Biodegradable Plastics Market

SKU: DM1576 | Last Updated On: Oct 12 2022 | Available Formats

>Biodegradable Plastics Market Expected to reach at a high CAGR of 13.3% by 2029:

Biodegradable Plastics Market is segmented By Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), By End-User (Packaging & Bags, Consumer Goods, Agriculture & Horticulture), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

Biodegradable Plastics Market is expected to reach at a CAGR of 13.3% during the forecast period 2022-2029.

Biodegradable plastic is newly entered the market competitive place, and it is projected to discover new innovative growth opportunities over the next decade. Government initiatives to reduce single-use plastic and stringent regulatory overview compared to the use of conventional plastic products are driving the demand for the global biodegradable plastic market.

Biodegradable Plastics Market

Metrics

Details

CAGR

13.3%

Segments Covered

By Type, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Regions Analyzed

North America, Latin America, Europe, Middle East, Africa, Asia Pacific, and the Rest of the world.

Major Companies Covered

BASF, NatureWorks, Mitsubishi Chemical, Total Corbion PLA, Plantic Technologies, Biome Bioplastics, Bio-On, Danimer Scientific, Toray Industries, Novamont S.p. A, and other major companies are listed in the final report.

Biodegradable Plastics Market Growth Dynamics

Biodegradable contain plastics are projected to be a vital element driving the focused market during the forecast period. The increase in consciousness about biodegradable products and stringent rules linked to the usage of traditional plastics is supposed to boost the global market. The prominent aspects of the growth of the market are the significant initiatives taken by many governments to use eco-friendly plastics over conventional plastics. Factors significant driving the global market growth due to the demand for the usage of plastic packing in the food and beverages sectors. The rising high cost and expensive of biodegradable plastics are hampering the growth of the Biodegradable Plastics Market over the period.

The research report includes the major countries such as the USA, Canada, Mexico, Germany, UK, Spain, Italy, France, UAE, KSA, South Africa, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Taiwan, and other top countries in the worldwide.

The North American region includes the countries such as the USA, and Canada. The North American region is projected to touch a high CAGR rate in the global market during the forecast period. The USA has major participation in the North American biodegradable plastic market. The Europe region is recorded the highest share of the global Biodegradable Plastics Market, holding the share of 29% global revenue over the period.

Latin America, the Middle East, and Africa are projected to show the fastest growth due to the high presence of sugarcane feedstock which will be used for plastic production. The rise in demand for bioplastic products among European customers encourages the growth of bio-based plastics products.

Biodegradable Plastics Market Segmentation:

According to the research study, the global market is segmented into By Type, By End User.

Based on Type, the market is segmented into PLA, Starch Blends, Biodegradable Polyesters, and PHA. Based on End-User is divided into Packaging & Bags, Consumer Goods, Agriculture & and Horticulture.

Biodegradable Plastics Market Geographically Classification:

  • North America
  • Asia Pacific
  • Latin America
  • Europe
  • Middle East and Africa
  • Rest of the world

Major Companies Leading the Global market:

BASF, NatureWorks, Mitsubishi Chemical, Total Corbion PLA, Plantic Technologies, Biome Bioplastics, Bio-On, Danimer Scientific, Toray Industries, Novamont S.p. A, and other major companies listed in the final report.

Who can benefit from this report?

  • Raw Material Suppliers/ Buyers

  • Product Suppliers/ Buyers

  • Industry Investors/Investment Bankers

  • Education & Research Institutes

  • Research Professionals

  • Emerging Companies

  • Manufacturers

Frequently Asked Questions

What is the Projected CAGR value of the Biodegradable Plastics Market?

Biodegradable Plastics Market is expected to grow at a CAGR of 13.3% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Biodegradable Plastics Market during 2022-2029

Which is the fastest growing region in the Biodegradable Plastics Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period 

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