PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449574
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449574
Plastic Eating Bacteria Market, By Resin Type, By Application, By Geography
The plastic eating bacteria market is projected to exhibit substantial growth, increasing from US$ 263.3 Thousands in 2024 to an estimated US$ 575 Thousands by 2031. This growth is anticipated to be driven by a notable CAGR of 11.8% during the period of 2024-2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2023/2024: | US$ 263.3 Thousands |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 - 2031 |
| Forecast Period 2023/2024 to 2030/2031 CAGR: | 11.80% | 2030/2031 Value Projection: | US$ 575 Thousands |
The demand for plastic eating bacteria has been on rise since the past few years owing to increasing plastic pollution across the globe. Plastic eating or degrading bacteria refers to microorganisms that are capable of breaking down plastic polymers into their building blocks. These bacteria secrete enzymes that can digest plastic materials like polyethylene terephthalate (PET) and polyurethane. Growing research in the field of synthetic biology to exploit the plastic eating ability of these microbes can help develop promising solutions for plastic waste management and recycling. Several studies are underway to understand the genetic mechanisms involved and ways to optimize the plastic degradation process.
Market Dynamics:
The global plastic eating bacteria market is driven by the rising environmental concerns over plastic pollution. Rapid urbanization and changing lifestyles have significantly increased the global plastic consumption which has added to the plastic waste. There is a pressing need for sustainable waste management solutions and plastic eating bacteria can potentially help reuse plastic waste. However, high research and development costs associated with genetically modifying these bacteria to improve their plastic degradation efficacy act as a key restraint. Meanwhile, the focus on bio-based plastics offers opportunities for players in this market. Collaborations between industry and academia for large-scale commercialization can also help unlock further growth prospects. Government support in the form of funding and policies are also encouraging innovations in this space. Meanwhile, the business case for commercializing plastic eating bacteria continues to strengthen with global brands and consumer brands eager to reduce the plastic footprint and improve sustainability credentials.
Key Features of the Study:
- This report provides an in-depth analysis of the global plastic eating bacteria market, and provides market size (US$ Thousand) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global plastic eating bacteria market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include - Caribos, pyrowave, Erema, and Sidel Group
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global plastic eating bacteria market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global plastic eating bacteria market
Detailed Segmentation:
- Plastic Eating Bacteria Market, By Resin Type:
- Polyethylene Terephthalate (pet)
- Polyurethane (pur)
- Plastic Eating bacteria Market, By Application:
- Landfills
- Ocean
- Lakes
- Ponds
- Others (Land)
- Plastic Eating Bacteria market, By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Top Companies in the Plastic Eating Bacteria Market:
- Caribos
- Pyrowave
- EREMA
- Sidel Group
Table of Content:
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Resin Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Alternative to existing recycling technologies
- Increasing plastic pollution
- Development of advanced plastic degrading enzymes
- Restraints
- High development and commercialization costs pose a challenge for the plastic eating bacteria market
- Public perception issues around releasing genetically modified bacteria into the environment
- Opportunities
- Partnerships with plastic manufacturers
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Plastic Eating Bacteria Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Plastic Eating Bacteria Market, By Resin Type: 2019 - 2031 (US$ Th.)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Polyethylene Terephthalate (pet)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Th.)
- Soy Based Protein Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Th.)
- Polyurethane (pur),
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Th.)
6. Plastic Eating Bacteria Market, By Application: 2019 - 2031 (US$ Th.)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Landfills
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Th.)
- Oceans
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Th.)
- Lakes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Th.)
- Ponds
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Th.)
- Others (Lands)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Th.)
7. Plastic Eating Bacteria Market, By Region, 2019 - 2031 (US$ Th.)
- Introduction
- Market Share Analysis, By Country/ Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Country/ Region, 2019 - 2031
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Resin Type, 2024-2031, (US$ Th.)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031, (US$ Th.)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2024-2031, (US$ Th.)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2024-2031, (US$ Th.)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031, (US$ Th.)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2024-2031, (US$ Th.)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2024-2031, (US$ Th.)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031, (US$ Th.)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2024-2031, (US$ Th.)
- China
- India
- Japan
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2024-2031, (US$ Th.)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031, (US$ Th.)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2024-2031, (US$ Th.)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2024-2031, (US$ Th.)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031, (US$ Th.)
- Market Size and Forecast, and Y-o-Y Growth, By Country/ Region, 2024-2031, (US$ Th.)
- GCC Countries
- Israel
- South Africa
- North Africa
- Central Africa
- Rest of Middle East
8. Company Profiles - Plastic Eating Bacteria Market
- Caribos
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Pyrowave
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- EREMA
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Sidel Group
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
9. References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact
