Precision Business Insights has published a report on the global bioplastics market, estimating its value at USD 12,251 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 24.1% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/bioplastics-market

The bioplastics market is an industry segment dedicated to the development, manufacture, and use of polymers produced from renewable biological sources such as maize starch, sugarcane, or cellulose, as well as biodegradable plastics. Bioplastics, unlike typical petroleum-based plastics, are intended to have a lower environmental effect by being biodegradable or using sustainable feedstocks.

Drivers:

·         Rising environmental concerns and increased awareness about plastic pollution and climate change.

·         Increasing investment in R&D for developing cost-effective and high-performance bioplastics.

The global bioplastics market segmentation:

1) By Type: Bio-based Biodegradables (Starch-based, Polylactic Acid (PLA), Polyhydroxy Alkanoates (PHA), Polyesters (PBS, PBAT, and PCL) and Other), Bio-based Non-biodegradables (Bio Polyethylene Terephthalate (PET), Bio Polyethylene, Bio Polyamides, Bio Polytrimethylene Terephthalate and Other)

2) By Application Type: Packaging, Agriculture, Consumer Durables, Textiles and Others

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Regional Overview:
The report also examines the current concerns and their Future Effects on the bioplastics market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the bioplastics market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like BASF SE, Dow Inc., Novamont S.p.A., Plantic, Blucon-Biotech, Corbion N.V., Biome Technologies plc, Mitsubishi Chemical Holdings, Eastman Chemical Company, Danimer Scientific, Teijin Ltd.

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