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

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Global Biodegradable Plastics Market: By Type (PBAT, PBS, PHA, Starch Based, PLA and Others), By End User (Packaging, Consumer Durables, Agriculture and Others), and Geography

 

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Report

Description

The global biodegradable plastics market size valued USD 2.76 billion in 2021 and 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

Key Findings of the Report

  • Global market expanding at significant CAGR over 2022 to 2028 owing to growing usage of biodegradable plastics in agricultural and packaging sectors.
  • Based on type, PLA segment accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global biodegradable plastics market

Key

Key Features of the Report

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

Table of Content

  1. Executive Summary
  2. Global Biodegradable Plastics Market Introduction
    • Global Biodegradable Plastics Market – Taxonomy
    • Global Biodegradable Plastics Market –Definitions
      • Type
      • End User
  1. Global Biodegradable Plastics Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Biodegradable Plastics Market Dynamic Factors – Impact Analysis
    • Global Biodegradable Plastics Market – Competition Landscape
  2. Global Biodegradable Plastics Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Biodegradable Plastics Market, By Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Polybutylene Adipate Terephthalate (PBAT)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polybutylene Succinate (PBS)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polyhydroxyalkanoates (PHAs)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Starch Based
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polylactic Acid (PLA)
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Biodegradable Plastics Market, By End User, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Packaging
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Consumer Durables
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Agriculture
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Biodegradable Plastics Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Biodegradable Plastics Market – Opportunity Analysis Index, By Type, End User, and Region, 2020 – 2026
  2. North America Biodegradable Plastics Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polybutylene Adipate Terephthalate (PBAT)
      • Polybutylene Succinate (PBS)
      • Polyhydroxyalkanoates (PHAs)
      • Starch Based
      • Polylactic Acid (PLA)
      • Others
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Packaging
      • Consumer Durables
      • Agriculture
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Biodegradable Plastics Market – Opportunity Analysis Index, By Type, End User, and Region, 2020 – 2026
    • North America Biodegradable Plastics Market Dynamics – Trends
  3. Europe Biodegradable Plastics Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polybutylene Adipate Terephthalate (PBAT)
      • Polybutylene Succinate (PBS)
      • Polyhydroxyalkanoates (PHAs)
      • Starch Based
      • Polylactic Acid (PLA)
      • Others
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Packaging
      • Consumer Durables
      • Agriculture
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Biodegradable Plastics Market – Opportunity Analysis Index, By Type, End User, and Region, 2020 – 2026
    • Europe Biodegradable Plastics Market Dynamics – Trends
  4. Asia-Pacific Biodegradable Plastics Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polybutylene Adipate Terephthalate (PBAT)
      • Polybutylene Succinate (PBS)
      • Polyhydroxyalkanoates (PHAs)
      • Starch Based
      • Polylactic Acid (PLA)
      • Others
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Packaging
      • Consumer Durables
      • Agriculture
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Biodegradable Plastics Market – Opportunity Analysis Index, By Type, End User, and Region, 2020 – 2026
    • Asia-Pacific Biodegradable Plastics Market Dynamics – Trends
  5. Latin America Biodegradable Plastics Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polybutylene Adipate Terephthalate (PBAT)
      • Polybutylene Succinate (PBS)
      • Polyhydroxyalkanoates (PHAs)
      • Starch Based
      • Polylactic Acid (PLA)
      • Others
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Packaging
      • Consumer Durables
      • Agriculture
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Biodegradable Plastics Market – Opportunity Analysis Index, By Type, End User, and Region, 2020 – 2026
    • Latin America Biodegradable Plastics Market Dynamics – Trends
  6. Middle East and Africa Biodegradable Plastics Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polybutylene Adipate Terephthalate (PBAT)
      • Polybutylene Succinate (PBS)
      • Polyhydroxyalkanoates (PHAs)
      • Starch Based
      • Polylactic Acid (PLA)
      • Others
    • End User Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Packaging
      • Consumer Durables
      • Agriculture
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Biodegradable Plastics Market – Opportunity Analysis Index, By Type, End User, Instrument Portability, End User and Region, 2020 – 2026
    • MEA Biodegradable Plastics Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Instrument Portability & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • BASF SE
      • Natureworks
      • Total Corbion PLA
      • Toray Industries
      • Plantic Technologies
      • Novamont S.P.A.
      • Mitsubishi Chemical Corporation
      • Danimer Scientific
      • Bio-On
      • Biome Bioplastics
  8. Research Methodology
  9. 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

The global biodegradable plastics market size valued USD 2.76 billion in 2021 and 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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