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Mexico Bioplastics Market Summary, Competitive Analysis and Forecast to 2027
Summary

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 HighlightsBioplastics 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.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the bioplastics market in MexicoUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the bioplastics market in MexicoLeading company profiles reveal details of key bioplastics market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the Mexico bioplastics market with five year forecastsReasons to BuyWhat 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?