Report : North America Bioplastics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Biodegradable and Non-Biodegradable) and Application (Packaging, Agriculture, Consumer Goods, Automotive & Transportation, Textiles, Building & Construction, and Others) Â Â Â Â Â Â
Biodegradable Segment to Dominate North America Bioplastics Market during 2020–2028
According to a new market research study on “North America Bioplastics Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 3,289.26 million by 2028 from 1,362.60 US$ million in 2021. The market is estimated to grow at a CAGR of 13.4% from 2021 to 2028. The report provides trends prevailing in the North America bioplastics market along with the drivers and restraints pertaining to the market growth. Multiple application scope of bioplastics is the major factor driving the growth of the North America bioplastics market. However, issues associated with higher prices and shorter lifetime of bioplastics than traditional plastics hinders the growth of North America bioplastics market.
North America bioplastics market is segmented into type, application, and country. Based on type, the market is segmented into biodegradable and non-biodegradable. The biodegradable segment held the largest market share in 2020. Based on application, the North America bioplastics market has been divided into packaging, agriculture, consumer goods, automotive & transportation, textiles, building & construction, and others. The packaging segment held the largest market share in 2020. Based on country, the North America bioplastics market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.
Furthermore, Basf SE; Biome Bioplastics; Braskem S.A.; Mitsubishi Chemical Corporation; Natureworks LLC; Sabic; Teijin Limited; Toray Industries, Inc.; and Total Corbion PLA are among the leading companies in the North America bioplastics market. For instance, in 2021,
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