Global Synthetic & Bio-Based Biodegradable Plastics Market Report From 2018 To 2025
The report provides a transparent image of this Synthetic & Bio-Based Biodegradable Plastics Market situation and therefore the expected way forward for the trade. The report focuses on the premise of market drivers, restraints, growth, trends, and forecast for the period of 2018-2025. Additionally, the report conjointly maps the market performance by price chain analysis which can facilitate in higher product differentiation beside the analysis of every phase in terms of size, share, market attractiveness index and rate of growth.
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.
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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 report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as Vegeplast SAS, Cereplast Inc, Natureworks LLC, Mitsubishi Chemical Corporation, Novamont SPA, Biome Technologies PLC, Futerro SA and BIOP Biopolymer Technologies AG. Geographically, this market has been segmented into regions such as North America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
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.
Major Table Of Contents:
1.Introduction
2.Executive Summary
4.Synthetic & Bio-Based Biodegradable Plastics Market Analysis By Types
5.Synthetic & Bio-Based Biodegradable Plastics Market Analysis By Applications
6.Synthetic & Bio-Based Biodegradable Plastics Market Analysis By Geography
7.Competitive Landscape Of Synthetic & Bio-Based Biodegradable Plastics Companies
8.Company Profiles Of Synthetic & Bio-Based Biodegradable Plastics Industry
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