Bio Plasticizers Market Trends Statistics Global Canada

  • Bio Plasticizers Market Trends Statistics Global Canada
  • Bio Plasticizers Market Trends Statistics Global Canada
  • Bio Plasticizers Market Trends Statistics Global Canada
  • What is the global market for biodegradable plastics?
  • The global market for biodegradable plastics is projected to grow at a compound annual growth rate (CAGR) of more than 24% during 2021–26. Canada is one of the largest producers of bio-degradable plastic along with China, United States, Brazil, and Germany among the top five countries.
  • How big is the bioplastics market?
  • The bioplastics market in the U.S. is projected to grow significantly, reaching an estimated value of USD 11.11 billion by 2032, driven by growing demand for lightweight automobile parts and electronic goods. Bioplastics, originating from renewable sources, serve as a promising solution for curbing plastic waste.
  • How bioplastics market is growing in Europe?
  • Currently, the region holds about 25% of production of bioplastics as per the data by the European Bioplastics. In addition, a robust automotive industry and the increasing demand for bio-based packaging products by various manufacturers in the region are expected to favor the market growth.
  • How much is Canada's bio-degradable plastic market worth?
  • Canada’s bio-degradable plastic market was valued at $282 million in 2021 with market volume of 83 thousand Tonnes. The country’s market grew at a CAGR of 6.1% during 2017–21 in terms of value, and the volume also grew at a CAGR of 1.1% during 2017–21.
  • Why is bioplastic a growing market in agriculture & horticulture?
  • Furthermore, besides fostering plant growth, bioplastic decomposes naturally, enriching the soil in the process. Hence, the demand for such bio-based plastics is on the rise in agriculture and horticulture, which is poised to generate favorable growth prospects for the global market during the forecast period.
  • Which country produces the most bio-degradable plastic?
  • Canada is one of the largest producers of bio-degradable plastic along with China, United States, Brazil, and Germany among the top five countries. Canada’s bio-degradable plastic market was valued at $282 million in 2021 with market volume of 83 thousand Tonnes.

Recommended hot-selling products