Global Biodegradable Plastic Market by Product Types, End-users, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The global biodegradable plastic market is expected to expand at a substantial CAGR during the forecast period, 2020–2026.Biodegradable plastic is a plastic that decomposes naturally in the environment. This is mainly done by the microorganism present in the environment that breaks down the structure of biodegradable plastic. It is manufactured by micro-organism, renewable raw material, petrochemicals, and the combination of these three. Biodegradable plastic is eco-friendly and has no toxicity. It costs relatively higher over conventional plastics as it is produced using renewable raw material. This type of plastic is mainly produced using natural plant material which mainly includes corn oil, orange peels, starch, and plants. Therefore, biodegradable plastic is environmentally free as it manufactured using renewable material.
Request for sample@https://dataintelo.com/request-sample/?reportId=6498
There is a global shift from synthetic to bio-based chemicals to achieve bio economy and reduce increased environmental impact of conventional plastic. Therefore, government across the various geographies are regulating policies against consumption of single use plastic products to eliminate synthetic plastic products. Hence, the demand for bioplastic including biodegradable one is growing at rapid pace and is a prominent growth driver among other factors.
Some of the other important factors contributing toward the biodegradable plastic market growth include increase in use of biodegradable plastic in packaging application, environmentally free nature, and increased consumer awareness. There has been significant rise in the preference of packaged food due to rise in the population and changes in the lifestyle. This ultimately is creating problems for increased shelf life of product. Demand for biodegradable plastics is relatively high due to its eco-friendly nature and similarity in the properties of conventional plastic. On the other hand, high cost issues associated with biodegradable plastic restrain the growth of market and similar factors can challenge the overall market growth over the years to come.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising income of people in emerging economies, and high growth in the agriculture & horticulture, packaging & bags, and textile industries are considered to drive the global biodegradable plastic market during the forecast period.
- Increasing use of biodegradable plastics in packaging and agriculture is anticipated to supplement the biodegradable plastic market growth during the forecast period.
- Biodegradable plastics release greenhouse gases during decomposition, which is counterproductive to the environmental cause, and this is considered as restraint and it will hamper the growth of the global biodegradable plastic market during the forecast period.
- Introduction and adoption of advanced technology is an opportunity to boost the growth of the global biodegradable plastic market during the forecast period.
- Increasing competitiveness of mulch films over films made from traditional plastics is one of the recent biodegradable plastic market trends observed in recent years.
Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=6498
Competitive Landscape:
The world leading players in the global biodegradable plastic market include BASF SE, NatureWorks LLC, Mitsubishi Chemical Corporation, Carbion, and Biome Technologies plc. Key market players are investing in research and development to introduce novel biodegradable plastic products, which are strong and readily degradable in the natural environment.
The global biodegradable plastic market has been segmented on the basis of
Product Types
- Starch-based
- Polylactic Acid(PLA)
- Polybutylene Adipate Terephthalate (PBAT)
- Polybutylene Succinate (PBS)
- Polyhydroxyalkanoate (PHA)
- Others
End-users
- Packaging
- Consumer Goods
- Agriculture
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=6498
Why Choose Us:
- We offer industry-leading critical reports with accurate insights into the future of the market.
- Our reports have been evaluated by some industry experts in the market, thus making them beneficial for the company’s to maximize their return on investments.
- We provide a comprehensive pictorial representation of the information, strategic recommendations, outcomes of the analytical tools to offer an elaborate landscape, highlighting the key market players. This detailed assessment of the market will help the company increase efficiency.
- The demand and supply dynamics offered in the report give a 360 degree view of the market.
- Our report helps readers decipher the current and future constraints in the Biodegradable Plastic Market, and help them formulate optimum business strategies to maximize growth in the market.
Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Biodegradable Plastic Market Overview
- Global Biodegradable Plastic Market Analysis and Forecast by Type
- Global Biodegradable Plastic Market Analysis and Forecast by Application
- Global Biodegradable Plastic Market Analysis and Forecast by Sales Channel
- Global Biodegradable Plastic Market Analysis and Forecast by Region
- North Biodegradable Plastic Market Analysis and Forecast
- Latin Biodegradable Plastic Market Analysis and Forecast
- Europe Biodegradable Plastic Market Analysis and Forecast
- Asia Pacific Biodegradable Plastic Market Analysis and Forecast
- Middle East & Africa Biodegradable Plastic Market Analysis and Forecast
- Competition Landscape
About DataIntelo:
DATAINTELO has set its benchmark in the market research industry by providing syndicated and customized research report to the clients. The database of the company is updated on a daily basis to prompt the clients with the latest trends and in-depth analysis of the industry. Our pool of database contains various industry verticals that include: IT & Telecom, Food Beverage, Automotive, Healthcare, Chemicals and Energy, Consumer foods, Food and beverages, and many more. Each and every report goes through the proper research methodology, validated from the professionals and analysts to ensure the eminent quality reports.
Contact Info:
Name: Alex Mathews
Address: 500 East E Street, Ontario,CA 91764, US.
Phone No: US: +1 909 545 6473 | IND: +91–7000061386
Email: sales@dataintelo.com
Website: https://dataintelo.com