Biodegradable Bags Market – Global Industry Analysis and Forecast (2024-2030)

Global Biodegradable Bags Market is expected to grow at a CAGR of 9.7% during the forecast period. Global Biodegradable Bags Market is expected to reach US$ 3.90 Bn by 2030. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Biodegradable Bags MarketTo know about the Research Methodology :- Request Free Sample Report

Biodegradable Bags Market Dynamics:

Biodegradable bags have been extensively used for packaging in various sectors across the globe. Over the years, the demand for biodegradable bag market is witnessing a higher growth due to the implementation of stringent regulations on the use of non-degradable plastic by various governments across the world and an increase in health awareness among the consumers. The food & beverage industry contributes heavily to the biodegradable packaging industry. Thus, the growth of the food and beverages related packaging will promote the biodegradable bag market growth in coming years. Geographically market is segregated into North America, Latin America, Asia-Pacific, Europe and Middle East & Africa. The U.S. accounted for the largest market share in bio-degradable bags mainly due to increasing concerns regarding the environment in people, which is anticipated to fuel the global market in future. With the growth in environmental concerns, there is a continuous rise in consumer awareness towards the use of eco-friendly products. Thus, the customer preference towards eco-friendly clean substitutes from traditional synthetic products is anticipated to fuel the demand for Oxo-biodegradable bags. Also, continuous growth in the food & beverage and pharmaceutical industries helps in boosting the demand for Oxo-biodegradable bags across the globe. Manufacturers of Oxo-biodegradable bags have also introduced Oxo-biodegradable bags for a variety of market Regions in customized sizes and colours. However, the sudden fluctuation in the cost of raw materials involved in the Textiles of Oxo-biodegradable bags is the restraining factor for the growth of the global Oxo-biodegradable bags market. Growing demand for Oxo-biodegradable bags in packaging owing to advantageous product is expected to boost the growth of the market over the forecast period.

Biodegradable Bags Market Segment Analysis:

Global market is segmented by type, by application and by region. In terms of type market is classified into Oxo-biodegradable Bags and Hydro-biodegradable Bags. Food and beverages, pharmaceuticals, packaging, agriculture and composting, textiles are the application segments of the global market. Biodegradable bags are extensively used owing to their characteristics such as lightweight and easy disposability. Hydro-biodegradable plastics are not genuinely renewable because the process of making them from crops is itself a significant user of fossil-fuel energy and a producer therefore of greenhouse gases.

Biodegradable Bags Market Regional Insights:

Compared to other regions, the global market in the North America region is expected to show an exponential growth over the forecast period. Rise in urbanization leading to increased environmental concerns in the developing economies like India & China is a major reason for switching towards Biodegradable packaging in the Asia-Pacific region. Middle East and Africa shows a favorable Growth in demand of global market. Biodegradable bags market is expected to grow at a healthy CAGR globally over the forecast period. The objective of the report is to present comprehensive analysis of global market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding global market dynamics, structure by analyzing the market segments, and project the global market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.

Biodegradable Bags Market, Key Highlights:

Global market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global market Biodegradable Bags Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Global market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the global market are also profiled.

Biodegradable Bags Market Scope:Inquire before buying

Biodegradable Bags Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: US $ 2.04 Bn.
Forecast Period 2024 to 2030 CAGR: 9.7% Market Size in 2030: US $ 3.90 Bn.
Segments Covered: by Type Oxo-biodegradable Hydro-biodegradable
by Application Food and beverages Pharmaceuticals Packaging Agriculture and composting Textiles

Biodegradable Bags Market, by Region:

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Biodegradable Bags Market, Key Players:

