Biodegradable Plastics Market was valued US$ 3.02 Bn. in 2022 and is estimated to grow at CAGR of 15.1%, to reach US$ 8.10 Bn. by 2029 during the forecast period.Biodegradable Plastics Market Definition:
Biodegradable plastic is bio-based material that can be recycled and decomposed by living microorganisms such as bacteria, cuprividus necator in the environment commonly produced by petrochemicals or renewable raw materials. Biodegradable plastic are eco-friendly takes less time to degrade and are no toxic.To know about the Research Methodology :- Request Free Sample Report For instance, Polycaprolactone (PCL), Polybutylene succinate (PBS), Polyvinyl alcohol (PVOH/PVA) and Polybutyrate adipate terephthalate (PBAT) are common the most Biodegradable plastic synthesized. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and the same is reflected in our analysis.
Biodegradable Plastics Market Dynamics:
The report covers worldwide Biodegradable Plastics Market size in value and volume with market dynamics by region. All the segments and their detailed evaluation of the trends and factors affecting the market analyzed in the report. Market affecting factors cover drivers, restraints, opportunities, and challenges, consolidation, investment in the industry with focus on key market players by region. Growing awareness concerning to environment and rising consumer preference of eco-friendly packaging material for packaging food, usage of compostable bags & agriculture applications are some of the key drivers that are analyzed in the report with its tangible contribution to the market size and opportunities for the manufacturers and investors. Furthermore, stringent regulations and prohibitions on the use of Non-decomposable plastics bags and other items as it creates massive waste management issue causing water, land, and air pollution are propelling the growth of the global market. Report has studied the mounting population with changing lifestyle and initiatives by each government and key players are investing in the field and are creating a lucrative growth opportunity for the market. Conversely, high-cost issues and less durability associated with biodegradable plastic hamper the growth of the market. Increasing competitiveness of mulch films over films made from traditional plastics is one of the recent biodegradable plastic market trends observed in recent years.Biodegradable Plastics Market Segment Analysis
The report covers competitive analysis of the Biodegradable Plastics Market in each of the geographical segments thereby providing insight into a market share of the countries. Based on Type, The starch-based segment is expected to dominate the market with the growth of 10.4% CAGR during the forecast period. Starch-based plastics are widely used in end-consumer industries such as automobiles, agriculture and packaging. Moreover, starch-based are used as an alternative for petroleum-based polymers & is highly degradable hence, widely utilized in reducing the carbon footprint. The PLA plastics are also growing rapidly especially in the European region mainly due to the reasonable price of PLA in comparison to any other type is a prime factor driving the growth. Based on Application, packaging industry generated the largest revenue of xx Mn. in 2022 and is estimated to grow at CAGR of xx% in forecast period. The leading factor driving the growth is boosting demand and usage of biodegradable Plastics packaging in textiles, consumer goods, food & beverage, textiles and pharmaceuticals industries extending the market growth over the forecasted period. Furthermore, changing lifestyle & growing awareness among farmers towards the greenhouse for vegetables and fruits production further supported the utilization of biodegradable plastics in agriculture.Geographical Analysis
Europe was dominant market with market share of 53.45% in 2022 and is anticipated to reach US$ xx Bn. by 2029, at a CAGR of xx%. The dominances is mainly due to growing population, changing lifestyle and presence of key manufacturing companies coupled with rising concerns toward plastic waste. APAC is projected to have a healthy growth and is growing at the fastest rate over the forecast due to presence of emerging countries such as China and India with easy availability & rising popularity towards ecofriendly biodegradable product is attribute significant growth in the market over the next seven years. In 2022, market size stood at US$ xx Bn in while in China, market size was valued xx Bn and expected to increase by US$ X.30 Bn in coming yearsCompetitive Analysis Biodegradable Plastics Market:
The report of Global Biodegradable Plastics Market analysis includes information of detailed analysis leading manufacturer’s, prominent vendors and upcoming trends & challenges that will influence market growth. Further, the adoption of variant strategic business activities such as acquisitions, mergers, collaboration, etc. are estimated to create productive opportunities for the global market over the forecast period. As per report, some major prominent players in Biodegradable Plastics Market are Nature Works, BASF SE, and Total Corbion PLA The objective of the report is to present a comprehensive analysis of the Global Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Market dynamics, structure by analyzing the market segments and projects the Global Market size. Clear representation of competitive analysis of key players By Pathogen Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Market make the report investor’s guideBiodegradable Plastics Market Scope: Inquire before buying
