Press release
Biodegradable Plastics Market 2020 -2027: Global Outlook, Industry Share, Business Growth And Major Players
The market growth of Europe's biodegradable plastics is propelled by their eco-friendly attributes, increasing consumer acceptance, high demand in food packaging applications, and favorable governmental policies towards bioplastics. Nonetheless, the market faces constraints due to the relatively high cost of biodegradable plastics. However, the rise in corporate social responsibility (CSR) initiatives and reduced reliance on petroleum resources are anticipated to unlock new avenues in the near future.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/A07188
The market segmentation is based on type, application, and country. By type, the market encompasses polylactic acid (PLA), polybutylene adipate terephthalate (PBAT), polybutylene succinate (PBS), polyhydroxyalkanoates (PHA), starch blends, and others. The starch blend segment dominated the Europe biodegradable plastics market in 2019, contributing to over one-third of the revenue, and is projected to maintain its dominance throughout the forecast period. Conversely, the PLA segment is expected to exhibit the highest CAGR of 11.7% from 2020 to 2027.
Biodegradable plastics undergo physical and biological decomposition, eventually breaking down into carbon dioxide (CO2), biomass, and water. In accordance with European packaging standards, they are recoverable through composting and anaerobic digestion. These plastics are manufactured using microorganisms, renewable raw materials, and petrochemicals. They are eco-friendly and non-toxic, produced mainly from natural plant materials like corn oil, orange peels, starch, and plants.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.alliedmarketresearch.com/purchase-enquiry/A07188
In terms of applications, the market is segmented into packaging, agriculture, textile, consumer durable, and others. The packaging segment led the market with over two-thirds of the market share in 2019 and is expected to maintain dominance throughout the forecast period. Meanwhile, the agriculture segment is projected to witness the fastest CAGR of 11.5% from 2020 to 2027.
Geographically, the Europe biodegradable plastics market was led by France in 2019, accounting for about one-fourth of the revenue and is anticipated to maintain its dominance. Conversely, Poland is expected to exhibit the fastest CAGR of 14.6% from 2020 to 2027. Other regions covered include the UK, Germany, Italy, Spain, Romania, Bulgaria, Hungary, Slovakia, Slovenia, Czech Republic, Austria, and the rest of Europe.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/europe-biodegradable-plastics-market/purchase-options
The report profiles key players in the Europe biodegradable plastics market, including Danimer Scientific, Dow Inc., BASF SE, Biotec Pvt. Ltd., Biotrem, Eastman Chemical Company, Hemp Plastic, Minima, Mitsubishi Chemical Holdings, Novamont SpA, and Solanyl Biopolymers.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
Hydrodesulfurization Catalyst Market : https://www.alliedmarketresearch.com/hydrodesulfurization-catalyst-market-A11346
Glass Wafer Market : https://www.alliedmarketresearch.com/glass-wafer-market-A11606
Nanochemicals Market : https://www.alliedmarketresearch.com/nanochemicals-market-A11782
Hydrofluoric Acid Market : https://www.alliedmarketresearch.com/hydrofluoric-acid-market-A11773
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