Biodegradable Plastic Market

Global Biodegradable Plastic Market Size, Trends & Analysis - Forecasts to 2028 By Product (Starch-based, PLA, PBS, PBAT, PHA, and Others), By Application (Packaging, Agriculture, Consumer Goods, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Chemicals & Advanced Material
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This report was recently updated on July 7 2024 with the latest and most recent market numbers

Global Biodegradable Plastic Market Size

The global biodegradable plastic market is projected to grow at a CAGR of 9.9% from 2023 to 2028.

The presence of toxic pollutants with harmful effects on plants, animals, and humans and growing environmental concerns related to plastic usage are prompting the adoption of biodegradable plastic substitutes. The persistence of floating plastic waste for thousands of years in water poses a risk as it can act as a means of transportation for invasive species, leading to habitat disruptions.

Many market players are incorporating biodegradable plastics into their supply chains and adopting sustainability goal as a part of broader corporate social responsibility and environmental sustainability efforts.  Government support in providing incentives, subsidies, and forming regulations favouring biodegradable plastics significantly boosts market growth. For instance, the EU's Single-Use Plastics Directive, adopted in 2019, includes measures to restrict the use of certain single-use plastic products and encourages using alternative materials, including biodegradable plastics.

Research and advancements in biodegradable plastic technology enhance product performance and broaden the scope of applications. For example, in February 2022, a replacement for petroleum-based plastics was launched by  Bioplastics International in response to the escalating plastic pollution in the ocean.

However, the biodegradable plastic market faces challenges in implementing biodegradable plastics due to the elevated cost compared to traditional plastics, hindering the market growth. For example, bioplastics derived from polylactic acid are around eight times more expensive than their petroleum-based counterparts. Nevertheless, the emergence of new bioplastics crafted from tropical fruit skins, offered at a more economical price point, is anticipated to present promising growth opportunities in the near future.

global biodegradable plastic market

Global Biodegradable Plastic Market: By Product

Starch-based segment is expected to hold the largest share of the market over the forecast period. Starch-based plastics have various applications in packaging, automobiles, and agriculture industries. The chemical industry is currently undergoing a notable shift from synthetic products towards biobased alternatives, contributing to establishing more sustainable ecosystems. Starch-based plastics, both biobased and biodegradable with low toxicity, align well with this trend. Notably, the packaging industry is a significant consumer of starch blends, driven by their versatility.

Polyhydroxyalkanoate (PHA) segment is expected to be the fastest-growing segment in the market from 2023-2028. This growth is driven by increased PHA utilization in medical and various other applications. PHA plays an important role in medical applications such as medical implants and drug encapsulation, beyond the medical field, PHA is employed in the biodegradable plastics manufacturing techniques of compost bags, agricultural foil and films, as well as packaging for food and beverages products.

Global Biodegradable Plastic Market: By Application

The agriculture segment is anticipated to be the fastest-growing segment in the market from 2023-2028. Adopting biodegradable mulch film in agriculture contributes to suppresses weed growth, water conservation in the soil, and maintains favorable soil temperatures, promoting faster crop development. The increasing utilization of biodegradable plastics in consumer goods is also noticeable in developed economies.

The packaging segment is expected to hold the largest share of the market. The segment growth is attributed to the increasing adoption of biodegradable plastic types and applications as substitutes for traditional plastics in food packaging, including boxes, wraps, cups, and plates. This is contributing to the overall expansion of the biodegradable plastic market. Other factors contributing to the biodegradable packaging market growth are increasing disposable income, improving lifestyles, and a growing population. Moreover, emerging nations, rising consumer environmental awareness, and the surge in e-commerce platforms present growth opportunities for this sector. Elevated environmental concerns and a growing emphasis on recycling and responsible packaging waste disposal is contributing to the segment growth.

asia pacific biodegradable plastic market

Global Biodegradable Plastic Market: By Region

Europe is expected to be the largest region in the global market. The primary reasons boosting the market growth in this region include increasing environmental concerns among the population and the regulatory government. European Union initiative to ban single-use plastic is anticipated to contribute to the region's heightened demand for biodegradable plastic. The escalating use of plastics leading to soil and environmental degradation has prompted a shift towards bio-based materials that are reusable and environmentally friendly.

