Biodegradable Plastics Market To Witness Astonishing Growth | BASF, Total, Evonik, Cargill, Valspar, Air Liquide, PPG Industries, Huntsman Corporation, Air Products, Bayer, SABIC
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Global biodegradable plastics market is expected to rise from its initial estimated value of USD 3.15 billion in 2018 to an estimated value of USD 9.30 billion by 2026, registering a CAGR of 14.5% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising amount of plastic wastes and concern for the environment and global warming.Global biodegradable plastics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biodegradable plastics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Top Leading Key Players in Biodegradable Plastics Market are:
Total Corbion PLA
Mitsubishi Chemical Corporation
TORAY INDUSTRIES INC.
TianAn Biologic Materials Co. Ltd.
Synbra Technology bv
FKuR Kunststoff GmbH
Newlight Technologies Inc.
Indochine Bio Plastiques (ICBP) Sdn. Bhd.
Evonik Industries AG
and Cargill Incorporated
o Rising awareness programs and adoption of eco-friendly plastics due to the increasing amount of plastic wastes and concern for the global warming is expected to drive the market growth
o Increased demand from a number of applicable industries for the product is also expected to drive the market growth
o Higher product and production costs is expected to restrain the market growth
o Absence of any distinct differences between the waste of biodegradable plastics and conventional plastics causes a number of complications in decomposition and recycling, this factor is expected to restrain the market growth
Segmentation: Global Biodegradable Plastics Market
o Polylactic Acid (PLA)
o Starch Blends
o Biodegradable Polyesters
o Polyhydroxyalkanoates (PHA)
o Packaging & Bags
o Consumer Goods
o Agriculture & Horticulture
o North America
o South America
o Middle East & Africa
Key Developments in the Market:
o In November 2017, Evonik Industries AG announced the acquisition of 3M's concentrated solid additives business which is expected to advance the technological base and product portfolio capabilities of Evonik in the plastics business.
o In December 2018, Total Corbion PLA announced the introduction of its operations of its 75,000 tonnes per year polylactic acid (PLA) plant in Rayong, Thailand. The initialization of operations is expected to expand the production capabilities and positively impact the area surrounding the plant.
What Market Data breakdown will be provided by key geographies, Type, Application, End-users:
Global Biodegradable Plastics Market, By Types (PLA, Starch Blends, Biodegradable Polyesters, PHA, Others)
Application (Packaging & Bags, Consumer Goods, Agriculture & Horticulture, Textile, Others)
Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026
Table of Contents: Global Biodegradable Plastics
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
Table Of Contents Is Available Here https://www.databridgemarketresearch.com/toc/?dbmr=global-biodegradable-plastics-market
Key Questions Answered in Biodegradable Plastics Report
o What will the Global Biodegradable Plastics size be in 2025 and what will the growth rate be?
o What are the key market trends?
o What is driving this market?
o What are the challenges to market growth?
o Who are the key vendors in this market space?
o What are the market opportunities and threats faced by the key vendors?
Important Features of the Global Biodegradable Plastics Market Report:
What all companies are currently profiled in the report?
** List of companies mentioned may vary in the final report subject to Name Change / Merger etc.
What all regional segmentation covered? Can specific country of interest be added?
Currently, research report gives special attention and focus on following regions:
North America, Europe, Asia-Pacific etc.
** One country of specific interest can be included at no added cost. For inclusion of more regional segment quote may vary.
Can inclusion of additional Segmentation / Market breakdown is possible?
Yes, inclusion of additional segmentation / Market breakdown is possible subject to data availability and difficulty of survey. However a detailed requirement needs to be shared with our research before giving final confirmation to client.
Any Questions? Inquire here before purchase @https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-biodegradable-plastics-market
Thanks for reading this article; you can als-get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.
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