Biodegradable Plastics Market: Comprehensive Overview of the USD 9.55 Billion Revenue by 2030 at CAGR: 9.8%
With a compound annual growth rate (CAGR) of 9.8%, the global biodegradable plastics market is expected to reach a value of over USD 9.55 billion by 2030 from an estimated USD 4.16 billion in 2021.Biodegradable plastic is a plastic which devalues under biological action. A few biodegradable plastics are compostable, which indicates that they devalue under regulated conditions such as taking place at compost locations. Varied biodegradable plastics only devalue under specific and assessed conditions, but the majority require industrial composting provisions, which are the rational goals. They might biodegrade in an unsecured environment, but the momentum at which it takes place is extensive, and connected test procedures are not adequately defined and invariably welcomed.
๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/biodegradable-plastics-market/request-for-sample
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ ๐๐๐ญ๐จ๐ซ๐ฌ
โข The biodegradable plastics industry is expected to witness significant prospects due to factors such as escalated packaging trends of consumer goods and beverages and a rise in population globally.
โข The surge in environmental consciousness escalated awareness in the context of the usage of sustainable substances, and the instigation of inventive commodities by dominant industry players additionally expanded market growth.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐๐ญ๐๐ ๐จ๐ซ๐ข๐ณ๐๐ญ๐ข๐จ๐ง
The spearheading firms in the market are instigating contemporary commodities to serve the escalating consumer demand. Key companies in the biodegradable plastics market are mentioned below:
โข Amcor Limited
โข BASF
โข BioGreen
โข Biome Bioplastics
โข Cardia Bioplastics Ltd.
โข Cargill Incorporated
โข Cereplast Inc.
โข Danimer Scientific
โข Eastman Chemical Company
โข Mitsubishi Chemical Holding Corporation
โข NatureWorks
โข Novamont
โข Plantic Technologies
โข Toray Industries
โข Trineso
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/1399/2
๐๐ข๐จ๐๐๐ ๐ซ๐๐๐๐๐ฅ๐ ๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
โข Polylactic Acid (PLA) accounted for a significant share in 2021 owing to its wide use in packaging, agriculture, and textiles
โข The packaging segment contributed majorly to the market revenue owing to increasing disposable income of consumers, growth in e-commerce platforms, and concerns regarding packaging waste
โข Europe is expected to grow at a significant rate during the forecast period on account of increasing environmental concerns and stringent government regulations
๐๐๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐๐๐ฅ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
The regions covered in the report are Europe, North America, Asia Pacific, Middle East & Africa, and Latin America. Also, according to the study, Europe held the largest biodegradable plastics market share. Escalating demand across several end-use industries, such as agriculture, packaging, textiles, and consumer goods, is largely responsible for the segment market's rise. Elements such as the existence of strict environmental directives and escalating environmental worries reinforce market growth. Market players have appended many contemporary manufacturing provisions to serve the escalating demand for biodegradable plastics in the region. Consumers are growingly inclined towards the intake of sustainable commodities.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/biodegradable-plastics-market
๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ก๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐ญ๐ก๐ ๐๐ข๐จ๐๐๐ ๐ซ๐๐๐๐๐ฅ๐ ๐ฉ๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ญ๐ฒ๐ฉ๐, ๐๐ง๐ ๐๐ง๐-๐ฎ๐ฌ๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐๐ข๐จ๐๐๐ ๐ซ๐๐๐๐๐ฅ๐ ๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ, ๐๐ฒ๐ฉ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข Polylactic Acid [PLA]
โข Polybutylene Succinate [PBS]
โข Starch Blends, Polybutylene Adipate Terephthalate [PBAT]
โข Polyhydroxyalkanoates [PHA]
โข Others
๐๐ข๐จ๐๐๐ ๐ซ๐๐๐๐๐ฅ๐ ๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ, ๐๐ง๐-๐๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข Packaging
โข Textile
โข Consumer Goods
โข Agriculture
โข Others
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Renewable Chemicals Market: https://www.polarismarketresearch.com/industry-analysis/renewable-chemicals-market
Pressure Sensitive Tapes Market: https://www.polarismarketresearch.com/industry-analysis/pressure-sensitive-tapes-market
Thermoplastic Polyolefin (TPO) Market: https://www.polarismarketresearch.com/industry-analysis/thermoplastic-polyolefin-market
Thermal Interface Materials Market: https://www.polarismarketresearch.com/industry-analysis/thermal-interface-materials-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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