Biodegradable Plastics Global Market Report 2022

2022-06-24 19:28:05 By : Ms. Fanny Feng

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Major players in the biodegradable plastics market are BASF, NatureWorks, BIOME TECHNOLOGIES PLC. , Novamont S. p. A. , Mitsubishi, , Biome Bioplastics, Plantic, BIO-ON, Danimer Scientific, Novamont S. p. A, TORAY INDUSTRIES, INC, Kruger Inc.

New York, June 07, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Biodegradable Plastics Global Market Report 2022" - https://www.reportlinker.com/p06284289/?utm_source=GNW , Total Corbion PLA, Perstorp, K.D. FEDDERSEN, UrthPact, LLC, Biotec Pvt. Ltd., BioGreen, CLONDALKIN GROUP, Plantic Technologies Limited , Amcor limited, and Mondi Group. The global biodegradable plastics market is expected to grow from $3.74 billion in 2021 to $4.21 billion in 2022 at a compound annual growth rate (CAGR) of 12.6%. The market is expected to grow to $7.16 billion in 2026 at a compound annual growth rate (CAGR) of 14.2%. The biodegradable plastics market consists of sales of biodegradable plastics by entities (organizations, proprietors, partnerships) that are used in the application of organic waste collection and diversion, food packaging, agricultural and horticultural sectors, and disposable tableware.Biodegradable plastics are obtained from petrochemicals that consist of biodegradable additives and are degraded by microorganisms into carbon dioxide, water, and biomass. These can be used in packing materials, injection-molded and others. The main types of biodegradable plastics market are polylactic acid (PLA), polybutylene adipate terephthalate (PBAT), polybutylene succinate (PBS), polyhydroxyalkanoates (PHA), starch blends and other types.Polylactic Acid (PLA) is a thermoplastic biopolymer and its cross-linking of chains gives rise to biodegradable plastic sheets that serve as the basis for the production of numerous non-polluting plastic products. Some of the main end users in the biodegradable plastics market include the packaging, agriculture, consumer goods, and other end-users. North America was the largest region in the biodegradable plastics market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biodegradable plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Growing concerns for the environment are expected to increase the growth of the biodegradable plastics market.The major growing concerns for the environment are plastics. The increase in the usage of plastics is a growing concern of the environment.In January 2021, according to the data published by the European environment agency, the COVID-19 pandemic had made changes in the consumption, waste, and production of plastics. A recent BCG survey involving 3,000 people across eight countries found that in the wake of the pandemic, people were now more concerned about addressing environmental challenges and are committed to changing their own behavior to advance sustainability.Nearly 40% of respondents said that they intend to adopt more sustainable behavior in the future. Therefore, growing concerns for the environment is expected to drive the biodegradable plastics market. Product innovations are a key trend gaining popularity in the biodegradable plastics market.Many organizations are launching innovative products in the biodegradable plastics, which are cost-effective and sustainable in nature. For example, in July 2021, Defence Research and Development Organisation (DRDO) based in India had launched biodegradable packaging products that are manufactured from biodegradable plant-based food-grade materials.They are available in a water-resistant form and can be degraded in three months. These packaging bags are an ocean-safe alternative to single-use plastics, cost-effective and sustainable. In January 2021, Novamont, a Italy-based biodegradable bioplastics manufacturer acquired BioBag group for an undisclosed amount.With this acquisition, Novamont’s service capabilities marketing in the supply chain will be strengthened by BioBag’s and distribution expertise and also to create long-lasting alliances with retailers and to enhance the separate organic waste collection and composting systems. BioBag group is a biodegradable bioplastics manufacturer based in Norway. The countries covered in the Biodegradable Plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. Read the full report: https://www.reportlinker.com/p06284289/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________

No one chooses the mining industry for an easy lifestyle. So tough is the work that companies have long paid “FIFO” (fly-in-fly-out) workers handsomely for long stints at projects in remote locations.

Global Pet Hair Care Market Global Pet Hair Care Market Dublin, June 23, 2022 (GLOBE NEWSWIRE) -- The "Pet Hair Care Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering. One of the prime factors driving the market growth is a surge in the pet population around the world. Pets are taken as companion animals for removing loneliness and to bring joy. People also adopt a pet for love for other living creatures and as a mark of status. Pets are popular amo

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The Global IoT Microcontroller Market size is expected to reach $9. 9 billion by 2028, rising at a market growth of 13. 0% CAGR during the forecast period. A microcontroller is a sort of processor that combines memory, CPU, and input/output peripherals into a single integrated circuit.New York, June 23, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global IoT Microcontroller Market Size, Share & Industry Trends Analysis Report By Type, By Application, By Regional

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The global residential battery market was valued at USD 9. 87 billion in 2020, and it is anticipated to reach USD 29. 63 billion by 2027, at a CAGR of 17. 09% during the forecast period, 2022-2027. In 2020, the COVID-19 pandemic moderately impacted the market due to the decrease in electricity and energy consumption and the reduction in the economic growth of the world.New York, June 23, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Residential Battery Market - G

Business Secretary Kwasi Kwarteng said on Thursday night that he was minded to accept Cobham’s takeover of Ultra.

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Global stock markets and oil prices jumped higher on Friday following recent heavy losses on fears that interest rate hikes aimed at cooling decades-high inflation will spark a global recession.

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Around 700 employees at London’s Heathrow airport balloted for industrial action, which is set to fall in line with the start of the summer holidays to cause maximum chaos.

Nonwoven Abrasives Market Research Report by Type (Belts, Discs, and Hand Pads and Rolls), Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19New York, June 23, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Nonwoven Abrasives Market Research Report by Type, Application, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" - https://www.reportlinker.com/p06286999/?utm

Business confidence ‘slumps’ to level which typically signals imminent recession, warns economist

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(Reuters) -Oil rose by more than 2% on Friday supported by tight supply, although crude was heading for a second weekly fall on concern that rising interest rates could push the world economy into recession. Brent crude was up $2.78, or 2.5%, at $112.83 a barrel by 12:10 p.m. EDT (1610 GMT), while U.S. West Texas Intermediate (WTI) crude gained $3.02, or 2.9%, to $107.29. "There Fed was talking very hawkish which was undermining the oil rally, but sentiment is changing a little especially on strong economic data," said John Kilduff, partner at Again Capital LLC in New York.