Japan Bioplastics Market Size & Outlook, 2022-2030
Japan bioplastics market, 2018-2030 (US$M)
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Japan bioplastics market highlights
- The Japan bioplastics market generated a revenue of USD 349.6 million in 2022 and is expected to reach USD 1,388.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 18.8% 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.
Bioplastics market data book summary
| Market revenue in 2022 | USD 349.6 million |
| Market revenue in 2030 | USD 1,388.4 million |
| Growth rate | 18.8% (CAGR from 2022 to 2030) |
| Largest segment | 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, Japan accounted for 3.0% 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 Asia Pacific, China bioplastics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 761.9 million by 2030.
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Bioplastics Market Scope
Bioplastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 54.38% in 2022. Horizon Databook has segmented the Japan bioplastics market based on biodegradable, non-biodegradable covering the revenue growth of each sub-segment from 2018 to 2030.
Bioplastics market in Japan is majorly driven by the rising product demand in packaging and consumer goods application segments. Growing concerns about plastic waste among the public and China’s rejection to import plastic trash from Japan are some of the major factors driving the bioplastics market in the country.
Furthermore, according to health policy studies of the Organization for Economic Cooperation and Development (OECD), Japan has the highest life expectancy of 83.9 years among OECD countries. The rising prevalence of diseases among the aging population is fueling the demand for medical devices in the country. This is expected to drive the demand for bioplastics in Japan over the forecast period.
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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 Japan bioplastics market , including forecasts for subscribers. This country databook contains high-level insights into Japan bioplastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan bioplastics market size, by product, 2018-2030 (US$M)
Japan Bioplastics Market Outlook Share, 2022 & 2030 (US$M)
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