Global Biodegradable Plastics Market Research Report 2021 by Revenue forecast, company share, competitive landscape, growth factors and trends.
The Global Biodegradable Plastics Market, valued at USD 4709.19 Million and x thousand tonnes by volume in the year 2019 has been witnessing unprecedented growth. Growth opportunities in biodegradable plastics market is promising backed by concepts like corporate social responsibility and decreased dependence on synthetic resources. Rising consumer awareness about global warming and government legislation such as ban on plastic bags will increase the demand for biodegradable plastics across the globe. The major driving factor for biodegradable plastics market is growing inclination towards reduction in carbon emissions during the manufacturing process of biodegradable plastics. However, with the coronavirus outbreak, end user companies are forced to give up the use of biodegradable plastics in an effort to maintain revenue and profit margins. In addition, the drop in petroleum prices has made traditional plastics cheaper, putting additional obstacles in the path of the biodegradable plastics market.
The Biodegradable Plastics Market research report discusses the key drivers influencing global growth, opportunities, current challenges and the risks faced by key players and the market as a whole. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analysed in detail.
Competitive Landscape and Global Market Share Analysis
Biodegradable Plastics competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.
The major players covered in Biodegradable Plastics are: Carbios, NatureWorks, BASF, Total Corbion PLA, Mitsubishi Chemical Holdings, Biome Bioplastics, Kuraray, Danimer Scientific, Novamont and Teijin.
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Biodegradable Plastics market is split by Type and by Application. For the period 2015-2025, the growth among segments provides accurate calculations and forecasts for sales by Type and by Application in terms of volume and value.
Among the Product segment in the Biodegradable Plastics market (Starch Blends, PLA, PHA, PBS and Others), Starch Blends segment leads the market. Starch blended biodegradable plastics are used in edible films and food packaging which reduce the loss of food and keep fresh. In the agricultural sector, the starch blends are majorly used in mulch film, greenhouse covering and controlled release materials for fertilizers. As a result of starch blends renewability, lower cost, higher abundance and biodegradability, they are used for the development of sustainable materials.
Based on Application (Packaging, Consumer Goods, Agriculture, Textile and Others), Packaging segment gains a considerable share. Changing lifestyle of consumer along with increase in packaged food products demand in developed regions are boosting the demand for biodegradable plastics in packaging industries. The new applications of biodegradable plastics in the packaging industry are diaper and adult incontinence products, and landfill covers.
Key Target Audience
- Biodegradable Plastics Manufacturers
- Biodegradable Vendors and End-Users
- Consulting and Advisory Firms
- Government and Policy Makers
- Investment Banks and Equity Firms
- Regulatory Authorities
Regions and Countries Level Analysis
Regional analysis is another highly comprehensive part of the research and analysis study of the global Biodegradable Plastics market presented in the report.
The report offers in-depth assessment of the growth and other aspects of the Biodegradable Plastics market in important countries (regions), including: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, etc.), Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa) and ROW.
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This, combined with the increase in research and development of the Biodegradable Plastics, is estimated to propel the growth of the Biodegradable Plastics market during the forecast period. However, there are several environmental and governmental regulations on the use or discharge of Biodegradable Plastics, primarily to reduce casualties and minimize its adverse effects on the environment.
Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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