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Biodegradable Plastics Market Size, Global Forecast 2021-2027

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Biodegradable Plastic Market Size was US$ 4.3 Billion in 2021. Industry Trends, Growth, Insight, Impact of COVID-19, Company Analysis, Global Forecast 2021-2027. – PowerPoint PPT presentation

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Title: Biodegradable Plastics Market Size, Global Forecast 2021-2027


1
Biodegradable Plastics Market
Biodegradable Plastics Market
2
Report Description and Highlights
The recent years have exploded environment
friendly alternatives globally. Preferably,
biodegradable plastics are one set of materials
that have become a popular replacement for
conventional plastics as consumers demand green
options to align with the environment.
Biodegradable plastic degrades under biological
(mainly microbial) action with a bleak chance of
hampering the natural environment. Moreover, the
awareness of conventional plastic's harmful
impact on the environment has also supported the
global market for biodegradable plastics.
According to the report by Renub Research, Global
Biodegradable Plastics Market is expected to
reach US 7.1 Billion by 2027.
Biodegradable Plastics Market
3
Biodegradable Plastics Market
COVID-19 Impact on Global Biodegradable Plastics
Market Biodegradable plastics confirm to be an
outstanding option to conventional plastics,
which are in enhanced demand owing to the
increase in food, pharma, and PPE packaging
amidst the pandemic booming of the market
strength globally. Remarkably, the need for food
packaging and single-use plastic has increased in
the COVID-19 pandemic. Companies have endeavoured
biodegradable alternatives for food packaging and
single-use cutlery, driving the market
growth. Worldwide Biodegradable Plastic Market
Size was US 4.3 Billion in 2021 Numerous
biodegradable and compostable plastics are
bioplastics produced from plants rather than
fossil fuels. There are many options, such as
packaging, agriculture, and consumer goods
depending on their application. Wherein
biodegradable plastics can be split down by
microbes, crushed up and converted into biomass,
water and carbon dioxide (or in the nonexistence
of oxygen, methane rather than CO2).
Biodegradable Plastics Market
4
Biodegradable Plastics Market
Global Biodegradable Plastics Market 2021 -2027
Biodegradable Plastics Market
5
Biodegradable Plastics Market
The positive impacts of biodegradable plastic are
being regulated while society is transitioning
towards a circular economy. Legislation is the
most critical driver for biodegradable plastics
globally. For example, bans or taxes on the use
of non-biodegradable shopping bags in Italy,
France, or coastal cities have led to a
substantial surge in the consumption of
biodegradable plastics. By Application,
Packaging is currently Gaining Traction in the
Global Biodegradable Plastic Market By
Applications, Packaging, Agriculture and Consumer
Goods, Packaging is the chief use for
biodegradable plastics. Wherein flexible
packaging uses biodegradable plastics, large
multinationals in the consumer-packaged goods,
retailers, and foodservice sectors have also made
progress or declared intentions to scale
biodegradable plastic usage dramatically.
Consequently, drive the demand for biodegradable
packaging for fresh produce and food cutlery and
compostable bags across the globe. In addition,
several e-commerce giants have also prompted a
switch to biodegradable packaging, encouraging
the biodegradable demand in online goods and food
delivery.
Biodegradable Plastics Market
6
Biodegradable Plastics Market
Similarly, agriculture also uses biodegradable
plastics. The agricultural mulching film is used
to improve crop yield in many countries. The
traditional mulching film is difficult to collect
from the field and can lead to severe plastic
pollution in the soil. The biodegradable mulching
film has, therefore, been tested and developed to
be an alternative. Though its soil
biodegradability and consequences are not fully
understood, many countries have applied it to a
larger scale. Global Biodegradable Plastic
Industry will grow with a CAGR of 8.72 during
2020-2027 Across the realms of the global
biodegradable plastic market, by material type,
Polybutylene adipate Terephthalate (PBAT), Polybut
ylene Succinate (PBS), Polylactic
Acid (PLA), Polyhydroxyalkanoate (PHA), and
Starch Blends are most renowned. Amongst the
variants, starch blends emerge as the global
leader in market share in the worldwide market.