1. Biopac India Corporation Ltd 2. Smurfit Kappa Group 3. Mondi Group 4. BASF SE 5. WestRock Company 6. Georgia-Pacific 7. Metabolix, Inc. 8. Cereplast Inc. 9. Novolex 10. Shabra Group 11. International Plastics Inc. 12. Ampac Holdings LLC 13. Bulldog Bag Ltd. 14. Sahachit Watana Plastic Industry Co Ltd. 15. Abbey Polyethene 16. Sarah Bio Plast 17. NatureWorks 18. Total Corbion PLA 19. Mitsubishi Chemical 20. Biome Bioplastics Frequently Asked Questions: 1. Which region has the largest share in Global Biodegradable Bags Market? Ans: North America region held the highest share in 2023. 2. What is the growth rate of Global Biodegradable Bags Market? Ans: The Global Biodegradable Bags Market is growing at a CAGR of 9.7% during forecasting period 2024-2030. 3. What is scope of the Global Biodegradable Bags Market report? Ans: Global Biodegradable Bags Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Biodegradable Bags Market? Ans: The important key players in the Global Biodegradable Bags Market are – Biopac India Corporation Ltd, Smurfit Kappa Group, Mondi Group, BASF SE, WestRock Company, Georgia-Pacific, Metabolix, Inc., Cereplast Inc., Novolex, and Shabra Group. 5. What is the study period of this Market? Ans: The Global Biodegradable Bags Market is studied from 2023 to 2030.
1. Biodegradable Bags Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Biodegradable Bags Market: Dynamics 2.1. Biodegradable Bags Market Trends by Region 2.1.1. North America Biodegradable Bags Market Trends 2.1.2. Europe Biodegradable Bags Market Trends 2.1.3. Asia Pacific Biodegradable Bags Market Trends 2.1.4. Middle East and Africa Biodegradable Bags Market Trends 2.1.5. South America Biodegradable Bags Market Trends 2.2. Biodegradable Bags Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Biodegradable Bags Market Drivers 2.2.1.2. North America Biodegradable Bags Market Restraints 2.2.1.3. North America Biodegradable Bags Market Opportunities 2.2.1.4. North America Biodegradable Bags Market Challenges 2.2.2. Europe 2.2.2.1. Europe Biodegradable Bags Market Drivers 2.2.2.2. Europe Biodegradable Bags Market Restraints 2.2.2.3. Europe Biodegradable Bags Market Opportunities 2.2.2.4. Europe Biodegradable Bags Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Biodegradable Bags Market Drivers 2.2.3.2. Asia Pacific Biodegradable Bags Market Restraints 2.2.3.3. Asia Pacific Biodegradable Bags Market Opportunities 2.2.3.4. Asia Pacific Biodegradable Bags Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Biodegradable Bags Market Drivers 2.2.4.2. Middle East and Africa Biodegradable Bags Market Restraints 2.2.4.3. Middle East and Africa Biodegradable Bags Market Opportunities 2.2.4.4. Middle East and Africa Biodegradable Bags Market Challenges 2.2.5. South America 2.2.5.1. South America Biodegradable Bags Market Drivers 2.2.5.2. South America Biodegradable Bags Market Restraints 2.2.5.3. South America Biodegradable Bags Market Opportunities 2.2.5.4. South America Biodegradable Bags Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Biodegradable Bags Industry 2.8. Analysis of Government Schemes and Initiatives For Biodegradable Bags Industry 2.9. Biodegradable Bags Market Trade Analysis 2.10. The Global Pandemic Impact on Biodegradable Bags Market 3. Biodegradable Bags Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 3.1.1. Oxo-biodegradable 3.1.2. Hydro-biodegradable 3.2. Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 3.2.1. Food and beverages 3.2.2. Pharmaceuticals 3.2.3. Packaging 3.2.4. Agriculture and composting 3.2.5. Textiles 3.3. Biodegradable Bags Market Size and Forecast, by Region (2023-2030) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Biodegradable Bags Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 4.1.1. Oxo-biodegradable 4.1.2. Hydro-biodegradable 4.2. North America Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 4.2.1. Food and beverages 4.2.2. Pharmaceuticals 4.2.3. Packaging 4.2.4. Agriculture and composting 4.2.5. Textiles 4.3. North America Biodegradable Bags Market Size and Forecast, by Country (2023-2030) 4.3.1. United States 4.3.1.1. United States Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 4.3.1.1.1. Oxo-biodegradable 4.3.1.1.2. Hydro-biodegradable 4.3.1.2. United States Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 4.3.1.2.1. Food and beverages 4.3.1.2.2. Pharmaceuticals 4.3.1.2.3. Packaging 4.3.1.2.4. Agriculture and composting 4.3.1.2.5. Textiles 4.3.2. Canada 4.3.2.1. Canada Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 4.3.2.1.1. Oxo-biodegradable 4.3.2.1.2. Hydro-biodegradable 4.3.2.2. Canada Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 4.3.2.2.1. Food and beverages 4.3.2.2.2. Pharmaceuticals 4.3.2.2.3. Packaging 4.3.2.2.4. Agriculture and composting 4.3.2.2.5. Textiles 4.3.3. Mexico 4.3.3.1. Mexico Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 4.3.3.1.1. Oxo-biodegradable 4.3.3.1.2. Hydro-biodegradable 4.3.3.2. Mexico Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 4.3.3.2.1. Food and beverages 4.3.3.2.2. Pharmaceuticals 4.3.3.2.3. Packaging 4.3.3.2.4. Agriculture and composting 4.3.3.2.5. Textiles 5. Europe Biodegradable Bags Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 5.2. Europe Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 