Global Bioplastic Textile Market - 2022-2029
The global bioplastic textile market reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.
Bioplastics textile is the counterpart of synthetic plastics textiles such as nylon and polyester. Synthetic plastics textiles are produced from petroleum, whereas bioplastics find their source in natural origins such as hemp, coir, grasses, wood, sugarcane, soybean, milk and others. The most popular bioplastic is called polylactic acid (PLA) and is often utilized in food packaging.
Today's fast fashion consumption has severe environmental consequences. But with the growth of eco-friendly biofabrics such as bioplastic, established fashion brands and young labels are revolutionizing the textile industry.
Stringent Europe Union (EU) restrictions and policies towards single-use plastics will drive the global bioplastic textile market. However, the high manufacturing cost of bioplastic is expected to restain the market.
Stringent Europe Union (EU) restrictions and policies towards single-use plastics
A single-use plastic product is constructed of plastic and is meant to be used once for the same purpose. To minimize the shockingly high amounts of plastic pollution seen throughout the world, particularly in marine habitats, the 27 EU member states and Norway agreed in 2019 to ban the production and sale of "single-use plastics" in the EU starting from July 2021.
The countries were given two years to execute the new rules described in the 2019 directive and it became European law in July 2021. The regulation prohibits the sale and use of single-use plastic products, including cutlery, drink stirrers, balloon sticks, cups and expanded polystyrene food and beverages containers.
The mandate has provided an opportunity for the bioplastics business, which sees it as a move in the right direction. Bio-based and compostable biodegradable plastics provide numerous environmental advantages over regular, non-biodegradable plastics. As a result, there is continued interest from the client base.
Moreover, the demand for bioplastics, such as PLA, has risen, prompting the announcement of new capacity. For instance, according to Carbios' deputy CEO, the bioplastic sector has a bright future ahead of it and demand will continue to rise. Carbios is a France-based bio-based and biodegradable plastics manufacturer. Furthermore, advantageous policymaking is already underway in Australia and New Zealand.
The high manufacturing cost of bioplastic is expected to restain the bioplastic textile market
Even though bioplastic textiles are gaining popularity worldwide for various applications, factors such as the high cost associated with the production process have hindered the global market growth. Lowering production costs remains a major problem for manufacturers in the industry because the raw materials and enzymes utilized are considerably high.
For instance, polylactic acid (PLA), one of the most extensively used bioplastics, can be 20-50% more expensive than equivalent materials. It is because of the intricate process necessary to transform corn or sugarcane into the building blocks. However, as academics and businesses create more efficient and environmentally acceptable techniques for creating bioplastics, prices are falling.
Plastic products, such as personal protective equipment (PPE), have shielded humans against COVID-19. On the other hand, inadequate plastic waste management has resulted in an alarming buildup of plastic in soil and aquatic habitats. In 2020, for example, it was anticipated that 1,560 million face masks would have ended up in the oceans.
As a result, highlighting sustainable plastic management for a circular economy has become essential and critical. Many civil society organizations and significant media players made a strong, almost unwavering drive against plastics in general in 2019 and politicians mostly shifted to this viewpoint.
Aside from bio-based or biodegradable alternatives to single-use plastics, the bioplastics sector contributes significantly to other aspects of the COVID-19 pandemic fight. For instance, one of the most important applications for bioplastics during a pandemic are medical masks and protective gears.
Based on material, the global bioplastic textile market is segmented into polylactic acid (PLA), polyhydroxybutyrate (PHB), polyhydroxyalkanoates (PHA), biopolyester, bio-polyamide (Bio-PA) and others.
Polylactic acid (PLA) is a thermoplastic polyester synthesized from renewable resources such as maize starch, tapioca roots, starch or sugarcane. Polylactic acid is the most common bio-based polymer by volume. Further, PLA takes six months to two years to absorb the human body. When PLA breaks down, it forms lactic acid, which is non-toxic to humans. PLA production globally is estimated to be over 240 thousand tons per year. NatureWorks (ingeo) is a joint venture between Cargill and PTT that produces around 135 kt/yr.
PLA demand has risen in response to the rising demand for bioplastic, particularly in masks and protective gear during the pandemic. For instance, Total Corbion PLA is donating resins to the fight against the Coronavirus. PLA resin will be transformed into PLA filaments, among other things. The filaments will be utilized to create medical masks and protective gear using 3D printing technology. In addition, 5 tons of donated PLA were utilized to create over 125,000 masks.
Based on geography, the global bioplastic textile market is segmented into North America, Europe, South America, Asia-Pacific and Middle East & Africa.
In North America, governments and regulatory bodies make stringent regulations over plastic and waste. For instance, according to EARTHDAY.ORG, in 2014, California became the first state to establish legislation forcing a statewide ban on single-use plastic bags at large retail stores. Further, in March 2020, New York became the third state in the U.S. to ban plastic bags, which applies to most single-use plastic bags provided by retailers.
Moreover, there's been a stir over a bold decision regarding environments in the region. Consumers actively support and utilize environmentally friendly goods, whether for packaging or apparel. Therefore, the growing demand for bio-based textiles has led companies to innovate products to cater to the demand in the region.
For instance, in March 2021, Modern Meadow, a U.S.-based company, launched the first bio leather materials brand Zoa, artificial leather. It is a new class of fabricated materials assembled with biological building blocks to yield new structural and functional properties. ZOA has an 80% lower carbon footprint than leather and 25% lower than man-made leathers.
Global Bioplastic Textile Market Competitive Landscape
The global bioplastic textile market is consolidated and developed with local and global brands. Major players in the market include Bucha Bio Inc., Teijin, Lacoste, Gucci, Unitika, Nature Works LLC, Ercros SA, Patagonia, Offset Warehouse and ZS Fabrics. The major players in the market are known to incorporate numerous market strategies to achieve growth in global bioplastic textile market; these include mergers, acquisitions, product launches, contributions and collaborations.
Bucha Bio Inc.
Overview: Bucha Bio Inc. is a U.S.-based company specializing in making novel biomaterials produced by fermenting infinitely renewable bacterial-nanocellulose. The company is headquartered in Newyork, U.S.
Product Portfolio: Bucha Bio Inc. creates high-performance fabrics and composites with increased performance and a luxuriously smooth hand feel by interlocking strands of natural fibers.
The global bioplastic textile market report would provide approximately 69 tables, 68 figures and almost 202 pages
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