Biodegradable Plastics Market to Witness Huge Growth by 2026 | BASF, Mitsubishi Chemical, Novamont

HTF Market Intelligence released a new research report of 169 pages on title ‘Global Biodegradable Plastics Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027’ with detailed analysis, forecast and strategies. Some of the Major Key players profiled in the study are NatureWorks (United States), BASF (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical (Japan), Biome Bioplastics (United Kingdom), Plantic Technologies (Australia), Bio-On (Italy), Danimer Scientific (Georgia), Novamont S.p.A (Italy) and Toray Industries (Japan)

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Summary

Global Biodegradable Plastics Market Overview:

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-organism. 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. According to AMA, the Global Biodegradable Plastics market is expected to see growth rate of 13.3%

Growth Drivers

Increasing Use in Food Packaging & Compostable Bags Applications
The shift in Consumer Preference Toward Eco-Friendly Plastic Products

Market Trends

The increasing the use of biodegradable plastics in packaging and agriculture
Governments prohibiting the use of single-use plastic coupled with rising awareness among the public regarding ill-effects of plastic waste

Roadblocks

Higher Cost of Biodegradable Plastics Than That of Conventional Plastics

Opportunities

Emerging End-Use Industries of Biodegradable Plastics
The consumers are willing to pay more for biodegradable plastics owing to their eco-friendly nature

Challenges

Performance Issues Related to Biodegradable Plastic

Competitive Landscape:

Competition in the market varies from low to medium from region to region. Competition in Europe and North America is medium owing to a large number of players present in these regions. On the flip side, competitive rivalry in Asia Pacific is low due to fewer market players. However, the demand for biodegradable plastic is poised to increase in both developed and developing markets.
Some of the key players profiled in the report are NatureWorks (United States), BASF (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical (Japan), Biome Bioplastics (United Kingdom), Plantic Technologies (Australia), Bio-On (Italy), Danimer Scientific (Georgia), Novamont S.p.A (Italy) and Toray Industries (Japan). Analyst at AMA Research see European Vendors to retain maximum share of Global Biodegradable Plastics market by 2025.

Available Customization:

Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase

Research Methodology:

The top-down and bottom-up approaches are used to estimate and validate the size of the Global Biodegradable Plastics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Biodegradable Plastics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Biodegradable plastics manufacturing companies, Traders, distributors, and retailers, Raw material suppliers, Commercial R&D institutes and Research institutes, trade associations, and government agencies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.

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Strategic Points Covered in Table of Content of Global Biodegradable Plastics Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Biodegradable Plastics Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary – the basic information of the Global Biodegradable Plastics Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Market. (Introduction)
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Global Biodegradable Plastics Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 (Market Dynamics- Drivers, Trends, Opportunity, Restraints & Challenges)
Chapter 4: Presenting the Global Biodegradable Plastics Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Global Biodegradable Plastics Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source.
List of some of the Tables and Figures
Figure Global Global Biodegradable Plastics Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 CAGR (%), Y-o-Y Growth (&)
and Market Size, 2016-2027 (USD Million)
Figure Global Global Biodegradable Plastics Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 CAGR (%), Y-o-Y Growth (&)
and Market Size, 2016-2027 (Sales)Figure Global Sales Market Share of Global Biodegradable Plastics Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 by Types in 2021Figure Global Biodegradable Plastics Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Sales Market Share by Applications in 2021Table Global Biodegradable Plastics Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027Type and Applications
Table Market Sales, Price, Revenue, Gross Margin and Market Share (2020-2021)
Table  Market Revenue by Countries (2016-2021)
Table Global Global Biodegradable Plastics Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Sales by Type (2016-2021)

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