openPR Logo
Press release

Biodegradable Plastics Market: Comprehensive Overview of the USD 9.55 Billion Revenue by 2030 at CAGR: 9.8%

07-02-2024 02:56 PM CET | Chemicals & Materials

Press release from: Polaris Market Research & Consulting

Biodegradable Plastics Market

Biodegradable Plastics Market

With a compound annual growth rate (CAGR) of 9.8%, the global biodegradable plastics market is expected to reach a value of over USD 9.55 billion by 2030 from an estimated USD 4.16 billion in 2021.

Biodegradable plastic is a plastic which devalues under biological action. A few biodegradable plastics are compostable, which indicates that they devalue under regulated conditions such as taking place at compost locations. Varied biodegradable plastics only devalue under specific and assessed conditions, but the majority require industrial composting provisions, which are the rational goals. They might biodegrade in an unsecured environment, but the momentum at which it takes place is extensive, and connected test procedures are not adequately defined and invariably welcomed.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/biodegradable-plastics-market/request-for-sample

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐…๐š๐œ๐ญ๐จ๐ซ๐ฌ

โ€ข The biodegradable plastics industry is expected to witness significant prospects due to factors such as escalated packaging trends of consumer goods and beverages and a rise in population globally.
โ€ข The surge in environmental consciousness escalated awareness in the context of the usage of sustainable substances, and the instigation of inventive commodities by dominant industry players additionally expanded market growth.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐จ๐ง ๐‚๐š๐ญ๐ž๐ ๐จ๐ซ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง

The spearheading firms in the market are instigating contemporary commodities to serve the escalating consumer demand. Key companies in the biodegradable plastics market are mentioned below:

โ€ข Amcor Limited
โ€ข BASF
โ€ข BioGreen
โ€ข Biome Bioplastics
โ€ข Cardia Bioplastics Ltd.
โ€ข Cargill Incorporated
โ€ข Cereplast Inc.
โ€ข Danimer Scientific
โ€ข Eastman Chemical Company
โ€ข Mitsubishi Chemical Holding Corporation
โ€ข NatureWorks
โ€ข Novamont
โ€ข Plantic Technologies
โ€ข Toray Industries
โ€ข Trineso

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/1399/2

๐๐ข๐จ๐๐ž๐ ๐ซ๐š๐๐š๐›๐ฅ๐ž ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข Polylactic Acid (PLA) accounted for a significant share in 2021 owing to its wide use in packaging, agriculture, and textiles
โ€ข The packaging segment contributed majorly to the market revenue owing to increasing disposable income of consumers, growth in e-commerce platforms, and concerns regarding packaging waste
โ€ข Europe is expected to grow at a significant rate during the forecast period on account of increasing environmental concerns and stringent government regulations

๐†๐ž๐จ๐ ๐ซ๐š๐ฉ๐ก๐ข๐œ๐š๐ฅ ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž

The regions covered in the report are Europe, North America, Asia Pacific, Middle East & Africa, and Latin America. Also, according to the study, Europe held the largest biodegradable plastics market share. Escalating demand across several end-use industries, such as agriculture, packaging, textiles, and consumer goods, is largely responsible for the segment market's rise. Elements such as the existence of strict environmental directives and escalating environmental worries reinforce market growth. Market players have appended many contemporary manufacturing provisions to serve the escalating demand for biodegradable plastics in the region. Consumers are growingly inclined towards the intake of sustainable commodities.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/biodegradable-plastics-market

๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ก๐š๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ญ๐ก๐ž ๐›๐ข๐จ๐๐ž๐ ๐ซ๐š๐๐š๐›๐ฅ๐ž ๐ฉ๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐š๐ฌ๐ž๐ ๐จ๐ง ๐ญ๐ฒ๐ฉ๐ž, ๐š๐ง๐ ๐ž๐ง๐-๐ฎ๐ฌ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:

๐๐ข๐จ๐๐ž๐ ๐ซ๐š๐๐š๐›๐ฅ๐ž ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ, ๐“๐ฒ๐ฉ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ– - ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ)
โ€ข Polylactic Acid [PLA]
โ€ข Polybutylene Succinate [PBS]
โ€ข Starch Blends, Polybutylene Adipate Terephthalate [PBAT]
โ€ข Polyhydroxyalkanoates [PHA]
โ€ข Others

๐๐ข๐จ๐๐ž๐ ๐ซ๐š๐๐š๐›๐ฅ๐ž ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ, ๐„๐ง๐-๐”๐ฌ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ– - ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ)
โ€ข Packaging
โ€ข Textile
โ€ข Consumer Goods
โ€ข Agriculture
โ€ข Others

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Renewable Chemicals Market: https://www.polarismarketresearch.com/industry-analysis/renewable-chemicals-market

Pressure Sensitive Tapes Market: https://www.polarismarketresearch.com/industry-analysis/pressure-sensitive-tapes-market

Thermoplastic Polyolefin (TPO) Market: https://www.polarismarketresearch.com/industry-analysis/thermoplastic-polyolefin-market

