Biodegradable Plastics Market Analysis, Revenue, Price, Market Share, Growth Rate, Forecast to 2026 | BASF SE, Total Corbion PLA, Mitsubishi Chemical Corporation, Biome Bioplastics, Plantic
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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.Few of the major competitors currently working in the biodegradable plastics market are NatureWorks LLC, BASF SE, Total Corbion PLA, Mitsubishi Chemical Corporation, Biome Bioplastics, Plantic, BIO-ON, Danimer Scientific, Novamont S.p.A., TORAY INDUSTRIES INC., Perstorp Orgnr, K.D. FEDDERSEN, TianAn Biologic Materials Co. Ltd., Synbra Technology bv, FKuR Kunststoff GmbH, Newlight Technologies Inc., API S.p.A, Indochine Bio Plastiques (ICBP) Sdn. Bhd., Evonik Industries AG, CLONDALKIN GROUP, and Cargill Incorporated.
Biodegradable plastics are known as the eco-friendly decomposable by the living organisms (bacteria & microorganisms). These plastics are basically formed with two methods either from renewable raw materials or petrochemicals inclusive of biodegradable additives resulting in an improved biodegradation process. Biodegradable and compostable plastics are different and not similar as some portion of the population is confused about, biodegradable plastics are those which can be broken down by the living organisms while compostable are those which can be resulted in an end product of compost or humus.
• 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
• Increased demand from a number of applicable industries for the product is also expected to drive the market growth
• Higher product and production costs is expected to restrain the market growth
• 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
Table Of Contents: Global Biodegradable Plastics Market
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
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Key Questions Answered in This Report
• What will the Global Biodegradable Plastics Market size be in 2025 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
Customization of the Report
The report includes the complete segmentation displayed above across all above mentioned countries
All products covered in the Global Biodegradable Plastics Market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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Opportunities in the Global Biodegradable Plastics Market report
1.Comprehensive quantitative analysis of the industry is provided for the period of 2016-2023 to assist stakeholders to capitalize on the prevailing market opportunities.
2.Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
3.Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across regional.
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