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Global Sustainable Plastic Market

The latest report titled ‘Global Sustainable Plastic Market,’ published by Emergen Research, provides the reader with a comprehensive view of the global Sustainable Plastic industry, acquainting them with the latest market trends, industry insights, and market share. The report provides an in-depth investigation of the global market, largely focusing on each segment and sub-segment of the Sustainable Plastic market. The market forecasts included in the report are performed by our team of experts and are of great significance as they provide deep insights into various crucial industry parameters. These facts and figures help readers evaluate the global market growth, production, and consumption rates, volatility in demand and product prices, and upcoming market trends over the projected period. The market research report contains significant details on the global Sustainable Plastic market value based on market dynamics and various growth factors. It scrutinizes several key aspects of the market, including the latest technological innovations in the industry, ongoing trends, and developmental opportunities. One of the most vital components of the report is the SWOT analysis, coupled with a detailed overview of the market’s competitive landscape.

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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However, the report takes into account the current COVID-19 impact on the global economy and this particular business sector. The global Sustainable Plastic market growth has been extensively hampered by the current economic situation triggered by the COVID-19 pandemic. The pandemic has led to some devastating effects on the global economy, besides disrupting the functioning of the Sustainable Plastic industry. It offers an exhaustive analysis of the present and future effects of the pandemic on this business sphere. Moreover, the adverse effects of the coronavirus pandemic on the global Sustainable Plastic market, as well as its fundamental segments, have also been elucidated in this report.

Market Overview:

The report bifurcates the Sustainable Plastic market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

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
Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

The report also discusses the key players involved in the market such as

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

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Key Reasons to Buy This Report:

The report presents a thorough examination of the Sustainable Plastic market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
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)
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/sustainable-plastic-market

Research Report on the Sustainable Plastic Market Addresses the Following Key Questions:

Who are the dominant players of the Sustainable Plastic Market Demand?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Sustainable Plastic Market Forecast?
What are the key growth drivers and restraining factors of the Sustainable Plastic Market Growth?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Sustainable Plastic market and its key segments?
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
Global Sustainable Plastic market forecast (2020-2027)
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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