Global Bioplastics (Bio-plastics) market cagr 8.2%

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Bioplastics (Bioplastics ) Market

Bioplastics (Bio-plastics ) Market Scope: Industry

Analysis, Market Size, Growth, Trends Till 2031

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Bioplastics (Bio-plastics ) Market Size and Growth

The bioplastics market is experiencing robust growth, driven by increasing environmental awareness and sustainable material demand. The global market size is projected to reach USD 30 billion by 2027, with a CAGR of 15%. Key sectors include packaging, agriculture, and automotive, reflecting a shift towards eco-friendly alternatives in various industries. Request Sample Report

Companies Covered

(Covid 19 Impact Covered)

◍ Braskem

◍ NatureWorks

◍ Novamont

◍ BASF

◍ Corbion

◍ PSM

◍ DowDuPont

◍ Arkema

◍ Kingfa

◍ FKuR

◍ Biomer

◍ Zhejiang Hisun Biomaterials

◍ PolyOne

◍ Grabio

◍ Danimer Scientific

◍ Myriant

◍ Mitsubishi

◍ Biome Bioplastics

The bioplastics market features key players like Braskem, NatureWorks, and BASF, focusing on sustainable materials. Companies utilize innovative technologies to enhance product applications, driving market growth through eco-friendly solutions. Notable sales figures include NatureWorks' revenue of approx. $190 million and BASF's bioplastics segment reaching around $1 billion.

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Market Segmentation

By Application

Packaging

Electronics

Automotive

Agriculture

Construction

Others

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By Product

Biodegradable

Non-biodegradable/Bio-based

Market Growth

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$ X Billion USD

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