Biodegradable Plastics market size is estimated to be worth US$ 3287 million in 2022 and is forecast to a readjusted size of US$ 5392.4 million by 2028 with a CAGR of 8.6% - Valuates Reports

Due to the COVID-19 pandemic, the global Biodegradable Plastics market size is estimated to be worth US$ 3287 million in 2022 and is forecast to a readjusted size of US$ 5392.4 million by 2028 with a CAGR of 8.6% during the review period.

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Fully considering the economic change by this health crisis, PLA accounting for % of the Biodegradable Plastics global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While Packaging segment is altered to an % CAGR throughout this forecast period.

Biodegradable Plastics Market Size and Share
Western Europe and North America are the biggest consumers of biodegradable plastics globally. Italy and the U.S. are the key countries in Western Europe and North America, witnessing CAGRs of 12.4% and 11.5%, respectively, between 2018 and 2023. The developing countries are also growing at a rapid pace due to rising domestic demand.

In terms of production side, this report researches the Biodegradable Plastics capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Biodegradable Plastics by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Biodegradable Plastics Market Scope and Segment
Biodegradable Plastics market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Biodegradable Plastics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

Biodegradable Plastics Market Segment By Type
PLA
Starch Blends
PCL
Regenerated Cellulose
PBS
PHA

Biodegradable Plastics Market Segment By Application
Packaging
Fibers
Agriculture
Injection Molding
Others

By Company
Metabolix
BASF
Corbion NV
Natureworks
Biome Technologies
Mitsubishi Chemical
Plantic Technologies
Bio-On
Meredian
Tianan Biologic Materials
Mitsui Chemicals
Teijin
Tianjin Guoyun Biological Materials
Toray

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This release was published on openPR.