Biodegradable Plastics Market Is Driven By Increasing Demand Environmental Concerns Over The Non-biodegradability | Arkema S.A., Royal DSM N.V., Novamont S.p.A

Biodegradable plastics are made from renewable resources such as corn starch, potato starch, or cellulose. Unlike traditional plastics, which are made from fossil fuels, biodegradable plastics break down over time in the presence of oxygen and other microbes. This process is called biodegradation.

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Biodegradable plastics are an alternative to traditional plastics, which can take hundreds of years to degrade in the environment. While biodegradable plastics may cost more to produce than traditional plastics, they offer a number of benefits. For example, they can help to reduce the amount of plastic waste in the environment.

Key Trends

The key trends in biodegradable plastics technology are the development of new materials and processes that make biodegradable plastics more commercially viable. New materials include biodegradable polymers made from renewable resources such as lactic acid and PLA. Processes such as injection molding and extrusion have been developed to manufacturing biodegradable plastic products.

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Key Drivers

The key drivers of the biodegradable plastics market are the increasing environmental concerns over the non-biodegradability of traditional plastics, the availability of cost-effective raw materials, and the stringent government regulations on the use of traditional plastics.

Restraints & Challenges

One of the key restraints for the biodegradable plastics market is the high cost of raw materials. The cost of biodegradable plastics is currently higher than the cost of conventional plastics. This is a major challenge for the market growth, as the high cost of raw materials is expected to limit the market growth in the forecast period.

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Market Segments

The biodegradable plastics market is segmented by type, application, and region. By type, the market is divided into polyactic acid (PLA), polybutylene adipate terephthalate (PBAT), polybutylene succinate (PBS), PHA(polyhydroxyalkanoates), starch blends, and others. By application, the market is classified into packaging, agriculture, consumer durable, textile, and others. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.

Key Players

The global biodegradable plastics market report includes players such as BASF SE, DowDuPont, Inc., Arkema S.A., Royal DSM N.V., Novamont S.p.A., Toray Industries, Inc., Biome Technologies, Celanese Corporation, NatureWorks, and Mitsubishi Chemical Holdings Corporation

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