Biodegradable Plastics Market 2021 Report On 2021 Industry Growth Estimate, Key Players Analysis, Gross Margins, Strategy, Application, Investment Plan, Opportunity and 2030 Forecast

In a recent published report, Kenneth Research has updated the market report for Biodegradable Plastics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Biodegradable Plastics Market products.

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Biodegradable plastics are produced from natural resources and can be easily disposed or recycled. The market for biodegradable plastics is growing rapidly with the increase in applications and advance technologies are expanding with high rate. Key driving factors for this market is government regularities for waste dispose and its management, environment concern and its initiative taken by government. It helps in reducing dependency on crude oil and other synthetic raw materials.

Some of the challenges in the market are low awareness among the consumer and low durability as compared to conventional plastics. In commercial biodegradable plastics two types of plastics are very important (1) PLA (polylactic acid) and (2) starch based plastics. Starch based plastics widely include potatoes, corns, sugar beet and cassava. For starch based plastics, largest consumer market across the globe is Europe. In APAC region biodegradable market is growing due to strict government regulations which includes ban on conventional plastic bags and environmental saving initiatives, also government and non-profit organizations are promoting their use.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Biodegradable plastics are used in packaging, bottles, bowls, cutlery, food service, disposal items etc. Packaging application is the largest application segment for biodegradable plastics. Second largest application segment is fibers, followed by agriculture. Since the demand of eco-friendly packaging is high, therefore the market for biodegradable plastics is growing rapidly. Geographical analysis of biodegradable plastics market includes North America, Europe, APAC and ROW.

According to geography, European market is the largest market for biodegradable plastics. In terms of consumption, North America is the highest consuming market for biodegradable plastics. North American consumption of biodegradable plastics has grown in recent times, due to factors like: biodegradable plastics is more cost competitive as compared to petroleum-based products. Key players of the market are BASF, NatureWorks, Novamont, DuPont, Biome, Plantic technologies ltd, Meredian Inc, Bio-on SRL, etc.

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Companies profiled include

1. Novamont S.p.a
2. BASF SE
3. Rodenburg Biopolymers
4. Biome Bioplastics Limited
5. Innovia Films Limited
6. BioBag International AS
7. BIOP Biopolymers Technologies GmbH
8. BIOTEC GmbH & Co.
9. FKuR Kunststoff GmbH
10. Futerro
11. Metabolix Inc.
12. Corbion NV
13. Natureworks LLC
14. Biome Technologies PLC
15. Mitsubishi Chemical Corp.
16. Bio-On SRL
17. Tianan biologic material co Ltd
18. Willeap
19. Yifan xinfu
20. Complas
21. Cornpack
22. FKuR
23. Innovia
24. Novamont
25. Perstorp
26. Pyramid
27. Rodenburg
28. Synbra
29. Storopack
30. Shanghai hongrui

This Research Report covers
1. Historical data
2.Revenue forecasts, growth rates and CAGR up to 2028
3.Industry Analysis
4.Competitive Analysis
5. Key geographic growth data

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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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