Press release
Sustainable Solutions in Biodegradable Plastics: Market Forecast 2024
Biodegradable Plastics Market Industry
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=5872&type=smp
According to The Business Research Company's, The biodegradable plastics market size has grown rapidly in recent years. It will grow from $5.8 billion in 2023 to $6.83 billion in 2024 at a compound annual growth rate (CAGR) of 17.7%. The growth in the historic period can be attributed to growing concerns for the environment, increasing use of biodegradable plastic and emerging markets growth.
The biodegradable plastics market size is expected to see rapid growth in the next few years. It will grow to $12.88 billion in 2028 at a compound annual growth rate (CAGR) of 17.2%. The growth in the forecast period can be attributed to new product launches, a rise in environmental awareness and government initiatives. Major trends in the forecast period include product innovation, integrating antimicrobial technology in biodegradable polymers, use of biodegradable plastics lightweighting, increasing mergers and acquisitions, use of artificial intelligence and upcycled packaging materials.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/biodegradable-plastics-global-market-report
Market Drivers and Trends:
Growth in concerns for the environment is expected to increase the growth of the biodegradable plastics market. The major growing concern for the environment is plastics. The increase in the use of plastics is a growing concern for the environment. In January 2021, according to the data published by the European Environment Agency, the COVID-19 pandemic caused changes in the consumption, waste, and production of plastics. A recent BCG survey involving 3,000 people across eight countries found that in the wake of the pandemic, people were now more concerned about addressing environmental challenges and were committed to changing their own behaviors to advance sustainability. Almost 40% of respondents said they plan to engage in more sustainable behavior in the future. Therefore, growth in concerns for the environment is expected to drive the biodegradable plastics market.
Product innovations are a key trend gaining popularity in the biodegradable plastics market. Many organizations are launching innovative products in biodegradable plastics, which are cost-effective and sustainable. For example, in July 2021, the Defense Research and Development Organization (DRDO) based in India launched biodegradable packaging products that are manufactured from biodegradable plant-based food-grade materials. They are available in a water-resistant form and can be degraded in three months. These packaging bags are an ocean-safe alternative to single-use plastics and are cost-effective and sustainable.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
3M Company, Compagnie de Saint-Gobain S.A., Avery Dennison Corporation, Toray Industries, Inc, Eastman Chemical Company, Lintec Corporation, Arlon Graphics LLC, Ergis S.A., Hexis S.A., Madico Inc, Garware Polyester Ltd, Sekisui Chemical Co., Ltd, Solar Gard, KDX Window Film, Nexfil, Solar Window Film, The Window Film Company, Opalux, Solar Screen GmbH, Armolan, Bekaert Specialty Films, Global Window Films, Skyfol, XPEL Czech Republic, LLumar, hüper optik, Rayno Window Film, Convenience Group Inc, Window Film, Protex, Insulfilm, Bryan Window Films, Polar Jet Vehicle Polarization, Hanita Coatings, Mist of Miami, Al Shafaf Window Tinting & Car Accessories llc, Totalgard Window Films
Biodegradable Plastics Market 2024 Key Insights:
• The biodegradable plastics market size is expected to see rapid growth in the next few years. It will grow to $12.88 billion in 2028 at a compound annual growth rate (CAGR) of 17.2%.
• Rising Environmental Concerns Propel Growth In The Biodegradable Plastics Market
• Innovative Biodegradable Plastic Products Emerge As Key Trend In Market
• North America was the largest region in the biodegradable plastics market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=5872&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Sustainable Solutions in Biodegradable Plastics: Market Forecast 2024 here
News-ID: 3772403 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Window
Clearview Window Coverings Transforms Homes with Custom Window Treatments
Image: https://www.globalnewslines.com/uploads/2025/05/c5a3eef558f14cacd1f722c16f9d148d.jpg
Clearview Window Coverings, a leading provider of premium window treatments, is revolutionizing home design with its extensive range of Bellingham blinds [https://www.clearviewcoverings.com/], shades, and drapery. Specializing in both indoor and outdoor applications, the company delivers tailored solutions that combine style, functionality, and affordability.
From the initial consultation to final installation, Clearview Window Coverings ensures a seamless and stress-free experience. Customers can enjoy free in-home design consultations, where seasoned professionals provide…
Professional Commercial Window Cleaning Services by Shine Window Cleaning
Shine Window Cleaning delivers expert commercial window cleaning services to enhance businesses' curb appeal and professionalism. Using advanced techniques and equipment, their trained team ensures spotless, streak-free windows for a pristine look.
Shine Window Cleaning provides reliable, high-quality commercial window cleaning [https://maps.app.goo.gl/bD5VqxLozGqTzQuG7#commercial-window-cleaning] services to businesses looking to enhance their curb appeal. Clean windows are essential to any commercial building, offering a professional image and improving the overall atmosphere for employees and…
Winter Window Solutions: Trusted Window Companies in Freeport, NY
Okay, I have a confession: when it comes to winter, I'm a bit of a cold-weather wimp. And let's be real, nobody wants to be stuck inside their home shivering with a blanket wrapped around them because of drafty windows. You know the ones-those single-pane, ancient windows that just breathe cold air into your living room, no matter how many layers you pile on.
Okay, I have a confession: when it…
Window Film Market Booming Worldwide With Leading - 3M, American standard window …
DataM Intelligence has published a new research report on "Window Film Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
Get a Free Sample Research PDF -…
Victor Home Window Tint To Elevated Window Tinting
Image: https://www.getnews.info/uploads/8de7023dc9856d4cb3f4bdbbbc144994.png
Best Window Tinting in
Eastern Idaho And Western Wyoming
Elevated Window Tinting is the top-rated tint shop in Idaho and Wyoming. We pride ourselves on bringing the best window tinting services to our customers throughout the area. Whether you are looking to upgrade your home, business, or vehicle, our team of window tint experts deliver the highest-quality window film and the best installation.Elevated Window Tinting is a locally, owned, and operated…
Clear Vision Ahead: Legends Window Redefines Window Cleaning Standards
Legends Window Cleaning has been causing a stir in the window cleaning sector, establishing fresh standards for quality and professionalism. With a keen emphasis on innovation and ensuring customer delight, the company has transformed the concept of spotless windows.
Legends Window Cleaning [https://ocwindowwashing.com/] has been making waves in the window cleaning industry, setting new benchmarks for excellence and professionalism. Focusing on innovation and customer satisfaction, the company has redefined what it…
