Global biodegradable plastics market is expected to rise from its initial estimated value of USD 3.15 billion in 2018 to an estimated value of USD 9.30 billion by 2026, registering a CAGR of 14.5% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising amount of plastic wastes and concern for the environment and global warming.
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Global Biodegradable Plastics Market, By Types (PLA, Starch Blends, Biodegradable Polyesters, PHA, Others), Application (Packaging & Bags, Consumer Goods, Agriculture & Horticulture, Textile, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Complete report on Global Biodegradable Plastics Market Research Report 2019-2026 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Biodegradable Plastics Market
Biodegradable plastics are known as the eco-friendly decomposable by the living organisms (bacteria & microorganisms). These plastics are basically formed with two methods either from renewable raw materials or petrochemicals inclusive of biodegradable additives resulting in an improved biodegradation process.
Biodegradable and compostable plastics are different and not similar as some portion of the population is confused about, biodegradable plastics are those which can be broken down by the living organisms while compostable are those which can be resulted in an end product of compost or humus.
Key Questions Answered in Global Biodegradable Plastics Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Biodegradable Plastics Market in 2026?
- What are the key factors driving, Analysis by Applications and Countries Global Biodegradable Plastics Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Biodegradable Plastics Market?
- Who are Opportunities, Risk and Driving Force of Global Biodegradable Plastics Market?
- Who are the opportunities and threats faced by the vendors in Global Biodegradable Plastics Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Biodegradable Plastics Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- Total Corbion PLA
- Mitsubishi Chemical Corporation
- Biome Bioplastics Limited
- Plantic Technologies Ltd.
- Danimer Scientific
- Toray Industries, Inc.
- Perstorp Group
- D. Feddersen
- Synbra Technology
- FKuR Plastics Corporation
- Newlight Technologies
- API s.p.a.
- Indochine Bio Plastiques (ICBP) Sdn Bhd
- Rising awareness programs and adoption of eco-friendly plastics due to the increasing amount of plastic wastes and concern for the global warming is expected to drive the market growth
- Increased demand from a number of applicable industries for the product is also expected to drive the market growth
- Higher product and production costs is expected to restrain the market growth
- Absence of any distinct differences between the waste of biodegradable plastics and conventional plastics causes a number of complications in decomposition and recycling, this factor is expected to restrain the market growth
Customize report of “Global Biodegradable Plastics Market” as per customers requirement also available.
Global Biodegradable Plastics Market is segmented on the basis of
Market Segmentations in Details:
- Polylactic Acid (PLA)
- Starch Blends
- Biodegradable Polyesters
- Polybutylene Succinate (PBS)
- Polybutylene Adipate Terephthalate (PBAT)
- Polycaprolactone (PCL)
- Polyhydroxyalkanoates (PHA)
- Cellulose Derivatives
- Regenerated Cellulose
- Packaging & Bags
- Consumer Goods
- Agriculture & Horticulture
- Building & Construction
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of South America
Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Competitive Analysis: Global Biodegradable Plastics Market
Global biodegradable plastics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biodegradable plastics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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