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Biodegradable Plastics Market By Type (Starch Based, PLA, PHA, PBAT, and PBS), By Product (Packaging, Consumer goods, and Agriculture) and By End-User (Food & beverage and Home & personal care): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026

Covid-19

Global Biodegradable Plastics Market Size, Share

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Industry Insights

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Biodegradable Plastics industry. The report analyzes and declares the historical and current trends analysis of the Biodegradable Plastics industry and subsequently recommends the projected trends anticipated to be observed in the Biodegradable Plastics market during the upcoming years.

The Biodegradable Plastics market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Biodegradable Plastics market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Biodegradable Plastics industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Biodegradable Plastics industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Biodegradable Plastics market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Biodegradable Plastics industry. The Biodegradable Plastics market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Biodegradable Plastics sector. Key strategic developments in the Biodegradable Plastics market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Biodegradable Plastics market are appropriately highlighted in the report.

The use of biodegradable plastics is motivated by growing environmental problems caused by the use of plastics consisting of toxic pollutants that are harmful to crops, animals, and humans. Floating plastic waste that can withstand water for thousands of years can contribute to the growth of the market. The demands of this sector are driven by strict regulations on plastic waste management and biodegradable plastics by a number of federal and government agencies. In order to meet the requirements of this sector, which in turn drives production, the Green Packaging Regulations stipulate that the packaging industry and the various FMCG companies must adopt biodegradable packaging.

The Biodegradable Plastics market research report delivers an acutevaluationand taxonomy of the Biodegradable Plastics industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Biodegradable Plastics industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Biodegradable Plastics industry is provided for the leading economies of the world.

The biodegradable plastics market can be segmented on the basis of type, end-use, and geography. On the basis of type, the biodegradable plastics market can be classified into starch-based, PLA, PHA, PBAT, PBS. Based on end-use, the biodegradable plastics market can be bifurcated into packaging, consumer goods, agriculture.

Some of the essential players operating in the Biodegradable Plastics market, but not restricted to include NatureWorks, BASF, Total Corbion PLA, Mitsubishi Chemical, Biome Bioplastics, Plantic Technologies, Bio-On, Danimer Scientific, NovamontS.p.A, Toray Industries.

logoThe taxonomy of the Biodegradable Plastics industry by its scope and segmentation is as follows:

logo By Type Segmentation Analysis. (Customizable)

  • Starch-Based
  • PLA
  • PHA
  • PBAT
  • PBS

logoGlobal Biodegradable PlasticsMarket: By Application Segmentation Analysis.(Customizable)

  • Packaging
  • Consumer goods
  • Agriculture

logoGlobal Biodegradable PlasticsMarket: By End User Segmentation Analysis. (Customizable)

  • Food & beverage
  • Home & personal care

logo Regional Segmentation Analysis(Customizable)

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Covid-19

Biodegradable Plastics Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

logoKey Insights from Primary Research

  • As per our primary respondents, the biodegradable Plastics market is set to grow annually at a rate of around 13%.
  • It was established through primary research that the Biodegradable Plastics market was valued at around USD 3.4billion in 2019.
  • After secondary research, we performed face to face interviews to validate our data. The insights interviewee’s declared that PLA is the most used type for the global Biodegradable Plastics market.
  • On the basis of the type, PLAdominated the global Biodegradable Plastics market in 2019. It accounted for around 49% share of the total market in 2019.
  • The food & beverage segment, on the basis of end-user segmentation, was the leading revenue-generating category accounting for around 65% share, in 2019.

logoKey Recommendations from Analysts

  • Based on the exhaustive secondary research done by our team, the PLA type is anticipated to become the most demanding type in the upcoming years, owing to the growing demand for Biodegradable Plastics from the food & beverage and personal care industry for various end-use applications.
  • As per our analysts, APAC recorded the highest market share of more than 40% by 2026, and the market is expected to bolster in this region, resulting in creating lucrative opportunities for new players.
  • Growing at a CAGR around 13%, the Biodegradable Plastics market provides numerous opportunities for all of the involved stakeholders across the entire value chain.
  • Our analysts have identified PLA and food & beverages as the leading investment pockets for the Biodegradable Plastics market in terms of type and end-user segmentation respectively.
  • Our analysts recommend the emerging players to focus on PLAowing to the substantial growth of the personal care and food & beverage industry, especially in APAC and Middle-eastern regions and increased adaptation of PLA.

logoMarket Attractiveness – By Product

logoBiodegradable Plastics Market

Covid-19

Biodegradable Plastics Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  •  Nature Works
  •  BASF
  •  Total Corbion PLA
  •  Mitsubishi Chemical
  •  Biome Bioplastics
  •  Plantic Technologies
  •  Bio-On
  •  Danimer Scientific
  •  NovamontS.p.A
  •  Toray Industries.

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Biodegradable Plastics Market.
According to Facts and Factors research report, the global Biodegradable Plastics Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Biodegradable Plastics Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Biodegradable Plastics Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Biodegradable Plastics Market in North America over coming decade.
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