Oct 25, 2018   SOURCE: BusinessWire

$6.12 Billion Biodegradable Plastics Market by Type, End Use Industry, and Region - Global Analysis & Forecast to 2023 - ResearchAndMarkets.com

The "Biodegradable Plastics Market by Type, End Use Industry, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The market size of biodegradable plastics is expected to reach USD 6.12 billion by 2023 from USD 3.02 billion in 2018, at a CAGR of 15.1%.

The growth of the packaging & bags industry is driving the market for biodegradable plastics. Consumer awareness toward sustainable plastic solutions and pervasive efforts to eliminate the use of non-biodegradable conventional plastics is contributing to the market growth of biodegradable plastics.

Biodegradable plastics is widely used in the packaging & bags industry. It is expected to be the fastest-growing end-use industry segment of the biodegradable plastics market between 2018 and 2023. Biodegradable plastics are used for manufacturing bottles, loose-fill, cups, pots, bowls, flexible films, and other products. Thermoset plastics (soy polyurethanes and unsaturated polyester resins) and thermoplastics (PLA, starch blends, PBS, PHA, and cellulose) are the two types of biodegradable plastics mainly used in the packaging industry.

The report also provides company profiles and detailed competitive strategies adopted by major market players, such as NatureWorks (US), BASF (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical Corporation (Japan), and Biome Bioplastics (UK).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Biodegradable Plastics Market, By Type

7 Biodegradable Plastics Market, By End-Use Industry

8 Biodegradable Plastics Market, By Region

9 Competitive Landscape

10 Company Profiles

  • Api S.P.A
  • BASF SE
  • Bio-Fed
  • Bio-On
  • Biome Bioplastics
  • Carbiolice
  • Clondalkin
  • Danimer Scientific
  • Fkur Kunststoff GmbH
  • Green Dot Bioplastics
  • Indochine Bio Plastiques (Icbp) Sdn. Bhd
  • Mitsubishi Chemical Corporation
  • Natureworks
  • Newlight Technologies
  • Novamont S.P.A.
  • Perstorp
  • Plantic Technologies
  • Sphere
  • Succinity GmbH
  • Synbra Technology Bv
  • Tianan Biologic Materials Co.
  • Tianjin Greenbio Materials Co., Ltd
  • Toray Industries
  • Total Corbion PLA
  • Zhejiang Hisun Biomaterials Co., Ltd

For more information about this report visit https://www.researchandmarkets.com/research/kpjsqj/6_12_billion?w=4