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Biodegradable Plastics Market Opportunities And Strategies Report 2022 - Business Revenue | Competitive Landscape | Industry Trends | In-Depth Insights | Growth | Forecast 2031 - BASF SE, Mitsubishi Chemical Holding Corporation
Biodegradable Plastics Market
According to The Business Research Company's biodegradable plastics market report, the global biodegradable plastics market size reached a value of nearly $4397.1 million in 2021, having increased at a compound annual growth rate (CAGR) of 7.4% since 2016. The global biodegradable plastics market size increased from $4,397.1 million in 2021 to $9,134.5 million in 2026 at a rate of 15.7%. The global biodegradable plastics market size is expected to grow to $18,771.4 million in 2031 at a compound annual growth rate (CAGR) of 15.5%.
Biodegradable plastics companies are adopting new emerging technologies in the market, mainly to reduce the costs and to compete with conventional plastic. Also, in May 2022, CJ BIO, a division of CJ CheilJedang in South Korea, launched PHACT Marine Biodegradable Polymers, those rely on the unique polyhydroxyalkanoate (PHA) technology of the business. Technological advances are expected to be the future driver of the biodegradable plastics market across the world.
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The biodegradable plastics market is segmented -
• By Type: Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), PHA (Poly hydroxy alkenoates), Starch Blends, Other Types
• By End User: Packaging, Agriculture, Consumer Goods, Others
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the global biodegradable plastics market.
Major competitors in the biodegradable plastics market include BASF SE, Mitsubishi Chemical Holding Corporation, Kaneka Corporation, Novamont SpA, Corbion N.V. (Total Corbion PLA).
See The Full Biodegradable Plastics Market Report Here:
https://www.thebusinessresearchcompany.com/report/biodegradable-plastics-market
The biodegradable plastics market consists of sales of biodegradable plastics by entities (sole traders, partnership, organizations). Biodegradable plastics are used in the application of organic waste collection, food packaging, agricultural and horticultural use, and disposable tableware. Biodegradable plastics are polymers that can be degraded by microorganisms into carbon dioxide, water, and biomass.
The Table Of Content For The Biodegradable Plastics Market Include:
1. Biodegradable Plastics Market Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction and Market Characteristics
……
20. Key Mergers And Acquisitions
21. Global Biodegradable Plastics Market Opportunities And Strategies
22. Biodegradable Plastics Market, Conclusions And Recommendations
23. Appendix
The Business Research Company's "Global Biodegradable Plastics Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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