(EnergyIndustry.Net, June 13, 2018 ) Biodegradable Plastics market is accounted for $2.1 billion in 2015 and is expected to reach $4.46 billion by 2022 growing at a CAGR of 11.3% from 2015 to 2022. Factors such as increasing consumer awareness towards eco-friendly products, shifting consumer preference from synthetic products to cleaner and eco-friendly substitutes, demand from conventional end-user industries and use of renewable & bio-based raw materials are fuelling the market growth. However, performance issues of biodegradable and plastics are inhibiting the market growth. Further, decreasing costs of biodegradable plastics manufacturing, biodegradable plastics packaging products particularly in emerging economies and environmental legislation in various countries provides ample opportunity for the market to expand.
The polylactic acid is projected to be the fastest growing segment because of demand from major packaging materials in industries such as food & beverages, textiles and tissue engineering. While, the starch-blend segment of type dominates the market during the forecast period. The packaging segment availed to be the largest share in the overall biodegradable plastics market owing to their superior properties. Europe is anticipated to be the largest market for biodegradable plastics because of growing R&D investments in the bioplastics sector by both public and private sectors. North America is expected to have significant growth in biodegradable plastics market. Asia Pacific region is the fastest growing market due to rising domestic demand.
Some of the key players in global Biodegradable Plastics market are BioBag International AS, BIOP Biopolymers Technologies GmbH, BIOTEC GmbH & Co., BASF SE, Biome Technologies PLC, Bio-On SRL, Corbion NV (PURAC), FKuR Kunststoff GmbH, Futerro, Meredian Inc, Mitsubishi Chemical Corp, Natureworks LLC, Mondi Group, Smurfit Kappa Group, Huhtamaki, Inc, Pyramid Bioplastics Guben Gmbh, Tianan Biologic Materials Co. Ltd. and Zhejiang Hisun Biomaterials Co.
2 Preface 2.1 Abstract 2.2 Stake Holders 2.3 Research Scope 2.4 Research Methodology 2.4.1 Data Mining 2.4.2 Data Analysis 2.4.3 Data Validation 2.4.4 Research Approach 2.5 Research Sources 2.5.1 Primary Research Sources 2.5.2 Secondary Research Sources 2.5.3 Assumptions
4 Porters Five Force Analysis 4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry
5 Global Biodegradable Plastics Market, By Application 5.1 Introduction 5.2 Agriculture and Horticulture 5.3 Automotive 5.4 Textile 5.5 Injection Molding 5.6 Packaging 5.7 Other Applications 5.7.1 Electronic 5.7.2 Bio-Medicine
6 Global Biodegradable Plastics Market, By Type 6.1 Introduction 6.2 Polyester 6.3 Polyhydroxyalkanoate (PHA) 6.4 Polylactic Acid (PLA) 6.5 Polycaprolactone (PCL) 6.6 Poly-3-Hydroxybutyrate (PHB) 6.7 Polybutylene Succinate (PBS) 6.8 Starch Blends 6.9 Regenerated Cellulose 6.10 Other Types
7 Global Biodegradable Plastics Market, By Geography 7.1 North America 7.1.1 US 7.1.2 Canada 7.1.3 Mexico 7.2 Europe 7.2.1 Germany 7.2.2 France 7.2.3 Italy 7.2.4 UK 7.2.5 Spain 7.2.6 Rest of Europe 7.3 Asia Pacific 7.3.1 Japan 7.3.2 China 7.3.3 India 7.3.4 Australia 7.3.5 New Zealand 7.3.6 Rest of Asia Pacific 7.4 Rest of the World 7.4.1 Middle East 7.4.2 Brazil 7.4.3 Argentina 7.4.4 South Africa 7.4.5 Egypt
8 Key Developments 8.1 Agreements, Partnerships, Collaborations and Joint Ventures 8.2 Acquisitions & Mergers 8.3 New Product Launch 8.4 Expansions 8.5 Other Key Strategies
9 Company Profiling 9.1 BioBag International AS Metabolix Inc. 9.2 BIOP Biopolymers Technologies GmbH 9.3 BIOTEC GmbH & Co. 9.4 BASF SE 9.5 Biome Technologies PLC 9.6 Bio-On SRL 9.7 Corbion NV (PURAC) 9.8 FKuR Kunststoff GmbH 9.9 Futerro 9.10 Meredian Inc 9.11 Mitsubishi Chemical Corp 9.12 Natureworks LLC 9.13 Mondi Group 9.14 Smurfit Kappa Group 9.15 Huhtamaki, Inc 9.16 Pyramid Bioplastics Guben Gmbh 9.17 Tianan Biologic Materials Co. Ltd. 9.18 Zhejiang Hisun Biomaterials Co