The North America biodegradable plastic market is accounted to US$ 806.9 Mn in 2018 and is expected to grow at a CAGR of 14.0% during the forecast period 2019 – 2027, to account to US$ 2,622.4 Mn by 2027.
U.S. is dominating the North America biodegradable plastic market followed by Canada. The market for biodegradable plastic is growing in U.S. due to increasing concerns by the consumers over the impact plastic products have on the environment. The manufacturers have come up with several innovations in the case of plastics to turn it up into greener products. The development of bioresin as an environmentally friendly substitute to polyurethane-based plastic is considered to be one of the important transformations towards the green future. North America Biodegradable Plastic Market New York City has also supported the bans on no-biodegradable plastics by imposing strict guidelines for recycling plastic bags. Also, cities like Boston and Phoenix, have started charging fees or banning bags below a certain level of thickness. North America Biodegradable Plastic Market Apart from this, the other cities which have banned the use of plastic bags in U.S. are Chicago Seattle, Los Angeles, Austin and San Francisco, Washington, Brownsville, and Portland.
📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ https://www.businessmarketinsights.com/sample/TIPRE00007052
North America Biodegradable Plastic Strategic Insights
North America Biodegradable Plastic Market Strategic insights for the North America Biodegradable Plastic provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. North America Biodegradable Plastic Market A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 @ https://www.businessmarketinsights.com/reports/north-america-biodegradable-plastic-market
𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬
API SpA
BASF S.E.
FKuR Kunststoff GmbH
Green Dot Bioplastics
NatureWorks LLC.
Novamont S.p.A.
Kingfa Sci. & Tech. Co., Ltd.
Mitsubishi Chemical Corporation
North America Biodegradable Plastic Market: Current Trends and Future Outlook
North America Biodegradable Plastic Market The biodegradable plastic market in North America is gaining significant traction due to the growing awareness of environmental issues and the increased demand for sustainable alternatives to traditional petroleum-based plastics. North America Biodegradable Plastic Market Biodegradable plastics, made from renewable resources, decompose naturally through microbial action over time, thereby reducing the long-term environmental impact compared to conventional plastics that persist in landfills for centuries. This market, driven by legislative support, technological advancements, and shifting consumer preferences, is expected to experience robust growth in the coming years.
Market Overview
The biodegradable plastic market in North America is part of the global shift towards more sustainable materials. As awareness about the environmental harm caused by plastic waste grows, North America Biodegradable Plastic Market biodegradable plastics present a viable alternative to address the growing concerns of plastic pollution. In 2021, the North American biodegradable plastic market was valued at approximately USD 1.5 billion, and it is projected to grow at a compound annual growth rate (CAGR) of around 12% from 2022 to 2030.
North America Biodegradable Plastic Market This market consists primarily of two types of biodegradable plastics: bioplastics made from plant-based materials such as starch, polylactic acid (PLA), and polyhydroxyalkanoates (PHA), and biodegradable plastics derived from fossil fuels, like polybutylene succinate (PBS). Among these, PLA has gained significant market share, particularly in packaging applications, due to its versatility, biodegradability, and compostability.
Regional Regulations Supporting Biodegradable Plastics
In addition to consumer-driven demand, regulatory initiatives in several U.S. cities have further accelerated the adoption of biodegradable plastics. New York City, a leading advocate for environmental sustainability, has implemented strict recycling guidelines for plastic bags and supports bans on non-biodegradable plastics. Other cities such as Boston and Phoenix have enacted measures that charge fees for plastic bags below a certain thickness or have imposed outright bans. These regulatory actions push local businesses and consumers toward more sustainable practices, including the adoption of biodegradable plastic alternatives.
Other major U.S. cities, including Chicago, Seattle, Los Angeles, Austin, San Francisco, Washington, Brownsville, and Portland, have also introduced similar bans or fees on plastic bags, signaling a growing trend of local governments taking action against plastic waste. These measures are not only meant to reduce plastic pollution but also to encourage innovation in the use of biodegradable materials in packaging, consumer goods, and other sectors. The widespread regulatory support across multiple regions within the U.S. provides a conducive environment for the growth of the biodegradable plastic market.
Strategic Insights for North America Biodegradable Plastic Market
Strategic insights for the North American biodegradable plastic market reveal key trends and factors that are shaping the future of this industry. These insights are crucial for stakeholders, including investors, manufacturers, and policymakers, to understand the market dynamics and identify opportunities for growth.
1. Emerging Innovations and Technological Advancements
Innovation plays a central role in the North American biodegradable plastics market. Manufacturers are investing heavily in research and development to create new, more efficient biodegradable materials. Key innovations include the development of biodegradable polymers such as PLA (polylactic acid), PHA (polyhydroxyalkanoates), and starch-based plastics, all of which are becoming increasingly popular in packaging, agricultural applications, and consumer goods.
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