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Biodegradable Bags Market - Overview

A biodegradable plastic bag is a bag made of plant-based material that gets degraded naturally into the base compounds within a few weeks. Biodegradable bags are being widely used in the packaging industry for various purposes around the world. Biodegradable bags are made of different types of polymers (such as PE-polyethylene, PE-polystyrene and PP-polypropylene associated with extra ingredients which are examined to degrade in the open environment. These biodegradable bags are used in different industries (like the food and beverage sector, pharmaceuticals, and agriculture, horticulture etc.). Various governments’ initiative steps on diminishing the overall percentile of pollutant waste product and replacing plastic with other biodegradable bags are driving the growth of biodegradable bags market and the increased amount of eco-friendly products are widening the area of bio-bags and it is anticipated that the biodegradable bags market will witness a rapid growth rate over the forecast period.

Biodegradable Bags Market - Dynamics

Drivers:

A considerable issue of the non-recyclable waste has resulted in a disaster in the environment. This has helped in propelling the demand for global biodegradable plastics bags and other products. Biodegradable bags express some characteristics like lightweight and easy disposability. The biodegradable bags are returnable, reusable and eco-friendly. Furthermore, the biodegradable bags consume less energy during the manufacturing process and reduces the waste amount production rate by breaking down the chemical formula only in 4-6 weeks. These are some of the major factors which are driving the growth of biodegradable bags market.  

Restraints:

The processing of biodegradable bags involves complex engineering system and costly equipment is needed for processing and recycling process. Moreover, there is always a risk of contamination due to differentiating confusion between the biodegradable and non-biodegradable material which might hinder the growth of biodegradable bags market. 

Opportunities:

Consumer’s Shifting Preference to Bio-Based Products

Industry-trends are being shifted to eco-friendly bio-based products to lessen the dependency on traditional plastics. Additionally, the manufacturers and end-users from various industries (packaging, textile, food & beverage, agriculture, horticulture are focusing on producing and consuming bio-based plastic due to strict regulations against plastic use.

Growth in Environmental-Concern among Consumers

The rising concern about the environment among people is forcing the consumers to shift their preferences towards biodegradable bags. The demand for these bags has now reached all the industries worldwide. All the manufacturers are fulfilling the demand of pharmaceutical and food & beverage industries. Thus, the expansion of the food and beverages industry will promote the growth of the biodegradable bag‘s market in near future and new biodegradable bags made of the tropical fruits' skin available at a low price are expected to create opportunities for the market.

Biodegradable Bags Market - Covid-19 Impact

The sudden outbreak of novel Coronavirus has affected almost all the industries. Like every other industry, biodegradable bags market has been affected too. The governments’ rules and regulations for maintaining distance at the workplace, declining trading activity have declined the growth of biodegradable bags market. However, it is anticipated that the declining growth rate will convert into inclining growth rate over time.

Biodegradable Bags Market - Segmentation

The global biodegradable bags market is segmented by material type and end use.

By material type, the global biodegradable bags market is segmented as follows:

  • Poly Lactic Acid (PLA)
  • Starch Based
  • Polyhydroxyalkanoates (PHA)
  • Polybutylene succinate (PBS)
  • Cellulose Based
  • Others Materials

By end use, the global biodegradable bags market is segmented as follows:

  • Food and beverages,
  • Pharmaceuticals,
  • Packaging,
  • Agriculture and composting,
  • Textiles

Biodegradable Bags Market - Regional Outlook

North America region followed by Europe is expected to lead the biodegradable bags market due to the highest consumption of packaged products. Asia Pacific region is likely to witness a huge rise in biodegradable bags consumption due to the rising urbanization in China, India and other emerging nations. It is apprehended that the Middle East and Africa will show a decent growth rate owing to the high demand for the global biodegradable bags market.

Biodegradable Bags Market - Key Players

  • Biopac India Corporation Ltd.
  • Smurfit Kappa Group
  • Mondi Group
  • BASF SE
  • WestRock Company
  • Georgia-Pacific, Metabolix, Inc.
  • Cereplast Inc.
  • Novolex
  • Shabra Group
  • International Plastics Inc.
  • Ampac Holdings LLC, Bulldog Bag Ltd.
  • Abbey Polyethene
  • Sahachit Watana Plastic Industry Co Ltd.
  • Sarah Bio Plast

The report on biodegradable bags market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Biodegradable bags market also maps the qualitative impact of various market factors on market segments and geographies.

The global biodegradable bags market is divided into seven major regions, which are as follows -

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa (MEA)

Report Highlights:

  • A detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size regarding volume and value
  • Recent industry trends and developments for biodegradable bags market
  • Competitive landscape for biodegradable bags market
  • Strategies for key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Biodegradable Bags Market

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