Biodegradable Plastics Market by Type, End Use Industry, and Region - Global Forecast to 2023

  • ID: 4659983
  • Report
  • Region: Global
  • 113 Pages
  • Markets and Markets
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Market Size of Biodegradable Plastics Expected to Reach USD 6.12 Billion by 2023 from USD 3.02 Billion in 2018, at a CAGR of 15.1%

FEATURED COMPANIES

  • Api S.P.A
  • Biome Bioplastics
  • Clondalkin
  • Green Dot Bioplastics
  • Novamont S.P.A.
  • Sphere
  • MORE

"Biodegradable Plastics Market by Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), End Use Industry (Packaging & Bags, Consumer Goods, Agriculture & Horticulture), and Region (APAC, Europe, North America, Rest of the World) - Global Forecast to 2023"

"Increasing use in packaging & bags end-use industry is one of the major factors driving the market."

The market size of biodegradable plastics is expected to reach USD 6.12 billion by 2023 from USD 3.02 billion in 2018, at a CAGR of 15.1%. The growth of the packaging & bags industry is driving the market for biodegradable plastics. Consumer awareness toward sustainable plastic solutions and pervasive efforts to eliminate the use of non-biodegradable conventional plastics is contributing to the market growth of biodegradable plastics.

"Packaging & bags is projected to be the fastest-growing end-use industry of biodegradable plastics during the forecast period."

Biodegradable plastics is widely used in the packaging & bags industry. It is expected to be the fastest-growing end-use industry segment of the biodegradable plastics market between 2018 and 2023. Biodegradable plastics are used for manufacturing bottles, loose-fill, cups, pots, bowls, flexible films, and other products. Thermoset plastics (soy polyurethanes and unsaturated polyester resins) and thermoplastics (PLA, starch blends, PBS, PHA, and cellulose) are the two types of biodegradable plastics mainly used in the packaging industry.

"Rising demand in APAC is the major driver for the biodegradable plastics market."
 
APAC is expected to be the fastest-growing biodegradable plastics market during the forecast period. APAC is a rapidly emerging economy, and hence foreign investors and plastics manufacturers are establishing their production plants in this region. The growth of the market in this region can be attributed to the easy availability of raw materials and growing packaging & bags industry.

The breakdown of primary interviews is given below:

  • By Company Type: Tier 1 - 30%, Tier 2 - 35%, and Tier 3 - 35%
  • By Designation: C Level - 40%, D Level - 40%, and Others - 20%
  • By Region: North America - 15%, Europe - 25%, APAC- 50%, RoW - 10%.

The report also provides company profiles and detailed competitive strategies adopted by major market players, such as NatureWorks (US), BASF (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical Corporation (Japan), and Biome Bioplastics (UK).

Research Coverage

The market is segmented based on type, end-use industry, and region. This report covers the biodegradable plastics market, in terms of value and volume, and forecasts its market size till 2023. The report also provides company profiles and competitive strategies adopted by key players in the biodegradable plastics market.

Reasons to Buy the Report

The report will help the market leaders/new entrants in this market in the following ways:

1. The report segments the biodegradable plastics market comprehensively and provides the closest approximations of the revenue for the overall market and the subsegments and regions.

2. The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, opportunities, and challenges.

3. The report helps stakeholders understand their competitors better and gain additional insights into the business. The competitive landscape section includes expansions, new product launches, mergers, acquisitions & partnerships.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Api S.P.A
  • Biome Bioplastics
  • Clondalkin
  • Green Dot Bioplastics
  • Novamont S.P.A.
  • Sphere
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in the Biodegradable Plastics Market
    4.2 Biodegradable Plastics Market, By Type
    4.3 APAC Biodegradable Plastics Market, By Country and End-Use Industry
    4.4 Biodegradable Plastics Market, By End-Use Industry Packaging & Bags Was the Largest Segment in 2017
    4.5 Biodegradable Plastics Market, By Region

