Mexico Bioplastics Market Size & Outlook, 2022-2030
Mexico bioplastics market, 2018-2030 (US$M)
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Mexico bioplastics market highlights
- The Mexico bioplastics market generated a revenue of USD 216.0 million in 2022 and is expected to reach USD 794.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 17.7% 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 216.0 million |
| Market revenue in 2030 | USD 794.3 million |
| Growth rate | 17.7% (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, Mexico accounted for 1.9% 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 North America, U.S. bioplastics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 10,555.4 million by 2030.
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Bioplastics Market Scope
Bioplastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 52.45% in 2022. Horizon Databook has segmented the Mexico bioplastics market based on biodegradable, non-biodegradable covering the revenue growth of each sub-segment from 2018 to 2030.
Bioplastics market in Mexico is expected to witness substantial growth over the forecast period owing to the rising demand from key application sectors such as packaging and consumer goods. The growing adoption of bioplastic in food packaging and agriculture is further propelling the demand for bioplastics in the country.
In 2021, bioplastics-based products were the most consumed product types in the country due to their high demand in consumables & electronics, electric automotive components, and the packaging industry Mexico was one of the largest importers of plastics globally.
Furthermore, rising environmental concerns related to single-use plastics and the government’s initiatives to reduce global warming and greenhouse gas emissions are expected to provide lucrative opportunities for market growth in the coming years.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico bioplastics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico bioplastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico bioplastics market size, by product, 2018-2030 (US$M)
Mexico Bioplastics Market Outlook Share, 2022 & 2030 (US$M)
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