Bioplastics in the United States

Key Highlights

• Bioplastics are a type of plastic material that is derived from renewable sources such as plants, agricultural by-products, and microorganisms. These materials are used as alternatives to traditional plastics, which are made from fossil fuels. Bioplastics are manufactured using biological materials and processes, making them more sustainable and environmentally friendly.
• The US bioplastics market recorded total revenues of $1.35 billion in 2023, representing a compound annual growth rate (CAGR) of 9.5% between 2018 and 2023.
• Market consumption volume increased with a CAGR of 11.2% between 2018 and 2023, reaching 313.1 thousand tonnes in 2023.
• The US market accounted for 13.1% of the global bioplastic market and 63.2% of the North American market in 2023.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bioplastics market in the United States
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bioplastics market in the United States
• Leading company profiles reveal details of key bioplastics market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the United States bioplastics market with five year forecasts

Reasons to Buy

• What was the size of the United States bioplastics market by value in 2023?
• What will be the size of the United States bioplastics market in 2028?
• What factors are affecting the strength of competition in the United States bioplastics market?
• How has the market performed over the last five years?
• Who are the top competitors in the United States's bioplastics market?