Biodegradable Plastics Market by Type (PLA, Starch Blends, Biodegradable Polyesters, PHA, Others), End User Industry, Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025

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Global biodegradable plastics market is expected to reach USD 8.57 Billion by 2025, at a CAGR of 15.64% from 2018 to 2025. Growing consumer preference for the eco-friendly plastic products and increasing regulations and prohibitions against the use of plastic bags and other plastic items are driving the global biodegradable plastics market.

Market Overview:

Biodegradable plastic is plastic that decomposes naturally in the environment by the action of microorganisms in the environment that metabolize and break down the structure of biodegradable plastic. The end result is one which is relatively less harmful to the environment than the traditional plastics. Non-decomposable plastics are a global environmental problem. Governments around the world are dealing with this problem by banning single-use plastics and promoting biodegradable plastics. Moreover, consumers are willing to pay more for biodegradable plastics owing to their eco-friendly nature. Moreover increasing use of biodegradable plastics in packaging and agriculture sectors is projected to drive the global biodegradable plastics market over the forecast period.

Report Description:

  • The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The global biodegradable plastics market is analysed on the basis of value (USD Billion), volume (Kilotons), consumption (Kilotons), imports (Kilotons) and exports (Kilotons).
  • The study delivers a comprehensive analysis of global biodegradable plastics market by type, end user industry and regions. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global biodegradable plastics market. This report incorporates the industry analysis which is focused on providing an extensive view of the biodegradable plastics market.
  • The study also includes attractiveness analysis of type, end user industry and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the biodegradable plastics market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:                                                                                                                                                    

Drivers:

  • Growing consumer preference towards eco-friendly plastic products
  • Increasing government emphasis on the use of biodegradable plastics

Restraints:

  • Higher cost of biodegradable plastics
  • Shortcomings of biodegradable plastics

Opportunities:

  • Growing use in the food and beverages industry
  • Rapid growth of packaging industry

Challenges:

  • Requirement of ideal conditions for the decomposition of biodegradable plastics

Global Biodegradable Plastics Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.

Segmentation Analysis:

The global biodegradable plastics market has been segmented on the basis of type, and end user industry.

  • Type segment is divided into PLA, starch blends, biodegradable polyesters, PHA, PCL, PBAT, PBS, and others. PLA segment emerged as the leading type segment with a 37.74% share of market revenue in 2017. PLA is made from natural ingredients such as corn starch, tapioca roots, or sugarcane. PLA biodegradable plastics are non-toxic, environmentally friendly and degrade within the 3–6 months in an industrial composting system. Thus PLA biodegradable plastics are widely used in the production of drink cups, takeaway food trays, containers, and planter boxes.
  • End user industry is segmented into packaging & bags, consumer goods, agriculture & horticulture, textiles, and others. Packaging & bags segment led the global biodegradable plastics market with a 39.95% share of market revenue in 2017.  This increased market share can be attributed the growing demand for the environmentally sustainable packaging materials for the packaging of fresh food, dried snacks & candy, bakery goods, water & juice bottles, and meat products.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Europe region emerged as the largest market for the biodegradable plastics with a 39.57% share of market revenue in 2017.

  • Due to the implementation of stringent regulations on the use of non-biodegradable plastics, high level of awareness among the consumers pertaining environmental impacts of the regular plastic, as well as the presence of well-developed food and beverages industry led Europe region to dominate the global demand for the biodegradable plastics in 2017.
  • Asia Pacific region is anticipated to grow at the highest CAGR of 18.34% over the forecast period. Factors such as easy availability of raw materials used to manufacture biodegradable plastics, the rapid growth of packaging industry as well as increasing acceptance of biodegradable plastics in the various end user industries are expected to propel this increased growth.

Global Biodegradable Plastics Market Competitive Analysis:

Key players in the global biodegradable plastics market are BASF SE, BIO-ON, Biome Bioplastics, Total Corbion PLA, FKuR, MHG, Natur -Tec India Private  Limited., Nature Works LLC, Mitsubishi Chemical Corporation, Plantic Technologies, Danimer Scientific, Novamont S.P.A., Toray Industries, Succinity GmbH, Tianan Biologic Materials Co., Synbra Technology Bv, Carbiolice, and among others. Regular biodegradable plastics require specific moisture and temperature in order to decompose. Scientists at the BEACON bioeconomy research centre and AMBER materials science research centre have, however, designed a new biodegradable material which could help alleviate the problem. They found that by adding polycaprolactone (PCL) to polylactic acid (PLA), which normally on its own requires high temperatures to disintegrate, the material completely broke down in an environment mirroring a home composter.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global biodegradable plastics market on the basis of below mentioned segments:

Global Biodegradable Plastics Market by Type:

  • PLA
  • Starch Blends
  • Biodegradable Polyesters
  • PHA
  • PCL
  • PBAT
  • PBS
  • Others

Global Biodegradable Plastics Market by End User Industry:

  • Packaging & Bags
  • Consumer Goods
  • Agriculture & Horticulture
  • Textiles
  • Others

Global Biodegradable Plastics Market by Region:

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Sweden
  • Netherlands
  • U.K.
  • Italy
  • Spain
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Philippines
  • Rest of Asia-Pacific
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
  • The Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Nigeria
  • South Africa
  • Rest of the Middle East and Africa

1. Introduction
   1.1. Objectives of the Study
   1.2. Market Definition
   1.3. Research Scope
   1.4. Currency

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
   4.1. Porter’s Five Forces Analysis
   4.2. Value Chain Analysis
   4.3. Top Investment Pockets
        4.3.1. Market attractiveness analysis by Type
        4.3.2. Market attractiveness analysis by End User Industry
        4.3.3. Market attractiveness analysis by Region
   4.4. Industry Trends

5. Market Dynamics
   5.1. Market Evaluation
   5.2. Drivers
        5.2.1. Growing consumer preference toward eco-friendly plastic products
        5.2.2. Increasing government emphasis on the use of biodegradable plastics
   5.3. Restraints
        5.3.1. Higher cost of biodegradable plastics
        5.3.2. Shortcomings of biodegradable plastics
   5.4. Opportunities
        5.4.1. Growing use in the Food and beverages industry
        5.4.2. Rapid growth of packaging industry
   5.5. Challenges
        5.5.1. Requirement of ideal conditions for the decomposition of biodegradable plastics

6. Global Biodegradable Plastics Market Analysis and Forecast, By Type
   6.1. Segment Overview
   6.2. PLA
   6.3. Starch Blends
   6.4. Biodegradable Polyesters
   6.5. PHA
   6.6. PCL
   6.7. PBAT
   6.8. PBS
   6.9. Others

7. Global Biodegradable Plastics Market Analysis and Forecast, By End User Industry
   7.1. Segment Overview
   7.2. Packaging & Bags
   7.3. Consumer Goods
   7.4. Agriculture & Horticulture
   7.5. Textiles
   7.6. Others

8. Global Biodegradable Plastics Market Analysis and Forecast, By Regional Analysis
   8.1. Segment Overview
   8.2. North America
        8.2.1. U.S.
        8.2.2. Canada
        8.2.3. Mexico
   8.3. Europe
        8.3.1. Germany
        8.3.2. France
        8.3.3. Sweden
        8.3.4. Netherlands
        8.3.5. U.K.
        8.3.6. Italy
        8.3.7. Spain
        8.3.8. Turkey
        8.3.9. Switzerland
        8.3.10. Belgium
        8.3.11. Rest of Europe
   8.4. Asia-Pacific
        8.4.1. Japan
        8.4.2. China
        8.4.3. India
        8.4.4. South Korea
        8.4.5. Australia
        8.4.6. Singapore
        8.4.7. Malaysia
        8.4.8. Thailand
        8.4.9. Indonesia
        8.4.10. Philippines
        8.4.11. Rest of Asia-Pacific
   8.5. South America
        8.5.1. Brazil
        8.5.2. Argentina
        8.5.3. Colombia
        8.5.4. Rest of South America
   8.6. Middle East and Africa
        8.6.1. Saudi Arabia
        8.6.2. UAE
        8.6.3. Egypt
        8.6.4. Nigeria
        8.6.5. South Africa
        8.6.6. Rest of  Middle East and Africa

9. Global Biodegradable Plastics Market-Competitive Landscape
   9.1. Overview
   9.2. Market Share of Key Players in the Biodegradable Plastics Market
        9.2.1. Global Company Market Share
        9.2.2. North America Company Market Share
        9.2.3. Europe Company Market Share
        9.2.4. APAC Company Market Share
   9.3. Competitive Situations and Trends
        9.3.1. Product Launches and Developments
        9.3.2. Partnerships, Collaborations, and Agreements
        9.3.3. Mergers & Acquisitions
        9.3.4. Expansions

