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

Introduction The world is gradually shifting its focus from conventional plastics to biodegradable plastics . This is because biodegradable plastics are made from renewable resources and are therefore more environmentally friendly. In addition, biodegradable plastics break down into harmless substances when exposed to sunlight or microorganisms, making them safe for both humans and the environment. As a result, the demand for biodegradable plastics is growing at a rapid pace.   What are Biodegradable Plastics? Biodegradable plastics are made from renewable resources such as corn starch, vegetable oils, and other plant-based materials. Unlike traditional petroleum-based plastics, biodegradable plastics will break down over time when exposed to sunlight, water, or microorganisms. This decomposition process is known as bio-degradation. The growing demand for biodegradable plastics is being driven by a number of factors, including increasing environmental awareness, stricter ...

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 g...

Plastic Adhesives Market worth $9.2 billion by 2025

  The market size for Plastic Adhesives is projected to grow from USD 6.8 billion in 2020 to USD 9.2 billion by 2025, at a CAGR of 6.3%. APAC is the largest consumer of plastic adhesives. Increasing demand in the medical industry, growth in the appliance industry, and growing demand from packaging and e-commerce industries are the factors driving the plastic adhesives market. Browse 145 market data Tables and 55 Figures spread through 231 Pages and in-depth TOC on  "Plastic Adhesives Market by Resin Type (Epoxy, PU, Acrylic, Silicone, MMA, Cyanoacrylate), By Substrate (PE, PP, PVC), By Application (Packaging, Building & Construction, Automotive & Transportation, Assembly, Medical), and Region - Global Forecast to 2025" Packaging segment accounted for the largest share of the plastic adhesives market in 2020. The use of plastic adhesives in flexible packaging offer advantages in terms of reduction in energy and material use and packaging costs. A r...

Amcor PLC (Australia) and Sonoco Products Company (US) are the Key Players in the Sustainable Plastic Packaging Market

The global Sustainable Plastic Packaging Market size is projected to grow from USD 89.0 billion in 2020 to USD 117.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast year. The growth of this market is attributed to the increasing regulations regarding the use of plastics, initiatives by governments and NGOs to promote sustainability in plastic packaging (e.g. - The Ellen McArthur Foundation), and the increasing awareness about the need and benefits of sustainability among the public, especially the youth. The sustainable plastic packaging market has been dominated by large players, such as Amcor PLC (Australia), Sonoco Products Company (US), Sealed Air Corporation (US), Huhtamaki OYJ (Finland), and Berry Global Inc. (US). These players have adopted various growth strategies, such as acquisitions and new product developments to increase their market shares and enhance their product portfolios. To know about the assumptions considered for the s...

Impact of COVID 19 on Bio Plasticizer Market

The market size for Bio Plasticizers is projected to reach $1,140.3 Million by 2020, registering a CAGR of 9.8% between 2015 and 2020. Browse 113 market data tables and 72 figures spread through 175 pages and in-depth TOC on “ Bio Plasticizers Market - Trends & forecasts to 2020" Request report sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=70153683 “North America: One of the Biggest Markets of Bio Plasticizer” North America is the most promising market for bio plasticizers and the trend is projected continue in the near future. North America is one of the largest markets for bio plasticizers, which accounted for a share of around 36.0% the total market in 2014. The North American market for bio plasticizers is growing at a notable pace, which is primarily due to the growing manufacturing industry that is further pushing the demand for bio plasticizer. The demand for bio plasticizers in the region is projected to register a CAGR of around ...

What is the Future Scope of Medical Plastics Market amidst COVID-19?

The global Medical Plastics Market size during this pandemic is projected to grow from USD 25.1 billion in 2020 to USD 29.4 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 17.2% during the forecast period.  Browse 25 market data Tables and 6 Figures spread through 57 Pages and in-depth TOC on "COVID-19 Impact On “Medical Plastics Market”. Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=131817177 Europe is projected to register the highest CAGR between 2020 and 2021 owing to being epicentre and enhanced local production. The medical plastics market in Europe has immense demand potential driven by the increasing requirement for ventilators, respirators, thermal scanners, and other patient care systems. Europe consists of some profoundly affected countries such as Italy, Spain, Germany, France, and others, which have a large demand for patient care systems. In addition, growth in the requirement of PPEs will also drive dem...