Bioplastics Market Size, Share, Top Key Players, Growth, Trend and Forecast (Automobiles & Vehicles - Bicycles)
Item ID 2787024 in Category: Automobiles & Vehicles - Bicycles
Bioplastics Market Size, Share, Top Key Players, Growth, Trend and Forecast | |
The report is the latest document offering full coverage of the impact of the COVID-19 outbreak on the Bioplastics market. The global health crisis has affected nearly every aspect of this business vertical, alongside adversely impacting the global economy. The research report encompasses the serious effects of the coronavirus pandemic on the Bioplastics market and its impact on the key market segments. It further gauges the impact of the COVID-induced restrictions on the leading market players, supply chains, and distribution channels. The global bioplastics market size was USD 10.64 Billion in 2021 and is expected to register a revenue CAGR of 16.8% over the forecast period, according to the latest analysis by Emergen Research. Increase in demand for bioplastics from the automotive industry and demand for compostable plastics to improve soil quality are factors expected to support revenue growth of the market between 2022 and 2030. The automotive industry's primary objective and challenge is to reduce fuel consumption and pollutants by reducing vehicle weight. Bioplastics are effective materials for achieving this purpose. These smart plastics, such as bio-PA and bio-PP, have been embraced by major vehicle manufacturers to reduce environmental impact and provide additional strength to automobile components. Thus, demand for these plastics in the automotive industry owing to their excellent properties is anticipated to create lucrative growth prospects for companies in the market. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Bioplastics market along with crucial statistical data about the Bioplastics market. The research study provides historical data and offers accurate forecast estimation until. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies. To receive a sample copy of this report, visit @ https://www.emergenresearch.com/request-sample/172  | |
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| Target State: All States Target City : pune Last Update : 22 December 2023 2:59 PM Number of Views: 81 | Item Owner : aishwarya Contact Email: Contact Phone: 1604 757 9756 |
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2024-05-04 (0.392 sec)