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Use in Food Packaging & Compostable Bags Applications
                    5.2.1.2 Shift in Consumer Preference Toward Eco-Friendly Plastic Products
                    5.2.1.3 Focus of Governments on Green Procurement Policies
           5.2.2 Restraints
                    5.2.2.1 Higher Cost of Biodegradable Plastics Than That of Conventional Plastics
           5.2.3 Opportunities
                    5.2.3.1 Emerging End-Use Industries of Biodegradable Plastics
           5.2.4 Challenges
                    5.2.4.1 Performance Issues Related to Biodegradable Plastic
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Bargaining Power of Buyers
           5.3.3 Threat of New Entrants
           5.3.4 Threat of Substitutes
           5.3.5 Intensity of Competitive Rivalry

6 Biodegradable Plastics Market, By Type
    6.1 Introduction
    6.2 PLA
           6.2.1 Increasing Use of PLA in Cold Products for Frozen Items and in Food Packaging to Drive the Demand
    6.3 Starch Blends
           6.3.1 Benefits Such as Biodegradability, Renewability, and Low Cost Will Boost the Demand of Starch Blends
    6.4 PHA
           6.4.1 Use of High-Quality Materials in Pacakging to Drive the Growth of PHA
    6.5 Biodegradable Polyesters
           6.5.1 Increase in Demand for Pcl, Pbat, and Pbs for Soft Compostable Packaging to Drive the Market
                    6.5.1.1 Pcl
                    6.5.1.2 Pbat
                    6.5.1.3 Pbs
    6.6 Others
           6.6.1 The Ability of Regenerated Cellulose and Cellulose Derivative to Produce Smooth and Uniformed Biodegradable Polymers is Fueling Demand
                    6.6.1.1 Regenerated Cellulose
                    6.6.1.2 Cellulose Derivatives

7 Biodegradable Plastics Market, By End-Use Industry
    7.1 Introduction
    7.2 Packaging & Bags
           7.2.1 Packaging & Bags Segment Accounted for the Largest End Use Industry of Biodegradable Plastics
    7.3 Consumer Goods
           7.3.1 Consumer Goods Segment is Projected to Grow at the Second-Fastest CAGR During the Forecast Period
    7.4 Agriculture & Horticulture
           7.4.1 Biodegradable Plastics are Used in the Agriculture & Horticulture Industry for Manufacturing Mulches, Seeding Strips, and Tapes
    7.5 Textile
           7.5.1 in Textile Industry PLA is Extensively Used Due to Its Excellent Property of Extremely Low Moisture Regain
    7.6 Others

8 Biodegradable Plastics Market, By Region
    8.1 Introduction
    8.2 North America
           8.2.1 Us
                    8.2.1.1 US Accounted for the Largest Market Size in the Biodegradable Plastics Market in North America
           8.2.2 Canada
                    8.2.2.1 Canada is Expected to Witness the High Growth Rate in the Biodegradable Plastics Market in North America
           8.2.3 Mexico
                    8.2.3.1 The Growing Environmental Concerns are Fuelling the Demand for Sustainable Alternatives in the Country
    8.3 Europe
           8.3.1 Germany
                    8.3.1.1 The Presence of A Large Number of Biodegradable Plastics Manufacturers and Processors Boost the Market in the Country
           8.3.2 France
                    8.3.2.1 France is Expected to Grow With Highest CAGR in Europe During Forecast Period
           8.3.3 Uk
                    8.3.3.1 Growing Food & Beverage Packaging Industry in UK to Boost the Market
           8.3.4 Italy
                    8.3.4.1 Biodegradable Plastics are Increasingly Being Used in Agriculture Industry in Italy
           8.3.5 Spain
                    8.3.5.1 Spain is Gaining Momentum With the Growing Packaging & Bags and Consumer Goods End-Use Industries in the Country
           8.3.6 Rest of Europe
    8.4 APAC
           8.4.1 China
                    8.4.1.1 China to Be the Largest and Fastest Growing Country for Biodegradable Plastics in APAC Region
           8.4.2 Japan
                    8.4.2.1 Adoption of New Technologies to Increase the Production Capacity of Biodegradable Plastics in the Country
           8.4.3 India
                    8.4.3.1 Biodegradable Mulch Films are Widely Used in the Agriculture Industry in India
           8.4.4 South Korea
                    8.4.4.1 Use of Biodegradable Plastics is Gaining Momentum in the Country With Increasing Environmental Concerns
           8.4.5 Rest of APAC
    8.5 Rest of the World (RoW)
           8.5.1 Brazil
                    8.5.1.1 Packaging & Bags to Be the Largest and Fastest Growing Market for Biodegradable Plastics in RoW
           8.5.2 Argentina
                    8.5.2.1 Increasing Use of Biodegradable Plastics is Attributed to Shift in Focus From Traditional Plastic to Biodegradable Plastics in Argentina
           8.5.3 Other Countries

