APAC is expected to account for the largest share of the global plastic antioxidants market. Asia-Pacific: The largest market for top 10 plastics. The global top 10 plastics market is projected to reach USD 586.24 Billion by 2021, at a CAGR of 6.84%.
By volume, the market is projected to reach 332.4 Million tons by 2021, at a CAGR of 4.68%. Bioplastics & biopolymers Market and Its Key Opportunities and Challenges. Browse 65 market data Tables and 50 Figures spread through 152 Pages and in-depth TOC on “Bioplastics & Biopolymers Market” Bioplastics & Biopolymers Market by Type (Non-Biodegradable/Bio-Based, Biodegradable), End-Use Industry (Packaging, Consumer Goods, Automotive & Transportation, Textiles, Agriculture & Horticulture), Region The global bioplastics & biopolymers market is expected to witness high growth during the forecast period owing to the increasing usage of bioplastics in packaging end-use industry pollution around the globe.
Bioplastics & biopolymers are very important among various end-use industries such as packaging, consumer goods, automotive & transportation, textiles, agriculture, and others. MarketsandMarkets projects the global bioplastics & biopolymers market size to grow from USD 10.5 billion in 2020 and USD 27.9 billion by 2025, at a CAGR of 21.7% during the forecast period.
Downoad PDF Brochure to know More: Request for Sample Report: About MarketsandMarkets™ Study Predicts Growth in Market for Plastic Antioxidants. Plastic Antioxidants Market Industry Leaders & New Revenue Pockets The global plastic antioxidants market size is projected to reach USD 2.8 billion by 2024 from USD 2.2 billion in 2019, at a CAGR of 5.0% between 2019 and 2024.
The growing demand for plastics in countries such as China, Japan, South Korea, and India from the packaging, building & construction, medical, and automotive industries is expected to fuel the growth of plastic antioxidants in the region. The market is evolving, with major players playing a crucial role in the development of new and advanced products. BASF (Germany), SONGWON (South Korea), and ADEKA (Japan) are the major players in the plastic antioxidants market. Download PDF Brochure: Significant growth for biodegradable mulch films is observed in the Asia-Pacific region.
The Asia-Pacific region is projected to grow at the highest rate in the biodegradable mulch films market.
China is on the top of the list in terms of sales of biodegradable mulch films. Increasing population, especially in the Asia-Pacific region, has resulted in increasing demand for food, which will lead to increased usage of biodegradable mulch films in crop production. The rising population and shrinking agricultural land due to industrialization and urbanization have compelled farmers to produce more in the same land holding.
Hence, farmers are using biodegradable mulch films in large numbers owing to its lower impact on environment, while enhancing crop yield by reducing competitive weed pressure, maintaining soil moisture levels, and modulating soil temperature. Increasing packaging industry leads to a growing demand for Bioplastics & Biopolymers Market. About MarketsandMarkets About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
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North America is expected to account for the largest market share in the thermoforming plastic market. Europe is estimated to account for the largest share of the market in 2019.
North America led the thermoforming plastic market in 2018 due to the high demand of thermoformed structural parts and thermoformed packaging from automotive, food & agriculture packaging, consumer goods & appliances and healthcare industries in this region. The demand for thermoforming plastic will be driven by factors such as increasing electronic goods sales, high disposable income, increasing demand for packaged foods, and demographic changes. North America is home to some of the prominent thermoforming plastic manufacturers such as Pactiv LLC, Sonoco Products Company, D&W Fine Pack LLC, and so on. Plastic Antioxidants Market Projected to Reach $2.8 billion by 2024. Dec 16, 2019 10:00 AM ET iCrowd Newswire - Dec 16, 2019 According to the new market research report “Plastic Antioxidants Market by Antioxidants Type (Phenolic, Phosphite & Phosphonite, Antioxidant Blends), Polymer Resin (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Acrylonitrile Butadiene Styrene), and Region – Global Forecast to 2024″, The global plastic antioxidants market size is projected to reach USD 2.8 billion by 2024, at a CAGR of 5.0% from USD 2.2 billion in 2019.
Don’t miss out on business opportunities in Plastic Antioxidants Market Speak to our analyst and gain crucial industry insights that will help your business grow: The global plastic antioxidants market size is projected to reach USD 2.8 billion by 2024 from USD 2.2 billion in 2019, at a CAGR of 5.0% between 2019 and 2024. Antioxidants do not eliminate oxidative degradation completely, but they substantially prevent auto-oxidation by interfering with the radical propagation reaction. Contact: Mr. Contact: Packaging Industry Material news: Significant growth for biodegradable mulch films is observed in the Asia-Pacific region. The Asia-Pacific region is projected to grow at the highest rate in the biodegradable mulch films market.
China is on the top of the list in terms of sales of biodegradable mulch films. Increasing population, especially in the Asia-Pacific region, has resulted in increasing demand for food, which will lead to increased usage of biodegradable mulch films in crop production. The rising population and shrinking agricultural land due to industrialization and urbanization have compelled farmers to produce more in the same land holding.
Hence, farmers are using biodegradable mulch films in large numbers owing to its lower impact on environment, while enhancing crop yield by reducing competitive weed pressure, maintaining soil moisture levels, and modulating soil temperature. The high cost of installation of biodegradable mulch films is one of the key factors that restrict their implementation, primarily in developing nations. Read More: Chemical Research Report: Increasing packaging industry leads to a growing demand for Bioplastics & Biopolymers Market. Bioplastics & Biopolymers market size is expected to grow from USD 10.5 billion in 2020 and USD 27.9 billion by 2025, at a CAGR of 21.7%.
The major factors driving the bioplastics & biopolymers industry include the focus of governments on green procurement policies and regulations and increasing use of bioplastics in the packaging end-use industry. Download PDF Brochure to know More: