Biodegradable Plastics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Plastics that decompose in the nature by the action of microorganisms are generally referred as biodegradable plastics. These plastics are divided into different categories such as bio-based and petro-based biodegradable plastics. The most common process employed in the manufacturing of biodegradable plastics includes fermentation of sugar or canola oil to produce polylactic acid (PLA) or polyhydroxyalkanoates (PHA), which in turn is converted into biodegradable plastics.
Plastics that decompose in the nature by the action of microorganisms are generally referred as biodegradable plastics. These plastics are divided into different categories such as bio-based and petro-based biodegradable plastics. The most common process employed in the manufacturing of biodegradable plastics includes fermentation of sugar or canola oil to produce polylactic acid (PLA) or polyhydroxyalkanoates (PHA), which in turn is converted into biodegradable plastics.
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The report includes value chain analysis to help underst<strong>and</strong> the industry thoroughly.<br />
Value chain analysis comprises detailed evaluation of the roles of various entities<br />
involved in the biodegradable plastics industry, from raw material suppliers to endusers.<br />
Various processes employed in the manufacture of biodegradable plastics<br />
have been included in the value chain analysis. Porter’s Five Forces model has been<br />
employed to determine the degree of competition in the market during the forecast<br />
period. Company market share analysis has been included for better underst<strong>and</strong>ing<br />
of the competitive l<strong>and</strong>scape. Company market share analysis includes the market<br />
share of dominant players in 2014, based on their production capacities.<br />
Furthermore, market attractiveness analysis has been conducted to analyze product<br />
segments that are expected to be lucrative during the forecast period. This is based<br />
on various factors such as market size, growth rate, profitability, raw material<br />
procurement, <strong>and</strong> competition in each product segment.<br />
Based on product, the biodegradable plastics market has been segmented into<br />
polylactic acid, polyhydroxyalkanoates, polybutylene succinate, polycaprolactone,<br />
starch-based, <strong>and</strong> regenerated cellulose. The report comprises detailed analysis of<br />
all the segments in the regional <strong>and</strong> global markets <strong>and</strong> forecast based on current<br />
<strong>and</strong> future trends in the industry in terms of volume (kilo tons) <strong>and</strong> revenue (US$<br />
Mn). In terms of region, the market has been segmented into North America,<br />
Europe, Asia Pacific, Latin America, <strong>and</strong> Middle East & Africa. Dem<strong>and</strong> for<br />
biodegradable plastics in each of its application segment has been analyzed <strong>and</strong><br />
forecast for the period of eight years.<br />
The report also comprises profiles of leading companies in the biodegradable<br />
plastics market. These include BASF SE, BIO-ON, Biome Bioplastics, Corbion, FKuR,<br />
Nature Works LLC, Mitsubishi Chemical Corporation, Plantic, <strong>and</strong> Natur -Tec India<br />
Private Limited. Various attributes of these companies such as company overview,<br />
business strategies, <strong>and</strong> recent developments form the core of the company profiles<br />
section.<br />
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This report segments the global biodegradable plastics market as follows:<br />
<strong>Biodegradable</strong> <strong>Plastics</strong> <strong>Market</strong> – Product Segment <strong>Analysis</strong><br />
Polylactic Acid
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