Asia Pacific Bioplastics Market Size & Outlook, 2022-2030
Asia Pacific bioplastics market, 2018-2030 (US$M)
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Asia Pacific bioplastics market highlights
- The Asia Pacific bioplastics market generated a revenue of USD 2,373.3 million in 2022.
- The market is expected to grow at a CAGR of 19.1% from 2023 to 2030.
- In terms of segment, biodegradable was the largest revenue generating product in 2022.
- Biodegradable is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 2,373.3 million |
| Market revenue in 2030 | USD 9,602.9 million |
| Growth rate | 19.1% (CAGR from 2022 to 2030) |
| Largest segment | Biodegradable |
| Fastest growing segment | Biodegradable |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biodegradable, Non-Biodegradable |
| Key market players worldwide | Teijin Ltd, Toray Industries Inc, Toyota Industries Corp, Avantium NV, PTT Global Chemical PCL ADR, Cargill, SABIC, Basf SE, Trinseo PLC, Braskem SA ADR, Corbion NV, Solvay SA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.5% of the global bioplastics market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 2,605.3 million by 2030.
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Bioplastics Market Scope
Bioplastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific bioplastics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bioplastics market will help companies and investors design strategic landscapes.
Biodegradable was the largest segment with a revenue share of 53.31% in 2022. Horizon Databook has segmented the Asia Pacific bioplastics market based on biodegradable, non-biodegradable covering the revenue growth of each sub-segment from 2018 to 2030.
Bioplastics market in Asia Pacific is primarily driven by the growing demand for the product from key industries including consumer goods, packaging, automobile & transport, textile, building & construction, and medical devices. These factors are likely to boost the demand for bioplastics in various end-use industries.
The growing construction spending in the region is expected to create huge demand for bioplastics. Several benefits of bioplastics, such as low cost, energy efficiency, durability, lightweight, and lower carbon footprint, are attracting builders and contractors toward the adoption of bioplastics.
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Target buyers of Asia Pacific bioplastics market databook
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Our clientele includes a mix of bioplastics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific bioplastics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific bioplastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific bioplastics market size, by country, 2018-2030 (US$M)
Asia Pacific Bioplastics Market Outlook Share, 2022 & 2030 (US$M)
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