-Starch Blend
-Polybutylene Adipate Terephthalate (PBAT)
-Polybutylene Succinate (PBS)
-Others
Non-Biodegradable
-Polyethylene
-Polyethylene Terephthalate
-Polyamide
-Polytrimethylene Terephthalate
-Others
By Raw Material
-Sugarcane
-Potato
-Corn Starch
-Switch grass
-Vegetable Oil
-Cassava
-Wheat
-Others
By End-User
-Packaging
-Rigid Packaging
-Flexible Packaging
-Agriculture
-Consumer Goods
-Automotive & Transport
-Agriculture & Horticulture
-Electrical & Electronics
-Textiles
-Others (Building & Construction, coatings & adhesives, etc.)
Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia Pacific.
Of all, the Biodegradable product type is envisioned to exhibit noticeable growth in the global market. They are also referred to as bio-based plastics that are completely made from organic matter & can easily break down in nature after usage. This product type offers excellent superiority over non-biodegradable solutions that cannot be composted & are required to be collected & recycled due to their nature. Various public & private sector initiatives have been taken, which would be crucial for biodegradable resource adoption in the coming years. Furthermore, with the growing government support for biodegradable & compostable plastic for packaging & carrying goods, which is a major focus area of transition, it is expected that the demand for the biodegradable segment in the market would experience a surge in the forecast years.
Key Competitor of Global Bioplastic Market
Novamont S.p.A, Arkema S.A., Matrica S.p.A., Solvay S.A., NatureWorks LLC, Total Corbion PLA bv, PTT MCC Biochem Co. Ltd, Roquette Feres, Avantium, Toray Industries Inc., LyondellBasell Industries Holding B.V., BASF SE, BioApply, Braskem, Biofase, Genecis, Trifilon, Kaneka Takasaho, Danimer Scientific, Taghleef Industries, Others.
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