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 Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Biodegradable Plastics Market Overview:
The primary goal of this research is to assist the user in understanding the Biodegradable Plastics Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Biodegradable Plastics industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
For detail insights on this market, request for methodology here
@ https://www.maximizemarketresearch.com/request-sample/58264
Biodegradable Plastics Market Segmentation:
Based on type, the market is anticipated to develop at a 10.4% CAGR during the forecast period, with the starch-based segment dominating the market. Plastics made from starch are frequently employed in consumer goods sectors like transportation, agriculture, and packaging. Additionally, starch-based polymers are employed as an alternative to petroleum-based ones since they are extremely biodegradable and help reduce carbon emissions. The price of PLA is comparatively affordable to other types of plastic, which is a major driver in its rapid rise, particularly in the European region.
According to Application, the packaging sector had the highest revenue of xx Mn. in 2022 and is predicted to expand at a CAGR of xx% during the projection period. Increased demand and utilization of biodegradable plastic packaging in the textile, consumer goods, food & beverage, textile, and pharmaceutical industries is the main driver fueling the market’s expansion over the anticipated period. The usage of biodegradable plastics in agriculture was further aided by evolving lifestyles and increased farmer understanding of greenhouse farming for the production of vegetables and fruits.
Biodegradable Plastics Market Size and Forecast, by Type (2022-2029)
1. Starch Blends
2. Polybutylene Succinate PBS
3. Polylactide PLA
4. Polybutylene adipate/terephthalate PBAT
5. Polyhydroxyalkanoates PHA
6. Others (Cellulose Derivatives and Regenerated Cellulose)
Biodegradable Plastics Market Size and Forecast, by Application (2022-2029)
1. Packaging & Bags
2. Consumer Goods
3. Agriculture & Horticulture
4. Textile
5. Others (Automotive and Building & Construction)
Biodegradable Plastics Market Size and Forecast, by Region (2022-2029)
3. North America
3. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
For any Queries Linked with the Report, Ask an Analyst
@ https://www.maximizemarketresearch.com/request-sample/58264
Biodegradable Plastics Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Biodegradable Plastics market are
1. NatureWorks
2. BASF
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
24. Indochine Bio Plastiques (ICBP) Sdn. Bhd.d.
For any Queries Linked with the Report, Ask an Analyst
@ https://www.maximizemarketresearch.com/market-report/global-biodegradable-plastics-market/58264/
Regional Analysis:
The report focuses on Global Regions and Market Size of Biodegradable Plastics, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Biodegradable Plastics Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Biodegradable Plastics industry in 2021.
Key Questions Answered in the Biodegradable Plastics Market Report are:
- What is the function of Biodegradable Plastics?
- What is the predicted revenue generation of the Biodegradable Plastics market?
- At what growth rate is the Biodegradable Plastics market evolving?
- Who are the major market giants operating in the Biodegradable Plastics market?
About Us
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
Our Address
- MAXIMIZE MARKET RESEARCH PVT. LTD.
- ⮝ 3rd Floor, Navale IT park Phase 2,
- Pune Banglore Highway, Narhe
- Pune, Maharashtra 411041, India.
- ✆ +91 9607365656
- 🖂 [email protected]
Related Reports:
2,3-Butanediol Market https://www.maximizemarketresearch.com/market-report/global-23-butanediol-market/65350/
Egg Products Market https://www.maximizemarketresearch.com/market-report/egg-products-market/125030/
