Skip to main content

Biodegradable Plastics Market Poised to Expand at a Robust Pace by 2026

 The global biodegradable plastics market size is projected to reach USD 23.3 billion by 2026 from USD 7.7 billion in 2021, at a CAGR of 24.9%, between 2021 and 2026. Higher price of biodegradable plastics than conventional plastics, along with the performance issue of biodegradable plastics are the major restraining factors penetrating in the market.

Browse 153 market data Tables and 44 Figures spread through 236 Pages and in-depth TOC on "Biodegradable Plastics Market by Type (PLA, Starch Blends, PHA, Biodegradable Polyesters), End Use Industry (Packaging, Consumer Goods, Textile, Agriculture & Horticulture), and Region (APAC, Europe, North America & RoW) - Global Forecast to 2026"

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93

Biodegradable plastics possess a high potential for growth as it lowers the carbon footprint, reduces waste, improves compostability, and lowers energy costs coupled with stringent government regulations to replace conventional plastics. Increase in the use of biodegradable plastics in the packaging end-use industry, increase in waste management regulations in Europe, favorable government policies, and rising concern for human health are driving the demand for biodegradable plastics.

Based on type, the biodegradable plastics market is classified into PLA, Starch blends, PHA, Biodegradable polyesters, and others. Biodegradable plastics are derived from renewable sources or are based on monomers derived from renewable sources such as corn, potato, rice, soy, sugarcane, wheat, and vegetable oil. Polylactic acid (PLA) is considered one of the most important biodegradable plastics due to its good mechanical properties and easy processability. The raw materials required to manufacture PLA is also easily available. Such factors make PLA the largest segment of the biodegradable plastics market, and it is expected to grow at a rapid rate. Growing concerns related to environmental pollution and non-renewable finite petroleum resources are leading to the increasing use of biodegradable plastics.

Based on end user, packaging industry captures the larger part of market share in terms of volume and value during the forecast period, followed by textiles, consumer goods, agriculture & horticulture and other industries. The need for sustainable solutions has encompassed several industry verticals, including food & beverages, e-commerce, and FMCG. The new applications for biodegradable plastics in packagings such as diaper packaging, adult incontinence products, and landfill covers, are gaining momentum. With several innovative products coming up, the use of biodegradable plastics in packaging is expected to rise further during the forecast period. In addition, the rise in e-commerce have played an intense focus on increased packaging requirements.

 Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=93

Europe is estimated to lead the biodegradable plastics market, in terms of both value and volume, during the forecast period. Countries, such as France, Spain, and the UK, are witnessing an increase in the adoption of biodegradable plastics in the packaging & bags industry, which will, in turn, enhance the growth of the market. The growth in the region is attributed to the increase in population and rising adoption of biodegradable plastics products.

However, segregation & processing of biodegradable plastics, fluctuating oil prices, expensive & complex production processes and limited regulations in developing nations are the major challenges for the growth of the biodegradable plastics market between 2021 and 2026.

Read More Insights At https://www.prnewswire.com/news-releases/biodegradable-plastics-market-worth-23-3-billion-by-2026--exclusive-report-by-marketsandmarkets-301373151.html

 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

 

Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: 1-888-600-6441 

Labels:

Comments

Post a Comment

Popular posts from this blog

Alpha Olefin Sulfonate (AOS) Market by Analysis, by Production, Revenue, Gross Margin and Trends 2030

  The Alpha Olefin Sulfonate market is projected to reach USD 479.7 million by 2030, at a CAGR of 2.3% from USD 399.9 million in 2022. High demand for cleaning products, rising awareness for workplace and personal hygiene along with biodegradability property is driving the demand for alpha olefin sulfonates. The global demand for alpha olefin sulfonates from various applications including detergents, shampoos, bar soap, and others is expected to increase during the forecast period. Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=248443464 Market Dynamics Driver: High Demand for Cleaning Products The demand for cleaning products such as shampoos, soaps, face wash, and detergents are high resulting in increased demand for alpha olefin sulfonate used as surfactant. Alpha olefin sulfonate has high foamability and compatibility with skin and fabrics resulted in becoming the key ingredient in detergent and cosmetic sector. It is free from skin irrit
Post a Comment
Read more

Polybutene Market Shares, Strategies, and Forecasts Analysis 2027

  The Polybutene Market is projected to reach USD 446.1 million by 2027, at a CAGR of 2.1 % from USD 402.3 million in 2022. The rising demand for polybutene to is expected to fuel the market growth. It offers high strength and superior performance properties with customized sealing temperatures. Due to these properties, it is widely used in seal-peel or easy peel packaging for meats, cheese and other products. Download PDF Brochure At https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=173570460   “Based on grade, extrusion is projected to grow at highest CAGR during the forecast period” Extrusion grade is projected to grow at highest CAGR during the forecast period. The high demand for polybutene in construction sector is driving the market growth. Due to its superior chemical and mechanical properties, polybutene is widely used advanced construction systems. “Packaging system is projected to be the fastest growing application in polybutene market, in terms of value”
Post a Comment
Read more

Digitally Printed Wallpaper Market Statistics, Trends, Growth and Demand Report 2022- 2027

  The global digitally printed wallpaper market size in 2022 is estimated at USD 4.7 billion and is projected to reach USD 13.1 billion by 2027, at a CAGR of 22.4% from 2022 to 2027. The major drivers for the market include an growth in urbanization and increasing construction activities. However, rivalry from paint & coating producers limits the market growth. Moreover, the ever-increasing growth in commercial and marketing sectors is projected to boost the market for digitally printed wallpaper. Browse 162 market data Tables and 28 Figures spread through 152 Pages and in-depth TOC on  "Digitally Printed Wallpaper Market by Printing Technology (Inkjet, Electrophotography), Substrate (Nonwoven, Vinyl, Paper), End-Use Sector (Non-Residential, Residential, Automotive & Transportation) and Region - Global Forecast to 2027 " Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=81489419 Key companies such as A.S. Création Tapeten AG (Ger
Post a Comment
Read more