Global Biodegradable Plastics Market to Exceed Valuation of USD 22.28 billion at an 14.20% CAGR by 2029
Global biodegradable plastics market was valued at USD 7.70 billion in 2021 and is expected to reach USD 22.28 billion by 2029, registering a CAGR of 14.20% during the forecast period of 2022-2029.
Key Pointers Covered in Global
Biodegradable Plastics Market Industry Trends and Forecast to 2029
·
Market
Size
·
Market
New Sales Volumes
·
Market
Replacement Sales Volumes
·
Market
Installed Base
·
Market
By Brands
·
Market
Procedure Volumes
·
Market
Product Price Analysis
·
Market
Regulatory Framework and Changes
·
Market
Shares in Different Regions
·
Recent
Developments for Market Competitors
·
Market
Upcoming Applications
·
Market
Innovators Study
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Global
Biodegradable Plastics Market Scope and Market Size
The biodegradable plastics market is segmented on the basis
of product type and application. The growth amongst these segments will help
you analyze meagre growth segments in the industries and provide the users with
a valuable market overview and market insights to help them make strategic
decisions for identifying core market applications.
Product Type
·
Polylactic Acid (PLA)
·
Starch Blends
·
Biodegradable Polyesters
·
Polyhydroxyalkanoates (PHA)
·
Others
Application
·
Packaging and Bags
·
Consumer Goods
·
Agriculture and Horticulture
·
Textile
·
Others
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Some
of the key questions answered in this report:
·
How has the Global Biodegradable Plastics Market
performed so far and how will it perform in the coming years?
·
What has been the impact of COVID-19 on the Global
Biodegradable Plastics Market?
·
What are the key regional markets?
·
What is the breakup of the market based on the
procedure?
·
What is the breakup of the market based on the
injury location?
·
What is the breakup of the market based on the
end user?
·
What are the various stages in the value chain
of the industry?
·
What are the key driving factors and challenges
in the industry?
·
What is the structure of the Global
Biodegradable Plastics Market and who are the key players?
·
What is the degree of competition in the industry?
Market Analysis and Insights: Global
Biodegradable Plastics Market
·
Biodegradable
plastics are made from petroleum and renewable raw
materials like corn, wheat,
bamboo, and sugarcane. Microorganisms such as fungi and bacteria degrade them
into water, biomass, and carbon dioxide (CO2). As a result, they are
used in a variety of ways, ranging from flexible packing materials for various
food products to extruded, injection-molded in traditional machines.
·
The worldwide
Global Biodegradable Plastics Market report first introduces the market basics
like definitions, classifications, applications and industry chain overview,
and then industry policies and plans, product specifications, manufacturing
processes, cost structures and so on. This market report directs business in
right direction by giving insights about products, market, customers,
competitors and marketing strategy at right time. A lot of hard work has been
put together and no stone is left unturned while generating this market
research report. The significant Global Biodegradable Plastics Market document
covers an array of aspects of the market analysis which today’s businesses call
for.
·
Over the last few
years, governments have increasingly focused on green procurement policies,
which is also acting as a key determinant favoring the growth of the
biodegradable plastics market. For instance, the German government
announced in 2020 that from July 2021, single-use plastic products such as
cutlery, straws, food containers, and other similar products will be prohibited
from being sold in the country. Moreover, the various advantages of
biodegradable plastic over non-degradable and non-decomposable plastic as
non-degradable plastic creates major waste management problems such as water
and land air pollution, largely contributing to the expansion of biodegradable
plastics market.
·
It has become the
necessity of this rapidly changing market place to take up such Global
Biodegradable Plastics Market report that makes aware about the market
environment. It highlights public demands, competencies and the constant growth
of the working industry, vibrant reporting, or high data protection services
while analysing market information about Chemical and Materials industry.
According to the report, the global market is anticipated to witness a
relatively higher growth rate during the forecast period. A first-rate Global
Biodegradable Plastics Market research report surely provides productive ideas
with which product can be made more effective and striking in the competitive
market.
·
The packaging and
bags accounted for the largest share in the biodegradable plastics market over
the forecast year owing to the stringent government regulations implemented
across the packaging sector. In addition to the market insights such as market
value, growth rate, market segments, geographical coverage, market players, and
market scenario, the market report curated by the Data Bridge Market Research
team also includes in-depth expert analysis, import/export analysis, pricing
analysis, production consumption analysis, and climate chain scenario.
·
The worldwide
demand for biodegradable plastics is being fueled by the excessive use of disposable
single-use plastics and their negative impact on the environment and human
health. Plastics are one of the most pressing environmental concerns, as they
are made from petroleum take decades to degrade and end up in landfills.
Biodegradable plastics degrade quickly and are absorbed into the environment.
Furthermore, when compared to traditional plastics, biodegradable plastics
decompose faster. According to data published by the European Environment
Agency in January 2021, nearly 40% of respondents said they planned to adopt
more sustainable behavior in the future. As a result, rising environmental
concerns are expected to drive the biodegradable plastics market.
Global Biodegradable Plastics Market Country
Level Analysis
The countries covered in the biodegradable
plastics market report are U.S., Canada and Mexico in North America, Germany,
France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey,
Rest of Europe in Europe, China, Japan, India, South Korea, Singapore,
Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific
(APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South
Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and
Africa (MEA), Brazil, Argentina and Rest of South America as part of South
America.
Global Biodegradable Plastics Market Share
Analysis
The biodegradable plastics
market competitive landscape provides details by competitor. Details included
are company overview, company financials, revenue generated, market potential,
investment in research and development, new market initiatives, global
presence, production sites and facilities, production capacities, company
strengths and weaknesses, product launch, product width and breadth,
application dominance. The above data points provided are only related to the
companies' focus related to biodegradable plastics market.
Key player Global Biodegradable Plastics
Market
·
BASF SE
(Germany)
·
NatureWorks
LLC (U.S.)
·
TT
Global Chemical Public Company Limited (Thailand)
·
Total
Energies (Netherlands)
·
Novamont
S.p.a. (Italy)
·
Fkur
(Germany), Dupont (U.S.)
·
Biome
Bioplastics (U.K.)
·
Mitsubishi
Chemical Holding Corporation (Japan)
·
Toray
Industries Inc., (Japan)
·
Dow
(U.S.)
·
Plantic
(Australia)
·
TianAn
Biologic Materials Co., Ltd. (China)
·
Danimer
Scientific (U.S.)
·
Evonik
Industries AG (Germany)
·
Eastman
Chemical Company (U.S.)
·
DAIKIN
(Japan)
·
SOLVAY
(Belgium)
MAJOR TOC OF THE REPORT
·
Chapter
One: Introduction
·
Chapter
Two: Market Segmentation
·
Chapter
Three: Market Overview
·
Chapter
Four: Executive Summary
·
Chapter
Five: Premium Insights
·
Chapter
Six: Global Biodegradable Plastics Market Share by Product & Procedure type
Get TOC Details:
https://www.databridgemarketresearch.com/toc/?dbmr=global-biodegradable-plastics-market
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