Key Insights
The global biodegradable plastics market is poised for significant expansion, driven by escalating environmental consciousness and evolving regulatory landscapes. Projections indicate a market size of $16 billion by 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 20.96%. This robust growth is attributed to surging consumer preference for sustainable alternatives and the widespread adoption of eco-friendly packaging solutions across diverse industries. The market is segmented by material type, including starch-based, cellulose-based, polylactic acid (PLA), and polyhydroxyalkanoates (PHA), each offering distinct characteristics for various applications. Key sectors utilizing biodegradable plastics include food and beverage packaging, pharmaceuticals, and personal and home care products, underscoring their versatility. Leading companies such as Kruger Inc., Rengo Co. Ltd., DS Smith PLC, and Amcor PLC are at the forefront of innovation, expanding product offerings to meet growing demand. The Asia Pacific region is anticipated to witness accelerated growth, propelled by rapid economic development and heightened environmental awareness.
Biodegradable Plastics Market Market Size (In Billion)
The forecast period, from 2025 to 2033, will be characterized by sustained market expansion, fueled by ongoing research and development focused on enhancing material properties and cost-effectiveness. Increased investments in bio-based plastic manufacturing and strategic collaborations between producers and end-users will further accelerate market growth. Emphasis will likely be placed on developing biodegradable plastics with improved durability, flexibility, and barrier capabilities to cater to a broader application spectrum. Supportive regulatory frameworks and a growing consumer inclination towards environmentally responsible products will significantly influence market dynamics. Regional growth variations are expected, influenced by economic factors, environmental policies, and consumer awareness. Intensified competition among established and emerging players will drive innovation in material science and production methodologies.
Biodegradable Plastics Market Company Market Share
Biodegradable Plastics Market: A Comprehensive Report (2019-2033)
This in-depth report provides a comprehensive analysis of the Biodegradable Plastics Market, offering invaluable insights for industry professionals, investors, and strategic decision-makers. Covering the period 2019-2033, with a focus on 2025, this report meticulously examines market dynamics, segmentation, key players, and future growth prospects. The study utilizes rigorous research methodologies to deliver actionable intelligence, enabling businesses to navigate the evolving landscape of sustainable packaging and materials.
Biodegradable Plastics Market Market Structure & Innovation Trends
This section analyzes the market's competitive landscape, highlighting key players such as Kruger Inc, Rengo Co Ltd, DS Smith PLC, Amcor PLC, Mondi PLC, Plastic Suppliers Inc, International Paper Company, Smurfit Kappa Group PLC, Tetra Pak International SA, and Klabin SA (list not exhaustive). We examine market concentration, revealing the market share held by leading companies and assessing the potential for future consolidation through mergers and acquisitions (M&A). The analysis includes an evaluation of M&A deal values over the historical period (2019-2024), estimating a total value of xx Million. Innovation drivers are explored, including advancements in bio-based polymers and improved biodegradability. Regulatory frameworks impacting the market are also examined, along with the presence of substitute materials and their impact on market share. Finally, we analyze end-user demographics and their influence on market demand, providing a comprehensive overview of the current market structure and its evolution.
Biodegradable Plastics Market Market Dynamics & Trends
The Biodegradable Plastics Market is experiencing significant growth, driven by increasing environmental concerns, stringent regulations regarding plastic waste, and rising consumer demand for eco-friendly products. This section delves into the key factors shaping market dynamics, including technological disruptions such as advancements in biopolymer production and improved compostability. We analyze evolving consumer preferences towards sustainable alternatives and the impact of these preferences on market penetration. Competitive dynamics are scrutinized, revealing the strategies employed by key players to gain market share. The report projects a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033), with market penetration expected to reach xx% by 2033.
Dominant Regions & Segments in Biodegradable Plastics Market
This section identifies the leading regions and segments within the Biodegradable Plastics Market. Analysis reveals [Region Name] as the dominant region, driven by factors such as:
- Favorable government policies promoting sustainable packaging.
- Well-established recycling infrastructure.
- Strong consumer awareness of environmental issues.
In terms of type, Polylactic Acid (PLA) currently holds the largest market share, while within applications, the Food and Beverage sector demonstrates significant demand. A detailed analysis is provided for each segment (Starch Based plastic, Cellulose Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Other Plastic Types; Food, Beverage, Pharmaceutical, Personal/Homecare, Other Applications), examining market size, growth drivers, and competitive landscapes.
Biodegradable Plastics Market Product Innovations
Recent years have witnessed significant advancements in biodegradable plastics, encompassing the development of novel biopolymers with enhanced properties such as improved strength, flexibility, and barrier capabilities. These innovations are driving market expansion into new applications, while also enhancing the competitive advantages of existing players. Technological trends such as the use of nanotechnology to improve biodegradability and the development of bio-based blends are further shaping the market landscape, enabling improved product functionality and market fit.
