Biodegradable Plastics Market Outlook,y Overview ,Supply Chain Analysis

Posted by meera on September 9th, 2021

Reports and Data’s latest market research report, called “Global Biodegradable Plastics Market Forecast to 2027,” offers a holistic view of the global Biodegradable Plastics market to the reader, covering the most basic details about the estimated market size, value, share, and volume over the forecast period (2019-2027).

The global Biodegradable Plastics Market is forecast to reach USD 9.85 Billion by 2027, according to a new report by Reports and Data. The production of biodegradable plastics is generally using renewable raw materials. The Biodegradable Plastics market is being fueled by constant regulations imposed on single-use plastics, due to the environmental concerns such as the occupation of space in landfills forever. These wastes are consisting of mostly toxic materials. The burning of these materials breeds toxicity in the environment; such factors promote biodegradable plastic use and result in high demand.

The increasing awareness among the masses has resulted in the adoption of eco-friendly technology, rising awareness of ill-effects of conventional plastics bringing about a revolutionary demand from the end-user. The packaging sector has seen the most significant switch to biodegradable plastic. The packaging sector needs to comply with stringent governmental regulations, which has resulted in substantial changes in the manufacturing and raw material of the packaging industry.

The industry is facing specific challenges; there is no clear distinction between bio-degradable plastic, hence with the inclusion of non-biodegradable plastic in biodegradable landfills beats the purpose of biodegradability. The high cost of biodegradable plastics is one of the factors that may restrain the Biodegradable Plastics market growth. Considering the economic slowdown, the depleting disposable income may pose a threat to the growth of the Biodegradable Plastics market. Biodegradable plastics decompose over time, but they require specific conditions for decomposition, which may not be available in every landfill; this raises questions about biodegradable plastics\' efficiency.

Market Overview:

Increasing consumer inclination towards sustainability and thus considering products based on criteria such as circularity and carbon footprint is expected to change materials and chemical market trends during in the coming years.  The growing consumer concern about carbon emissions has prompted industry players to make investment in renewable energy, de-carbonization of transportation, and energy efficiency. These trends are expected to have a significant impact end markets for chemicals, notably in construction and automotive.

Increasing focus of the materials and chemical companies on adoption of de-carbonization technologies, re-examination of their assets, and diversification away from hydrocarbons to some extent will favor global Biodegradable Plastics market growth during the forecast period.

Major Regions covered in the report:

• North America (U.S.A., Canada, Mexico)
• Europe (U.K., Italy, Germany, France, Rest of Europe)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Segmentation:

Types:

• PLA
• Starch Blends
• Biodegradable Polyesters
• PHA
• Others

End-Use:

• Packaging
• Agriculture
• Consumer Goods
• Others

Leading Companies Profiled in the Report:

• NatureWorks,
• BASF SE,
• Total Corbion PLA,
• Mitsubishi Chemical Corporation,
• Biome Bioplastics,
• Bio-On, Novamont S.P.A,
• Plantic Technologies,
• Danimer Scientific,
• and Toray Industries,
• among others.

Reasons to Buy this Report:

• The latest Biodegradable Plastics market research report offers qualitative and quantitative analyses of the market.
• The report further segments the global Biodegradable Plastics market on the basis of product type, application spectrum, end-use landscape, geography, and competitive scenario to enable the reader to understand the overall market structure.
• The report exhaustively covers the regional landscape of the global market and evaluates the revenue growth rate of each regional market.
• It further offers an in-depth understanding of the competitive scenario of the Biodegradable Plastics market. In this section, the report lists the major players of the market and highlights their key business expansion strategies.

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