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Bioplastic Textiles Market to Receive Overwhelming Hike in Revenues by 2027

Bioplastic Textiles Market to Receive Overwhelming Hike in Revenues by 2027

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Bioplastic Textiles Market to Receive Overwhelming Hike in Revenues by 2027

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  1. ©2019 Transparency Market Research, All Rights Reserved Bioplastic Textiles Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved

  2. ©2019 Transparency Market Research, All Rights Reserved About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insightfor thousands of decision-makers. Wehavean experienced team of Analysts, Researchers, and Consultants, who useproprietary data sources and various tools and techniques to gather and analyzeinformation. Our business offerings representthelatest and themostreliableinformationindispensableforbusinessestosustaina competitiveedge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. Thesereports providein-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reportsstriveto serveclients and satisfytheir overallresearchrequirement.

  3. ©2019 Transparency Market Research, All Rights Reserved Global Bioplastic Textiles Market: Key Highlights • The global bioplastic textiles market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~12%during the forecast period. • The global bioplastic textiles marketis driven by the increasing demand for sustainable products among consumers. • Europe accounts for a major share of the global bioplastic textiles market, led by the high demand for bioplastic textiles from clothing and automotive manufacturers. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  4. ©2019 Transparency Market Research, All Rights Reserved Key Drivers of Global Bioplastic Textiles Market • Bioplastic textiles are used in diverse applications, such as footwear, clothing, and other accessories. Producers of clothes and footwear have adopted bioplastic textiles, primarily due to climatic changes, volatile prices of petroleum, and high prices of natural gas, which is the key feedstock usedin the production of syntheticplastics. • Manufacturers not only incorporate bioplastic textiles into their products, but also promote their products as environmentally-safe. Thus, various initiatives by renowned brands are augmenting the demand for bioplastic textiles. • Rain Poncho, produced by Spain-based Equilicua, is the perfect example of bioplastic protective coatings. This raincoat is produced from potatostarch.

  5. ©2019 Transparency Market Research, All Rights Reserved Polylactic Acid (PLA) to Witness Attractive Opportunities • Polylactic acid (PLA) is a biodegradable plastic derived from agricultural sources such as sugarcane, potatoes, and tapioca roots. Due to its degradable nature, polylactic acid has several applications. • It is completely degradable under compost conditions. Polylactic acid is used to obtainproducts with a long lifespan. • PLA is available on an industrial scale, and its production does not require high initial investments and strict timelines, which are commonly associated with new polymers. ©2019 Transparency Market Research, All Rights Reserved

  6. ©2019 Transparency Market Research, All Rights Reserved Top Three Players Hold 40% Share of Global Bioplastics Industry • • • ErcrosS.A BASF SE NatureworksLLC. BASF SE is a leading manufacturer of bioplastics. The company constituted ~13% share of the global bioplastics industry in 2018. BASF SE aims at strengthening its position as a leading energy company. It is the largest producer of chemicals in the world. ©2019 Transparency Market Research, All Rights Reserved

  7. ©2019 Transparency Market Research, All Rights Reserved To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact: Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY –12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

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