Report Scope & Segmentation Analysis
This report offers a detailed segmentation of the Biodegradable Plastics Market across various types (Starch Based plastic, Cellulose Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Other Plastic Types) and applications (Food, Beverage, Pharmaceutical, Personal/Homecare, Other Applications). Each segment's market size, growth projections, and competitive dynamics are thoroughly analyzed, providing a comprehensive understanding of market opportunities and challenges.
Key Drivers of Biodegradable Plastics Market Growth
The growth of the Biodegradable Plastics Market is fueled by several key factors:
- Increasing environmental awareness and concerns about plastic pollution.
- Stringent government regulations and policies promoting sustainable materials.
- Advancements in biopolymer technology, leading to improved product performance and cost-effectiveness.
- Growing demand for eco-friendly products from environmentally conscious consumers.
Challenges in the Biodegradable Plastics Market Sector
Despite its growth potential, the Biodegradable Plastics Market faces several challenges:
- Higher production costs compared to conventional plastics, limiting widespread adoption.
- Inconsistencies in biodegradability standards and certification processes.
- Limited availability of industrial-scale composting facilities.
- Competition from traditional plastics and other sustainable alternatives. These challenges collectively reduce the market potential and require strategic planning and innovation to overcome.
Emerging Opportunities in Biodegradable Plastics Market
The Biodegradable Plastics Market presents several emerging opportunities:
- Expansion into new applications, such as packaging for electronics and medical devices.
- Development of biodegradable plastics with specialized properties for specific industrial applications.
- Growing demand from emerging economies with rising environmental concerns.
- Partnerships and collaborations between material suppliers, brand owners, and waste management companies to foster a circular economy.
Leading Players in the Biodegradable Plastics Market Market
- Kruger Inc
- Rengo Co Ltd
- DS Smith PLC
- Amcor PLC
- Mondi PLC
- Plastic Suppliers Inc
- International Paper Company
- Smurfit Kappa Group PLC
- Tetra Pak International SA
- Klabin SA
Key Developments in Biodegradable Plastics Market Industry
- January 2023: Company X launched a new biodegradable plastic film for food packaging.
- March 2022: Company Y announced a strategic partnership to expand production capacity of PLA.
- June 2021: Government Z implemented new regulations promoting the use of biodegradable plastics. (Further developments will be included in the full report).
Future Outlook for Biodegradable Plastics Market Market
The Biodegradable Plastics Market is poised for significant growth in the coming years, driven by increasing environmental awareness, technological advancements, and supportive government policies. The market is expected to witness expansion into new applications, further innovation in biopolymer technology, and growing adoption across various industries. Strategic partnerships and investments in research and development will play a crucial role in shaping the future of this dynamic market, offering significant potential for businesses willing to adapt and embrace sustainable solutions.
Biodegradable Plastics Market Segmentation
-
1. Type
- 1.1. Starch Based plastic
- 1.2. Cellulose Based Plastics
- 1.3. Polylactic Acid (PLA)
- 1.4. Polyhydroxyalkanoates (PHA)
- 1.5. Other Plastic Types
-
2. Application
- 2.1. Food
- 2.2. Beverage
- 2.3. Pharmaceutical
- 2.4. Personal/Homecare
- 2.5. Other Applications
Biodegradable Plastics Market Segmentation By Geography
- 1. North America
- 2. Europe
- 3. Asia Pacific
- 4. Latin America
- 5. Middle East
Biodegradable Plastics Market Regional Market Share
Geographic Coverage of Biodegradable Plastics Market
Biodegradable Plastics Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 20.96% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. ; Growing Environmental Concerns Regarding Plastic Pollution; Stringent Regulations by Various Government and Federal Agencies
- 3.3. Market Restrains
- 3.3.1. ; High Costs Compared to Normal Plastic
- 3.4. Market Trends
- 3.4.1. Use of Bioplastics is Stimulating the Market Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Biodegradable Plastics Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Starch Based plastic
- 5.1.2. Cellulose Based Plastics
- 5.1.3. Polylactic Acid (PLA)
- 5.1.4. Polyhydroxyalkanoates (PHA)
- 5.1.5. Other Plastic Types
- 5.2. Market Analysis, Insights and Forecast - by Application
- 5.2.1. Food
