openPR Logo
Press release

Global Biodegradable Plastics Market to Reach USD 7.1 Billion by 2027, Driven by Awareness of Conventional Plastic's Harmful Impact on the Environment

02-22-2022 09:59 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Renub Research

/ PR Agency: Renub Research
Biodegradable Plastics Market Size, Global Forecast 2021-2027, Industry Trends, Impact of COVID-19, Opportunity Company Analysis

Biodegradable Plastics Market Size, Global Forecast 2021-2027, Industry Trends, Impact of COVID-19, Opportunity Company Analysis

According to Renub Research report, tittled "Biodegradable Plastics Market Size, Global Forecast 2021-2027, Industry Trends, Impact of COVID-19, Opportunity Company Analysis" the Biodegradable Plastics Market was USD 4.3 Billion in 2021. In the wake of plastic pollution increasing worldwide, biodegradable plastics are one of the fastest-growing segments within the global plastics industry. Nevertheless, Bioplastic is a sustainable material derived from renewable feedstocks, and is an alternative to petroleum-based plastics. It can reduce 30-70% of carbon dioxide emissions. It represents 42% reduction of carbon footprints. The production of bioplastic requires 65% less energy than conventional petroleum plastic.

How Covid-19 Helped the Biodegradable Plastics Industry to Grow

The global biodegradable plastics industry witnessed a positive impact owing to the novel coronavirus lockdown globally. The number of medical items like sanitizer bottles, face masks, and gloves increased, creating huge plastic waste. This aspect has made a massive opportunity for biodegradable plastics to produce personal protective equipment and sanitizer bottles. Prominent industry leaders adopt different growth strategies like a geographical expansion to increase their capacity and productivity.

Global Biodegradable plastics Resin Market Drivers:

Worldwide, the increasing environmental concerns about plastic usage (as plastics contain toxic pollutants that harm animals, plants, and people) are propelling the use of biodegradable plastic alternatives. Floating plastic waste that survives thousands of years in water can perform as a transportation device for invasive species that disrupt habitats. This factor above is contributing to the growth of the market.

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=biodegradable-plastic-market-p.php

Thus, the stringent regulations by various governments and federal agencies to reduce plastic waste and promote biodegradable plastics usage in packaging are expanding the demand of this market. The laws related to green packaging are rising. As a result, various FMCG companies are required to adopt biodegradable packaging to yield with the standards, which is propelling the blossoming of this market.

The use of Starch blends is stimulating the biodegradable plastics industry to blossom.

Based on material type, the biodegradable plastics market is divided into Polybutylene adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), and Starch Blends. Starch blends appeared as the global leader in revenue share in the biodegradable plastic market. This is accounted to its demand in flexible packaging and the agricultural sector. Starch blends are widely used to reduce the carbon footprint of conventional resins, thus enhancing demand growth.

Furthermore, the adoption of Polylactic Acid (PLA) bioplastic has increased tremendously across packaging and consumer goods applications due to the avant technical properties and functionalities. The demand for Polylactic Acid (PLA) bioplastics has gained tremendous traction in various plastic applications due to the favorable legislations implemented by many governments around the globe.

Moreover, there is an increased demand for bioplastic packaging for wrapping organic food and premium and branded products with specific needs. A combination of recycling components from conventional plastics, such as PET with bioplastics (bio-based PET), provides high-performance processing of bioplastics packaging. Biodegradable food packaging, certified as industrially compostable, was the first successfully commercialized bioplastic product.

North America is one the Biggest Consumer in Biodegradable Plastics

Regionally, the North American region is predicted to be one of the biggest consumers of biodegradable plastics, which is majorly credited to the extensive presence of packaged food manufacturers in Canada & the United States. Being environmentally conscious and increasing the spending power of the consumers is one of the significant drivers increasing the demand of the market in the region.

Further, the transition to a low-carbon and circular economy, more vital policy support for the economy, and raised consumer awareness for sustainable products and packaging are compelling the expansion of the market in Europe. The use of biodegradable plastics, primarily in European countries, also increases in other niche components, such as drug delivery systematical implants.

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/biodegradable-plastic-market-p.php

Key Players:

The global biodegradable plastic market is highly fragmented, as the international participants are driving toward inventing new technologies to manufacture pliable packaging material from different readily available natural resources. The players' substantial investments in research and development to create innovative products generate high competition. The key players are Total Corbion (Netherlands), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Biome Bioplastics (UK), and Green Dot Bioplastics.

Market Summary:

Material Type - Renub Research Report covers by Material Type in the 6 viewpoints (Polybutylene adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), Starch Blends and Others)
Applications - Our Report covers by Application in the 4 viewpoints (Packaging, Agriculture, Consumer Goods and Others)
Regions - This Report covers Market breakup by 5 Regions (North America, Europe, Asia-Pacific's, Latin America and Middle East & Africa)
All the key players have been shielded from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Total Corbion (Netherlands), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Biome Bioplastics (UK) and Green Dot Bioplastics

Browse Related Report:

Global Bioplastics Market: https://www.renub.com/bioplastics-market-p.php

Biodegradable Plastic Market: https://www.renub.com/biodegradable-plastic-market-p.php

Water Soluble Polymer Market: https://www.renub.com/water-soluble-polymer-market-p.php

Food Enzymes Market: https://www.renub.com/food-enzymes-market-p.php

Asia-Pacific Automotive Paint Market: https://www.renub.com/asia-pacific-automotive-paint-market-p.php

Industrial Enzymes Market: https://www.renub.com/industrial-enzymes-market-p.php

3D Printing Powder Market: https://www.renub.com/3d-printing-powder-market-p.php

United States Biodegradable Plastics Market: https://www.renub.com/united-states-biodegradable-plastics-market-p.php

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.

Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research
Follow on Twitter: @renubresearch

Roswell, GA 30076

Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today's ultra-competitive markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Biodegradable Plastics Market to Reach USD 7.1 Billion by 2027, Driven by Awareness of Conventional Plastic's Harmful Impact on the Environment here

News-ID: 2559287 • Views:

More Releases from Renub Research

Autoimmune Disease Diagnostics Market Hits US$5.32 Billion in 2023, Anticipated to Surge at 7.17% CAGR from 2024 to 2030 ⅼ Renub Research
Autoimmune Disease Diagnostics Market Hits US$5.32 Billion in 2023, Anticipated …
Global Autoimmune Disease Diagnostics market is projected to be valued at around US$ 8.64 Billion by 2030, as per Renub Research. Autoimmune disease diagnostics normally contain a combination of blood markers, specific signs, and sometimes a tissue biopsy. Autoimmune disorders broaden whilst the immune device attacks its cells due to abnormalities. The failure to detect immune cells, tissues, & organs and produce autoantibodies targeting these cells reasons the immune system
Global Automotive Actuators Market on Track to Reach US$ 40.93 Billion by 2030 ⅼ Forecast (2024 - 2030) ⅼ Renub Research
Global Automotive Actuators Market on Track to Reach US$ 40.93 Billion by 2030 …
Renub Research has released a report titled "Global Automotive Actuators Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030," which includes market percentage records and a thorough enterprise analysis. This report examines the Global Automotive Actuators Market's competition, geographic distribution, and growth potential. Global Automotive Actuators Market is predicted to extend at a CAGR of 6.71% from 2024 to 2030. Automotive actuators are pivotal in the vehicle enterprise, serving as
Digital payment market size was valued at USD 3.53 trillion in 2018 and is projected to reach USD 19.89 trillion by 2026 at CAGR of 24.4% ⅼ Renub Research
Digital payment market size was valued at USD 3.53 trillion in 2018 and is proje …
Digital payment means dealings completed through digital or online mediums. It means doing the transactions through electronic medium like laptops, pads, smartphones etc. The online payment system has evolved through the time. Many new payment systems have been introduced in the years such as swapping of credit or debit cards on POS machines, scanning QR codes, NFC cards etc. Besides the rising internet penetration is expanding the digital payment market
China Baby Food Market, Size, Share, Company Analysis, Industry Trends ⅼ Forecast (2024 2030)
China Baby Food Market, Size, Share, Company Analysis, Industry Trends ⅼ Forec …
The recently released report, "China Baby Food Market: Industry Trends, Growth, Share, Size, Opportunity, and Forecast 2024-2030," produced by Renub Research, includes extensive enterprise analysis and market percentage records. The competition, geographic distribution, and growth potential of the China Baby Food Market are all examined in this study. Read More: https://www.renub.com/china-baby-food-market-p.php China Baby Food Market is predicted to extend at a CAGR of 7.00% from 2024 to 2030. The China baby food

All 5 Releases


More Releases for Biodegradable

Global Biodegradable plastic Market
Biodegradable plastic is made using raw materials or petrochemicals and can be decomposed by living organisms such as bacteria. Biodegradable plastic takes less time to break down as it is made up of eco-friendly material and requires less energy for production. The global Biodegradable Plastic Market is facing challenges due to the COVID-19 pandemic as the manufacturing facilities and supply chain of many organizations is at a halt. The increasing
Global Biodegradable Films Market Report
The global biodegradable films market is projected to grow at a CAGR of 6.1 percent in the forecast years, according to a recent research report gathered by the Global Market Estimates. Browse 167 Market Data Tables and 97 Figures spread through 188 Pages and in-depth TOC on "Biodegradable Films Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/global-biodegradable-films-market-2518 By Type (PLA, Biodegradable Polyester, PHA, Starch Blends, Others), By Application (Food Packaging, Agriculture & Horticulture,
Global Biodegradable Films Market Report
The global biodegradable films market is projected to grow at a CAGR of 6.1 percent in the forecast years, according to a recent research report gathered by the Global Market Estimates. Browse 167 Market Data Tables and 97 Figures spread through 188 Pages and in-depth TOC on "Biodegradable Films Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/global-biodegradable-films-market-2518 By Type (PLA, Biodegradable Polyester, PHA, Starch Blends, Others), By Application (Food Packaging, Agriculture & Horticulture,
Biodegradable Polymers Market 2019-2025 Worldwide Key Players : Aquapak Polymers …
Adroit Market Research published a study on the “Global Biodegradable Polymers Market Size 2017 By Production (Starch-based, Polylactic acid (PLA), Polyhydroxyalkanoates (PHA), Synthetic), By Application (Packaging, Loose fill, Bags and sacks, Fibre, Others), By Region and Forecast 2018 to 2025”. The global biodegradable Polymers market size is estimated based on the ongoing trend of bioplastic and consumption patterns of the bioPolymerss across the globe. The report also provides the various
Global Biodegradable Packaging Market
Global Biodegradable Packaging Market – Industry Analysis and Forecast (2018-2026) – by Material Type, Application, and Region. Global Biodegradable Packaging Market was valued at US$ 6.67 Bn in 2017 and is expected to reach US$ 18.27 Bn by 2026, at a CAGR of 13.42% during a forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data
Biobased Biodegradable Plastics Market Report 2018: Segmentation by Product (Pol …
Global Biobased Biodegradable Plastics market research report provides company profile for Natureworks, Metabolix, Corbion, Biome Technologies, BASF, DOW, Novamont and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation