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The Global Biodegradable Plastics Market Size, Scope, and Forecast 2023-2029 report has been added to the Market research collection of Exactitude Consultancy reports. Industry experts and researchers have offered an authoritative and concise analysis of the Biodegradable Plastics Market with respect to various aspects such as growth factors, challenges, restraints, developments, and opportunities for growth. This report provides a pin-point analysis of changing dynamics and emerging trends in the Biodegradable Plastics Market. Additionally, it provides a futuristic perspective on various factors that are likely to fuel the growth of the Worldwide Biodegradable Plastics Market in the coming years.

Biodegradable plastics market size was valued at USD 5.9 billion in 2022 and is projected to reach USD 43.95 billion by 2029, growing at a CAGR of 25% from 2023 to 2029.

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Some of the key players profiled in the study are Cargill Incorporated, Mitsubishi Chemical Corporation and NatureWorks, Biome, Plantic, BIO-ON, Danimer Scientific, Novamont S.p.A., TORAY INDUSTRIES, INC., NatureWorks LLC, BASF SE, Total Corbion PLA, Perstorp, K.D. FEDDERSEN, UrthPact, LLC, Indochine Bio Plastiques (ICBP) Sdn. Bhd., TianAn Biologic Materials Co. Ltd., FKuR Kunststoff GmbH, Biotec Pvt. Ltd., Minima, BioGreen, Evonik Industries AG, CLONDALKIN GROUP and Cargill Incorporated among other. and other Prominent players.

Drivers

·         Increasing environmental awareness and concerns about plastic pollution

·         Government regulations and bans on conventional plastics

·         Growing demand for sustainable packaging solutions

·         Rising consumer preference for eco-friendly products

Restraints

·         Higher cost of biodegradable plastics compared to conventional plastics

·         Limited availability of biodegradable plastics

·         Lack of standardized composting facilities

Opportunities

·         Development of new and innovative biodegradable polymers

·         Increasing adoption of biodegradable plastics in new applications, such as agriculture, medical devices, and electronics

·         Growing investments in biodegradable plastics production and research

Challenges

·         Fluctuating prices of raw materials used in biodegradable plastics production

·         Lack of consumer awareness about biodegradable plastics

·         Need for improved composting infrastructure

The segmental analysis section of the report includes a thorough research study on key Type and application segments of the Biodegradable Plastics market

Biodegradable Plastics Market by Type, 2023-2029, (USD Million) (Kilotons)

PLA

Starch Blends

PHA

PBAT

PBS

Biodegradable Polyesters

Biodegradable Plastics Market by End Use Industry, 2023-2029, (USD Million) (Kilotons)

Packaging

Consumer Goods

Textile

Agriculture & Horticulture

If opting for the Global version of Biodegradable Plastics Market; then the below country analysis would be included:

– North America (the USA, Canada, and Mexico)

– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)

– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)

– South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)

– the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

Important years considered in the Biodegradable Plastics study:

Historical year – 2018-2021;
Base year – 2022;
Forecast period** – 2023 to 2029 [** unless otherwise stated]

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Here's how Exactitude Consultancy helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The researchers analyse recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures.

Perfect Market Size Estimations: The report analyses the demographics, growth potential, and capability of the Biodegradable Plastics market through the forecast period.

This factor leads to the estimation of the Biodegradable Plastics market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular Biodegradable Plastics market that will help the stakeholders to be aware of the current investment scenario across the market.

Reasons to Procure this Report:

1)      The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

2)      The report provides Biodegradable Plastics market revenues at the worldwide, regional, and country levels with a complete analysis to 2029 permitting companies to analyze their market share and analyze projections, and find new markets to aim for.

3)      The research includes the Biodegradable Plastics market split by different Types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

4)      Biodegradable Plastics market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

5)      This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

6)      The study helps evaluate Biodegradable Plastics business predictions by region, key countries, and top companies’ information to channel their investments.

What is new in 2023?

- Major developments that can change the business landscape as well as market forecasts.

- Addition/refinement in segmentation–Increase in depth or width of segmentation of the market.

- Coverage of new market players and change in the market share of existing players of the Biodegradable Plastics market.

- Updated financial information and product portfolios of players operating in the Biodegradable Plastics market.

- Updated market developments of the profiled players.

- Any new data points/analysis (frameworks) which was not present in the previous version of the report

The new edition of the report consists of trends/disruptions on customer’s business, tariff and regulatory landscape, pricing analysis, and a market ecosystem map to enable a better understanding of the market dynamics for Biodegradable Plastics.

Customization services available with the report:

- Country level market for Biodegradable Plastics market (up to 5)
- Profiling and additional market players (up to 5)
- Up to 40 hours of customization.
- post-sales support for 1 year from the date of delivery.

Please contact our sales professional ( sales@exactitudeconsultancy.com ), we will ensure you obtain the report which works for your needs.

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