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The Biodegradable Plastics Market size was estimated at USD 7.38 billion in 2023, USD 8.31 billion in 2024, and is expected to grow at a CAGR of 12.60% to reach USD 16.96 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Biodegradable plastics are environmentally friendly materials designed to break down efficiently and safely under natural conditions, leading to their disintegration into harmless byproducts. These materials are engineered to undergo degradation processes facilitated by various biological agents, such as microorganisms, fungi, and algae. The production of biodegradable plastics involves using renewable resources, such as starches derived from corn or potatoes, cellulose extracted from plants, and organic polymers synthesized by bacteria. The stringent government regulations on single-use plastics disposal and increasing public awareness about environmental conservation can increase the adoption of biodegradable plastics. However, higher production costs of bio-based materials than traditional petroleum-based plastics deter widespread adoption. Nevertheless, technological advancements leading to new product development using bio-based raw materials, including polylactic acid (PLA) or polyhydroxyalkanoate (PHA), and the increasing demand for biodegradable plastics in niche applications such as 3D printing materials, biomedical devices, and marine pollution control solutions creates significant opportunities for the biodegradable plastic industry.
Regional Insights
In America, factors such as supportive governmental policies for reducing single-use plastics, increased consumer awareness about plastic waste, and growing interest in environmentally friendly packaging solutions are driving the market growth. The European Union's stringent regulations on plastic waste management have significantly contributed to the development and adoption of biodegradable plastic. In addition, several manufacturing industries adopt sustainable materials in their production, supporting the penetration of biodegradable plastic.Rapid urbanization and industrialization, coupled with increased environmental concerns, are driving this growth, particularly in countries such as China, India, Japan, and South Korea. In addition to that, several market players are focusing on R&D, and the introduction of innovative biodegradable plastic are propelling the adoption of biodegradable plastics in this region.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Biodegradable Plastics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Biodegradable Plastics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Biodegradable Plastics Market, highlighting leading vendors and their innovative profiles. These include Arkema SA, ARMANDO ÁLVAREZ, S.A., BASF SE, Bewi Group, Bio-on S.p.A., Biome Bioplastics Limited, BioPak Pty Ltd by Duni AB, Braskem SA, CHUKOH CHEMICAL INDUSTRIES, LTD., Clondalkin Group Holdings B.V., Coperion GmbH, Danimer Scientific, European Bioplastics e.V, Green Dot Bioplastics Inc., Kuraray Co., Ltd., Mitsubishi Chemical Corporation, NatureWorks LLC, Novamont SpA, Plantic Technologies Ltd., Shimadzu Corporation, SpecialChem S.A., TianAn Biologic Materials Co., Ltd., Tianjin Greenbio Materials Co., Ltd., Toray Industries Inc., and Total Corbion PLA.Market Segmentation & Coverage
This research report categorizes the Biodegradable Plastics Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- PBAT
- PBS
- PHA
- PLA
- Starch Based
- Application
- Agriculture
- Injection Molding
- Packaging
- Textile
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Biodegradable Plastics Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Biodegradable Plastics Market?
- What are the technology trends and regulatory frameworks in the Biodegradable Plastics Market?
- What is the market share of the leading vendors in the Biodegradable Plastics Market?
- Which modes and strategic moves are suitable for entering the Biodegradable Plastics Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Biodegradable Plastics Market, by Type
7. Biodegradable Plastics Market, by Application
8. Americas Biodegradable Plastics Market
9. Asia-Pacific Biodegradable Plastics Market
10. Europe, Middle East & Africa Biodegradable Plastics Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
List of Figures
List of Tables
Companies Mentioned
- Arkema SA
- ARMANDO ÁLVAREZ, S.A.
- BASF SE
- Bewi Group
- Bio-on S.p.A.
- Biome Bioplastics Limited
- BioPak Pty Ltd by Duni AB
- Braskem SA
- CHUKOH CHEMICAL INDUSTRIES, LTD.
- Clondalkin Group Holdings B.V.
- Coperion GmbH
- Danimer Scientific
- European Bioplastics e.V
- Green Dot Bioplastics Inc.
- Kuraray Co., Ltd.
- Mitsubishi Chemical Corporation
- NatureWorks LLC
- Novamont SpA
- Plantic Technologies Ltd.
- Shimadzu Corporation
- SpecialChem S.A.
- TianAn Biologic Materials Co., Ltd.
- Tianjin Greenbio Materials Co., Ltd.
- Toray Industries Inc.
- Total Corbion PLA
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 8.31 Billion |
| Forecasted Market Value ( USD | $ 16.96 Billion |
| Compound Annual Growth Rate | 12.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
