1 / 3

Biodegradable Plastics Market Scope- Strategic Trends Growth, Revenue till 2023

Biodegradable plastic can be disposed through the process of composting. Several cases of improper composting have landed biodegradable plastics in landfills.

Download Presentation

Biodegradable Plastics Market Scope- Strategic Trends Growth, Revenue till 2023

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Impact of COVID-19 on Biodegradable Plastics Market Scope: Implications on Business Revenue Growth Analysis till 2023 The demand within the global ​biodegradable plastics market​ is growing on account of advancements in green packaging. Plastic manufacturing has witnessed a downfall post the turn of the 21​st​ century. Several countries and regions have banned the use of plastics in green zones, and this has placed a toll on plastic manufacturers. However, near irreplaceability of plastics across multiple industries such as packaging and retail has shifted the focus towards biodegradable plastics. This factor, coupled with the development of eco-friendly standards across the globe, has driven market demand. ​Transparency Market Research (TMR) finds that the global biodegradable plastic market shall expand at a whopping CAGR of 9.9% over the period between 2015 and 2023. Furthermore, the total revenues within the global biodegradable plastics market shall touch US$17.66 bn by 2023-end, rising up from a value of US$9.10 bn in 2016. Growing inclination of industrial and residentials units towards the use of biodegradable plastic shall aid market growth. Request for Report Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9158 Biodegradable plastic can be disposed through the process of composting. Several cases of improper composting have landed biodegradable plastics in landfills. This factor has led energy scientists to develop errorless methods for composting and plastic recycling. Hence, the global biodegradable plastics market is expected to grow with advancements in the domains of composting, calcination, and incineration. Several researchers assert that the use of biodegradable plastics is a pragmatic solution to inhibit plastic pollution. Furthermore, the need for smooth transition from plastic usage to biodegradable alternatives mandates the use of biodegradable plastics at this intermediate stage. However, researchers are on the lookout to find the right mix of methods for manufacturing and using biodegradable plastics. The revenue index of the global biodegradable plastics market is expected to improve in the years to follow.

  2. Explore Transparency Market Research’S Award-Winning Coverage of the Global Industry @ https://www.prnewswire.com/news-releases/mining-chemicals-market-estimated-t o-a-valuation-of-us-36-billion-by-2027-increasing-application-segments-is-key-fac tor-for-driving-global-market-notes-tmr-301017054.html Use of Biodegradable Plastics in the Packaging Industry The packaging industry has emerged as a forerunner to innovative and sustainable technologies. Green packaging standards have reflected on the portfolio of packaging companies. Moreover, packaging units have earned a rapport of being responsive and accountable towards the environment. Therefore, the biodegradable plastics market is expected to reach a threshold value of revenues in the years to follow. Biodegradable plastics are termed as one of the most favoured means of packaging by scientist. Unlike normal plastics, biodegradable plastic does not contribute to the growing toll of degenerate waste. Besides, the process of incineration can work for biodegradable plastics. Despite the proven efficiency of biodegradable plastics, end-users have legal obligations to emblazon warning for consumers. Several plastic manufacturers claim to manufacture biodegradable plastics. However, other vendors and research institutes often contest such assertions on grounds of core research. Request for Covid-19 Impact Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19& rep_id=9158 Industries of National Significance as Key Users of Biodegradable Plastics The demand within the global biodegradable plastics market is slated to reach new heights in the years to follow. Industries of national importance have become sound consumers of biodegradable plastics. The agriculture sector has emerged as a prominent user of biodegradable plastics in recent times. Moreover, biodegradable plastics are also used in large volumes across the textile industry. The aforementioned factors are a key consideration for vendors operating in the global market. The leading vendors are likely to expand their reigns to new and unexplored territories and industries. Some of the leading players in the global biodegradable plastics market are Mitsubishi Chemical Corporation, BASF SE, NatureWorks LLC, and Biome Bioplastics.

  3. About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Transparency Market Research, 90 State Street, Suite 700, Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email​: ​sales@transparencymarketresearch.com Website​: ​https://www.transparencymarketresearch.com

More Related