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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 43.95 billion by 2029 | 25% | APAC |
| By Type | By End Use Industry |
|---|---|
|
|
SCOPE OF THE REPORT
Biodegradable Plastics Market Overview
Biodegradable plastics market size was valued at USD 5.9 billion in 2020 and is projected to reach USD 43.95 billion by 2029, growing at a CAGR of 25% from 2022 to 2029.
Packaging stands out as one of the fastest-growing sectors on a global scale. As highlighted by a National Geographic study, a significant portion, approximately 40.0%, of produced plastic is utilized for packaging purposes, often discarded after a single use. Additionally, an estimated 500 million plastic bags are consumed worldwide each year, amplifying environmental concerns. However, the escalating reliance on plastics presents a grave environmental menace. With the rise of digital media, both consumers and manufacturers are pivoting towards recyclable and environmentally friendly materials.
In response to these environmental challenges, regulatory measures such as the Packaging and Packaging Waste Directive in Europe have been implemented. This directive serves dual purposes: to mitigate trade barriers and curtail the environmental impact of packaging waste. Similarly, the US FDA enforces stringent regulations governing the recycling of plastic materials used in food contact applications. These regulatory frameworks are anticipated to catalyze growth opportunities for biodegradable plastics.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) Volume (Kilotons) |
| Segmentation | By Type, By End User Industry, By Region
|
| By Type |
|
| By End User Industry |
|
| By Region |
|
Against the backdrop of heightened sustainability focus and government-endorsed green procurement policies, manufacturers of biodegradable plastics are witnessing a surge in prospects across burgeoning industries such as electronics, medical, and automotive. Notably, biodegradable plastics are finding diversified applications in medical devices and implants, offering potential benefits such as reduced need for additional surgeries for removal with their capability to degrade over time.
Furthermore, biodegradable sutures and drug delivery systems are under development utilizing these materials. The exploration of biodegradable plastics extends to construction materials, including insulation, films, and temporary formwork, promising solutions to mitigate plastic waste accumulation within the construction sector. Initially confined to niche products, the continuous expansion of biodegradable plastics into novel applications underscores the evolving landscape and opportunities for manufacturers in this sector.
Biodegradable Plastics Market Segment Analysis
The market is broadly classified into type, end use industry and region. On the basis of type, the market is divided into starch-based, Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), and others. Throughout the forecast period, the starch-based segment is expected to lead the market in terms of revenue and volume. End-use sectors such as packaging, vehicles, and agriculture employ starch-based polymers. In terms of revenue, the segment is expected to grow at a CAGR of 10.4 percent during the same time period. PLA-type plastics are also quickly gaining traction in the market. PLA’s lower cost than any other type is a primary reason driving the segment’s growth. Due to the rising use of PHA in medical and other applications, the market for PHA is expected to rise significantly over the forecast period. Tissue engineering, bone marrow scaffolds, and bone plates are some of the other medical applications. PHA is utilised in the creation of compost bags, agriculture foil and films, food and beverage packaging, and consumer items, among other things, fuelling its global growth.
The packaging sector is the largest end-use market for biodegradable polymers. In 2020, they were responsible for 53.5 percent of the worldwide biodegradable plastics market. The packaging sector has seen an upsurge in demand for biodegradable polymers as environmental rules have become more stringent and customer lifestyles have changed. Plastics have a great level of durability and water resistance, which has prompted their application in packaging. Biodegradable plastics are used in a variety of packaging applications, including food packaging, healthcare packaging, cosmetic and personal care packaging, shopping bags, and more.
Biodegradable Plastics Market Players
The major players are Cargill Incorporated, Mitsubishi Chemical Corporation and NatureWorks, Biome, Plantic, BIO-ON, Danimer Scientific, Novamont S.p.A., TORAY INDUSTRIES, INC., NatureWorks LLC, BASF SE, Total Corbion PLA, Perstorp, K.D. FEDDERSEN, UrthPact, LLC, Indochine Bio Plastiques (ICBP) Sdn. Bhd., TianAn Biologic Materials Co. Ltd., FKuR Kunststoff GmbH, Biotec Pvt. Ltd., Minima, BioGreen, Evonik Industries AG, CLONDALKIN GROUP and Cargill Incorporated among other.
Recent Development:
- BASF SE (BASF) is a chemical company. It carries out production, marketing and sales of chemicals, plastics, crop protection products, and performance products. Its product line comprises solvents, adhesives, surfactant, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides.
- Biome Bioplastics is a leading developer of highly-functional, naturally-based plastics. The company’s mission is to produce bioplastics that challenge the dominance of oil-based polymers, and ultimately replace them completely.
- Danimer Scientific, formerly known as Meredian Holdings Group Inc. and MHG, is a biopolymer manufacturer headquartered in Bainbridge, Georgia. Danimer Scientific owns the patent for Nodax medium-chain-length branched.
Who Should Buy? Or Key Stakeholders
- Plastic Industry
- Chemical Industry
- Packaging Industry
- Scientific Research and Development
- Investors
- Manufacturing companies
- End user companies
- Others
Key Takeaways:
- Biodegradable plastics market is projected to be growing at a CAGR of 25%
- On the basis of type, the starch-based segment is expected to lead the market in terms of revenue and volume.
