PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1490274
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1490274
Plastic Eating Bacteria Market size was valued at USD 0.259 million in 2023, expanding at a CAGR of 12.10% from 2024 to 2032.
The ability of microorganisms to decompose plastic polymers into their constituent parts is known as plastic-eating or plastic-decomposing bacteria. There are two primary kinds: those that eat polyurethane and those that feed on polyethylene terephthalate (PET). Enzymes that can cleave the ester bonds among PET monomers are employed by bacteria that break down PET. In the meantime, microorganisms that consume polyurethane create polyurethane hydrolases, which aid in the hydrolysis of the urethane bonds found in polyurethane polymers. The need for practical solutions and growing public awareness of plastic pollution are projected to fuel a large increase in the global market for plastic-eating bacteria in the upcoming years.
Plastic Eating Bacteria Market - Market Dynamics
Increasing environmental awareness and government regulations aimed at reducing plastic pollution
Increasing environmental awareness and stringent government regulations aimed at reducing plastic pollution have become crucial in addressing the global plastic waste crisis. One innovative solution that has garnered significant attention is the use of plastic-eating bacteria. Every year, 12 million tonnes of plastic end up in the ocean. Of this, 9.5 million tonnes come from land and 1.75 million tonnes are dumped into the ocean by the shipping and fishing industries. According to UN Environment Programme, global production of primary plastic is forecasted to reach 1,100 million tonnes by 2050. Increased awareness about the detrimental effects of plastic pollution on ecosystems and human health has driven public demand for sustainable alternatives. Educational campaigns, documentaries, and social media movements have played pivotal roles in spreading awareness.
Plastic Eating Bacteria Market - Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 12.10% over the forecast period (2024-2032)
Based on Resin Type segmentation, Polyethylene Terephthalate (PET) was predicted to show maximum market share in the year 2023
Based on Application segmentation, Packaging was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Plastic Eating Bacteria Market is segmented based on Resin Type, Application, End-use Industry, and Region.
The market is divided into three categories based on Resin Type: Polyethylene (PE), Polypropylene (PP) and Polyethylene Terephthalate (PET). Polyethylene Terephthalate (PET) dominates the market. PET is extensively utilized in the manufacturing of textiles, packaging materials, and single-use plastic bottles, which greatly adds to the global plastic pollution problem. As a result, there has been a lot of interest in creating microbes that can effectively break down PET.
The market is divided into Four categories based on Application: Packaging, Consumer Goods, Automotive, and Textiles. The Packaging segment dominated the market and is likely to maintain its dominance during the forecast period. presents substantial prospects for innovation and growth in sustainable packaging solutions, while also reflecting the urgent need to address one of the principal drivers of plastic pollution.
Plastic Eating Bacteria Market - Geographical Insights
North America region dominates the market. The United States and Canada are at the forefront of research and development in the plastic-eating bacteria market. Major players in this region include Calysta (California) and Enzyme Technologies (UK with a presence in North America). Important research is existence channel at academic institutions, such as the University of Texas at Austin, which has developed a PET-degrading enzyme. Plastic-eating bacteria are attracting a lot of attention as a viable remedy due to growing environmental concerns over plastic pollution. Tough environmental laws and policies in the United States and Canada are encouraging the use of cutting-edge waste management techniques, such as bioremediation with microorganisms that break down plastic.
Companies such as Carbios, Biocellection, BioCellection, LanzaTech, etc. collectively hold the largest market share and dictate industry trends. Financials, strategy maps & Resin Types of silicone in electric vehicle companies are analyzed to map the supply network. The market for bacteria that consume plastic and related biotechnologies is still in its infancy, and a variety of participants, including startups, academic institutions, and well-established businesses, are actively engaged in its development and commercialization. For instance, In November 2023, Researchers have created a plastic-eating E. coli strain that is capable of producing adipic acid, an ingredient used to make nylon, medications, and fragrances, from waste polyethylene terephthalate (PET). Their findings were published in ACS Central Science.
In November 2022, SeedLab, in collaboration with the MIT Media Lab Space Exploration Initiative, the National Renewable Energy Laboratory, Weill Cornell Medicine, and Harvard Medical School, announced its decision to send plastic-eating enzymes to the International Space Station for R&D purposes.
GLOBAL PLASTIC EATING BACTERIA MARKET, KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Carbios
Biocellection
LanzaTech
Ioniqa Technologies
Genomatica
Plasticase
University Research Groups
Ideonella sakaiensis
Enzyme Technologies