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2023 Biodegradable Plastics Market Analysis, Recent Trends And Regional Growth Forecast By 2032
Biodegradable Plastics Market
As per the biodegradable plastics market report by The Business Research Company, Growth in concerns for the environment is expected to increase the growth of the biodegradable plastics market. The major growing concern for the environment is plastics. The increase in the use of plastics is a growing concern for the environment.
The global biodegradable plastics market size grew from $4.22 billion in 2022 to $4.82 billion in 2023 at a compound annual growth rate (CAGR) of 14.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biodegradable plastics market size is expected to grow to $8.01 billion in 2027 at a CAGR of 13.5%.
Read More On The Biodegradable Plastics Market Report Here:
https://www.thebusinessresearchcompany.com/report/biodegradable-plastics-global-market-report
Major competitors in the biodegradable plastics market include BASF, NatureWorks, BIOME TECHNOLOGIES PLC., Novamont S.p.A., Mitsubishi, Biome Bioplastics, Plantic, BIO-ON, Danimer Scientific, Novamont S.p.A., TORAY INDUSTRIES, Inc., Kruger Inc., Total Corbion PLA, Perstorp, K.D. FEDDERSEN, UrthPact, LLC, Biotec Pvt. Ltd., BioGreen, CLONDALKIN GROUP, Plantic Technologies Limited, Amcor limited, and Mondi Group
The biodegradable plastics market is segmented -
By Type: Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), PHA (Polyhydroxyalkanoates), Starch Blends, Other Types
By End User: Packaging, Agriculture, Consumer Goods, and Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the biodegradable plastics market.
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Biodegradable plastics are made from petrochemicals that contain biodegradable additives and are degraded into carbon dioxide, water, and biomass by microorganisms. The biodegradable plastics are used in organic waste collection and diversion, food packaging, the agricultural and horticultural sectors, and disposable tableware. These can be used in packing materials, injection-molded products, and others.
The Table Of Content For The Biodegradable plastics market Include:
1. Executive Summary
2. Biodegradable Plastics Market Characteristics
3. Biodegradable Plastics Market Trends And Strategies
4. Biodegradable Plastics Market - Macro Economic Scenario
5. Biodegradable Plastics Market Size And Growth
.......
26. Africa Biodegradable Plastics Market
27. Biodegradable Plastics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biodegradable Plastics Market
29. Biodegradable Plastics Market Future Outlook and Potential Analysis
30. Appendix
The "Global Biodegradable plastics market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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