10. Company Profiles
   10.1. BASF SE
        10.1.1. Business Overview
        10.1.2. Company Snapshot
        10.1.3. Company Market Share Analysis
        10.1.4. Company Product Portfolio
        10.1.5. Recent Developments
        10.1.6. SWOT Analysis
   10.2. BIO-ON
        10.2.1. Business Overview
        10.2.2. Company Snapshot
        10.2.3. Company Market Share Analysis
        10.2.4. Company Product Portfolio
        10.2.5. Recent Developments
        10.2.6. SWOT Analysis
   10.3. Biome Bioplastics
        10.3.1. Business Overview
        10.3.2. Company Snapshot
        10.3.3. Company Market Share Analysis
        10.3.4. Company Product Portfolio
        10.3.5. Recent Developments
        10.3.6. SWOT Analysis
   10.4. Total Corbion PLA
        10.4.1. Business Overview
        10.4.2. Company Snapshot
        10.4.3. Company Market Share Analysis
        10.4.4. Company Product Portfolio
        10.4.5. Recent Developments
        10.4.6. SWOT Analysis
   10.5. FKuR
        10.5.1. Business Overview
        10.5.2. Company Snapshot
        10.5.3. Company Market Share Analysis
        10.5.4. Company Product Portfolio
        10.5.5. Recent Developments
        10.5.6. SWOT Analysis
   10.6. MHG
        10.6.1. Business Overview
        10.6.2. Company Snapshot
        10.6.3. Company Market Share Analysis
        10.6.4. Company Product Portfolio
        10.6.5. Recent Developments
        10.6.6. SWOT Analysis
   10.7. Natur -Tec India Private  Limited
        10.7.1. Business Overview
        10.7.2. Company Snapshot
        10.7.3. Company Market Share Analysis
        10.7.4. Company Product Portfolio
        10.7.5. Recent Developments
        10.7.6. SWOT Analysis
   10.8. Nature Works LLC
        10.8.1. Business Overview
        10.8.2. Company Snapshot
        10.8.3. Company Market Share Analysis
        10.8.4. Company Product Portfolio
        10.8.5. Recent Developments
        10.8.6. SWOT Analysis
   10.9. Mitsubishi Chemical Corporation
        10.9.1. Business Overview
        10.9.2. Company Snapshot
        10.9.3. Company Market Share Analysis
        10.9.4. Company Product Portfolio
        10.9.5. Recent Developments
        10.9.6. SWOT Analysis
   10.10. Plantic Technologies
        10.10.1. Business Overview
        10.10.2. Company Snapshot
        10.10.3. Company Market Share Analysis
        10.10.4. Company Product Portfolio
        10.10.5. Recent Developments
        10.10.6. SWOT Analysis
   10.11. Danimer Scientific
        10.11.1. Business Overview
        10.11.2. Company Snapshot
        10.11.3. Company Market Share Analysis
        10.11.4. Company Product Portfolio
        10.11.5. Recent Developments
        10.11.6. SWOT Analysis
   10.12. Novamont S.P.A
        10.12.1. Business Overview
        10.12.2. Company Snapshot
        10.12.3. Company Market Share Analysis
        10.12.4. Company Product Portfolio
        10.12.5. Recent Developments
        10.12.6. SWOT Analysis
   10.13. Toray Industries
        10.13.1. Business Overview
        10.13.2. Company Snapshot
        10.13.3. Company Market Share Analysis
        10.13.4. Company Product Portfolio
        10.13.5. Recent Developments
        10.13.6. SWOT Analysis
   10.14. Succinity GmbH
        10.14.1. Business Overview
        10.14.2. Company Snapshot
        10.14.3. Company Market Share Analysis
        10.14.4. Company Product Portfolio
        10.14.5. Recent Developments
        10.14.6. SWOT Analysis
   10.15. Tianan Biologic Materials Co.
        10.15.1. Business Overview
        10.15.2. Company Snapshot
        10.15.3. Company Market Share Analysis
        10.15.4. Company Product Portfolio
        10.15.5. Recent Developments
        10.15.6. SWOT Analysis
   10.16. Synbra Technology Bv
        10.16.1. Business Overview
        10.16.2. Company Snapshot
        10.16.3. Company Market Share Analysis
        10.16.4. Company Product Portfolio
        10.16.5. Recent Developments
        10.16.6. SWOT Analysis
   10.17. Carbiolice
        10.17.1. Business Overview
        10.17.2. Company Snapshot
        10.17.3. Company Market Share Analysis
        10.17.4. Company Product Portfolio
        10.17.5. Recent Developments
        10.17.6. SWOT Analysis

