The 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 wide ranging Global Biodegradable Plastics Market document performs geographical analysis for the major areas such as North America, China, Europe, Southeast Asia, Japan, and India, with respect to the production, price, revenue and market share for top manufacturers. This market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. A worldwide Global Biodegradable Plastics Market research report delivers comprehensive analysis of the market structure along with the estimations of the various segments and sub-segments of the market. Each of the topics covered in the first class Global Biodegradable Plastics Market business report is studied very well to get clear idea about all the factors that are influencing the market growth. SWOT analysis and Porter's Five Forces analysis are the two well-established tools that are preferred by the businesses due to their potential in generating market research report are also used while preparing this marketing report. Market drivers and market restraints estimated in the reliable Global Biodegradable Plastics Market survey report makes aware about how the product is getting utilized in the recent period and also gives estimations about the future usage.
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.
· 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.
· 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, geographic expansions, technological innovations in the 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)
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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
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