Brazil Bioplastics Market Size & Outlook, 2022-2030
Brazil bioplastics market, 2018-2030 (US$M)
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Brazil bioplastics market highlights
- The Brazil bioplastics market generated a revenue of USD 383.0 million in 2022 and is expected to reach USD 1,675.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 20.3% from 2023 to 2030.
- In terms of segment, non-biodegradable was the largest revenue generating product in 2022.
- Biodegradable is the most lucrative product segment registering the fastest growth during the forecast period.
Bioplastics market data book summary
| Market revenue in 2022 | USD 383.0 million |
| Market revenue in 2030 | USD 1,675.9 million |
| Growth rate | 20.3% (CAGR from 2022 to 2030) |
| Largest segment | Non-biodegradable |
| Fastest growing segment | Biodegradable |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 3.3% of the global bioplastics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil bioplastics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,675.9 million by 2030.
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Bioplastics Market Scope
Bioplastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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.
Non-biodegradable was the largest segment with a revenue share of 50.39% in 2022. Horizon Databook has segmented the Brazil bioplastics market based on biodegradable, non-biodegradable covering the revenue growth of each sub-segment from 2018 to 2030.
The dominance of Brazil in the Central & South America bioplastics market is likely to continue over the forecast period. Agriculture is one of the major sectors contributing to the Brazilian economy. The country’s agricultural production has grown rapidly in the recent past.
Furthermore, the expansion of available harvesting land and improvements in crop management practices have enabled the country to become a leading exporter of corn, sugar, soybean, and coffee. With a continued rise in production and additional land available for farming, the country is likely to witness further growth in agricultural production and exports.
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Our clientele includes a mix of bioplastics market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil bioplastics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil bioplastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil bioplastics market size, by product, 2018-2030 (US$M)
Brazil Bioplastics Market Outlook Share, 2022 & 2030 (US$M)
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