Biodegradable Plastics Global Market Report 2024

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

Name: Biodegradable Plastics Global Market Report 2024
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Biodegradable Plastics Global Market Report 2024

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Biodegradable Plastics Market Definition

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.

Biodegradable Plastics Market Segmentation

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

Global Biodegradable Plastics Market Size 2023 to 2028: Graph

Biodegradable Plastics Market Size 2024 And Growth Rate

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.

Biodegradable Plastics Market Growth Forecast

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.

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Biodegradable Plastics Market Driver: 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.

Biodegradable Plastics Market Driver: 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.

Global Biodegradable Plastics Market Major Players

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.

Global Biodegradable Plastics Market Trend: 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.

Global Biodegradable Plastics Market Trend: 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.

Biodegradable Plastics Market Merger And Acquisition: 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 and 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.

Regional Analysis For The Global Biodegradable Plastics Market

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 Report Forecast And Analysis

Report Attribute	Details
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	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, 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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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?

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

The biodegradable plastics market major growth driver - Rising Environmental Concerns Propel Growth In The Biodegradable Plastics Market. For further insights on the biodegradable plastics market, request a sample here

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

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. For further insights on the biodegradable plastics market, request a sample here

How is the biodegradable plastics market segmented?

The biodegradable plastics market 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, OthersFor further insights on the biodegradable plastics market, request a sample here

Which region has the largest share of the biodegradable plastics market? What are the other regions covered in the report?

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. For further insights on the biodegradable plastics market, request a sample here.

Who are the major players in the biodegradable plastics market?

What are the key trends in the biodegradable plastics market?

Major trend in the biodegradable plastics market - Innovative Biodegradable Plastic Products Emerge As Key Trend In Market. For further insights on the biodegradable plastics market, request a sample here.

What are the major opportunities in the biodegradable plastics market? What are the strategies for the biodegradable plastics market?

For detailed insights on the major opportunities and strategies in the biodegradable plastics market, request a sample here.

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

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What are the latest mergers and acquisitions in the biodegradable plastics industry?

For detailed insights on the mergers and acquisitions in the biodegradable plastics industry, request a sample here.

What are the key dynamics influencing the biodegradable plastics market growth? SWOT analysis of the biodegradable plastics market.

For detailed insights on the key dynamics influencing the biodegradable plastics market growth and SWOT analysis of the biodegradable plastics industry, request a sample here.