Biodegradable Plastics Market Research Report | Business Opportunities, Future Trend and Analysis of Leading Players and Forecast 2028
Biodegradable Plastics Market, By Product
Type (Polylactic Acid (PLA), Starch Blends, Biodegradable Polyesters,
Polyhydroxyalkanoates (PHA), Others), Application (Packaging and Bags, Consumer
Goods, Agriculture and Horticulture, Textile, Others), Country (U.S., Canada,
Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K.,
Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe,
Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand,
Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South
Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to
2028 Furthermore, the rapidly emerging end-use industries of biodegradable
plastics along with the growth of a new range of low cost and highly resistant,
biodegradable plastic products will further offer a variety of growth
opportunities for the biodegradable plastics market in the above mentioned
forecast period. This biodegradable plastics market report provides details of
new recent developments, trade regulations, import export analysis, production
analysis, value chain optimization, market share, impact of domestic and
localized market players, analyses opportunities in terms of emerging revenue
pockets, changes in market regulations, strategic market growth analysis,
market size, category market growths, application niches and dominance, product
approvals, product launches, geographical expansions, technological innovations
in the market. To gain more info on biodegradable plastics market contact Data
Bridge Market Research for an Analyst Brief, our team will help you
take an informed market decision to achieve market growth.
The major factor accountable for the growth of the market
is the strict rules and regulations by various regulatory authorities and
governments on the usage of conventional plastic non-degradable plastic. Beside
this, the ongoing research and development activities to create more
proficient, biodegradable packaging and high adoption of eco-friendly
alternatives among consumer are also flourishing the growth of the
biodegradable plastics market. Also, the various advantages of biodegradable
plastic over non-degradable and non-decomposable plastic as non-degradable
plastic creates major waste management problems and are causing water, land air
pollution, which is positively influencing the growth of the biodegradable
plastics market. However, the high cost of biodegradable plastics when compared
to other conventional plastics may act as key restraint towards biodegradable
plastics market growth rate in the forecast period of 2021 to 2028, whereas the
performance issues related to biodegradable plastic have the potential to
challenge the growth of the biodegradable plastics market.
Global Biodegradable Plastics Market
size is valued at USD 12.29 billion by 2028 and is expected to grow at a
compound annual growth rate of 15.00% for the forecast period of 2021 to 2028.
Data Bridge Market Research report on biodegradable plastics market
provides analysis and insights regarding the various factors expected to be
prevalent throughout the forecasted period while providing their impacts on the
market’s growth. Biodegradable plastics are also known as the eco-friendly
decomposable by the living organisms such as bacteria and
microorganisms. These plastics are mainly formed with two methods either from
renewable raw materials or petrochemicals inclusive of biodegradable additives
resulting in a better biodegradation process. The increasing environmental
awareness and growing popularity of eco-friendly packaging material has
highly influenced the growth of the biodegradable plastics market. In line with
this, the increasing focus of governments on green procurement policies is also
acting as a key determinant favoring the growth of the biodegradable plastics
market over the forecast period of 2021 to 2028. Also the, growing use in food
packaging and compostable bags applications and rapidly increasing glass
industry across the world are also positively impacting the growth of the
biodegradable plastics market.
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Biodegradable
Plastics Market Scope and Market Size:
On the basis of product type, the biodegradable plastics
market is segmented into polylactic acid (PLA), starch blends, biodegradable
polyesters, polyhydroxyalkanoates (PHA) and others. Biodegradable polyesters
have further been segmented into polybutylene succinate (PBS), polybutylene adipate
terephthalate (PBAT) and polycaprolactone (PCL).The application segment for
biodegradable plastics market is segmented into packaging and
bags, consumer goods, agriculture and horticulture, textile and
others.
Market
Competitors:
The major players covered in the biodegradable plastics
market report are Mitsubishi Chemical Corporation, Biome Bioplastics, Plantic,
BIO-ON, Danimer Scientific, Novamont S.p.A., TORAY INDUSTRIES, INC.,
NatureWorks LLC, BASF SE, Total Corbion PLA, Perstorp, K.D. FEDDERSEN,
UrthPact, LLC, Indochine Bio Plastiques (ICBP) Sdn. Bhd., TianAn Biologic
Materials Co. Ltd., FKuR Kunststoff GmbH, Biotec Pvt. Ltd., Minima, BioGreen,
Evonik Industries AG, CLONDALKIN GROUP and Cargill Incorporated among other
domestic and global players. Market share data is available for global, North
America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South
America separately. DBMR analysts understand competitive strengths and provide
competitive analysis for each competitor separately.
Key Pointers Covered in
the Biodegradable
Plastics Market:
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market by Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
MAJOR TOC OF THE
REPORT:
Chapter One: Biodegradable Plastics Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Biodegradable Plastics Market
Competition, by Players
Chapter Four: Biodegradable Plastics Market Size by
Regions
Chapter Five: Biodegradable Plastics Market Revenue by
Countries
Chapter Six: Biodegradable Plastics Market Revenue by
Type
Chapter Seven: Biodegradable Plastics Market Revenue
by Application
Chapter Eight: Biodegradable Plastics Market Revenue by
Industries
Chapter Nine: Biodegradable Plastics Market Revenue by
Deployment Model
Chapter Ten: Biodegradable Plastics Market Revenue by End
User
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The key questions
answered in this report:
What will be the Market Size and Growth Rate in the
forecast year?
What is the Key Factors driving Laser Capture
Biodegradable Plastics Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Biodegradable
Plastics Market?
What are the Trending Factors influencing the market
shares?
What is the Key Outcomes of Porter’s five forces model
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