The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Bioplastic Market.
JERSEY CITY, N.J., Jan. 31, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Bioplastic Market" By Type (Biodegradable and Non-biodegradable), By End-Use Industry (Packaging, Consumer Goods, Automotive, Textiles, Agriculture, and Other), and By Geography.
As per the deep research carried out by Verified Market Research®, the global Bioplastic Market size was valued at USD 8.1 Billion in 2020 and is projected to reach USD 30.2 Billion by 2028, growing at a CAGR of 16.36% from 2021 to 2028.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=33309
Browse in-depth TOC on "Bioplastic Market"
202 - Pages
126 – Tables
37 – Figures
Global Bioplastic Market Overview
Bioplastic is an alternative that can meet all the needs of both industries and mother earth as a result of the growing need to safeguard the environment from harmful non-biodegradable plastic. The materials used to make bioplastic are 100% biodegradable, virtually eliminating any potential for pollution and driving up demand for it in this environmentally sensitive era.
PHA plastics are most frequently used for medical services, while PLA plastics are more frequently used for food packaging. Bioplastics are used in a variety of sectors, including agriculture, consumer goods, textiles, automotive and transportation, as well as building and construction. But the packaging sector is where bioplastic is most frequently used. In addition to being used to create disposable things like bags and bottles, straws, containers, and packaging, it is also used to create automobile insulation and medical implants.
We are all drawn to bioplastic because we need to start taking responsibility for the harm that our actions as humans have brought to others. In addition to entirely decomposing, bioplastic improves industry sustainability by reducing dependency on fossil fuels. Corporate consumers are slowly but surely becoming more aware of the environmental impact of their purchases, which is driving up demand for bioplastics. The packaging industry's rising need for eco-friendly polymers is significantly accelerating market growth. Additionally, growing is the demand for renewable feedback-based polymers in sectors including food and medicine.
In addition, sectors including food and pharmaceuticals are seeing an increase in demand for plastics made from renewable feedstocks. As a result, the producers of these goods actively sought out packaging materials that are harmless to the packaged goods, inert to them, and have little to no environmental impact. Consequently, there is now a demand for bioplastics.
Every firm must employ bioplastics due to the stringent rules set forth by the governments of various nations. The usage of traditional plastic will be restricted or subject to additional fees under these regulations. The global market for bioplastics, particularly biodegradable plastic, is being driven by these bans on plastic bags and other plastic products.
Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Bioplastic Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Key Players
The "Global Bioplastic Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Novamont, NatureWorks, Bio Apply, Braskem, Trifilon, Taghleef Industries, Avantium, Troy Industries, Solvay S.A., and BASF SE.
Based on the research, Verified Market Research® has segmented the global Bioplastic Market into Type, End-Use Industry, and Geography.
- Bioplastic Market, by Type
- Non-biodegradable
- Biodegradable
- Bioplastic Market, by End-Use Industry
- Packaging
- Consumer Goods
- Automotive
- Textiles
- Agriculture
- Other
- Bioplastic Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
Browse Related Reports:
Packaging Materials Market By Type (paper and cardboard, textile, flexible plastic, metal, wood), By Application (Food, Beverage, Healthcare, Cosmetics, Household Products), By Geography, And Forecast
Bioplastic Textile Market By Material (Polyamide, Polytrimethylene Terephthalate, Polyethylene Terephthalate, Polylactic acid), By Source (Beet, Sugarcane, Cassava, Corn starch), By Application (Clothing, Footwear, Home Textiles), By Geography, And Forecast
Bioplastic Packaging Market By Application (Food, Beverages, Catering, and Other), By Material (Bio-PET, PLA & PLA Blends, Starch Blends, and Other), By Geography, And Forecast
Bioplastic Composites Market By Product (Natural Polymer, Synthetic Polymer), By Application (Transportation, Electrical & Electronics, Building & Construction, Aerospace & Defense, Consumer Goods), By Geography, And Forecast
7 Best Bioplastic Packaging Manufacturers keeping nature in mind
Visualize Bioplastic Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.
Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Logo - https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg
SOURCE Verified Market Research
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO01203&Transmission_Id=202301310900PR_NEWS_USPR_____IO01203&DateId=20230131)
Share this article