Global Bioplastic Market Research Report: Forecast (2023-2028)

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Strategic Insights into Global Bioplastic Market
Share, Size, and Forecast 2028
The Global Bioplastic market is projected to grow
at a CAGR of around 10.12 during the forecast
period, i.e., 2023-28.
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Market Insights

• The Global Bioplastic market is projected to grow
  at a CAGR of around 10.12 during the forecast
  period, i.e., 2023-28. Some factors that have
  attributed to growth are increasing
  sustainability consciousness among consumers
  industry players, stringent government
  regulations being placed in many regions, a
  growing number of biodegradable options
  available, etc. They are now widely used in
  several industries such as packaging, agriculture
  products, automotive, electronics, etc., due to
  which a diverse demand is created for them. The
  growing awareness of the negative impact of
  conventional plastics on the ecosystem has led to
  a rise in demand for these organic resources,
  which are biodegradable compostable.
• Consumers are also becoming extremely conscious
  regarding the purchased product sustainability,
  due to which many of the industrial consumer
  goods manufacturing companies are opting for
  these organic resources over conventional
  petroleum-based plastics. Furthermore, many
  countries have also placed stringent policies
  regulations concerning the usage of conventional
  plastic that has accentuated the need for a shift
  towards these resources.

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Bioplastic Market Leading key players

• Novamont S.p.A, Arkema S.A., Matrica S.p.A.,
  Solvay S.A., NatureWorks LLC, Total Corbion PLA
  bv, PTT MCC Biochem Co. Ltd, Roquette Feres,
  Avantium, Toray Industries Inc., LyondellBasell
  Industries Holding B.V., BASF SE, BioApply,
  Braskem, Biofase, Genecis, Trifilon, Kaneka
  Takasaho, Danimer Scientific, Taghleef Industries

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Bioplastic Market Segmentation Analysis

• By Product Type (Biodegradable,
  Non-Biodegradable),
• By Raw Material (Sugarcane, Potato, Corn Starch,
  Switch grass, Vegetable Oil, Cassava, Wheat,
  Others),
• By End-User (Packaging , Agriculture, Consumer
  Goods, Automotive Transport, Agriculture
  Horticulture, Electrical Electronics, Textiles,
  Others (Building Construction, coatings
  adhesives, etc.)),
• Region (North America, South America, Europe, The
  Middle East Africa, Asia Pacific),

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