Global Biodegradable Plastic Bags and Sacks Market Insights and Forecast to 2031

Report ID: 854955 | Published Date: Jul 2024 | No. of Page: 116 | Base Year: 2023 | Rating: 5 | Webstory: Check our Web story
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Biodegradable plastic bags and sacks are created using materials that will allow the bags or sacks to completely decompose after a period of time. Most biodegradable plastic bags and sacks are said to decompose in three years, although many completely disintegrate in less time. The bags and sacks leave no discernible trace and are completely harmless to the environment. Biodegradable plastic bags and sacks require two key elements in order to decompose. The bags and sacks need to be exposed to oxygen and light. Therefore, biodegradable plastic bags and sacks do not start to decompose from the date of manufacture, only after they have been exposed to light and air.
In consumption market, North America and Europe are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 82.48% of the global consumption volume in total.

Market Analysis and Insights: Global Biodegradable Plastic Bags and Sacks Market
The global Biodegradable Plastic Bags and Sacks market is valued at US$ 851.2 million in 2019. The market size will reach US$ 1049.3 million by the end of 2026, growing at a CAGR of 3.0% during 2021-2026.

Global Biodegradable Plastic Bags and Sacks Scope and Market Size
Biodegradable Plastic Bags and Sacks market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Biodegradable Plastic Bags and Sacks market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Polylactic acid (PLA)
Polyhydroxyalkanoate (PHA)
Starch Blends
Others

Segment by Application
Food Packaging & Industrial Packaging
Convenient for Shopping
Garbage Containing
Others

By Company
BioBag
Novolex
EnviGreen
BASF
Plastiroll
Sahachit
Xtex Polythene
RKW Group
Abbey Polythene
Sarah Bio Plast
Bulldog Bag
Symphony Polymers
Jiangsu Torise biomaterials
JUNER Plastic packaging

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia

Frequently Asked Questions
Biodegradable Plastic Bags and Sacks report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Biodegradable Plastic Bags and Sacks report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Biodegradable Plastic Bags and Sacks report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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