Biodegradable Plastics Market Size Was Valued at USD 4.41 Billion in 2023, and is Projected to Reach USD 8.89 Billion by 2032, Growing at a CAGR of 8.1% From 2024-2032.
Biodegradation is the property of a material that can be completely converted into water, CO2, and biomass by the action of microorganisms such as fungi and bacteria. Biodegradable plastics can be decomposed by microorganisms present in the environment by penetrating the microbial food chain. Biodegradable plastics can be decomposed by the action of living organisms, usual microbes, carbon dioxide, into the water, and biomass. Biodegradable plastics are produced with microorganisms, renewable raw materials, and petrochemicals. In addition, the potential of biodegradable plastics and more specifically that of polymers derived from renewable resources such as polysaccharides (e.g., starch) have been known for long time. However, these biodegradable plastics have been widely used in some and have not yet found massive applications in the packaging industries to put back conventional plastic materials, although they could be an interesting way to reduce the limitation of the petrochemical resources in the future.
Top Key Players involved are:
BASF SE, Dow Inc., Novamont S.p.A., Plantic, Natureworks, Corbion N.V., Biome Technologies plc, Mitsubishi Chemical Holdings, Eastman Chemical Company, Danimer Scientific and other major players.
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The latest report on the Biodegradable Plastics Market provides a detailed analysis of the market for the years 2024 to 2032. It presents a comprehensive overview of the global Biodegradable Plastics industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Biodegradable Plastics market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.
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Segmentation of Biodegradable Plastics Market:
By Type
- Polybutylene Adipate Terephthalate [PBAT]
- Polybutylene Succinate [PBS]
- Polyhydroxyalkanoates [PHA]
- Starch Blends
- Others
By Application
- Packaging
- Agriculture
- Consumer Durable
- Textile
- Others
An in-depth study of the Biodegradable Plastics industry for the years 2024–2032 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report's segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers' values, needs, and buying inclinations, are integral parts of any thorough market analysis.
Biodegradable Plastics Market Trend:
Rising Environmental Concerns and Regulatory Support
Due to an increase in public concern regarding the plastic waste generation and environmental hazard, various nations are establishing increasingly stringent laws, which enforce and promote biodegradable plastics for use, especially because these breakdown faster and exert a relatively much smaller impact on the environment relative to regular plastics. Other territories are now starting to eliminate all single-use plastic products altogether and are fueling the growing needs for biodegradable ones instead.
By Regions: -
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Biodegradable Plastics Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
𝐏𝐨𝐢𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 𝐨𝐟 Biodegradable Plastics 𝐌𝐚𝐫𝐤𝐞𝐭:
Chapter 01 - Biodegradable Plastics Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Biodegradable Plastics Market - Pricing Analysis
Chapter 05 - Biodegradable Plastics Market Background or History
Chapter 06 - Biodegradable Plastics Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Biodegradable Plastics Market
Chapter 08 - Biodegradable Plastics Market Structure & worth Analysis
Chapter 09 - Biodegradable Plastics Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Biodegradable Plastics Market Research Method
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