The biodegradable plastics market is expected to grow from an estimated USD 13.21 billion in 2024 to USD 80.30 billion in 2033, at a CAGR of 22.20%. Biodegradable plastics are growing considerably because of the awareness toward environmental sustainability and to halt the adverse impacts of regular plastic products. Prepared from renewable sources, such as starch and plant-based oils, in conjunction with other organic materials, biodegradable plastics can serve as a more environmentally friendly alternative for traditional plastics because they readily decompose without causing pollution or waste buildup. 

The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Biodegradable Plastics market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Biodegradable Plastics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

BASF SE, NatureWorks LLC, DuPont, TotalEnergies, Danimer Scientific, Novamont, Mitsubishi Chemical Corporation, PLA BioPlastics, Total Corbion PLA, Green Dot Bioplastics.

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Emergen Research has segmented the global Biodegradable Plastics market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

• PLA
• Starch Blends
• PBAT
• PHA
• PBS

By End-Use Industry Outlook (Revenue, USD Million; 2020-2033)

• Packaging
• Consumer Goods
• Textiles
• Agriculture & Horticulture

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Benelux
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Turkey
  • Rest of MEA

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

• Analysis and estimation of the Biodegradable Plastics Market size and share for the projected period of 2022-2030
• Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
• Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Biodegradable Plastics Market
• Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
• Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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