Bioplastic Textiles Market o Witness Widespread Expansion by 2027 - PowerPoint PPT Presentation

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Bioplastic Textiles Market o Witness Widespread Expansion by 2027


Bioplastic Textiles Marketto Witness Widespread Expansion by 2027 – PowerPoint PPT presentation

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Title: Bioplastic Textiles Market o Witness Widespread Expansion by 2027

Bioplastic Textiles Market
  • Global Industry Analysis, Size, Share, Growth,
    Trends and Forecast, 2027

About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
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Global Bioplastic Textiles Market Key
  • 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
  • The global bioplastic textiles market is 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. 

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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 used in the
    production of synthetic plastics.
  • 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 potato

Polylactic Acid (PLA) to Witness Attractive
  • 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 obtain
    products 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.

Top Three Players Hold 40 Share of Global
Bioplastics Industry
  •  Ercros S.A
  • Natureworks LLC.
  • 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.

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