According to the most recent report by Renub Research, titled "United States Biodegradable Plastics Market Forecast by Type (Starch-Based, PLA, PHA, PBS, PBAT, Others), End-User, Raw Materials, Company Analysis & Forecast" Biodegradable plastics are proving to be a way better alternative to traditional plastics because of its environmentally friendly properties and awareness among consumers. Biodegradable plastics are often decomposed into the biomass, soil, and CO2 by the natural process of organisms like microbes, thanks to exposure to the sun's ultra-violet radiation, enzymes, and wind abrasion and by the impact of water. This degradation is feasible as biodegradable plastic is created from natural resources like Starch, Soybeans, Corn Oil, Orange Peels, Mirco-Organism, and Orange Peels.
The impact of COVID-19 on United States Biodegradable Plastic Market
Coronavirus has changed the way people buy products; now, more customers are purchasing products in a sealed envelope for healthcare security reasons. More people are buying goods through online stores and avoid going outside the home. Due to this market of the packaging industry has seen changes than previous years, we expect the demand for biodegradable plastic will grow from the year 2021 at a better growth rate.
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The United States Biodegradable Plastics Market is anticipated to be USD 1.5 Billion by the top of the year 2026. This growth is thanks to the benefits of biodegradable plastics, and it uses in food packaging like bakery products, dried snacks, and candy, juice cups. it's also utilized in packing of household goods and packing for grocery items in departmental stores in the us. This market will grow due to the initiatives taken by the us government and other NGOs for shielding the environment from the problem created by single used and traditional plastics. Besides the ban on disposable items like foam food containers, the packaging is additionally increasing its sales. In some places the govt is additionally adding a fee for carryout bags and compulsion of plastic collection to cut back plastic waste is additionally encouraging users to use biodegradable plastics bags.
Based on the end-use industry, the biodegradable plastics market has been segmented into packaging & bags, trade goods, agriculture & horticulture, textile, and others (automotive, medical, and building & construction). Packaging & bags is that the largest and therefore the fastest-growing end-use industry of biodegradable plastics. The new applications of biodegradable plastics within the packaging industry are diaper banking, adult incontinence products, and landfill covers. With several innovative products arising, the utilization of biodegradable plastics in packaging is predicted to extend further.
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