Bioplastic Textiles Market to Reach Valuation of ~US$ 1.2 Bn by 2027; Popularity of Green and Biodegradable Materials to Drive Demand Within the Global Market, Finds TMR

Bioplastic Textiles Market to Reach Valuation of ~US$ 1.2 Bn by 2027; Popularity of Green and Biodegradable Materials to Drive Demand Within the Global Market, Finds TMR

PR Newswire

ALBANY, New York, March 20, 2020

ALBANY, New York, March 20, 2020 /PRNewswire/ -- The global bioplastic textiles market is set to attract formidable investments in the years to follow. There is little contention about the importance of developing environment-friendly, biodegradable, and green polymers that coexist with natural resources. Besides, researchers are under constant pressure to popularise polymers and bioplastics that do not erode the natural fabric of the earth. As new technologies come to the fore of the chemical industry, bioplastics are expected to become the centrepiece of sustainable growth within the energy sector. Manufactured from renewable biomass, bioplastics meet the standards for composability and biodegradability set by leading research institutes. The growth of the global bioplastic textiles market is a function of the research fraternity proactiveness in embracing green technologies. Several research entities are spearheading advancements in the field of green energy technologies.

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The total worth of the global bioplastic textiles market is expected to touch US$ 1.2 Bn by 2027, rising up from a value of US$ 440 Mn in 2018. The CAGR of the global bioplastic textiles market is tabulated at 12% over the period between 2019 and 2027. The growth of this market can largely be attributed to advancements in green and energy-efficient technologies.

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Chemical Industry to Foster Agility and Sustainability across its Research Operations

Gather insights-based inferences on the leading trends and opportunities floating across the Bioplastic Textiles Market (Material: Polytrimethylene Terephthalate [PTT], Polyamide [PA], Polyethylene Terephthalate [PET], Polylactic Acid [PLA], and Others; Source: Sugarcane, Beet, Corn Starch, Cassava, and Others; and Application: Home Textiles, Clothing, Footwear, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at: https://www.transparencymarketresearch.com/bioplastic-textile-market.html

Global Bioplastic Textiles Market: Growth Drivers

The presence of a seamless industry for chemical research has added a touch of sophistication to several new technologies. Development of green, biodegradable, and sustainable polymers has become a reality, and manufacturers are basking in the success of new manufacturing technologies. The EN 13432 / EN 14995 standards for biodegradability and composability set by European Bioplastics e.V. have helped in popularising bioplastic textiles. In the contemporary times, the following factors are driving sales across the global bioplastic textiles market:

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Reliance on Toxic Biochemicals and Plastics to Hamper Market Growth

Global Bioplastic Textiles Market: Competitive Landscape

The New York City Council has revealed its plans towards achieving its goal of "Zero Waste Generation" by 2030. The council intends to conduct extensive studies on management of bioplastics, and is looking for green technologies to manage waste. This announcement has come as a forerunner to the growth of vendors operating in the global bioplastic textiles market. Some of these vendors are NaturePlast, DuPont de Nemours, Inc., and FKuR Biome Bioplastics.

Analyze Bioplastic Textiles Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

The global bioplastic textiles market can be segmented as:

Bioplastic Textiles Market by Material

Bioplastic Textiles Market by Source

Bioplastic Textiles Market by Application

Bioplastic Textiles Market by Region

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