industrial grade Bio Plasticizers Market Size Share

  • industrial grade Bio Plasticizers Market Size Share
  • industrial grade Bio Plasticizers Market Size Share
  • industrial grade Bio Plasticizers Market Size Share
  • What is the size of the plasticizers market?
  • Plasticizers Market size was valued at USD 20.44 Billion in 2020 and is projected to reach USD 32.53 Billion by 2028, growing at a CAGR of 6.09% from 2021 to 2028.
  • 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.
  • 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.
  • Are bio-based plastics a good choice for automotive applications?
  • Bio-based plastics are well suited for this purpose and thus have witnessed high demand from the automotive industry. Properties such as high strength-to-weight ratio, durability, rust-proof, and self-heating have fueled the demand for such plastics in automotive applications.
  • What are the segments of bioplastics market?
  • Based on application, the bioplastics market is segmented into rigid packaging, textiles, automotive & transportation, flexible packaging, agriculture & horticulture, consumer goods, and others.

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