USD 599.67 million
Report ID:
SQMIG25M2054 |
Region:
Global |
Published Date: February, 2024
Pages:
223
|Tables:
93
|Figures:
76
Global Bioplastic Textile Market size was valued at USD 599.67 million in 2021 and is poised to grow from USD 671.03 million in 2022 to USD 1649.62 million by 2030, growing at a CAGR of 11.9% in the forecast period (2023-2030).
The international bioplastic textile market is experiencing sizeable boom as sustainability and eco-awareness turn out to be increasingly essential to clients and corporations alike. Bioplastic textiles, which might be made from renewable and biodegradable sources, offer a greater environmentally friendly alternative to traditional textiles. This shift towards eco-friendly substances is driven with the aid of a growing consciousness of the harmful environmental impacts associated with traditional fabric production and disposal.
Companies inside the bioplastic fabric industry are innovating to create products that meet each environmental and performance requirements, making them appealing to a huge range of industries, consisting of style, automobile, and domestic textiles. Moreover, regulatory projects promoting sustainable practices are further propelling the adoption of bioplastic textiles.
As purchaser demand for sustainable and green products keeps to rise, the bioplastic textile market is poised for persisted expansion. The marketplace's growth is underpinned with the aid of a global push toward a greater sustainable destiny, emphasizing the significance of environmentally responsible production methods and substances in the textile industry.
Global Market Size
USD 599.67 million
Largest Segment
Sugarcane
Fastest Growth
Sugarcane
Growth Rate
11.9% CAGR
To get more reports on the above market click here to Buy The Report
The worldwide bioplastic fabric market is segmented on the basis of Source, Material, End-user, and region.Based on source the market is segmented as Sugarcane, Beet, Corn Starch, Cassava. On the basis of material the market is segmented as Polylactic Acid, Polyhydroxyalkanoates, Polyhydroxybutyrate, Bio-polyester, Bio-polyamide. Based on end-user, it is segregated into Home Textiles, Clothing, Footwear. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Source
Sugarcane is the dominating source for bioplastic production due to its high sugar content, which can be efficiently converted into bioplastic feedstock. Its widespread cultivation in regions like Brazil and Southeast Asia makes it a major contributor to the bioplastic market.
However, corn starch is the fastest-growing source in the bioplastic market. This is primarily attributed to the vast availability of corn and established production infrastructure, especially in the United States. Corn starch offers a versatile and economically viable feedstock for bioplastic production, driving its rapid growth.
Analysis by End-user
Clothing is the dominating end-user segment in the bioplastic textile market.This can be attributed to the giant adoption of sustainable fashion practices and consumers' developing choice for green apparel options. Many apparel manufacturers are an increasing number of incorporating bioplastic textiles into their product strains to cater to this call for, therefore using the dominance of garb within the marketplace.
Moreover, Home textiles are the quickest-developing give up-user segment inside the bioplastic textile market. The growth may be attributed to the growing recognition of sustainable and biodegradable materials inside the manufacturing of objects like bedding, upholstery, and curtains. Consumers have become more conscious of the environmental impact of domestic furniture, driving the call for bioplastic fabric-based total products in this phase. Additionally, regulatory incentives promoting sustainability in domestic textiles are further accelerating the boom of this end person.
To get detailed analysis on other segments, Request For Free Sample Report
Europe is presently dominating the bioplastic textile marketplace. This dominance is attributed to the location's strong emphasis on sustainability and green practices. European countries have been early adopters of bioplastic textiles, pushed by stringent environmental guidelines and developing purchaser attention to the need for sustainable textiles.
However, Asia Pacific is experiencing the quickest increase within the bioplastic textile marketplace. This boom may be attributed to numerous elements, inclusive of the area's huge populace, rising disposable income, and a burgeoning fabric enterprise. Additionally, the adoption of bioplastic textiles is being multiplied by increasing environmental issues and the choice to reduce the environmental footprint of the textile zone.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Sustainability Initiatives
As purchasers and businesses more and more prioritize green products, bioplastic textiles are gaining traction because of their renewable and biodegradable nature. Government rules and patron demand for sustainable materials are propelling the adoption of bioplastics inside the textile industry.
Restraints
Production Costs
A full-size restraint inside the bioplastic fabric marketplace is especially better than production prices compared to standard fabric substances. The sourcing and processing of bioplastic raw materials can be more expensive, impacting the affordability of bioplastic textiles for each producer and consumers. Reducing manufacturing prices while maintaining fine is a vital project that the industry wishes to deal with to pressure wider adoption.
Request Free Customization of this report to help us to meet your business objectives.
The aggressive landscape inside the bioplastic textile enterprise is characterized by a numerous array of companies striving to set up themselves as leaders in sustainable fabric manufacturing. These players are engaged in research and improvement efforts to create innovative bioplastic textile materials that offer enhanced sturdiness, performance, and environmental blessings.
Market competition is pushed by using the want to stabilize cost-effectiveness with sustainability, with companies searching to broaden price-efficient manufacturing procedures for bioplastic textiles whilst assembling the growing call for eco-friendly merchandise. Collaboration and partnerships among fabric producers, bioplastic producers, and technology innovators also are standard as enterprise members work collectively to boost sustainable textile answers.
Top Player’s Company Profiles
Recent Developments
Shift Towards Circular Economy : A key market trend inside the bioplastic fabric enterprise is the growing adoption of round financial system standards. Companies are specializing in designing bioplastic textiles that aren't most effectively sustainable in their production but also recyclable and biodegradable at the end of their life cycle. This fashion aligns with worldwide sustainability dreams and addresses concerns about textile waste and environmental effect, using innovation in the industry.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global bioplastic textile market analysis, the market is poised for remarkable growth in the coming years, driven by a confluence of factors that underline the industry's pivotal role in addressing sustainability challenges. With a growing focus on environmental troubles, there is a huge shift towards green and biodegradable materials, of which bioplastic textiles stand at the leading edge.
Key players in the enterprise are investing heavily in studies and development to create innovative, excessive-overall performance bioplastic fabric answers that meet the ever-growing call for sustainable merchandise.
Furthermore, regulatory projects selling sustainability and stringent environmental requirements are set to inspire the adoption of bioplastic textiles across various sectors, inclusive of style, automotive, and home textiles. This fashion aligns with the worldwide dedication to lessen carbon footprints and decrease the environmental impact of industries.
Looking in advance, the future of the bioplastic textile market holds promising possibilities, with increasingly more groups and consumers spotting the importance of sustainable options.
However, the enterprise faces challenges associated with fee-performance, scale-up of manufacturing, and ensuring that bioplastic textiles meet stringent performance criteria. As the industry continues to conform, it's widely predicted that collaboration among distinct stakeholders, technological advancements, and extra patron recognition will collectively drive the bioplastic fabric market in the direction of an extra sustainable, environmentally responsible, and economically possible future.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 599.67 million |
Market size value in 2030 | USD 1649.62 million |
Growth Rate | 11.9% |
Base year | 2023 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Bioplastic Textile Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bioplastic Textile Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bioplastic Textile Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bioplastic Textile Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG25M2054