Bioplastic Textiles Market to Advance at CAGR of 11.9% During 2022-2031: TMR Study

2022-08-12 19:42:35 By : Mr. Nick liu

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WILMINGTON, Del. , Aug. 11, 2022 /PRNewswire/ -- The demand of bioplastic textiles market products is anticipated to gain strong traction on back of need for adopting sustainable products in the apparel and textile industry worldwide. The global market study on bioplastic textiles market found that spiralling plastic waste problem and its devastating impact on environment has nudged industry players to grow their R&D spending on bioplastics. The bioplastic textiles market size is forecast to reach US$ 1.8 Bn by the 2031.

The use of bioplastics in textiles is likely to gather momentum in the next few years, pivoting on brands increasingly seeking to attract consumers with sustainable products. As a result, the use of synthetic fibers has dwindled considerably over the years, given the fact that they contribute significantly to microplastics pollutions. Bioplastic fabrics and yarns made from polytrimethylene terephthalate (PTT) are on the path of commercialization, thereby generating enormous revenue potential for firms in the bioplastic textiles market.

The apparel industry including the fashion textiles is witnessing incredible customer proposition in array of bioplastics. In recent years, the bioplastics industry has also made enormous advancement, and host of new bioplastics utilizing novel materials have come to benefit players in the bioplastic textiles market.

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Key Findings of Bioplastic Textiles Market Study

Bioplastic Textiles Market: Key Drivers

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 Bioplastic Textiles Market: Regional Growth Dynamic

Bioplastic Textiles Market: Key Players

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