Us Biodegradable Eco-friendly Plastic Bags Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Biodegradable Eco-friendly Plastic Bags Market was valued at USD 4.1 Billion in 2022 and is projected to reach USD 9.4 Billion by 2030, growing at a CAGR of 11.2% from 2024 to 2030.
The US biodegradable eco-friendly plastic bags market is experiencing significant growth as consumers and businesses increasingly prioritize sustainable alternatives to traditional plastic. Biodegradable bags, which are made from natural materials like cornstarch, sugarcane, or algae, offer an environmentally friendly solution to the mounting plastic waste crisis. These bags decompose faster than their conventional counterparts, significantly reducing their impact on landfills and ecosystems. Market reports indicate that the demand for biodegradable plastic bags in the US is expected to increase by nearly 15% annually over the next five years. As consumers become more environmentally conscious, retailers and suppliers are adapting their offerings to include these green alternatives.
In recent years, regulatory pressures have played a pivotal role in driving the shift toward biodegradable plastic bags. Cities and states across the US have implemented bans or restrictions on single-use plastic bags, pushing businesses to seek out eco-friendly options. This has opened up a wealth of opportunities for manufacturers in the biodegradable plastic bag market. The rise of eco-consciousness among consumers, combined with increasing governmental support for green technologies, has led to rapid growth in this sector. As demand rises, companies are exploring innovations such as 100% biodegradable plastic bags made from sustainable sources and those that break down in marine environments. These innovations aim to further reduce the environmental footprint of plastic bag usage. Furthermore, as with other sustainable markets like the 100 Gigabit Fiber Optic Transceiver Market, businesses in the eco-friendly plastic bag industry are striving to enhance efficiency and scalability to meet the increasing demand.
However, the market faces challenges such as higher production costs compared to traditional plastic bags. These costs are mainly due to the sourcing of raw materials and advanced manufacturing processes required to make biodegradable plastics. Despite these challenges, the long-term environmental benefits outweigh the initial investment, as businesses and consumers alike look for alternatives that contribute to a greener, more sustainable future.
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BioBag
Walki Plastiroll Oy
RKW Group
Jiangsu Torise biomaterials
JUNER Plastic packaging
Chnpack
Symphony Polymers
EnviGreen
XCBIO
Polybags
BioPak
Scanlux Packaging
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Biodegradable Eco-friendly Plastic Bags Market
Starch-based Plastics
Cellulose-based Plastics
PLA (Polylactic Acid) Plastics
PHA (Polyhydroxyalkanoates)
Shopping Bags
Garbage Bags
Compostable Bags
Produce Bags
Mailing Bags
Retail
Food and Beverage
Healthcare
Consumer Goods
Manufacturing
Lightweight Bags (up to 40 microns)
Medium-weight Bags (40 - 70 microns)
Heavy-duty Bags (above 70 microns)
Online Retail
Offline Retail (Supermarkets and Hypermarkets)
Wholesale Distribution
Direct Sales
Specialty Stores
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Biodegradable Eco-friendly Plastic Bags Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Biodegradable Eco-friendly Plastic Bags Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Biodegradable Eco-friendly Plastic Bags Market, By Type
6. Global Biodegradable Eco-friendly Plastic Bags Market, By Application
7. Global Biodegradable Eco-friendly Plastic Bags Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Biodegradable Eco-friendly Plastic Bags Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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