Home > Arts > Biodegradable Plastic Market Driven by Fossil Fuel Caused Environmental Concerns

Biodegradable Plastic Market Driven by Fossil Fuel Caused Environmental Concerns

Added: (Fri Mar 29 2019)

Pressbox (Press Release) - Global Biodegradable Plastic Market: Demand Analysis and Growth Forecast

Globally, 500 billion plastic bags are used by human and there are 13 million tonnes of plastic leakage into the ocean every year. In order to control the environmental concerns of conventional plastics such as air, water, and soil pollution, biodegradable plastics are invented. Biodegradable plastic decays naturally in the environment and it is the collection of bioplastics that are made from renewable raw materials. As per the findings of a newly published market research report by IndustryARC, the global Biodegradable Plastic Market size was around $8 billion in 2018, and the demand will be growing at an impressive CAGR of around 11% during the forecast period of 2019 to 2025.

View Full Table of Contents of Biodegradable Plastic Market :

https://industryarc.com/Report/15536/biodegradable-plastic-market.html

Increasing demand for biodegradable plastics from packaging industry and use in medical applications is driving the growth of the biodegradable plastics market. Biodegradable plastics can be metabolized in the human body through hydrolysis catalyzed by involving enzymes. Some biodegradable polymers are also designed for the use of slow release drug delivery and in the treatment of cancer for delivering the vaccines.

Global Biodegradable Plastic Market: Leading Segments

Analyst of the report says that packaging application is dominating among other diverse applications catered by the biodegradable plastic marketplace. The segment is estimated to grow with a good CAGR around 5% during the forecast period 2019-2025. The latest innovation of Aronax Technologies is the new-found demand for recyclable packaging. It mainly uses magnetic additive material for creating better moisture and air insulation. Sensitive products such as coffee and medicines are protected using this packaging material. Owing to the latest innovations, the application of biodegradable plastics in packaging is increasing massively. APAC is estimated as the key region for the growth against other regions such as North America, and Europe with a maximum share of 35% during the forecast period.

Global Biodegradable Plastic Market: Trends

Edible Bio-plastic Food Wrappers Enter the Market

By the usage of bi-products from the corn and shellfish industries, the researchers of the University of Otago are deriving edible and readily compostable food wrappers. These wraps act as an alternative to the existing petrochemical-based plastics with new features to resist heat and eat meals. In the press meet, Professor Oey mentioned that to test the toxicology of wrapping and ensure whether it is fit for human and animal consumption, The University was donated with $5000 by Otago Government in 2017.

Alternative to Plastic Straws Using Avocado pits

Biofase, a Michacon Company are using 15,000 tonnes of Avocado seeds every day to convert into bioplastic straws. Due to their potential to inflict environmental damage, plastic straws are replaced with customer friendly biodegradable avocado straws.

Manufacturing of Bioplastics by Shrimps

Angeline Arora, a schoolgirl from the Sydney High School has manufactured bioplastic from the waste shells of shrimps. She invented a method of crushing the shells in to powder, soak it in acid, and alkaline to remove contaminants by leaving pure chitin. Later chitin was mixed with fibroin; a protein from spider silk and then pressed in order to create thin sheets of bio-plastic.

Global Biodegradable Plastic Market: Competitive Landscape

Some of the key players operating in the biodegradable plastic market are Mitsubishi Chemical Corporation, Cargill Incorporated, and NatureWorks. Cargill produces various kind of biodegradable polymers in order to reduce environmental impacts and to improve the communities where humans live and work. Its Agri-pure AP-406 bio-solvent product is an alternative for the use of petroleum-based driven solvents and other light mineral oils. Due to its lowest water hazard rating WGK 1, it is freely biodegradable.



Talk to one of our sales representative about the full report by providing your details in the link below:

https://industryarc.com/support.php?id=15536


Related Reports:

A. Biopolymers Market

https://industryarc.com/Report/11739/biopolymers-market.html

B. Engineering Plastics Market

https://industryarc.com/Report/15507/engineering-plastics-market.html


What can you expect from the report?

The Biodegradable Plastic Market is Prepared with the Main Agenda to Cover the following 20 points:

1. Biodegradable Plastic Market Size by Product Categories & Application

2. Biodegradable Plastic Market trends & Relevant Market Data

3. Manufacturer Landscape

4. Distributor Landscape

5. Pricing Analysis

6. Top 10 End-user Analysis

7. Product Benchmarking

8. Product Developments

9. Mergers & Acquisition Analysis

10. Patent Analysis

11. Biodegradable Plastic Market Demand Analysis (Revenue & Volume)

12. Country-level Analysis

13. Competitor Analysis

14. Biodegradable Plastic Market Shares Analysis

15. Value Chain Analysis

16. Supply Chain Analysis

17. Biodegradable Plastic Market Strategic Analysis

18. Biodegradable Plastic Market Current & Future Market Landscape Analysis

19. Opportunity Analysis

20. Biodegradable Plastic Market Revenue and Volume Analysis

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in the application or end-user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

Submitted by:Mr. Venkat Reddy
Disclaimer: Pressbox disclaims any inaccuracies in the content contained in these releases. If you would like a release removed please send an email to remove@pressbox.com together with the url of the release.