- Based on end user industry, the packaging sector is the largest end-use market for biodegradable polymers.
- Asia Pacific is expected to dominate the market for biodegradable plastics.
- The major trend in the biodegradable plastics market is the increasing demand for sustainable packaging solutions.
Biodegradable Plastics Market Regional Analysis
The global biodegradable plastics market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
Asia Pacific is expected to dominate the market for biodegradable plastics. The Asia-Pacific area has the most advanced manufacturing capacity and regional development. According to research by European Bioplastics, the region produces around 56% of all bioplastics. As China concentrates on enacting its foreign investment law, which was delayed owing to the worldwide pandemic, the industry is likely to grow fast in this region. The region’s burgeoning packaging business will help to boost regional growth even more.
Key Market Segments: Biodegradable Plastics Market
Biodegradable Plastics Market by Type, 2020-2029, (USD Million) (Kilotons)
- PLA
- Starch Blends
- PHA
- PBAT
- PBS
- Biodegradable Polyesters
Biodegradable Plastics Market by End Use Industry, 2020-2029, (USD Million) (Kilotons)
- Packaging
- Consumer Goods
- Textile
- Agriculture & Horticulture
Biodegradable Plastics Market by Region, 2020-2029, (USD Million) (Kilotons)
- North America
- Europe
- Asia Pacific
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Key Question Answered
- What are the growth opportunities related to the adoption of biodegradable plastics across major regions in the future?
- What are the new trends and advancements in the biodegradable plastics market?
- Which product categories are expected to have highest growth rate in the biodegradable plastics market?
- Which are the key factors driving the biodegradable plastics market?
- What will the market growth rate, growth momentum or acceleration the market carries during the forecast period?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global Biodegradable Plastics Market Outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 On Biodegradable Plastics Market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global Biodegradable Plastics Market Outlook
- Global Biodegradable Plastics Market by Type (USD Millions) (Kilotons)
- PLA
- Starch Blends
- PHA
- PBAT
- PBS
- Biodegradable Polyesters
- Global Biodegradable Plastics Market by End User Industry (USD Millions) (Kilotons)
- Packaging
- Consumer Goods
- Textile
- Agriculture & Horticulture
- Global Biodegradable Plastics Market by Region (USD Millions) (Kilotons)
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)
- Cargill Incorporated
- Mitsubishi Chemical Corporation
- NatureWorks
- Biome, Plantic
- BIO-ON
- Danimer Scientific
- Novamont S.p.A.
- TORAY INDUSTRIES, INC.
- NatureWorks LLC
- BASF SE
- Total Corbion PLA
- Perstorp, K.D.
- Others  *The Company List Is Indicative
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL BIODEGRADABLE PLASTICS MARKET BY REGION (USD MILLIONS) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL BIODEGRADABLE PLASTICS MARKET BY REGION (KILOTONS) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â US BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â UK BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â UK BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â UK BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â UK BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UAE BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UAE BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UAE BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UAE BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA BIODEGRADABLE PLASTICS MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA BIODEGRADABLE PLASTICS MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (USD MILLIONS) 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY (KILOTONS) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â GLOBAL BIODEGRADABLE PLASTICS MARKET BY TYPE, USD MILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â GLOBAL BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY, USD MILLION, 2020-2029
FIGURE 10Â Â Â Â GLOBAL BIODEGRADABLE PLASTICS MARKET BY END USER INDUSTRY, USD MILLION, 2020-2029
FIGURE 11Â Â Â Â GLOBAL BIODEGRADABLE PLASTICS MARKET BY REGION, USD MILLION, 2020-2029
FIGURE 12    PORTER’S FIVE FORCES MODEL
FIGURE 13Â Â Â Â NORTH AMERICA BIODEGRADABLE PLASTICS MARKET SNAPSHOT
FIGURE 14Â Â Â Â EUROPE BIODEGRADABLE PLASTICS MARKET SNAPSHOT
FIGURE 15Â Â Â Â ASIA PACIFIC BIODEGRADABLE PLASTICS MARKET SNAPSHOT
FIGURE 16Â Â Â Â SOUTH AMERICA BIODEGRADABLE PLASTICS MARKET SNAPSHOT
FIGURE 17Â Â Â Â MIDDLE EAST & AFRICA BIODEGRADABLE PLASTICS MARKET SNAPSHOT
FIGURE 18Â Â Â Â CARGILL INCORPORATED: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â MITSUBISHI CHEMICAL CORPORATION: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â NATUREWORKS: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â BIOME, PLANTIC: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â BIO-ON: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â DANIMER SCIENTIFIC: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â NOVAMONT S.P.A.: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â NATUREWORKS LLC: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â BASF SE: COMPANY SNAPSHOT
FAQ
Biodegradable plastics market size was valued at USD 5.9 billion in 2020 and is projected to reach USD 43.95 billion by 2029, growing at a CAGR of 25% from 2022 to 2029 due to the government endeavors to reduce single-use plastic and tight regulatory outlooks against the usage of conventional plastic items.
Asia Pacific held more than 38% of the biodegradable plastics market revenue share in 2021 and will witness market expansion due to the most advanced manufacturing capacity and regional development.
This market is in its early stages of development, with fresh growth prospects projected in the future years.
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