Global Biodegradable Plastics Market Report 2024

Biodegradable Plastics Global Market Report 2024 – By Type (Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), PHA (Polyhydroxyalkanoates), Starch Blends, Other Types), By End User (Packaging, Agriculture, Consumer Goods, Others) – Market Size, Trends, And Global Forecast 2024-2033

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Biodegradable Plastics Market Definition And Segments

Biodegradable plastics are made from petrochemicals that contain biodegradable additives and are degraded into carbon dioxide, water, and biomass by microorganisms. The biodegradable plastics are used in organic waste collection and diversion, food packaging, the agricultural and horticultural sectors, and disposable tableware. These can be used in packing materials, injection-molded products, and others.

The main types of biodegradable plastics on the market are polylactic acid (PLA), polybutylene adipate terephthalate (PBAT), polybutylene succinate (PBS), polyhydroxyalkanoates (PHA), starch blends, and others. Polylactic Acid (PLA) is a thermoplastic biopolymer and its cross-linking of chains gives rise to biodegradable plastic sheets that serve as the basis for the production of numerous non-polluting plastic products. Some of the main end users in the biodegradable plastics market include packaging, agriculture, consumer goods, and other end users.

The biodegradable plastics market covered in this report is segmented –

1) By Type: Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), PHA (Polyhydroxyalkanoates), Starch Blends, Other Types

2) By End User: Packaging, Agriculture, Consumer Goods, Others

The biodegradable plastics market size has grown rapidly in recent years. It will grow from $5.8 billion in 2023 to $6.83 billion in 2024 at a compound annual growth rate (CAGR) of 17.7%. The growth in the historic period can be attributed to growing concerns for the environment, increasing use of biodegradable plastic and emerging markets growth.

The biodegradable plastics market size is expected to see rapid growth in the next few years. It will grow to $12.88 billion in 2028 at a compound annual growth rate (CAGR) of 17.2%. The growth in the forecast period can be attributed to new product launches, a rise in environmental awareness and government initiatives. Major trends in the forecast period include product innovation, integrating antimicrobial technology in biodegradable polymers, use of biodegradable plastics lightweighting, increasing mergers and acquisitions, use of artificial intelligence and upcycled packaging materials.

Rising Environmental Concerns Propel Growth In The Biodegradable Plastics Market

Growth in concerns for the environment is expected to increase the growth of the biodegradable plastics market. The major growing concern for the environment is plastics. The increase in the use of plastics is a growing concern for the environment. In January 2021, according to the data published by the European Environment Agency, the COVID-19 pandemic caused changes in the consumption, waste, and production of plastics. A recent BCG survey involving 3,000 people across eight countries found that in the wake of the pandemic, people were now more concerned about addressing environmental challenges and were committed to changing their own behaviors to advance sustainability. Almost 40% of respondents said they plan to engage in more sustainable behavior in the future. Therefore, growth in concerns for the environment is expected to drive the biodegradable plastics market.

Government Initiatives Propel Development Of Bioplastics, Driving Biodegradable Plastic Market Growth

Government initiatives for the development of bioplastics are expected to drive the biodegradable plastic market in the forecast period. For instance, in August 2021, the Indian Government decided to ban most single-use plastics by July 2022 to reduce pollution and lessen its negative effects on the environment. Bioplastic-focused companies have also received frequent funding from government institutions keen to promote the use of more environmentally friendly plastics. These initiatives are expected to continue in the forecast period thus supporting the growth of the market.

Major companies operating in the biodegradable plastics market report are BASF SE, Mitsubishi Chemical Holding Corporation, Kaneka Corporation, Novamont SpA, Corbion N.V. (Total Corbion PLA), Eastman Chemical Company, Danimer Scientific, NatureWorks LLC, Biome Technologies PLC, Fkur Kunstsoff, BioPak, UFlex, EsselPropack, Balson Industries, Kingfa Sci. & Tech Co. Ltd., GuangDong Huazhilu Biological Material Co. Ltd., Plantic Technologies Limited, Huhtamaki, Greatview Aseptic Packaging, Shanghai PRECISE Packaging Co, Qingdao Likang Packing, Tidetron, CB Material, Red Avenue New Materials, Bio-On, RadiciGroup, Tetra Pak, GOGLIO, Biochemtex, Mondi Group, Gualapack Group, NOVAMONT S.p.A, AVANTIUM N.V, SULAPAC, AMSilk GmBH, CARBIOS, Amcor, Sealed Air, Plastic Suppliers, International Paper, Smurfit Kappa, DS Smith, Green Dot Bioplastics, Kruger Inc., Klabin SA, BioBag, Nova Envirocom Inc., Braskem, Biocycle, Minima, Brazilian Plastics, Rotopak LLC, Gulf East Paper and Plastic Industries LLC, Arabian Packaging LLC, Amber Packaging Industries LLC, Diamond Packaging Industries LLC, Corys Packaging LLC, Astrapak Ltd (RPC Group), Nampak Ltd., Mpact Pty Ltd., Bonpak (Pty) Ltd., bioplastics Egypt, Al Ahram Plastic Co.

