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Biodegradable plastics companies are adopting new emerging technologies in the market, mainly to reduce the costs and to compete with conventional plastic, as per The Business Research Company’s biodegradable plastics market opportunities and strategies report.

The biodegradable plastics is expected to grow from $4.39 billion in 2021 to $9.13 billion in 2026 at a rate of 15.7%. The global biodegradable plastics market size is expected to grow to $18.77 billion in 2031 at a compound annual growth rate (CAGR) of 15.5%.

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Major players in the biodegradable plastics market include BASF SE, Mitsubishi Chemical Holding, Corporation, Kaneka Corporation, Novamont SpA, Corbion N.V. (Total Corbion PLA).

Integrating antimicrobial technology in to biodegradable polymers is a key trend gaining adoption in the biodegradable plastics market.

The Global Biodegradable Plastics Market Is Segmented:
By Type: Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), PHA (Poly Hydroxy Alkenoates), Starch Blends, Other Types

By End User: Packaging, Agriculture, Consumer Goods, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global biodegradable plastics market.

TBRC’s Biodegradable Plastics Market Report Covers:

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Biodegradable Plastics Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough biodegradable plastics market research, analyzes and forecasts biodegradable plastics market size, biodegradable plastics market share, biodegradable plastics market players, biodegradable plastics market trends, biodegradable plastics market segmentation and geographies, leading competitor revenues, profiles and market shares.

TBRC’s biodegradable plastics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

The biodegradable plastics market consists of sales of biodegradable plastics by entities (sole traders, partnership, organizations). Biodegradable plastics are used in the application of organic waste collection, food packaging, agricultural and horticultural use, and disposable tableware. Biodegradable plastics are polymers that can be degraded by microorganisms into carbon dioxide, water, and biomass.

View Similar Reports From The Business Research Company:

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