The biodegradable plastics market is expected to rise at a CAGR of 10.84% from 2019 to 2027.
With the rising global temperature, the pressing concerns over environmental conservation from various NGO activists and other agencies has led the growing awareness for biodegradable plastics. This, in turn, has opened growth opportunity for the market globally.
The increasing production of other renewable resources, rising scope of biodegradable plastics in various end-user segments, the beneficial properties of biodegradable plastic, favorable government policies to reduce the use of petroleum-based products and consumer preference for environmentally friendly products are the top reasons responsible for the growth of the market in the world.
The Asia-Pacific region is the most significant potential region over the forecast period, mainly due to a large customer base and a sensitive approach towards the protection of the Flora and Fauna within the region.
Overall, the governments and other small and medium corporates in these regions are striving to conserve and safeguard the nature for future generations through innovative and renewable products, and thus these changes and implementation indicates promising growth in the biodegradable plastic market over the forecasting period.
Key Topics Covered
1. Global Biodegradable Plastic Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.3. Evolution & Transition of Biodegradable Plastic
2.4. Porter's Five Force Analysis
2.5. Market Attractiveness Matrix
2.6. Vendor Scorecard
2.7. Industry Components
2.8. Regulatory Framework
2.9. Key Impact Analysis
2.10. Market Opportunity Insights
2.11. Industry Player Positioning
2.12. Key Market Strategies
2.13. Market Drivers
2.13.1. Rise in the Production of Corn & Other Renewable Resources
2.13.2. Increasing Scope of Biodegradable Plastics in Various End-use Segments
2.13.3. Biodegradable Property of the Biodegradable Plastics
2.13.4. Favorable Government Policies to Reduce the Use of Petroleum-based Polymers
2.13.5. Shift in Consumer Preference Towards the Adoption of Environment-Friendly Packaging Solution
2.14. Market Restraints
2.14.1. High Cost of Biodegradable Plastics as Compared to Conventional Plastics
2.14.2. Durability Issues
2.15. Market Opportunities
2.15.1. Increased Bioplastic Production Across Regions
2.15.2. Availability of Cost-effective Bio-based Raw Materials
2.16. Market Challenges
2.16.1. Biodegradable Plastics Impact on Food Production & Supply
2.16.2. Easy Availability of Alternatives
3. Biodegradable Plastic Industry Outlook - By Type
3.2. Starch Blends
3.4. Regenerated Cellulose
3.7. Other Types
4. Biodegradable Plastic Industry Outlook - By Application
4.4. Injection Molding
4.5. Other Applications
5. Biodegradable Plastic Industry - Regional Outlook
5.1. North America
5.1.1. Market by Biodegradable Plastic Type
5.1.2. Market by Application
5.1.3. Country Analysis
18.104.22.168. United States
5.4. Latin America
5.5. Middle East & Africa
6. Competitive Landscape
6.1. BASF SE
6.2. Biome Bioplastics Limited
6.3. Bio-On S.p.A.
6.4. Corbion N.V. (Purac)
6.5. Danimer Scientific LLC
6.6. Dow Chemical Company (Merger With Dupont)
6.7. FKuR Kunststoff GmbH
6.8. Futerro S.A.
6.9. Mitsubishi Chemical Corporation
6.10. Natureworks LLC
6.11. Plantic Technologies (Acquisition by Kuraray America Inc.)
6.12. Sigma-Aldrich (Acquisition by Merck)
6.13. Synbra Holding B.V.
6.14. Tianan Biologic Material Co. Ltd.
6.15. Zhejiang Hisun Biomaterials Co. Ltd.
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