Global Biodegradable Plastic Market is expected to reach US$ 14.43 Billion by 2030, according to the publisher. Biodegradable plastics degrade via microbial action, gaining popularity through extensive R&D. Industries invest in sustainable production with renewable resources for growth. Market analysis predicts future trends using system dynamics modeling, projecting global production capacity by 2030. Public awareness of plastic pollution drives the demand for improved plastic management, boosting bio-based and biodegradable plastic usage. Governments are enacting legislation to limit single-use plastics and support eco-friendly alternatives. This, along with customers' willingness to spend extra for biodegradable plastics, is driving market expansion. Bioplastics are finding applications in diverse sectors like packaging, water, beverages, insulation materials, and specialty materials, offering promising opportunities for sustainable solutions globally.Global Biodegradable Plastics Market was valued at US$ 5.28 Billion in 2022
Global biodegradable plastics market shall grow at a CAGR of 13.38% during 2022-2030.
Concerns about plastic pollution and environmental preservation are driving important advances in biodegradable plastics. Research to improve their attributes and capabilities, such as toughness and adaptability, is among the most significant advancements. Regulatory activities worldwide incentivize and restrict biodegradable substitutes, expanding their market. Consumer demand for sustainability and awareness, coupled with a willingness to pay more for eco-friendly solutions, drives growth. Collaboration among industry players fosters innovation and market expansion. Improved waste management infrastructure, including composting facilities and advanced recycling technologies, aids in proper disposal and management. Biodegradable plastics may now be used in more places because of technological developments like bio-based feed stocks. Investor funding for research and commercialization initiatives demonstrates the robust market potential. Many nations want to achieve net zero emissions globally to stop a global warming disaster. In addition, businesses are putting more emphasis on finding sustainable solutions. All necessary packaging materials, from food products to finished items, may be swapped out for biodegradable plastics. As a result, Global Biodegradable Plastics Market was valued at US$ 5.28 Billion in 2022.Plastics made from PLA are quickly gaining momentum in the Biodegradable Plastics market.
By Material Type, the global biodegradable plastics market is segmented into PBAT, PBS, PLA, PHA, Starch blends, and others. An environmentally acceptable substitute for conventional plastics is polylactic acid, often known as polylactide, a renewable polymer made from plant materials like sugarcane or cornstarch. For a variety of uses, such as disposable cutlery, food containers, packaging, and 3D printing, its biodegradability and low carbon footprint make it appealing. Enterprises and consumers alike favor PLA due to its versatility and environmentally acceptable qualities. The market demand for PLA products is growing as sustainability becomes a priority and governments and industries focus on reducing plastic waste. With advancements in PLA production techniques and increasing consumer awareness about environmental issues, the adoption of PLA plastics is expected to continue expanding. This trend not only contributes to a more sustainable future, but it also creates potential for new product development and a greener, more responsible plastic sector.Moreover, Starch has gained popularity as a material for developing biodegradable plastics due to its affordability and widespread availability compared to other natural polymers. However, starch has certain limitations, such as poor water resistance and low strength, which necessitate blending with other polymers to achieve desired mechanical properties. The commercial development of starch blends has progressed through different stages. The aim was to enhance degradability and reduce costs. These starch blends are only partially biodegradable. Currently, starch blends primarily involve blending thermoplastic starch (TPS) with other biodegradable plastics. Partially biodegradable starch blends, marketed as ""biodegradable starch plastic,"" remain widespread in multiple countries. These starch-based polymers serve as a sustainable substitute for traditional plastics in the automotive, packaging, and agricultural industries. With their biodegradability and reduced environmental impact, they contribute to a greener approach.
The packaging Industry is pushing the demand for biodegradable polymers.
By Application, the global biodegradable plastics market is divided into Packaging, Agriculture, Consumer goods, and Others. Packaging is a key driver for biodegradable plastics, meeting the growing demand for sustainable alternatives. These plastics offer natural degradation and waste reduction, addressing concerns about traditional plastic's environmental impact. Biodegradable plastics find applications in food containers, bags, wraps, trays, and bottles, delivering comparable functionality and product protection. Consumer preference for eco-friendly options supports the adoption of biodegradable packaging, enhancing brand reputation and customer loyalty. Government restrictions drive the eco-friendly industry, while material and manufacturing advancements improve biodegradable packaging's performance, such as barrier characteristics and compostability. As sustainability becomes a worldwide issue, the need for biodegradable packaging will rise, decreasing waste and fostering a more sustainable future.The future of the French biodegradable plastic market looks promising, with upcoming trends and advancements expected to shape the landscape.
