Quadintel published a recovery-based report for Global “Biobased Biodegradable Plastics Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
Get a complete report on Global Biobased Biodegradable Plastics Market’ (Including Full TOC, 100+ Tables & Figures, and charts). –Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region.
Global Biobased Biodegradable Plastics Market is valued approximately USD $$ billion in 2020 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023 to 2030.
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Most plastics are made from fossil fuels, which contribute to increased greenhouse gas emissions and pollution. Bio-based plastics are fully or partially made from biological resources, rather than fossil raw materials. Biobased Biodegradable is being driven by growing Sustainable Packaging industry and favorable government initiatives & policies. For instance, according to as of 2020, biodegradable plastics, which includes PLA, PHA, starch blends and others, account for approximately 60 percent (over 1.2 million tonnes) of the total global bioplastics production capacities. By the year 2025 the production of biodegradable plastics is expected to increase to 1.8 million. this significant growth would be mainly due to Polyhydroxyalkanoates significant growth rates and new investments for PLA production in the US and in Europe.
Also, in august 2020, Biome Bioplastics (UK’s leading developer of natural plastics) has been awarded funding of USD 0.30 million from the UK Government’s Innovate UK agency to support a new USD 0.39 million collaborative project to scale-up its novel compostable bioplastic materials in collaboration of the University of Nottingham’s Department of Chemical and Environmental Engineering. Also, with the increasing demand from end use industry and Shifting trends towards biodegradable plastics, the adoption & demand for Biobased Biodegradable Plastics is likely to increase the market growth during the forecast period. However, lack of awareness for biobased plastics and low durability as compared to conventional plastics are some of the major factors that impede the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Biobased Biodegradable Plastics market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to increasing demand sustainable packaging solutions in the region. Whereas, North America is anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as increasing adoption of biobased products and presence of leading players in the region would create lucrative growth prospects for the Biobased Biodegradable Plastics market across Asia-Pacific region.
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Major market player included in this report are:
- Natureworks (US)
- BASF (Germany),
- Novamont (Italy),
- Total Corbion (Netherlands),
- Biome Bioplastics (UK),
- Toray Industries (Japan),
- Fkur Kunstsoff (Germany),
- Mitsubishi Chemical Holding Corporation (Japan),
- Danimer Scientific (US),
- Plantic Technologies (Australia)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
polyester
starch blends
poly lactic acid (PLA)
cellulose
polyhydroxyalkanoate (PHA)
other biobased biodegradable plastics
By Application:
packaging
fibres
healthcare
agriculture
others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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