Asia Pacific is predicted to witness rapid growth during the forecast period. The anticipated growth is attributed to the region's increasing disposable income and the improving living standards in countries such as India and China. Increasing consumer awareness, upheld by government initiatives and environment-related regulations and standards for biodegradable plastics, also contributes to the regional market growth. For instance, in 2020, the Chinese government announced plans to ban single-use plastics in major cities by 2022 and nationwide by 2025.

Global Biodegradable Plastic Market Share and Competitor Analysis

Cargill Incorporated, PTT MCC Biochem Co., Ltd., Biome Technologies plc, Plantic Technologies Limited, BASF SE, Total Corbion PLA, Synbra Technology BV, Futerro, Novamont SpA, and NatureWorks LLC, among others, are some of the key players in the biodegradable plastic market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Biodegradable Plastic Market Recent Development

In June 2023, BASF established its Biodegradation and Microplastics Center of Excellence at its Wyandotte site in Michigan, signalling a commitment to assisting customers in North America in achieving circularity and sustainability objectives

In May 2023, Bluepha Co. Ltd, a synthetic biology company in China, and TotalEnergies Corbion, a global leader in Polylactic Acid (PLA) technology, signed a memorandum of understanding to increase the market acceptance of PLA/PHA-based solutions in China.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL BIODEGRADABLE PLASTIC MARKET, BY PRODUCT

