Latin America Bioplastics Market Size & Outlook, 2022-2030
Latin America bioplastics market, 2018-2030 (US$M)
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Latin America bioplastics market highlights
- The Latin America bioplastics market generated a revenue of USD 595.9 million in 2022.
- The market is expected to grow at a CAGR of 20.2% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 595.9 million |
| Market revenue in 2030 | USD 2,605.3 million |
| Growth rate | 20.2% (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, Latin America region accounted for 5.1% 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 |
|---|
Latin America 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 50.18% in 2022. Horizon Databook has segmented the Latin America bioplastics market based on biodegradable, non-biodegradable covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America includes countries such as Brazil, Argentina, Peru, Chile, Venezuela, Ecuador, and few others. According to the UN Environment Programme, in 2022, in preparation for UN Environment Assembly conference, the Glasgow Climate Change Conference (COP 26) and the UN Environment Programme (UNEP) has published a comprehensive assessment of the marine pollution situation.
The aforementioned factor is likely to create demand for bioplastics in the region. Increasing demand for bioplastics in packaging, textile, and medical devices, among other applications is fueling market growth in the region. The presence of major agricultural countries in the region, such as Brazil, Argentina, and Chile are anticipated to create a demand for bioplastics 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 continent-level data and insights on the Latin America bioplastics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America bioplastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America bioplastics market size, by country, 2018-2030 (US$M)
Latin America Bioplastics Market Outlook Share, 2022 & 2030 (US$M)
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