A Global Sustainable Plastic Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Sustainable Plastic industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Sustainable Plastic market, this study covers qualitative and quantitative aspects of the Sustainable Plastic market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
The global sustainable plastic market size was USD 319.50 Billion in 2022 and is expected to register a revenue CAGR of 13.4% during the forecast period, according to the latest analysis by Emergen Research. Strict governmental laws and regulations aimed at curbing plastic contamination are major factors driving the sustainable plastic market revenue growth. China, in particular, has witnessed a growing concern over plastic pollution, prompting actions to address the issue. As evidence of this commitment, on March 23, 2023, the World Bank’s Board of Executive Directors approved a substantial USD 250 million IBRD loan dedicated to mitigating plastic pollution stemming from municipal solid waste and agricultural plastic film in the rural areas of China’s Shaanxi Province. At the UN Environment Assembly (UNEA-5) in Nairobi, UN Member States expressed their backing for a significant resolution that seeks to put an end to plastic pollution and establish an international legally binding agreement by 2024. In the U.S., there are no federal tax advantages specifically provided for utilization of sustainable plastics. However, certain states and cities have implemented tax incentives to promote adoption of sustainable plastics. For instance, in California, businesses can receive a tax credit equivalent to 10% of the cost of recycled plastic used in their products. Similarly, New York City offers a tax exemption to businesses employing compostable foodservice packaging, with the exemption equal to the sales tax that would typically apply to the sale of such compostable packaging.
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Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Sustainable Plastic industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Sustainable Plastic industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Sustainable Plastic industry.
Radical Highlights of the Sustainable Plastic Market Report:
- Comprehensive overview of the Sustainable Plastic market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Sustainable Plastic market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Sustainable Plastic market expected to boost the growth of the industry in the coming years.
Sustainable Plastic Market Segmentation:
-
Type Outlook (Revenue, USD Billion; 2019-2032)
- Biodegradable Plastic
- Recycled Plastic
- Bio-based Plastic
-
Function Outlook (Revenue, USD Billion; 2019-2032)
- Active
- Alternate Fiber
- Molded Pulp
- Others
-
Layer Outlook (Revenue, USD Billion; 2019-2032)
- Primary
- Secondary
- Tertiary
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Sustainable Plastic market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Novamont S.p.A., Amcor plc, Crown, Bemis Manufacturing Company, BASF SE, WestRock Company, Berry Global Inc., Sonoco Products Company, Mondi, and Smurfit Kappa among others
Regional Landscape section of the Sustainable Plastic report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Additional information offered by the report:
- Along with a complete overview of the global Sustainable Plastic market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Sustainable Plastic market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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Highlights of Table of Contents (TOC):
- Overview of Global Sustainable Plastic Market
- Competitive analysis of the Sustainable Plastic market
- Regional analysis of Global Sustainable Plastic market production and revenue
- Regional analysis of Global Sustainable Plastic market supply, consumption, and export & import
- Type-based market analysis of global Sustainable Plastic production, revenue, and price trends
- Application-based analysis of the global Sustainable Plastic market
- Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Sustainable Plastic market
- Conclusion of the research report
- Appendix
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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