Mexico Bioplastics Market Summary, Competitive Analysis and Forecast to 2027
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Bioplastics in Mexico industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
– Bioplastics are a type of plastic material derived from renewable sources such as plants, agricultural by-products, and microorganisms. Unlike traditional plastics, which are made from fossil fuels, bioplastics are made using biological materials and processes.
– The Mexican bioplastics market had total revenues of $0.3 billion in 2022, representing a compound annual growth rate (CAGR) of 8.0% between 2017 and 2022.
– Market consumption volume increased with a CAGR of 9.3% between 2017 and 2022, to reach a total of 70.8 thousand tonnes in 2022.
– The consumption of bioplastics increased by 14.0% in 2022 owing to factors like is consumer acceptance of plant-based products, legislative support for the creation of biodegradable packaging materials, and an abundance of renewable raw material sources.
Scope
– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bioplastics market in Mexico
– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bioplastics market in Mexico
– Leading company profiles reveal details of key bioplastics market players’ global operations and financial performance
– Add weight to presentations and pitches by understanding the future growth prospects of the Mexico bioplastics market with five year forecasts
Reasons to Buy
– What was the size of the Mexico bioplastics market by value in 2022?
– What will be the size of the Mexico bioplastics market in 2027?
– What factors are affecting the strength of competition in the Mexico bioplastics market?
– How has the market performed over the last five years?
– What are the main segments that make up Mexico's bioplastics market?
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