Report ID: SQMIG15A2113
Biodegradable Plastic Market Size, Share, Growth Analysis, By Type(PLA, Starch Blends, PHA, Biodegradable Polyesters), By End-Use(Packaging, Consumer Goods, Textile, Agriculture & Horticulture), By Application(Packaging, Consumer Goods, Agriculture), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2113 |
Region:
Global |
Published Date: February, 2024
Pages:
270
|
Tables:
92 |
Figures:
76
Biodegradable Plastic Market Dynamics
Biodegradable Plastic Market Driver
- Increasing awareness about environment-friendly biodegradable plastics, favorable government policies, high consumer acceptance, legislative backing for developing degradable packaging materials, and availability of renewable raw material sources for production are some of the major factors driving growth of biodegradable plastic market. Many Developed and developing countries have already banned single-use plastic and are planning to impose stricter norms in the years to come. This banned has created an opportunity for the manufacturers to work towards more sustainable materials like biodegradable plastics.
- Globally, numerous countries are targeting net zero-emission to prevent climate catastrophe. Apart from that, even companies are trying to achieve and focus more on a sustainable solution. From agricultural produce to ready to consume goods, all required packaging materials that can be replaced by biodegradable plastics. Thus, it is adding more value to the global biodegradable plastic market.
Biodegradable Plastic Market Restraint
- Higher cost of biodegradable plastic products than regular plastic and it comes from high raw material prices and limited availability of raw materials.
Biodegradable Plastic Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