- 5.2.2. Beverage
- 5.2.3. Pharmaceutical
- 5.2.4. Personal/Homecare
- 5.2.5. Other Applications
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America
- 5.3.5. Middle East
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America Biodegradable Plastics Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Starch Based plastic
- 6.1.2. Cellulose Based Plastics
- 6.1.3. Polylactic Acid (PLA)
- 6.1.4. Polyhydroxyalkanoates (PHA)
- 6.1.5. Other Plastic Types
- 6.2. Market Analysis, Insights and Forecast - by Application
- 6.2.1. Food
- 6.2.2. Beverage
- 6.2.3. Pharmaceutical
- 6.2.4. Personal/Homecare
- 6.2.5. Other Applications
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. Europe Biodegradable Plastics Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Starch Based plastic
- 7.1.2. Cellulose Based Plastics
- 7.1.3. Polylactic Acid (PLA)
- 7.1.4. Polyhydroxyalkanoates (PHA)
- 7.1.5. Other Plastic Types
- 7.2. Market Analysis, Insights and Forecast - by Application
- 7.2.1. Food
- 7.2.2. Beverage
- 7.2.3. Pharmaceutical
- 7.2.4. Personal/Homecare
- 7.2.5. Other Applications
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Asia Pacific Biodegradable Plastics Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Starch Based plastic
- 8.1.2. Cellulose Based Plastics
- 8.1.3. Polylactic Acid (PLA)
- 8.1.4. Polyhydroxyalkanoates (PHA)
- 8.1.5. Other Plastic Types
- 8.2. Market Analysis, Insights and Forecast - by Application
- 8.2.1. Food
- 8.2.2. Beverage
- 8.2.3. Pharmaceutical
- 8.2.4. Personal/Homecare
- 8.2.5. Other Applications
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. Latin America Biodegradable Plastics Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Starch Based plastic
- 9.1.2. Cellulose Based Plastics
- 9.1.3. Polylactic Acid (PLA)
- 9.1.4. Polyhydroxyalkanoates (PHA)
- 9.1.5. Other Plastic Types
- 9.2. Market Analysis, Insights and Forecast - by Application
- 9.2.1. Food
- 9.2.2. Beverage
- 9.2.3. Pharmaceutical
- 9.2.4. Personal/Homecare
- 9.2.5. Other Applications
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Middle East Biodegradable Plastics Market Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. Starch Based plastic
- 10.1.2. Cellulose Based Plastics
- 10.1.3. Polylactic Acid (PLA)
- 10.1.4. Polyhydroxyalkanoates (PHA)
- 10.1.5. Other Plastic Types
- 10.2. Market Analysis, Insights and Forecast - by Application
- 10.2.1. Food
- 10.2.2. Beverage
- 10.2.3. Pharmaceutical
- 10.2.4. Personal/Homecare
- 10.2.5. Other Applications
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Kruger Inc
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Rengo Co Ltd*List Not Exhaustive
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 DS Smith PLC
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Amcor PLC
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Mondi PLC
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Plastic Suppliers Inc
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 International Paper Company
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Smurfit Kappa Group PLC
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Tetra Pak International SA
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Klabin SA
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Kruger Inc
List of Figures
- Figure 1: Global Biodegradable Plastics Market Revenue Breakdown (billion, %) by Region 2025 & 2033
- Figure 2: North America Biodegradable Plastics Market Revenue (billion), by Type 2025 & 2033
- Figure 3: North America Biodegradable Plastics Market Revenue Share (%), by Type 2025 & 2033
- Figure 4: North America Biodegradable Plastics Market Revenue (billion), by Application 2025 & 2033
- Figure 5: North America Biodegradable Plastics Market Revenue Share (%), by Application 2025 & 2033
- Figure 6: North America Biodegradable Plastics Market Revenue (billion), by Country 2025 & 2033
- Figure 7: North America Biodegradable Plastics Market Revenue Share (%), by Country 2025 & 2033
- Figure 8: Europe Biodegradable Plastics Market Revenue (billion), by Type 2025 & 2033
- Figure 9: Europe Biodegradable Plastics Market Revenue Share (%), by Type 2025 & 2033
- Figure 10: Europe Biodegradable Plastics Market Revenue (billion), by Application 2025 & 2033
- Figure 11: Europe Biodegradable Plastics Market Revenue Share (%), by Application 2025 & 2033
- Figure 12: Europe Biodegradable Plastics Market Revenue (billion), by Country 2025 & 2033
- Figure 13: Europe Biodegradable Plastics Market Revenue Share (%), by Country 2025 & 2033
- Figure 14: Asia Pacific Biodegradable Plastics Market Revenue (billion), by Type 2025 & 2033
- Figure 15: Asia Pacific Biodegradable Plastics Market Revenue Share (%), by Type 2025 & 2033
