Lucintel Forecasts Biodegradable Plastics Market To Grow At A Cagr Of 12% From 2019 To 2024

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According to the recent study the Biodegradable Plastics Market is projected to grow at a CAGR of 12% from 2019 to 2024. Growth in this market is primarily driven by increasing demand for renewable & bio-based raw materials, government regulations, and shift in consumer preferences towards eco-friendly packaging.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in biodegradable plastics market by material type (PLA, starch blends, PCL, regenerated cellulose, PBS, and PHA), application (packaging, fibers, agriculture, injection molding, and others), end use industry (packaging & bags, consumer goods, and agriculture & horticulture), and region (North America, Europe, Asia-Pacific, and Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/biodegradable-plastics-market.aspx

“PLA market is expected to remain the largest segment during the forecast period.”
Based on material type, the biodegradable plastics market is segmented into PLA, starch blends, ...
... PCL, regenerated cellulose, PBS, and PHA. Lucintel forecasts that the PLA market is expected to remain the largest segment.
“Within the biodegradable plastics market, the packaging & bags segment is expected to remain the largest end use industry.”
Based on end use industry the packaging & bags segment is expected to witness the highest growth over the forecast period.
“Europe will dominate the biodegradable plastics market in near future.”
Europe will remain the largest market over the forecast period due to strict environmental regulations.
Download Brochure of this report by clicking on https://www.lucintel.com/biodegradable-plastics-market.aspx
Major players of biodegradable plastics market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Metabolix Inc., BASF SE, Corbion NV (PURAC), Natureworks LLC, Biome Technologies PLC, Mitsubishi Chemical Corp., Plantic Technologies Limited, Bio-On SRL., Meredian Inc, and Tianan Biologic Materials Co. Ltd. are among the major biodegradable plastics providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/biodegradable-plastics-market.aspx or helpdesk@lucintel.com
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com
Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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