DUBLIN--(BUSINESS WIRE)--The "Global Biodegradable Plastics Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global biodegradable plastics accounted for US$ 27.57 Bn in 2017, growing with a CAGR of 19.3% during the forecast period from 2018 to 2026.
Biodegradable plastics market is expected to show robust growth owing to the increasing consumer preference for eco-friendly products. Technological innovation, advanced manufacturing processes and increased integration has enabled the consumers to adopt biodegradable packaging.
Stringent regulations by various government and federal agencies with an objective to reduce plastic waste and promote biodegradable plastics usage in packaging is also boosting the demand of this market. Increasing application of biodegradable plastics in FMCG industry is also bolstering the market growth.
Trend shows that FMCG industry is moving towards portable and small packaging to reduce retail price and increase consumer base. Owing to strict government regulations related to green packaging, various FMCG companies are required to adopt biodegradable packaging to comply with the standards which in turn is propelling the growth of this market during the forecast period from 2018 to 2026.
Increasing vast applications of biodegradable plastics ranging from interior parts in automobile industry to beverages bottles in packaging sector to keyboards in consumer electronics industry is also expected to augment the market demand. In addition, unlike conventional plastics, biodegradable plastics aims to reduce carbondioxide emissions which is one of the primary factor driving the growth of this market.
Key Topics Covered
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Biodegradable Plastics Market, by Type
Chapter 5 Global Biodegradable Plastics Market, by Application
Chapter 6 Global Biodegradable Plastics Market, by Geography
Chapter 7 Company Profiles
- BASF S.E.
- Archer Daniels Midland
- E. I. du Pont de Nemours and Company
- Mondi Group
- Biome Technologies PLC
- Stora Enso
- Amcor
- Rocktenn
- Unilever
- Mitsubishi Chemical Corporation
- Corbion
- Natureworks LLC
For more information about this report visit https://www.researchandmarkets.com/research/tbwldj/global?w=4
