According to the research report titled ‘GLOBAL Biodegradable Plastics Market 2019-2027’, available with Market Study Report, global biodegradable plastics market is expected to register an appreciable CAGR of 10.84% during the forecast period 2019-2027.
 

Rising concerns and awareness regarding environment safety is fostering global biodegradable plastics market growth. Moreover, increasing production of other renewable resources, and government policies aimed reducing use of petroleum-based polymers are adding considerable to business development.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2486926/
 

Further, widening scope of biodegradable plastics across various end-user industries and availability of cost-effective bio-based raw materials are enhancing the industry outlook. However, easy accessibility to alternatives and impact of biodegradable plastics on food production and supply are negatively impacting the market dynamics.
 

Based on type, global biodegradable plastics market is fragmented into starch blends, PLA, PCL, PBS, regenerated cellulose, PHA, and others. In terms of application scope, the industry is split into fibers, packaging, injection molding, agriculture, and others. 
 

Considering the geographical outlook, the industry size spans across Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Speaking of the country-level bifurcation, United States, Canada, Germany, United Kingdom, France, Spain, Italy, Mexico, Brazil, Turkey, United Arab Emirates, South Africa, Saudi Arabia, Japan, China, India, South Korea, ASEAN Countries, Australia and New Zealand are the major economies covered in the report.
 

Asia Pacific biodegradable plastics market is set to record momentous growth during the forecast period, creditable to high awareness among the populace regarding the protection of flora and fauna. Moreover, initiatives undertaken by governments and SMEs to protect nature through innovative and renewable products are expected to push forward the regional market growth. 
 

Speaking of the competitive landscape, Zhejiang Hisun Biomaterials Co. Ltd., TianAn Biologic Materials Co. Ltd., Synbra Holding B.V., Sigma-Alrich (acquired by Merck), Plantic Technologies Ltd., NatureWorks LLC, Mitsubishi Chemical Corp., Futerro, FKuR Kunststoff GmbH, Dow Chemical Company, Danimer Scientific Inc., Corbion N.V., Bio-on S.p.A., Biome Bioplastics, and BASF SE are the top contenders in global biodegradable plastics market.