Compostable Plastic Market by Type (Home Compostable Plastic [BioPBS FD92, BWC BF 90A, Ecopond Flex 162], and others), and by Application (Compostable cutlery, Compostable bag, Compostable straw, Compostable gloves, Compostable cup (cold cup), Compostable tray/dish): Opportunity Analysis and Industry Forecast, 2020-2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider Compostable Plastic market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Compostable Plastic market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). - In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Compostable plastic market was valued at $991.2 million in 2019 and is expected to reach $3,102.6 million by 2027, growing at a CAGR of 15.4% from 2020 to 2027.
Compostable plastics break down under strict control of environmental factors, including higher temperatures, pressure and nutrient concentration unlike biodegradable plastics. Compostable plastics can be decomposed through aerobic and anaerobic decomposition processes in time span of three to six months. However, anaerobic plastics need special treatment such as industrial composting, which costs higher than usual home composting. As in many cases industry players are reluctant to utilize municipal waste, it leads to landfill; thus, creating environmental hazards.
The global compostable plastic market is in the introductory phase of industry life cycle and is expected to explore new growth opportunities during the coming years. Some of the basic factors driving the demand for the market include governmental initiatives to eliminate single use plastic and strict regulatory outlook against the use of conventional plastic products.
Industry trends are shifting toward biobased products to reduce dependence on conventional plastics. Compostable plastics degrade quickly unlike fossil fuel based plastic products, which may take more than 500 years to degrade completely. Moreover, most of the manufacturers in industries such as packaging, textile and agriculture are shifting toward biobased plastic due to stringent regulations from the government. Such factors are largely impacting the growth of the global compostable plastic market.
On the other hand, the growth of the market is restrained by high cost of compostable plastic bags over its conventional counterparts. For instance, polylactic acid based bioplastics are at least eight times as expensive as the petroleum-based plastics. However, new products such as Fruitplast, a bioplastic made from the skins of tropical fruits at a lower price, are expected to provide lucrative growth opportunities in upcoming times.
The global compostable plastic market is segmented on the basis of type, application, and region. Based on type, the market is bifurcated into home compostable plastic, and others. Home compostable plastic is further classified into BioPBS FD92, BWC BF 90A, and Ecopond Flex 162.
Growing concern from the European Union for a dedicated standard for home compostable plastic is expected to positively impact the market growth for home compostable plastics. For instance, in April 2020, the European Parliament and the Council of the EU enforced Packaging and Packaging Waste Directive 2015/720 aimed at increasing usage of home compostable plastic bags to collect kitchen and garden waste.
On the basis of application, the global compostable plastic market is categorized into compostable cutlery, compostable bag, compostable straw, compostable gloves, compostable cup (cold cup), and compostable tray/dish. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
Compostable bags are extensively used in various sectors as their demand is expected to witness steady growth. The food and beverage industry significantly contributes toward the compostable bag market demand.
Europe emerged as the global leader in compostable plastic market. This is attributed to European legal framework and strategies that are expected to boost the extensive use of compostable plastic products and provide growth opportunities for the Europe compostable market.
Some of the major manufacturers studied and profiled in the global compostable plastic market are BASF SE, DowInc., Novamont S.p.A., Plantic, Natureworks, Corbion N.V., Biome Technologies plc, Mitsubishi Chemical Holdings, Eastman Chemical Company, and Danimer Scientific.
KEY MARKET SEGMENTS FOR COMPOSTABLE PLASTIC
- By Type
- Home Compostable Plastic
o BioPBS FD92
o BWC BF 90A
o Ecopond Flex 162
- By Application
- Compostable cutlery
- Compostable bag
- Compostable straw
- Compostable gloves
- Compostable cup (cold cup)
- Compostable tray/dish
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
Market Behavior/ Level of Risk and Opportunity
End Industry Behavior/ Opportunity Assessment
Expected Industry Recovery Timeline
Business Impact Horizon
Opening of Economy by Q3 2020
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021
Under COVID-19 Outbreak Impact Analysis:We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries. The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter's Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
The study objectives of this report are:
- To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
- To understand the structure of market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What's market competition in this industry, both company, and country wise? What's market analysis by taking applications and types in consideration?
