Biodegradable Plastics Market to Reach a Value of USD 391.19 million
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 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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Benefits of
Considering this Report
·
This
report is compiled using a vigorous and thorough research methodology. Data
Bridge Market Research is also known for its data accuracy and granular market
reports.
·
A
complete picture of the competitive scenario of Biodegradable Plastics Market
is depicted by this report.
·
The
report consists of a vast amount of data about the recent product and
technological developments in the markets.
·
The
insights in the report are easy to understand and include a graphical
representation of the numbers in the form of histograms, bar graphs, pie
charts, etc.
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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Full Access of Report
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Some
of the key questions answered in this report:
·
How has the Biodegradable Plastics Market
performed so far and how will it perform in the coming years?
·
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 Biodegradable
Plastics Market and who are the key players?
·
What is the degree of competition in the
industry?
Market Analysis and
Insights: 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
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.
·
Furthermore, the
mulching films and plant pots are made from biodegradable plastics in the
agriculture and horticulture industries. This, combined with the growing use of
agricultural products in the burgeoning food and beverage (F&B) sector and
growing use in food packaging and compostable bags applications and the rapidly
increasing glass industry are the key factors driving market expansion. The
increased use of biodegradable plastics in packaging and agriculture is also
expected to contribute to the segment's growth.
·
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.
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.
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 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: 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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