Global Biodegradable Plastics Market Research Report 2021-2026Posted by James Grey on October 20th, 2021 Bharat Book Bureau Provides the Trending Market Research Report on “Biodegradable Plastics Market by Type, End Use Industry, and Region - Global Forecast to 2026” under Chemical & Materials Market Research Reports Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports. The Global Biodegradable Plastics Market size is projected to grow from USD 7.7 billion in 2021 to USD 23.3 billion by 2026, at a CAGR of 24.9% between 2021 and 2026. Rising population and rapid urbanization in emerging economies and increase in demand from end-use industries are expected to offer significant growth opportunities to manufacturers of biodegradable plastics. “Packaging accounted for the largest share in the biodegradable plastics market in terms of value.”
“PLA is the fastest-growing biodegradable plastic.” PLA is the most commonly used type of biodegradable plastic. It is made from renewable resources; it is compostable as well as biodegradable. It is derived from corn starch (in the US and Canada), tapioca roots, chips, or starch (mostly in Asia), or sugarcane (in RoW). PLA is a versatile material that features excellent barrier properties, non-toxic nature, and is available in high-performance PLA grades that are ideal replacements for PS (polystyrene), PP (polypropylene), and ABS in more demanding applications. “Europe is estimated to be the largest market for biodegradable plastics in 2021” Europe is estimated to be the largest market for biodegradable plastics in 2021, in terms of value. Germany, Italy, France, Spain, and the UK are the major countries in the European biodegradable plastics market. Germany was the largest biodegradable plastics market in Europe in 2020. The demand for biodegradable plastics in the country is consistently increasing due to the rising environmental concerns and the implementation of stringent regulations on the use of petroleum-based plastics. In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the biodegradable plastics market, and information was gathered from secondary research to determine and verify the market size of several segments. The key players in this market are BASF (Germany), NatureWorks (US), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Plantic Technologies (Australia), Danimer Scientific (US), and Fkur Kunstsoff (Germany). Research Coverage: Key Benefits of Buying the Report Browse our full report with Table of Content : About Bharat Book Bureau: Contact us at: Like it? Share it!More by this author |