Biodegradable Plastic Market Forecast To Grow USD 10.0 Bn By 2030Posted by rahul nikade on August 10th, 2022 Biodegradable Plastic Industry Overview The global biodegradable plastic market size is projected to reach USD 10.0 billion by 2030, according to a report by Grand View Research, Inc., rising at a CAGR of 9.7% during the forecast period. The increasing use of biodegradable plastics, owing to strict governmental laws prohibiting the use of conventional plastics, coupled with growing awareness among the public towards the ill effects of plastic waste is stoking the growth of the market. The above factors are expected to spur market growth during the forecast period. Biodegradable Plastic Market Segmentation Grand View Research has segmented the global biodegradable plastic market based on product, application, and region: Based on the Product Insights, the market is segmented into Starch Based, PLA, PBS, PBAT, PHA, Polycaprolactone.
Based on the Application Insights, the market is segmented into Packaging, Agriculture, Consumer Goods, Others.
Biodegradable Plastic Regional Outlook
Key Companies Profile & Market Share Insights Competition in the market varies from low to medium from region to region. Competition in Europe and North America is medium owing to a large number of players. On the flip side, competitive rivalry in the Asia Pacific is low due to fewer market players. Some prominent players in the global biodegradable plastic market include
Order a free sample PDF of the Biodegradable Plastic Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |