What is the key driver of Global Bioplastic Textile Market?

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.

What is the key market trend for Global Bioplastic Textile Market?

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.

Bioplastic Textile Market Size, Share, Growth Analysis, By Source(Sugarcane, Beet), By Material(Polylactic Acid, Polyhydroxyalkanoates), By End-user(Home Textiles, Clothing) - Industry Forecast 2024-2031

Q: What is the global market size of Bioplastic Textile Market?

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).

Report ID: SQMIG25M2054 | Region: Global | Published Date: February, 2024
Pages: 223 | Tables: 93 | Figures: 76

Bioplastic Textile Market News

In May 2023, The organization Patagonia announced that it'd be phasing out the usage of virgin polyester in its apparel via 2025. Patagonia will update virgin polyester with recycled polyester or bio-primarily based materials.

In March 2023, The organisation Lenzing announced that it had released a new line of Tencel bio-based textiles. The textiles are made from wooden pulp and are stated to be extra sustainable than conventional cotton textiles.

In October, 2021, Welspun India and DuPont Biomaterials collaborated to launch a new home fabric collection, consisting of tub towels and mattress sheets, made with bio-primarily based materials. The series turned into developed to cater to the developing call for home textile merchandise that not best convey favored performance however also are sustainable.

In October 2021, Bucha Bio Inc. Raised US$ zero.55 million of their fundraising spherical that the company will make use of to scale the manufacturing in their signature biotextile line, MIRAI.

In August 2021, Origin Materials and PrimaLoft formed a strategic alliance to expand carbon-negative insulating fiber for outside tools, bedding, and clothing.

Bioplastic Textile Market Report Snapshots

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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 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. 'FuR (US)', 'Ercros S.A. (Spain)', 'NaturePlast (France)', 'Corbion N.V. (Netherlands)', 'Bio-on SpA (Italy)', 'Biome (UK)', 'GALATEA BIO TECH (US)', 'DuPont de Nemours, Inc. (US)', 'Gucci (Italy)', 'BASF SE (Germany)', 'Bioplastics Ltd (UK)', 'TotalEnergies (France)', 'Novamont S.p.A. (Italy)', 'Mitsubishi Chemical Corporation (Japan)', 'PTT Chemical Public Company Limited (Thailand)', 'Arkema S.A. (France)', 'Eastman Chemical Company (US)', 'Cardia Bioplastics (Australia)', 'FKuR Kunststoff GmbH (Germany)', 'Plantic Technologies Limited (Australia)'

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.

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Bioplastic Textile Market Size, Share, Growth Analysis, By Source(Sugarcane, Beet), By Material(Polylactic Acid, Polyhydroxyalkanoates), By End-user(Home Textiles, Clothing) - Industry Forecast 2024-2031

Bioplastic Textile Market News

Bioplastic Textile Market Report Snapshots

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What is the market size of Bioplastic Textile Market?

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