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Global Bioplastic Composites Industry Market Dynamics & Strategic Insights 2021-2030
Bioplastic composites are materials derived from renewable and non-renewable feedstocks such as sugarcane, corn, and cellulose. increasing preference for bio-based plastics, due to their availability of renewable feedstocks, eco-friendly nature, and government policies help the use of bioplastics in several industries. Bioplastics are commonly in flexible packaging, rigid packaging, textiles, agriculture, consumer goods, electrical & electronics, construction, and other industries. Also, the mixture of bio-resources like plant-derived fibers into bioplastic composite structures has increased traction in engineering and designing bioplastic composites. The natural fibers used in the bioplastics help to improve the properties such as reducing the price of bioplastics, improving bio-based share of bioplastics, stiffness & thermal behavior, and refine their recyclability.
Global Bioplastic Composites Маrkеt іѕ ѕеgmеntеd on the bаѕіѕ оf Polymer (Natural Polymer and Synthetic Polymer), Fiber Type (Wood Fiber Composites and Non-wood Fiber Composites), and End-user Industry (Transportation, Electrical & Electronics, Building & Construction, Aerospace & Defense, Consumer Goods, and Others) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Bioplastic Composites Market wаѕ vаluеd аt USD 25698.3 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 11.2% frоm 2021 tо 2030.
The report on Global Bioplastic Composites Маrkеt which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Bioplastic Composites Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Bioplastic Composites Маrkеt, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Bioplastic Composites Маrkеt from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Bioplastic Composites Маrkеt.
Market Dynamics:
Rising demand from the consumer and government policies that favor the use of bioplastic composites are the key factors that drive the growth of the global bioplastic composites market. Also, the availability of renewable raw material and growing demand for injection molding due to the eco-friendly nature of the bioplastic composites are projected to propel the growth of the global bioplastic composites market over the next few years.
However, the high cost of bioplastics composites as compared to synthetic composites is anticipated to hinder the growth of the bioplastics composites market.
Moreover, increasing growth in corporate social responsibility, decreasing dependency on petroleum resources for the production of polymer, rising R&D activities to develop advanced bioplastic composites are expected to provide significant growth opportunities for growth of the target market during the forecast period.
Segmental Analysis:
Among the polymer segments, the natural polymer segment is expected to register a significant growth rate over the forecast period, due to its biodegradability and increase prices of substitutes made from petroleum products. Additionally, environmental and government governing bodies across the globe have imposed various policies that encourage the use of natural polymers is estimated to support the growth of the segment in the next few years.
Among the fiber type segments, the wood fiber composites segment is projected to register the highest CAGR over the forecast period, due to the high strength and stiffness of the wood fiber composites. Furthermore, the cost of production of the wood fiber composites is low as compared to non-wood fiber composites is projected to drive the growth of the segment.
Among the end-use industry segments, the transportation segment is expected to register the highest revenue share in the global bioplastic composites market, owing to the widespread application of bioplastic composites in transportation.
Regional Analysis:
The market in Europe followed by North America is expected to dominate the global bioplastic composites market in terms of revenue over the forecast period, owing to favorable government policies for production and consumption of sustainable products. Rising environmental awareness among consumers affects synthetic plastic manufactures to favor the production of bio-based plastic materials is a factor expected to drive the growth of the bioplastic composites market. Moreover, the European association is serving government and environmental policies about biodegradability and sustainability is a significant factor expected to drive the growth of the global bioplastic composites market. Growing demand for injection molding in the Asia Pacific is expected to grow the highest CAGR in the next few years, owing to increasing awareness about the use of bioplastics and increasing consumer inclination to use eco-friendly products.
Global Bioplastic Composites Market Segmentation:
Segmentation by Polymer:
• Natural Polymer
o Polyhydroxyalkanoate (PHA)
o Polylactic Acid (PLA)
o Others
• Synthetic Polymer
o Epoxy
o Polypropylene
o Others
Segmentation by Fiber Type:
• Wood Fiber Composites
o Hardwood
o Softwood
• Non-Wood Fiber Composites
o Flax
o Hemp
o Jute
o Others
Segmentation by End-Use Industry:
• Transportation
• Electrical & Electronics
• Building & Construction
• Aerospace & Defense
• Consumer Goods
• Others
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Playes:
Arkema
Mitsubishi Plastics, Inc.
