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US Biodegradable Plastic Market (2022-2027) by Type, End User, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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    Report

  • 179 Pages
  • April 2022
  • Region: United States
  • Infogence Global Research
  • ID: 5585586
The US Biodegradable Plastic Market is estimated to be USD 1.94 Bn in 2022 and is projected to reach USD 4.85 Bn by 2027, growing at a CAGR of 20.1%.



Market dynamics are forces that impact the prices and behaviors of the US Biodegradable Plastic Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The US Biodegradable Plastic Market is segmented based on Type, and End User.
  • By Type, the market is classified into Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoate (PHA), and Starch Based.
  • By End User, the market is classified into Packaging, Agriculture, Consumer Goods, and Others.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Agrana Group, BASF SE, Corbion NV, Danimer Scientific, Dow Inc, Eastman Chemical Company, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US Biodegradable Plastic Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the US Biodegradable Plastic Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the US Biodegradable Plastic Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the US Biodegradable Plastic Market

What is the estimated value of the US Biodegradable Plastic Market?

The US Biodegradable Plastic Market was estimated to be valued at $1.94 Billion in 2022.

What is the growth rate of the US Biodegradable Plastic Market?

The growth rate of the US Biodegradable Plastic Market is 20.1%, with an estimated value of $4.85 Billion by 2027.

What is the forecasted size of the US Biodegradable Plastic Market?

The US Biodegradable Plastic Market is estimated to be worth $4.85 Billion by 2027.

Who are the key companies in the US Biodegradable Plastic Market?

Key companies in the US Biodegradable Plastic Market include Agrana Group, BASF SE, Corbion NV, Danimer Scientific, Dow Inc, Eastman Chemical Company, FKuR Kunststoff GmbH, Green Dot Bioplastics Inc and Kuraray Co. Ltd.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Changing Consumer Preference Toward Eco-Friendly Plastic Products
4.1.2 Increasing Use in Packaging and Compostable Bag Applications
4.1.3 Government Focus on Green Procurement Policies and Regulations
4.2 Restraints
4.2.1 Higher Prices of Biodegradable Plastics Than Conventional Plastics
4.3 Opportunities
4.3.1 Development of New Applications
4.4 Challenges
4.4.1 Performance Issue
4.4.2 Fluctuating Oil Prices Create Volatility in Demand for Biodegradable Plastics
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 US Biodegradable Plastic Market, By Type
6.1 Introduction
6.2 Polylactic Acid (PLA)
6.3 Polybutylene Adipate Terephthalate (PBAT)
6.4 Polybutylene Succinate (PBS)
6.5 Polyhydroxyalkanoate (PHA)
6.6 Starch Based
7 US Biodegradable Plastic Market, By End Users
7.1 Introduction
7.2 Packaging
7.3 Agriculture
7.4 Consumer Goods
7.5 Others
8 Competitive Landscape
8.1 Competitive Quadrant
8.2 Market Share Analysis
8.3 Strategic Initiatives
8.3.1 M&A and Investments
8.3.2 Partnerships and Collaborations
8.3.3 Product Developments and Improvements
9 Company Profiles
9.1 Agrana Group
9.2 BASF SE
9.3 Corbion NV
9.4 Danimer Scientific
9.5 Dow Inc
9.6 Eastman Chemical Company
9.7 FKuR Kunststoff GmbH
9.8 Green Dot Bioplastics Inc
9.9 Ingevity
9.10 Kuraray Co. Ltd
9.11 Mitsubishi Chemical Holdings Corp
9.12 NatureWorks LLC
9.13 Toray Industries Inc
10 Appendix
10.1 Questionnaire

Companies Mentioned

  • Agrana Group
  • BASF SE
  • Corbion NV
  • Danimer Scientific
  • Dow Inc
  • Eastman Chemical Company
  • FKuR Kunststoff GmbH
  • Green Dot Bioplastics Inc
  • Ingevity
  • Kuraray Co. Ltd
  • Mitsubishi Chemical Holdings Corp
  • NatureWorks LLC
  • Toray Industries Inc