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Bioplastic Textiles Market (Material - Polyamide, Polytrimethylene Terephthalate, Polyethylene Terephthalate, Polylactic Acid, and Other Materials; Source - Beet, Sugarcane, Cassava, Corn Starch, and Other Sources; Application - Clothing, Footwear, Home Textiles, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : CM0263

  • Category : Chemicals & Materials

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Bioplastic Textiles Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Bioplastic Textiles Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Bioplastic Textiles Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on the bioplastic textiles market provides an in-depth analysis of segments and sub-segments in the global as well as regional bioplastic textiles market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional bioplastic textiles market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global bioplastic textiles market. According to the report, the global bioplastic textiles market is projected to grow at a CAGR of 19.8% over the forecast period of 2019-2025. 

 

Market Insight 

Bioplastic products are produced from renewable biomass sources such as corn starch, woodchips, sawdust, and others. Bioplastics have a wide range of applications in textiles for clothing, medicine, and the automotive industry. Growing awareness about environment protection propels the market growth. Market players in the textile industry are focused on shifting towards innovative and high added-value products. 

 

The growing demand for biodegradable products drives the growth of the bioplastic textiles market. Bioplastic products are compostable and decompose within a few weeks as compared to conventional plastic that takes almost 500 years to degrade. The rising government initiatives for the use of environment-friendly products led to the development of bioplastic textiles. Further, synthetic fibers have harmful effects on aquatic life that causes the consumer to switch towards greener alternative for petroleum-based polyesters used in textiles. Additionally, the increasing adoption of the bioplastic product in fabrics and home textiles complement the expansion of the bioplastic textiles market. On the flip side, high costs for bioplastic production hinder the growth of the bioplastic textiles market. Moreover, research and development in the production of biodegradable plastics create numerous opportunities for the growth of the bioplastic textiles market. 

 

Geographically, the global bioplastic textiles market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Europe is expected to hold a dominant share in the global bioplastic textiles market. The growing inclination towards green products and the huge production of new eco-friendly products in Europe led to the expansion of the bioplastic textile market in Europe. Europe is focused on transforming into a greener economy that fuels the demand for bioplastic products in Europe. Asia-Pacific the region is anticipated to grow in the global bioplastic textile market with a healthy CAGR over the forecast period. The government in India and China banned the use of conventional plastics owing to its harmful effects on humans, aquatic life, and animals contribute to the rise in demand for biodegradable products in Asia-Pacific. The rising apparel industry and preference for online shopping in the region drive the market growth in the region. North America has fruitful growth opportunities in the global bioplastic textiles market owing to the increasing preference of consumers for biodegradable products. 

 

Segment Covered 

The report on the global bioplastic textiles market covers segments such as material, source, and application. On the basis of material, the sub-markets include polyamide, polytrimethylene terephthalate, polyethylene terephthalate, polylactic acid, and other materials. On the basis of source, the sub-markets include beet, sugarcane, cassava, corn starch, and other sources. On the basis of application, the sub-markets include clothing, footwear, home textiles, and other applications. 

 

Companies Profiled:

The report provides profiles of the companies in the market such as BASF SE, GALATEA BIO TECH, Biome Bioplastics Ltd., Corbion N.V., Ercros S.A., FKuR, NaturePlast, Bio-on SpA, Gucci, DuPont de Nemours, Inc., and Other companies. 

 

Report Highlights: 

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the bioplastic textiles market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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