 


List of Figures 

1. Global Biodegradable Plastics Market Segmentation

2. Biodegradable Plastics Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Biodegradable Plastics Market Attractiveness Analysis by Type

9. Global Biodegradable Plastics Market Attractiveness Analysis by End User Industry

10. Global Biodegradable Plastics Market Attractiveness Analysis by Region

11. Global Biodegradable Plastics Market: Dynamics

12. Global Biodegradable Plastics Market Share by Type (2017 & 2025)

13. Global Biodegradable Plastics Market Share by End User Industry (2017 & 2025)

14. Global Biodegradable Plastics Market Share by Regions (2017 & 2025)

15. Global Biodegradable Plastics Market Share by Company (2018)


List of Table

1. Global Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

2. Global PLA Biodegradable Plastics Market, Region, 2015–2025 (USD Billion) (Kilotons)

3. Global Starch Blends Biodegradable Plastics Market, Region, 2015–2025 (USD Billion) (Kilotons)

4. Global Biodegradable Polyester Biodegradable Plastics Market, Region, 2015–2025 (USD Billion) (Kilotons)

5. Global PHA Biodegradable Plastics Market, Region, 2015–2025 (USD Billion) (Kilotons)

6. Global PCl Biodegradable Plastics Market, Region, 2015–2025 (USD Billion) (Kilotons)

7. Global PBAT Biodegradable Plastics Market, Region, 2015–2025 (USD Billion) (Kilotons)

8. Global PBS Biodegradable Plastics Market, Region, 2015–2025 (USD Billion) (Kilotons)

9. Global Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

10. Global Packaging & Bags Biodegradable Plastics Market, By Region, 2015–2025 (USD Billion) (Kilotons)

11. Global Consumer Goods Biodegradable Plastics Market, By Region, 2015–2025 (USD Billion) (Kilotons)

12. Global Agriculture & Horticulture Biodegradable Plastics Market, By Region, 2015–2025 (USD Billion) (Kilotons)

13. Global Textiles Biodegradable Plastics Market, By Region, 2015–2025 (USD Billion) (Kilotons)

14. Global Biodegradable Plastics Market, By Region, 2015–2025 (USD Billion) (Kilotons)

15. Global Biodegradable Plastics Market, By North America, 2015–2025 (USD Billion) (Kilotons)

16. North America Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

17. North America Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

18. U.S. Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

19. U.S. Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

20. Canada Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

21. Canada Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

22. Mexico Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

23. Mexico Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

24. Europe Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

25. Europe Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

26. Germany Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

27. Germany Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

28. France Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

29. France Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

30. Sweden Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

31. Sweden Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

32. Netherlands Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

33. Netherlands Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

34. U.K. Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

35. U.K. Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

36. Italy Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

37. Italy Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

38. Spain Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

39. Spain Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

40. Turkey Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

41. Turkey Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

42. Switzerland Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

43. Switzerland Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

44. Belgium Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

45. Belgium Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

46. Asia Pacific Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

47. Asia Pacific Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

48. Japan Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

49. Japan Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

50. China Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

51. China Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

52. India Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

53. India Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

54. South Korea Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

55. South Korea Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

56. Australia Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

57. Australia Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

58. Singapore Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

59. Singapore Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

60. Malaysia Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

61. Malaysia Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

62. Thailand Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

63. Thailand Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

64. Indonesia Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

65. Indonesia Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

66. Philippines Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

67. Philippines Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

68. South America Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

69. South America Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

70. Brazil Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons) 

71. Brazil Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

72. Argentina Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

73. Argentina Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

74. Colombia Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

75. Colombia Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

76. Middle East and Africa Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

77. Middle East and Africa Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

78. Saudi Arabia Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

79. Saudi Arabia Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

80. UAE Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

81. UAE Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

82. Egypt Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

83. Egypt Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons) 

84. Nigeria Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

85. Nigeria Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

86. South Africa Biodegradable Plastics Market, By Type, 2015–2025 (USD Billion) (Kilotons)

87. South Africa Biodegradable Plastics Market, By End User Industry, 2015–2025 (USD Billion) (Kilotons)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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