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Key Points Covered in Compostable Plastic Market Report:
1.2.Key benefits for stakeholders
1.3.Key market segments for compostable plastic
1.5.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter;s five forces analysis
220.127.116.11.Eco-friendly nature and rise in consumer adoption of compostable plastics
18.104.22.168.High demand of compostable and compostable plastic in food packaging application
22.214.171.124.Favorable Government Policies towards bioplastic
126.96.36.199.High cost of compostable plastic
188.8.131.52.Rise in CSR activities and decreasing dependence on petroleum resource
3.5.Impact of key regulations
3.6.Impact of COVID-19 on Compostable Plastic
3.8.Import /Export analysis
CHAPTER 4:COMPOSTABLE PLASTIC MARKET, BY TYPE
4.1.1.Market size and forecast
4.1.2.Home Compostable Plastic
184.108.40.206.Key market trends, growth factors, and opportunities
220.127.116.11.Market size and forecast, by type
18.104.22.168.2.BWC BF 90A
22.214.171.124.Market size and forecast, by region
126.96.36.199.Key market trends, growth factors, and opportunities
188.8.131.52.Market size and forecast, by region
CHAPTER 5:COMPOSTABLE PLASTIC MARKET, BY APPLICATION
5.1.1.Market size and forecast by Compostable Plastic Application
5.2.1.Key market trends, growth, factors and opportunities
5.2.2.Market size and forecast, by Region
5.3.1.Key market trends, growth, factors and opportunities
5.3.2.Market size and forecast, by Region
5.4.1.Key market trends, growth, factors and opportunities
5.4.2.Market size and forecast, by Region
5.5.1.Key market trends, growth, factors and opportunities
5.5.2.Market size and forecast, by Region
5.6.Compostable Cup (Cold Cup)
5.6.1.Key market trends, growth, factors and opportunities
5.6.2.Market size and forecast, by Region
5.7.1.Key market trends, growth, factors and opportunities
5.7.2.Market size and forecast, by Region
CHAPTER 6:COMPOSTABLE AND COMPOSTABLE PLASTIC MARKET, BY REGION
6.2.1.Key market trends and opportunities
6.2.2.Market size and forecast by Compostable plastic Type
6.2.3.Market size and forecast by home compostable plastic Type
6.2.4.Market size and forecast, by compostale Application
6.2.5.Market size and forecast by Country
184.108.40.206.Market size and forecast by Compostable plastic Type
220.127.116.11.Market size and forecast by Compostable plastic Application
18.104.22.168.Market size and forecast by Compostable plastic Type
22.214.171.124.Market size and forecast by Compostable plastic Application
126.96.36.199.Market size and forecast by Compostable plastic Type
188.8.131.52.Market size and forecast by Compostable plastic Application
6.3.1.Key market trends and opportunities
184.108.40.206.Market size and forecast by Compostable plastic Type
220.127.116.11.Market size and forecast by Compostable plastic Application
18.104.22.168.Market size and forecast by Country
22.214.171.124.Market size and forecast by Compostable plastic Type
126.96.36.199.Market size and forecast by Compostable plastic Application
188.8.131.52.Market size and forecast by Compostable plastic Type
184.108.40.206.Market size and forecast by Compostable plastic Application
220.127.116.11.Market size and forecast by Compostable plastic Type
18.104.22.168.Market size and forecast by Compostable plastic Application
22.214.171.124.Market size and forecast by Compostable plastic Type
126.96.36.199.Market size and forecast by Compostable plastic Application
188.8.131.52.Market size and forecast by Compostable plastic Type
184.108.40.206.Market size and forecast by Compostable plastic Application
6.3.7.Rest of Europe
220.127.116.11.Market size and forecast by Compostable plastic Type
18.104.22.168.Market size and forecast by Compostable plastic Application
6.4.1.Key market trends and opportunities
6.4.2.Market size and forecast by Compostable plastic Type
6.4.3.Market size and forecast by Compostable plastic Application
6.4.4.Market size and forecast by Country
22.214.171.124.Market size and forecast by Compostable plastic Type
126.96.36.199.Market size and forecast by Compostable plastic Application
188.8.131.52.Market size and forecast by Compostable plastic Type
184.108.40.206.Market size and forecast by Compostable plastic Application
220.127.116.11.Market size and forecast by Compostable plastic Type
18.104.22.168.Market size and forecast by Compostable plastic Application
22.214.171.124.Market size and forecast by Compostable plastic Type
126.96.36.199.Market size and forecast by Compostable plastic Application
188.8.131.52.Market size and forecast by Compostable plastic Type
184.108.40.206.Market size and forecast by Compostable plastic Application
6.4.10.Rest of Asia-Pacific
220.127.116.11.Market size and forecast by Compostable plastic Type
18.104.22.168.Market size and forecast by Compostable plastic Application
6.5.1.Key market trends and opportunities
6.5.2.Market size and forecast by Compostable plastic Type
6.5.3.Market size and forecast by Compostable plastic Application
6.5.4.Market size and forecast by Country
22.214.171.124.Market size and forecast by Compostable plastic Type
126.96.36.199.Market size and forecast by Compostable plastic Application
188.8.131.52.Market size and forecast by Compostable plastic Type
184.108.40.206.Market size and forecast by Compostable plastic Application
220.127.116.11.Market size and forecast by Compostable plastic Type
18.104.22.168.Market size and forecast by Compostable plastic Application
22.214.171.124.Market size and forecast by Compostable plastic Type
126.96.36.199.Market size and forecast by Compostable plastic Application
6.5.9.Rest of LAMEA
188.8.131.52.Market size and forecast by Compostable plastic Type
184.108.40.206.Market size and forecast by Compostable plastic Application
CHAPTER 7:COMPANY PROFILES
7.1.3.Operating business segments
7.1.6.Key strategic moves and developments
7.2.BIOME TECHNOLOGIES PLC.
7.2.3.Operating business segments
7.3.3.Operating business segments
7.3.6.Key strategic moves and developments
7.4.3.Operating business segments
7.4.5.Key strategic moves and developments
7.5.3.Operating business segments
7.5.6.Key strategic moves and developments
7.6.EASTMAN CHEMICAL COMPANY
7.6.3.Operating business segments
7.7.KURARAY CO., LTD.
7.7.3.Operating business segments
7.7.6.Key strategic moves and developments
7.8.MITSUBISHI CHEMICAL HOLDINGS
7.8.3.Operating business segments
7.9.3.Operating business segments
7.10.PTT GLOBAL CHEMICAL COMPANY LIMITED
7.10.3.Operating business segments
……..and view more in complete table of Contents
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Tel: +1 888 212 3539 (US - TOLL FREE)