openPR Logo
Press release

Biodegradable Plastic Bags and Sacks Market - Substantial Benefits of Biodegradable Plastics made from PHAs to Contribute to their Dominant Demand

11-07-2017 10:09 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The wide versatility of the use of plastics in bags and sacks and their inadequate disposal have added to the vastly rising pollution problem of traditional, petroleum-based plastics world over. Made from a variety of all-natural plant materials such as polylactic acids (PLAs), polyhydroxyalkanoates (PHAs), and corn, biodegradable bags and sacks also contain additives to facilitate degradation and hence pose lesser impact on the ecology in general and marine life in particular. These bags are being preferred over conventional plastic products, notably for the food packaging and fast-moving consumer goods. Furthermore, the use of biodegradable plastics is found to be promising in addressing the problem of plastics pollution in several developed and emerging countries, which is expected to catalyze the growth of the market. The substantial demand for ecofriendly and reusable plastic sacks and bags in the retail industry is a prominent factor bolstering the adoption of these bags. The declining price of key raw materials used in making biodegradable plastics in several countries is likely to bode well for the market.

Get an exclusive sample of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=33395

The global biodegradable plastic bags and sacks market is estimated to clock a CAGR of 6.9% during 2017–2022. The market is anticipated to be worth US$1,470.5 Mn by 2017 end and is projected to reach US$2,052.2 Mn by the end of the assessment period.

The various types of materials used in making biodegradable plastic bags and sacks are PLA, PHA, and starch blends. Of these, the PHA material segment dominates the market, holding a major share of 35.9% in 2017. The segment is projected to rise from a valuation of US$565.5 Mn to reach US$788.7 Mn by the end of 2022, representing a share of 36.1% of the market. The PHA segment is estimated to expand at a CAGR of 6.9% during 2017–2022. The annual growth of the segment is pegged at US$44.7 Mn over 2017–2022, representing an absolute growth greater than all other material segments. The dominant adoption of polyhydroxyalkanoates is attributed to their better degradability and the possibility of a wide variety of their applications in making biodegradable plastic bags and sacks. In addition, blending them with polymers has been proven to be cost-effective for manufacturers, which is likely to bolster their uptake.

Browse Press Release of this Research Report @ https://www.transparencymarketresearch.com/biodegradable-plastic-bags-sacks-market.html

Europe to be at Forefront of Global Market throughout Assessment Period

The major regional markets for biodegradable plastic bags and sacks are North America, the Middle East and Africa (MEA), Latin America, Asia Pacific excluding Japan (APEJ), Japan, and Europe. Of these, Europe leads the pack currently and is likely to retain its dominance in the coming years as well. The prominence of this regional market is attributed to the extensive demand for eco-friendly and recyclable plastic packaging for industrial applications. In addition, the soaring awareness of the pollution problem associated with the use of bags made from traditional plastics is a striking factor boosting the regional market. The Europe biodegradable plastic bags and sacks market is anticipated to reach a valuation of US$660.8 Mn by 2022 end, rising at a CAGR of 7.1% during 2017–2022. The demand for photodegradable and oxydegradable plastics in several developed countries is also bolstering the uptake.

Asia Pacific Market excluding Japan to Rise at Attractive Pace

The APEJ biodegradable plastic bags and sacks market is expected to reach valuation of US$503.8 Mn by 2022 end, rising at a notable CAGR of 7.8% during the forecast period. The vastly rising demand for biodegradable plastic bags and sacks in this region is expected to mainly come from a burgeoning retail sector.

