Industries > Construction > Global Biodegradable Plastics Market 2019-2029

Global Biodegradable Plastics Market 2019-2029

Global Biodegradable Plastics Market by Type (Starch blends, PLA, PHA, Biodegradable Polymers), by End User (Packaging, Consumer Goods, Agriculture, Textile), Global Opportunity Analysis and Industry Forecast

PAGES: 310
PRODUCT CODE: MAT0098

DOWNLOAD FREE SAMPLE
Clear
WOOCS 2.2.1
SKU: MAT0098 Categories: , , Tag:

Market Definition:
• Biodegradable plastics are plastics made from traditional petrochemicals or with certain renewable resources.
• Biodegradable plastics are of two types namely; oxo-biodegradable and hydro-biodegradable.
• These plastics contain additives that cause them to break down more quickly compared to the conventional plastics and be decomposed by the action of living organisms, such as bacteria.
• Its ability to decay rapidly in the presence of light and oxygen makes it more environment friendly.

Market Overview and Trends
• With advancements in the technology and increasing population, the use of plastics has widely increased in various industries.
• The traditional or conventional plastic material are non-biodegradable and pose harmful effects on environment.
• This encouraged development of biodegradable plastics as an effective alternative for the traditional practices.
• Though these plastic materials are widely accepted, number of disputes were created regarding the betterment of these products.
• In 2014, some associates of the European Parliament tried to bring a complete ban on oxydegradable plastics in the European Union.
• Such actions resulted in more detailed study of the biodegradable plastics to confirm their affectivity.
• Not all types of biodegradable plastic can break down completely under soil or water conditions, however researchers say that if managed carefully, the biodegradable plastic blends are expected to create new possibilities for handling plastic waste.

Market Dynamics:

Factors Influencing the Market Growth:
• Globally, governments are prohibiting use of plastic based products and compelling people to use alternative products that would be less harmful to the environment.
• Governments are also taking waste management initiatives that focus on enhancing the use of bio-based products.
• Based on this, consumer preference is also changing and shifting towards eco-friendly products.
• Growing packaging and agriculture industry is also highly contributing to the growth of this market.
• Growing research and development to improve the properties of these products and technological advancements are some of the additional factors propelling the growth of biodegradable plastics market during the forecast period.

Factors Restraining the Market Growth:

• High cost of biodegradable plastics
• Concerns with affectivity of biodegradable plastics products

Market Segmentation 2019-2029:

Type
• Starch Blends Market, 2019-2029
• PLA Market, 2019-2029
• PHA Market, 2019-2029
• Biodegradable Polymers Market, 2019-2029
• Others Market, 2019-2029

Biodegradable Polymers
• PCL Market, 2019-2029
• PBAT Market, 2019-2029
• PBS Market, 2019-2029

End User
• Packaging Market, 2019-2029
• Agriculture Market, 2019-2029
• Consumer Goods Market, 2019-2029
• Textile Market, 2019-2029
• Others Market, 2019-2029

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• LAMEA Market, 2019-2029

Competitive Analysis:
• The companies operating in the biodegradable plastics market mainly focus on research and development and product launches as their primary growth strategies.
• Key players also collaborate with government organizations to conduct research studies and develop innovative products that would enhance their product offerings.
• Companies also adopt strategic collaborations and partnerships to improve their market presence.
• In January 2019, Nestle partnered with Danimer Scientific to develop biodegradable water bottle. Such development enables companies to gain significant market share in the global market.

Major Market Players:
NatureWorks, Braskem, Biome Bioplastics, Bio-On, Novamont, BASF, Total Corbion PLA, Toray Industries, Plantic Technologies, and Mitsubishi Chemical Corporation.

Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6

Download sample pages

Complete the form below to download your free sample pages for Global Biodegradable Plastics Market 2019-2029


Download sample pages

Complete the form below to download your free sample pages for Global Biodegradable Plastics Market 2019-2029


Latest Construction news

Visiongain Publishes High Temperature Composite Resin Market Report 2021-2031

The penetration of lightweight composites in the development of advanced engine technology requiring high thermal stability fueled the growth of high temperature matrix systems.

19 July 2021

READ

Visiongain Publishes Building Thermal Insulation Market Report 2021-2031

The adoption of new standards can have a significant impact on the insulation industry, as observed in Russia and Mexico in the near future—quantifying this impact, however, is difficult and extremely speculative.

14 July 2021

READ

Visiongain Publishes Ball Valves Market Report to 2031

Increased demand for valves from healthcare & pharmaceuticals industries and growing investment in research & development are some of the major factors driving the market growth.

06 May 2021

READ

Visiongain Publishes Carbon Fibre Reinforced Plastic (CFRP) Composites Market Report 2021-2031

Increasing demand from aerospace segment is one of the major reasons behind this market growth. The cost of carbon fibres is directly proportional to the cost of precursor raw materials from which they are obtained.

12 April 2021

READ

Categories