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Biodegradable Plastics Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMCH21565

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Published on

November 2021

Total pages

193

Table of Content

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About the Report

About the Report

Increasing demand of biodegradable plastics for both individual and institutional buyers due to strict government regulations like banning the use of single use plastics to lower potential for global warming, ozone depletion, and smog formation and increasing awareness among population regarding benefits associated with biodegradable plastics. Moreover, for green environment, consumers are willing to pay more for biodegradable plastics. Biodegradable plastics have desirable mechanical and physical properties such as good tensile strength, clear, homogeneous, flexible, and easily handled.
Based on type, the biodegradable plastics market is segmented into polylactic acid, polybutylene adipate terephthalate, polyhydroxyalkanoates, starch blends, and others. Starch blend category is expected to grow at a considerable growth rate. One of the most promising raw materials for the production of biodegradable plastics is starch, which is a natural renewable carbohydrate polymer and an easily available low-cost material. Starch-based plastics are used in end-use industries such as packaging, automobiles, and agriculture. Starch-based plastic is biobased which is biodegradable in nature and also have low toxicity.
Based on end use, the biodegradable plastics market is divided into consumer durable, textile, packaging, agriculture, and others. Among all, packaging industry holds a lucrative market share. Packaging is one of the main end-use segments for biodegradable plastics and is utilized in each inflexible packaging and bendy packaging. Replacement of traditional plastics way of means of those merchandise in meals packaging including boxes, wraps, cups, and plates is gaining momentum, that is helping the boom of the biodegradable plastic market.
For a better understanding of the market adoption of Biodegradable Plastics, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), and Rest of World. Asia Pacific is likely to witness high growth due to consumer awareness for green environment leading to adoption of sustainable biodegradable plastics.
Some of the major players operating in the market include BASF SE, Biome Technologies Plc., Corbion N.V., Danimer Scientific, Dow Inc., Eastman Chemical Company, Kuraray Co. Ltd., Mitsubishi Chemical Corporation, Novamont S.P.A, PTT Global Chemical Company Ltd. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions.

Products


Companies

BASF SE, Biome Technologies Plc., Corbion N.V., Danimer Scientific, Dow Inc., Eastman Chemical Company, Kuraray Co. Ltd., Mitsubishi Chemical Corporation, Novamont S.P.A, PTT Global Chemical Company Ltd

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Biodegradable Plastics Market

2.2. Research Methodology of the Biodegradable Plastics Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Biodegradable Plastics Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL BIODEGRADABLE PLASTICS MARKET COVID-19 IMPACT

6 GLOBAL BIODEGRADABLE PLASTICS MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

7.1. Polylactic Acid (PLA)

7.2. Polybutylene Adipate Terephthalate (PBAT)

7.3. Polyhydroxyalkanoates (PHA)

7.4. Starch Blends

7.5. Others

8 MARKET INSIGHTS BY END USE

8.1. Packaging

8.2. Agriculture

8.3. Consumer Durable

8.4. Textile

8.5. Others

9 MARKET INSIGHTS BY REGION

9.1. North America Biodegradable Plastics Market

9.1.1. United States

9.1.2. Canada

9.1.3. Rest of North America

9.2. Europe Biodegradable Plastics Market

9.2.1. Germany

9.2.2. France

9.2.3. United Kingdom

9.2.4. Spain

9.2.5. Rest of Europe

9.3. Asia Pacific Biodegradable Plastics Market

9.3.1. China

9.3.2. India

9.3.3. Australia

9.3.4. Japan

9.3.5. Rest of Asia Pacific

9.4. Rest of World Biodegradable Plastics Market

10 BIODEGRADABLE PLASTICS MARKET DYNAMICS

10.1. Market Drivers

10.2. Market Challenges

10.3. Impact Analysis

11 BIODEGRADABLE PLASTICS MARKET OPPORTUNITIES

12 BIODEGRADABLE PLASTICS MARKET TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

14.1. Demand Side Analysis

14.2. Supply Side Analysis

14.2.1. Top Product Launches

14.2.2. Top Business Partnerships

14.2.3. Top Business Expansions, Investments and Divestitures

14.2.4. Top Merger and Acquisitions

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

16.1. Competitive Landscape

16.1.1. Company Shares, By Revenue

17 COMPANY PROFILED

17.1. BASF SE

17.2. Biome Technologies Plc.

17.3. CORBION N.V.

17.4. Danimer scientific

17.5. DOW INC.

17.6. Eastman Chemical Company

17.7. Kuraray Co. Ltd.

17.8. Mitsubishi Chemical Corporation

17.9. Novamont S.P.A

17.10. PTT Global Chemical Company Ltd.

18 DISCLAIMER

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