Biodegradable Plastics Market was valued US$ 3.02 Bn. in 2022 and is estimated to grow at CAGR of 15.1%, to reach US$ 8.10 Bn. by 2029 during the forecast period.
Biodegradable Plastics Market Overview:
The Biodegradable Plastics Market research includes a comprehensive analysis of the key competitors as well as pricing analysis, strategies, micro and macro market trends and scenarios, short-term market conditions, and market conditions. It is easier to understand the market potential for graphene nanoplatelets in each nation thanks to the report's geographic insights.
Biodegradable Plastics Market Report Scope and Research Methodology:
An in-depth understanding of the industry trends, dynamics, geographical insights, competitive landscape, and list of major competitors is provided by the Biodegradable Plastics Market report. The important trends that are most likely to have an impact on the industry in the near future are examined in the research study on the sunglasses market. The competitive environment of the Indian fertiliser sector and its influencing elements are identified using this data.
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Biodegradable Plastics Market Regional Insights:
The report is divided geographically into a number of nations, including those in North America (the United States, Canada, and Mexico), Europe (the UK), Asia Pacific (China, India, Japan, Australia, South Korea, and ASEAN Countries), South America (Brazil), the Middle East, and Africa.lysis.
Biodegradable Plastics Market Segmentation:
Based on Type, The starch-based segment is expected to dominate the market with the growth of 10.4% CAGR during the forecast period. Starch-based plastics are widely used in end-consumer industries such as automobiles, agriculture and packaging. Moreover, starch-based are used as an alternative for petroleum-based polymers & is highly degradable hence, widely utilized in reducing the carbon footprint. The PLA plastics are also growing rapidly especially in the European region mainly due to the reasonable price of PLA in comparison to any other type is a prime factor driving the growth.
Based on Application, packaging industry generated the largest revenue of xx Mn. in 2022 and is estimated to grow at CAGR of xx% in forecast period. The leading factor driving the growth is boosting demand and usage of biodegradable Plastics packaging in textiles, consumer goods, food & beverage, textiles and pharmaceuticals industries extending the market growth over the forecasted period. Furthermore, changing lifestyle & growing awareness among farmers towards the greenhouse for vegetables and fruits production further supported the utilization of biodegradable plastics in agriculture.
by Type
Starch Blends
Polybutylene Succinate PBS
Polylactide PLA
Polybutylene adipate/terephthalate PBAT
Polyhydroxyalkanoates PHA
Others (Cellulose Derivatives and Regenerated Cellulose)
by Application
Packaging & Bags
Consumer Goods
Agriculture & Horticulture
Textile
Others (Automotive and Building & Constructio
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Biodegradable Plastics Market Key Players:
3. Total Corbion PLA
4. Mitsubishi Chemical
5. Biome Bioplastics
6. Plantic Technologies
7. Bio-On
8. Danimer Scientific
9. Novamont S.p.A
10. Toray Industries
11. DowDuPont Inc
12. Eastman Chemical Company
13. Mondi PLC
14. Amcor Limited
15. Kruger Inc.
16. Tetra Pak International SA
17. Plastic Suppliers Inc.
18. Stora Enso
19. WestRock
20. Archer Daniels Midland
21. Perstorp, K.D
22. FEDDERSEN
23. UrthPact, LLC
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Key questions answered in the Biodegradable Plastics Market are:
What is the expected Biodegradable Plastics Market size by the end of the forecast period?
What are the upcoming industry applications and trends for the Biodegradable Plastics Market ?
What are the factors contributing to the final price of Biodegradable Plastics Market ?
What are the recent industry trends that can be implemented to generate additional revenue streams for Biodegradable Plastics Market ?
How is the intervention from regulatory authority is shaping the Biodegradable Plastics Market ?
What growth strategies are the players considering to increase their presence in Biodegradable Plastics Market ?
Who are the leading companies and what are their portfolios in Biodegradable Plastics Market ?
Who held the largest market share in Biodegradable Plastics Market ?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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