Global Biodegradable Plastics Market

Plastic Material and Resins Market Definition

The plastic material and resins manufacturing market consists of the sales of plastic material and resins by entities (organizations, sole traders or partnerships) that produce resins, plastic materials, and non-vulcanizable thermoplastic elastomers and mix and blend resins on a custom basis and/or produce non customized synthetic resins. Plastic materials refer to a large class of polymers, which consist of a range of synthetic or semi-synthetic compounds that are malleable and can be molded into solid objects of diverse shapes. The basic structure of plastics is given by macromolecule chains formulated from monomer units by chemical reactions. Typical reactions for chain assembling are poly addition (continuous or step wise) and condensation polymerization (poly condensation). The monomer units are organic carbon-based molecules. Beside carbon and hydrogen atoms as main components, the monomer unit may contain elements such as oxygen, nitrogen, sulfur, fluorine or chlorine. The type of elements, their proportion and placing in the monomer molecule give the basis for generating different types of plastics. Plastic materials such as thermoplastics have a high coefficient of expansion and heat resistance and can be melted and recast almost indefinitely. Plastic materials exhibit high insulation properties. The specific gravity (the index of refraction and moisture absorption) of plastics is small, and it varies depending on the character of high polymer, or thermal and mechanical treatment of the plastic. Examples of plastic materials include polyethylene terephthalate, high-density polyethylene, polystyrene and polyvinyl chloride. Plastic materials are widely used in the automotive, building and construction, electronics, healthcare, and packaging industries, due to their relatively low costs, ease of manufacture, versatility, and rigidity properties.

The paper, plastics, rubber, wood and textile market consists of sales of paper, plastics, rubber, wood and textile products by entities (organizations, sole traders and partnerships) that produce paper, rubber, plastic, wood and textile products. The main types of paper, plastics, rubber, wood and textile are apparel and leather products, furniture, general manufactured goods, paper products, plastics and rubber products, printing and related support activities, textile and wood products. Leather and allied product manufacturers turn hides into leather by tanning or curing them and then constructing them into finished products, as well as producing similar goods from other materials, such as leather alternatives like rubber, polymers, or textiles (excluding clothes). The different natures include organic, conventional and is distributed through various channels such as supermarkets or hypermarkets, convenience stores, e-commerce, others. The global paper, plastics, rubber, wood and textile market size is expected to grow from $6,001.19 billion in 2021 to $6,532.21 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The paper, plastics, rubber, wood and textile market is then expected to grow to $8,798.09 billion in 2026 at a CAGR of 7.7%. Technology is expected to be a continued driver of market growth during this period. Industries that involve technology, such as this one, benefited from this trend during this period. For example, technologies such as "Green Tires", where 20-30% of a vehicle's fuel consumption is related to tire performance, took off during this period. Green Tires offer wet grip, durability and low rolling resistance, reducing fuel consumption by 5-7%. Thus, technological advances which enabled improved performance, reduced fuel consumption contributed to the market growth. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the paper, plastics, rubber, wood and textile manufacturing market in 2021 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of lockdown and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the paper, plastics, rubber, wood and textile manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Manufacturers in the plastic products industry are investing in automation technologies to reduce production costs, improve productivity and enhance product quality. The use of sensors and wireless technology aids in gathering valuable data that is used to improve efficiencies and reduce errors. This is resulting in streamlined manufacturing processes, better product quality at lower costs. According to ABB, an industrial robot manufacturer, some of their customers reported an increase of 15-30% in productivity after installing robotic automation systems. Around 180,000 machines were employed in the plastic manufacturing industry in 2021, an increase of 67,000 machines over the course of 4 years. Major companies providing industrial robotics include FANUC Corporation, Yaskawa Electric Corporation, ABB Group, KUKA AG, and Kawasaki Heavy Industries, Ltd. Major companies in the