Biodegradable Plastics Market size is valued at USD 12.29 billion by 2027 and is expected to grow at a compound annual growth rate of 15% for the forecast period of 2021 to 2027.
Biodegradable plastics are plant-based plastics that have no harmful effects on the environment. It breaks down naturally from basic compounds in a reasonable amount of time. Plastics, thus defined as biodegradable, consist of molecules that can be degraded naturally by the action of microorganisms. The main types of known biodegradable plastics are polylactic acid (PLA), polybutylene adipate terephthalate (PBAT), polybutylene succinate (PBS), polyhydroxyalkanoate (PHA), and starch blends.
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A full report of Global Biodegradable Plastics Market is available at: https://www.orionmarketreports.com/biodegradable-plastics-market/58316/
Market Segments
By Type
- PLA (POLYLACTIC ACID)
- PBAT (POLYBUTYLENE ADIPATE TEREPHTHALATE)
- PBS (POLYBUTYLENE SUCCINATE)
- PHA (POLYHYDROXYALKANOATES)
- Starch Blends
- Others
By Application
- Packaging
- Agriculture
- Consumer Durable
- Textile
- Others
Key Players
- NatureWorks (US)
- BASF (Germany)
- Total Corbion PLA (Netherlands)
- Mitsubishi Chemical (Japan)
- Biome Bioplastics (UK)
- Plantic Technologies (Australia)
- Bio-On (Italy)
- Danimer Scientific (Georgia)
- Novamont S.p.A (Italy)
Scope of the Report
The research study analyzes the global Biodegradable Plastics industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Biodegradable Plastics Market Report
1. What was the Biodegradable Plastics Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Biodegradable Plastics Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Biodegradable Plastics Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Biodegradable Plastics market.
- The market share of the global Biodegradable Plastics market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Biodegradable Plastics market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Biodegradable Plastics market.
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