Biodegradable plastic bags are created using materials that will allow the bags to completely decompose after a period of time. Most biodegradable plastic bags are said to decompose in three years, although many completely disintegrate in less time. The bags leave no discernible trace and are completely harmless to the environment. Biodegradable plastic bags require two key elements in order to decompose. The bags need to be exposed to oxygen and light. Therefore, biodegradable plastic bags do not start to decompose from the date of manufacture, only after they have been exposed to light and air.
This report contains market size and forecasts of Biodegradable Plastic Bags in global, including the following market information:
Global Biodegradable Plastic Bags Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Biodegradable Plastic Bags Market Sales, 2017-2022, 2023-2028, (Million Units)
Global top five Biodegradable Plastic Bags companies in 2021 (%)
The global Biodegradable Plastic Bags market was valued at 762.5 million in 2021 and is projected to reach US$ 1011.2 million by 2028, at a CAGR of 4.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Polylactic Acid (PLA) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Biodegradable Plastic Bags include BioBag, Novolex, EnviGreen, Plastiroll, Sahachit, Xtex Polythene, RKW Group, Abbey Polythene and Sarah Bio Plast, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Biodegradable Plastic Bags manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Biodegradable Plastic Bags Market, by Raw Materials, 2017-2022, 2023-2028 ($ Millions) & (Million Units)
Global Biodegradable Plastic Bags Market Segment Percentages, by Raw Materials, 2021 (%)
Polylactic Acid (PLA)
Polyhydroxyalkanoate (PHA)
Starch Blends
Others
Global Biodegradable Plastic Bags Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Million Units)
Global Biodegradable Plastic Bags Market Segment Percentages, by Application, 2021 (%)
Food Packaging
Convenient for Shopping
Garbage Containing
Industrial Packaging
Others
Global Biodegradable Plastic Bags Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Million Units)
Global Biodegradable Plastic Bags Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Biodegradable Plastic Bags revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Biodegradable Plastic Bags revenues share in global market, 2021 (%)
Key companies Biodegradable Plastic Bags sales in global market, 2017-2022 (Estimated), (Million Units)
Key companies Biodegradable Plastic Bags sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BioBag
Novolex
EnviGreen
Plastiroll
Sahachit
Xtex Polythene
RKW Group
Abbey Polythene
Sarah Bio Plast
Bulldog Bag
Symphony Polymers
Jiangsu Torise biomaterials
JUNER Plastic packaging
Sahachit Watana Plastic Industry