Astute Analytica published a research report on the "Global Bioplastics Market Report 2024" which provides a comprehensive analysis and strategic visions into the market. The report offers detailed insights into the market size, growth projections, and key trends shaping the industry.
Market Size and Growth Projections
According to the report, 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.
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Factors Influencing the Market
The research report provides a comprehensive analysis of the factors that are expected to impact the Bioplastics business, both externally and internally. The report examines the external factors that could influence the industry's performance. This includes an analysis of the market environment, competitive landscape, and broader economic and regulatory conditions.
In addition to the external factors, the report also delves into the internal dynamics of the Bioplastics industry. This includes an assessment of the industry's operational efficiency, technological capabilities, and organizational structure. The report analyzes how these internal factors may contribute to the overall performance and competitiveness of the market.
Market Segmentation and Analysis
The report delves into the various segments that make up the Bioplastics market, offering a granular understanding of the dynamics within each segment. This segmentation allows for a more detailed and targeted analysis, enabling the identification of specific growth opportunities and challenges within the market.
Geographical Segmentation
The market has been segmented into North America, South America, Asia, Europe, Africa, and Others. The report covers the key countries within each region and provides the present market size and forecast till 2032 for all the regions and sub-regions.
Market Segmentation Outline
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
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Competitive Landscape
Astute Analytica research report provides a comprehensive analysis of the competitive landscape within the global Bioplastics market. This includes a detailed examination of the leading product vendors and their latest developments, as well as insights into the manufacturer's share in terms of shipment and revenue for all major players identified in the market.
The competitive profiling includes information on the vendors' product portfolios, technological capabilities, and market share within the Bioplastics industry. This data allows for a deeper understanding of the competitive landscape and the relative strengths and weaknesses of the various players.
Key Companies
- 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
Reasons to Buy this Report
- Market share evaluations for the national and regional segments
- Tactical pointers for newcomers
- Inclusion of market statistics from 2023 to 2030
- Market trends, including motivators, openings, dangers, obstacles, funding possibilities, and suggestions
- Strategic recommendations based solely on market projections
- Identification of main, regular trends in competitive landscaping
- Detailed company profiling, including financials, strategies, and current developments
- Illustration of supply chain trends and current technical developments
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About Astute Analytica:
Astute Analytica is a leading market research and consulting firm committed to providing organizations with actionable insights and data-driven strategies to thrive in dynamic markets. With a strong presence in both global and regional markets, we publish extensive industry reports, conduct targeted surveys, and offer custom consulting services tailored to meet specific client needs. Our expertise spans multiple sectors, including technology, healthcare, chemicals, manufacturing, energy, and more, making us a valuable partner for forward-thinking businesses.
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