4.1   Introduction

4.2   Biodegradable Plastic Market: Product Scope Key Takeaways

4.3   Revenue Growth Analysis, 2022 & 2028

4.4   Starch-based

4.4.1        Starch-based Market Estimates and Forecast, 2020-2028 (USD Million)

4.5   PLA

4.5.1        PLA Market Estimates and Forecast, 2020-2028 (USD Million)

4.6   PBS

4.6.1        PBS Market Estimates and Forecast, 2020-2028 (USD Million)

4.7   PBAT

4.7.1        PBAT Market Estimates and Forecast, 2020-2028 (USD Million)

4.8   PHA

4.8.1        PHA Market Estimates and Forecast, 2020-2028 (USD Million)

4.9   Others

4.9.1        Others Market Estimates and Forecast, 2020-2028 (USD Million)

5          GLOBAL BIODEGRADABLE PLASTIC MARKET, BY APPLICATION

5.1   Introduction

5.2   Biodegradable Plastic Market: Application Scope Key Takeaways

5.3   Revenue Growth Analysis, 2022 & 2028

5.4   Packaging

5.4.1        Packaging Market Estimates and Forecast, 2020-2028 (USD Million)

5.5   Agriculture

5.5.1        Agriculture Market Estimates and Forecast, 2020-2028 (USD Million)

5.6   Consumer Goods

5.6.1        Consumer Goods Market Estimates and Forecast, 2020-2028 (USD Million)

5.7   Others

5.7.1        Others Market Estimates and Forecast, 2020-2028 (USD Million)

6          GLOBAL BIODEGRADABLE PLASTIC MARKET, BY REGION

6.1   Introduction

6.2   North America Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.1        By Product

6.2.2        By Application

6.2.3        By Country

6.2.3.1     U.S. Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.1.1        By Product

6.2.3.1.2        By Application

6.2.3.2     Canada Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.2.1        By Product

6.2.3.2.2        By Application

6.2.3.3     Mexico Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.2.3.3.1        By Product

6.2.3.3.2        By Application

6.3   Europe Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.1        By Product

6.3.2        By Application

6.3.3        By Country

6.3.3.1     Germany Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.1.1        By Product

6.3.3.1.2        By Application

6.3.3.2     U.K. Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.2.1        By Product

6.3.3.2.2        By Application

6.3.3.3     France Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.3.1        By Product

6.3.3.3.2        By Application

6.3.3.4     Italy Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.4.1        By Product

6.3.3.4.2        By Application

6.3.3.5     Spain Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.5.1        By Product

6.3.3.5.2        By Application

6.3.3.6     Netherlands Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.6.1        By Product

6.3.3.6.2        By Application

6.3.3.7     Rest of Europe Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.3.3.6.1        By Product

6.3.3.6.2        By Application

6.4   Asia Pacific Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.1        By Product

6.4.2        By Application

6.4.3        By Country

6.4.3.1     China Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.1.1        By Product

6.4.3.1.2        By Application

6.4.3.2     Japan Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.2.1        By Product

6.4.3.2.2        By Application

6.4.3.3     India Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.3.1        By Product

6.4.3.3.2        By Application

6.4.3.4     South Korea Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.4.1        By Product

6.4.3.4.2        By Application

6.4.3.5     Singapore Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.5.1        By Product

6.4.3.5.2        By Application

6.4.3.6     Malaysia Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.6.1        By Product

6.4.3.6.2        By Application

6.4.3.7     Thailand Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.6.1        By Product

6.4.3.6.2        By Application

6.4.3.8     Indonesia Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.7.1        By Product

6.4.3.7.2        By Application

6.4.3.9     Vietnam Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.8.1        By Product

6.4.3.8.2        By Application

6.4.3.10  Taiwan Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.10.1 By Product

6.4.3.10.2 By Application

6.4.3.11  Rest of Asia Pacific Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.4.3.11.1 By Product

6.4.3.11.2 By Application

6.5   Middle East and Africa Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.1        By Product

6.5.2        By Application

6.5.3        By Country

6.5.3.1     Saudi Arabia Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.1.1        By Product

6.5.3.1.2        By Application

6.5.3.2     U.A.E. Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.2.1        By Product

6.5.3.2.2        By Application

6.5.3.3     Israel Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.3.1        By Product

6.5.3.3.2        By Application

6.5.3.4     South Africa Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.4.1        By Product

6.5.3.4.2        By Application

6.5.3.5     Rest of Middle East and Africa Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.5.3.5.1        By Product

6.5.3.5.2        By Application

6.6   Central and South America Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.1        By Product

6.6.2        By Application

6.6.3        By Country

6.6.3.1     Brazil Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.1.1        By Product

6.6.3.1.2        By Application

6.6.3.2     Argentina Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.2.1        By Product

6.6.3.2.2        By Application

6.6.3.3     Chile Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.3.1        By Product

6.6.3.3.2        By Application

6.6.3.3     Rest of Central and South America Biodegradable Plastic Market Estimates and Forecast, 2020-2028 (USD Million)

6.6.3.3.1        By Product

6.6.3.3.2        By Application

7          COMPETITIVE LANDCAPE

7.1   Company Market Share Analysis

7.2   Four Quadrant Positioning Matrix

7.2.1        Market Leaders

7.2.2        Market Visionaries

7.2.3        Market Challengers

7.2.4        Niche Market Players

7.3   Vendor Landscape

7.3.1        North America

7.3.2        Europe

7.3.3        Asia Pacific

7.3.4        Rest of the World

7.4   Company Profiles  

7.4.1        BASF SE

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2        Cargill Incorporated

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3        PTT MCC Biochem Co., Ltd.

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4        Biome Technologies plc

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5        Plantic Technologies Limited

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6        Futerro

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7        Total Corbion PLA  

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8        Synbra Technology BV

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9        Novamont SpA

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10      NatureWorks LLC

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11      Other Companies

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1   Market Introduction

8.1.1        Market Definition

8.1.2        Market Scope & Segmentation

8.2   Information Procurement

8.2.1        Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2        Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3        Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4        Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3   Market Estimation

8.3.1        Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2        Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4   Data Triangulation

8.4.1        Data Collection

8.4.2        Time Series, Cross Sectional & Panel Data Analysis

8.4.3        Cluster Analysis

8.5   Analysis and Output

8.5.1        Inhouse AI Based Real Time Analytics Tool

8.5.2        Output From Desk & Primary Research

8.6   Research Assumptions & Limitations

8.6.1        Research Assumptions

8.6.2        Research Limitations

LIST OF TABLES

1 Global Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

2 Starch-based Market, By Region, 2020-2028 (USD Mllion)

3 PLA Market, By Region, 2020-2028 (USD Mllion)       

4 Pbs Market, By Region, 2020-2028 (USD Mllion)       

5 Pbat Market, By Region, 2020-2028 (USD Mllion)     

6 Pha Market, By Region, 2020-2028 (USD Mllion)       

7 Others Market, By Region, 2020-2028 (USD Mllion)

8 Global Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

9 Packaging Market, By Region, 2020-2028 (USD Mllion)       

10 Agriculture Market, By Region, 2020-2028 (USD Mllion)

11 consumer goods Market, By Region, 2020-2028 (USD Mllion)

