Chemicals Industry Today

Biodegradable Plastics Market - Massive Growth opportunity Ahead| NatureWorks, Biome Bioplastics, Toray Industries

Notable bio-based and biodegradable plastics are polyhydroxyalkanoates (PHAs) and polylactic acid (PLA). Out of the PHAs, poly-3-hydroxyvalerate (PHV) and poly-4-hydroxybutyrate (PHB) are the most known. The hydrophilic nature of these polymers enables also hydro-degradation.
Published 23 October 2023

The Latest research coverage on Biodegradable Plastics Market provides a detailed overview and accurate market size. The study is designed considering current and historical trends, market development and business strategies taken up by leaders and new industry players entering the market. Furthermore, study includes an in-depth analysis of global and regional markets along with country level market size breakdown to identify potential gaps and opportunities to better investigate market status, development activity, value and growth patterns.

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Major & Emerging Players in Biodegradable Plastics Market:- 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)

The Biodegradable Plastics Market Study by AMA Research gives an essential tool and source to Industry stakeholders to figure out the market and other fundamental technicalities, covering growth, opportunities, competitive scenarios, and key trends in the Biodegradable Plastics market.

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.

The titled segments and sub-section of the market are illuminated below: 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)

Market Trends:

The increasing the use of biodegradable plastics in packaging and agriculture

Governments prohibiting the use of single-use plastic coupled with rising awareness among the public regarding ill-effects of plastic waste

Opportunities:

Emerging End-Use Industries of Biodegradable Plastics

The consumers are willing to pay more for biodegradable plastics owing to their eco-friendly nature

Market Drivers:

Increasing Use in Food Packaging & Compostable Bags Applications

The shift in Consumer Preference Toward Eco-Friendly Plastic Products

Challenges:

Performance Issues Related to Biodegradable Plastic

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Some Point of Table of Content:

Chapter One: Report Overview

Chapter Two: Global Market Growth Trends

Chapter Three: Value Chain of Biodegradable Plastics Market

Chapter Four: Players Profiles

Chapter Five: Global Biodegradable Plastics Market Analysis by Regions

Chapter Six: North America Biodegradable Plastics Market Analysis by Countries

Chapter Seven: Europe Biodegradable Plastics Market Analysis by Countries

Chapter Eight: Asia-Pacific Biodegradable Plastics Market Analysis by Countries

Chapter Nine: Middle East and Africa Biodegradable Plastics Market Analysis by Countries

Chapter Ten: South America Biodegradable Plastics Market Analysis by Countries

Chapter Eleven: Global Biodegradable Plastics Market Segment by Types

Chapter Twelve: Global Biodegradable Plastics Market Segment by Applications

What are the market factors that are explained in the Biodegradable Plastics Market report?

– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.

– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.

– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

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