The global biodegradable plastics market is made up of several countries, including the United States, Canada, France, Germany, the United Kingdom, Italy, the Netherlands, Spain, China, South Korea, Japan, India, Indonesia, Malaysia, Argentina, Brazil, Mexico, Colombia, Saudi Arabia, Australia, South Africa, Israel, and the United Arab Emirates. Due to client demand and environmental goals, France's biodegradable plastic business is predicted to flourish. France's dedication to sustainability will result in a cleaner future and higher use of biodegradable plastics. Government assistance in the form of incentives, subsidies, and restrictions will boost industrial expansion and encourage technical and manufacturing advances. Ongoing research and development will increase biodegradable polymers' durability, flexibility, and cost. Companies that react to the increased demand for eco-friendly goods might improve their sustainability image.
Key Company
The globally biodegradable plastic market is dominated by Total Corbion, Mitsubishi Chemical Holding Corporation, Toray Industries, BASF SE, Green Dot Bioplastics, and Amcor Limited. As part of their dedication to sustainability, they provide innovative biodegradable plastic solutions for a variety of industries, including packaging, automotive, and consumer products.This latest report “Biodegradable Plastic Market, Global Forecast By Material Type (PBAT, PBS, PLA, PHA, Starch Blends and Others), Applications (Packaging, Agriculture, Consumer Goods and others), Countries (United States, Canada, Germany, the United Kingdom, France, Italy, the Netherlands, Spain, China, South Korea, Japan, India, Indonesia, Malaysia, Argentina, Brazil, Mexico, Colombia, Saudi Arabia, South Africa, Israel, Australia, and the UAE), Companies (Total Corbion, Mitsubishi Chemical Holding Corporation, Toray Industries, BASF SE, Green Dot Bioplastics, and Amcor Limited)” provides a detailed analysis of Global Biodegradable Plastic Industry.
Material Type - Global Biodegradable Plastic Market & Volume have been covered from 6 viewpoints:
1. PBAT2. PBS
3. PLA
4. PHA
5. Starch Blends
6. Others
Applications - Global Biodegradable Plastic Market have been covered from 4 viewpoints:
1. Packaging2. Agriculture
3. Consumer Goods
4. Others
Country - Global Biodegradable Plastic Market have been covered from all the 23 Countries:
1. North America
1.1 United States1.2 Canada
2 Latin America
2.1 Argentina2.2 Brazil
2.3 Mexico
2.4 Colombia
3 Europe
3.1 Germany3.2 United Kingdom
3.3 France
3.4 Italy
3.5 Netherlands
3.6 Spain
4 Asia Pacific
4.1 China4.2 South Korea
4.3 Japan
4.4 India
4.5 Indonesia
4.6 Malaysia
4.7 Australia
5 Middle East & Africa
5.1 Saudi Arabia5.2 UAE
5.3 Israel
5.4 South Africa
Company Insights:
- Overview
- Recent Developments
- Sales Analysis
Companies Covered:
1. Total Corbion2. Mitsubishi Chemical Holding Corporation
3. Toray Industries
4. BASF SE
5. Green Dot Bioplastics
6. Amcor Limited
8. HelloFresh
Table of Contents
1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
5. Biodegradable Plastics
6. Share Analysis
7. Material Type
8. Applications Market
9. Country - Global Biodegradable Plastic Market have been covered from all the 23 Countries:
10. Porter’s Five Analysis - Global Biodegradable Plastics Market
11. SWOT Analysis - Global Biodegradable Plastics Market
12. Company Analysis
List of Figures:
List of Tables:
Companies Mentioned
- Total Corbion
- Mitsubishi Chemical Holding Corporation
- Toray Industries
- BASF SE
- Green Dot Bioplastics
- Amcor Limited
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | July 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 5.28 Billion |
| Forecasted Market Value ( USD | $ 14.43 Billion |
| Compound Annual Growth Rate | 13.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