12 others Market, By Region, 2020-2028 (USD Mllion)

13 Regional Analysis, 2020-2028 (USD Mllion)

14 North America Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

15 North America Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)               

16 U.S. Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

17 U.S. Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)        

18 Canada Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)      

19 Canada Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

20 Mexico Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

21 Mexico Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

22 Europe Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)      

23 Europe Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

24 Germany Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)   

25 Germany Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

26 U.K. Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

27 U.K. Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)        

28 France Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

29 France Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

30 Italy Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

31 Italy Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)      

32 Spain Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

33 Spain Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)    

34 Netherlands Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

35 Netherlands Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

36 Rest Of Europe Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

37 Rest Of Europe Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)              

38 Asia Pacific Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

39 Asia Pacific Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

40 China Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

41 China Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)   

42 Japan Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

43 Japan Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)   

44 India Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

45 India Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)     

46 South Korea Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

47 South Korea Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

48 Singapore Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

49 Singapore Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

50 Thailand Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)   

51 Thailand Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

52 Malaysia Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)   

53 Malaysia Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

54 Indonesia Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

55 Indonesia Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

56 Vietnam Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)     

57 Vietnam Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

58 Taiwan Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)       

59 Taiwan Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion) 

60 Rest of APAC Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

61 Rest of APAC Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

62 Middle East and Africa Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

63 Middle East and Africa Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

64 Saudi Arabia Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

65 Saudi Arabia Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

66 UAE Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

67 UAE Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)        

68 Israel Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

69 Israel Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)  

70 South Africa Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion

71 South Africa Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

72 Rest Of Middle East and Africa Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)       

73 Rest Of Middle East and Africa Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

74 Central and South America Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

75 Central and South America Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

76 Brazil Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

77 Brazil Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)  

78 Chile Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

79 Chile Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)    

80 Argentina Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)

81 Argentina Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)

82 Rest Of Central and South America Biodegradable Plastic Market, By Product, 2020-2028 (USD Mllion)      

83 Rest Of Central and South America Biodegradable Plastic Market, By Application, 2020-2028 (USD Mllion)      

84 BASF SE: Products & Services Offering        

85 Cargill Incorporated: Products & Services Offering       

86 PTT MCC Biochem Co., Ltd.: Products & Services Offering 

87 Biome Technologies plc: Products & Services Offering   

88 Plantic Technologies Limited: Products & Services Offering       

89 FUTERRO: Products & Services Offering      

90 Total Corbion PLA : Products & Services Offering

91 Synbra Technology BV: Products & Services Offering       

92 Novamont SpA, Inc: Products & Services Offering

93 NatureWorks LLC: Products & Services Offering  

94 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global Biodegradable Plastic Market Overview

2 Global Biodegradable Plastic Market Value From 2020-2028 (USD Mllion)

3 Global Biodegradable Plastic Market Share, By Product (2022)

4 Global Biodegradable Plastic Market Share, By Application (2022)

5 Global Biodegradable Plastic Market, By Region (Asia Pacific Market)

6 Technological Trends In Global Biodegradable Plastic Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Biodegradable Plastic Market