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Biodegradable Plastics Market
7
Biodegradable Plastics Market
Moreover, the commercial development of starch
blends has gone through several phases. Starch
blend being inexpensive and readily available
compared to other natural polymers with
additional biodegradability makes it a popular
material to expand biodegradable plastics.
Exceptionally, starch-bends are used in end-use
industries such as packaging, automobiles, and
agriculture. On the other hand, PHA is majorly
employed in medical applications such as drug
encapsulation and medical implants. Other medical
uses comprise tissue engineering, bone marrow
scaffolds, and bone plates. Additionally, PHA is
also used to produce compost bags, agriculture
foil and films, packaging for food and beverages,
and consumer goods, thereby feeding the growth of
PHA globally.
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Biodegradable Plastics Market
8
Biodegradable Plastics Market
Currently, Europe has the most extensive
production capabilities and regional development.
The robust automotive industry and the increasing
demand for bio-plastic-based packaging products
by various manufacturers in Europe expect to
favour the market's demand. The expanding
packaging industry in the region shall further
bolster regional growth due to the expanding
market for lightweight automobile parts and
electronic goods. In addition, the growth of the
biodegradable plastics market in Asia-Pacific is
attributed to the apparent availability of raw
materials utilised to produce biodegradable
plastics. However, the future development of
biodegradable plastics in Asia-Pacific is highly
attributable to the awareness about biodegradable
plastics as a viable option to conventional
plastics and price reduction.
Biodegradable Plastics Market
9
Biodegradable Plastics Market
Key Companies Insights The global competition
among the players exists in the market due to
many players present across the regions.
Moreover, the demand for biodegradable plastic is
poised to increase in both developed and
developing economies. Hence, the key market
players are spending in research and development
to include biodegradable plastic products, which
are strong and readily degradable in the natural
environment. Major players in the industry
include Total Corbion (Netherlands), Mitsubishi
Chemical Holding Corporation (Japan), Toray
Industries (Japan), Biome Bioplastics (UK) and
GREEN DOT BIOPLASTICS Renub Research latest
report Biodegradable Plastic Market, Global
Forecast By Material Type (Polybutylene adipate
Terephthalate (PBAT), Polybutylene Succinate
(PBS), Polylactic Acid (PLA), Polyhydroxyalkanoate
(PHA), and Starch Blends), Applications
(Packaging, Agriculture and Consumer Goods),
Region (North America, Europe, Asia Pacific, The
Middle East and Africa and Latin America),
Companies (Total Corbion (Netherlands),
Mitsubishi Chemical Holding Corporation (Japan),
Toray Industries (Japan), Biome Bioplastics (UK)
and GREEN DOT BIOPLASTICS) provides a detailed
analysis of Global Biodegradable Plastic Industry.
Biodegradable Plastics Market
10
Biodegradable Plastics Market
Material Type Global Biodegradable Plastic
Market Volume have been covered from 6
viewpoints 1.    Polybutylene adipate
 Terephthalate (PBAT)2.    Polybutylene
Succinate (PBS)3.    Polylactic Acid (PLA)4.  
 Polyhydroxyalkanoate (PHA)5.    Starch
Blends6.    Others Applications Global
Biodegradable Plastic Market have been covered
from 4 viewpoints 1.    Packaging 2.  
 Agriculture3.    Consumer Goods 4.    Others
Biodegradable Plastics Market
11
Biodegradable Plastics Market
Global Forecast For Biodegradable Plastics Market
Share () - by Region (2021 - 2027)
Source Renub Research Analysis Note
These are dummy figures actual data given in the
report
Biodegradable Plastics Market
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Biodegradable Plastics Market
Regions Global Biodegradable Plastic Market
have been covered from all the 5 regions 1.  
 North America 2.    Europe3.    Asia
Pacific 4.    The Middle East Africa5.  
 Latin America Company Insights   
 Overview     Recent Developments    Sales
Analysis Companies Covered 1.    Total Corbion
(Netherlands) 2.    Mitsubishi Chemical Holding
Corporation (Japan)3.    Toray Industries
(Japan) 4.    Biome Bioplastics (UK)5.    GREEN
DOT BIOPLASTICS
Biodegradable Plastics Market
13
Biodegradable Plastics Market
Biodegradable Plastics Market
14
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Biodegradable Plastics Market
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