Precision Business Insights has published a report on the global biodegradable plastics market, estimating its value at USD 5.9 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 9.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/global-biodegradable-plastics-market      

The market refers to the global industry focused on the production, distribution, and application of plastics that can naturally decompose through the action of microorganisms like bacteria and fungi. These plastics break down into non-toxic components such as water, carbon dioxide, and biomass, making them a more sustainable alternative to conventional petroleum-based plastics.

Key Drivers of the Biodegradable Plastics Market

• Environmental Awareness & Sustainability Push
• Government Regulations & Bans
• Shifting Consumer Preferences
• Technological Advancements
• Availability of Raw Materials
• Pharmaceutical Sector Demand

The global biodegradable plastics market segmentation:
1) By Type: Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), Starch Blends and Others
2) By Application: Packaging, Agriculture, Consumer Durable, Textile and Others

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Regional Overview:
The report also examines the current concerns and their Future Effects on the biodegradable plastics market by the region. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like BASF SE, Natureworks, Total Corbion PLA, Toray Industries, Plantic Technologies, Novamont S.P.A., Mitsubishi Chemical Corporation, Danimer Scientific, Bio-On, Biome Bioplastics

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