5.3. Europe Biodegradable Bags Market Size and Forecast, by Country (2023-2030) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 5.3.1.2. United Kingdom Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 5.3.2. France 5.3.2.1. France Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 5.3.2.2. France Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 5.3.3. Germany 5.3.3.1. Germany Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 5.3.3.2. Germany Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 5.3.4. Italy 5.3.4.1. Italy Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 5.3.4.2. Italy Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 5.3.5. Spain 5.3.5.1. Spain Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 5.3.5.2. Spain Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 5.3.6. Sweden 5.3.6.1. Sweden Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 5.3.6.2. Sweden Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 5.3.7. Austria 5.3.7.1. Austria Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 5.3.7.2. Austria Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 5.3.8.2. Rest of Europe Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 6. Asia Pacific Biodegradable Bags Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 6.2. Asia Pacific Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 6.3. Asia Pacific Biodegradable Bags Market Size and Forecast, by Country (2023-2030) 6.3.1. China 6.3.1.1. China Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 6.3.1.2. China Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 6.3.2. S Korea 6.3.2.1. S Korea Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 6.3.2.2. S Korea Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 6.3.3. Japan 6.3.3.1. Japan Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 6.3.3.2. Japan Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 6.3.4. India 6.3.4.1. India Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 6.3.4.2. India Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 6.3.5. Australia 6.3.5.1. Australia Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 6.3.5.2. Australia Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 6.3.6. Indonesia 6.3.6.1. Indonesia Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 6.3.6.2. Indonesia Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 6.3.7. Malaysia 6.3.7.1. Malaysia Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 6.3.7.2. Malaysia Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 6.3.8. Vietnam 6.3.8.1. Vietnam Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 6.3.8.2. Vietnam Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 6.3.9. Taiwan 6.3.9.1. Taiwan Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 6.3.9.2. Taiwan Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 6.3.10.2. Rest of Asia Pacific Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 7. Middle East and Africa Biodegradable Bags Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 7.2. Middle East and Africa Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 7.3. Middle East and Africa Biodegradable Bags Market Size and Forecast, by Country (2023-2030) 7.3.1. South Africa 7.3.1.1. South Africa Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 7.3.1.2. South Africa Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 7.3.2. GCC 7.3.2.1. GCC Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 7.3.2.2. GCC Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 7.3.3. Nigeria 7.3.3.1. Nigeria Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 7.3.3.2. Nigeria Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 7.3.4.2. Rest of ME&A Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 8. South America Biodegradable Bags Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 8.2. South America Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 8.3. South America Biodegradable Bags Market Size and Forecast, by Country (2023-2030) 8.3.1. Brazil 8.3.1.1. Brazil Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 8.3.1.2. Brazil Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 8.3.2. Argentina 8.3.2.1. Argentina Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 8.3.2.2. Argentina Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Biodegradable Bags Market Size and Forecast, by Type (2023-2030) 8.3.3.2. Rest Of South America Biodegradable Bags Market Size and Forecast, by Application (2023-2030) 9. Global Biodegradable Bags Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Biodegradable Bags Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Biopac India Corporation Ltd 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Smurfit Kappa Group 10.3. Mondi Group 10.4. BASF SE 10.5. WestRock Company 10.6. Georgia-Pacific 10.7. Metabolix, Inc. 10.8. Cereplast Inc. 10.9. Novolex 10.10. Shabra Group 10.11. International Plastics Inc. 10.12. Ampac Holdings LLC 10.13. Bulldog Bag Ltd. 10.14. Sahachit Watana Plastic Industry Co Ltd. 10.15. Abbey Polyethene 10.16. Sarah Bio Plast 10.17. NatureWorks 10.18. Total Corbion PLA 10.19. Mitsubishi Chemical 10.20. Biome Bioplastics 11. Key Findings 12. Industry Recommendations 13. Biodegradable Bags Market: Research Methodology 14. Terms and Glossary
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