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Global Biodegradable Plastics Market is valued approximately USD 3.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 15.1 % over the forecast period 2020-2027. Biodegradable plastic is made using raw materials or petrochemicals and can be decomposed by living organisms such as bacteria. Biodegradable plastic takes less time to break down as it is made up of eco-friendly material and requires less energy for production. The global Biodegradable Plastics Market is facing challenges due to COVID-19 pandemic as manufacturing facilities and supply chain of many organizations is at halt. The increasing use in food packaging & compostable bags applications, shift in consumer preference toward eco-friendly plastic products and focus of governments on green procurement policies are the few factors responsible for growth of the market over the forecast period. Furthermore, the introduction of products and services along with other strategic alliance on market player will create a lucrative demand for the market. For instance: on 26th March 2019, NatureWorks launched Ingeo 3D450, a new Polylactic acid (PLA) Formulation for 3D Printing Break-Away Support on Dual Extrusion Printers. However, higher cost of biodegradable plastics than that of conventional plastics is the major factor restraining the growth of global Biodegradable Plastics market during the forecast period.
The regional analysis of global Biodegradable Plastics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the High awareness among people toward plastic waste. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Natureworks
BASF SE
Total Corbion PLA
Mitsubishi Chemical Corporation
Biome Bioplastics
Plantic Technologies
Bio-On
Danimer Scientific
Novamont S.P.A.
Toray Industries
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Polylactic acid (PLA)
Starch Blends
Biodegradable Polyesters
Polyhydroxyalkanoates (PHA)
Others
by Application:
Packaging & Bags
Consumer Goods
Agriculture & Horticulture
Textile
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Biodegradable Plastics Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. biodegradable Plastics Market, by Region, 2018-2027 (USD Billion)
1.2.2. biodegradable Plastics Market, by Type, 2018-2027 (USD Billion)
1.2.3. biodegradable Plastics Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global biodegradable Plastics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global biodegradable Plastics Market Dynamics
3.1. biodegradable Plastics Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global biodegradable Plastics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global biodegradable Plastics Market, by Type
5.1. Market Snapshot
5.2. Global biodegradable Plastics Market by Type, Performance – Potential Analysis
5.3. Global biodegradable Plastics Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. biodegradable Plastics Market, Sub Segment Analysis
5.4.1. PLA
5.4.2. Starch Blends
5.4.3. Biodegradable Polyesters
5.4.4. Polyhydroxyalkanoates (PHA)
5.4.5. Others
Chapter 6. Global biodegradable Plastics Market, by Application
6.1. Market Snapshot
6.2. Global biodegradable Plastics Market by Application, Performance – Potential Analysis
6.3. Global biodegradable Plastics Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. biodegradable Plastics Market, Sub Segment Analysis
6.4.1. Packaging & Bags
6.4.2. Consumer Goods
6.4.3. Agriculture & Horticulture
6.4.4. Textile
6.4.5. Others
Chapter 7. Global biodegradable Plastics Market, Regional Analysis
7.1. biodegradable Plastics Market, Regional Market Snapshot
7.2. North America biodegradable Plastics Market
7.2.1. U.S. biodegradable Plastics Market
7.2.1.1. Type breakdown estimates & forecasts, 2017-2027
7.2.1.2. Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada biodegradable Plastics Market
7.3. Europe biodegradable Plastics Market Snapshot
7.3.1. U.K. biodegradable Plastics Market
7.3.2. Germany biodegradable Plastics Market
7.3.3. France biodegradable Plastics Market
7.3.4. Spain biodegradable Plastics Market
7.3.5. Italy biodegradable Plastics Market
7.3.6. Rest of Europe biodegradable Plastics Market
7.4. Asia-Pacific biodegradable Plastics Market Snapshot
7.4.1. China biodegradable Plastics Market
7.4.2. India biodegradable Plastics Market
7.4.3. Japan biodegradable Plastics Market
7.4.4. Australia biodegradable Plastics Market
7.4.5. South Korea biodegradable Plastics Market
7.4.6. Rest of Asia Pacific biodegradable Plastics Market
7.5. Latin America biodegradable Plastics Market Snapshot
7.5.1. Brazil biodegradable Plastics Market
7.5.2. Mexico biodegradable Plastics Market
7.6. Rest of The World biodegradable Plastics Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Natureworks
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. BASF SE
8.2.3. Total Corbion PLA
8.2.4. Mitsubishi Chemical Corporation
8.2.5. Biome Bioplastics
8.2.6. Plantic Technologies
8.2.7. Bio-On
8.2.8. Danimer Scientific
8.2.9. Novamont S.P.A.
8.2.10. Toray Industries
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.
Primary Research Sources:
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