Synthetic & Bio-Based Biodegradable Plastics Market evaluates the market share held by the key Players of the industry and offers a full assessment of the competitive landscape. This market is fragmented into different segments with the insightful analysis of each segment with respect to the geography for the study period. Based on the historical data, the report evaluation future prospects and provides the market trends, size, growth, and estimation for the period 2018-2025.
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 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 player assessed in the report are:
- Vegeplast SAS
- Cereplast Inc
- Natureworks LLC
- Mitsubishi Chemical Corporation
- Novamont SPA
- Biome Technologies PLC
- Futerro SA
- BIOP Biopolymer Technologies AG
- Others
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
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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