Product Code: 3492
The global biodegradable plastic market is anticipated to grow at a CAGR of 9.03% in the forecast period to reach USD5741.74 million by 2027. The growing environmental consciousness is driving the demand for biodegradable plastic among the various end-users. Also, the high-end investment in the research and development activities by the market players to make them usable in the healthcare industry and the favorable government policies emphasizing reduced carbon footprint and efficient waste management techniques are expected to create lucrative growth opportunities for the global biodegradable plastic market over the next five years.
The traditional plastics take a large amount of time to decompose, and landfills and waste fill collected at various spots pose severe health and environmental risk to the nearby surroundings. Biodegradable plastics are easily decomposable and absorbed back into the ecosystem in comparatively less time than traditional plastics. The rise in efforts taken by the consumers to remove the use of non-biodegradable conventional plastics and the high awareness about the benefits of adopting sustainable plastic solutions are having a significant impact on accelerating the global biodegradable plastic market demand across the globe. With the rise in the focus on improving sustainability and stringent government regulations, the demand from various end-use industries is expected to grow at a rapid rate.
The global biodegradable plastic market is segmented into type, end user industry, regional distribution, and competitive landscape. Based on the end user industry, the market is divided into packaging, consumer goods, textiles, and others. The packaging industry dominated the market in 2021, with a market share of 60.40% of the overall market share. The segment is expected to maintain its dominance throughout the forecast period. The change in the lifestyle of the consumers and the high demand from several end-use industries such as healthcare, food, cosmetic & personal care industries are expected to drive the segment demand in the coming years.
Novamont S.p.A, NatureWorks LLC, Futerro, Total EnergiesCorbion, BASF SE, Kingfa SCI.& TECH. Co. Ltd., Zhejiang Hisun Biomaterials Co. Ltd, Danimer Scientific, Kaneka Corporation, Mitsubishi Chemicals, Toray Industries Inc, Biome Bioplastics Ltd. are the major market players operating in the global biodegradable plastics market.
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
Objective of the Study:
- To analyze the historical growth in the market size of the global biodegradable plastic market from 2017 to 2021.
- To estimate and forecast the market size of the global biodegradable plastic market from 2022E to 2027F and growth rate until 2027F.
- To classify and forecast the global biodegradable plastic market based on type, end user industry, regional distribution, and competitive landscape.
- To identify drivers and challenges for the global biodegradable plastic market.
- To examine competitive developments such as expansions, new product launches, mergers, and acquisitions, etc., in the global biodegradable plastic market.
- To conduct pricing analysis for the global biodegradable plastic market.
- To identify and analyze the profile of leading players operating in global biodegradable plastic market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the biodegradable plastic manufacturers, distribution channels and presence of all major players operating in the global biodegradable plastic market all over the world.
TechSci Research calculated the global biodegradable plastic market size using a bottom-up approach, where data for various regions was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Biodegradable plastics manufacturers/ suppliers/ distributors
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to biodegradable plastics
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as biodegradable plastic manufacturers, suppliers, distributors, and other stakeholders. The report would enable the stakeholders in strategizing investments and capitalizing on emerging market opportunities.
