Global Biodegradable Plastic Bags and Sacks Market Research Report 2020

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.
In consumption market, North America and Europe are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 82.48% of the global consumption volume in total.

The global Biodegradable Plastic Bags and Sacks market is valued at 851.2 million US$ in 2020 is expected to reach 1049.3 million US$ by the end of 2026, growing at a CAGR of 3.0% during 2021-2026.
This report focuses on Biodegradable Plastic Bags and Sacks volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Biodegradable Plastic Bags and Sacks market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan etc.
Market Segment Analysis
The research report includes specific segments by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type, the Biodegradable Plastic Bags and Sacks market is segmented into
Polylactic acid (PLA)
Polyhydroxyalkanoate (PHA)
Starch Blends
Others

Segment by Application
Food Packaging & Industrial Packaging
Convenient for Shopping
Garbage Containing
Others

Global Biodegradable Plastic Bags and Sacks Market: Regional Analysis
The Biodegradable Plastic Bags and Sacks market is analysed and market size information is provided by regions (countries). The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.
The key regions covered in the Biodegradable Plastic Bags and Sacks market report are:
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Global Biodegradable Plastic Bags and Sacks Market: Competitive Analysis
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.
The major players in global Biodegradable Plastic Bags and Sacks market include:
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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