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Biodegradable Plastics Market by Type and End-Use Industry, Forecasts to 2027

  • ID: 5229358
  • Report
  • July 2020
  • Region: Global
  • 273 pages
  • Reports and Data

FEATURED COMPANIES

  • BASF SE
  • Biome Bioplastics
  • Bio-On
  • Danimer Scientific
  • NatureWorks
  • Novamont S.P.A
The surging demand for biodegradable plastics observed in the packaging sector and significant agricultural applications will be favorable for market growth.

Market Size - USD 3.40 Billion in 2019, Market Growth - CAGR of 14.28%, Market Trends - High demand in the Packaging industry.

The Global Biodegradable Plastics Market is forecast to reach USD 9.85 Billion by 2027, registering a CAGR of 14.28% over the forecast period. The production of biodegradable plastics generally involves renewable raw materials. The biodegradable plastics market is fueled by regulations imposed on single-use plastics due to environmental concerns raised by the proliferation of plastics in landfills and oceans. These wastes mostly consist of toxic materials. The burning of these materials breeds toxicity in the environment. These factors promote biodegradable plastic use and result in high demand.

The growing understanding among the masses has led to the adoption of eco-friendly technologies, the awareness of traditional plastics' ill-effects has led to an innovative end-user demand. The most significant move to biodegradable plastic was witnessed in the packaging market. The packaging sector has to comply with strict government regulations, which have contributed to significant improvements in the packaging industry's manufacturing process and raw materials used.

There are unique problems facing the industry; there is no simple distinction between biodegradable plastic and non-biodegradable plastic. Thus, the use of non-biodegradable plastic in biodegradable landfills beats the goal of biodegradability. One of the factors that may restrict the growth of the demand for biodegradable plastics is the high cost of biodegradable plastics. Given the economic slowdown, the reduction of disposable income could pose a challenge to the growth of the market for biodegradable plastics. Biodegradable plastics decompose over time, but they require complex decomposition conditions that may not be available in every landfill, raising concerns about the efficacy of biodegradable plastics.

Further Key Findings From the Report Suggest
  • Consumer goods will be a lucrative segment and will grow at a CAGR of 14.59%. Due to the strict government regulations to mitigate the piling up of e-waste, household appliances and electronic devices are gradually increasing the use of biodegradable plastics. Modern types of plastic are used by electronic devices such as circuit boards and casings.
  • The highest share in the biodegradable plastics industry is held by starch-based plastics. It has many environmental advantages, such as reducing the carbon footprint of conventional resins besides being highly bio-degradable. Due to its low toxicity, biocompatibility, and mechanical properties, it is increasingly being blended with biopolymers. In the case of polysaccharides, more than 75 percent of the organic material on earth is present. Corn is commonly considered the go-to source for the development of starch. As a processing method, starch employs the wet-milling process.
  • The fastest-growing market will be the European region. The rules and regulations for the transition to a low carbon & circular economy would lead to the further development of the region's biodegradable plastics industry. The European region is working to minimize plastic bag use by 80%, resulting in the widespread use of biodegradable, flexible, and rigid packaging in the region.
  • NatureWorks, Total Corbion PLA, BASF SE, Biome Bioplastics, Bio-On, Mitsubishi Chemical Corporation, Novamont S.P.A, Danimer Scientific, Plantic Technologies, and Toray Industries, among others, are the main participants in the biodegradable plastics sector.
  • Total Corbion began production in Rayon, Thailand, in December 2018. An important step in the growth of the biodegradable plastic market in the Asia Pacific region would be the production capacity of 75 KT of Total Corbion. It manufactures PLA and PDLA from non-GMO sugarcane grown locally.
For the purpose of the report, the Global Biodegradable Plastics Market has been segmented based on type, end-use industry, and region:

Type Outlook Revenue, USD Million; Volume, Kilo Tons; 2017-2027
  • PLA
  • Starch Blends
  • Biodegradable Polyesters
  • PHA
  • Others
End-Use Industry Outlook Revenue, USD Million; Volume, Kilo Tons; 2017-2027
  • Packaging
  • Agriculture
  • Consumer Goods
  • Others
Regional Outlook Revenue, USD Million; Volume, Kilo Tons; 2017-2027
  • North America
  • U.S.
  • Europe
  • U.K.
  • France
  • Asia Pacific
  • China
  • India
  • Japan
  • Latin America
  • Brazil
  • Middle East & Africa
Reasons to Buy the Report
  • A robust analysis and estimation of the Biodegradable Plastics Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
  • A holistic competitive landscape of the all the major players in Biodegradable Plastics market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
  • Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
  • Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
  • Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BASF SE
  • Biome Bioplastics
  • Bio-On
  • Danimer Scientific
  • NatureWorks
  • Novamont S.P.A
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027

