The market size of biodegradable plastics was valued at USD 9.75 billion in 2022. It is projected to reach USD 58.11 billion by 2030, exhibiting a remarkable compound annual growth rate (CAGR) of 25.0% during the forecast period from 2023 to 2030.
Biodegradable plastics Market Latest have emerged as a significant player in the global market, driven by increasing environmental concerns and a growing emphasis on sustainable practices. These plastics, which can decompose naturally over time, offer a promising alternative to traditional plastics that persist in the environment for centuries.
The market's exponential growth can be attributed to several factors. Firstly, stringent regulations and policies implemented by governments worldwide to reduce plastic waste have fueled the demand for biodegradable plastics. Additionally, the rising consumer awareness regarding the adverse effects of non-biodegradable plastics on ecosystems and human health has further propelled the market's expansion.
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Market Segmentation:
By Type:
- PLA
- Starch Blends
- PHA
- Biodegradable Polyesters
- PCL
- PBAT
- PBS
- Others
- Regenrative Cellulose
- Cellulose Derivative
By End-Use Industry:
Packaging
- Rigid Packaging
- Flexible Packaging
- Consumer Goods
- Electrical Appliances
- Domestic Appliances
- Others
Textiles
- Medical & Healthcare Textile
- Personal care, clothes and other textiles
- Agriculture & Horticulture
- Tapes & Mulch Films
- Others
Key players:
The Key Players are Fkur Kunstsoff, BASF, Danimer Scientific, Novamont, Biome Bioplastics, Toray Industries, NatureWorks, Plantic Technologies, Mitsubishi Chemical Holding Corporation , Total Corbion & Other Players.
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Biodegradable Plastics Market Latest By Coating type
9.Emulsion Biodegradable Plastics Market Latest By End Use
10.Emulsion Biodegradable Plastics Market Latest By Application
11.Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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