USD 599.67 million
Bioplastic Textile Market Size, Share, Growth Analysis, By Source(Sugarcane, Beet, Corn Starch, Cassava), By Material(Polylactic Acid, Polyhydroxyalkanoates, Polyhydroxybutyrate, Bio-polyester), By End-user(Home Textiles, Clothing, and Footwear), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25M2054 |
Region:
Global |
Published Date: February, 2024
Pages:
223
|Tables:
93
|Figures:
76
Bioplastic Textile Market Insights
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.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Sugarcane
Fastest Growth
Sugarcane
Growth Rate
11.9% CAGR
Global Bioplastic textile market ($ Bn)
Country Share for EUROPE Region (%)
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Bioplastic Textile Market Segmental Analysis
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.
Global Bioplastic textile market by Source
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Bioplastic Textile Market Regional Insights
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.
Global Bioplastic textile market by Geography
- Largest
- Fastest
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Bioplastic Textile Market Dynamics
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.
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Bioplastic Textile Market Competitive Landscape
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
- 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 Global Chemical Public Company Limited (Thailand)
- Arkema S.A. (France)
- Eastman Chemical Company (US)
- Cardia Bioplastics (Australia)
- FKuR Kunststoff GmbH (Germany)
- Plantic Technologies Limited (Australia)
Recent Developments
- 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 Key Market Trends
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 SkyQuest Analysis
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:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Bioplastic Textile Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Bioplastic Textile Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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.
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