Global Biodegradable Plastic Bags and Sacks Sales Market Report 2022

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.
Market Analysis and Insights: Global Biodegradable Plastic Bags and Sacks Market
Due to the COVID-19 pandemic, the global Biodegradable Plastic Bags and Sacks market size is estimated to be worth US$ 854 million in 2021 and is forecast to a readjusted size of US$ 854 million by 2028 with a CAGR of 4.0% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Biodegradable Plastic Bags and Sacks global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
Global Biodegradable Plastic Bags and Sacks key players include BioBag, Novolex, EnviGreen, BASF, etc. Global top four manufacturers hold a share about 30%.
Europe is the largest market, with a share over 60%, followed by Asia-Pacific, and North America, both have a share about 35 percent.
In terms of product, Starch Blends is the largest segment, with a share over 40%. And in terms of application, the largest application is Convenient for Shopping, followed by Garbage Containing, Food Packaging and Industrial Packaging, etc.
Global Biodegradable Plastic Bags and Sacks Scope and Market Size
The global Biodegradable Plastic Bags and Sacks market is segmented by company, region (country), 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 region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Polylactic acid (PLA)
Polyhydroxyalkanoate (PHA)
Starch Blends
Others
Segment by Application
Food Packaging and Industrial Packaging
Convenient for Shopping
Garbage Containing
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
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

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