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24.9% Growth Rate for Biodegradable Plastics Market by 2026 | Global Forecast, Trends, Opportunity and Industry Analysis

09-14-2021 04:48 PM CET | Industry, Real Estate & Construction

Press release from: ReportsnReports

Global Biodegradable Plastics Market 2021-2026, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The global biodegradable plastics market size is projected to grow from USD 7.7 billion in 2021 to USD 23.3 billion by 2026, at a CAGR of 24.9% between 2021 and 2026. This report spread across 109 Pages, Profiling 13 Companies and Supported with 64 Tables and 35 figures are now available in this research.

Top Companies Profiled in the Biodegradable Plastics Market: BASF (Germany), NatureWorks (US), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Plantic Technologies (Australia), Danimer Scientific (US), and Fkur Kunstsoff (Germany).

“Packaging accounted for the largest share in the biodegradable plastics market in terms of value.”
Packaging accounted for the largest share in the biodegradable plastics market in terms of value. Stringent regulations regarding environmental conservation, especially in developing economies, such as China, India, Brazil, Chile, Argentina, Indonesia, Thailand, Malaysia, and South Africa, are the major growth factors for the biodegradable plastics market. Food & beverage manufacturers are increasingly switching to biodegradable plastics to mitigate environmental and economic issues.

“PLA is the fastest-growing biodegradable plastic.”
PLA is the most commonly used type of biodegradable plastic. It is made from renewable resources; it is compostable as well as biodegradable. It is derived from corn starch (in the US and Canada), tapioca roots, chips, or starch (mostly in Asia), or sugarcane (in RoW). PLA is a versatile material that features excellent barrier properties, non-toxic nature, and is available in high-performance PLA grades that are ideal replacements for PS (polystyrene), PP (polypropylene), and ABS in more demanding applications.

“Europe is estimated to be the largest market for biodegradable plastics in 2021”
Europe is estimated to be the largest market for biodegradable plastics in 2021, in terms of value. Germany, Italy, France, Spain, and the UK are the major countries in the European biodegradable plastics market. Germany was the largest biodegradable plastics market in Europe in 2020. The demand for biodegradable plastics in the country is consistently increasing due to the rising environmental concerns and the implementation of stringent regulations on the use of petroleum-based plastics.

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Competitive Landscape of Biodegradable Plastics Market:
1 Overview
2 Ranking Analysis Of Key Market Players, 2020
3 Market Share Analysis
4 Revenue Analysis Of Top Players
5 Market Evaluation Matrix
6 Company Evaluation Matrix, 2021 (Tier 1)
6.1 Stars
6.2 Emerging Leaders
6.3 Participants
7 Company Industry Footprint
8 Company Type Footprint
9 Company Region Footprint
10 Strength Of Strategy Excellence
11 Business Product Footprint
12 Start-Ups And Small And Medium-Sized Enterprises (Smes) Evaluation Matrix
12.1 Responsive Companies
12.2 Starting Blocks
12.3 Dynamic Companies
13 Competitive Scenario
13.1 New Product Launches
13.2 Biodegradable Plastics: Deals
13.3 Other Developments

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Research Coverage:
The report offers insights into the biodegradable plastics market in key regions. It aims at estimating the size of the biodegradable plastics market during the forecast period and projects future growth of the market across various segments based on type, end-use industry, and region. The report also includes an in-depth competitive analysis of the key players in the biodegradable plastics market, along with company profiles, MNM view, recent developments, and key market strategies.

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ReportsnReports provides customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

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