Huntsman Corporation
BASF SE
Toray Industries, Inc.
Natureworks LLC
Corbion NV
Dow Chemical Company
Solvay SA
Braskem
Global Bioplastic Composites Маrkеt іѕ ѕеgmеntеd on the bаѕіѕ оf Polymer (Natural Polymer and Synthetic Polymer), Fiber Type (Wood Fiber Composites and Non-wood Fiber Composites), and End-user Industry (Transportation, Electrical & Electronics, Building & Construction, Aerospace & Defense, Consumer Goods, and Others) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Bioplastic Composites Market wаѕ vаluеd аt USD 25698.3 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 11.2% frоm 2021 tо 2030.
The report on Global Bioplastic Composites Маrkеt which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Bioplastic Composites Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Bioplastic Composites Маrkеt, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Bioplastic Composites Маrkеt from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Bioplastic Composites Маrkеt.
Market Dynamics:
Rising demand from the consumer and government policies that favor the use of bioplastic composites are the key factors that drive the growth of the global bioplastic composites market. Also, the availability of renewable raw material and growing demand for injection molding due to the eco-friendly nature of the bioplastic composites are projected to propel the growth of the global bioplastic composites market over the next few years.
However, the high cost of bioplastics composites as compared to synthetic composites is anticipated to hinder the growth of the bioplastics composites market.
Moreover, increasing growth in corporate social responsibility, decreasing dependency on petroleum resources for the production of polymer, rising R&D activities to develop advanced bioplastic composites are expected to provide significant growth opportunities for growth of the target market during the forecast period.
Segmental Analysis:
Among the polymer segments, the natural polymer segment is expected to register a significant growth rate over the forecast period, due to its biodegradability and increase prices of substitutes made from petroleum products. Additionally, environmental and government governing bodies across the globe have imposed various policies that encourage the use of natural polymers is estimated to support the growth of the segment in the next few years.
Among the fiber type segments, the wood fiber composites segment is projected to register the highest CAGR over the forecast period, due to the high strength and stiffness of the wood fiber composites. Furthermore, the cost of production of the wood fiber composites is low as compared to non-wood fiber composites is projected to drive the growth of the segment.
Among the end-use industry segments, the transportation segment is expected to register the highest revenue share in the global bioplastic composites market, owing to the widespread application of bioplastic composites in transportation.
Regional Analysis:
The market in Europe followed by North America is expected to dominate the global bioplastic composites market in terms of revenue over the forecast period, owing to favorable government policies for production and consumption of sustainable products. Rising environmental awareness among consumers affects synthetic plastic manufactures to favor the production of bio-based plastic materials is a factor expected to drive the growth of the bioplastic composites market. Moreover, the European association is serving government and environmental policies about biodegradability and sustainability is a significant factor expected to drive the growth of the global bioplastic composites market. Growing demand for injection molding in the Asia Pacific is expected to grow the highest CAGR in the next few years, owing to increasing awareness about the use of bioplastics and increasing consumer inclination to use eco-friendly products.
Global Bioplastic Composites Market Segmentation:
Segmentation by Polymer:
• Natural Polymer
o Polyhydroxyalkanoate (PHA)
o Polylactic Acid (PLA)
o Others
• Synthetic Polymer
o Epoxy
o Polypropylene
o Others
Segmentation by Fiber Type:
• Wood Fiber Composites
o Hardwood
o Softwood
• Non-Wood Fiber Composites
o Flax
o Hemp
o Jute
o Others
Segmentation by End-Use Industry:
• Transportation
• Electrical & Electronics
• Building & Construction
• Aerospace & Defense
• Consumer Goods
• Others
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Playes:
Arkema
Mitsubishi Plastics, Inc.
Huntsman Corporation
BASF SE
Toray Industries, Inc.
Natureworks LLC
Corbion NV
Dow Chemical Company
Solvay SA
Braskem
Scope:
| Report Data | Market |
| Forecast 2022 | XX million/billion (2022-2032) |
| CAGR 2022 - 2032 | % |
| Analysis Period | 2022 - 2032 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
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