paper, plastics, rubber, wood and textile market include Nike Inc., Christian Dior SE, The Michelin Group, Adidas AG, Bridgestone Corporation, International Paper Company, Kimberly Clark Corporation, Rajesh Exports, Procter & Gamble and WestRock Company. Asia Pacific was the largest region in the paper, plastics, rubber, wood and textile market in 2021. Western Europe was the second largest region in the paper, plastics, rubber, wood and textile market. The regions covered in the paper, plastics, rubber, wood and textile market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the paper, plastics, rubber, wood and textile market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global paper, plastics, rubber, wood and textile market is segmented - 1) By Type: Apparel and Leather Products, Furniture, General Manufactured Goods, Paper Products, Plastics and Rubber Products, Printing and Related Support Activities, Textile, Wood Products 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others 3) By Nature: Organic, Conventional Subsegments Covered: Leather and Allied Products, Apparel, Institutional and Office Furniture, Household Furniture and Kitchen Cabinet, Mattresses, Blinds and Shades, Jewelry and Silverware, Sporting and Athletic Goods, Doll, Toy, and Game, Office Supplies (except Paper), Sign, All Other Miscellaneous Manufactured Goods, Converted Paper Products, Unfinished Paper, Pulp Mills, Rubber Products, Plastic Products, Printing, Support Activities for Printing, Other Textile Product Mills, Fabrics, Yarn, Fiber and Thread, Home Furnishings and Floor Coverings, Textile and Fabric Finishing and Fabric Coating Mills, Finished Wood Products, Wood Processing, Manufactured Wood Materials

The aseptic packaging market consists of sales of aseptic packaging by entities (organizations, sole traders, or partnerships) that involves separately sterilizing both, the package and the product before filling, to produce shelf-stable products that do not need refrigeration. This decreases the probability of contamination and makes the product contents safer. The products are placed into the container or packaging cover in a sterile environment. This method uses extremely high temperatures to maintain the freshness of the contents while ensuring it is not contaminated with microorganisms. The main types of aseptic packaging are cartons, bags and pouches, bottles and cans, ampoules, and others. Aseptic bags and pouches are made by using polyethylene particles and offer low-temperature resistant performance, good chemical stability and electrical insulation properties. The materials used in aseptic packaging are plastic, paper, and paperboard, metal, glass, and wood. This aseptic packaging is used by food, beverage, pharmaceutical, and other industries. The global aseptic packaging market size is expected to grow from $58.05 billion in 2021 to $63.57 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The aseptic package market is expected to grow to $93.1 billion in 2026 at a CAGR of 10%. The increase in demand for convenience food products with a longer shelf life and safe hygiene packaging is expected to drive the growth of the aseptic packaging market in the forecast period. For instance, the global processed snacks market is expected to increase from $96.9 billion in 2021 to $142.0 billion by 2025. Therefore, the growing demand for convenience and processed food drives the growth of the aseptic packaging market Companies in the aseptic packaging market are focusing on the development of single-use passive for ensuring maximum safety and reducing wastage. Single-use passive refers to transferring the contained and sterile contents between manufacturing process steps and facilities. It also creates an agile manufacturing environment and lowers the toxicity when mixing to make a final product, thus saving time and cost associated with cleaning, maintenance and validation. For instance, in April 2019, Charge point technologies that provide contained and sterile transfer solutions launched of the single-use passive and ChargeBag PE-S with new HiPure ULP7 PE film. The charge bag and single-use passive together form a high-performance, one-time-use package for the sterile and closed transfer of pharmaceutical powders between various manufacturing facilities. In June 2019, Amcor, a Switzerland-based packaging company that offers packaging products for food, beverages, and healthcare announced the acquisition of Bemis Company, Inc. for a deal amount of $6.8 billion. Through the acquisition of Bemis Company, Inc. Amcor expands its business operations that help in strengthening the value proposition of Amcor and generate significant value for shareholders. Bemis Company, Inc. is an USA-based company that manufactures flexible packaging products and pressure-sensitive materials that includes aseptic packaging. Major players in the aseptic packaging market are Reynolds Group Holdings Limited, Amcor Limited, Tetra Laval International S.A, Greatview Aseptic Packaging Co. Ltd., Tetra Pak International SA, Sig Combibloc AG, SIG Combiboc Obeikan, ELOPAK Group, Sealed Air Corporation, DS Smith Plc and UFlex Limited. Asia-Pacific is the largest region in the aseptic packaging market in 2021. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the aseptic packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aseptic packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global aseptic packaging market is segmented - 1) By Type: Cartons, Bags and Pouches, Bottles and Cans, Ampoules, Others 2) By Material: Plastic, Paper and Paperboard, Metal, Glass, Wood 3) By Application: Food, Beverage, Pharmaceutical, Others