- Figure 16: Asia Pacific Biodegradable Plastics Market Revenue (billion), by Application 2025 & 2033
- Figure 17: Asia Pacific Biodegradable Plastics Market Revenue Share (%), by Application 2025 & 2033
- Figure 18: Asia Pacific Biodegradable Plastics Market Revenue (billion), by Country 2025 & 2033
- Figure 19: Asia Pacific Biodegradable Plastics Market Revenue Share (%), by Country 2025 & 2033
- Figure 20: Latin America Biodegradable Plastics Market Revenue (billion), by Type 2025 & 2033
- Figure 21: Latin America Biodegradable Plastics Market Revenue Share (%), by Type 2025 & 2033
- Figure 22: Latin America Biodegradable Plastics Market Revenue (billion), by Application 2025 & 2033
- Figure 23: Latin America Biodegradable Plastics Market Revenue Share (%), by Application 2025 & 2033
- Figure 24: Latin America Biodegradable Plastics Market Revenue (billion), by Country 2025 & 2033
- Figure 25: Latin America Biodegradable Plastics Market Revenue Share (%), by Country 2025 & 2033
- Figure 26: Middle East Biodegradable Plastics Market Revenue (billion), by Type 2025 & 2033
- Figure 27: Middle East Biodegradable Plastics Market Revenue Share (%), by Type 2025 & 2033
- Figure 28: Middle East Biodegradable Plastics Market Revenue (billion), by Application 2025 & 2033
- Figure 29: Middle East Biodegradable Plastics Market Revenue Share (%), by Application 2025 & 2033
- Figure 30: Middle East Biodegradable Plastics Market Revenue (billion), by Country 2025 & 2033
- Figure 31: Middle East Biodegradable Plastics Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Biodegradable Plastics Market Revenue billion Forecast, by Type 2020 & 2033
- Table 2: Global Biodegradable Plastics Market Revenue billion Forecast, by Application 2020 & 2033
- Table 3: Global Biodegradable Plastics Market Revenue billion Forecast, by Region 2020 & 2033
- Table 4: Global Biodegradable Plastics Market Revenue billion Forecast, by Type 2020 & 2033
- Table 5: Global Biodegradable Plastics Market Revenue billion Forecast, by Application 2020 & 2033
- Table 6: Global Biodegradable Plastics Market Revenue billion Forecast, by Country 2020 & 2033
- Table 7: Global Biodegradable Plastics Market Revenue billion Forecast, by Type 2020 & 2033
- Table 8: Global Biodegradable Plastics Market Revenue billion Forecast, by Application 2020 & 2033
- Table 9: Global Biodegradable Plastics Market Revenue billion Forecast, by Country 2020 & 2033
- Table 10: Global Biodegradable Plastics Market Revenue billion Forecast, by Type 2020 & 2033
- Table 11: Global Biodegradable Plastics Market Revenue billion Forecast, by Application 2020 & 2033
- Table 12: Global Biodegradable Plastics Market Revenue billion Forecast, by Country 2020 & 2033
- Table 13: Global Biodegradable Plastics Market Revenue billion Forecast, by Type 2020 & 2033
- Table 14: Global Biodegradable Plastics Market Revenue billion Forecast, by Application 2020 & 2033
- Table 15: Global Biodegradable Plastics Market Revenue billion Forecast, by Country 2020 & 2033
- Table 16: Global Biodegradable Plastics Market Revenue billion Forecast, by Type 2020 & 2033
- Table 17: Global Biodegradable Plastics Market Revenue billion Forecast, by Application 2020 & 2033
- Table 18: Global Biodegradable Plastics Market Revenue billion Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Biodegradable Plastics Market?
The projected CAGR is approximately 20.96%.
2. Which companies are prominent players in the Biodegradable Plastics Market?
Key companies in the market include Kruger Inc, Rengo Co Ltd*List Not Exhaustive, DS Smith PLC, Amcor PLC, Mondi PLC, Plastic Suppliers Inc, International Paper Company, Smurfit Kappa Group PLC, Tetra Pak International SA, Klabin SA.
3. What are the main segments of the Biodegradable Plastics Market?
The market segments include Type, Application.
4. Can you provide details about the market size?
The market size is estimated to be USD 16 billion as of 2022.
5. What are some drivers contributing to market growth?
; Growing Environmental Concerns Regarding Plastic Pollution; Stringent Regulations by Various Government and Federal Agencies.
6. What are the notable trends driving market growth?
Use of Bioplastics is Stimulating the Market Growth.
7. Are there any restraints impacting market growth?
; High Costs Compared to Normal Plastic.
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Biodegradable Plastics Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Biodegradable Plastics Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Biodegradable Plastics Market?
To stay informed about further developments, trends, and reports in the Biodegradable Plastics Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence