Press release
Biodegradable Plastics Market Seeking Excellent Growth| Biome Bioplastics, Plantic Technologies, NatureWorks, BASF
The latest research study released by AMA on the Biodegradable Plastics Market offers over 181+ pages of analysis on business strategies employed by key and emerging industry players. It provides insights into current market developments, landscape, technologies, drivers, opportunities, market outlook, and status. The market study is segmented by key regions driving market growth. The Biodegradable Plastics study combines qualitative and quantitative market data, primarily collected and validated through primary and secondary sources.Some are the key & emerging players that are part of coverage and have being profiled are NatureWorks (United States), BASF (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical (Japan), Biome Bioplastics (United Kingdom), Plantic Technologies (Australia), Bio-On (Italy), Danimer Scientific (Georgia), Novamont S.p.A (Italy), Toray Industries (Japan).
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Biodegradable plastic is a plant-based plastic with no hazardous effects on the environment. It degrades naturally in base compounds in a reasonable amount of time. Hence, plastic, defined as biodegradable, is made of molecules that can break down naturally by the action of micro-organism. Despite environmental advantages, biodegradable plastics also have some shortcomings. Segregation of conventional plastics and biodegradable plastic is a big drawback as there is no distinct difference between them. The inclusion of conventional plastic in biodegradable plastic landfills can cause complications in the decomposition process.
According to AMA, the market for Biodegradable Plastics is expected to register a CAGR of 13.3% during the forecast period to 2026. This growth is primarily driven by Increasing Use in Food Packaging & Compostable Bags Applications and The shift in Consumer Preference Toward Eco-Friendly Plastic Products.
Opportunities:
• The consumers are willing to pay more for biodegradable plastics owing to their eco-friendly nature
Influencing Market Trend:
• Governments prohibiting the use of single-use plastic coupled with rising awareness among the public regarding ill-effects of plastic waste
Market Drivers:
• The shift in Consumer Preference Toward Eco-Friendly Plastic Products
Challenges:
• Performance Issues Related to Biodegradable Plastic
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Analysis by Type (Polylactic Acid (PLA) Biodegradable Plastics, Polyhydroxyalkanoates (PHA) Biodegradable Plastics, Polybutylene Succinate (PBS) Biodegradable Plastics, Polycaprolactone (PCL) Biodegradable Plastics, Starch-based Biodegradable Plastics, Regenerated Cellulose Biodegradable Plastics), Application (Packaging & Bags, Consumer Goods, Agriculture & Horticulture, Textile, Others)
Competitive Landscape Highlighting Important Parameters That Players Are Gaining Along With the Market Development/Evolution
• % Market Share, Segment Revenue, Swot Analysis for each profiled company [NatureWorks (United States), BASF (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical (Japan), Biome Bioplastics (United Kingdom), Plantic Technologies (Australia), Bio-On (Italy), Danimer Scientific (Georgia), Novamont S.p.A (Italy), Toray Industries (Japan)]
• Business overview and Product/Service classification
• Product/Service Matrix [Players by Product/Service comparative analysis]
• Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
• Consumption, Capacity & Production by Players
The regional analysis of Global Biodegradable Plastics Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2032.
Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers
Read Executive Summary And Detailed Index Of Full Research Study 👉 https://www.advancemarketanalytics.com/reports/31669-global-biodegradable-plastics-market?utm_source=Lal_OpenPR&utm_id=Lal
Highlights of The Report
• The future prospects of the global Biodegradable Plastics market during the forecast period 2024-2032 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Biodegradable Plastics market.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
Contact Us:
Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA - 08837
Phone: +1 551 333 1547, +44 2070 979277
sales@advancemarketanalytics.com
About Author: Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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