Dublin, Nov. 05, 2018 (GLOBE NEWSWIRE) -- The "Biodegradable Plastics Market Size, Share & Trends Analysis Report By Type (Starch based, PLA, PHA, PBAT, PBS), By End Use (Packaging, Consumer Goods, Agriculture), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global biodegradable plastics market size is projected to reach USD 6.73 billion by 2025, rising at a CAGR of 12.8% during the forecast period.
Increasing use of biodegradable plastics, owing to strict governmental laws for prohibiting use of conventional plastics, coupled with growing awareness among public towards ill-effects of plastic waste is stoking the growth of the market. The above factors are expected to spur biodegradable plastics market growth over the forecast period.
Biodegradable plastics are plastics which decompose in the environment within a reasonable period of time. Biodegradable plastics are made up of renewable raw materials. Many of these plastics require biodegradable additives to enhance biodegradation process and some may require a specific environment to disintegrate. Time taken by plastics to decompose depends upon various factors such as raw material used and environmental conditions such as moisture and temperature.
The starch based segment lead the global biodegradable market. Starch based plastics are used in various applications such as packaging, consumer electronics, agriculture, automotive and textiles. PLA is also one of the most consumed biodegradable plastic type. It is used in 3D printing, mulch film, and packaging.
Packaging is the leading end use of biodegradable plastics. Ban on plastics by European Commission is anticipated to drive the segment over the forecast period. Novel applications of biodegradable plastics in the medical sector for drug encapsulation and medical surgeries are being increasingly practiced.
Around the world, people are facing grave issues of plastic waste as conventional plastics take hundreds of years to decompose. To tackle this issue several countries have banned use of single-use plastic products and are promoting use of eco-friendly biodegradable plastics. Ban of non-reusable conventional plastics in many regions around the globe, especially in Europe and North America is estimated to propel the global biodegradable plastics market. Additionally, improving standard of living and increasing disposable income in developing countries are likely to augur well for the market in Asia Pacific and Central & South America.
Key players are investing in research and development activities in order to create improved products that are strong and can be easily decomposed in natural environment. Many of the companies have integrated through the value chain to serve customers better and improve profits of the company.
Further key findings from the report suggest:
- The PHA segment is projected to expand at a noteworthy CAGR of 13.5% in terms of revenue during the forecast period
- The packaging is the largest end-use segment, followed by the agriculture sector
- Europe is the largest region in terms of value and volume. However, Asia Pacific is expected to emerge as the fastest growing region for biodegradable plastics.
Key Topics Covered:
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
1.4 List of abbreviations
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Market Variables, Trends, and Scope
3.1 Market segmentation
3.2 Penetration & growth prospect mapping, 2014 - 2025
3.3 Value chain analysis
3.4 Regulatory framework
3.5 Technology overview
3.6 Market dynamics
3.6.1 Market driver analysis
3.6.1.1 Growing Use of Renewable & Bio-Based Products
3.6.1.2 The shift in Consumer Preferences Toward Eco-Friendly Packaging and strict government regulations
3.6.2 Market restraint analysis
3.6.2.1 Cost Competitiveness of Biodegradable Plastics Over Conventional Plastics
3.6.2.2 Shortcomings of Biodegradable Plastics
3.7 Key opportunities prioritized
3.7.1 New market avenues
3.8 Industry analysis - Porter's
3.9 PESTEL analysis
Chapter 4 Biodegradable Plastics Market: Type Estimates & Trend Analysis
4.1 Type movement analysis, 2018 & 2025
4.2 Global Biodegradable plastics demand by type, 2014 - 2025
4.2.1 Biodegradable plastics market estimates & forecast, 2014 - 2025
4.2.2 Biodegradable plastics market estimates & forecast, 2014 - 2025
4.3 Starch Based
4.4 PLA
4.5 PBAT
4.6 PBS
4.7 PHA
4.8 Others
Chapter 5 Biodegradable Plastics Market: End use Estimates & Trend Analysis
5.1 End use movement analysis, 2018 & 2025
5.2 Global Biodegradable plastics demand by End Use, 2014 - 2025 (Kilotons) (USD Millions)
5.2.1 Global Biodegradable plastics market estimates & forecast, 2014 - 2025
5.3 Packaging
5.4 Agriculture
5.5 Consumer Durables
5.6 Others
Chapter 6 Biodegradable Plastics Market: Regional Estimates & Trend Analysis
6.1 Biodegradable Plastics market: Regional movement analysis, 2017 & 2025
6.2 Global Biodegradable Plastics demand by region, 2014 - 2025 (Kilotons) (USD Million)
6.2.1 Biodegradable Plastics market estimates & forecast, 2014 - 2025
Chapter 7 Competitive Landscape
7.1 Vendor Landscape
7.2 List of market players
7.3 Strategy framework
7.4 Biodegradable Plastic Market Analysis, 2016
Chapter 8 Company Profiles
- Cargill Incorporated
- Mitsubishi Chemical Corporation
- Biome Technologies PLC
- Plantic Technologies Ltd
- BASF SE
- Corbion N.V.
- Metabolix Inc. (Yield10 Bioscience Inc.)
- Eastman Chemical
- NatureWorks LLC
- Dow Chemical Company
- Biobag International As
- Danimer Scientific, L.L.C.
- Novamont S.p.A.
For more information about this report visit https://www.researchandmarkets.com/research/rd92rm/global?w=12
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.