MARINE-DEGRADABLE PLASTICS MARKET

KEY FINDINGS

1.  The rapid acceleration in the growth rate of the marine degradable plastic product market, driven by increasing consumer awareness of the environmental impact of plastic waste and the need for sustainable packaging solutions.
2. The market is also influenced by factors such as technological advancements, government regulations, and the availability of raw materials.
3.  There is a growing demand for sustainable packaging solutions with the increasing focus on sustainability and  reducing plastic waste.
4. There have been advancements in marine degradable plastic technology, resulting in the development of new and  improved products that are more durable and have better performance characteristics.
5. Governments around the world are implementing regulations and policies to reduce the use of single-use plastics  and promote the adoption of sustainable packaging solutions.
6. Major players operating in the global marine biodegradable plastic market include BASF SE, Biome Technologies  Plc, Mitsubishi Chemical Corporation, Dow Inc., Eastman Chemical Company, Total Corbion PLA, and Novamont  S.p.A.
7. Several existing vendors, as well as startups operating in the packaging industry, are also taking the initiative to promote biodegradable packaging in the country.

INTRODUCTION TOMARINE-DEGRADABLE PLASTICS MARKET

The term 'Marine Degradable' often refers to a material's ability to biodegrade completely in a given timeframe within ocean environmental conditions such as an aerobic ocean environment or anaerobic marine sediments, leaving no hazardous chemicals or residue (no ecotoxicity).

Biodegradability refers to a polymeric substance's ability to be broken down by microorganisms in the surrounding environment.

Because the amount, diversity, and activity of microorganisms, as well as environmental factors, vary in nature, so will the specific microbial degradation at a given location and time.Plastics are used in a variety of sectors, including consumer products, packaging, textiles, agriculture and horticulture.

Rising consumer awareness of eco-friendly plastic alternatives, as well as increased attempts to limit the usage of traditional plastics, are likely to boost Marine- degradable plastics market growth.

MARINE-DEGRADABLE PLASTICS MARKET SIZE AND FORECAST

The Global Marine-Degradable Plastics Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

MARINE-DEGRADABLE PLASTICS MARKETNEW PRODUCT LAUNCH

A Sea Change for Plastic Pollution: New Material Biodegrades in Ocean Water Marine microorganisms found to feast on new polyurethane materials used in sustainable shoes. Seeking solutions to counteract the rise in plastic trash, scientists at the University of California San Diego have developed new biodegradable materials that are designed to replace conventionally used plastic.

Mulch films are widely used in agriculture to improve  soil health and control weed growth. However,  traditional mulch films can be harmful to the  environment if not disposed of properly. To address  this issue, companies are developing new marine  degradable mulch films that can break down naturally  and do not harm the environment.

Toppan Printing Co. and GSI Creos Corp., a leading  maker of synthetic fibres, have collaborated to create  such biodegradable materials. Among these items are  shopping bags, garbage bags, and silverware. The business has created a shopping bag that degrades  the water. The product employs a biodegradable resin  obtained from a variety of sources, including maize.

New process makes ‘biodegradable’ plastics truly compostable. Degradable plastics have been advertised as one solution to the plastic pollution problem bedeviling the world, but today’s “compostable” plastic bags, utensils and cup lids don’t break down during typical composting and contaminate other recyclable plastics, creating headaches for recyclers.

Most compostable plastics, made primarily of the polyester known as polylactic acid,•Japan working on development of marine biodegradable plastics. Japan is considered a country that releases the world’s lowest volume of plastic waste into the oceans, thanks to efforts promoting the 3Rs of waste reduction — reduce, reuse and recycle — and ensuring appropriate processing of such waste or PLA, end up in landfills and last as long as forever plastics.

MARINE-DEGRADABLE PLASTICSMARKET SEGMENTATION

Marine-Degradable Plastics Market By Material

• Polyhydroxyalkanoates  (PHAs)
• Polylactic acid (PLA)
• Thermoplastic Starch (TPS)
• Polybutylene adipate  terephthalate (PBAT)

Marine-Degradable Plastics Market By Application

• Packaging (food,  beverages, consumer  goods, etc.)
• Agriculture
• Medical
• Textiles
• Others (such as fishing gear, toys, etc.)

Marine-Degradable Plastics Market By Geography

• North  America
• Europe
• China
• Asia Ex China
• ROW

MARINE-DEGRADABLE PLASTICS MARKETCOMPANY PROFILES

• BASF
• NatureWorks 
• Total Corbion 
• Novamont 
• Biome Bioplastics 
• Mitsubishi Chemical Holding Corporation 
• Toray Industries 
• Plantic Technologies 
• Danimer Scientific 
• Fkur Kunststoff

MARINE-DEGRADABLE PLASTICS MARKETREPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many  Marine-Degradable Plastics  are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a GlobalMarine-Degradable Plastics  and key vendor selection criteria
3. Where is the  Marine-Degradable Plastics   manufactured? What is the average margin per unit?
4. Market share ofGlobal Marine-Degradable Plastics  market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufactureGlobal  Marine-Degradable Plastics  in-house
6. 5 key predictions for next 5 years inGlobal  Marine-Degradable Plastics market
7. Average B-2-B  Marine-Degradable Plastics  price in all segments
8. Latest trends in  Marine-Degradable Plastics   market, by every market segment
9. The market size (both volume and value) of the  Marine-Degradable Plastics market in 2024-2030 and every year in between?
10. Production breakup of  Marine-Degradable Plastics market, by suppliers and their OEM relationship