Asia Pacific Biodegradable Plastics market size was about USD 2.16 Billion in 2018. It is expected to raise at a CAGR of 13.25% to develop to around USD 4.03 Billion by 2023.
Plastics that break down in nature by the activity of microorganisms are known as biodegradable plastics. Halfway crude materials, for example, polylactic corrosive, polyhydroxyalkanoates, polybutylene succinate (PBS), polycaprolactone (PCL), starch, and recovered cellulose are utilized to produce biodegradable plastics. Manufacture of biodegradable plastics involves fermentation of sugar to deliver polylactic corrosive (PLA) or polyhydroxyalkanoates (PHA), which is then changed over into biodegradable plastics. Biodegradable plastics require appropriate natural conditions to function effectively.
The biodegradable plastics market is expected to witness a much faster growth in comparison to the plastics bundling market. The biodegradable plastics market is a moderately new market anyway; it has to first catch the current pace of the non-biodegradable plastic bundling market. The food packaging and beverage packaging market is relied upon to provide a significant push in driving the general biodegradable packaging market. Be that as it may, absence of government initiatives, particularly in the developed nations is relied upon to control the development of the market.
On the basis of type, the market is separated into Polylactic Acid, Polyhydroxyalkanoates, Polybutylene Succinate, Polycaprolactone, Starch-based, and Regenerated Cellulose. Polylactic corrosive based biodegradable plastic is one of the popular segment currently in the Biodegradable Plastics market. Polylactic corrosive based biodegradable plastics are for the most part utilized in applications, for example, bundling, because of their functional properties, such as great appearance, high mechanical quality, and low poisonous property. Polylactic corrosive is for the most part made by the fermentation of sustainable materials, for example, wheat starch and corn starch. In light of end-user application, the biodegradable plastics market has been portioned into Packaging, Textile, Agriculture, Injection Moulding, and Others (Including Electronic, Medical, etc.). Packaging and agribusiness applications held a noteworthy offer of biodegradable plastics market in 2018. Packaging section contains food packaging, beverage packaging, and modern packaging. Biodegradable plastics are increasingly being utilized in the agribusiness Industry.
In view of region, the Asia Biodegradable Plastics market has been fragmented into countries like India, China, Australia and South Korea. The presence of a large population in Asia Pacific is expected to boost the biodegradable packaging market. Owing to the increase in the contract manufacturing process coupled with increased governmental interest to promote biodegradable products by providing incentives in some countries such as China and India, this market has a positive growth outlook.
Major companies plying their trade in the Asia Pacific Biodegradable Plastics Market include Mitsubishi Chemical Corporation, Biome Bioplastics, BIO-ON, Nature Works LLC, FKuR, Corbion, BASF SE, Plantic, and Natur -Tec India Private Limited.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Polylactic Acid
5.1.3 Polyhydroxyalkanoates
5.1.4 Polybutylene Succinate
5.1.5 Polycaprolactone
5.1.6 Starch-based
5.1.7 Regenerated Cellulose
5.1.8 Y-o-Y Growth Analysis, By Type
5.1.9 Market Attractiveness Analysis, By Type
5.1.10 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Packaging
5.2.3 Textile
5.2.4 Agriculture
5.2.5 Other Application
5.2.6 Y-o-Y Growth Analysis, By Application
5.2.7 Market Attractiveness Analysis, By Application
5.2.8 Market Share Analysis, By
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.3 By Type
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.3 By Type
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.3 By Type
6.1.5.4 By Application
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Mitsubishi Chemical Corporation
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Biome Bioplastics
8.3 BIO-ON
8.4 Nature Works LLC
8.5 FKuR
8.6 Corbion
8.7 BASF SE
8.8 Plantic
8.9 Natur -Tec India Private Limited
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
