Bioplastic Textile Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Description

Global Bioplastic Textile Market: Overview

Bioplastics are the plastics that are usually derived from renewable biomass including those that meet the standards for compostability and biodegradability. Polylactides, poly(glycolide), and polyamides are some of the bioplastics used in the textile sector. Bioplastic as a material can be used for a wide range of textile products including shoes & clothes, sports bags, medical textiles, and automotive parts.

Global Bioplastic Textile Market: Growth Factors

The global bioplastic textile market is growing at a faster rate. Factors such as a rise in demand for biodegradable products, an increase in government initiatives regarding the benefits of bioplastic in textiles, and growing concerns regarding the environment are augmenting the growth of the global bioplastic textile market. Globally, millions of tons of fabric are used for clothing annually. This is done by yarn spinning by combining synthetic fibers such as polyester and natural fibers such as wool & cotton. Such a blend of synthetic and natural fiber is usually used to enhance the durability & comfort of the end products. But these fabrics cannot be separated as they are intermingled and are complex to recycle. Thus, textile industries are facing challenges and are seeking for the options to obtain 100 percent biodegradable and bio-based final clothing product that meets the performance as well as mechanical requirements of the textile industry. Bioplastic possesses all such properties and is thus widely used in the protective textile industry, for luggage production, in home textiles, footwear industry, and medical textiles. Thus, the rise in demand for bioplastic from several business sectors is boosting the growth of the global market. Moreover, the adoption of bioplastic from textile industries at a faster rate and the emergence of new market players are propelling the growth of the market. Furthermore, heavy investments by the key players in R&D activities to enhance the properties of bioplastic may provide huge opportunities for the growth of the global bioplastic textile market over the forecast period. However, the high cost associated with the production of bioplastic may restrain the growth of the global bioplastic textile market.

The global bioplastic textile market is been adversely affected by the outbreak of Covid-19. The textile industry has to forcefully shut down all its operations due to the strict rules of lockdown and restriction on movement imposed by the government of several countries across the world. Thus, the decline in the demand for bioplastic is been registered during the first half of the year 2020. Moreover, change in consumer behavior due to economic crisis has led to a decrease in demand for home textiles as well as footwear. Owing to all these factors, a slow growth rate in the growth of global market is been witnessed during the pandemic.

Global Bioplastic Textile Market: Segmentation

The global bioplastic textile market is divided based on material, source, end-user, and region. Based on the material, the global bioplastic textile market is bifurcated into bio-polyester, polyhydroxyalkanoate, polylactic acid, polyhydroxy butyrate, and bio-polyamide. The source segment is split into corn starch, cassava, sugarcane, and beet. Based on the end-user, the global market is classified into footwear, clothing, and home textiles.

Global Bioplastic Textile Market: Regional Analysis

Europe is predicted to lead the global bioplastic textile market over the forecast period. Factors such as a rise in demand for green products, increase in bioplastic production capacity, presence of key players, and stringent policies of the government regarding environment safety are augmenting the growth of the market in this region. Asia Pacific region is predicted to grow at the highest CAGR due to an increase in buying power, expanding textile industries, rise in government initiatives to use eco-friendly products, and growing demand for home textiles. North America and the Middle East Africa are also expected to account for a noteworthy share in the growth of the market.

Global Bioplastic Textile Market: Competitive Players

The nature of the global bioplastic textile market is highly competitive due to the rise in concerns of environmental issues and the growing demand for biodegradable products. Some of the prominent players operating in the global bioplastic textile market are Tejin, Puma, Adidas, Reebok, ZS Fabrics, NatureWorks LLC, Ercros SA, Lacoste, Offset Warehouse, and Gucci.

Global Bioplastic Textile Market: Regional Segment Analysis

• 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

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.

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