The South & Central America bioplastics and biopolymers market is expected to grow from US$ 517.77 million in 2023 to US$ 932.03 million by 2030. It is estimated to grow at a CAGR of 8.8% from 2023 to 2030.
Based on product type, the South & Central America bioplastics and biopolymers market is segmented into polyethylene, polyethylene terephthalate, polylactic acid, polytrimethylene terephthalate, polybutylene adipate terephthalate, polybutylene succinate, cellulose, blends, and others. The blends segment accounted the largest share of the South & Central America bioplastics and biopolymers market in 2023.
Based o n end-use industry, the South & Central America bioplastics and biopolymers market is divided into packaging, consumer goods, automotive, textile, building and construction, medical, agriculture, and others. The packaging segment held the largest share of the South & Central America bioplastics and biopolymers market in 2023.
Based on country, the South & Central America bioplastics and biopolymers market is segmented int o Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America bioplastics and biopolymers market in 2023.
Arkema SA, BASF SE, Braskem SA, Cardia Bioplastics Australia Pty Ltd, Corbion NV, Eastman Chemical Co, Mitsubishi Chemical Holdings Corp, Mitsui Chemicals Inc, Novamont SpA, and Saudi Basic Industries Corp are some of the leading companies operating in the South & Central America bioplastics and biopolymers market.
Reasons to Buy
Increasing Focus on Innovations and Technological Advancement Fuel South & Central America Bioplastics and Biopolymers Market
The key players operating in the market are investing heavily in the research and development of bioplastics to gain more consumer traction and increase their market share. They focus on developing new, biodegradable polymer blends and creating greater bioplastic strength and flexibility. The innovations in biopolymers focus on biopolymer composition and structure. The biodegradable block-copolymer made by Lotte Chemical, used in orthopedic medical devices, and the biodegradable graft polymers developed by BASF for use in washing and cleaning products are examples of such innovations. Further, Teijin Limited offers formable gasoline-resistant film made of PLANEXT bioplastic to replace chrome plating. This new film is developed with PLANEXT SN4600, an enhanced grade of Teijin's PLANEXT bioplastic (which is produced from a bio-origin chemical compound called isosorbide). In addition to original PLANEXT properties, such as chemical resistance, transparency, and surface hardness, polymer reforming gives PLANEXT SN4600 significant new properties - gasoline resistance, formability, and UV resistance. Thus, the growing focus on innovation and technological advancement related to bioplastics is the key trend predicted to propel the South & Central America bioplastics and biopolymers market during the forecast period.South & Central America Bioplastics and Biopolymers Market Overview
The South & Central America bioplastics and biopolymers market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. The growth in the automotive and packaging industries is anticipated to drive market growth in the region. As per IHS Automotive, the regional automobile market is predicted to grow significantly by 2025 and will be one of the top markets worldwide for light vehicle sales. Technological advancements, increasing greenhouse gas emissions, a greater focus on environmental sustainability, and vehicle end-life management fuel the demand for bioplastics and biopolymers in the automotive industry. Bio-based polypropylene is a competent material for sturdier plastic parts such as bumpers, dashboards, and battery cover.South & Central America Bioplastics and Biopolymers Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Bioplastics and Biopolymers Market Segmentation
The South & Central America bioplastics and biopolymers market is segmented into product type , end-use industry, and country.Based on product type, the South & Central America bioplastics and biopolymers market is segmented into polyethylene, polyethylene terephthalate, polylactic acid, polytrimethylene terephthalate, polybutylene adipate terephthalate, polybutylene succinate, cellulose, blends, and others. The blends segment accounted the largest share of the South & Central America bioplastics and biopolymers market in 2023.
Based o n end-use industry, the South & Central America bioplastics and biopolymers market is divided into packaging, consumer goods, automotive, textile, building and construction, medical, agriculture, and others. The packaging segment held the largest share of the South & Central America bioplastics and biopolymers market in 2023.
Based on country, the South & Central America bioplastics and biopolymers market is segmented int o Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America bioplastics and biopolymers market in 2023.
Arkema SA, BASF SE, Braskem SA, Cardia Bioplastics Australia Pty Ltd, Corbion NV, Eastman Chemical Co, Mitsubishi Chemical Holdings Corp, Mitsui Chemicals Inc, Novamont SpA, and Saudi Basic Industries Corp are some of the leading companies operating in the South & Central America bioplastics and biopolymers market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America bioplastics and biopolymers market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in South & Central America bioplastics and biopolymers market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. South & Central America Bioplastics and Biopolymers Market Landscape
5. South & Central America Bioplastics and Biopolymers Market - Key Market Dynamics
6. Bioplastics and Biopolymers Market - South & Central America Market Analysis
7. South & Central America Bioplastics and Biopolymers Market Analysis - Product Type
8. South & Central America Bioplastics and Biopolymers Market Analysis - End-Use Industry
9. South & Central America Bioplastics and Biopolymers Market - Country Analysis
10. Competitive Landscape
11. Industry Landscape
12. Company Profiles
List of Tables
List of Figures
Companies Mentioned
- Arkema SA
- BASF SE
- Braskem SA
- Cardia Bioplastics Australia Pty Ltd
- Corbion NV
- Eastman Chemical Co
- Mitsubishi Chemical Holdings Corp
- Mitsui Chemicals Inc
- Novamont SpA
- Saudi Basic Industries Corp
