Bioplastics Market by Type (Biodegradable {Starch blends, Polylactic acid, Polybutylene Adipate Terephthalate, Polybutylene Succinate} & Non-Biodegradable {Bio- Polyethylene Terephthalate, Bio-Polyamide, Bio-Polyethylene, Bio-Polytrimethylene Terephthalate}), by Application (Rigid Packaging {Bottles & Jars, Trays}, Flexible Packaging {Pouches, Shopping/Waste Bags}, Textiles, Automotive & Transportation), by By Type (Biodegradable), by By Application (Rigid Packaging), by By Geography (North America) Forecast 2024-2032
The Bioplastics Marketsize was valued at USD 7.56 USD Billion in 2023 and is projected to reach USD 27.41 USD Billion by 2032, exhibiting a CAGR of 20.2 % during the forecast period.Bioplastics visit a full-size sort of bio-primarily based materials that offer sustainable options to standard Petro-based plastics. Bioplastics are Generally constructed from renewable belongings along with starch cellulose lignocellulose and animal byproducts like corn or sugarcane. They are considered inexperienced due to the truth that they do not emit greenhouse gases all through manufacturing and are biodegradable. Bioplastics are categorised into three essential lessons: starch-based cellulose-primarily based and protein-based. Starch-based extraordinarily bioplastics are the most common and are crafted from food like potato starch or corn starch. Cellulose-based totally extremely bioplastics are made from renewable timber products like paper cardboard or bamboo.
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.2% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 20.2% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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