10 Impact Of Challenges On The Global Biodegradable Plastic Market

11 Porter’s Five Forces Analysis

12 Global Biodegradable Plastic Market: By Product Scope Key Takeaways

13 Global Biodegradable Plastic Market, By Product Segment: Revenue Growth Analysis

14 Starch-based Market, By Region, 2020-2028 (USD Mllion)

15 PLA Market, By Region, 2020-2028 (USD Mllion)        

16 PBS Market, By Region, 2020-2028 (USD Mllion)

17 PBAT Market, By Region, 2020-2028 (USD Mllion)

18 PHA Market, By Region, 2020-2028 (USD Mllion)

19 Others Market, By Region, 2020-2028 (USD Mllion)    

20 Global Biodegradable Plastic Market: By Application Scope Key Takeaways

21 Global Biodegradable Plastic Market, By Application Segment: Revenue Growth Analysis

22 Packaging Market, By Region, 2020-2028 (USD Mllion)         

23 Agriculture Market, By Region, 2020-2028 (USD Mllion)

24 Consumer Goods Market, By Region, 2020-2028 (USD Mllion)

25 Others Market, By Region, 2020-2028 (USD Mllion)

26 Regional Segment: Revenue Growth Analysis

27 Global Biodegradable Plastic Market: Regional Analysis

28 North America Biodegradable Plastic Market Overview

29 North America Biodegradable Plastic Market, By Product

30 North America Biodegradable Plastic Market, By Application

31 North America Biodegradable Plastic Market, By Country

32 U.S. Biodegradable Plastic Market, By Product

33 U.S. Biodegradable Plastic Market, By Application

34 Canada Biodegradable Plastic Market, By Product

35 Canada Biodegradable Plastic Market, By Application

36 Mexico Biodegradable Plastic Market, By Product

37 Mexico Biodegradable Plastic Market, By Application

38 Four Quadrant Positioning Matrix

39 Company Market Share Analysis

40 BASF SE: Company Snapshot

41 BASF SE: SWOT Analysis

42 BASF SE: Geographic Presence

43 Cargill Incorporated: Company Snapshot

44 Cargill Incorporated: SWOT Analysis

45 Cargill Incorporated: Geographic Presence

46 PTT MCC Biochem Co., Ltd.: Company Snapshot

47 PTT MCC Biochem Co., Ltd.: SWOT Analysis

48 PTT MCC Biochem Co., Ltd.: Geographic Presence

49 Biome Technologies plc: Company Snapshot

50 Biome Technologies plc: Swot Analysis

51 Biome Technologies plc: Geographic Presence

52 Plantic Technologies Limited: Company Snapshot

53 Plantic Technologies Limited: SWOT Analysis

54 Plantic Technologies Limited: Geographic Presence

55 Futerro: Company Snapshot

56 Futerro: SWOT Analysis

57 Futerro: Geographic Presence

58 Total Corbion PLA : Company Snapshot

59 Total Corbion PLA : SWOT Analysis

60 Total Corbion PLA : Geographic Presence

61 Synbra Technology BV: Company Snapshot

62 Synbra Technology BV: SWOT Analysis

63 Synbra Technology BV: Geographic Presence

64 Novamont SpA, Inc.: Company Snapshot

65 Novamont SpA, Inc.: SWOT Analysis

66 Novamont SpA, Inc.: Geographic Presence

67 NatureWorks LLC: Company Snapshot

68 NatureWorks LLC: SWOT Analysis

69 NatureWorks LLC: Geographic Presence

70 Other Companies: Company Snapshot

71 Other Companies: SWOT Analysis

72 Other Companies: Geographic Presence

The Global Biodegradable Plastics Market has been studied from the year 2019 till 2028. However, the CAGR provided in the report is from the year 2023 to 2028. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Biodegradable Plastics Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Biodegradable Plastics Market.

Biodegradable Plastics Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Biodegradable Plastics Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Biodegradable Plastics Market Share

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Frequently Asked Questions

The global biodegradable plastic market is projected to grow at a CAGR of 9.9% from 2023 to 2028.
Cargill Incorporated, PTT MCC Biochem Co., Ltd., Biome Technologies plc, Plantic Technologies Limited, BASF SE, Total Corbion PLA, Synbra Technology BV, Futerro, Novamont SpA, and NatureWorks LLC, among others, are some of the key players operating in the global biodegradable plastic market.
The global biodegradable plastic market is expected to gain opportunities due to increasing environmental concerns, stringent regulations promoting sustainable practices, and growing consumer demand for eco-friendly products. Innovations in biodegradable materials and expanding applications across industries further contribute to the markets growth potential.
The rising awareness of environmental issues, stringent regulations promoting sustainable practices, growing consumer preference for eco-friendly products, and increased corporate initiatives towards green packaging and advancements in biodegradable technologies are the major drivers for the global biodegradable plastic market growth.

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