Biodegradable Plastics Market Size, Share, Trend, Key Vendor Analysis and Outlook to 2026
This market study report presents a comprehensive segmentation of the Biodegradable Plastics market by geography and includes key regions like the Americas, APAC, and EMEA. It also analyzes the key market trends and drivers that influence market growth.
(EMAILWIRE.COM, September 10, 2018 ) According to Publisher, the Global Biodegradable Plastics Market is accounted for $2.25 billion in 2017 and is expected to reach $6.98 billion by 2026 growing at a CAGR of 13.4% from 2017 to 2026. The growing demand for biodegradable plastics is mainly attributed to increased environmental awareness. Biodegradable plastics are increasingly being used to manufacture packaging materials as consumers are showing preferences towards ecofriendly packaging are some of the factors fueling the market growth. However, factors such as high cost in process are restricting the market growth.
Biodegradable plastics are plastics that are can be decomposed by the action of living organisms, usually bacteria. Two basic classes of biodegradable plastics exist: Bioplastics, whose components are derived from renewable raw materials, and plastics made from petrochemicals containing biodegradable additives which enhance biodegradation. "Biodegradable" broadly means that an object can be biologically broken down, while "compostable" typically specifies that such a process will result in compost, or humus. The waste management infrastructure currently recycles regular plastic waste, incinerates it, or places it in a landfill. Mixing biodegradable plastics into the regular waste infrastructure poses some dangers to the environment.
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Amongst Type, Polylactic acid (PLA) segment accounted for significant market share during the forecast period due to demand from major packaging materials in industries such as food & beverages, textiles and tissue engineering. While, the starch-blend segment of type dominates the market during the forecast period. Europe is anticipated to be the largest market for biodegradable plastics due to rising packed food products along with increasing electronic and pharmaceutical industry and strict implementation of environmental regulations.
Some of the key players in Biodegradable Plastics Market include Amcor, BASF SE, Biome Technologies PLC, Bio-On SRL., Biopac, Corbion N.V., Meredian Inc., Metabolix Inc., Mitsubishi Chemical Corporation, NatureWorks LLC, Plantic Technologies Ltd. and Tianan Biologic Materials Co. Ltd.
Types Covered:
-Biodegradable
-Fossil Based
-Poly-3-Hydroxybutyrate (PHB)
-Regenerated Cellulose
-Bio Based
-Other Types
Feedstocks Covered:
-Corn
-Sugarcane and sugar beat
-Wood
-Other Feedstocks
Applications Covered:
-Fibers
-Injection Molding
-Packaging
-Other Applications
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End Users Covered:
-Electrical & Electronics
-Agriculture & Horticulture
-Building & Construction
-Automotive
-Textiles
-Medical
-Coatings
-Pharmaceutical
-Other End Users
Regions Covered:
-North America
-Europe
-Asia Pacific
-South America
-Middle East & Africa
What our report offers:
-Market share assessments for the regional and country level segments
-Market share analysis of the top industry players
-Strategic recommendations for the new entrants
-Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
-Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
-Strategic recommendations in key business segments based on the market estimations
-Competitive landscaping mapping the key common trends
-Company profiling with detailed strategies, financials, and recent developments
-Supply chain trends mapping the latest technological advancements
For More Information about This Report: http://www.reportsweb.com/biodegradable-plastics-global-market-outlook-2017-2026
Biodegradable plastics are plastics that are can be decomposed by the action of living organisms, usually bacteria. Two basic classes of biodegradable plastics exist: Bioplastics, whose components are derived from renewable raw materials, and plastics made from petrochemicals containing biodegradable additives which enhance biodegradation. "Biodegradable" broadly means that an object can be biologically broken down, while "compostable" typically specifies that such a process will result in compost, or humus. The waste management infrastructure currently recycles regular plastic waste, incinerates it, or places it in a landfill. Mixing biodegradable plastics into the regular waste infrastructure poses some dangers to the environment.
Get Sample Copy at http://www.reportsweb.com/inquiry&RW00012218059/sample
Amongst Type, Polylactic acid (PLA) segment accounted for significant market share during the forecast period due to demand from major packaging materials in industries such as food & beverages, textiles and tissue engineering. While, the starch-blend segment of type dominates the market during the forecast period. Europe is anticipated to be the largest market for biodegradable plastics due to rising packed food products along with increasing electronic and pharmaceutical industry and strict implementation of environmental regulations.
Some of the key players in Biodegradable Plastics Market include Amcor, BASF SE, Biome Technologies PLC, Bio-On SRL., Biopac, Corbion N.V., Meredian Inc., Metabolix Inc., Mitsubishi Chemical Corporation, NatureWorks LLC, Plantic Technologies Ltd. and Tianan Biologic Materials Co. Ltd.
Types Covered:
-Biodegradable
-Fossil Based
-Poly-3-Hydroxybutyrate (PHB)
-Regenerated Cellulose
-Bio Based
-Other Types
Feedstocks Covered:
-Corn
-Sugarcane and sugar beat
-Wood
-Other Feedstocks
Applications Covered:
-Fibers
-Injection Molding
-Packaging
-Other Applications
Make an Inquiry http://www.reportsweb.com/inquiry&RW00012218059/buying
End Users Covered:
-Electrical & Electronics
-Agriculture & Horticulture
-Building & Construction
-Automotive
-Textiles
-Medical
-Coatings
-Pharmaceutical
-Other End Users
Regions Covered:
-North America
-Europe
-Asia Pacific
-South America
-Middle East & Africa
What our report offers:
-Market share assessments for the regional and country level segments
-Market share analysis of the top industry players
-Strategic recommendations for the new entrants
-Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
-Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
-Strategic recommendations in key business segments based on the market estimations
-Competitive landscaping mapping the key common trends
-Company profiling with detailed strategies, financials, and recent developments
-Supply chain trends mapping the latest technological advancements
For More Information about This Report: http://www.reportsweb.com/biodegradable-plastics-global-market-outlook-2017-2026
Contact Information:
ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results