Middle East & Africa Bioplastics Market Size & Outlook
Middle East & Africa bioplastics market, 2018-2030 (US$M)
Related Markets
MEA bioplastics market highlights
- The MEA bioplastics market generated a revenue of USD 254.4 million in 2022.
- The market is expected to grow at a CAGR of 15% from 2023 to 2030.
- In terms of segment, biodegradable was the largest revenue generating product in 2022.
- Non-Biodegradable is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 254.4 million |
| Market revenue in 2030 | USD 779.1 million |
| Growth rate | 15% (CAGR from 2022 to 2030) |
| Largest segment | Biodegradable |
| Fastest growing segment | Non-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, MEA region accounted for 2.2% 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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Middle East & Africa 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 54.72% in 2022. Horizon Databook has segmented the Middle East & Africa bioplastics market based on biodegradable, non-biodegradable covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa bioplastics market is anticipated to witness steady growth over the forecast period. Saudi Arabia dominated the Middle East & Africa bioplastics market in 2020 and the trend is expected to continue over the forecast period. Rising environmental concerns and the increasing inclination of consumers toward sustainable products are anticipated to fuel the demand for bioplastics among end-use application industries.
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Our clientele includes a mix of bioplastics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa bioplastics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa bioplastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Bioplastics Market Outlook Share, 2022 & 2030 (US$M)
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