Bioplastic Textile Market Report

Market Insights

The global bioplastic textile market is expected to grow from USD 1.07 billion in 2022 to USD 1.45 billion by 2028, at a CAGR of 5.11% during the forecast period. The market has gained traction in recent years as customers shift their preferences toward plant-based or biodegradable products. Additionally, favorable government policies and the availability of environmental-friendly raw materials in the industry will aid in the growth of the bioplastic textiles market over the forecast period. Furthermore, the massive poisoning of aquatic life caused by synthetic fibers is a compelling argument to replace petroleum-based polyesters in textiles with a greener alternative.

Segments' Analysis

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Bioplastic Textile Market Share: By Source Type

Based on the source type, the market is segmented as sugarcane, beet, corn starch, cassava, and others. Corn starch dominates the market and is estimated to maintain its supremacy during the forecast period as well. The growth of the segment is owing to the product being ideal for the production of polylactic acid (PLA) as it is derived from wheat corn and is completely biodegradable. Furthermore, corn starch is employed in textile applications as addition to PLA manufacture. It is, for example, commonly used as an adhesive to enhance resistance during weaving and in printing to improve consistency, among other things.

Bioplastic Textile Market Share: By Material Type

Based on the material type, the market is segmented as polylactic acid [PLA], polyhydroxyalkanoates [PHA], polyhydroxybutyrate [PHB], bio-polyester [Bio-PES], bio-polyamide [Bio-PA], and others. The polylactic acid [PLA] segment has been gaining traction in the textile industry since some years and it is estimated to clock colossal gains during the forecast period. Exhibiting its properties similar to polystyrene and polyethylene, PLA is also considered as their potential substitute, thus driving the growth of the market.

Bioplastic Textile Market Share: By Region

In terms of regions, Asia-Pacific is expected to experience maximum growth for bioplastic textiles during the forecast period, which is encouraged by government initiatives to promote bio-based products, growing consumer cognizance for bioplastics, followed by increasing bans on traditional plastics. Furthermore, growing apparel industry in the region, supported by increasing online shopping portals mainly in the emerging economies such as China and India, are likely to be the key influencer for the growth of the market in the near term.

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Market Scope & Segmentation

Bioplastic textiles are derived from renewable biomass and contain polymers that meet the specific standards of biodegradability and compostability. Plant resources are usually used to make bioplastic textile. Enzymes are used to break down starch into glucose, which is then fermented to produce lactic acid. Lactic acid is polymerized and used to make bioplastics.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The bioplastic textile market is segmented into the following categories.

Bioplastic Textiles Market Size, Share, & Forecast, by Source Type:

• Sugarcane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Beet (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Corn Starch (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cassava (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bioplastic Textiles Market Size, Share, & Forecast, by Material Type:

• Polylactic Acid [PLA] (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyhydroxyalkanoates [PHA] (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyhydroxybutyrate [PHB] (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Bio-polyester [Bio-PES] (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Bio-polyamide [Bio-PA] (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bioplastic Textiles Market Size, Share, & Forecast, by End-User Type:

• Home Textiles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Clothing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Footwear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bioplastic Textiles Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the bioplastic textile market are-

• Ercros SA
• Gucci
• Lacoste
• NatureWorks LLC
• Offset Warehouse
• Patagonia Inc
• Puma
• Teijin Limited
• Unitika Ltd.
• ZS Fabric.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the material types by end-user type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.