Tuesday, 16 February 2016

Biodegradable Plastics Market to Reach US$17.66 bn by 2023, Driven by Growing Emphasis on Ecofriendly Materials : Transparency Market Research

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.

The report provides in-depth analysis and forecast of the biodegradable plastics market on the global as well as regional level. It includes forecast for the period from 2015 to 2023 in terms of volume (kilo tons) and revenue (US$ Mn). Quantitative data has been derived through extensive secondary research of the global biodegradable plastics market. Secondary sources typically include company websites, relevant magazines, government documents, and press releases. The top-down approach has been adopted to derive the regional numbers from global revenue and volume figures. Furthermore, the bottom-up approach has been employed to derive data for various product segments based on demand for biodegradable plastics in each geographic segment. A combination of top-down and bottom-up approaches helps validate the quantitative data. The data was further validated with the help of primary research with industry experts to ensure accuracy of derived numbers.

Detailed analysis of various factors driving the global biodegradable plastic market has been included for astute decision making. Impact of these drivers has been included with data to substantiate research findings. Furthermore, factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the course of the forecast period. The report also comprises various opportunities available for market growth over the next eight years. Opportunities entail untapped or recently explored factors that are anticipated to drive the biodegradable plastics market during the forecast period.

The report includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the biodegradable plastics industry, from raw material suppliers to end-users. Various processes employed in the manufacture of biodegradable plastics have been included in the value chain analysis. Porter’s Five Forces model has been employed to determine the degree of competition in the market during the forecast period. Company market share analysis has been included for better understanding of the competitive landscape. Company market share analysis includes the market share of dominant players in 2014, based on their production capacities. Furthermore, market attractiveness analysis has been conducted to analyze product segments that are expected to be lucrative during the forecast period. This is based on various factors such as market size, growth rate, profitability, raw material procurement, and competition in each product segment.

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Based on product, the biodegradable plastics market has been segmented into polylactic acid, polyhydroxyalkanoates, polybutylene succinate, polycaprolactone, starch-based, and regenerated cellulose. The report comprises detailed analysis of all the segments in the regional and global markets and forecast based on current and future trends in the industry in terms of volume (kilo tons) and revenue (US$ Mn). In terms of region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Demand for biodegradable plastics in each of its application segment has been analyzed and forecast for the period of eight years.

The report also comprises profiles of leading companies in the biodegradable plastics market. These include BASF SE, BIO-ON, Biome Bioplastics, Corbion, FKuR, Nature Works LLC, Mitsubishi Chemical Corporation, Plantic, and Natur -Tec India Private Limited. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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