9 Competitive Landscape
    9.1 Overview
    9.2 Market Ranking of Key Players
    9.3 Competitive Situation & Trends
           9.3.1 New Product Launches
           9.3.2 Expansions
           9.3.3 Mergers, Acquisitions, and Partnerships

10 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, View)*
     10.1 Natureworks
     10.2 BASF SE
     10.3 Total Corbion PLA
     10.4 Mitsubishi Chemical Corporation
     10.5 Biome Bioplastics
     10.6 Plantic Technologies
     10.7 Bio-On
     10.8 Danimer Scientific
     10.9 Novamont S.P.A.
     10.10 Toray Industries
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, View Might Not Be Captured in Case of Unlisted Companies.
     10.11 Other Players
             10.11.1 Zhejiang Hisun Biomaterials Co., Ltd
             10.11.2 Succinity GmbH
             10.11.3 Perstorp
             10.11.4 Bio-Fed
             10.11.5 Tianan Biologic Materials Co.
             10.11.6 Synbra Technology Bv
             10.11.7 Tianjin Greenbio Materials Co., Ltd
             10.11.8 Fkur Kunststoff GmbH
             10.11.9 Sphere
             10.11.10 Newlight Technologies
             10.11.11 Green Dot Bioplastics
             10.11.12 Api S.P.A
             10.11.13 Carbiolice
             10.11.14 Indochine Bio Plastiques (Icbp) Sdn. Bhd
             10.11.15 Clondalkin

List of Tables
Table 1 Biodegradable Plastics Market Size, By Type, 2016-2023 (USD Million)
Table 2 Biodegradable Plastics Market Size, By Type, 2016-2023 (Kiloton)
Table 3 Biodegradable Plastics Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 4 Biodegradable Plastics Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 5 Biodegradable Plastics, Market Size in Packaging & Bags, By Region, 2016-2023 (USD Million)
Table 6 Biodegradable Plastics Market Size in Packaging & Bags, By Region, 2016-2023 (Kiloton)
Table 7 Biodegradable Plastics, Market Size in Consumer Goods, By Region, 2016-2023 (USD Million)
Table 8 Biodegradable Plastics, Market Size in Consumer Goods, By Region, 2016-2023 (Kiloton)
Table 9 Biodegradable Plastics Market Size in Agriculture & Horticulture , By Region, 2016-2023 (USD Million)
Table 10 Biodegradable Plastics Market Size in Agriculture & Horticulture, By Region, 2016-2023 (Kiloton)
Table 11 Biodegradable Plastics Market Size in Textile, By Region, 2016-2023 (USD Million)
Table 12 Biodegradable Plastics Market Size in Textile , By Region, 2016-2023 (Kiloton)
Table 13 Biodegradable Plastics Market Size in Others, By Region, 2016-2023 (USD Million)
Table 14 Biodegradable Plastics Market Size in Others, By Region, 2016-2023 (Kiloton)
Table 15 Biodegradable Plastics Market Size, By Region, 2016-2023 (USD Million)
Table 16 Biodegradable Plastics Market Size, By Region, 2016-2023 (Kiloton)
Table 17 North America: By Market Size, By Country, 2016-2023 (USD Million)
Table 18 North America: By Market Size, By Country, 2016-2023 (Kiloton)
Table 19 North America: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 20 North America: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 21 US: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 22 US: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 23 Canada: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 24 Canada: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 25 Mexico: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 26 Mexico: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 27 Europe: By Market Size, By Country, 2016-2023 (USD Million)
Table 28 Europe: By Market Size, By Country, 2016-2023 (Kiloton)
Table 29 Europe: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 30 Europe: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 31 Germany: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 32 Germany: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 33 France: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 34 France: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 35 UK: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 36 UK: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 37 Italy: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 38 Italy: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 39 Spain: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 40 Spain: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 41 Rest of Europe: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 42 Rest of Europe: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 43 APAC: By Market Size, By Country, 2016-2023 (USD Million)
Table 44 APAC: By Market Size, By Country, 2016-2023 (Kiloton)
Table 45 APAC: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 46 APAC: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 47 China: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 48 China: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 49 Japan: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 50 Japan: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 51 India: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 52 India: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 53 South Korea: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 54 South Korea: By Market Size, By End-Use, 2016-2023 (Kiloton)
Table 55 Rest of APAC: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 56 Rest of APAC: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 57 RoW: By Market Size, By Country, 2016-2023 (USD Million)
Table 58 RoW: By Market Size, By Country, 2016-2023 (Kiloton)
Table 59 RoW: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 60 RoW: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 61 Brazil: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 62 Brazil: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 63 Argentina: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 64 Argentina: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)
Table 65 Other Countries: By Market Size, By End-Use Industry, 2016-2023 (USD Million)
Table 66 Other Countries: By Market Size, By End-Use Industry, 2016-2023 (Kiloton)

