Compostable plastic market was valued at $991.2 million in 2019 and is expected to reach $3,102.6 million by 2027, growing at a CAGR of 15.4% from 2020 to 2027.
PORTLAND, OREGON, UNITED STATES, September 21, 2023/EINPresswire.com/ — The study presents an impending revenue forecast of the industry for the next few years coupled with imminent market trends and opportunities. Moreover, the study also doles out different logical tables and graphs to identify the complexities of the market
The global compostable plastic market was valued at $991.2 million in 2019 and is expected to reach $3,102.6 million by 2027, growing at a CAGR of 15.4% from 2020 to 2027.
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A complete and wide-ranging evaluation of the aspects that drive and restrain market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
The report helps clients in comprehending their first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contains in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
The Compostable Plastic market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
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Compostable Plastic Market Key Players
BASF SE, EASTMAN CHEMICAL COMPANY, CORBION N.V., KURARAY CO., LTD., BIOME TECHNOLOGIES PLC., PTT GLOBAL CHEMICAL COMPANY LIMITED, DANIMER SCIENTIFIC, NOVAMONT S.P.A, DOW INC., MITSUBISHI CHEMICAL HOLDINGS
The Compostable Plastic market report is analyzed across Type, Application.
✤Home Compostable Plastic
✤Compostable cup (cold cup)
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Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Compostable Plastic market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Compostable Plastic market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis are also covered under the report. Last but not least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐓𝐡𝐞𝐫𝐦𝐨𝐩𝐥𝐚𝐬𝐭𝐢𝐜 𝐑𝐞𝐬𝐢𝐧 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭
𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐨𝐮𝐬 𝐅𝐢𝐛𝐞𝐫 𝐓𝐡𝐞𝐫𝐦𝐨𝐩𝐥𝐚𝐬𝐭𝐢𝐜 𝐌𝐚𝐫𝐤𝐞𝐭
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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry