The Biodegradable Plastics Market Research Report provides value chain analysis on the revenue for the forecast period 2016-2023 and estimates for each application in terms of market size, share, trend and growth. Biodegradable plastics are plastics which self-decompose naturally due to bacterial decomposition. These plastics are categorized into bio-plastics and plastics from petrochemicals. Biodegradable plastics are extensively used in various industrial applications. Biodegradable plastics are environment friendly as they do not pose harm to the environment. This feature of biodegradable plastics increases its market potential substantially.
Global biodegradable plastics market is analyzed on the basis of application and product. Applications bifurcate global biodegradable plastics market into textile, packaging, injection molding, agriculture and others including electronic, medical, etc. Based on product this market is segmented as polybutylene succinate, polycaprolactone, starch-based, polylactic acid, polyhydroxyalkanoates and regenerated cellulose. Polylactic acid is the most prominent product segment due to its wide industrial applications.
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Biodegradable plastics are widely used in packaging of food and beverages which is a significant factor to escalate the growth of this market. In addition, biological factor of biodegradable plastics coupled with some electronic applications further propels the growth of this market. Awareness among people for the use of biological and eco-friendly materials accompanied by government ban on conventional plastics is expected to remain the key factor for the rapid growth of this market. High initial cost for the production of biodegradable plastic will act as a market restraint.
Best Region Of Markets :
Europe is the prominent leader of this market owing to its market maturity. Asia Pacific and North America are expected to witness tremendous growth over the forecast period. MEA and Latin America are emerging regions of this market with steady growth rate. Major companies in this market include BASF SE, Biome Technologies PLC, Metabolix Inc., Mitsubishi Chemical Corporation, NatureWorks LLC and Plantic Technologies Ltd.
Market Report Analysis By :
Decision Databases is involved in providing research reports and company profiles in the global biodegradable plastics market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The biodegradable plastics market is segmented based on the global applications, geographic presence, by products and ingredients.
Segmentations In Report :
Biodegradable Plastics Market By Product :
– Polylactic Acid
– Polybutylene Succinate
Biodegradable Plastics Market By Application :
– Injection Molding
Biodegradable Plastics By Geography :
– Asia Pacific
– North America
More Related Report :
The living organisms naturally produce sodium lactate as a by-product of the glycolysis. It is also known as lactic acid sodium salt, which has a mild saline taste. It acts as safe preservative. Sodium lactate has a high water holding capacity as well as buffering properties for food and personal care uses.