List of Figures
Figure 1 Biodegradable Plastics Market Segmentation
Figure 2 Biodegradable Plastics Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Biodegradable Plastics Market: Data Triangulation
Figure 6 PLA to Be the Leading Type of Biodegradable Plastics
Figure 7 Packaging & Bags to Be the Largest and the Fastest-Growing End-Use Industry of Biodegradable Plastics
Figure 8 Europe to Be the Largest Biodegradable Plastics Market
Figure 9 Europe Led the Biodegradable Plastics Market in 2017
Figure 10 Increasing Use of Biodegradable Plastics in the Packaging & Bags Industry to Drive the Market Between 2018 and 2023
Figure 11 PLA to Be the Fastest-Growing Type of Biodegradable Plastics
Figure 12 China Accounted for the Largest Share of the Biodegradable Plastics Market
Figure 13 APAC to Be the Fastest-Growing Biodegradable Plastics Market
Figure 14 Overview of Factors Governing the Biodegradable Plastics Market
Figure 15 Biodegradable Plastics Market: Porter’s Five Forces Analysis
Figure 16 PLA to Be the Fastest-Growing Type of Biodegradable Plastics
Figure 17 Packaging & Bags Was the Largest End-Use Industry of Biodegradable Plastics
Figure 18 Regional Snapshot (2018-2023): Europe to Account for the Largest Market Share
Figure 19 US Accounts for the Largest Share in North America
Figure 20 European Biodegradable Plastics Market Snapshot
Figure 21 APAC Biodegradable Plastics Market Snapshot
Figure 22 Brazil to Dominate the Biodegradable Plastics Market in RoW
Figure 23 Companies Have Adopted Expansions as the Key Strategy, 2013-2018
Figure 24 Natureworks Accounted for the Largest Market Share
Figure 25 Natureworks: SWOT Analysis
Figure 26 BASF SE: Company Snapshot
Figure 27 BASF SE: SWOT Analysis
Figure 28 Total Corbion Pla: SWOT Analysis
Figure 29 Mitsubishi Chemical Corporation: Company Snapshot
Figure 30 Mitsubishi Chemical Corporation: SWOT Analysis
Figure 31 Biome Bioplastics: Company Snapshot
Figure 32 Biome Bioplastics: SWOT Analysis
Figure 33 Toray Industries: Company Snapshot

Note: Product cover images may vary from those shown
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  • Api S.P.A
  • BASF SE
  • Bio-Fed
  • Bio-On
  • Biome Bioplastics
  • Carbiolice
  • Clondalkin
  • Danimer Scientific
  • Fkur Kunststoff GmbH
  • Green Dot Bioplastics
  • Indochine Bio Plastiques (Icbp) Sdn. Bhd
  • Mitsubishi Chemical Corporation
  • Natureworks
  • Newlight Technologies
  • Novamont S.P.A.
  • Perstorp
  • Plantic Technologies
  • Sphere
  • Succinity GmbH
  • Synbra Technology Bv
  • Tianan Biologic Materials Co.
  • Tianjin Greenbio Materials Co., Ltd
  • Toray Industries
  • Total Corbion PLA
  • Zhejiang Hisun Biomaterials Co., Ltd
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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