Chapter 3. Indicative Metrics

Chapter 4. Biodegradable Plastics Market Segmentation & Impact Analysis
4.1. Biodegradable Plastics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market driver’s analysis
4.2.2.1. Growing use in the food packaging sector
4.2.2.2. Increasing adoption of eco-friendly technology by the consumers
4.2.3. Market restraints analysis
4.2.3.1. High Cost of Biodegradable plastics
4.2.3.2. Performance issues faced by the biodegradable plastics
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence

Chapter 5. Biodegradable Plastics By Type Insights & Trends
5.1. Type Dynamics & Market Share, 2019 & 2027
5.2. PLA
5.2.1. Market estimates and forecast, 2017 - 2027 (USD Million) (Kilo Tons)
5.2.2. Market estimates and forecast, By Region, 2017 - 2027 (USD Million) (Kilo Tons)
5.3. Starch Blends
5.3.1. Market estimates and forecast, 2017 - 2027 (USD Million) (Kilo Tons)
5.3.2. Market estimates and forecast, By Region, 2017 - 2027 (USD Million) (Kilo Tons)
5.4. Biodegradable Polyesters
5.4.1. Market estimates and forecast, 2017 - 2027 (USD Million) (Kilo Tons)
5.4.2. Market estimates and forecast, By Region, 2017 - 2027 (USD Million) (Kilo Tons)
5.5. PHA
5.5.1. Market estimates and forecast, 2017 - 2027 (USD Million) (Kilo Tons)
5.5.2. Market estimates and forecast, By Region, 2017 - 2027 (USD Million) (Kilo Tons)
5.6. Others
5.6.1. Market estimates and forecast, 2017 - 2027 (USD Million) (Kilo Tons)
5.6.2. Market estimates and forecast, By Region, 2017 - 2027 (USD Million) (Kilo Tons)

Chapter 6. Biodegradable Plastics By End Use Industry Insights & Trends
6.1. End Use Industry Dynamics & Market Share, 2019 & 2027
6.2. Packaging
6.2.1. Market estimates and forecast, 2017 - 2027 (USD Million) (Kilo Tons)
6.2.2. Market estimates and forecast, By Region, 2017 - 2027 (USD Million) (Kilo Tons)
6.3. Agriculture
6.3.1. Market estimates and forecast, 2017 - 2027 (USD Million) (Kilo Tons)
6.3.2. Market estimates and forecast, By Region, 2017 - 2027 (USD Million) (Kilo Tons)
6.4. Consumer Goods
6.4.1. Market estimates and forecast, 2017 - 2027 (USD Million) (Kilo Tons)
6.4.2. Market estimates and forecast, By Region, 2017 - 2027 (USD Million) (Kilo Tons)
6.5. Others
6.5.1. Market estimates and forecast, 2017 - 2027 (USD Million) (Kilo Tons)
6.5.2. Market estimates and forecast, By Region, 2017 - 2027 (USD Million) (Kilo Tons)

