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 Report Scope and Research Methodology
The qualitative and quantitative data collected by primary research resources, free and paid databases, surveys, Google forms, etc. is further analysed by tools such as SWOT and PESTLE analysis to understand the Biodegradable Plastics market.
Biodegradable Plastics Market Overview
The report insights about top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors which helps to analyse the Biodegradable Plastics Market.
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Biodegradable Plastics Market Regional Insights
A regional analysis typically includes a precise examination of market trends, competitive landscape, consumer behaviour, and regulatory environment in each region.
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.
The greatest revenue of Mn. in 2022 came from the packaging industry, which is predicted to expand at a CAGR of xx% over 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.
Global Biodegradable Plastics Market Analysis and Forecast, By Type
1. Introduction and Definition
2. Key Findings
3. Global Biodegradable Plastics Market Value Share Analysis, By Type
4. Global Biodegradable Plastics Market Size (US$ Bn) Forecast, By Type
5. Global Biodegradable Plastics Market Analysis, By Type
6. Global Biodegradable Plastics Market Attractiveness Analysis, By Type
Global Biodegradable Plastics Market Analysis and Forecast, By Application
1. Introduction and Definition
2. Key Findings
3. Global Biodegradable Plastics Market Value Share Analysis, By Application
4. Global Biodegradable Plastics Market Size (US$ Bn) Forecast, By Application
5. Global Biodegradable Plastics Market Analysis, By Application
6. Global Biodegradable Plastics Market Attractiveness Analysis, By Application
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Biodegradable Plastics Market Key Players
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.
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Key questions answered in Biodegradable Plastics Market are:
- What is the Biodegradable Plastics market size of the dominating region?
- What was the Biodegradable Plastics market size in 2022?
- What is the expected Biodegradable Plastics market size by 2029?
- What is the growth rate of the Biodegradable Plastics Market?
- Which are the factors expected to drive the Biodegradable Plastics market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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