Pune, Maharashtra -- (SBWire) -- 01/18/2024 --The latest study released on the Global Biodegradable Plastics Market by HTF MI evaluates market size, trend, and forecast to 2030. The Biodegradable Plastics market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include: BASF SE (Germany), Mitsubishi Chemical Corporation (Japan), Novamont S.p.A. (Italy), Corbion N.V. (Netherlands), NatureWorks LLC (United States), Total Corbion PLA (Netherlands), Danimer Scientific (United States), Biome Bioplastics (United Kingdom), FKuR Kunststoff GmbH (Germany), Plantic Technologies Ltd. (Australia), BioLogiQ, Inc. (United States)
According to HTF Market Intelligence, the Biodegradable Plastics Market is Anticipated to grow at a CAGR of 10.2% during the forecast period.
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Definition:
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-organisms. 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. This growth is primarily driven by Increasing Use in Food Packaging & Compostable Bags Applications and The shift in Consumer Preference Toward Eco-Friendly Plastic Products.
Market Trends:
Growing concerns about plastic pollution and environmental sustainability have led to increased awareness among consumers and businesses. This has driven a demand for eco-friendly alternatives, including biodegradable plastics.
Market Drivers:
Increasing awareness and concerns about plastic pollution and its impact on the environment have been a significant driver for the biodegradable plastics market. Consumers, as well as businesses, are seeking alternatives that have a lower environmental footprint.
Market Opportunities:
Favorable regulatory environments and policies supporting the use of biodegradable plastics create opportunities for businesses operating in this market. Governments may offer incentives or impose regulations that encourage the adoption of sustainable packaging materials.
Target Audience:
Analysts and Strategic Business Planners, New Entrants and Investors, Plastic Industry, Packaging Industry, Government Bodies, Others
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Global Biodegradable Plastics market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
- -To carefully analyze and forecast the size of the Biodegradable Plastics market by value and volume.
- -To estimate the market shares of major segments of the Biodegradable Plastics
- -To showcase the development of the Biodegradable Plastics market in different parts of the world.
- -To analyze and study micro-markets in terms of their contributions to the Biodegradable Plastics market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Biodegradable Plastics
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Biodegradable Plastics market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Biodegradable Plastics Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Biodegradable Plastics market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Biodegradable Plastics Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Biodegradable Plastics Market Production by Region Biodegradable Plastics Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Biodegradable Plastics Market Report:
- Biodegradable Plastics Overview, Definition and Classification Market drivers and barriers
- Biodegradable Plastics Market Competition by Manufacturers
- Impact Analysis of COVID-19 on Biodegradable Plastics Market
- Biodegradable Plastics Capacity, Production, Revenue (Value) by Region (2023-2030)
- Biodegradable Plastics Supply (Production), Consumption, Export, Import by Region (2023-2030)
- Biodegradable Plastics Production, Revenue (Value), Price Trend by Type {Oxo-biodegradable, Hydro-biodegradable}
- Biodegradable Plastics Manufacturers Profiles/Analysis Biodegradable Plastics Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
- How feasible is Biodegradable Plastics market for long-term investment?
- What are influencing factors driving the demand for Biodegradable Plastics near future?
- What is the impact analysis of various factors in the Global Biodegradable Plastics market growth?
- What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
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