Innovative Biodegradable Plastic Products Emerge As Key Trend In Market

Product innovations are a key trend gaining popularity in the biodegradable plastics market. Many organizations are launching innovative products in biodegradable plastics, which are cost-effective and sustainable. For example, in July 2021, the Defense Research and Development Organization (DRDO) based in India launched biodegradable packaging products that are manufactured from biodegradable plant-based food-grade materials. They are available in a water-resistant form and can be degraded in three months. These packaging bags are an ocean-safe alternative to single-use plastics and are cost-effective and sustainable.

AI Revolutionizes Biodegradable Plastics Manufacturing For Sustainability

Companies in the biodegradable plastics market are leveraging Artificial Intelligence (AI) to eliminate plastic waste from their manufacturing processes. Artificial intelligence and machine learning have accelerated the design of materials, such as plastics, that disintegrate fast without affecting the environment, and super-strong, lightweight plastics for satellites and aircraft that will eventually replace metals in usage. AI can eliminate waste from design processes by using engineering data and detecting repetitive and wasteful development cycles. It can streamline packaging, making that packaging as sustainable as possible. It can also increase the use of biodegradable or recyclable materials and cut down shipping costs by optimizing dimensions and weight in packages. For instance, French cosmetics company, L’Oréal, is using AI to ensure that the plastic packaging it uses is either recycled or bio-based by 2030. The company is using predictive tools to estimate the performance of product and packaging designs faster and more accurately, which allows the company to reduce the amount of materials needed in making products and ensures that each product is as sustainable as possible.

Novamont Strengthens Market Presence With Acquisition Of Biobag Group

In January 2021, Novamont, an Italy-based biodegradable bioplastics manufacturer, acquired BioBag Group for an undisclosed amount. Novamont’s service capabilities in marketing in the supply chain will be strengthened by BioBag’s distribution expertise, allowing them to create long-lasting alliances with retailers and enhance the separate organic waste collection and composting systems. BioBag Group is a biodegradable bioplastics manufacturer based in Norway.

North America was the largest region in the biodegradable plastics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biodegradable plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the biodegradable plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The biodegradable plastics market consists of sales of biodegradable plastics, including hydro-biodegradable and oxo-biodegradable plastics. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The biodegradable plastics market research report is one of a series of new reports from The Business Research Company that provides biodegradable plastics market statistics, including biodegradable plastics industry global market size, regional shares, competitors with a biodegradable plastics market share, detailed biodegradable plastics market segments, market trends, and opportunities, and any further data you may need to thrive in the biodegradable plastics industry. This biodegradable plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Biodegradable Plastics Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $6.83 billion
Revenue Forecast In 2033 $12.88 billion
Growth Rate CAGR of 17.2% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), PHA (Polyhydroxyalkanoates), Starch Blends, Other Types
2) By End User: Packaging, Agriculture, Consumer Goods, Others
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled BASF SE; Mitsubishi Chemical Holding Corporation; Kaneka Corporation; Novamont SpA; Corbion N.V. (Total Corbion PLA); Eastman Chemical Company; Danimer Scientific; NatureWorks LLC; Biome Technologies plc; Fkur Kunstsoff; BioPak; UFlex; EsselPropack; Balson Industries; Kingfa Sci. & Tech Co. Ltd; GuangDong Huazhilu Biological Material Co. Ltd; Plantic Technologies Limited; Huhtamaki; Greatview Aseptic Packaging; Shanghai PRECISE Packaging Co; Qingdao Likang Packing; Tidetron; CB Material; Red Avenue New Materials; Bio-On; RadiciGroup; Tetra Pak; GOGLIO; Biochemtex; Mondi Group; Gualapack Group; NOVAMONT S.p.A; AVANTIUM N.V; SULAPAC; AMSilk GmBH; CARBIOS; Amcor; Sealed Air; Plastic Suppliers; International Paper; Smurfit Kappa; DS Smith; Green Dot Bioplastics; Kruger Inc; Klabin SA; BioBag; Nova Envirocom Inc; Braskem; Biocycle; Minima; Brazilian Plastics; Rotopak LLC; Gulf East Paper and Plastic Industries LLC; Arabian Packaging LLC; Amber Packaging Industries LLC; Diamond Packaging Industries LLC; Corys Packaging LLC; Astrapak Ltd (RPC Group); Nampak Ltd; Mpact Pty Ltd; Bonpak (Pty) Ltd; bioplastics Egypt; Al Ahram Plastic Co.
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    Table Of Contents

