What is the projected growth of the bioplasticizer market?
The bioplasticizer market is expected to grow at a robust 7.2% CAGR from 2023 to 2030, driven by rising demand for sustainable materials in various industries.
What are the key applications of bioplasticizers?
Bioplasticizers are used in a wide range of applications, including packaging materials, wires & cables, flooring, medical devices, and textiles, offering improved flexibility and durability.
Who are the major players in the bioplasticizer market?
Key players in the bioplasticizer market include Evonik, Lanxess AG, Solvay S.A., Cargill, and Matrìca S.p.A. These companies are actively developing and launching new bio-based plasticizer solutions.
What are the different types of bioplasticizers?
Cellulose acetate, protein-based plastics, thermoplastic starch, polyhydroxyalkanoates, and poly(lactic acid) plastics are some of the most common types of bioplasticizers.