Global Biodegradable Plastics Market report from Global Insight Services is the single authoritative source of intelligence on Biodegradable Plastics Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restBlockchain Marketraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Biodegradable plastics are made from renewable resources such as corn starch, potato starch, or cellulose. Unlike traditional plastics, which are made from fossil fuels, biodegradable plastics break down over time in the presence of oxygen and other microbes. This process is called biodegradation.
Key Trends
The key trends in biodegradable plastics technology are the development of new materials and processes that make biodegradable plastics more commercially viable. New materials include biodegradable polymers made from renewable resources such as lactic acid and PLA. Processes such as injection molding and extrusion have been developed to manufacturing biodegradable plastic products.
Key Drivers
The key drivers of the biodegradable plastics market are the increasing environmental concerns over the non-biodegradability of traditional plastics, the availability of cost-effective raw materials, and the stringent government regulations on the use of traditional plastics.
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Restraints & Challenges
One of the key restraints for the biodegradable plastics market is the high cost of raw materials. The cost of biodegradable plastics is currently higher than the cost of conventional plastics. This is a major challenge for the market growth, as the high cost of raw materials is expected to limit the market growth in the forecast period.
Market Segments
By Type
- Polylactic Acid (PLA)
- Polybutylene Adipate Terephthalate (PBAT)
- Polybutylene Succinate (PBS)
- PHA (Polyhydroxyalkanoates)
- Starch Blends
- Others
By Application
- Packaging
- Agriculture
- Consumer Durable
- Textile
- Others
Key Players
- BASF SE
- DowDuPont, Inc.
- Arkema S.A.
- Royal DSM N.V.
- Novamont S.p.A.
- Toray Industries, Inc.
- Biome Technologies
- Celanese Corporation
- NatureWorks
- Mitsubishi Chemical Holdings Corporation
- Cardia Bioplastics Limited
- FKuR Kunststoff GmbH
- Bio-on S.p.A.
- Bio-Tec Environmental Ltd.
- Xinfu Pharmaceutical Co., Ltd.
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