Jul 27, 2023   SOURCE: BusinessWire

Bioplastics: A Sustainable Solution to Plastic Waste - Market Analysis 2023-2033 - ResearchAndMarkets.com

The "Bioplastics Market Report 2023-2033" report has been added to ResearchAndMarkets.com's offering.

The comprehensive report projects a remarkable growth trajectory for the bioplastics market, with revenues set to surpass US$8.05 billion in 2023 and continuing to soar until 2033.

The market report serves as an invaluable resource for leading firms seeking new revenue opportunities and a deeper understanding of the industry dynamics. Companies looking to expand into different sectors or regions can benefit from the insights provided in this extensive report.

Driving Factors: The burgeoning global concern regarding plastic waste and its environmental impact has emerged as a major driver for the demand in the bioplastics market. With traditional plastics contributing to marine pollution and climate change, the quest for sustainable alternatives is gaining momentum. Bioplastics, crafted from renewable resources like corn starch, sugarcane, and vegetable oils, present an eco-friendly solution. These biodegradable and compostable materials not only reduce environmental harm but also meet the rising demand for eco-conscious products.

Challenges: The high manufacturing cost of bioplastics poses a challenge for the overall market. Compared to petroleum-based plastics, bioplastics are costlier to produce, resulting in higher prices for bioplastics products. This cost disparity may hinder their widespread adoption, especially in price-sensitive industries such as packaging.

Key Questions Answered: The report addresses critical questions for businesses, including the bioplastics market's evolution, driving and restraining factors, submarket growth, market shares, and regional leadership. Leading players' profiles and prospects, industry evolution until 2033, and investment options for new product lines are also explored.

Commercial Prospects: Apart from revenue forecasts until 2033, the report offers original analyses, business outlooks, and developments, including qualitative insights on market dynamics, opportunities, restraints, and challenges. Additionally, the impact of rising bioplastics prices and recent developments are assessed.

Segments Covered: The report analyzes various segments such as product types (bio-based/non-biodegradable and biodegradable), bio-based/non-biodegradable types (PTT, PP, PA, PET, PE, and others), biodegradable types (PBAT, PBS, PLA, PHA, starch blends, and regenerated cellulose films), and applications (flexible packaging, rigid packaging, consumer goods, fibers, agriculture, automotive, coatings, construction, electronics, and others).

Regional and National Markets: Revenue predictions for the overall world market and its segments, including five regional markets (North America, Europe, Asia Pacific, Latin America, and MEA) and 17 leading national markets, are presented.

Leading Companies and Market Growth: The report includes profiles and focuses on the segment of leading companies in the bioplastics market. Major players such as BASF SE, NatureWorks LLC, Braskem S.A., and others are explored, revealing the potential for market growth.

With the bioplastics market projected to witness significant growth, this report empowers businesses to make informed decisions, embrace sustainability, and stay ahead of the competition. Leading firms, new entrants, and those seeking a new growth path can leverage this comprehensive analysis to thrive in the evolving bioplastics landscape.

Companies Profiled:

  • Novamont S.P.A.
  • NatureWorks LLC
  • BASF SE
  • Braskem S.A.
  • TotalEnergies Corbion
  • Danimer Scientific Inc.
  • Rochling Group
  • FKuR Kunststoff GmbH
  • Biome Technologies plc
  • Kaneka Corporation
  • Trinseo PLC
  • PTT MCC Biochem Company Limited
  • Futerro S.A.
  • BIO-FED (AKRO-PLASTIC GmbH)
  • BIOTEC Biologische Naturverpackungen GmbH & Co. KG

For more information about this report visit https://www.researchandmarkets.com/r/f7ghi9

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