Global Bio-Plastics Market to Witness Impressive Growth, Revenue to Surge to USD 58.9 Billion By 2028

02-Jun-2021 | Zion Market Research

The global Bio-Plastics market accounted for USD 23.4 Billion in 2020 and is expected to reach USD 58.9 Billion by 2028, growing at a CAGR of around 12.3% between 2021 and 2028.    

The report of the bio-plastics market provides the comprehensive glance on the global and regional level. The study provides historic data of 2016 to 2020 along with a forecast from 2021 to 2028 based revenue and volume. The study includes major driving forces and restraints for the bio-plastics market along with the impact they have on the demand over the forecast period. Furthermore, the study also provides the major avenues of global bio-plastics market.   

The global bio-plastics market study also comprises the detailed value chain analysis for providing a comprehensive view of the market. Moreover, the study also includes Porter’s Five Forces model for bio-plastics, to understand the competitive landscape of the global market. The study includes a market attractiveness analysis of all the segments related to the market.

The study provides a significant view of the global bio-plastics market by classifying it into product, application and region segmentation. These segments have been estimated and forecasted with the future and past trends. On the basis of product segment, the report has been segmented into bio-PET, starch blends, PLA, bio-PA, bio-PE, and others. The key applications in the report have been segmented into packaging, consumer goods, automotive, construction, electronics and other applications. The regional segmentation includes Middle East & Africa, Asia Pacific, Europe, Latin America and North America. Furthermore, it is bifurcated into major countries such as U.S., Canada, Mexico, Poland, Russia, UK, Germany, France, China, India, Japan, ASEAN, South Korea, Brazil, and Argentina.

Europe was the leading market of bio-plastics in 2020. It accounted for more than 28% share of the total market in 2020. Furthermore, it is predicted to exhibit the great potential to surge the demand for bio-plastics due to the growing favorable regulations in the region. North America was a second largest market in the same year. Moreover, Asia Pacific is the fastest growing market of bio-plastics within the forecast period owing to easy availability of raw materials as it is an agricultural based region. Furthermore, the growing disposable income and changing dynamics in the lifestyle of people in the region is likely to have a positive influence on the demand for bio-plastics materials in the region.

Major vendors of global bio-plastics market include Cardia Bioplastics, BASF SE, Toray Industries Inc, Braskem, Natureworks LLC, E.I. du Pont de Nemours, and Company, Corbion NV, Dow Plastics, Solvay SA, Evonik Industries, Novamont SPA among others.

Browse the full Bio-Plastics Market By Product (Bio-PET, Starch Blends, PLA, Bio-PA, Bio-PE, and Others), By Application (Automotive, Construction, Packaging, Consumer Goods, Electrical & Electronics, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/bioplastics-market

The global Bio-Plastics Market is segmented as follows:

By End-uses

  • Bio-PET
  • Starch Blends
  • PLA
  • Bio-PA
  • Bio-PE
  • Others

By Applications

  • Automotive
  • Construction
  • Packaging
  • Consumer Goods
  • Electrical & Electronics
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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