Plastarch Material (PSM) Market
Plastarch Material (PSM) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Plastarch Material (PSM) Market Size and Growth
The Plastarch Material (PSM) market is experiencing robust growth, driven by rising demand for biodegradable plastics in various industries. Current market size is estimated at approximately $300 million, with a projected CAGR of around 10% over the next five years, reflecting increasing sustainability initiatives and consumer preference for eco-friendly materials. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Novamont
◍ Air Products and Chemicals
◍ Ecoplast Technologies Inc
The Plastarch Material (PSM) Market is competitive, with companies like Novamont, Air Products and Chemicals, Ecoplast Technologies Inc., Suzhou Hanfeng New Materials, and Zhejiang Huafa fostering growth through innovative applications and sustainable products. They promote eco-friendly solutions, enhancing market adoption.
◍ Suzhou Hanfeng New Materials Co., Ltd.
◍ Zhejiang Huafa Ecological Technology Co., Ltd.
- Novamont: €200 million
- Air Products: $8.9 billion
- Ecoplast Technologies: $100 million (est.)
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Market Segmentation
By Application
◍ Plastic Packaging Materials
◍ Plastic Film and Plastic Bags
◍ Disposable Tableware
◍ Food Container ◍ Toy ◍ Others
By Product
◍ Bio-based Plastic ◍ Biodegradable Plastics
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Market Growth
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$ X Billion USD
