Global Biodegradable Plastics Market – Industry Trends and Forecast to 2026 | with Top Key Players NatureWorks LLC, BASF SE, Total Corbion PLA, Mitsubishi Chemical Corporation, Biome Bioplastics, Plantic, BIO-ON, Danimer Scientific, Novamont S.p.A
The Global Biodegradable Plastics Market research report is an excellent approach to understand the market insights. It incorporates the estimation of market measure in terms of value and volume. Various methodologies have been utilized to evaluate and approve the market size and along with that to gauge the measure of different other submarkets in the Global Biodegradable Plastics Market. Key players in the market have been recognized through auxiliary research. And their shares have been resolved through primary and secondary researches have been performed to determine the shares of the key players in the Global Biodegradable Plastics Market. The Global Biodegradable Plastics Market research report assembles information about individuals or organizations emerging inside the Global Biodegradable Plastics Market. This eventually helps the clients to comprehend the needs of majority of buyers.
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.
The Global Biodegradable Plastics Market report can be useful in various ways like describing all the moves of the competitive landscape and how is it affecting in terms of sales, import, export, revenue and CAGR values.
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Top Key Players: Global Biodegradable Plastics Market
NatureWorks LLC, BASF SE, Total Corbion PLA, Mitsubishi Chemical Corporation, Biome Bioplastics, Plantic, BIO-ON, Danimer Scientific, Novamont S.p.A., TORAY INDUSTRIES INC., Perstorp Orgnr, K.D. FEDDERSEN, TianAn Biologic Materials Co. Ltd., Synbra Technology bv, FKuR Kunststoff GmbH, Newlight Technologies Inc., API S.p.A, Indochine Bio Plastiques (ICBP) Sdn. Bhd., Evonik Industries AG, CLONDALKIN GROUP, and Cargill Incorporated.
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.
Market Drivers: Global Biodegradable Plastics Market
• 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
Market Segmentations: Global Biodegradable Plastics Market
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
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Market Restraints: Global Biodegradable Plastics Market
• 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
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved
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.
Table of Content:
1: Global Biodegradable Plastics Market Overview
2: Global Biodegradable Plastics Market Economic Impact
3: Competition by Manufacturer
4: Production, Revenue (Value) by Region (2019-2026)
5: Supply (Production), Consumption, Export, Import by Regions (2019-2026)
6: Production, Revenue (Value), Price Trend by Type
7: Global Biodegradable Plastics Market Analysis by Application
8: Global Biodegradable Plastics Market by Manufacturing Cost Analysis
9: Industrial Chain, Sourcing Strategy and Downstream Buyers
10: Global Biodegradable Plastics Market Marketing Strategy Analysis, Distributors/Traders
11: Global Biodegradable Plastics Market Effect Factors Analysis
12: Global Biodegradable Plastics Market Forecast (2019-2026)
13: Appendix
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Global Biodegradable Plastics Market report Synopsis
To analyze the market size of the market and infer the key trends from it.
Industry Chain Suppliers of Global Biodegradable Plastics Market with Contact Information
The key findings and recommendations highlight crucial progressive industry trends in the Global Biodegradable Plastics Market, thereby allowing players to develop effective long term strategies
To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Global Biodegradable Plastics Market
Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
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