Sustainable Plastic Market Size, Status and Business Growth 2023 to 2032

Global Sustainable Plastic Market – Overview:

The latest Emergen Research report, titled ‘Global Sustainable Plastic Market Market’, is intended to provide the target audience with the necessary information about the global Sustainable Plastic Market industry. The report comprises a detailed analysis of the vital elements of the Sustainable Plastic Market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Sustainable Plastic Market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. Therefore, the report, published by Emergen Research, is a detail-oriented compilation of the crucial aspects of the Sustainable Plastic Market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.

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Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report. The coronavirus outbreak has led to drastic changes in the current Sustainable Plastic Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Sustainable Plastic Market growth assessed on both regional and global levels.

Market Scope:

One of the report’s central components is the broad Sustainable Plastic Market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Sustainable Plastic Market players.

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Global Sustainable Plastic Market Report – Table of Contents:

  • Chapter 1 includes the global Sustainable Plastic Market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
  • Chapter 2 broadly categorizes the Sustainable Plastic Market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
  • Chapter 3 elaborates on the competitive outlook of the Sustainable Plastic Market, focusing on the major manufacturers and vendor landscape.
  • Chapter 4 exhaustively studies the key manufacturers of the Sustainable Plastic Market industry, along with their anticipated sales and revenue shares.
  • Chapters 5 includes market segmentation based on product type, application range, and market players.

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Key geographical areas:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Leading Players Profiled in the Report:

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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Product Type Segmentation & Application Segmentation:

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

  • 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

Key questions addressed in the report:

  • What are the key factors driving the global Sustainable Plastic Market?
  • Who are the key manufacturers in this market space?
  • Who are the distributors, traders and dealers of this market?
  • What are the market opportunities and risks affecting the performance of the vendors in the global Sustainable Plastic Market?
  • What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?

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