The report "Biodegradable Plastics Market by Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), End Use Industry (Packaging & Bags, Consumer Goods, Agriculture & Horticulture), and Region (APAC, Europe, North America, Rest of the World) - Global Forecast to 2023", The biodegradable plastics market is projected to grow from USD 3.02 billion in 2018 to USD 6.12 billion by 2023, at a CAGR of 15.1%. The growth of the market is attributed to the increasing demand for biodegradable plastics in various end-use industries in emerging economies such as India, China, and Brazil. The increasing adoption of strategies such as new product launches and mergers, acquisitions & partnerships by the key players is also fueling the market.

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• 66 market data Tables
• 34 Figures
• 112 Pages and in-depth TOC on " Biodegradable Plastics Market - Global Forecast to 2023"

The various Major Players of
Biodegradable Plastics Market are as follows:

NatureWorks (US)
BASF (Germany)
Total Corbion PLA (Netherlands)
Mitsubishi Chemical (Japan)
Biome Bioplastics (UK)
Plantic Technologies (Australia)
Bio-On (Italy)
Danimer Scientific (Georgia)
Novamont S.p.A (Italy)
Toray Industries (Japan)
APAC is expected to be the fastest-growing market for biodegradable plastics during the forecast period. China and India are among the fastest-growing economies in the world. India is projected to continue to be the fastest-growing market for biodegradable plastics during the forecast period. The growth of the biodegradable plastics market in APAC is attributed to the easy availability of raw materials used to manufacture biodegradable plastics. The future growth of biodegradable plastics in APAC highly depends on the awareness about the use of biodegradable plastics as a viable alternative to traditional plastics and price reduction. The biodegradable plastics market is growing at a significant rate. However, higher cost of biodegradable plastics than that of conventional plastics is restricting the growth.

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