Global Biodegradable Plastic Market Predicted to Reach $6 Billion in 2026 with a CAGR of 21.3% - ResearchAndMarkets.com

DUBLIN--()--The "Biodegradable Plastic Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.

The global biodegradable plastic market was valued at $1.2 billion in 2018, and is projected to reach $6.0 billion by 2026, growing at a CAGR of 21.3% from 2019 to 2026.

Biodegradable plastic is a plant based plastic with no hazardous effects on the environment. It composed of petrochemical, renewable material, and micro-organisms. The idea of biodegradable plastic reveals little or no degradation of plastic material over the period, causing least hazards to environment. Hence, plastic that is defined as biodegradable is made of molecule that can break down naturally by the action of micro-organisms. Some of the major known types of the biodegradable plastic includes, Poly(lactic Acid (PLA), Polybutylene adipate terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), and Starch Blends.

The global biodegradable plastic market is in introductory phase of industry life cycle and is expected to explore new growth opportunities during the coming years. Some of the basic factors driving the demand for biodegradable plastic include governmental initiatives to eliminate single use plastic and strict regulatory outlook against the use of conventional plastic products. Industry trends are shifting toward bio based products to reduce dependence on conventional plastics. Biobased and biodegradable plastic is least toxic and causes no adverse effects environments. Hence, its demand is on the rise at significant pace. Moreover, most of manufacturers from each industry vertical are shifting toward use of biobased plastic due to pressure from regulatory bodies. Packaging textile, and agriculture industries are being some of them. Such factors are largely impacting the growth of the global biodegradable market. On the other hand, the growth of the market is restrained by high cost of biodegradable plastic over its conventional counterparts. Growth opportunities in this market are promising which is projected to come from concept like corporate social responsibility and decreased dependence on synthetic resources.

KEY BENEFITS FOR STAKEHOLDERS

  • Porter's five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
  • It outlines the current trends and future scenario of the market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets
  • Major countries in the region have been mapped according to their individual revenue contribution to the regional market
  • The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study
  • The profiles of key players along with their key strategic developments are enlisted in the report

     

Key Findings of the Biodegradable Plastic Market:

The Europe biodegradable plastic market is predicted to account for a share of over 50% by 2026

The starch blends segment is expected to dominate the market, garnering a biodegradable plastic market share of around 40% during the projected period

The packaging application segment is projected to hold a share of over 60% by 2026

Since Asia-Pacific has the largest production facilities, advancement in the production processes may help this region to progress in terms of market share at relatively greater speed

Key Topics Covered:

Chapter 1: Introduction

1.1. Report Description

1.2. Key Benefits For Stakeholders

1.3. Key Market Segments

1.4. Research Methodology

1.5. Analyst Tools And Models

Chapter 2: Executive Summary

2.1. Key Findings of The Study

2.2. Cxo Perspective

Chapter 3: Market Overview

3.1. Market Definition And Scope

3.2. Key Findings

3.3. Porter'S Five Forces Analysis

3.4. Market Dynamics

3.5. Impact of Government Rules And Regulations

3.6. Patent Analysis (2015-2018)

3.7. Pricing Analysis

Chapter 4: Global Biodegradable Plastic Market, By Type

4.1. Overview

4.2. Pla (Poly(Lactic Acid))

4.3. Pbat (Polybutylene Adipate Terephthalate)

4.4. Pbs (Polybutylene Succinate)

4.5. Pha (Polyhydroxyalkanoates)

4.6. Starch Blends

4.7. Others

Chapter 5: Biodegradable Plastic Market, By Application

5.1. Overview

5.2. Packaging

5.3. Agriculture

5.4. Consumer Durable

5.5. Textile

5.6. Others

Chapter 6: Global Biodegradable Plastic Market, By Region

6.1. Overview

6.2. North America

6.3. Europe

6.4. Asia-Pacific

6.5. LAMEA

Chapter 7: Competitive Landscape

7.1. Introduction

7.2. Market Share Analysis of Top Players, 2018 (%)

7.3. Top Winning Strategies

7.4. Product Mapping of Top 10 Player

7.5. Competitive Heatmap

7.6. Key Developments

Chapter 8: Company Profiles:

8.1. Basf Se

8.2. Biome Technologies Plc

8.3. Corbion N.V.

8.4. Danimer Scientific

8.5. Dow, Inc.

8.6. Eastman Chemical Company

8.7. Kuraray Co., Ltd.

8.8. Mitsubishi Chemical Holdings

8.9. Novamont S.P.A

8.10. Ptt Global Chemical Company Limited

For more information about this report visit https://www.researchandmarkets.com/r/v9mmgy

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900