UK Bioplastics Market Size & Outlook, 2022-2030
UK bioplastics market, 2018-2030 (US$M)
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UK bioplastics market highlights
- The UK bioplastics market generated a revenue of USD 716.8 million in 2022 and is expected to reach USD 2,790.8 million by 2030.
- The UK market is expected to grow at a CAGR of 18.5% 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.
Bioplastics market data book summary
| Market revenue in 2022 | USD 716.8 million |
| Market revenue in 2030 | USD 2,790.8 million |
| Growth rate | 18.5% (CAGR from 2022 to 2030) |
| Largest segment | Biodegradable |
| Fastest growing segment | Non-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, UK accounted for 6.2% 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 Europe, Germany bioplastics market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,790.8 million by 2030.
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Bioplastics Market Scope
Bioplastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 50.32% in 2022. Horizon Databook has segmented the UK bioplastics market based on biodegradable, non-biodegradable covering the revenue growth of each sub-segment from 2018 to 2030.
The UK bioplastics market is expected to grow at a significant rate on account of recent developments regarding the use of biopolymer and compostable packaging in the grocery sector. Industries utilizing these green packaging materials are food & beverage and pharmaceutical among others.
In addition, the textile industry in the UK is anticipated to create significant demand for bioplastics over the forecast period. The UK is one of the major textile markets in the European region. Since the outbreak of COVID-19, retailers have lost a significant amount of business due to disruptions in supply from China and are now turning back to British manufacturers.
This is further anticipated to propel the growth of the textile industry in the UK. However, declining consumer discretionary spending, owing to the focus on essential products, is anticipated to impact the industry’s growth, especially in the fashion apparel segment.
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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 country-level data and insights on the UK bioplastics market , including forecasts for subscribers. This country databook contains high-level insights into UK bioplastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK bioplastics market size, by product, 2018-2030 (US$M)
UK Bioplastics Market Outlook Share, 2022 & 2030 (US$M)
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