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.
A superb Global biodegradable plastics market research report involves six major parameters namely market analysis, market definition, market segmentation, key developments in the market, competitive analysis, and research methodology. The report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market. This market report helps uncover general market conditions and tendencies. Clients accomplish unparalleled insights and acquaintance of the best market opportunities into their respective markets from this market report. The credible Global biodegradable plastics market research document assist businesses with the intelligent decision making and better manage marketing of goods which ultimately leads to growth in the business. With the request of an analyst call or drop down an enquiry, get detailed Global biodegradable plastics market analysis report. Different markets, marketing strategies, trends, future products and emerging opportunities are taken into account while studying market and preparing this report. It is a thorough investigation of current scenario of the global market, which covers several market dynamics. This market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, and challenges, risks and entry barriers, sales channels, and distributors. An influential Global biodegradable plastics market business report best suits the requirements of the client.
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
Get the Free sample copy of the report here:
https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-biodegradable-plastics-market
Some of the key questions answered in this report:
· What has been the impact of COVID-114.20 on the Global Espresso Coffee Market?
· What are the key regional markets?
· What is the structure of the Global Espresso Coffee Market and who are the key players?
· What is the degree of competition in the industry?
· What are the key opportunities of the market?
· Who are the major players operating in the market?
· Which region of the market is expected to witness the highest growth during the forecast period?
· Which country’s data are covered in the report?
· What is the future market value?
· What is the growth rate of the market?
· What is the application segment?
· What are the major countries covered in the Market?
Market Analysis and Insights: Global Biodegradable Plastics Market
· 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.
· 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.
· 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.
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 Healthcare Outcomes
· Market Cost of Care Analysis
· Market Regulatory Framework and Changes
· Market Prices and Reimbursement Analysis
· Market Shares in Different Regions
· Recent Developments for Market Competitors
· Market Upcoming Applications
· Market Innovators Study
COVID-19 Impact on Biodegradable Plastics Market
· The coronavirus had an adverse impact on the biodegradable plastics market. The consumer goods, packaging, textiles, agriculture, and horticulture are all industries that use biodegradable plastics, which were all negatively affected by the pandemic. The global suspension of vehicle movement is expected to disrupt the logistics of various companies, affecting market growth over the forecast period. The total shutdown of downstream operations results in high inventory costs. Furthermore, future project delays and investment cuts will have a negative impact on growth. The rapid growth of single-use plastics in the mask and glove industry will have an impact on biodegradable plastics market growth.
· Delays in key approvals, such as the resolution of new plants due to a travel advisory, currency risks, and weak demand in emerging markets, may stymie growth. The supply chain disruptions led to the reduction in revenue targets of almost 75% of the businesses as per the Institute for Supply Management Research. Moreover, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic
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)
Get Full Access of Report@
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:
Top Trending Reports:
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
댓글