Global Bioplastic Textiles Market: Key Highlights
- The global bioplastic textiles market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~12% during the forecast period.
- The global bioplastic textiles market is driven by the increasing demand for sustainable products among consumers.
- Europe accounts for a major share of the global bioplastic textiles market, led by the high demand for bioplastic textiles from clothing and automotive manufacturers.
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Key Drivers of Global Bioplastic Textiles Market
- Bioplastic textiles are used in diverse applications, such as footwear, clothing, and other accessories. Producers of clothes and footwear have adopted bioplastic textiles, primarily due to climatic changes, volatile prices of petroleum, and high prices of natural gas, which is the key feedstock used in the production of synthetic plastics.
- Manufacturers not only incorporate bioplastic textiles into their products, but also promote their products as environmentally-safe. Thus, various initiatives by renowned brands are augmenting the demand for bioplastic textiles. Rain Poncho, produced by Spain-based Equilicua, is the perfect example of bioplastic protective coatings. This raincoat is produced from potato starch. Rain Poncho is non-toxic; it does not pollute the environment; and is 100% compostable and biodegradable. Moreover, the information printed on this raincoat informs the user about the benefits of bioplastic textiles and biodegradable materials.
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Polylactic Acid (PLA) to Witness Attractive Opportunities
- Polylactic acid (PLA) is a biodegradable plastic derived from agricultural sources such as sugarcane, potatoes, and tapioca roots. Due to its degradable nature, polylactic acid has several applications. It is completely degradable under compost conditions. Polylactic acid is used to obtain products with a long lifespan. PLA is available on an industrial scale, and its production does not require high initial investments and strict timelines, which are commonly associated with new polymers.
- Synthetic polymers depend on resources such as oil and gases for sourcing their monomers. These resources take millions of years to regenerate. On the other hand, bio-based fibers are obtained from natural renewable resources. PLA (polylactic acid) polymer is one of them. Polylactic acid is used in applications such as casual wear (men’s wear and women’s wear), protective clothing, and workwear clothing.
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Asia Pacific Dominates Global Bioplastic Textiles Market
- In terms of volume, Asia Pacific held a major share of the global bioplastic textiles market in 2018. This trend is anticipated to continue throughout the forecast period, led by the high demand for bioplastic textiles in the clothing industry in the region.
- The bioplastic textiles market in North America is mature. The U.S. is a leading consumer of bioplastic textiles in the region. North America constituted 18.6% share of the global market in 2018.
- Increase in the demand for PLA and PTT in the region is the key factor driving the market for bioplastic textiles in Europe. Global Bioplastic Textiles Market: Research ScopeBioplastic Textiles Market by Material
- Polytrimethylene Terephthalate (PTT)
- Polyamide (PA)
- Polyethylene Terephthalate (PET)
- Polylactic Acid (PLA) or Polylactide
- Others
Bioplastic Textiles Market by Source
- Sugarcane
- Beet
- Corn Starch
- Cassava
- Others (Including Wheat and Potatoes)
Bioplastic Textiles Market by Application
- Home Textiles
- Clothing
- Footwear
- Others
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