    1. Executive Summary

    2. Biodegradable Plastics Market Characteristics

    3. Biodegradable Plastics Market Trends And Strategies

    4. Biodegradable Plastics Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Biodegradable Plastics Market Size and Growth

    5.1. Global Biodegradable Plastics Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Biodegradable Plastics Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Biodegradable Plastics Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Biodegradable Plastics Market Segmentation

    6.1. Global Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Polylactic Acid (PLA)

    Polybutylene Adipate Terephthalate (PBAT)

    Polybutylene Succinate (PBS)

    PHA (Polyhydroxyalkanoates)

    Starch Blends

    Other Types

    6.2. Global Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Packaging

    Agriculture

    Consumer goods

    Other End-users

    7. Biodegradable Plastics Market Regional And Country Analysis

    7.1. Global Biodegradable Plastics Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Biodegradable Plastics Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Biodegradable Plastics Market

    8.1. Asia-Pacific Biodegradable Plastics Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Biodegradable Plastics Market

    9.1. China Biodegradable Plastics Market Overview

    9.2. China Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Biodegradable Plastics Market

    10.1. India Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Biodegradable Plastics Market

    11.1. Japan Biodegradable Plastics Market Overview

    11.2. Japan Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Biodegradable Plastics Market

    12.1. Australia Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Biodegradable Plastics Market

    13.1. Indonesia Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Biodegradable Plastics Market

    14.1. South Korea Biodegradable Plastics Market Overview

    14.2. South Korea Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Biodegradable Plastics Market

    15.1. Western Europe Biodegradable Plastics Market Overview

    15.2. Western Europe Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Biodegradable Plastics Market

    16.1. UK Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Biodegradable Plastics Market

    17.1. Germany Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Biodegradable Plastics Market

    18.1. France Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Biodegradable Plastics Market

    19.1. Italy Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Biodegradable Plastics Market

    20.1. Spain Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Biodegradable Plastics Market

    21.1. Eastern Europe Biodegradable Plastics Market Overview

    21.2. Eastern Europe Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Biodegradable Plastics Market

    22.1. Russia Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Biodegradable Plastics Market

    23.1. North America Biodegradable Plastics Market Overview

    23.2. North America Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Biodegradable Plastics Market

    24.1. USA Biodegradable Plastics Market Overview

    24.2. USA Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Biodegradable Plastics Market

    25.1. Canada Biodegradable Plastics Market Overview

    25.2. Canada Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Biodegradable Plastics Market

    26.1. South America Biodegradable Plastics Market Overview

    26.2. South America Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Biodegradable Plastics Market

    27.1. Brazil Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Biodegradable Plastics Market

    28.1. Middle East Biodegradable Plastics Market Overview

    28.2. Middle East Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Biodegradable Plastics Market

    29.1. Africa Biodegradable Plastics Market Overview

    29.2. Africa Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Biodegradable Plastics Market Competitive Landscape And Company Profiles

    30.1. Biodegradable Plastics Market Competitive Landscape

    30.2. Biodegradable Plastics Market Company Profiles

    30.2.1. BASF SE

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Mitsubishi Chemical Holding Corporation

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Kaneka Corporation

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Novamont SpA

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Corbion N.V. (Total Corbion PLA)

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Biodegradable Plastics Market Other Major And Innovative Companies

