Bioplastic Textiles Market o Witness Widespread Expansion by 2027

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Bioplastic Textiles Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

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Global Bioplastic Textiles Market Key
Highlights

• The global bioplastic textiles market was valued
  at US 440 Mn in 2018, and is anticipated to
  expand at a CAGR of 12 during the forecast
  period.
• The global bioplastic textiles market is driven
  by the increasing demand for sustainable products
  among consumers.
• Europe accounts for a major share of the global
  bioplastic textiles market, led by the high
  demand for bioplastic textiles from clothing and
  automotive manufacturers. 

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Key Drivers of Global Bioplastic Textiles Market

• Bioplastic textiles are used in diverse
  applications, such as footwear, clothing, and
  other accessories. Producers of clothes and
  footwear have adopted bioplastic textiles,
  primarily due to climatic changes, volatile
  prices of petroleum, and high prices of natural
  gas, which is the key feedstock used in the
  production of synthetic plastics.
• Manufacturers not only incorporate bioplastic
  textiles into their products, but also promote
  their products as environmentally-safe. Thus,
  various initiatives by renowned brands are
  augmenting the demand for bioplastic textiles.
• Rain Poncho, produced by Spain-based Equilicua,
  is the perfect example of bioplastic protective
  coatings. This raincoat is produced from potato
  starch.

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Polylactic Acid (PLA) to Witness Attractive
Opportunities

• Polylactic acid (PLA) is a biodegradable plastic
  derived from agricultural sources such as
  sugarcane, potatoes, and tapioca roots. Due to
  its degradable nature, polylactic acid has
  several applications.
• It is completely degradable under compost
  conditions. Polylactic acid is used to obtain
  products with a long lifespan.
• PLA is available on an industrial scale, and its
  production does not require high initial
  investments and strict timelines, which are
  commonly associated with new polymers.

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Top Three Players Hold 40 Share of Global
Bioplastics Industry

•  Ercros S.A
• BASF SE
• Natureworks LLC.
• BASF SE is a leading manufacturer of bioplastics.
  The company constituted 13 share of the global
  bioplastics industry in 2018. BASF SE aims at
  strengthening its position as a leading energy
  company. It is the largest producer of chemicals
  in the world.

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