The report on the Global Synthetic & Bio-Based Biodegradable Plastics Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Biodegradable materials are the constituents that are easily decomposed naturally through microorganisms. Biodegradable plastics include a wide range of materials which are synthetic, bio-based, biodegradable, or both bio-based and biodegradable. The biodegradable plastics are used in the agriculture, packaging, consumer electronics, gastronomy, and automotive industries. The key factors which are used to distinguish biodegradable plastics from conventional plastic are renewability and availability.
The synthetic and bio based biodegradable plastics is segmented by types as synthetic biodegradable plastics and bio-based biodegradable plastics. The synthetic biodegradable plastics is further classified into polycaprolactone (PCL) and polybutylene succinate (PBS). The bio based biodegradable plastics are classified into starch based plastics, polylactic acid (PLA) and polyhydroxyalkanoates (PHA). The synthetic and bio based biodegradable plastics is segmented by application as packaging, transportation, agriculture, electronics, textiles and others. The packing industry has the largest market share among the application segment and is expected to grow during the forecast period.
The key driver affecting the growth of synthetic and bio-based biodegradable plastics market is increasing demand for eco-friendly materials, especially packaging industry. The favorable government regulations for the use of biodegradable products, ecofriendly packaging is going to boost the market. The increasing consumer awareness for environment friendly products is helping to boost the market. The key constraints of this market are high cost of production and absence of technological advancements.
Europe is the largest producer as well as the consumer and is expected to continue its dominance during the forecast period.
The major players operating in this market are:
- Vegeplast SAS
- Cereplast Inc
- Natureworks LLC
- Mitsubishi Chemical Corporation
- Novamont SPA
- Biome Technologies PLC
- Futerro SA
- BIOP Biopolymer Technologies AG
SEGMENTATIONS IN REPORT:
Synthetic & Bio-Based Biodegradable Plastics By Types
- Synthetic Biodegradable Plastics
- Polycaprolactone (PCL)
- Polybutylene Succinate (PBS)
- Bio-Based Biodegradable Plastics
- Starch based plastics
- Poly Lactic acid (PLA)
- Polyhydroxyalkanoates (PHA)
Synthetic & Bio-Based Biodegradable Plastics by Applications
- Packaging
- Transportation
- Agriculture
- Electronics
- Textiles
- Others
Synthetic & Bio-Based Biodegradable Plastics By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East And Africa
The Global Synthetic & Bio-Based Biodegradable Plastics Market has been exhibited in detail in the following chapters -
Chapter 1 Synthetic & Bio-Based Biodegradable Plastics Market Preface
Chapter 2 Executive Summary
Chapter 3 Synthetic & Bio-Based Biodegradable Plastics Industry Analysis
Chapter 4 Synthetic & Bio-Based Biodegradable Plastics Market Value Chain Analysis
Chapter 5 Synthetic & Bio-Based Biodegradable Plastics Market Analysis By Types
Chapter 6 Synthetic & Bio-Based Biodegradable Plastics Market Analysis By Applications
Chapter 7 Synthetic & Bio-Based Biodegradable Plastics Market Analysis By Geography
Chapter 8 Competitive Landscape Of Synthetic & Bio-Based Biodegradable Plastics Companies
Chapter 9 Company Profiles Of Synthetic & Bio-Based Biodegradable Plastics Industry