Biodegradable Plastics Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 3.02 Bn. Forecast Period 2023 to 2029 CAGR: 15.1 % Market Size in 2029: US $ 8.10 Bn. Segments Covered: by Type Starch Blends Polybutylene Succinate PBS Polylactide PLA Polybutylene adipate/terephthalate PBAT Polyhydroxyalkanoates PHA Others (Cellulose Derivatives and Regenerated Cellulose) by Application Packaging & Bags Consumer Goods Agriculture & Horticulture Textile Others (Automotive and Building & Constructio Biodegradable Plastics Market, By Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Key Players:
1. NatureWorks 2. BASF 3. Total Corbion PLA 4. Mitsubishi Chemical 5. Biome Bioplastics 6. Plantic Technologies 7. Bio-On 8. Danimer Scientific 9. Novamont S.p.A 10. Toray Industries 11. DowDuPont Inc 12. Eastman Chemical Company 13. Mondi PLC 14. Amcor Limited 15. Kruger Inc. 16. Tetra Pak International SA 17. Plastic Suppliers Inc. 18. Stora Enso 19. WestRock 20. Archer Daniels Midland 21. Perstorp, K.D 22. FEDDERSEN 23. UrthPact, LLC 24. Indochine Bio Plastiques (ICBP) Sdn. Bhd.d. Frequently Asked Questions: 1] What segments are covered in the Biodegradable Plastics Market report? Ans. The segments covered in the Biodegradable Plastics Market report are based on Product, and Application. 2] Which region is expected to hold the highest share in the Biodegradable Plastics Market? Ans. The Asia Pacific region is expected to hold the highest share in the Biodegradable Plastics Market. 3] What is the market size of the Biodegradable Plastics Market by 2029? Ans. The market size of the Biodegradable Plastics Market by 2029 is US$ 8.10 Bn. 4] What is the forecast period for the Biodegradable Plastics Market? Ans. The forecast period for the Biodegradable Plastics Market is 2023-2029. 5] What was the market size of the Biodegradable Plastics Market in 2022? Ans. The market size of the Biodegradable Plastics Market in 2022 was US$ 3.02 Bn.
1. Biodegradable Plastics Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Biodegradable Plastics Market: Dynamics 2.1. Biodegradable Plastics Market Trends by Region 2.1.1. North America Biodegradable Plastics Market Trends 2.1.2. Europe Biodegradable Plastics Market Trends 2.1.3. Asia Pacific Biodegradable Plastics Market Trends 2.1.4. Middle East and Africa Biodegradable Plastics Market Trends 2.1.5. South America Biodegradable Plastics Market Trends 2.2. Biodegradable Plastics Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Biodegradable Plastics Market Drivers 2.2.1.2. North America Biodegradable Plastics Market Restraints 2.2.1.3. North America Biodegradable Plastics Market Opportunities 2.2.1.4. North America Biodegradable Plastics Market Challenges 2.2.2. Europe 2.2.2.1. Europe Biodegradable Plastics Market Drivers 2.2.2.2. Europe Biodegradable Plastics Market Restraints 2.2.2.3. Europe Biodegradable Plastics Market Opportunities 2.2.2.4. Europe Biodegradable Plastics Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Biodegradable Plastics Market Drivers 2.2.3.2. Asia Pacific Biodegradable Plastics Market Restraints 2.2.3.3. Asia Pacific Biodegradable Plastics Market Opportunities 2.2.3.4. Asia Pacific Biodegradable Plastics Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Biodegradable Plastics Market Drivers 2.2.4.2. Middle East and Africa Biodegradable Plastics Market Restraints 2.2.4.3. Middle East and Africa Biodegradable Plastics Market Opportunities 2.2.4.4. Middle East and Africa Biodegradable Plastics Market Challenges 2.2.5. South America 2.2.5.1. South America Biodegradable Plastics Market Drivers 2.2.5.2. South America Biodegradable Plastics Market Restraints 2.2.5.3. South America Biodegradable Plastics Market Opportunities 2.2.5.4. South America Biodegradable Plastics Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Biodegradable Plastics Industry 2.8. Analysis of Government Schemes and Initiatives For Biodegradable Plastics Industry 2.9. Biodegradable Plastics Market Trade Analysis 2.10. The Global Pandemic Impact on Biodegradable Plastics Market 3. Biodegradable Plastics Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 3.1.1. Starch Blends 3.1.2. Polybutylene Succinate PBS 3.1.3. Polylactide PLA 3.1.4. Polybutylene adipate/terephthalate PBAT 3.1.5. Polyhydroxyalkanoates PHA 3.1.6. Others (Cellulose Derivatives and Regenerated Cellulose) 3.2. Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 3.2.1. Packaging & Bags 3.2.2. Consumer Goods 3.2.3. Agriculture & Horticulture 3.2.4. Textile 3.2.5. Others (Automotive and Building & Construction) 3.3. Biodegradable Plastics Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Biodegradable Plastics Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 4.1.1. Starch Blends 4.1.2. Polybutylene Succinate PBS 4.1.3. Polylactide PLA 4.1.4. Polybutylene adipate/terephthalate PBAT 4.1.5. Polyhydroxyalkanoates PHA 4.1.6. Others (Cellulose Derivatives and Regenerated Cellulose) 4.2. North America Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 4.2.1. Packaging & Bags 4.2.2. Consumer Goods 4.2.3. Agriculture & Horticulture 4.2.4. Textile 4.2.5. Others (Automotive and Building & Construction) 4.3. North America Biodegradable Plastics Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 4.3.1.1.1. Starch Blends 4.3.1.1.2. Polybutylene Succinate PBS 4.3.1.1.3. Polylactide PLA 4.3.1.1.4. Polybutylene adipate/terephthalate PBAT 4.3.1.1.5. Polyhydroxyalkanoates PHA 4.3.1.1.6. Others (Cellulose Derivatives and Regenerated Cellulose) 4.3.1.2. United States Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Packaging & Bags 4.3.1.2.2. Consumer Goods 4.3.1.2.3. Agriculture & Horticulture 4.3.1.2.4. Textile 4.3.1.2.5. Others (Automotive and Building & Construction) 4.3.2. Canada 4.3.2.1. Canada Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 4.3.2.1.1. Starch Blends 4.3.2.1.2. Polybutylene Succinate PBS 4.3.2.1.3. Polylactide PLA 4.3.2.1.4. Polybutylene adipate/terephthalate PBAT 4.3.2.1.5. Polyhydroxyalkanoates PHA 4.3.2.1.6. Others (Cellulose Derivatives and Regenerated Cellulose) 4.3.2.2. Canada Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Packaging & Bags 4.3.2.2.2. Consumer Goods 4.3.2.2.3. Agriculture & Horticulture 4.3.2.2.4. Textile 4.3.2.2.5. Others (Automotive and Building & Construction) 4.3.3. Mexico 4.3.3.1. Mexico Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 4.3.3.1.1. Starch Blends 4.3.3.1.2. Polybutylene Succinate PBS 4.3.3.1.3. Polylactide PLA 4.3.3.1.4. Polybutylene adipate/terephthalate PBAT 4.3.3.1.5. Polyhydroxyalkanoates PHA 4.3.3.1.6. Others (Cellulose Derivatives and Regenerated Cellulose) 4.3.3.2. Mexico Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Packaging & Bags 4.3.3.2.2. Consumer Goods 4.3.3.2.3. Agriculture & Horticulture 4.3.3.2.4. Textile 4.3.3.2.5. Others (Automotive and Building & Construction) 5. Europe Biodegradable Plastics Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 5.2. Europe Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 5.3. Europe Biodegradable Plastics Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 5.3.1.2. United Kingdom Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 5.3.2.2. France Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 5.3.3.2. Germany Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 5.3.4.2. Italy Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 5.3.5.2. Spain Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 5.3.6.2. Sweden Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 5.3.7.2. Austria Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 5.3.8.2. Rest of Europe Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Biodegradable Plastics Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Biodegradable Plastics Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 6.3.1.2. China Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 6.3.2.2. S Korea Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 6.3.3.2. Japan Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 6.3.4.2. India Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 6.3.5.2. Australia Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 6.3.6.2. Indonesia Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 6.3.7.2. Malaysia Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 6.3.8.2. Vietnam Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 6.3.9.2. Taiwan Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Biodegradable Plastics Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Biodegradable Plastics Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 7.3.1.2. South Africa Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 7.3.2.2. GCC Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 7.3.3.2. Nigeria Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 7.3.4.2. Rest of ME&A Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 8. South America Biodegradable Plastics Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 8.2. South America Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 8.3. South America Biodegradable Plastics Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 8.3.1.2. Brazil Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 8.3.2.2. Argentina Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Biodegradable Plastics Market Size and Forecast, by Type (2022-2029) 8.3.3.2. Rest Of South America Biodegradable Plastics Market Size and Forecast, by Application (2022-2029) 9. Global Biodegradable Plastics Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Biodegradable Plastics Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. NatureWorks 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. BASF 10.3. Total Corbion PLA 10.4. Mitsubishi Chemical 10.5. Biome Bioplastics 10.6. Plantic Technologies 10.7. Bio-On 10.8. Danimer Scientific 10.9. Novamont S.p.A 10.10. Toray Industries 10.11. DowDuPont Inc 10.12. Eastman Chemical Company 10.13. Mondi PLC 10.14. Amcor Limited 10.15. Kruger Inc. 10.16. Tetra Pak International SA 10.17. Plastic Suppliers Inc. 10.18. Stora Enso 10.19. WestRock 10.20. Archer Daniels Midland 10.21. Perstorp, K.D 10.22. FEDDERSEN 10.23. UrthPact, LLC 10.24. Indochine Bio Plastiques (ICBP) Sdn. Bhd.d. 11. Key Findings 12. Industry Recommendations 13. Biodegradable Plastics Market: Research Methodology 14. Terms and Glossary