Bioplastics & Biopolymers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Non-Biodegradable vs Biodegradable), By End-Use Industry (Packaging, Consumer Goods, Agriculture & Horticulture, Textile, Automotive & Transportation and Others), By Region and Competition 2018-2028

Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format

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Bioplastics & Biopolymers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Non-Biodegradable vs Biodegradable), By End-Use Industry (Packaging, Consumer Goods, Agriculture & Horticulture, Textile, Automotive & Transportation and Others), By Region and Competition 2018-2028

I

an estimated 8 million tonnes of plastic are dumped into the ocean each year

around 980 kg of recycled plastic saves 680 gallons of oil, nearly 5,700 kWh of electricity, and more than 28 cubic yards of landfill space.

Increasing Demand for Electricity from Sustainable Sources Driving the Growth

Key Developments

  • KW Plastics signed a long-term scrap supply contract with the North American division of Clean Planet Energy, a cleantech, renewable, and alternative energy company. The division is constructing a pyrolysis plant in Alabama, U.S. The agreement will help turn around 20,000 tons of plastic residue generated at the current KW Plastics facility in Alabama into environmentally friendly circular products rather than being sent to landfill.
  • Japanese company Mitsui & Co. is in talks to build a bioplastics factory in the south-eastern U.S, creating one of the largest production sites worldwide for the plant-based packaging material.

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Market Segmentation

Market Players

Attribute

Details

Base Year

2022

Historic Data

2018 â€“ 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in tons and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, Volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

           Type

           End User Industry

Regional scope

North America; Asia Pacific; Europe; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia;

Key companies profiled

BASF SE, Biome Bioplastics Limited, Arkema S.A., BIOTEC biologische Naturverpackungen GmbH & Co, NatureWorks LLC, Novamont S.p.A., TotalEnergies Corbion, Toray Industries, Inc., Mitsubishi Chemical Holdings Corporation and Plantic Technologies Ltd

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10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

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