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PUBLISHER: Grand View Research | PRODUCT CODE: 1574856
PUBLISHER: Grand View Research | PRODUCT CODE: 1574856
Compostable Plastics Market Size, Share & Trends Analysis Report By Product, By End-use, By Region, And Segment Forecasts, 2024 - 2030
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Compostable Plastics Market Size & Trends:
The global compostable plastics market size was estimated at USD 2,338.40 million in 2023 and expected to grow at a CAGR of 11.01% from 2024 to 2030. Rising non-degradable plastic pollution globally is increasing the threat of various ill effects caused by this pollution leading to a surge in the demand for compostable plastics to effectively manage plastic pollution.
The demand for compostable plastics is on the rise as industries shift towards sustainable alternatives to conventional plastics. In recent years, both consumers and corporations have prioritized eco-friendly solutions due to increased environmental awareness and stricter regulations. Packaging industries, particularly in food and beverages, are seeing rapid adoption of compostable plastics as companies aim to meet sustainability goals. Brands across sectors are focusing on reducing plastic waste, and compostable options are becoming a preferred choice in retail and hospitality. In addition, technological advancements are improving the quality and durability of these plastics, making them more viable for broader use.
Global Compostable Plastics Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented compostable plastics market report on the basis of product, end-use, and region:
- Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Polylactic Acid
- Starch Blends
- PBAT
- PBS
- Others
- End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Packaging
- Agriculture
- Consumer goods
- Textile
- Automotive & Transportation
- Building & Construction
- Others
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Product Code: GVR-4-68040-473-0
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 Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Compostable Plastics Market Variables, Trends & Scope
- 3.1. Global Compostable Plastics Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Profit Margin Analysis of Key value chain participants
- 3.2.2. Raw Product Trends
- 3.2.3. Raw Product Price Analysis
- 3.3. Technology Overview
- 3.4. Analysis of Potential Sustainable Substitute Product
- 3.5. Impact of Circular Economy
- 3.6. Average Price Trend Analysis, 2018 to 2030 (USD/kg)
- 3.6.1. Key Factors Influencing Pricing
- 3.7. Supply-Demand GAP Analysis, 2023
- 3.8. Regulatory Framework
- 3.8.1. Policies and Incentive Plans
- 3.8.2. Standards and Compliances
- 3.8.3. Regulatory Impact Analysis
- 3.9. Market Dynamics
- 3.9.1. Market Driver Analysis
- 3.9.2. Market Restraint Analysis
- 3.9.3. Industry Challenges
- 3.10. Porter's Five Forces Analysis
- 3.10.1. Supplier Power
- 3.10.2. Buyer Power
- 3.10.3. Substitution Threat
- 3.10.4. Threat from New Entrant
- 3.10.5. Competitive Rivalry
- 3.11. PESTEL Analysis
- 3.11.1. Political Landscape
- 3.11.2. Economic Landscape
- 3.11.3. Social Landscape
- 3.11.4. Technological Landscape
- 3.11.5. Environmental Landscape
- 3.11.6. Legal Landscape
Chapter 4. Compostable Plastics Market: Product Outlook Estimates & Forecasts
- 4.1. Compostable Plastics Market: Product Movement Analysis, 2023 & 2030
- 4.1.1. Polylactic Acid
- 4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.2. Starch Blends
- 4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.3. PBAT
- 4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.4. PBS
- 4.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.5. Others
- 4.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.1. Polylactic Acid
Chapter 5. Compostable Plastics Market: End Use Outlook Estimates & Forecasts
- 5.1. Compostable Plastics Market: End Use Movement Analysis, 2023 & 2030
- 5.1.1. Packaging
- 5.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.2. Agriculture
- 5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.3. Consumer goods
- 5.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.4. Textile
- 5.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.5. Automotive & Transportation
- 5.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.6. Building & Construction
- 5.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.7. Others
- 5.1.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.1. Packaging
Chapter 6. Compostable Plastics Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Compostable Plastics Market: Regional Movement Analysis, 2023 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Europe
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. UK
- 6.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. Germany
- 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. France
- 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7. Italy
- 6.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8. Spain
- 6.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4. China
- 6.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5. India
- 6.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6. Japan
- 6.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7. South Korea
- 6.5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.8. Thailand
- 6.5.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.8.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.8.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Central & South America
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4. Brazil
- 6.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5. Argentina
- 6.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4. Saudi Arabia
- 6.7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5. South Africa
