Aerospace Bioplastics Market Size, Share, Growth Analysis, By Type(Non-Biodegradable and Biodegradable), By Application(Cabin Interiors, and Engine Components) - Industry Forecast 2024-2031

Global Aerospace Bioplastics Market size was valued at USD 5.30 billion in 2022 and is poised to grow from USD 6.00 billion in 2023 to USD 16.18 billion by 2031, growing at a CAGR of 13.20% during the forecast period (2024-2031).

As the industry continues to prioritize sustainability and environmental responsibility, the market is expected to grow further in the coming years. The aerospace industry has been under pressure to reduce its carbon footprint and minimize waste generation. Bioplastics offer a more sustainable alternative to conventional plastics as they are biodegradable, compostable, and derived from renewable resources. They help in reducing greenhouse gas emissions and the consumption of fossil fuels. Bioplastics offer the advantage of being biodegradable and compostable, which means they can break down naturally over time. In the aerospace industry, where there is a significant amount of plastic waste generated during manufacturing and operational processes, the use of bioplastics can help reduce the accumulation of non-biodegradable waste. There is a growing consumer demand for sustainable products and eco-friendly solutions across industries, including aerospace. Airlines and aerospace manufacturers are recognizing the importance of addressing this demand by incorporating environmentally friendly materials like bioplastics in their products. Advances in bioplastic manufacturing processes and material engineering have contributed to the introduction of bioplastics in the aerospace sector. Research and development efforts have focused on improving the strength, durability, and heat resistance of bioplastics to meet the stringent requirements of aerospace applications.

US Aerospace Bioplastics Market is poised to grow at a sustainable CAGR for the next forecast year.