DUBLIN--(BUSINESS WIRE)--The "Biodegradable Plastics Market By Type (Starch Based, PLA, PHA, PBAT and PBS) By End Users (Packaging, Agriculture, Consumer Goods and others) and By Geography - Global Driver, Restraints, Opportunities, Trends, and Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Biodegradable plastics are widely utilized in various applications like packaging, agriculture, consumer goods, and others. The manufacturers are focusing towards innovation to capture more of the market share. The demand for biodegradable plastics is increasing owing to the increased awareness about environment and reducing the plastic waste.
Europe dominates the market currently and is also expected to grow during the forecast period due to intense demand. Asia Pacific is expected to accelerate in the market during the forecast period.
Some of the prominent key players in the biodegradable plastics market are Arkema, BASF, Corbion, DowDuPont, and Cargill.
Market Dynamics
Drivers
- Growing automotive and packaging industry
- Increased demand from Asia Pacific
Restraints
- Low penetration in underdeveloped countries
- Availability of cheaper alternatives
Opportunities
- Large untapped market in developing and underdeveloped countries
- Demand for carbon dioxide-based polyols
Scope of the Report
Types:
- Starch-based
- PLA
- PBS
- PBAT
- PHA
- Others
End Users:
- Packaging
- Agriculture
- Consumer Goods
- Others
Competitive Landscape
Vendor Profiles
- BASF
- Arkema
- Corbion
- Cargill
- DowDuPont
Customers Profiles
- UPF Technologies
- Fiat Chrysler Automobiles N.V. (FCA)
- General Electric (GE)
- Toyota
- Philips
Companies to Watch for
- BASF
For more information about this report visit https://www.researchandmarkets.com/research/8x2w35/global?w=4
