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From 2024–2031, the bioplastic textile industry is expected to expand from an initial valuation of $1.19 billion to a total value of $1.58 billion, a compound annual growth rate (CAGR) of 5.8%.
Government initiatives promoting the use of eco-friendly products and the increasing usage of bioplastic in fabrics and home textiles are the main factors propelling the industry forward. The research study on the global bioplastic textile market gives a comprehensive analysis of the industry. The research provides an in-depth evaluation of the market's most important subsegments, trends, drivers, constraints, competitive landscape, and factors.
To put it simply, bioplastic is a polymer made from renewable resources that originates in nature. A variety of plastic known as bioplastics can be produced using renewable materials like plant-based oils and starches. Biosourced (made from sustainable sources) biodegradable (made from organic matter) and bioplastics are the three main types of bioplastics. Components fabricated using renewable sources and fossil fuels (oil). Packaging, tableware, cutlery, containers, and straws are some examples of disposable objects made from bioplastics.
There aren't many uses for bioplastics in the business world. They have the potential to supplant plastics made from petroleum in many contexts, but there are still issues with cost and performance. Renewable biomass sources including maize starch, woodchips, sawdust, and other similar materials are used to make bioplastic goods. The textile business, the medical field, and the automobile sector are just a few of the many fields that find use for bioplastics. Bioplastic fabrics can be made from a variety of plant-based ingredients, such as sugarcane, beets, maize starch, and cassava. Sports bags, medicinal fabrics, clothing, and other textiles make use of bioplastics.
The worldwide economy has been hit hard by the coronavirus outbreak, which has caused numerous enterprises to shut down. The textile sector has been shut down as a result of the lockdown imposed by the governments of different countries in an effort to stop the virus from spreading further. The textile sector has recently shifted its focus from clothing production to that of PPE, such as masks. The textile industry's initiative is expected to enhance market growth during the forecast period.
The worldwide bioplastic textiles market is anticipated to expand at a rapid pace during the projected period, driven by rising concerns about environmental degradation. Instead of using synthetic plastic, which is bad for the environment, the government has instituted a number of measures to encourage the use of biodegradable plastics. We anticipate that this will significantly enhance the market's growth. The textile sector is expected to experience prosperous chances due to the increased utilization of abundant eco-friendly raw materials. In addition, bioplastic has been increasingly used around the world due to the significant harm that plastic causes to the environment. The worldwide bioplastic textiles market is experiencing strong growth due to the increasing use of bioplastic and the growing awareness of environmental pollution. These factors have contributed to technological advancements in the bioplastic sector and the growing demand for bioplastic. The high production costs of bioplastics, however, are a brake on the expansion of this industry worldwide.
Government initiatives promoting the use of eco-friendly products and the increasing usage of bioplastic in fabrics and home textiles are the main factors propelling the industry forward. The use of bioplastics is on the rise worldwide due to its breakdown property. As a result, this element will dictate how the bioplastic textile market develops. In the coming years, the bioplastic textile sector will experience growth due to the product's extensive usage in fabrics and household textiles.
The expansion of the biodegradable product market is another driver of the bioplastic textile industry. Within the predicted timeframe, the market is expected to witness a plethora of opportunities driven by the increasing demand for bio-based products as a result of strict regulatory criteria and green credits offered by the government to promote sustainable products. Bioplastics are becoming more popular as an alternative to traditional plastics, which is helping to fuel demand increases in the footwear and apparel industries and is in line with green objectives, which is fueling market expansion.
Report Coverage
Global Bioplastic Textile research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bioplastic Textile report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bioplastic Textile competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bioplastic Textile market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bioplastic Textile market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bioplastic Textile market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Biome, GALATEA BIO TECH, NaturePlast, FKuR, Bioplastics Ltd, DuPont de Nemours, Inc., Bio-on SpA, Corbion N.V., Ercros S.A., Gucci, BASF SE
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Bioplastic Textile market based on the below-mentioned segments:
Global Bioplastic Textile Market, By Material
Polytrimethylene Terephthalate (PTT)
Polyamide (PA)
Polyethylene Terephthalate (PET)
Polylactic Acid (PLA) or Polylactide
Others
Global Bioplastic Textile market, By Application
Home Textiles
Clothing
Footwear
Others
Global Bioplastic Textile Market, By Source
Sugarcane
Beet
Corn Starch
Cassava
Others (Including Wheat and Potatoes)
Global Bioplastic Textile market, Regional Analysis
Government initiatives promoting the use of eco-friendly products and the increasing usage of bioplastic in fabrics and home textiles are the main factors propelling the industry forward. The research study on the global bioplastic textile market gives a comprehensive analysis of the industry. The research provides an in-depth evaluation of the market's most important subsegments, trends, drivers, constraints, competitive landscape, and factors.
