Global Biodegradable Bags Market Set to Soar with a CAGR of 9.7%, Projected to Reach US$ 3.56 Bn by 2029

23-01-2024: Report Scope and Research Methodology:

The report encompasses an insightful analysis of the impact of the COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. The varying implementations of lockdown in different regions and countries have resulted in diverse impacts, covered comprehensively in the report. The study provides both short-term and long-term impact assessments, aiding decision-makers in devising strategies for companies by region.

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Biodegradable Bags Market Dynamics:

Biodegradable bags have gained widespread use in packaging across various global sectors. The demand for biodegradable bags is on the rise due to stringent regulations against non-degradable plastics implemented by governments worldwide. Additionally, increased consumer health awareness contributes to this growth. The food and beverage industry significantly drives the biodegradable packaging sector, fostering market expansion. Geographically, the U.S. holds the largest market share in biodegradable bags, driven by growing environmental concerns and an increasing environmentally conscious population.

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Segment Analysis: Powder-Free Dominance and Biodegradable Bags :

The global market is divided into three segments: type, application, and geography. The market is divided into two categories based on type: hydro-biodegradable bags and oxi-biodegradable bags. The global market's application segments are food and drink, medicines, packaging, agriculture and composting, and textiles. The fact that biodegradable bags are lightweight and easily disposed of makes them widely used.

Because the process of creating hydro-biodegradable polymers from crops requires a large amount of fossil fuel energy and produces greenhouse gases as a result, it is not truly renewable.

The report's goal is to provide a thorough overview of the global market that takes into account all industry participants. The research presents the industry's historical and present state along with projected market size and trends, analysing complex data in an easy-to-read manner. With a thorough analysis of important competitors, including market leaders, followers, and recent arrivals by region, the report covers every facet of the industry. The study includes PORTER, SVOR, and PESTEL analyses along with the possible effects of microeconomic factors on the market by region. The analysis of both internal and external elements that could have a positive or negative impact on the firm will provide decision makers with a clear picture of the industry's future.

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Who are Biodegradable Bags Market Key Players?

1. Biopac India Corporation Ltd
2. Smurfit Kappa Group
3. Mondi Group
4. BASF SE
5. WestRock Company
6. Georgia-Pacific
7. Metabolix, Inc.
8. Cereplast Inc.
9. Novolex
10. Shabra Group
11. International Plastics Inc.
12. Ampac Holdings LLC
13. Bulldog Bag Ltd.
14. Sahachit Watana Plastic Industry Co Ltd.
15. Abbey Polyethene
16. Sarah Bio Plast
17. NatureWorks
18. Total Corbion PLA
19. Mitsubishi Chemical
20. Biome Bioplastics

Table of content for the Biodegradable Bags Market includes:

Part 01: Executive Summary

Part 02: Scope of the Biodegradable Bags Market Report

Part 03: Biodegradable Bags Market Landscape

Part 04: Biodegradable Bags Market Sizing

Part 05: Biodegradable Bags Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Perspectives: North America and APAC Leading the Way:

North America's Dominance: In 2023, North America held a market share of over 35.2%, driven by a robust healthcare sector and increasing industrial activities. Biodegradable Bags have become a staple in hospitals, clinics, and households, with rising awareness among individuals about the importance of cleanliness.

APAC Growth Trajectory: The Asia-Pacific region is a significant contributor, experiencing a rising demand for Biodegradable Bags due to a growing population and increased healthcare needs. The region serves as a major production hub, with governments encouraging hygiene practices and driving adoption.

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