Biodegradable Plastic Resin Market
Biodegradable Plastic Resin Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Biodegradable Plastic Resin Market Size and Growth
The biodegradable plastic resin market is witnessing significant growth due to rising environmental concerns and regulatory support. The market size is projected to reach approximately $6 billion by 2025, driven by demand in packaging, agriculture, and consumer goods. Innovations in materials and manufacturing processes are enhancing market potential and sustainability.
Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ Green Compostables
◍ Green Dot
◍ Minima
◍ Solanyl Biopolymers
◍ TeChuang Biotechnology
◍ Cardia Bioplastics
◍ WILLEAP
◍ ICBP
◍ Ecomann
◍ Leen Biotechnology
◍ Green Science Alliance
◍ BioLogiQ
◍ Mitsubishi Chemical Corporation
◍ Vibha Ecopac
◍ Secos
◍ BAM
◍ Torise Biomaterials
The biodegradable plastic resin market features key players like BASF, Novamont, and NatureWorks, focusing on sustainable innovations. Companies like Green Dot and BioLogiQ push eco-friendly solutions. Their advancements in materials promote market growth, with notable sales: BASF (€3 billion), NatureWorks ($200 million), and Novamont (€200 million).
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Market Segmentation
By Application
◍ Tableware
◍ Packaging
◍ Textiles
◍ Personal Care Products
◍ Medical
◍ Automotive
◍ Construction
◍ Others
By Product
◍ Thermoplastic Starch-based Plastics (TPS)
◍ Polyhydroxyalkanoates (PHA)
◍ Polylactic Acid (PLA)
◍ Polybutylene Succinate (PBS)
◍ Polycaprolactone (PCL)
◍ Others
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Market Growth
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$ X Billion USD
