Product Code: h1579
“Biodegradable Plastics Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global biodegradable plastics market.
This report focuses on biodegradable plastics market which is experiencing strong growth. The report gives a guide to the biodegradable plastics market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Where is the largest and fastest growing market for the biodegradable plastics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Biodegradable Plastics market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider biodegradable plastics market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The biodegradable plastics market section of the report gives context. It compares the biodegradable plastics market with other segments of the biodegradable plastics market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, biodegradable plastics indicators comparison.
Scope
Markets Covered:
- 1) By Type: Polylactic Acid (PLA); Polybutylene Adipate Terephthalate (PBAT); Polybutylene Succinate (PBS); PHA (Polyhydroxyalkanoates); Starch Blends; Other Types
- 2) By End User: Packaging; Agriculture; Consumer goods; Other End-users
- Companies Mentioned: BASF; NatureWorks; BIOME TECHNOLOGIES PLC.; Novamont S.p.A.; Mitsubishi
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Executive Summary
Major players in the biodegradable plastics market are: BASF, NatureWorks, BIOME TECHNOLOGIES PLC., Novamont S.p.A., Mitsubishi, , Biome Bioplastics, Plantic, BIO-ON, Danimer Scientific, Novamont S.p.A, TORAY INDUSTRIES, INC, Kruger Inc., Total Corbion PLA, Perstorp, K.D. FEDDERSEN, UrthPact, LLC, Biotec Pvt. Ltd., BioGreen, CLONDALKIN GROUP, Plantic Technologies Limited , Amcor limited, and Mondi Group.
The global biodegradable plastics market is expected to grow from $3.74 billion in 2021 to $4.21 billion in 2022 at a compound annual growth rate (CAGR) of 12.6%. The market is expected to grow to $7.16 billion in 2026 at a compound annual growth rate (CAGR) of 14.2%.
The biodegradable plastics market consists of sales of biodegradable plastics by entities (organizations, proprietors, partnerships) that are used in the application of organic waste collection and diversion, food packaging, agricultural and horticultural sectors, and disposable tableware. Biodegradable plastics are obtained from petrochemicals that consist of biodegradable additives and are degraded by microorganisms into carbon dioxide, water, and biomass. These can be used in packing materials, injection-molded and others.
The main types of biodegradable plastics market are: polylactic acid (PLA), polybutylene adipate terephthalate (PBAT), polybutylene succinate (PBS), polyhydroxyalkanoates (PHA), starch blends and other types. Polylactic Acid (PLA) is a thermoplastic biopolymer and its cross-linking of chains gives rise to biodegradable plastic sheets that serve as the basis for the production of numerous non-polluting plastic products. Some of the main end users in the biodegradable plastics market include the packaging, agriculture, consumer goods, and other end-users.
North America was the largest region in the biodegradable plastics market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biodegradable plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Growing concerns for the environment are expected to increase the growth of the biodegradable plastics market. The major growing concerns for the environment are plastics. The increase in the usage of plastics is a growing concern of the environment. In January 2021, according to the data published by the European environment agency, the COVID-19 pandemic had made changes in the consumption, waste, and production of plastics. A recent BCG survey involving 3,000 people across eight countries found that in the wake of the pandemic, people were now more concerned about addressing environmental challenges and are committed to changing their own behavior to advance sustainability. Nearly 40% of respondents said that they intend to adopt more sustainable behavior in the future. Therefore, growing concerns for the environment is expected to drive the biodegradable plastics market.
Product innovations are a key trend gaining popularity in the biodegradable plastics market. Many organizations are launching innovative products in the biodegradable plastics, which are cost-effective and sustainable in nature. For example, in July 2021, Defence Research and Development Organisation (DRDO) based in India had launched biodegradable packaging products that are manufactured from biodegradable plant-based food-grade materials. They are available in a water-resistant form and can be degraded in three months. These packaging bags are an ocean-safe alternative to single-use plastics, cost-effective and sustainable.
