Press release
Biodegradable Plastics Market is Thriving with Rising Latest Trends by 2026 | Top Players- BASF SE, Total Corbion PLA, Mitsubishi Chemical Corporation, TORAY INDUSTRIES INC
Biodegradable Plastics Market
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.
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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 Plastics Market Segmentation:
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)
When Globalization is rising day by day, many businesses call for Global Market Research which offers actionable market insights and support decision making. A strong research methodology used in this Biodegradable Plastics report comprises of data models that include market overview and guide, vendor positioning grid, market time line analysis, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. This is the most relevant, unique, and creditable global market research report which has been brought to valuable customers and clients depending upon their specific business needs.
Table Of Contents Is Available Here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-biodegradable-plastics-market&SH
Competitive Analysis: Global Biodegradable Plastics Market
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 Leaders- 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.
Recent Developments in the Market:
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.
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.
Inquire for further detailed information of Biodegradable Plastics Market Report at: https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-biodegradable-plastics-market&SH
Customization Options
All segmentation provided above in this report is represented at country level and can be customized according to needs.
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.
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