Product Code: RP-ID-10079102 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Chemicals |
Report ID: 10079102
Market Overview:
Bioplastic Composites Industry By Fiber Type (Wood Fiber Composites, Non-Wood Fiber Composites), By Polymer (Natural Polymer,Synthetic Polymer), and By End-user Industry (Transportation, Electrical & Electronics, Building & Construction, Aerospace & Defense, Consumer Goods)– Global Market Opportunity and Current Growth Analysis 2019-2025
Global Bioplastic Composites Industry was valued at USD 21,340 Million in the year 2018. Global Bioplastic Composites Industry is further estimated to grow at a CAGR of 11.23% from 2019 to reach USD 44,980 Million by the year 2025.
In the Global Bioplastic Composites Industry, by region Asia Pacific region holds the highest Industry share in 2018 and is also Industry is considered as the fastest growing Industry in the forecasted period owing to their Industry demands. At the country level, China and India in Asia-Pacific are projected to grow strongly in the coming years owing to rise in consumer awareness about the use of bioplastic.
Major market players in Bioplastic Composites Industry are Arkema S.A., Mitsubishi Plastics Inc., Dow Chemical Company, Huntsman Corporation, BASF SE, Toray Industries Inc., Natureworks LLC, Braskem, Corbion NV, Solvay SA, and 9 more companies information is provided in the report.
The segmentation is done on the basis of polymer, fiber type, end-user industry, and by region. On the basis of Polymer type, the Natural Polymer segment is expected to hold the highest Industry share during the forecast period. In the Global Bioplastic Industry, the segmentation done on the basis of fiber type Wood Fiber Composites segment is expected to hold the highest Industry share during the forecast period.
SWOT analysis of Bioplastic Composites Industry
Strength:
Increase in consumer acceptance
Favorable government policies
Weakness:
Changing government regulations and norms.
Opportunities:
Growth in corporate social responsibility (CSR)
Threats:
High Cost and restriction on the use of raw material
Bioplastic Composites Industry Segmentation
Bioplastic Composites Industry Overview, By Polymer
• Natural Polymer
• Polyhydroxyalkanoate (PHA)
• Polylactic Acid (PLA)
• Others
• Synthetic Polymer
• Epoxy
• Polypropylene
• Others
Bioplastic Composites Industry Overview, By Fiber Type
• Wood Fiber Composites
• Hardwood
• Softwood
• Non-Wood Fiber Composites
• Flax
• Hemp
• Jute
• Others
Bioplastic Composites Industry Overview, By End-user Industry
• Transportation
• Electrical & Electronics
• Building & Construction
• Aerospace & Defense
• Consumer Goods
• Others
Bioplastic Composites Industry Overview, By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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