Biodegradable Plastics Market (By Type: Starch Based, PLA, PBS, PBAT, PHA, Others; By End use: Packaging, Agriculture, Consumer Goods, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 160

Introduction

The global biodegradable plastics market size is anticipated to around USD 7.7 billion by 2026, this market is anticipated to grow with 13.5% CAGR during the forecast time period. Also, surge in need for better deposable plastic drive the global Biodegradable plastics market during the coming years.

Market Dynamics

Governments restricting the utilization of single-utilize plastic combined with rising mindfulness among open in regards to sick impacts of plastic waste are among the key patterns animating business sector development. Also, expanding utilization of biodegradable plastics in packaging and horticulture is foreseen to enhance the development of the segment.

Non-decomposable plastics are a worldwide issue. Governments around the globe are handling this issue by prohibiting single-use plastics and advancing utilization of biodegradable plastics. In addition, purchasers will pay more for biodegradable plastics inferable from their eco-accommodating nature. The previously mentioned variables, cummulatively, are giving a fillip to the market.

Market Insights

The starch based segment lead the worldwide biodegradable market. Starch based plastics are utilized in different applications, for example, packaging, buyer hardware, agribusiness, car and materials. PLA is likewise a standout amongst the most devoured biodegradable plastic sort. It is utilized in 3D printing, mulch film, and packaging.

Packaging is the main end utilization of biodegradable plastics. Restriction on plastics by European Commission is foreseen to drive the portion over the coming years. Novel uses of biodegradable plastics in the therapeutic area for medication exemplification and restorative medical procedures are by and large progressively drilled.

Market Segmentation

Market ByType

  • Starch Based
  • PLA
  • PBS
  • PBAT
  • PHA
  • Others

Market By End use

  • Packaging
  • Agriculture
  • Consumer Goods
  • Others

Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Regional Insights

Europe was the biggest territorial market for biodegradable plastics in 2018. High mindfulness among individuals towards plastic waste combined with European Union restriction on single-use plastics is assessed to move the provincial market over the estimate time frame. Then again, Asia Pacific is relied upon to develop as the quickest developing business sector in the worldwide field. Rising disposable income and enhancing way of life in creating nations, for example, China and India are foreseen to enlarge the market in the region. The Central and South America district additionally developing as promising goal in the market. Accessibility of shoddy crude materials is probably going to foreshadow well for the market in the district. The district is anticipated to enlist a CAGR of 12.9% amid the estimate time frame.

Market Participants

Player’s rivalry in the biodegradable plastics market fluctuates from low to medium from region to region. Competition in Europe and North America is medium attributable to an expansive number of players. On the other side, aggressive competition in Asia Pacific is low because of less market players. Nonetheless, the interest for biodegradable plastic is ready to increment in both created and creating markets. Key market players are emptying robust assets into research and advancement to present novel biodegradable plastic items, which are solid and promptly degradable in the indigenous habitat. The key players catering to the global Biodegradable plastics market are Biome Technologies Plc, Cargill Incorporated, NatureWorks LLC and BASF SE. Significant strategic initiatives undertaken by global businesses include partnerships, new product launch, acquisitions.


Related Reports

Lignin Market (By Product: Ligno-sulphonates, Organosolv Lignin, Kraft Lignin, Others; By Application: Macromolecules, Aromatics) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global lignin market value is expected to reach around US$ 907.1 million by 2026 and forecasted to grow at a CAGR of 2% over the time frame 2019 to 2026. The report provides analysis of global lignin market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights The worldwide lignin industry is evolving at a good pace, with a favorable develop

Graphene Market (By Product: Graphene nanoplatelets, Graphene oxide, Others; By Application: Electronics, Composites, Energy, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global graphene market is forecasted to grow at a CAGR around 38.2% over the forecast time frame 2019 to 2026 and reach around US$ 552.6 million by 2026. The report provides analysis of global Graphene market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Increasing demand for lightweight and durable products for different parts, incl

Acetic Acid Market (By Manufacturing Process: Synthetic route{ Methanol carbonylation, Terephthalic/isophthalic acid coproduct, Paraffin oxidation, Oxidation of hydrocarbons, Olefin oxidation}, Biological route; By Application: Vinyl acetate monomer, Monochloroacetic, Acetic anhydride, Terephthalic acid, Acetate esters, Dimethylacetamide, Ketene, Textiles, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global acetic acid market size is expected to worth around US$ 16.4 billion by 2026 and forecasted to grow at striking CAGR around 6.2% over the forecast time frame 2019 to 2026, According to Acumen Research and Consulting. The report provides analysis of global acetic acid market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Also re

Hydrogen Peroxide Market (By End User: Mining, Chemical, Paper & pulp, Wastewater Treatment and Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global hydrogen peroxide market size is expected to reach around US$ 6.3 billion by 2026 and forecasted to grow at a CAGR of 5.2 % over forecast period 2019 to 2026. Hydrogen peroxide or H2O2 was identified in 1818 as a chemical compound. It is a transparent liquid that is used mainly in diverse sectors because of its superior bleaching properties. This chemical compound is marginally more viscous than wate

Chondroitin Sulfate Market (By Source: Bovine, Swine, Poultry, Shark, Synthetic; By Application: Dietary Supplements, Pharmaceutical, Cosmetics, Veterinary Use) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global chondroitin sulfate market size is anticipated to worth around US$ 1.5 billion by 2026 and growing at a CAGR of 3.3 % over the forecast time period 2019 to 2026. Chondroitin sulfate is also regarded as glycosaminoglycan sulfated glucose (GAG). Chondroitin sulfate comprises a large alternating sugar chain including glucuronic acid and N-acetylgalactosamine. Chondroitin sulfate is a chemical compound d

Biological Seed Treatment Market (By Product: Microbials, Botanicals and Others; By Function: Seed Enhancement, Seed Protection; By Crop Type: Vegetable Crops, Wheat, Corn, Soybean, Sunflower, Cotton, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

Introduction According to Acumen Research and Consulting, the global biological seed treatment market size is expected to worth around US$ 2 billion by 2026 and to grow at striking CAGR around 11.2 % from 2019 to 2026. The report provides analysis of global Biological Seed Treatment market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Ins

Cart Summary