The plastic products market consists of sales of plastic products by entities (organizations, sole traders and partnerships) that produce packaging materials, film and sheet, foam products, plastic bottles and all other plastic products which have domestic and industrial applications. These businesses use polymers and resins as raw materials which are primarily sourced from polymer suppliers. The processes used in plastic products manufacturing include compression molding, extrusion molding, injection molding, blow molding and casting. The main types of plastic products are plastics packaging materials and unlaminated film and sheet, plastic pipes and shapes, laminated plastics plate, sheet, and shape, plastics bottle, polystyrene foam products, urethane and other foam product and other plastics product. The plastic material is typically applied for glass-clear packaged foods, such as fresh salads, fruits, cold meats, snacks, and so on. The different technologies include injection molding, extrusion molding, blow molding, others and is used in various sectors such as automotive & transportation, electrical & electronics, medical, construction, others. The global plastic products market size is expected to grow from $888.99 billion in 2021 to $986.63 billion in 2022 at a compound annual growth rate (CAGR) of 11%. The plastic products market is expected to grow to $1,427.59 billion in 2026 at a CAGR of 9.7%. The plastic products market is affected by the growth of the packaging industry. There are a number of new developments in the packaging industry that will drive the demand for plastic materials. Convenience features, such as resealable packs, easy-to-open stand-up pouches and smaller pack sizes for single-servings are being introduced and more promotional packs and brand extensions are being developed to ensure customer loyalty. These developments in packaging will increase the consumption of plastics and are driving the plastic products market. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the plastic products market in 2021 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of lockdown and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the plastic products manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy The practice of using 3D printing in plastics manufacturing is becoming more common. This technology produces solid objects from digital designs by building up multiple layers of plastic, resin, or other materials in a precisely determined shape. The speed and flexibility of this technology can promote innovation and reduce time-to-market. The products produced using 3D printers have good mechanical properties like strength and rigidity. For example, Stratasys developed one such color multi-material 3D printer which can combine colors with multi-material 3D printing. The printer uses cyan, magenta and yellow colors and plastics and elastomers as base materials to print objects with wide ranges of flexibility and rigidity, transparency and opacity. Major companies in the plastic products market include Amcor Limited, Berry Global Group Inc., Sealed Air Corporation, Avery dennison, Thyssenkrupp AG, LyondellBasell Industries Holdings BV, Brookfield Asset Management, Sekisui Chemical Co. Ltd., Aptar Group, and 3M Company. Asia Pacific was the largest region in the plastic products market in 2021. North America was the second largest region in the plastic products market. The regions covered in the plastic products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastic products market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global plastic products market is segmented - 1) By Type: Plastics Packaging Materials and Unlaminated Film and Sheet, Plastic Pipes and Shapes, Laminated Plastics Plate, Sheet, and Shape, Plastics Bottle, Polystyrene Foam Products, Urethane and Other Foam Product, Others 2) By Technology: Injection Molding, Extrusion Molding, Blow Molding, Others 3) By End-User Industry: Automotive and Transportation, Electrical and Electronics, Medical, Construction, Others Subsegments Covered: Bags and Pouches, Films and Sheets, Unlaminated Plastics Profile Shape, Plastics Pipe and Pipe Fitting HDPE Plastic Bottles, PET Plastic Bottles, PP Plastic Bottles, Other Plastic Bottles

