The global bioplastic textiles market is projected to expand at a CAGR of around 12% over the 2021 to 2031 assessment period, with Polytrimethylene Terephthalate (PTT) and Polylactic Acid (PLA) being the most sought-after materials in this space. A circular economy is “restorative and regenerative by design” that aims at keeping the materials, products and components at their respective highest utility and value all the time. Bioplastics fit in this notion by introducing a more circular concept of “make, use, reuse, recycle”.
Ensuring long term investments in biorefineries and integration with local agronomical value chain will give a major boost to the bioplastic textiles industry and eventually helping in transitioning to a circular economy. Moreover, favourable governmental policies coupled with increasing awareness regarding the circular economy is expected to drive the demand for bioplastics over the forecast period.
As per the report published by Fact.MR, the bioplastic textiles market is anticipated to expand at a CAGR of around 12% over the next ten years.
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Key Market Segments Covered
- By Material
- Polytrimethylene Terephthalate (PTT)
- Polyamide (PA)
- Polyethylene Terephthalate (PET)
- Polylactic Acid (PLA) or Polylactide
- By Source
- Corn Starch
- Including Wheat
- By Application
- Home Textiles
- By Region
- North America
- Asia Pacific
- Rest of World
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The aforementioned market players are considered as the prominent players in the bioplastic textiles market. Further, key market players are focusing on gaining access to untapped regions by performing geographic expansions. They are focusing on strategic partnership, innovative product launches and acquisitions in the market space to substantially increase its market presence.
- For instance, in July 2019 Braskem partnered with Atlhetica Nutrition to use its recently launched green plastic product for packaging.
Key Companies Profiled
- Natureworks LLC
- BASF SE
- Ercros S.A
- Bio-on SpA
- DuPont de Nemours
- Biome Bioplastics
- GALATEA BIOTECH
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The report covers following Bioplastic Textiles Market insights and assessment that are helpful for all participants involved in the Bioplastic Textiles market:
- Data on recently introduced regulations and their impact on key industries and on demand in Bioplastic Textiles
- Latest industry Analysis on Bioplastic Textiles Market, with key analysis of market drivers, trends, and influencing factors
- Key trends Analysis of Bioplastic Textiles Market and changing consumer preferences in major industries.
- Changing Bioplastic Textiles demand and consumption of diverse products
- Major trends underlining funding by key investors in numerous countries
- New investment opportunities in diverse technology and product or service types
- Comprehensive data and Competitive analysis of Bioplastic Textiles major players
- Bioplastic Textiles Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Bioplastic Textiles demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
Questionnaire answered in the Bioplastic Textiles Market report include:
- How the market for Bioplastic Textiles has grown?
- What is the present and future outlook of the global Bioplastic Textiles on the basis of region?
- What are the challenges and opportunities for the Bioplastic Textiles?
- Why the consumption of Bioplastic Textiles highest in region?
- In which year segment is expected to overtake segment?
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