To put it simply, bioplastic is a polymer made from renewable resources that originates in nature. A variety of plastic known as bioplastics can be produced using renewable materials like plant-based oils and starches. Biosourced (made from sustainable sources) biodegradable (made from organic matter) and bioplastics are the three main types of bioplastics. Components fabricated using renewable sources and fossil fuels (oil). Packaging, tableware, cutlery, containers, and straws are some examples of disposable objects made from bioplastics.
There aren't many uses for bioplastics in the business world. They have the potential to supplant plastics made from petroleum in many contexts, but there are still issues with cost and performance. Renewable biomass sources including maize starch, woodchips, sawdust, and other similar materials are used to make bioplastic goods. The textile business, the medical field, and the automobile sector are just a few of the many fields that find use for bioplastics. Bioplastic fabrics can be made from a variety of plant-based ingredients, such as sugarcane, beets, maize starch, and cassava. Sports bags, medicinal fabrics, clothing, and other textiles make use of bioplastics.
The worldwide economy has been hit hard by the coronavirus outbreak, which has caused numerous enterprises to shut down. The textile sector has been shut down as a result of the lockdown imposed by the governments of different countries in an effort to stop the virus from spreading further. The textile sector has recently shifted its focus from clothing production to that of PPE, such as masks. The textile industry's initiative is expected to enhance market growth during the forecast period.
The worldwide bioplastic textiles market is anticipated to expand at a rapid pace during the projected period, driven by rising concerns about environmental degradation. Instead of using synthetic plastic, which is bad for the environment, the government has instituted a number of measures to encourage the use of biodegradable plastics. We anticipate that this will significantly enhance the market's growth. The textile sector is expected to experience prosperous chances due to the increased utilization of abundant eco-friendly raw materials. In addition, bioplastic has been increasingly used around the world due to the significant harm that plastic causes to the environment. The worldwide bioplastic textiles market is experiencing strong growth due to the increasing use of bioplastic and the growing awareness of environmental pollution. These factors have contributed to technological advancements in the bioplastic sector and the growing demand for bioplastic. The high production costs of bioplastics, however, are a brake on the expansion of this industry worldwide.
Government initiatives promoting the use of eco-friendly products and the increasing usage of bioplastic in fabrics and home textiles are the main factors propelling the industry forward. The use of bioplastics is on the rise worldwide due to its breakdown property. As a result, this element will dictate how the bioplastic textile market develops. In the coming years, the bioplastic textile sector will experience growth due to the product's extensive usage in fabrics and household textiles.
The expansion of the biodegradable product market is another driver of the bioplastic textile industry. Within the predicted timeframe, the market is expected to witness a plethora of opportunities driven by the increasing demand for bio-based products as a result of strict regulatory criteria and green credits offered by the government to promote sustainable products. Bioplastics are becoming more popular as an alternative to traditional plastics, which is helping to fuel demand increases in the footwear and apparel industries and is in line with green objectives, which is fueling market expansion.
Report Coverage
Global Bioplastic Textile research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Bioplastic Textile report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Bioplastic Textile competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Bioplastic Textile market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Biome, GALATEA BIO TECH, NaturePlast, FKuR, Bioplastics Ltd, DuPont de Nemours, Inc., Bio-on SpA, Corbion N.V., Ercros S.A., Gucci, BASF SE |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Bioplastic Textile Market from 2021 to 2031.
- Market Forecast for Bioplastic Textile Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Bioplastic Textile competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Bioplastic Textile
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Bioplastic Textile market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Bioplastic Textile market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Biome, GALATEA BIO TECH, NaturePlast, FKuR, Bioplastics Ltd, DuPont de Nemours, Inc., Bio-on SpA, Corbion N.V., Ercros S.A., Gucci, BASF SE
Primary Target Market
- Market Players of Bioplastic Textile
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Bioplastic Textile market based on the below-mentioned segments:
Global Bioplastic Textile Market, By Material
Polytrimethylene Terephthalate (PTT)
Polyamide (PA)
Polyethylene Terephthalate (PET)
Polylactic Acid (PLA) or Polylactide
Others
Global Bioplastic Textile market, By Application
Home Textiles
Clothing
Footwear
Others
Global Bioplastic Textile Market, By Source
Sugarcane
Beet
Corn Starch
Cassava
Others (Including Wheat and Potatoes)
Global Bioplastic Textile market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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