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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