Biodegradable Plastics Market : Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Biodegradable Plastics Market: By Product (PLA, PHA, PBS, PBAT, Starch Based, Polycaprolactone, others), By Application (Packaging, Consumer Goods, Textiles, Agriculture & Horticulture, Others), and Geography

 

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Report

Description

Biodegradable Plastics Market size was valued at USD 2.76 billion in 2021 and is expected to reach USD 8.42 billion by 2028, at a CAGR of 19.2% during the forecast period 2022-2028. Factors such as customers shifting preferences towards eco-friendly plastic products, rising demand for biodegradable plastics in agricultural and packaging sectors are fuelling the growth of the market. However, high cost of biodegradable plastics compared to that of conventional plastics and lack of technology are restricting the market growth. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

Biodegradable Plastics Market

MARKET SUMMARY
-
19.2% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 19.2%
  • Largest Market– Europe
  • Fastest Growing Market– Asia-Pacific

Biodegradable Plastics Market

  • The report on global biodegradable plastics market gives historical, current and future market sizes (US$ Bn) based on type, application, end user and region.
  • biodegradable plastics market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the global biodegradable plastics market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global biodegradable plastics products.
Key Players
  • BASF SE
  • Natureworks
  • Total Corbion PLA
  • Toray Industries
  • Plantic Technologies
Biodegradable Plastics Market

Drivers And Restraints

Governments prohibiting the use of single-use plastic among public regarding ill-effects of plastic waste is stimulating market growth. The stringent regulations by various governments and federal agencies with an objective to reduce plastic waste and promote biodegradable plastics usage in packaging are boosting the demand of this market. The regulations related to green packaging is increasing. As a result, various FMCG companies are required to adopt biodegradable packaging to comply with the standards, which in turn, is propelling the growth of this market.


Asia-Pacific got significant share

Biodegradable Plastics Market

Asia Pacific accounted for larger revenue share in global Biodegradable Plastics market with considerable CAGR. XX. Asia Pacific witnessed steady growth in the market and the growth of this region is due to increasing disposable income of the people, easy accessibility of raw materials used to manufacture biodegradable plastics and India and China being the most promising economies in the world.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Biodegradable Plastics Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Executive Summary
2. Biodegradable Plastics Market Introduction
2.1. Biodegradable Plastics Market – Taxonomy
2.2. Biodegradable Plastics Market –Definitions
2.2.1. By Product
2.2.2. By Application
3. Biodegradable Plastics Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Biodegradable Plastics Market Dynamic Factors – Impact Analysis
3.6. Biodegradable Plastics Market – Competition Landscape
4. Biodegradable Plastics Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Biodegradable Plastics Market, By Product, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1. PLA
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. PHA
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. PBS
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. PBAT
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Starch Based
5.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
5.6. Polycaprolactone
5.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.6.3. Market Opportunity Analysis
5.7. others
5.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.7.3. Market Opportunity Analysis
6. Biodegradable Plastics Market Forecast, By Application, 2017 – 2021 and Forecast, 2022 – 2028
6.1. Packaging
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Consumer Goods
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Textiles
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Agriculture & Horticulture
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Others
6.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Biodegradable Plastics Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1. Indonesia
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Philippines
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Singapore
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Thailand & Vietnam
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Malaysia
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Rest of SEA
7.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Biodegradable Plastics Market – Opportunity Analysis Index, By Product, Application, and Country, 2022 – 2028
8. Indonesia Biodegradable Plastics Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1. By Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. PLA
8.1.2. PHA
8.1.3. PBS
8.1.4. PBAT
8.1.5. Starch Based
8.1.6. Polycaprolactone
8.1.7. others
8.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.2.1. Packaging
8.2.2. Consumer Goods
8.2.3. Textiles
8.2.4. Agriculture & Horticulture
8.2.5. Others
8.3. Indonesia Biodegradable Plastics Market – Opportunity Analysis Index, By Product and Application, 2022 – 2028
8.4. Indonesia Biodegradable Plastics Market Dynamics – Trends
9. Philippines Biodegradable Plastics Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1. By Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. PLA
9.1.2. PHA
9.1.3. PBS
9.1.4. PBAT
9.1.5. Starch Based
9.1.6. Polycaprolactone
9.1.7. others
9.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Packaging
9.2.2. Consumer Goods
9.2.3. Textiles
9.2.4. Agriculture & Horticulture
9.2.5. Others
9.3. Philippines Biodegradable Plastics Market – Opportunity Analysis Index, By Product and Application, 2022 – 2028
9.4. Philippines Biodegradable Plastics Market Dynamics – Trends
10. Singapore Biodegradable Plastics Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1. By Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. PLA
10.1.2. PHA
10.1.3. PBS
10.1.4. PBAT
10.1.5. Starch Based
10.1.6. Polycaprolactone
10.1.7. others
10.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Packaging
10.2.2. Consumer Goods
10.2.3. Textiles
10.2.4. Agriculture & Horticulture
10.2.5. Others
10.3. Singapore Biodegradable Plastics Market – Opportunity Analysis Index, By Product and Application, 2022 – 2028
10.4. Singapore Biodegradable Plastics Market Dynamics – Trends
11. THAILAND & VIETNAM Biodegradable Plastics Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
11.1. By Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. PLA
11.1.2. PHA
11.1.3. PBS
11.1.4. PBAT
11.1.5. Starch Based
11.1.6. Polycaprolactone
11.1.7. others
11.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Packaging
11.2.2. Consumer Goods
11.2.3. Textiles
11.2.4. Agriculture & Horticulture
11.2.5. Others
11.3. THAILAND & VIETNAM Biodegradable Plastics Market – Opportunity Analysis Index, By Product and Application, 2022 – 2028
11.4. THAILAND & VIETNAM Biodegradable Plastics Market Dynamics – Trends
12. Malaysia Biodegradable Plastics Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
12.1. By Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. PLA
12.1.2. PHA
12.1.3. PBS
12.1.4. PBAT
12.1.5. Starch Based
12.1.6. Polycaprolactone
12.1.7. others
12.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Packaging
12.2.2. Consumer Goods
12.2.3. Textiles
12.2.4. Agriculture & Horticulture
12.2.5. Others
12.3. Malaysia Biodegradable Plastics Market – Opportunity Analysis Index, By Product and Application, 2022 – 2028
12.4. Malaysia Biodegradable Plastics Market Dynamics – Trends
13. Rest of SEA Biodegradable Plastics Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
13.1. By Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. PLA
13.1.2. PHA
13.1.3. PBS
13.1.4. PBAT
13.1.5. Starch Based
13.1.6. Polycaprolactone
13.1.7. others
13.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Packaging
13.2.2. Consumer Goods
13.2.3. Textiles
13.2.4. Agriculture & Horticulture
13.2.5. Others
13.3. Rest of SEA Biodegradable Plastics Market – Opportunity Analysis Index, By Product and Application, 2022 – 2028
13.4. Rest of SEA Biodegradable Plastics Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. NatureWorks
14.2.2. BASF SE
14.2.3. Total Corbion PLA
14.2.4. Mitsubishi Chemical Corporation
14.2.5. Biome Bioplastics
14.2.6. Bio-On
14.2.7. Novamont S.P.A
14.2.8. Plantic Technologies
14.2.9. Danimer Scientific
14.2.10. Toray Industries
15. Research Methodology
16. Key Assumptions and Acronyms

Report

Company Profile

  • BASF SE
  • Natureworks
  • Total Corbion PLA
  • Toray Industries
  • Plantic Technologies
  • Novamont S.P.A.
  • Mitsubishi Chemical Corporation
  • Danimer Scientific
  • Bio-On
  • Biome Bioplastics

Description

Biodegradable Plastics Market size was valued at USD 2.76 billion in 2021 and is expected to reach USD 8.42 billion by 2028, at a CAGR of 19.2% during the forecast period 2022-2028. Factors such as customers shifting preferences towards eco-friendly plastic products, rising demand for biodegradable plastics in agricultural and packaging sectors are fuelling the growth of the market. However, high cost of biodegradable plastics compared to that of conventional plastics and lack of technology are restricting the market growth. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

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