Thermal Interface Materials Market: https://www.polarismarketresearch.com/industry-analysis/thermal-interface-materials-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Biodegradable Plastics Market: Comprehensive Overview of the USD 9.55 Billion Revenue by 2030 at CAGR: 9.8% here

News-ID: 3562128 • Views: โ€ฆ

More Releases from Polaris Market Research & Consulting

Granite Market Projected to Reach USD 6.63 Billion by 2034, Growing at a CAGR of 5.2%
Granite Market Projected to Reach USD 6.63 Billion by 2034, Growing at a CAGR of โ€ฆ
Polaris Market Research has released new insights into the Granite market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors. Market at a Glance In 2024, the market was valued at USD 3.99 billion and is anticipated to grow to USD 6.63 Billion by 2034. Itโ€ฆ
Molecular Diagnostics for Sexually Transmitted Diseases Market to Reach USD 7.85 Billion by 2034, Growing at a CAGR of 7.5%
Molecular Diagnostics for Sexually Transmitted Diseases Market to Reach USD 7.85 โ€ฆ
Polaris Market Research announces the release of its latest study on the Molecular Diagnostics For Sexually Transmitted Diseases market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape. According to the findings, the market stood at 3.82 billion in 2024 and is expected toโ€ฆ
Higher Alpha Olefins Market Projected to Hit USD 20.01 Billion by 2034, Expanding at a CAGR of 6.8%
Higher Alpha Olefins Market Projected to Hit USD 20.01 Billion by 2034, Expandin โ€ฆ
Polaris Market Research announces the release of its latest study on the Higher Alpha Olefins market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape. According to the findings, the market stood at 10.39 billion in 2024 and is expected to reach 20.01 billionโ€ฆ
Direct Oral Anticoagulants (DOACs) Device Market to Reach USD 64.83 Billion by 2034, Growing at a CAGR of 7.44%
Direct Oral Anticoagulants (DOACs) Device Market to Reach USD 64.83 Billion by 2 โ€ฆ
Polaris Market Research announces the release of its latest study on the Direct Oral Anticoagulants (DOACs) Device market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape. According to the findings, the market stood at 31.67 billion in 2024 and is expected to reachโ€ฆ

All 5 Releases


More Releases for Biodegradable

Biodegradable Films Market Beyond Plastic: Biodegradable Films Market Drives Eco โ€ฆ
Biodegradable Films Market to reach over USD 1,766.36 Mn by the year 2031 - Exclusive Report by InsightAce Analytic "Biodegradable Films Market" in terms of revenue was estimated to be worth $1,091.28 Mn in 2023 and is poised to reach $1,766.36 Mn by 2031, growing at a CAGR of 6.41% from 2023 to 2031 according to a new report by InsightAce Analytic. Get Free Sample Report @ https://www.insightaceanalytic.com/request-sample/1618 Latest Drivers Restraintโ€ฆ
Biodegradable Cup Market Set for More Growth : Biodegradable Food Service, AmerC โ€ฆ
Advance Market Analytics published a new research publication on "Biodegradable Cup Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Biodegradable Cup market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample Copy ofโ€ฆ
Biodegradable Mg-Alloy Implant market: Technological Advancements in 2022 | Biod โ€ฆ
"The global Biodegradable Mg-Alloy Implant Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Biodegradable Mg-Alloy Implant Market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities ofโ€ฆ
Global Biodegradable plastic Market
Biodegradable plastic is made using raw materials or petrochemicals and can be decomposed by living organisms such as bacteria. Biodegradable plastic takes less time to break down as it is made up of eco-friendly material and requires less energy for production. The global Biodegradable Plastic Market is facing challenges due to the COVID-19 pandemic as the manufacturing facilities and supply chain of many organizations is at a halt. The increasingโ€ฆ
Global Biodegradable Films Market Report
The global biodegradable films market is projected to grow at a CAGR of 6.1 percent in the forecast years, according to a recent research report gathered by the Global Market Estimates. Browse 167 Market Data Tables and 97 Figures spread through 188 Pages and in-depth TOC on "Biodegradable Films Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/global-biodegradable-films-market-2518 By Type (PLA, Biodegradable Polyester, PHA, Starch Blends, Others), By Application (Food Packaging, Agriculture & Horticulture,โ€ฆ
Biodegradable Polymers Market 2019-2025 Worldwide Key Players : Aquapak Polymers โ€ฆ
Adroit Market Research published a study on the โ€œGlobal Biodegradable Polymers Market Size 2017 By Production (Starch-based, Polylactic acid (PLA), Polyhydroxyalkanoates (PHA), Synthetic), By Application (Packaging, Loose fill, Bags and sacks, Fibre, Others), By Region and Forecast 2018 to 2025โ€. The global biodegradable Polymers market size is estimated based on the ongoing trend of bioplastic and consumption patterns of the bioPolymerss across the globe. The report also provides the variousโ€ฆ