- 6.7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.6. UAE
- 6.7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and channel Partners
- 7.2.3. List of Potential Customers/End-users
- 7.3. Competitive Dynamics
- 7.3.1. Company Market Share Analysis & Market Positioning
- 7.3.2. Competitive Benchmarking
- 7.3.3. Strategy Mapping
- 7.3.4. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Participant's overview
- 7.4.2. Financial performance
- 7.4.3. Product benchmarking
- 7.4.3.1. Total Corbion
- 7.4.3.2. NatureWorks
- 7.4.3.3. BASF
- 7.4.3.4. Evonik Industries AG
- 7.4.3.5. Sulzer Ltd
- 7.4.3.6. Vizag chemical
- 7.4.3.7. Mitsubishi Chemical Corporation
- 7.4.3.8. Entec Polymers
- 7.4.3.9. Fujian Greenjoy Biomaterial Co., Ltd.
- 7.4.3.10. Orinko Advanced Plastics Co., Ltd.
Product Code: GVR-4-68040-473-0
List of Tables
- Table 1. List of Abbreviations
- Table 2. Product market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 3. Polylactic Acid market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 4. Starch Blends market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 5. PBAT market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 6. PBS market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 7. Others market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 8. End use market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 9. Packaging market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 10. Agriculture market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 11. Consumer goods market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 12. Textile market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 13. Automotive & Transportation market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 14. Building & Construction market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Table 15. Other compostable plastics market estimates and forecasts, by product, 2018 - 2030
- Table 16. North America compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 17. North America compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 18. U.S. compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 19. U.S. compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 20. Canada compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 21. Canada compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 22. Mexico compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 23. Mexico compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 24. Europe compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 25. Europe compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 26. UK compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 27. UK compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 28. Germany compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 29. Germany compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 30. France compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 31. France compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 32. Italy compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 33. Italy compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 34. Spain compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 35. Spain compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 36. Asia Pacific compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 37. Asia Pacific compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 38. China compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 39. China compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 40. India compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 41. India compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 42. Japan compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 43. Japan compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 44. South Korea compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 45. South Korea compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 46. Thailand compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 47. Thailand compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 48. Central & South America compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 49. Brazil America compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 50. Brazil compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 51. Argentina compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 52. Argentina compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 53. Middle East & Africa compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 54. Middle East & Africa compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 55. South Africa compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 56. South Africa compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 57. Saudi Arabia compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 58. Saudi Arabia compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- Table 59. UAE compostable plastics market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 60. UAE compostable plastics market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Market snapshot
- Fig. 6 Segmental outlook- Plastic end use, product, and end-use
- Fig. 7 Competitive outlook
- Fig. 8 Value chain analysis
- Fig. 9 Market dynamics
- Fig. 10 Porter's Analysis
- Fig. 11 PESTEL Analysis
- Fig. 12 Compostable Plastics Market, by Product: Key takeaways
- Fig. 13 Compostable Plastics Market, by Product: Market share, 2023 & 2030
- Fig. 14 Compostable Plastics Market, by End Use: Key takeaways
- Fig. 15 Compostable Plastics Market, by End Use: Market share, 2023 & 2030
- Fig. 16 Compostable Plastics Market, by Region: Key takeaways
- Fig. 17 Compostable Plastics Market, by Region: Market share, 2023 & 2030
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