The global demand for Biodegradable Additives Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Biodegradable additives, also called degradation initiators, are organic compounds added to enhance the biodegradation of polymers. These additives attract microorganisms for polymer degradation and increase the degradation rate by changing the polymer's physical and chemical properties. Several analysis tests are carried out before using it for treatment to test the biodegradable efficacy of an additive on plastics. The efficiency of another additive depends on environmental conditions as well. These additives can be added to the polymers without any change in the physical properties, shelf life, or processing equipment, and the product is 100% shelf-stable. Using these additives can significantly reduce the accumulation of plastics in the environment.
Increased plastic consumption and the growing demand for environment-friendly industrial products and solutions are the main market drivers. Rapid industrialization and replacement of conventional materials with plastic in various end-user industries will further propel the market growth. Increased research activities to reduce the time taken for the degradation of unwanted plastic products will be a market booster. Initiatives from government and private sector agencies to raise awareness among the public regarding the ill effects of plastic waste will create an upward surge in the market growth. This market's main challenge will be the inability to differentiate conventional plastic from biodegradable, leading to complications in decomposing plastic waste.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of biodegradable additives.
The entire biodegradable additives market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Polypropylene (PP)
- Polystyrene (PS)
- Polyethylene (PE)
This section covers regional segmentation which accentuates on current and future demand for biodegradable additives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Biodegradable Additives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the biodegradable additives market include Bio-Tec Environmental, Add-X Biotech, ENSO Plastics, EPI Environmental Technologies, EnerPlastics, BioSphere Plastic, Wells Plastics, Willow Ridge Plastics, HPL Additives Limited, Blend Colours, Symphony Environment, Everbrighten International, Colloids. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.