—
The market is growing at a rapid pace with continuous R&D activities undertaken by the market players, while the high costs acts as a major restraining factor for the market growth. Experts believe that the supportive government policies and favorable R&D efforts may reduce the cost in the near future.Polylactic Acid (PLA) is expected to be the largest segment, in terms of volume, with a market share around 50% of the global market. PLA is also expected to be the second fastest growing segment driven by its advanced mechanical properties and ease of processability. However, in terms of value, starch blends are projected to account for the largest share in the market due to the comparative high cost of starch blends to PLA. The packaging application segment is anticipated to be the largest segment, both in terms of market revenue and volume, with a market share of around 58% of the total market. The injection molding application is expected to register the highest CAGR during the forecast period. Biodegradable plastics are used to manufacture single use packaging materials such as shopping bags and disposable cutlery.
Request for sample here:
http://www.strategymrc.com/report/biodegradable-plastics-market
Europe is estimated to be the largest consumer of biodegradable plastics holding more than 35% of the global market share. The high growth in this region is due to strict implementation of environmental regulations which prohibits the use of petroleum based plastics. Rising environmental awareness among the general population is the major driver for the market growth in Europe. The growth is also augmented by the stringent policies and regulations implemented by government in the region. Italy has prohibited the use of plastic bags based on petroleum, whereas there is a tax levied on use of plastic bags based on petroleum in countries such as Ireland, Germany, and others. In Asia, the biodegradable polymers growth is seen due to the restricted usage of plastic bags by the government. However, biodegradable polymers consumption by Asia has not improved as much as predicted.
Access the complete report at:
http://www.strategymrc.com/report/biodegradable-plastics-market
The key players in the Biodegradable Plastics market include Amcor, Mitsubishi Chemical Corporation, Plantic Technologies Ltd., BASF SE, Biome Technologies PLC, Corbion N.V., NatureWorks LLC, Metabolix Inc., Biopac, and Meredian Inc.
Make an inquiry at:
http://www.strategymrc.com/report/biodegradable-plastics-market
Types Covered:
• Polyester
• Polylactic acid (PLA)
• Polycaprolactone (PCL)
• Polyhydroxyalkanoate (PHA)
• Poly-3-Hydroxybutyrate (PHB)
• Polybutylene Succinate (PBS)
• Starch Blends
• Regenerated Cellulose
• Others
Applications Covered:
• Agriculture
• Fibers
• Injection Molding
• Packaging
• Others
Regions Covered:
• North America
o US
o Canada
• Europe
o Germany
o France
o Italy
o UK
o Spain
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia
• Rest of the World
o Latin America
o Middle East
o Africa
o Others
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Follow us on Twitter:
https://twitter.com/StratisticsMRC
Follow us on LinkedIn at:
https://www.linkedin.com/company/stratistics-market-research-consulting-pvt-ltd?trk=mini-profile
About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Address: SMRC SALES OFFICE, 17049 King James Way, Gaithersburg, MD, 20877, USA +1-301-202-5929
Phone: +1-301-202-5929
Website: http://www.strategymrc.com/
Release ID: 209144
Google
RSS