The plastics and rubber products market consists of sales of plastics and rubber products by entities (organizations, sole traders and partnerships) that produce goods by processing plastic and rubber raw materials. Plastics and rubber products are included in the same market as they have similar technical properties, though they are categorized based on the sole use of either rubber or plastic as raw material in the production of the product. Businesses in the industry produce plastic bags and bottles, plastic film and sheets, plastic and rubber pipes, plastic foams, rubber hoses and tires. The main types of plastics and rubber products are rubber products and plastic products. Plastics are a broad category of synthetic or semi-synthetic compounds made primarily of polymers. Plastics can be shaped, stretched, or compressed into solid objects of diverse shapes due to their fluidity. The different sectors include automotive and transportation, electrical and electronics, medical, construction and others. The global plastics and rubber products market size is expected to grow from $1,229.98 billion in 2021 to $1,357.49 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The plastics and rubber products market is expected to grow to $1,923.6 billion in 2026 at a CAGR of 9.1%. The plastics and rubber products manufacturing industry is affected by the growth of the packaging industry. There are a number of new developments in the packaging industry that will drive the demand for plastic materials. Convenience features, such as resealable packs, easy-to-open stand-up pouches and smaller pack sizes for single-servings are being introduced and more promotional packs and brand extensions are being developed to ensure customer loyalty. These developments in packaging will increase the consumption of plastics and rubber and are driving the market. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the plastics and rubber products manufacturing market in 2021 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of lockdown and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the plastics and rubber products manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Manufacturers in the plastic and rubber products industry are investing in automation technologies to reduce production costs, improve productivity and enhance product quality. The use of sensors and wireless technology aids in gathering valuable data that is used to improve efficiencies and reduce errors. This is resulting in streamlined manufacturing processes, better product quality at lower costs. According to ABB, an industrial robot manufacturer, some of their customers reported an increase of 15-30% in productivity after installing robotic automation systems. Around 180,000 machines are employed in the plastic manufacturing industry in 2021, an increase of 67,000 machines over the course of 4 years. Major companies providing industrial robotics include FANUC Corporation, Yaskawa Electric Corporation, ABB Group, KUKA AG, and Kawasaki Heavy Industries, Ltd. Major companies in the plastics and rubber products market include The Michelin Group, Bridgestone Corporation, Continental AG, Amcor Limited, Good Year Tire & Rubber Company, Sumitomo Rubber Group, Berry Global Group Inc., The Hankook Tire group, Pirelli & C SpA and Avery dennison. Asia Pacific was the largest region in the plastics and rubber products market in 2021. North America was the second largest region in the plastics and rubber products market. The regions covered in the plastics and rubber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastics and rubber products market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global plastics and rubber products market is segmented - 1) By Type: Rubber Products, Plastic Products 2) By End-User Industry: Automotive and Transportation, Electrical and Electronics, Medical, Construction, Others Subsegments Covered: Tire, Hoses and Belting, Other Rubber Product, Plastics Packaging Materials and Unlaminated Film and Sheet, Plastic Pipes and Shapes, Laminated Plastics Plate, Sheet, and Shape, Plastics Bottle, Urethane and Other Foam Product, Polystyrene Foam Products, Other Plastics Product

The plastic alternative packaging market consists of sales of plastic alternative packaging by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing plastic alternative packaging products. Plastic alternative packaging products are innovative eco-friendly alternatives to traditional materials and include biodegradable packaging, packaging products made from recycled materials, and plant-based packaging. Only goods and services traded between entities or sold to end consumers are included. The main types of plastic alternative packaging are starch-based plastic, cellulose-based plastics, polylactic acid (PLA), polyhydroxyalkanoates (PHA), others. Starch-based plastics are created from polylactic acid (PLA), which is produced from fermented carbohydrates such as cornstarch. The various process includes recyclable, reusable, biodegradable and are used in food and