Horticulture Bioplastic Market Methodology:
The Horticulture Bioplastic Market was estimated at USD 10.55 billion in 2023 and is anticipated to reach USD 62.70 billion by 2032, growing at a CAGR of 21.90% globally.
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Horticulture Bioplastic Market Dynamics:
Horticulture bioplastics are becoming popular as eco-friendly substitutes for conventional petroleum-based plastics in agriculture. Made from natural substances like starch, cellulose, and lignin, these bioplastics have biodegradable and compostable qualities, lessening harm to the environment. Uses of horticulture involve items like plant containers, covering films, and safeguarding wrapping. Despite challenges like cost-competitiveness and material properties, progress in biopolymer production and processing technologies is fueling expansion. Horticultural bioplastics help uphold circular economy principles by reducing plastic waste and encouraging sustainable practices in the industry.
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Horticulture Bioplastic Market Segmentation:
By Type
· Bio based
· Petrochemical based
By Raw Material
· Polyesters
· Bio- Polyethylene
· Polylactic Acid
· Bio- Polyamide
· Bio- Polyethene Terephthalate
· Polyhydroxyalkanoates
· Starch Blends
· Others
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Horticulture Bioplastic Market Key Players:
· BASF S.A. (Germany)
· Braskem (Brazil)
· Cardia Bioplastics (Australia)
· Novomant SPA (Italy)
· Metabolix Inc. (US)
· Innovia Films (UK)
· Biome Technologies Plc (UK)
· FKuR Kunststoff GmbH (Germany)
· Green Dot Bioplastics (US)
· Good Natured Products Inc. (Canada)
· Natureworks LLC (US)
· Corbion Purac (Netherlands)
· Purac (Netherlands) and other major players.
Horticulture Bioplastic Market Regional Analysis:
The horticulture bioplastic sector is currently dominated by North America, with this dominance projected to continue in the coming years. The development of bioplastics is being propelled by government support and increasing consumer health awareness. The market's growth is being sped up by leading companies like Metabolix, Inc. (US), Green Dot Bioplastics (US), Good Natured Products Inc. (Canada), Natureworks LLC (US), and other key players. In order to expand their business, the top companies in the market have utilized strategies like investing in research and development, introducing innovations and advancements in the industry, launching new products, and engaging in acquisitions and mergers.
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Company Profiles and Competitive Analysis:
COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Horticulture Bioplastic Market Share By Manufacturer (2022)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ARIEL CORPORATION
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves and Recent Developments
- SWOT Analysis
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