Biologically synthesized plastics are the plastics produced from natural origins, such as plants, animals, or micro-organisms. Bio-based plastics are made in whole or part from renewable biological resources. For example, sugar cane is processed to produce ethylene, which can then be used to manufacture, for example, polyethylene. Starch can be processed to produce lactic acid and subsequently, polylactic acid (PLA).
MARKET DYNAMICS
The synthetic and bio-based biodegradable plastics market has witnessed a significant growth owing to factors such as rising demand for chemical industry. Moreover, the increasing number of researches, government support in form of tax refunds to green packaging companies and growing consumer awareness for decreasing waste provide a huge market opportunity for the key players operating in the synthetic and bio-based biodegradable plastics market. However, volatile prices is projected to hamper the overall growth of the synthetic and bio-based biodegradable plastics market.
MARKET SCOPE
The "Global Synthetic and Bio-Based Biodegradable Plastics Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the synthetic and bio-based biodegradable plastics market with detailed market segmentation product, application, and geography. The global synthetic and bio-based biodegradable plastics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading synthetic and bio-based biodegradable plastics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global synthetic and bio-based biodegradable plastics market is segmented on the basis of product and application. On the basis of product, the global synthetic and bio-based biodegradable plastics market is divided into synthetic biodegradable plastic and bio-based biodegradable plastics. On the basis of application, the global synthetic and bio-based biodegradable plastics market is divided into packaging, transportation, agriculture, electronics, textiles and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global synthetic and bio-based biodegradable plastics market based on various segments. It also provides marketsize and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The synthetic and bio-based biodegradable plastics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the synthetic and bio-based biodegradable plastics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the synthetic and bio-based biodegradable plastics market in these regions.
MARKET PLAYERS
The reports cover key developments in the synthetic and bio-based biodegradable plastics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market pl ayers from synthetic and bio-based biodegradable plastics market is anticipated to lucrative growth opportunities in the future with the rising demand for synthetic and bio-based biodegradable plastics in the global market. Below mentioned is the list of few companies engaged in the synthetic and bio-based biodegradable plastics market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the synthetic and bio-based biodegradable plastics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
BASF AG
Biocor LLC
BIOTEC GmbH and Co. KG
Cereplast Inc
Dow Chemicals
Du Pont
Futerro SA
Kaneka Corp
Mitsubishi Chemical Corp
Natureworks LLC
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