North America Biodegradable Plastic Market
No. of Pages: 120 | Report Code: TIPRE00007052 | Category: Chemicals and Materials
No. of Pages: 120 | Report Code: TIPRE00007052 | Category: Chemicals and Materials
U.S. is dominating the North America biodegradable plastic market followed by Canada. The market for biodegradable plastic is growing in U.S. due to increasing concerns by the consumers over the impact plastic products have on the environment. The manufacturers have come up with several innovations in the case of plastics to turn it up into greener products. The development of bioresin as an environmentally friendly substitute to polyurethane-based plastic is considered to be one of the important transformations towards the green future. New York City has also supported the bans on no-biodegradable plastics by imposing strict guidelines for recycling plastic bags. Also, cities like Boston and Phoenix, have started charging fees or banning bags below a certain level of thickness. Apart from this, the other cities which have banned the use of plastic bags in U.S. are Chicago Seattle, Los Angeles, Austin and San Francisco, Washington, Brownsville, and Portland.
Strategic insights for the North America Biodegradable Plastic provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 806.9 Million |
| Market Size by 2027 | US$ 2,622.4 Million |
| Global CAGR (2019 - 2027) | 14.0% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
The geographic scope of the North America Biodegradable Plastic refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The customers in developed and developing countries have been notified of the ill effects of conventional plastics on their lifestyle and the environment. As a result, they demand more environmentally friendly products, which leads to a depreciation in the use of crude oil and natural gas, that results in the reduction carbon footprints. The biodegradable plastics are amalgamated using renewable resources as well as fossil raw materials, such as cellulose ester, PLA, PHA, starch derivatives, and copolyesters (PBS, PBAT, etc.). Various organizations are engaged in bringing transformation in the handling of plastics, through strategic planning, communication, consumer awareness campaigns, documentary films, education, clean up campaigns, raising business awareness, scientific research, entrepreneurial innovation, legislation, and sustainability.
Based on type, the North America biodegradable plastic market is bifurcated as PHA, PLA, starch blends, biodegradable polyesters and others. The starch blend segment dominated the North America biodegradable plastic market. The starch blend polymer bio-blends are biodegradable polymeric materials which are composed of cellulosic-based biomaterials that can be degraded by enzymes and microorganisms. The mixture of starch and polyolefin produces a single material carrying the biodegradation properties of starch with the thermal, mechanical and barrier properties of polyolefin. The common starches that are used are rice starch, sago and tapioca starch, whereas the polyolefin used are polypropylene and polyethylene. Starch is a naturally occurring polymer that is found in plants such as corn, rice and potatoes in the form of water-insoluble granules and has been receiving growing attention as raw material for the production of films due to the lack of the availability of the conventional film-forming resins.
The North America Biodegradable plastic market is bifurcated based on end user into packaging and bags, agriculture and horticulture, consumer goods, textile and others. The packaging and bags segment accounted for the largest share in the North America biodegradable plastic market. The adoption of PLA, being a potentially recyclable material, is gaining an upsurge for the biodegradable plastic rigid packaging market. Flexible packaging solutions including, trays and films that are most suitable for the packaging of fresh fruits and vegetables as they allow a more extended shelf life. In the present scenario, packaging processes and materials are highly sophisticated and flexible to meet application and preservations requirements. The biodegradable plastic industry is continuously working on enhancing barrier properties such as antimicrobial coating to attain improved preservation of food products.
Strategic insights for the North America Biodegradable Plastic provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 806.9 Million |
| Market Size by 2027 | US$ 2,622.4 Million |
| Global CAGR (2019 - 2027) | 14.0% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
The geographic scope of the North America Biodegradable Plastic refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
New product development, market initiatives and merger and acquisition were observed as the most adopted strategies in North America biodegradable plastic market. Few of the recent developments in the North America Biodegradable plastic market are listed below:
The North America Biodegradable Plastic Market is valued at US$ 806.9 Million in 2018, it is projected to reach US$ 2,622.4 Million by 2027.
As per our report North America Biodegradable Plastic Market, the market size is valued at US$ 806.9 Million in 2018, projecting it to reach US$ 2,622.4 Million by 2027. This translates to a CAGR of approximately 14.0% during the forecast period.
The North America Biodegradable Plastic Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Biodegradable Plastic Market report:
The North America Biodegradable Plastic Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Biodegradable Plastic Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Biodegradable Plastic Market value chain can benefit from the information contained in a comprehensive market report.
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