DUBLIN--(BUSINESS WIRE)--Dec 15, 2022--

The “Biodegradable Plastics: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Biodegradable Plastics estimated at US$9.3 Billion in the year 2020, is projected to reach a revised size of US$37 Billion by 2027, growing at a CAGR of 21.8% over the analysis period 2020-2027.

Starch Blends, one of the segments analyzed in the report, is projected to record a 22.1% CAGR and reach US$11.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the PLA segment is readjusted to a revised 23.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 21.3% CAGR

The Biodegradable Plastics market in the U.S. is estimated at US$2.8 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$6.5 Billion by the year 2027 trailing a CAGR of 21.3% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.6% and 18.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.2% CAGR.

PBS Segment to Record 20.6% CAGR

In the global PBS segment, USA, Canada, Japan, China and Europe will drive the 20.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion in the year 2020 will reach a projected size of US$3.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 62 Featured) -

• API S.P.A
• BASF SE
• Bio-Fed
• Biome Bioplastics
• Bio-On
• Carbiolice
• Clondalkin
• Danimer Scientific
• Fkur Kunststoff GmbH
• Green Dot Bioplastics

What’s New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Biodegradable Plastics - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/i1q82s

View source version on businesswire.com:https://www.businesswire.com/news/home/20221215005789/en/

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KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING ENVIRONMENT PACKAGING SUSTAINABILITY CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 12/15/2022 11:06 AM/DISC: 12/15/2022 11:06 AM

http://www.businesswire.com/news/home/20221215005789/en