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.
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.
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.
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
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.