Global Biodegradable Plastic Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global biodegradable plastic market in its upcoming report titled, “Global Biodegradable Plastic Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global biodegradable plastic market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global biodegradable plastic market report has been segmented on the basis of type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Biodegradable plastics are made from natural material such as starch, corn oil, orange peels, and plant and are environment friendly. Biodegradable plastics are less harmful to the environment as compared to tradition plastic, and they can be easily recycled.
The global market for biodegradable plastic is growing at a rapid rate with continuous R&D activities by major manufacturers to produce low cost biodegradable plastic. In addition, government regulations and initiatives towards use of biodegradable plastic owing to increasing environmental concerns related to use of traditional plastic is another factor expected to further drive growth of the global market to a significant extent over the forecast period.
High manufacturing cost is a major factor hampering growth of the global biodegradable plastic market. In addition, durability of biodegradable plastics is another factor restraining growth of the global market to a certain extent.
The market in Europe accounts for significant share in the global biodegradable plastic market in terms of revenue, owing to increasing demand for biodegradable plastic from food and beverage industries coupled with stringent government regulations towards use of traditional plastics. The Asia Pacific biodegradable plastic market is expected to witness highest growth in terms of revenue in the global market and is projected to register a CAGR of XX.X% over the next 10 years, owing to government initiatives to reduce use of traditional plastics due to their harmful effects on environment. The market in North America accounts for considerable share in the global market.
Global biodegradable plastic market segmentation:
Segmentation on the basis of type:
- Polylactic acid (PLA)
- Starch Blends
- Polycaprolactone (PCL)
- Regenerated Cellulose
- Polybutylene Succinate (PBS)
- Polyhydroxyalkanoate (PHA)
Segmentation on the basis of application:
- Injection Molding
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Novamont S.p.A.
- Yield10 Bioscience Inc.
- Solvay S.A.
- BioAmber Inc.
- NatureWorks LLC
- Total Corbion PLA
- Synvina C.V.
- Genomatica Inc.
- Novozymes A/S
- PTT MCC Biochem Co. Ltd.
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