United States (US) Bioplastics Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• Bioplastics are a type of plastic material derived from renewable sources such as plants, agricultural by-products, and microorganisms. Unlike traditional plastics, which are made from fossil fuels, bioplastics are made using biological materials and processes.
• The US bioplastics market had total revenue of $1.2 billion in 2022, representing a compound annual growth rate (CAGR) of 10.0% between 2017 and 2022.
• Market consumption volume increased with a CAGR of 11.4% between 2017 and 2022, to reach a total of 278.9 thousand tonnes in 2022.
• The US market accounted for 12.9% of the global bioplastic market and 62.9% of the North American market. The market kept expanding rapidly, largely due to the rising demand for applications of sustainable packaging in consumer goods.

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 by both value and volume

Reasons to Buy

• What was the size of the United States bioplastics market by value in 2022?
• What will be the size of the United States bioplastics market in 2027?
• 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' bioplastics market?