The Biodegradable materials are attained from the renewable resources could be categorized as green polymers, and their characteristics have concerned considerable attention for their possible roles as substitutions to petrochemical-derived materials. However, the Biodegradable materials, by characterization, transform their chemical and hypothetically physical form upon contact with the biological surrounding.
In addition, the advancement of the biodegradable materials as a substitute to the synthetic materials such as glass fiber-reinforced plastics and several other synthetic plastics is the encounter for recent and future generations in the environment of worldwide climate change. Nonetheless, the foremost increase in the consumer awareness towards eco-friendly products is predicted to be key aspect propelling the market. Shifting the consumer preference from synthetic products to cleaner and eco-friendly alternatives is predicted to stimulate market growth over the review period.
According to the report analysis, ‘Global Biodegradable Materials Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that in the worldwide biodegradable materials market there are numerous players which presently functioning more actively for leading the wildest market growth and accounting the handsome value of market share across the globe during the short span of time while developing the technologies of transformation, advancing the policies of function, delivering the better consumer satisfaction, spreading the awareness related to the applications of such and studying and analyzing the applications of such includes BASF, Metabolix, Novamont, NatureWorks, Plantic, Arkema, Biome Bioplastics., Corbion, FKuR, MHG, NatureWorks, Mitsubishi Chemical Corporation, Meredian, Tianan Biologic Material, Bio-On SRL and several others.
Additionally, based on the type, the worldwide market of biodegradable material is sectored into Natural Macromolecule Cellulose, Synthetic Materials and several others. However, on the basis of application, the worldwide market of biodegradable material is classified into Packaging, Agriculture, Medical, Chemical Industry and several others.
In addition, the foremost rise in the consumer awareness towards the biodegradable paper and plastics packaging products predominantly in underdeveloped economies including China, India, Malaysia and Thailand is predicted to drive the market growth more progressively over the review period. The foremost increase in the biodegradable material need from the conventional end-user industries such as textiles and consumer product packaging industries is acknowledged to motivate the biodegradable paper and plastics packaging requirement over the review period.
Although, the Biodegradable plastic is ecological and has no harmfulness. It costs moderately sophisticated over the conventional plastics as it is introduced optimizing the renewable raw material. This variety of the plastic is majorly introduced optimizing the natural plant material which majorly involves corn oil, orange peels, starch, and plants. Therefore, biodegradable plastic is ecologically free as it produced using renewable material.
There is a worldwide shift from synthetic to bio based chemicals to obtain the bio economy and deduce increased conservational impression of the conventional plastic. Therefore, the government across the numerous geographies is amendable policies against the consumption of single usage of the plastic products to disregard the synthetic plastic products. Hence, the requirement for the bioplastic involving the biodegradable one is increasing at speedy pace and is a conspicuous growth driver among other aspects. Therefore, in the near years, it is anticipated that the market of biodegradable material will increase around the globe over the coming years more significantly.
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Ankur Gupta, Head Marketing & Communications