Biodegradable Plastics Market Overview:
Market Research Future (MRFR) perceives the growth of the global biodegradable plastics market to be healthy at a CAGR of 8.4% over the forecast period of 2018-2022. The global biodegradable plastics market is likely to attain a valuation of USD 16.8 Bn by the end of 2022.
The prime drive behind the growth of the market is the biodegradable nature of such plastics. Not only do petroleum-based plastics take a toll on natural resources but are also environmentally damaging. Various environmental benefits associated with biodegradable plastics make them highly desirable across different industry verticals such as packaging, automotive, electrical, and others.
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Biodegradable Plastics Market Key Players:
- BASF SE (Germany)
- Cardia Bioplastics Limited (Australia)
- FKuR Kunststoff GmbH (Germany)
- NatureWorks LLC (U.S.)
- Cereplast Inc (U.S)
- Biome Technologies PLC (U.K.)
- Corbion (Netherland)
- Plantic Technologies Ltd (Australia)
- BIO-ON (Italy)
- Mitsubishi Chemical Corporation (Japan)
and others are the eminent players in the global biodegradable plastics market.
Biodegradable Plastics Market Regional Analysis:
By region, the global biodegradable plastics market has been segmented into North America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).
North America accounts for the second most significant share of the global biodegradable plastics market. Towering demand from the retail sector and various laws promoting the use of biodegradable plastics in diverse industries stimulate the growth of the market.
Europe accounts for the maximum share of the global biodegradable plastics market. Government regulations advocating the use of biodegradable plastics coupled with Regulations aimed at curbing soil pollution can be credited for the growth of the market. Additionally, flourishing growth of the packaging industry which generates massive demand for biodegradable plastics acts as a plus for the market growth.
Biodegradable Plastics Market Segmentation:
The global biodegradable plastics market has been segmented based on product type and application.
By product type, the global biodegradable plastics market has been segmented into polycaprolactone (PCL), polylactic acid (PLA), polybutylene succinate (PBS), starch-based plastics, regenerated cellulose, polyhydroxyalkanoates (PHA). The polylactic acid (PLA) segment dominates the global market owing to its large-scale utilization in the packaging industry. It exhibits superior properties such as low toxicity and high mechanical strength.
Biodegradable Plastics Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Biodegradable Plastics Market
Biodegradable Plastics Market Table of Content to be Continue…….,
Biodegradable Plastics Market List of Table:
Table 1 World Population: By Major Regions (2015 To 2030) (Billion)
Table 2 Global Biodegradable Plastics Market: By Region, 2014-2022 (USD Billion)
Table 3 North America Biodegradable Plastics Market: By Country, 2014-2022 (USD Billion)
Table 4 Europe Biodegradable Plastics Market: By Country, 2014-2022 (USD Billion)
Table 5 Asia-Pacific Biodegradable Plastics Market: By Country, 2014-2022 (USD Billion)
Biodegradable Plastics Market List of Table to be Continue…….,
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