beverage, personal care, health care and other applications. The global plastic alternative packaging market size is expected to grow from $71.08 billion in 2021 to $78.08 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The plastic alternative package market is expected to grow to $96.91 billion in 2026 at a CAGR of 5.5%. Growing environmental concerns associated with plastic usage is a major driver for the growth of the plastic alternative packaging market. Plastic products consist of deadly pollutants and cause harmful effects on humans, animals, and the environment. Customers are interested in eco-friendly packaging options to find the replacement of plastic packaging. According to the World Economic Forum’s report published in October 2019, approximately 13 million tons of plastic waste leaks into our oceans every year, causing unimaginable damage to biodiversity, marine life, and human health. Most plastics are non-biodegradable attributing to the material versatility. Rising inclination towards alternatives to plastics has attracted businesses worldwide, which contributes to the growth of the plastic alternative packaging market. The high cost of plastic alternative packaging products is projected to limit the growth of the plastic alternative packaging market over the forecast period. Biodegradable plastic packaging materials are expensive as compared to non-biodegradable materials. For instance, the cost of CycleWood's biodegradable plastic bags is around 1.5 cents per unit compared with 1.2 cents for traditional plastic bags. Additionally, biodegradable materials are 2 to 10 times more costly to produce than relative non-biodegradable materials. Thus, high cost is likely to restrict the growth of the plastic alternative packaging market. Advances in technology is a major trend in the plastic alternative packaging market. Major companies dealing in the market are continuously focusing on introducing innovative and sustainable packaging solutions for various industries to maintain their position in the competitive business environment and to meet end-user requirements. For instance, in January 2021, Sealed Air Corporation, has launched a new version of bubble wrap brand packaging material that is made with at least 90% recycled content. The recycled content used to make bubble wrap brand packaging is sourced from post-industrial materials that would otherwise end up in landfills. In June 2019, Amcor plc., an Australia-based company engaged in producing packaging for food, beverage, pharmaceutical, medical, home- and personal care, and other products acquired Bemis company Inc. for $6.8 billion. The acquisition of Bemis Company, Inc. brings new scale, skills, and footprint that will grow Amcor’s industry-leading value plan to create a global consumer packaging giant. Bemis Company, Inc. is a US-based manufacturer of flexible packaging products and pressure-sensitive materials. Major players in the plastic alternative packaging market are Amcor Limited, Tetra Pak, Sealed Air Corporation, Plastic Suppliers Inc., Kruger Inc., Mondi, International Paper Company, Smurfit Kappa Group PLC, DS Smith PLC, Klabin SA, Rengo Co. Ltd and Bemis Company Inc. North America was the largest region in the plastic alternative packaging market in 2021. The regions covered in the plastic alternative packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the plastic alternative packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global plastic alternative packaging market is segmented - 1) By Type: Starch-Based Plastic, Cellulose-Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Others 2) By Process: Recyclable, Reusable, Biodegradable 3) By Application: Food and Beverage, Personal Care, Health Care, Others

The environment management, compliance, and due diligence services market consists of the sales of environment management, compliance, and due diligence services by entities (organizations, sole traders, and partnerships) that provide advisory services to businesses and other organizations for obtaining licenses, compliance with government regulations and due diligence. These companies undertake environmental audits and quality assurance checks, conduct inspections, and ensure companies comply with environmental laws, regulations, and international standards. The environmental due diligence involves steps to prevent an environmental offense from occurring. It can significantly reduce the risk of environmental accidents as well as regulatory and civil liability. Only goods and services traded between entities or sold to end consumers are included. The main types of services in environment management, compliance, and due diligence services are environment management services, environment compliance services and environment due diligence services. An Environmental Management System (EMS) is a collection of systems and practises that allow a company to minimize its environmental footprint while also increasing its operational efficiency. This site serves