Biodegradable Plastics Market Size to Reach US$ 20,840.29 million by 2030| BASF SE, Total Corbion PLA, Synbra Technology BV, Futerro, Novamont SpA

The Biodegradable Plastics Market size is predicted to grow from US$ 7,331.11 million in 2022 to US$ 20,840.29 million by 2030; it is projected to record a CAGR of +19% from 2023 to 2030.

The Biodegradable Plastics Market report defines and outlines the products, applications, and specifications to the reader. The study lists the leading companies operating in the Market and highlights the key change processes that companies have adopted to maintain their strengths. Strengths, weaknesses, opportunities, and combinations of leading companies are all referenced in the report using SWOT analysis and Porter's five forces analysis tool. All major players in this global Market are profiled with details such as product type, business overview, sales, manufacturing base, participants, applications, and specifications.

Biodegradable plastics can undergo biological and physical decomposition, decomposing into biomass, carbon dioxide (CO2), and water. This plastic decomposes naturally in the environment. Decomposition is mainly carried out by the microorganism present in the background that breaks down the structure of biodegradable plastic. It is manufactured using microorganisms, renewable raw materials, and petrochemicals. Biodegradable plastic is eco-friendly and has no toxicity as it is produced using renewable raw materials. This type of plastic is mainly produced using natural plant material, including corn oil, orange peels, starch, and plants.

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The Prominent/Emerging Players in the Biodegradable Plastics Market Research include:
• Cargill Incorporated
• PTT MCC Biochem Co., Ltd.
• Biome Technologies plc
• Plantic Technologies Limited
• BASF SE
• Total Corbion PLA
• Synbra Technology BV
• Futerro
• Novamont SpA
• NatureWorks LLC
• Eastman Chemical Company
• Trineso
• Danimer Scientific
• FKuR Kunststoff GmbH

Biodegradable Plastics Market by Type:
• PLA
• Starch Blends
• Biodegradable Polyesters
• PHA
• Others

Biodegradable Plastics Market By Application:
• Packaging & Bags
• Consumer Goods
• Agriculture & Horticulture
• Textile
• Others

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
● Latin America (Mexico, Brazil, Argentina, Rest of Latin America

Key Benefits for Stakeholders:
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Biodegradable Plastics market analysis from 2020 to 2030 to identify the prevailing Biodegradable Plastics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the Biodegradable Plastics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes an analysis of the regional as well as global Biodegradable Plastics market trends, key players, market segments, application areas, and market growth strategies.

The Biodegradable Plastics Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

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