Global Biodegradable Plastics Market Size Study, by Type (PLA, Starch Blends, PBAT, PHA, PBS, Cellulose Based), by End Use Industry (Packaging, Consumer Goods, Textiles, Agriculture & Horticulture), and Regional Forecasts 2022-2032

Description

The Global Biodegradable Plastics Market, valued at approximately USD 7.68 billion in 2023, is projected to grow at an impressive compound annual growth rate (CAGR) of 25.50% from 2024 to 2032. Biodegradable plastics, derived from renewable sources or engineered for accelerated degradation, are revolutionizing industries such as packaging, agriculture, textiles, and consumer goods. These plastics offer a sustainable alternative to conventional plastics, addressing the global challenge of plastic waste management while meeting rising consumer demands for eco-friendly products. The widespread adoption of biodegradable materials reflects a growing commitment to sustainability and environmental stewardship across the globe.

The surging awareness of environmental degradation caused by traditional plastics is a critical factor propelling the growth of this market. Governments worldwide are imposing stringent regulations on single-use plastics, incentivizing industries to transition to biodegradable options. Technological advancements in production processes have enabled the development of high-performance biodegradable plastics, such as PLA and PHA, offering enhanced strength, durability, and versatility. However, challenges such as high production costs and limited infrastructure for composting and recycling could hamper market expansion. Nevertheless, increasing investments in research and development, coupled with government initiatives supporting circular economy models, are expected to drive significant market growth.

Regionally, the biodegradable plastics market exhibits diverse growth dynamics. Europe holds a dominant position, driven by robust regulations promoting green alternatives and strong consumer preference for sustainable packaging solutions. North America is also a key contributor, with technological innovations and corporate sustainability commitments fueling demand. Meanwhile, the Asia-Pacific region is poised to experience the fastest growth, owing to rising industrialization, urbanization, and government efforts to mitigate plastic pollution. Countries like China, India, and Japan are investing heavily in biodegradable technologies, unlocking vast opportunities for market players in these regions.

As industries pivot toward greener practices, the biodegradable plastics market is evolving rapidly. Collaborative efforts between stakeholders, including polymer manufacturers, end-user industries, and research institutions, are fostering innovation and scalability. The integration of advanced technologies, such as nanotechnology and bio-based feedstocks, is enhancing the properties and performance of biodegradable plastics, making them increasingly viable for diverse applications. This market is not only addressing pressing environmental challenges but also shaping the future of sustainable manufacturing and consumption.

Major market players included in this report are:

BASF SE
NatureWorks LLC
TotalEnergies Corbion
Mitsubishi Chemical Holdings Corporation
Novamont S.p.A.
Plantic Technologies Limited
Biome Bioplastics Ltd.
Danimer Scientific
FKuR Kunststoff GmbH
Toray Industries, Inc.
Evonik Industries AG
Eastman Chemical Company
PTT Global Chemical Public Company Limited
Corbion N.V.
Dow Inc.

The detailed segments and sub-segments of the market are explained below:

By Type:

PLA
Starch Blends
PBAT
PHA
PBS
Cellulose Based

By End Use Industry:

Packaging
Consumer Goods
Textiles
Agriculture & Horticulture

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

Comprehensive market estimates and forecasts spanning 2022 to 2032.
Regional analysis with country-level insights.
Detailed segmentation by type and end-use industry.
Profiles of leading market players and their strategies.
Actionable recommendations for stakeholders to leverage growth opportunities in the biodegradable plastics market.

Chapter 1. Global Biodegradable Plastics Market Executive Summary

1.1. Global Biodegradable Plastics Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By End Use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Biodegradable Plastics Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Biodegradable Plastics Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Global Population and Food Demand
- 3.1.2. Advances in Material Science for High-Performance Films
- 3.1.3. Growing Emphasis on Sustainable Farming Practices
3.2. Market Challenges
- 3.2.1. Environmental Concerns Related to Plastic Waste
- 3.2.2. High Cost of Advanced Film Technologies
3.3. Market Opportunities
- 3.3.1. Development of Reclaim and Biodegradable Films
- 3.3.2. Strategic Collaborations and Partnerships
- 3.3.3. Technological Innovations in Film Production

Chapter 4. Global Biodegradable Plastics Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Biodegradable Plastics Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Biodegradable Plastics Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. PLA
- 5.2.2. Starch Blends
- 5.2.3. PBAT
- 5.2.4. PHA
- 5.2.5. PBS
- 5.2.6. Cellulose Based

Chapter 6. Global Biodegradable Plastics Market Size & Forecasts by End Use Industry 2022-2032

6.1. Segment Dashboard
6.2. Global Biodegradable Plastics Market: End Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Packaging
- 6.2.2. Consumer Goods
- 6.2.3. Textiles
- 6.2.4. Agriculture & Horticulture

Chapter 7. Global Biodegradable Plastics Market Size & Forecasts by Region 2022-2032

7.1. North America Biodegradable Plastics Market
- 7.1.1. U.S. Biodegradable Plastics Market
  - 7.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. End Use Industry Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Biodegradable Plastics Market
7.2. Europe Biodegradable Plastics Market
- 7.2.1. UK Biodegradable Plastics Market
- 7.2.2. Germany Biodegradable Plastics Market
- 7.2.3. France Biodegradable Plastics Market
- 7.2.4. Spain Biodegradable Plastics Market
- 7.2.5. Italy Biodegradable Plastics Market
- 7.2.6. Rest of Europe Biodegradable Plastics Market
7.3. Asia-Pacific Biodegradable Plastics Market
- 7.3.1. China Biodegradable Plastics Market
- 7.3.2. India Biodegradable Plastics Market
- 7.3.3. Japan Biodegradable Plastics Market
- 7.3.4. Australia Biodegradable Plastics Market
- 7.3.5. South Korea Biodegradable Plastics Market
- 7.3.6. Rest of Asia-Pacific Biodegradable Plastics Market
7.4. Latin America Biodegradable Plastics Market
- 7.4.1. Brazil Biodegradable Plastics Market
- 7.4.2. Mexico Biodegradable Plastics Market
- 7.4.3. Rest of Latin America Biodegradable Plastics Market
7.5. Middle East & Africa Biodegradable Plastics Market
- 7.5.1. Saudi Arabia Biodegradable Plastics Market
- 7.5.2. South Africa Biodegradable Plastics Market
- 7.5.3. Rest of Middle East & Africa Biodegradable Plastics Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. NatureWorks LLC
- 8.1.3. TotalEnergies Corbion
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. NatureWorks LLC
- 8.3.3. TotalEnergies Corbion
- 8.3.4. Mitsubishi Chemical Holdings Corporation
- 8.3.5. Novamont S.p.A.
- 8.3.6. Plantic Technologies Limited
- 8.3.7. Biome Bioplastics Ltd.
- 8.3.8. Danimer Scientific
- 8.3.9. FKuR Kunststoff GmbH
- 8.3.10. Toray Industries, Inc.
- 8.3.11. Evonik Industries AG
- 8.3.12. Eastman Chemical Company
- 8.3.13. PTT Global Chemical Public Company Limited
- 8.3.14. Corbion N.V.
- 8.3.15. Dow Inc.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes