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PUBLISHER: Grand View Research | PRODUCT CODE: 1529711
PUBLISHER: Grand View Research | PRODUCT CODE: 1529711
Biodegradable Plastic Market Size, Share & Trends Analysis Report By Process (Starch Blends, Polylactic Acid), By End-use, By Region, And Segment Forecasts, 2024 - 2030
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Biodegradable Plastic Market Growth & Trends:
The global biodegradable plastic market size is expected to reach USD 10.04 billion by 2030, registering a CAGR of 9.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing use of biodegradable plastics, owing to strict governmental laws prohibiting the use of conventional plastics, coupled with growing awareness among the public towards the ill effects of plastic waste is stoking the growth of the market. The above factors are expected to spur market growth during the forecast period.
Biodegradable plastics are plastics that decompose in the environment within a reasonable period. Biodegradable plastics are made up of renewable raw materials. Many of these plastics require biodegradable additives to enhance the biodegradation process and some may require a specific environment to disintegrate. Time taken by plastics to decompose depends upon various factors such as raw materials used and environmental conditions such as moisture and temperature.
The starch-based segment leads the global market. Starch-based plastics are used in various applications such as packaging, consumer electronics, agriculture, automotive, and textiles. PLA is also one of the most consumed biodegradable plastic-type. It is used in 3D printing, mulch film, and packaging.
Packaging is the leading application of biodegradable plastics. A ban on plastics by European Commission is anticipated to drive the segment during the forecast period. Novel applications of biodegradable plastics in the medical sector for drug encapsulation and medical surgeries are being increasingly practiced.
Around the world, people are facing grave issues of plastic waste as conventional plastics take hundreds of years to decompose. To tackle this, issue several countries have banned the use of single-use plastic products and are promoting the use of eco-friendly biodegradable plastics. Ban of non-reusable conventional plastics in many regions around the globe, especially in Europe and North America is estimated to propel the market. Additionally, improving the standard of living and increasing disposable income in developing countries are likely to augur well for the market in the Asia Pacific and Central & South America.
Key players are investing in research and development activities to create improved products that are strong and can be easily decomposed in the natural environment. Many the companies have integrated the value chain to serve customers better and improve the profits of the company
Biodegradable Plastic Market Report Highlights:
- The polylactic acid (PLA) segment is expected to grow at the fastest CAGR over the forecast period, owing to its strong environmental benefits and wide range of uses.
- Packaging was the largest application segment for biodegradable plastics in 2023 with a revenue share of more than 53.91%.
- Europe is the largest region in terms of value and volume. However, Central & South America is expected to emerge as the fastest-growing region for biodegradable plastics.
Product Code: GVR-2-68038-410-9
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot, 2023
- 2.2. Product Segment Snapshot, 2023
- 2.3. Application Segment Snapshot, 2023
- 2.4. Competitive Landscape Snapshot
Chapter 3. Biodegradable Plastic Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Biodegradable Plastic Market- Business Environment Analysis
- 3.6.1. Porter's Five Force Analysis
- 3.6.2. PESTEL Analysis
Chapter 4. Biodegradable Plastic Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.2. Biodegradable Plastic Market Estimates & Forecast, By Product, 2018 to 2030 (Kilotons) (USD Million)
- 4.3. Starch-based
- 4.3.1. Biodegradable Plastic Market, Estimation and Forecast, by Starch-based, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Polylactic Acid (PLA)
- 4.4.1. Biodegradable Plastic Market, Estimation and Forecast, by PLA, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Polybutylene Adipate Terephthalate (PBAT)
- 4.5.1. Biodegradable Plastic Market, Estimation and Forecast, by PBAT, 2018 - 2030 (Kilotons) (USD Million)
- 4.6. Polybutylene Succinate (PBS)
- 4.6.1. Biodegradable Plastic Market, Estimation and Forecast, by PBS, 2018 - 2030 (Kilotons) (USD Million)
- 4.7. Polyhydroxyalkanoate (PHA)
- 4.7.1. Biodegradable Plastic Market, Estimation and Forecast, by PHA, 2018 - 2030 (Kilotons) (USD Million)
- 4.8. Others
- 4.8.1. Biodegradable Plastic Market, Estimation and Forecast, by Others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Biodegradable Plastic Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. Biodegradable Plastic Market Estimates & Forecast, By Application, 2018 to 2030 (Kilotons) (USD Million)
- 5.3. Packaging
- 5.3.1. Biodegradable Plastic Market, Estimation and Forecast, by Packaging, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Agriculture
- 5.4.1. Biodegradable Plastic Market, Estimation and Forecast, by Agriculture, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Consumer Goods
- 5.5.1. Biodegradable Plastic Market, Estimation and Forecast, by Consumer Goods, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Others
- 5.6.1. Biodegradable Plastic Market, Estimation and Forecast, by Others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Biodegradable Plastic Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 6.2. North America
- 6.2.1. North America Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. Key country dynamics
- 6.2.2.2. U.S. Biodegradable Plastic market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Key country dynamics
- 6.2.3.2. Canada Biodegradable Plastic market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Key country dynamics
- 6.2.4.2. Mexico Biodegradable Plastic market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3. Europe
- 6.3.1. Europe Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.2. Germany
- 6.3.2.1. Key country dynamics
- 6.3.2.2. Germany Biodegradable Plastic market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.3. UK
- 6.3.3.1. Key country dynamics
- 6.3.3.2. UK Biodegradable Plastic market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4. Italy
- 6.3.4.1. Key country dynamics
- 6.3.4.2. Italy Biodegradable Plastic market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5. France
- 6.3.5.1. Key country dynamics
- 6.3.5.2. France Biodegradable Plastic market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.2. China
- 6.4.2.1. Key country dynamics
- 6.4.2.2. China Biodegradable Plastic market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.3. India
- 6.4.3.1. Key country dynamics
- 6.4.3.2. India Biodegradable Plastic market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4. Japan
- 6.4.4.1. Key country dynamics
- 6.4.4.2. Japan Biodegradable Plastic market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5. South Korea
- 6.4.5.1. Key country dynamics
- 6.4.5.2. South Korea Biodegradable Plastic market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Central & South America
- 6.5.1. Central & South America Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Key country dynamics
- 6.5.2.2. Brazil Biodegradable Plastic market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Middles East & Africa Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Key country dynamics
- 6.6.2.2. Saudi Arabia Biodegradable Plastic market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Biodegradable Plastic Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Share/Position Analysis, 2023
- 7.4. Company Heat Map Analysis
- 7.5. Strategy Mapping
- 7.5.1. Expansion
- 7.5.2. Mergers & Acquisition
- 7.5.3. Partnerships & Collaborations
- 7.5.4. New Process Launches
- 7.5.5. Research and Development
- 7.6. Company Profiles
- 7.6.1. Cargill Incorporated
- 7.6.1.1. Participant's overview
- 7.6.1.2. Financial performance
- 7.6.1.3. Process benchmarking
- 7.6.1.4. Recent developments
- 7.6.2. PTT MCC Biochem Co., Ltd.
- 7.6.2.1. Participant's overview
- 7.6.2.2. Financial performance
- 7.6.2.3. Process benchmarking
- 7.6.2.4. Recent developments
- 7.6.3. Biome Technologies plc
- 7.6.3.1. Participant's overview
- 7.6.3.2. Financial performance
- 7.6.3.3. Process benchmarking
- 7.6.3.4. Recent developments
- 7.6.4. Plantic Technologies Limited
- 7.6.4.1. Participant's overview
- 7.6.4.2. Financial performance
- 7.6.4.3. Process benchmarking
- 7.6.4.4. Recent developments
- 7.6.5. BASF SE
- 7.6.5.1. Participant's overview
- 7.6.5.2. Financial performance
- 7.6.5.3. Process benchmarking
- 7.6.5.4. Recent developments
- 7.6.6. Total Corbion PLA
- 7.6.6.1. Participant's overview
- 7.6.6.2. Financial performance
- 7.6.6.3. Process benchmarking
- 7.6.6.4. Recent developments
- 7.6.7. NatureWorks LLC
- 7.6.7.1. Participant's overview
- 7.6.7.2. Financial performance
- 7.6.7.3. Process benchmarking
- 7.6.7.4. Recent developments
- 7.6.8. Eastman Chemical Company
- 7.6.8.1. Participant's overview
- 7.6.8.2. Financial performance
- 7.6.8.3. Process benchmarking
- 7.6.8.4. Recent developments
- 7.6.9. Trineso
- 7.6.9.1. Participant's overview
- 7.6.9.2. Financial performance
- 7.6.9.3. Process benchmarking
- 7.6.9.4. Recent developments
- 7.6.10. Danimer Scientific
- 7.6.10.1. Participant's overview
- 7.6.10.2. Financial performance
- 7.6.10.3. Process benchmarking
- 7.6.10.4. Recent developments
- 7.6.1. Cargill Incorporated
Product Code: GVR-2-68038-410-9
List of Tables
- Table 1 List of abbreviation
- Table 2 Biodegradable plastic market 2018 - 2030 (Kilotons) (USD Million)
- Table 3 Global market estimates and forecasts by region, 2018 - 2030 (Kilotons) (USD Million)
- Table 4 Global market estimates and forecasts by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 5 Global market estimates and forecasts by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 6 Global market estimates and forecasts by region, 2018 - 2030 (Kilotons) (USD Million)
- Table 7 North America biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 8 North America biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 9 U.S. biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 10 U.S. biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 11 Canada biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 12 Canada biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 13 Mexico biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 14 Mexico biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 15 Europe biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 16 Europe biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 17 Germany biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 18 Germany biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 19 UK biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 20 UK biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 21 Italy biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 22 Italy biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 23 France biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 24 France biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 25 Asia Pacific biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 26 Asia Pacific biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 27 China biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 28 China biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 29 India biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 30 India biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 31 Japan biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 32 Japan biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 33 Central & South America biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 34 Central & South America biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 35 Brazil biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 36 Brazil biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 37 Middle East & Africa biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 38 Middle East & Africa biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
- Table 39 Saudi Arabia biodegradable plastic market by product, 2018 - 2030 (Kilotons) (USD Million)
- Table 40 Saudi Arabia biodegradable plastic market by application, 2018 - 2030 (Kilotons) (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Information Procurement
- Fig. 6 Market Formulation and Validation
- Fig. 7 Data Validating & Publishing
- Fig. 8 Market Segmentation & Scope
- Fig. 9 Biodegradable Plastic Market Snapshot
- Fig. 10 Product Segment Snapshot, 2023 (USD Million)
- Fig. 11 Application Segment Snapshot, 2023 (USD Million)
- Fig. 12 Competitive Landscape Snapshot
- Fig. 13 Parent market outlook
- Fig. 14 Biodegradable Plastic Market Value, 2023 (USD Million)
- Fig. 15 Biodegradable Plastic Market - Value Chain Analysis
- Fig. 16 Biodegradable Plastic Market - Market Dynamics
- Fig. 17 Biodegradable Plastic Market - PORTER's Analysis
- Fig. 18 Biodegradable Plastic Market - PESTEL Analysis
- Fig. 19 Biodegradable Plastic Market Estimates & Forecasts, By Product: Key Takeaways
- Fig. 20 Biodegradable Plastic Market Share, By Product, 2023 & 2030
- Fig. 21 Starch-Based Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 22 Polylactic Acid (PLA) Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 23 Polybutylene Adipate Terephthalate (PBAT) Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 24 Polybutylene Succinate (PBS) Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 25 Polyhydroxyalkanoate (PHA)Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 26 Others Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 27 Biodegradable Plastic Market Share, By Application, 2023 & 2030
- Fig. 28 Packaging Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 29 Agriculture Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 30 Consumer Goods Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 31 Others Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 32 Biodegradable Plastic Market Revenue, By Region, 2023 & 2030 (USD Million)
- Fig. 33 North America Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 34 U.S. Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 35 Canada Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 36 Mexico Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 37 Europe Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 38 Germany Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 39 UK Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 40 Italy Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 41 France Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 42 Asia Pacific Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 43 China Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 44 India Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 45 Japan Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 46 Central & South America Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 47 Brazil Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 48 Middle East & Africa Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 49 Saudi Arabia Biodegradable Plastic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 50 Key Company Categorization
- Fig. 51 Company Market Positioning
- Fig. 52 Key Company Market Share Analysis, 2023
- Fig. 53 Strategy Mapping
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