In January 2021, Novamont, a Italy-based biodegradable bioplastics manufacturer acquired BioBag group for an undisclosed amount. With this acquisition, Novamont's service capabilities marketing in the supply chain will be strengthened by BioBag's and distribution expertise and also to create long-lasting alliances with retailers and to enhance the separate organic waste collection and composting systems. BioBag group is a biodegradable bioplastics manufacturer based in Norway.
The countries covered in the Biodegradable Plastics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Table of Contents
1. Executive Summary
2. Biodegradable Plastics Market Characteristics
3. Biodegradable Plastics Market Trends And Strategies
4. Impact Of COVID-19 On Biodegradable Plastics
5. Biodegradable Plastics Market Size And Growth
- 5.1. Global Biodegradable Plastics Historic Market, 2016-2021, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Biodegradable Plastics Forecast Market, 2021-2026F, 2031F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Biodegradable Plastics Market Segmentation
- 6.1. Global Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Polylactic Acid (PLA)
- Polybutylene Adipate Terephthalate (PBAT)
- Polybutylene Succinate (PBS)
- PHA (Polyhydroxyalkanoates)
- Starch Blends
- Other Types
- 6.2. Global Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Packaging
- Agriculture
- Consumer goods
- Other End-users
7. Biodegradable Plastics Market Regional And Country Analysis
- 7.1. Global Biodegradable Plastics Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 7.2. Global Biodegradable Plastics Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Biodegradable Plastics Market
- 8.1. Asia-Pacific Biodegradable Plastics Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 8.3. Asia-Pacific Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Biodegradable Plastics Market
- 9.1. China Biodegradable Plastics Market Overview
- 9.2. China Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
- 9.3. China Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Biodegradable Plastics Market
- 10.1. India Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 10.2. India Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Biodegradable Plastics Market
- 11.1. Japan Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 11.2. Japan Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Biodegradable Plastics Market
- 12.1. Australia Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 12.2. Australia Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Biodegradable Plastics Market
- 13.1. Indonesia Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 13.2. Indonesia Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Biodegradable Plastics Market
- 14.1. South Korea Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 14.2. South Korea Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Biodegradable Plastics Market
- 15.1. Western Europe Biodegradable Plastics Market Overview
- 15.2. Western Europe Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 15.3. Western Europe Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Biodegradable Plastics Market
- 16.1. UK Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 16.2. UK Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Biodegradable Plastics Market
- 17.1. Germany Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 17.2. Germany Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Biodegradable Plastics Market
- 18.1. France Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 18.2. France Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Biodegradable Plastics Market
- 19.1. Eastern Europe Biodegradable Plastics Market Overview
- 19.2. Eastern Europe Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 19.3. Eastern Europe Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Biodegradable Plastics Market
- 20.1. Russia Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 20.2. Russia Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Biodegradable Plastics Market
- 21.1. North America Biodegradable Plastics Market Overview
- 21.2. North America Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 21.3. North America Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Biodegradable Plastics Market
- 22.1. USA Biodegradable Plastics Market Overview
- 22.2. USA Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 22.3. USA Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Biodegradable Plastics Market
- 23.1. South America Biodegradable Plastics Market Overview
- 23.2. South America Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 23.3. South America Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Biodegradable Plastics Market
- 24.1. Brazil Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 24.2. Brazil Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Biodegradable Plastics Market
- 25.1. Middle East Biodegradable Plastics Market Overview
- 25.2. Middle East Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 25.3. Middle East Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Biodegradable Plastics Market
- 26.1. Africa Biodegradable Plastics Market Overview
- 26.2. Africa Biodegradable Plastics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 26.3. Africa Biodegradable Plastics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Biodegradable Plastics Market Competitive Landscape And Company Profiles
- 27.1. Biodegradable Plastics Market Competitive Landscape
- 27.2. Biodegradable Plastics Market Company Profiles
- 27.2.1. BASF
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. NatureWorks
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. BIOME TECHNOLOGIES PLC.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Novamont S.p.A.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Mitsubishi
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Biodegradable Plastics Market
29. Biodegradable Plastics Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Research Inquiries
- 30.4. The Business Research Company
- 30.5. Copyright And Disclaimer