Global Biodegradable Plastic Market (2022 to 2027) – by Type, End Use and Geography – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Global Biodegradable Plastics Market (2022-2027) by Type, End-Use, Geography, Competitive Analysis and Covid-19 Impact with Ansoff Analysis” has been added to from ResearchAndMarkets.com offer.

The Global Biodegradable Plastic Market is estimated to be valued at USD 8.21 Billion in 2022 and is projected to reach USD 19.76 Billion by 2027, growing at a CAGR of 19.2%.

Market dynamics are forces that are impacting pricing and stakeholder behaviors in the global Biodegradable Plastics market. These forces create price signals that result from changes in the supply and demand curves for a given product or service. The forces of market dynamics can be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals.

As market dynamics impact supply and demand curves, policymakers aim to determine how best to use various financial tools to stem various strategies aimed at accelerating growth and reducing risk.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Ansoff analysis

The report presents a detailed analysis of the Ansoff matrix for the global biodegradable plastics market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is ​​also used for risk analysis to understand the risk associated with each approach.

The analyst analyzes the global biodegradable plastics market using the Ansoff Matrix to provide the best approaches a company can take to improve its position in the market.

Based on the SWOT analysis done on the industry and industry players, the analyst has designed appropriate strategies for market growth.

Why buy this report?

  • The report offers a comprehensive assessment of the global biodegradable plastics market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.

  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of Covid-19 on the market is also presented in the report.

  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s proprietary competitive positioning tool.

Market dynamics

Drivers

  • Changing consumer preferences towards environmentally friendly plastic products

  • Growing use in packaging and compostable bag applications

  • Government focus on green procurement policies and regulations

Constraints

  • Higher prices for biodegradable plastics than conventional plastics

Opportunities

  • Development of new applications

  • Strong potential in emerging APAC countries

Challenges

  • Performance issue

  • Fluctuating oil prices create volatility in demand for biodegradable plastics

Market segmentation

The global biodegradable plastics market is segmented on the basis of type, end-use, and geography.

  • By Type, the market is categorized into polylactic acid (PLA), polybutylene adipate terephthalate (PBAT), polybutylene succinate (PBS), polyhydroxyalkanoate (PHA), and starch-based.

  • By end use, the market is categorized into Packaging, Agriculture, Consumer Goods, and Others.

  • By Geography, the market is categorized into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Companies cited

  • Agrana Group

  • Akro-Plastic

  • BASF SE

  • Biome Bioplastics Ltd

  • Biome Technologies

  • Bio-on

  • Corbion

  • Corbion S.A.

  • Animating Science

  • Dow Inc.

  • Eastman Chemical Company

  • FKuR Kunststoff GmbH

  • Green Dot Bioplastics Inc.

  • Ingenuity

  • Kuraray Co.Ltd

  • Mitsubishi Chemical Holdings Corp.

  • NatureWorks LLC

  • Novamont SpA

  • Plantic Technologies Ltd

  • PTT Global Chemical

  • Rengo Co.Ltd

  • Sphere

  • Toray Industries Inc

For more information about this report visit https://www.researchandmarkets.com/r/ou6fdy