To gain more consumer traction and increase market share, key players are investing heavily in the research and development of bioplastics. A rise in the popularity of bioplastics has motivated manufacturers to escalate production volumes and invest significantly in research and development. Their investments revolve around developing new, biodegradable polymer blends, and creating greater bioplastic strength and flexibility. Innovations in biopolymers focus on biopolymer composition and structure. For example, Lotte Chemical produces biodegradable block-copolymer for application in orthopedic devices, and BASF manufactures biodegradable graft polymers for use in washing and cleaning products. Further, Teijin Limited offers formable gasoline-resistant film products of PLANEXT bioplastic to replace chrome plating. The company's innovative film is developed using special metal-evaporation technology from a processing-manufacturer partner. This new film is produced with PLANEXT SN4600, an enhanced grade of Teijin's PLANEXT bioplastic, which is produced from bio-origin isosorbide. In addition to original PLANEXT properties—such as chemical resistance, transparency, and surface hardness—polymer reformation imparts significant new properties to PLANEXT SN4600, including gasoline resistance, formability, and UV resistance. Thus, the growing focus on innovations and technology advancements is the key trend predicted to propel the bioplastics market during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA bioplastics market at a notable CAGR during the forecast period.
MEA 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 larger market share in 2020. Based on application, the MEA 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 MEA bioplastics market is segmented into South Africa, Saudi Arabia, UAE, and rest of MEA. Furthermore, Basf SE; Biome Bioplastics; Braskem S.A.; Sabic; Teijin Limited; Toray Industries, Inc.; and Total Corbion PLA are among the leading companies in the MEA bioplastics market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 229.35 Million |
| Market Size by 2028 | US$ 484.60 Million |
| CAGR (2021 - 2028) | 11.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Bioplastics Market is valued at US$ 229.35 Million in 2021, it is projected to reach US$ 484.60 Million by 2028.
As per our report Middle East and Africa Bioplastics Market, the market size is valued at US$ 229.35 Million in 2021, projecting it to reach US$ 484.60 Million by 2028. This translates to a CAGR of approximately 11.3% during the forecast period.
The Middle East and Africa Bioplastics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Bioplastics Market report:
The Middle East and Africa Bioplastics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Bioplastics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Bioplastics Market value chain can benefit from the information contained in a comprehensive market report.
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