Report Scope:
In this report, Global Biodegradable Plastic Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Biodegradable Plastic Market, By Type:
- Starch Blends
- Polylactic Acid (PLA)
- Polybutylene Adipate Terephthalate (PBAT)
- Polyhydroxyalkanoate (PHA)
- Others (Polyglycolic acid, Polybutylene succinate)
Biodegradable Plastic Market, By End User Industry:
- Packaging
- Consumer Goods
- Textiles
- Others (Containers, 3D Printing)
Biodegradable Plastic Market, By Region:
- Europe
- Germany
- France
- Italy
- Poland
- Netherlands
- Greece
- Asia Pacific
- China
- Japan
- India
- Vietnam
- Australia
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Chile
- Venezuela
- Middle East and Africa
- South Africa
- Saudi Arabia
- Turkey
- Qatar
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global biodegradable plastic market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Biodegradable Plastic Market
5. Voice of Customer
- 5.1. Brand Awareness
- 5.2. Factors Contributing to Switch to Biodegradable Plastic
- 5.3. Preference, By Type
- 5.4. Demand, By End User Industry
6. Global Biodegradable Plastic Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.1.2. By Volume
- 6.2. Market Share & Forecast
- 6.2.1. By Type (PLA, Starch Blends, PHA, PBAT, Others)
- 6.2.2. By End User Industry (Packaging, Consumer Goods, Textiles, Others)
- 6.2.3. By Region
- 6.2.4. By Company (2021)
- 6.2.5. By Region
- 6.3. Market Map
7. Europe Biodegradable Plastic Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.1.2. By Volume
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By End User Industry
- 7.2.3. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Biodegradable Plastic Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By End User Industry
- 7.3.2. France Biodegradable Plastic Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By End User Industry
- 7.3.3. Italy Biodegradable Plastic Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By End User Industry
- 7.3.4. Poland Biodegradable Plastic Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By End User Industry
- 7.3.5. Netherlands Biodegradable Plastic Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By End User Industry
- 7.3.6. Greece Biodegradable Plastic Market Outlook
- 7.3.6.1. Market Size & Forecast
- 7.3.6.2. Market Share & Forecast
- 7.3.6.2.1. By Type
- 7.3.6.2.2. By End User Industry
8. Asia-Pacific Biodegradable Plastic Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.1.2. By Volume
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By End User Industry
- 8.2.3. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Biodegradable Plastic Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By End User Industry
- 8.3.2. Japan Biodegradable Plastic Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By End User Industry
- 8.3.3. India Biodegradable Plastic Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By End User Industry
- 8.3.4. Vietnam Biodegradable Plastic Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By End User Industry
- 8.3.5. Australia Biodegradable Plastic Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By End User Industry
9. North America Biodegradable Plastic Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.1.2. By Volume
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By End User Industry
- 9.2.3. By Country
- 9.3. North America: Country Analysis
- 9.3.1. United States Biodegradable Plastic Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By End User Industry
- 9.3.2. Canada Biodegradable Plastic Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By End User Industry
- 9.3.3. Mexico Biodegradable Plastic Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By End User Industry
10. South America Biodegradable Plastic Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.1.2. By Volume
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By End User Industry
- 10.2.3. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Biodegradable Plastic Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By End User Industry
- 10.3.2. Argentina Biodegradable Plastic Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By End User Industry
- 10.3.3. Colombia Biodegradable Plastic Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By End User Industry
- 10.3.4. Chile Biodegradable Plastic Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Type
- 10.3.4.2.2. By End User Industry
- 10.3.5. Venezuela Biodegradable Plastic Market Outlook
- 10.3.5.1. Market Size & Forecast
- 10.3.5.2. Market Share & Forecast
- 10.3.5.2.1. By Type
- 10.3.5.2.2. By End User Industry
11. Middle East and Africa Biodegradable Plastic Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.1.2. By Volume
- 11.2. Market Share & Forecast
- 11.2.1. By Type
- 11.2.2. By End User Industry
- 11.2.3. By Country
- 11.3. MEA: Country Analysis
- 11.3.1. South Africa Biodegradable Plastic Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Type
- 11.3.1.2.2. By End User Industry
- 11.3.2. Saudi Arabia Biodegradable Plastic Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Type
- 11.3.2.2.2. By End User Industry
- 11.3.3. Turkey Biodegradable Plastic Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Type
- 11.3.3.2.2. By End User Industry
- 11.3.4. Qatar Biodegradable Plastic Market Outlook
- 11.3.4.1. Market Size & Forecast
- 11.3.4.2. Market Share & Forecast
- 11.3.4.2.1. By Type
- 11.3.4.2.2. By End User Industry
- 11.3.5. UAE Biodegradable Plastic Market Outlook
- 11.3.5.1. Market Size & Forecast
- 11.3.5.2. Market Share & Forecast
- 11.3.5.2.1. By Type
- 11.3.5.2.2. By End User Industry
12. Market Dynamics
- 12.1. Drivers
- 12.2. Challenges
13. Market Trends and Developments
14. Competitive Landscape
- 14.1. Novamont S.p.A.
- 14.2. NatureWorks LLC
- 14.3. Futerro
- 14.4. TotalEnergies Corbion
- 14.5. BASF SE
- 14.6. Kingfa SCI. & TECH. Co. Limited
- 14.7. Zhejiang Hisun Biomaterials Co. Limited
- 14.8. Danimer Scientific
- 14.9. Kaneka Corporation
- 14.10. Mitsubishi Chemical Holdings Corporation
- 14.11. Toray Industries, INC
- 14.12. Biome BioPlastics
15. Strategic Recommendations
16. About Us & Disclaimer