    31.1. Eastman Chemical Company

    31.2. Danimer Scientific

    31.3. NatureWorks LLC

    31.4. Biome Technologies plc

    31.5. Fkur Kunstsoff

    31.6. BioPak

    31.7. UFlex

    31.8. EsselPropack

    31.9. Balson Industries

    31.10. Kingfa Sci. & Tech Co. Ltd

    31.11. GuangDong Huazhilu Biological Material Co. Ltd

    31.12. Plantic Technologies Limited

    31.13. Huhtamaki

    31.14. Greatview Aseptic Packaging

    31.15. Shanghai PRECISE Packaging Co

    32. Global Biodegradable Plastics Market Competitive Benchmarking

    33. Global Biodegradable Plastics Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Biodegradable Plastics Market

    35. Biodegradable Plastics Market Future Outlook and Potential Analysis

    35.1 Biodegradable Plastics Market In 2028 - Countries Offering Most New Opportunities

    35.2 Biodegradable Plastics Market In 2028 - Segments Offering Most New Opportunities

    35.3 Biodegradable Plastics Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Biodegradable Plastics Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Biodegradable Plastics Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Asia-Pacific, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: China, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: China, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: India, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: India, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: Japan, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: Japan, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: Australia, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: Australia, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Indonesia, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Indonesia, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: South Korea, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: South Korea, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Western Europe, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Western Europe, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: UK, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: UK, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Germany, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Germany, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: France, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: France, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Italy, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Italy, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Spain, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Spain, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Eastern Europe, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: Eastern Europe, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Russia, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Russia, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: North America, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: North America, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: USA, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: USA, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Canada, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Canada, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: South America, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: South America, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Brazil, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Brazil, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Middle East, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Middle East, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Africa, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Africa, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: BASF SE Financial Performance
  • Table 52: Mitsubishi Chemical Holding Corporation Financial Performance
  • Table 53: Kaneka Corporation Financial Performance
  • Table 54: Novamont SpA Financial Performance
  • Table 55: Corbion N.V. (Total Corbion PLA) Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Biodegradable Plastics Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Biodegradable Plastics Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Asia-Pacific, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: China, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: China, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: India, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: India, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: Japan, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: Japan, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: Australia, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: Australia, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Indonesia, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Indonesia, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: South Korea, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: South Korea, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Western Europe, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Western Europe, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: UK, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: UK, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Germany, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Germany, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: France, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: France, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Italy, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Italy, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Spain, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Spain, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Eastern Europe, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: Eastern Europe, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Russia, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Russia, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: North America, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: North America, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: USA, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: USA, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Canada, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Canada, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: South America, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: South America, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Brazil, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Brazil, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Middle East, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Middle East, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Africa, Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Africa, Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: BASF SE Financial Performance
  • Figure 52: Mitsubishi Chemical Holding Corporation Financial Performance
  • Figure 53: Kaneka Corporation Financial Performance
  • Figure 54: Novamont SpA Financial Performance
  • Figure 55: Corbion N.V. (Total Corbion PLA) Financial Performance
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Frequently Asked Questions

What is the definition of the biodegradable plastics market?

The biodegradable plastics market consists of sales of biodegradable plastics by entities (organizations, proprietors, partnerships) that are used in the application of organic waste collection and diversion, food packaging, agricultural and horticultural sectors, and disposable tableware. Biodegradable plastics are obtained from petrochemicals that consist of biodegradable additives and are degraded by microorganisms into carbon dioxide, water, and biomass. These can be used in packing materials, injection-molded and others. request a sample here

How will the biodegradable plastics market drivers and restraints affect biodegradable plastics market dynamics? What forces will shape the biodegradable plastics industry going forward?

The biodegradable plastics market growth is aided by the growing concerns for the environment. request a sample here

What is the forecast market size of the biodegradable plastics market?

The biodegradable plastics market is expected to reach $7.16 billion in 2026 at a rate of 14.2%. request a sample here

How is the biodegradable plastics market segmented?

The global biodegradable plastics market is segmented -
1) By Type: Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), PHA (Polyhydroxyalkanoates), Starch Blends, Others 2) By End-User: Packaging, Agriculture, Consumer Goods, Others request a sample here

Which region has largest share, and what is the market size and growth by geography according to the biodegradable plastics global market report?

North America was the largest region in the biodegradable plastics market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global biodegradable plastics market during the forecast period. request a sample here.

Who are the key players of the biodegradable plastics market?

Top competitors in the biodegradable plastics market are BASF, NatureWorks, BIOME TECHNOLOGIES PLC., Novamont S.p.A., Mitsubishi,, Biome Bioplastics, Plantic, BIO-ON, Danimer Scientific, Novamont S.p.A, TORAY INDUSTRIES, INC, Kruger Inc., Total Corbion PLA, Perstorp, K.D. FEDDERSEN, UrthPact, LLC, BIOTec Pvt. Ltd., BioGreen, CLONDALKIN GROUP, Plantic Technologies Limited, Amcor limited, and Mondi Group. request a sample here.

What are the key trends in the biodegradable plastics market?

Major trends influencing the biodegradable plastics market include product innovations. Many organizations are launching innovative products in biodegradable plastics, which are cost-effective and sustainable in nature. request a sample here.

What are the major opportunities in the biodegradable plastics market and the approaches companies can take to take advantage of them?

For detail on the future and current opportunities in the global biodegradable plastics market, request a sample here. request a sample here.

How does the biodegradable plastics market relate to the overall economy and other similar markets?

request a sample here.

request a sample here.

request a sample here.