The global biodegradable plastics market is projected to grow at a CAGR of 12% during 2019 to 2024. The growth of biodegradable plastics market is driven by increasing demand for renewable & bio-based raw materials, government regulations, and shift in consumer preferences towards eco-friendly packaging.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising potential, high growth opportunities for the biodegradable
plastics market by material type (PLA, starch blends, PCL, regenerated
cellulose, PBS, and PHA), application (packaging, fibers, agriculture,
injection molding, and others), end use industry (packaging & bags,
consumer goods, and agriculture & horticulture), and region (North America,
Europe, Asia-Pacific, and Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the biodegradable plastics market?
Q.4 What are some
changing demands of customers in the biodegradable plastics market?
Q.5 What are the new
developments in the biodegradable plastics market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this biodegradable plastics area and how
big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this biodegradable plastics market?
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clicking on https://www.lucintel.com/biodegradable-plastics-market.aspx
Market Segmentation:
Based on material type,
the biodegradable plastics market is segmented into PLA, starch blends, PCL,
regenerated cellulose, PBS, and PHA. The PLA segment accounted for the largest
share of the market in 2020 and is expected to register the highest CAGR during
the forecast period.
Europe will remain the
largest market over the forecast period due to strict environmental
regulations.
Key Players in the
biodegradable plastics market are Metabolix Inc., BASF SE, Corbion NV (PURAC),
Natureworks LLC, Biome Technologies PLC, Mitsubishi Chemical Corp., Plantic
Technologies Limited, Bio-On SRL., Meredian Inc, and Tianan Biologic Materials
Co. Ltd.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/biodegradable-plastics-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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