Bioplastic Textile Market: Overview
The adoption of bio-based textiles, including bioplastic textile is pacing due to recyclability issues with traditional natural and synthetic fibres. Besides this, large textile companies are challenged to produce innovative and high value products to sustain price competition from textile products manufactured in low-wage countries.
In this scenario, development and marketing of biodegradable and sustainable polylactic acid based fabrics has served to play a role. Biodegradable plastics such as polylactic acid and polyhydroxyalkanoate are in huge demand from the textile sector due to the growing need to curb environmental pollution.
An upcoming research report by Transparency Market Research (TMR) presents a brilliant analysis of the bioplastic textile market for the forecast period between 2019 and 2027. It provides the most insightful regarding pertaining to growth opportunities and growth challenges in the bioplastic textile market.
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Bioplastic Textile Market: Notable Developments and Competitive Landscape
- Currently, bioplastic textiles are new line of textiles that are reeling trials before commercial production. Industry events in the scope are creating buzz for newer and sustainable textiles such as the ones made of bioplastics.
In a bid to address plastic waste and curb CO2 emissions, in a circular economy, European Forest Week between November 4 and 8, 2019 is a step forward. Jointly organized by the United Nations Food and Agriculture Organization and United Nations Economic Commission for Europe, the event will provide a forum for forest policy professionals for strategic use of biodegradable raw materials. Wood-based construction, bioplastics, and textile production are some of the most illustrative examples of emerging forest-based value chains to be discussed at the event for prompt transformation in a number of strategic economic areas.
Bioplastic Textile Market: Key Trends
Across goods of consumer use, adoption of biodegradable materials is gaining momentum in several parts of the world. This is mainly because of concerted efforts for environment conservation, which includes use of green and sustainable materials. Environmental catastrophe due to non-recycling of synthetic textiles has led to adoption of greener textile alternatives, mainly in developed countries. This involves use of bioplastic textiles for apparel, automotive, and medical fabrics.
Recycling of fabric made by combining natural and synthetic fiber involves extensive efforts. Traditional fiber such as cotton and polyester needs to be filtered though wastewater treatment plants for best recycling results. However, due to complex nature of these fibers that get intermingled, separation becomes difficult. This results in almost 40% microfibers entering into rivers and oceans, thereby contaminating marine life.
In this context, availability of ecofriendly bioplastic raw materials are attracting textile manufacturers for their uptake. Among all, polylactic acid (PLA), based on corn starch witness maximum demand for the production of bioplastic textiles. Ceaseless availability of raw material and as much as 65% less energy required for PLA based textiles are promising for the growth of bioplastic textile market in the long run.
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Bioplastic Textile Market: Regional Outlook
Europe currently ranks first among key regions in the bioplastic textile market. Rising initiatives by large textile companies in the region to develop innovative and sustainable materials is a key factor for high revenue contribution of Europe in the overall bioplastic textile market. Besides this, substantial efforts from both government and private bodies to strive for a greener economy are accentuating production of Biobased textiles in the region.
Meanwhile, Asia Pacific is expected to display leading growth rate in the bioplastic textile market in the forthcoming years. Rising initiatives of several governments in the region to promote biobased products, including biobased textile is boosting production of biobased textile in the region.
In emerging economies of the region, due to rising consumerism to serve varied pockets, apparel manufacturers are looking for cheaper and sustainable fabrics for alternatives. Biobased textile such as bioplastic ones are suitable for this.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.