As per Triton Market Research, it is anticipated that the Global Biodegradable Plastics Market will make a progressive growth by exhibiting a CAGR of 10.84% during the forecast period of 2019-2027.

Introduction to market

With the rising global temperature, the pressing concerns over environmental conservation from various NGO activists and other agencies has led the growing awareness for biodegradable plastics. This, in turn, has open growth opportunity for the market globally. The increasing production of other renewable resources, rising scope of biodegradable plastics in various end-user segments, the beneficial properties of biodegradable plastic, favorable government policies to reduce the use of petroleum-based products and consumer preference for environmentally friendly products are the top reasons responsible for the growth of the market in the world.

Browse full research report with TOC on "Biodegradable Plastics Market Analysis by Type (Industrial, Hazardous (Increased Safety, EMC Cable Glands, Flame-proof, Others), by Material (Stainless Steel, Brass, Plastic/Nylon, Others), by Cable Type (Armored, Unarmored), by Application (Aerospace, Oil & Gas, Manufacturing & Processing, Mining, Chemical, Others)) and Geography"

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According to Triton Market research, the Asia Pacific region held the largest share amongst the various regional markets

The Asia Pacific region is the most significant potential region over the forecast period, mainly due to a large customer base and a sensitive approach towards the protection of the Flora and Fauna within the region. Overall, the governments and other small and medium corporates in these regions are striving to conserve and safeguard the nature for future generation through innovative and renewable products, and thus these changes and implementation indicates promising growth in the biodegradable plastic market over the forecasting period.           

The major companies operating in the Biodegradable Plastics Market are:

• Zhejiang Hisun Biomaterials Co. Ltd.
• Danimer Scientific
• Sigma-Aldrich (Acquisition By Merck)
• Zhejiang Hisun Biomaterials Co. Ltd.
• Biome Bioplastics Limited.
• BASF SE
• Dow Chemical Company (Merger With Dupont)
• Natureworks Llc
• Synbra Holding BV
• Fkur Kunststoff Gmbh
• Futerro SA

Find more research reports on Chemicals and Materials Industry, by Triton Market Research:

• Global Pet Market 2019-2027
• Global Defoamers Market 2019-2027
• Global Cable Glands Market 2019-2027