Competitive Analysis

A number of emerging and established players are focused on launching high-performance products and resorting to mergers and acquisitions, in order to gain a better foothold in the global biodegradable plastic bags and sacks market. Prominent players operating in the market include Novolex, Shabra Group, Xtex Polythene Ltd., International Plastics Inc., Ampac Holdings LLC, Bulldog Bag Ltd., Abbey Polyethene, Sahachit Watana Plastic Industry Co.,Ltd., Sarah Bio Plast, Symphony Polymers Pvt Ltd., EXTRAPACK Ltd., Dagoplast AS, JUNER Plastic packaging Co., and Wells Plastics Ltd.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

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 Plastic Bags and Sacks Market - Substantial Benefits of Biodegradable Plastics made from PHAs to Contribute to their Dominant Demand here

News-ID: 804854 • Views: 141

More Releases from Transparency Market Research

Wind Turbine Operations and Maintenance Market Demand and Growth Analysis with F …
Overview TMR’s report on the Wind Turbine Operations and Maintenance Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Wind Turbine Operations and Maintenance Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Wind
Petroleum Coke Market Shares, Strategies and Opportunities 2020
Overview TMR’s report on the Petroleum Coke Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Petroleum Coke Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Petroleum Coke Market over the forecast period.
Bunker Fuel Market Segmentation and Forecast Analysis up to 2020
Overview TMR’s report on the Bunker Fuel Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Bunker Fuel Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Bunker Fuel Market over the forecast period.
Concentrated Solar Power Market Detailed Analysis and Forecast up to 2020
Overview TMR’s report on the Concentrated Solar Power Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Concentrated Solar Power Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Concentrated Solar Power Market over

All 5 Releases


More Releases for Plast

2019 Polycarbonate Sheets Market | By Key Players: SABIC, Covestro, Palram Indus …
Polycarbonate Sheets Market research report covers the data which is helpful for key players, product scope, market overview, market opportunities, market risk, market driving force, technological advancement, distributors, traders, dealers, research findings. These data representations provide predictive data regarding the future estimations for convincing market growth. Download PDF Sample of this Report @ https://www.reporthive.com/enquiry.php?id=1785225&req_type=smpl&utm_source=SN Global Polycarbonate Sheets market competition by top manufacturers, • SABIC • Covestro • Palram Industries • UG-Plast • Plazit Polygal • Gallina • Koscon Industrial • Brett Martin • Carboglass • SafPlast • Arla Plast AB • Giplast • DS Smith and more… This
Rotomoulding Powder market 2018-19 D&M plastics,Kiel Industries ,Greenage Indust …
Rotomoulding Powder market Competitor Analysis: Global Rotomoulding Powder market 2019 by Future Market Reports presents a professional and complete analysis of on the current Industry situation. The Global report includes Rotomoulding Powder Revenue, market Share, industry volume, Trends, Growth aspects. It analyses the important factors of the based on present industry situations, demands, business strategies utilized by Rotomoulding Powder market players and the future prospects from various angles in detail. Industry
Global Polycarbonate Panels Market Insights, Forecast to 2025 : Brett Martin, Ji …
Researchmoz added Most up-to-date research on "Global Polycarbonate Panels Market Insights, Forecast to 2025" to its huge collection of research reports. This report researches the worldwide Polycarbonate Panels market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Polycarbonate Panels breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth
GLOBAL TUMBLE MIXERS MARKET 2018 by Strategy of Leading Vendors - ENGIN PLAST, I …
Press Release - 29 June 2018 Research and Development News -- . . Latest Update "Global Tumble Mixers Market Professional Survey Report 2018" with Industries Survey | Global Current Growth and Future. ' ' - This report studies the global Tumble Mixers market status and forecast, categorizes the global Tumble Mixers market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan,
Global Airbag Electronics market 2018 - Ashimori, Hyundai Mobis, Ningbo Joyson E …
Apex Market Reports, recently published a detailed market research study focused on the "Airbag Electronics Market" across the global, regional and country level. The report provides 360° analysis of "Airbag Electronics Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Airbag Electronics industry, and estimates the future trend of Airbag Electronics market
Global Plastic Pipe Industry Report 2017 : Wefatherm, Hydro-Plast, Zhongcai, Aqu …
Qyresearchreports include new market research report "Global Plastic Pipe Industry Report 2017" to its huge collection of research reports. The global Plastic Pipe market is a highly dynamic market, witnessing constant changes at a frequent pace. Focusing on these frequent changes, this research study offer a detailed analysis of the performance of this market during the period from 2017 to 2022. In this market study, research analysts have identified the