TechNavio recognizes the following companies as the key players in the Global Biodegradable Plastics Market: NatureWorks LLC, Novamont S.p.A., BASF SE, Cereplast Inc., and Metabolix Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The major trend witnessed by the Global Biodegradable Plastics market is the adoption of citywide composting by big cities around the world, particularly in North America and Western Europe. These cities have realized the need for reduction in greenhouse gas emissions by decreasing the waste materials disposed in landfills and incinerators. Since, biodegradable plastics can be easily composted in a period of few months, the space used for landfills have reduced dramatically. This will result in reduction of methane emission to the atmosphere. Decrease in the release of methane in the environment, which is about 72 times more potent than carbon dioxide as a greenhouse gas over a period of 20 years, will reduce the detrimental effects of plastics on the environment.”
According to the report, one of the major drivers in this market is the increasing demand for more eco-friendly packaging materials. The growth of the packaging industry is influenced by the need for non-toxic biodegradable plastics, which in turn has resulted in the increased demand for biodegradable plastics.
Further, the report states that one of the major challenges in this market is the large production costs associated with biodegradable plastics, which in turn results in the rise of finished product prices.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Arkema Group, ECM BioFilms Inc., E. I. du Pont de Nemours and Company, Innovia Films Ltd., Mitsubishi Plastics Inc., Plantic Technologies Ltd., and Purac Biochem BV.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-biodegradable-plastics-market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Biodegradable Plastics Market 2012-2016
