high quality Bio-plasticizers Market Status 2024

  • high quality Bio-plasticizers Market Status 2024
  • high quality Bio-plasticizers Market Status 2024
  • high quality Bio-plasticizers Market Status 2024
  • What is the outlook for the bio-based plasticizers market?
  • The high cost of bio-plasticizers, when compared with conventional plasticizers, is likely to hinder the growth of the market. Ongoing research on bio-based plasticizers is likely to create opportunities for the market during the forecast period. The Asia-Pacific region is expected to dominate the market.
  • What is the market size of bio-plasticizers?
  • Looking forward, IMARC Group expects the market to reach US$ 1.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028. Bio-plasticizers refer to biologically derived additives used for improving the flexibility, softness, texture, functional properties and volatility of plasticized polymers.
  • 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 is the bio-plasticizers market segmented?
  • The bio-plasticizers market is segmented by Type (Epoxidized Soybean Oil, Castor Oil, Citrates, Succinic Acid, Other Types), Application (Wire and Cables, Film and Sheet, Flooring and Wall Covering, Medical Devices, Package Materials, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa).
  • 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.
  • 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.

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