small enterprises and private sector, as well as local, state, and federal organisations, with information and resources relevant to an EMS. The different applications include government, utilities, others and is used by various verticals such as mining, manufacturing and process industries, energy and utilities, government and regulators, infrastructure and development, others. The global environment management, compliance and due diligence market is expected to grow from $14.48 billion in 2021 to $16.82 billion in 2022 at a compound annual growth rate (CAGR) of 16.2%. The growth in the environment management, compliance, and due diligence services market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The environment management, compliance, and due diligence services market is expected to reach $28.66 billion in 2026 at a CAGR of 14.2%. Increasing environmental safety concerns across the globe contributed to the growth of the environmental management, compliance, and due diligence services market. Profound public interest in the threats facing the environment, as well as accelerating claims placed on the environment by the increased population, are projected to spur demand for environmental scientists and specialists. According to the U.S. Bureau Of Labor Statistics, the employment of environmental scientists and specialists is projected to grow 8% from 2019 to 2029, much faster than the average for all occupations. Environmental auditing has spread rapidly with an equivalent development of the approaches and techniques adopted. Therefore, working in an error-proof environment where the systems, tasks, and processes they work in are well designed would propel the revenues generated for the environment management, compliance, and due diligence services market. The high cost associated with environmental consulting services is expected to limit the growth of the environmental management, compliance, and due diligence services market. The services offered by an experienced consultant in the industry are priced high with a focus on the value of the service. For instance, the due diligence costs can range from $15,000 to $50,000 per site. Moreover, exponent’s engineers, scientists, and environmental economists charge a high price for environmental response actions, estimate current and future liabilities, and apportion prices among potentially responsible parties. This discourages small and medium enterprises to use the services as it increases their operational costs. The launch of carbon footprint management has created immense demand in the environmental management, compliance, and due diligence services market. Companies are increasingly following carbon footprint management at the vertical level due to the need to comply with carbon emissions regulations. For instance, in June 2020, SAP has launched a carbon emissions accounting system to address climate change. SAP launched the first solution in its Climate 21 program helping enterprises to perform their business operations efficiently where sustainability is an economic and strategic imperative. A carbon footprint is used as a transcript for the quantity of carbon (usually in tonnes) being discharged by an organization. It is also a significant constituent of the Ecological Footprint since it is one competing demand for biologically productive space. In July 2019, ASRC Industrial Services (AIS), a company providing environmental and industrial services across the USA acquired Environmental Quality Management (EQM) Inc. for an undisclosed amount. Through this acquisition, ASRC Industrial Services (AIS) plans to enhance its enterprise-wide capabilities and also aims at expanding the company’s presence in key markets to provide customer-focused industrial services. Environmental Quality Management (EQM) Inc. is a USA-based environment consulting, remediation, and construction company engaged in providing environmental compliance, environmental remediation, and other services to the public, government, and industrial sectors. Major players in the environment management, compliance, and due diligence services market are AECOM, Tetra Tech, Strategix Application Solutions, Metrix Software Solutions, Lighthouse, Qooling, Intelex, SiteDocs, IndustrySafe, SafetySync, SafetyTek, iAuditor, Form, CH2M Hill, Tetra Tech, Arcadis and MyEasyISO. The regions covered in the environment management, compliance, and due diligence services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the environment management, compliance and due diligence market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global environment management, compliance, and due diligence services market is segmented - 1) By Service Type: Environment Management Services, Environment Compliance Services, Environment Due Diligence Services 2) By End-Users: Mining, Manufacturing And Process Industries, Energy And Utilities, Government And Regulators, Infrastructure And Development, Others 3) By Applications can be divided into: Government, Utilities, Others

