(PharmaNewsWire.Com, October 12, 2020 ) According to the latest report by Renub Research, titled "United States Biodegradable Plastics Market Forecast by Type (Starch Based, PLA, PHA, PBS, PBAT, Others), End-User, Raw Materials, Company Analysis & Forecast" Biodegradable plastics are proving to be a much better alternative to traditional plastics due to its environmentally friendly properties and awareness among consumers. Biodegradable plastics can be decomposed into the biomass, soil and carbon dioxide by the natural action of organisms such as microbes, due to exposure of sun's ultra-violet radiation, enzymes, and wind abrasion and by the impact of water. This degradation is possible as biodegradable plastic is made from natural resources such as Starch, Soybeans, Corn Oil, Orange Peels, Mirco-Organism and Orange Peels.
According to Renub Research report, United States Biodegradable Plastics Market is expected to be USD 1.5 Billion by the end of the year 2026. This growth is due to benefits of biodegradable plastics, and it uses in food packaging such as bakery products, dried snacks and candy, juice cups. It is also used in packing of household goods and packing material for grocery items in departmental stores in the United States. This market will also grow due to the initiatives taken by the United States government and other NGOs for protecting the environment from the problem created by single used and traditional plastics. Besides the ban on disposable items such as foam food containers, the packaging is also increasing its sales. In some places the government is also adding a fee for carryout bags and compulsion of plastic collection to reduce plastic waste is also encouraging users to use biodegradable plastics bags.
The impact of COVID-19 on United States Biodegradable Plastic Market
Coronavirus has changed the way people buy products; now, more customers are purchasing products in a sealed envelope for healthcare security reasons. More people are buying goods through online stores and avoid going outside the home. Due to this market of the packaging industry has seen changes than previous years, we expect the demand for biodegradable plastic will grow from the year 2021 at a better growth rate.
By Type: This research report has covered the market and market share of Starch Based, PLA, PHA, PBS, PBAT, and others.
By End-User: The market and market summary of Food Packaging, Dishes, Cutlery, Bags, Compost Bags, Foam Packaging, Agriculture, Horticulture, Paper Coatings and others are provided in this research report.
By Raw Materials: This research report has covered the market of following raw material: Starch Based, PLA (Polylactic Acid), PHA (Polyhydroxyalcanoates) PBS (Polybutylene succinate) and PBAT (Polybutylene adipate terephthalate).
By Companies: The Overview, Recent Developments and Sales Analysis of Green Dot Bioplastics, DuPont, Dow Chemicals, Eastman Chemical Company and Westrock are covered in this research report.
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Plastics & Other Polymers, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.
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