U.S. Bioplastics Market Size & Outlook, 2022-2030
U.S. bioplastics market, 2018-2030 (US$M)
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U.S. bioplastics market highlights
- The U.S. bioplastics market generated a revenue of USD 2,660.4 million in 2022 and is expected to reach USD 10,555.4 million by 2030.
- The U.S. 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 2,660.4 million |
| Market revenue in 2030 | USD 10,555.4 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, U.S. accounted for 23.0% 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 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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U.S. 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 54.61% in 2022. Horizon Databook has segmented the U.S. bioplastics market based on biodegradable, non-biodegradable covering the revenue growth of each sub-segment from 2018 to 2030.
The rising demand for packaging in the food & beverage industry is boosting the growth of bioplastics in the U.S. The demand for bioplastics is further expected to grow over the forecast period owing to the physical properties of bio-based plastics and bio bags such as high tensile strength and eco-friendly in nature. They are also used in the collection of organic waste materials and food leftovers.
Furthermore, the initiatives such as the U.S. 2030 Food Loss and Waste Reduction Goal for landfill reduction and the expansion of infrastructures are anticipated to grow the demand for compostable bags or bio-based bags over the forecast period.
The U.S. bioplastics market has been have been in high demand as a result of the expanding use of bioplastics for medical applications. Bioplastics are used for producing equipment including face shields, masks, and other medical equipment.
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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 U.S. bioplastics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. bioplastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. bioplastics market size, by product, 2018-2030 (US$M)
U.S. Bioplastics Market Outlook Share, 2022 & 2030 (US$M)
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