The plasticizers market consists of sales of plasticizers and related services. Plasticizers are chemical additives used to increase the plasticity or fluidity of a material. The dominant applications are for rubber, resins, and plastics, especially polyvinyl chloride (PVC). The product types of plasticizers are phthalates plasticizers, dop, dinp/didp/dphp, other non-phthalates plasticizers, dotp, adipates, trimellitates, epoxies, and benzoates. Phthalates are a group of chemicals that is used to make plastics more durable. Few of the phthalates are used to help dissolve other materials. Phthalates are in hundreds of products, like vinyl flooring, lubricating oils, and personal-care products like soaps, shampoos, and hair sprays. The distribution channels are online, offline. The various applications involved are flooring & wall, film & sheet coverings, wires & cables, coated fabrics, consumer goods, and other applications. The global plasticizers market size is expected to grow from $85.53 billion in 2021 to $91.85 billion in 2022 at a compound annual growth rate (CAGR) of 7.4%. The global plasticizers market size is expected to grow to $118.03 billion in 2026 at a CAGR of 6.5%. Rising demand for flexible polyvinyl chloride (PVC) contributes to the growth of the plasticizers market. Flexible PVC is softer than unplasticized polyvinyl chloride (uPVC) due to the addition of plasticizers. Increasing demand for flexible PVC material in various end-use industries drives the demand for plasticizers. Flexible packaging provides a long-lasting safety, lightweight, and compactness while maintaining a low carbon footprint, therefore rising demand for PVC from the packaging industry. The strict regulations on using phthalates plasticizers are limiting the growth of the plasticizers market. Phthalates plasticizers are the most commonly used plasticizers due to their easy availability and low cost. Several companies are moving away from phthalate plasticizers as a number of studies reveal the health effects caused due to the use of plasticizers. However, non-governmental organizations such as the U.S. Green Building Council (USGBC) promote the use of non-phthalate plasticizers because of their environment-friendly nature. The applications of certain phthalates in many consumer products are prohibited in various countries. Directives such as EEC Directive and other regulations in Europe ban the use of phthalates plasticizers in some applications. The European parliament forbids the use of phthalates plasticizers such as DEHP, DBP, and BBP in toys and childcare products. Therefore, strict regulations on using phthalates plasticizers have a negative impact on the plasticizers market growth. Eco-friendly plasticizers are increasingly being used to prevent harmful phthalates plasticizers such as DOP, DBP, BBP, and DEP. Eco-friendly plasticizers have various properties such as waterproof with good electrical resistivity, weather resistance, better mechanical strength, and good heat stability. Due to these factors, phthalates plasticizers are being replaced with eco-friendly plasticizers. Eco-friendly plasticizers are polymer additives that improve a material's plasticity. The global eco-friendly plasticizers market is growing rapidly due to the increased demand for eco-friendly plasticizers to keep human health and the environment safe. These plasticizers come with low toxicity and good compatibility and are used in various applications, mainly in films and cable manufacturing, and are driving the growth of the plasticizers market. In September 2021, Cargill Inc, a US-based food corporation acquired Arkema’S for an undisclosed amount. With this acquisition of Arkema manufacturing capabilities with Cargill’s bio-industrial expertise, the company will further support its plastics, automotive, medical, furniture, flooring, and specialty chemicals customers with a broader portfolio of bio-based solutions for applications such as polymer and lubricant modifiers, coalescing agents for paint and foam for furniture. Arkema is a France-based specialty chemical and advanced materials company. Major players in the plasticizers market are Arkema S.A, BASF SE, Dow Chemical Company, LG Chem Ltd, Evonik Industries Ag, Exxon Mobil Corporation, Eastman Chemical Company, Ineos Group, UPC GROUP, and Bluesail. Asia Pacific was the largest region in the plasticizers market in 2021. North America was the second-largest region in the global plasticizers market. The regions covered in the global plasticizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the plasticizers market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The global plasticizers market is segmented - 1) By Product Type: Phthalates Plasticizers, DOP, DINP/DIDP/DPHP, Others, Non-Phthalates Plasticizers, DOTP, Adipates, Trimellitates, Epoxies, Benzoates 2) By Application: Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods, Other Applications 3) By Distribution Channel: Online, Offline