Chapter 7. Biodegradable Plastics Market Regional Outlook
7.1. Biodegradable Plastics Market share By Region, 2019 & 2027
7.2. North America
7.2.1. North America Biodegradable Plastics Market estimates and forecast, 2017 - 2027, (USD Million) (Kilo Tons)
7.2.2. North America Biodegradable Plastics Market estimates and forecast By Type, 2017-2027, (USD Million) (Kilo Tons)
7.2.3. North America Biodegradable Plastics Market estimates and forecast by End Use Industry, 2017-2027, (USD Million) (Kilo Tons)
7.2.4. U.S.
7.2.4.1. U.S. Biodegradable Plastics Market estimates and forecast, 2017 - 2027, (USD Million) (Kilo Tons)
7.2.4.2. U.S. Biodegradable Plastics Market estimates and forecast By Type, 2017-2027, (USD Million) (Kilo Tons)
7.2.4.3. U.S. Biodegradable Plastics Market estimates and forecast by End Use Industry, 2017-2027, (USD Million) (Kilo Tons)
7.3. Europe
7.3.1. Europe Biodegradable Plastics Market estimates and forecast, 2017 - 2027, (USD Million) (Kilo Tons)
7.3.2. Europe Biodegradable Plastics Market estimates and forecast By Type, 2017-2027, (USD Million) (Kilo Tons)
7.3.3. Europe Biodegradable Plastics Market estimates and forecast by End Use Industry, 2017-2027, (USD Million) (Kilo Tons
7.3.4. U.K.
7.3.4.1. U.K. Biodegradable Plastics Market estimates and forecast, 2017 - 2027, (USD Million) (Kilo Tons)
7.3.4.2. U.K. Biodegradable Plastics Market estimates and forecast By Type, 2017-2027, (USD Million) (Kilo Tons)
7.3.4.3. U.K. Biodegradable Plastics Market estimates and forecast by End Use Industry, 2017-2027, (USD Million) (Kilo Tons)
7.3.5. France
7.3.5.1. France Biodegradable Plastics Market estimates and forecast, 2017 - 2027, (USD Million) (Kilo Tons)
7.3.5.2. France Biodegradable Plastics Market estimates and forecast By Type, 2017-2027, (USD Million) (Kilo Tons)
7.3.5.3. France Biodegradable Plastics Market estimates and forecast by End Use Industry, 2017-2027, (USD Million) (Kilo Tons)
7.4. Asia-Pacific
7.4.1. Asia-Pacific Biodegradable Plastics Market estimates and forecast, 2017 - 2027, (USD Million) (Kilo Tons)
7.4.2. Asia Pacific Biodegradable Plastics Market estimates and forecast By Type, 2017-2027, (USD Million) (Kilo Tons)
7.4.3. Asia Pacific Biodegradable Plastics Market estimates and forecast by End Use Industry, 2017-2027, (USD Million) (Kilo Tons)
7.4.4. China
7.4.4.1. China Biodegradable Plastics Market estimates and forecast, 2017 - 2027, (USD Million) (Kilo Tons)
7.4.4.2. China Biodegradable Plastics Market estimates and forecast By Type, 2017-2027, (USD Million) (Kilo Tons)
7.4.4.3. China Biodegradable Plastics Market estimates and forecast by End Use Industry, 2017-2027, (USD Million) (Kilo Tons)
7.4.5. India
7.4.5.1. India Biodegradable Plastics Market estimates and forecast, 2017 - 2027, (USD Million) (Kilo Tons)
7.4.5.2. India Biodegradable Plastics Market estimates and forecast By Type, 2017-2027, (USD Million) (Kilo Tons)
7.4.5.3. India Biodegradable Plastics Market estimates and forecast by End Use Industry, 2017-2027, (USD Million) (Kilo Tons)
7.4.6. Japan
7.4.6.1. Japan Biodegradable Plastics Market estimates and forecast, 2017 - 2027, (USD Million) (Kilo Tons)
7.4.6.2. Japan Biodegradable Plastics Market estimates and forecast By Type, 2017-2027, (USD Million) (Kilo Tons)
7.4.6.3. Japan Biodegradable Plastics Market estimates and forecast by End Use Industry, 2017-2027, (USD Million) (Kilo Tons)
7.5. Middle East and Africa
7.5.1. Middle East and Africa Biodegradable Plastics Market estimates and forecast, 2017 - 2027, (USD Million) (Kilo Tons)
7.5.2. Middle East and Africa Biodegradable Plastics Market estimates and forecast By Type, 2017-2027, (USD Million) (Kilo Tons)
7.5.3. Middle East and Africa Biodegradable Plastics Market estimates and forecast by End Use Industry, 2017-2027, (USD Million) (Kilo Tons)
7.6. Latin America
7.6.1. Latin America Biodegradable Plastics Market estimates and forecast, 2017 - 2027, (USD Million) (Kilo Tons)
7.6.2. Latin America Biodegradable Plastics Market estimates and forecast By Type, 2017-2027, (USD Million) (Kilo Tons)
7.6.3. Latin America Biodegradable Plastics Market estimates and forecast by End Use Industry, 2017-2027, (USD Million) (Kilo Tons)
7.6.4. Brazil
7.6.4.1. Brazil Biodegradable Plastics Market estimates and forecast, 2017 - 2027, (USD Million) (Kilo Tons)
7.6.4.2. Brazil Biodegradable Plastics Market estimates and forecast By Type, 2017-2027, (USD Million) (Kilo Tons)
7.6.4.3. Brazil Biodegradable Plastics Market estimates and forecast by End Use Industry, 2017-2027, (USD Million) (Kilo Tons)

Chapter 8. Competitive Landscape
8.1. Market Revenue Share By Manufacturers
8.2. Manufacturing Cost Breakdown Analysis
8.3. Mergers & Acquisitions
8.4. Market positioning
8.5. Strategy Benchmarking
8.6. Vendor Landscape

Chapter 9. Company Profiles
9.1. NatureWorks
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Technology Insights
9.1.4. Strategic Initiatives
9.2. BASF SE
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Technology Insights
9.2.4. Strategic Initiatives
9.3. Total Corbion PLA
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Technology Insights
9.3.4. Strategic Initiatives
9.4. Mitsubishi Chemical Corporation
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Technology Insights
9.4.4. Strategic Initiatives
9.5. Biome Bioplastics
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Technology Insights
9.5.4. Strategic Initiatives
9.6. Bio-On
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Technology Insights
9.6.4. Strategic Initiatives
9.7. Novamont S.P.A
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Technology Insights
9.7.4. Strategic Initiatives
9.8. Plantic Technologies
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Technology Insights
9.8.4. Strategic Initiatives
9.9. Danimer Scientific.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Technology Insights
9.9.4. Strategic Initiatives
9.10. Toray Industries
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Technology Insights
9.10.4. Strategic Initiatives
Note: Product cover images may vary from those shown
  • BASF SE
  • NatureWorks
  • Total Corbion PLA
  • Mitsubishi Chemical Corporation
  • Biome Bioplastics
  • Bio-On
  • Novamont S.P.A
  • Plantic Technologies
  • Danimer Scientific
  • Toray Industries
Note: Product cover images may vary from those shown
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