LONDON – May 17, 2022 (GLOBE NewSWIRE) — According To The Business Research Company’s research report on biodegradable polymers marketThe market for biodegradable and recyclable plastics will grow because of growing environmental concerns. Plastics are the main concern for the environment. Plastics are becoming a major concern for the environment. According to data from the European environment agency, the COVID-19 Pandemic had impacted the production, consumption, and waste of plastics in January 2021. A recent BCG survey that surveyed 3,000 people in eight countries found that people are now more concerned about environmental issues and are committed to improving their sustainability. Nearly 40% of respondents indicated that they plan to adopt a more sustainable lifestyle in the future. Biodegradable plastics will continue to grow because of growing environmental concerns.
Request For a sample, see the global biodegradable plastics Market report
The global market for biodegradable plastics is a significant oneIs expected to grow from $3.74 Billion in 2021 to $4.21 Billion in 2022At a compound annual rate of growth (CAGR) 12.6%The global market share for biodegradable polymers is expected to increase. $7.16 billion by 2026At a CAGR of 14.2%
Innovations are a key trend in the biodegradable market for plastics. Many companies are developing innovative products made from biodegradable materials that are cost-effective, sustainable, and durable in nature. The Defense Research and Development Organization (DRDO), a based in India, launched biodegradable packaging items in July 2021. They are made from biodegradable plant based food-grade materials. They are water-resistant and can be degraded within three months. These bags are an ocean-safe option to single-use plastics, and they are also cost-effective and long-lasting.
Major players in the biodegradable market for plasticsBASF, NatureWorks and BIOME TECHNOLOGIES PLC., Novamont S.p.A.. Mitsubishi, Biome Bioplastics., Biome Bioplastics., Plantic., BIO-ON., Danimer Scientific. Novamont S.p.A. TORAY INDUSTRIES., INC., Kruger Inc. Total Corbion PLA. Perstorp., K.D. FEDDERSEN, UrthPact, LLC, BIoTec Pvt. Ltd., BioGreen and CLONDALKIN GROUP. Plantic Technologies Limited, Amcor Limited and Mondi Group.
The global Market for biodegradable plastic analysis report is segmented by type into Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), PHA (Polyhydroxyalkanoates), starch blends, others; by end-user into packaging, agriculture, consumer goods, others.
As per TBRCs biodegradable plastic market outlook, North AmericaThe The largest regionIn the market by 2021 Asia-Pacificis expected to be The fastest-growing regionThe forecast period for the global biodegradable materials market is a significant one. The report on the global biodegradable market for plastics covers Asia-Pacific and Western Europe as well as Eastern Europe, North America and South America.
Global Market Report on Biodegradable Plastics 2022 Market Size, Trends and Global Forecast 2022-2026This is one in a series of new reports by The Business Research CompanyThis report provides biodegradable market overviews, market analysis and forecasts for the entire market, market segments and geographies, market trends and biodegradable market restraints, market leaders, market share, market share, market drivers and biodegradable market drivers.
The report also analyzes the market impact of COVID-19. The 150,000 datasets used in the reports are complemented by extensive secondary research and exclusive insights gleaned from interviews with industry experts. Market analysis and forecasts are provided by a highly skilled and experienced team of analysts and models. Based on market trends and the leading competitor approaches, the reports identify the top markets and segments that offer opportunities and strategies.
Are you not in the right market? Check out Some similar Market intelligence reports:
Plastic Alternative Packaging Global Market Report Report 2022 By Type (Starch Based Plastics, Cellulose Based Plastics), Polylactic Acid, (PLA) Polyhydroxyalkanoates(PHA), Others Types, By Process (Recyclable. AndBeverage, Personal Care and Health Care (Market Size, Trends and Global Forecast 2022-2026
Want to learn more about The Business Research Company
The Business Research Company is a market research firm that specializes in market, consumer, and company research. It is located worldwide and has specialist consultants in a wide variety of industries, including manufacturing, financial services, chemicals, technology, and healthcare.
The World’s Most Comprehensive Database
The Business Research Company’s flagship product, Global Market ModelMarket intelligence platform that covers various macroeconomic indicators and metrics across 60 countries and 27 industries. Global Market Model includes multi-layered datasets that allow users to assess supply and demand gaps.
