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Biodegradable Plastics - Global Strategic Business Report

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    Report

  • 103 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303117

Global Biodegradable Plastics Market to Reach $68.7 Billion by 2030

The global market for Biodegradable Plastics estimated at US$14.8 Billion in the year 2022, is projected to reach a revised size of US$68.7 Billion by 2030, growing at a CAGR of 21.1% over the analysis period 2022-2030. Starch Blends, one of the segments analyzed in the report, is projected to record 21.5% CAGR and reach US$22.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the PLA segment is readjusted to a revised 23% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 20.5% CAGR

The Biodegradable Plastics market in the U.S. is estimated at US$4.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$11.8 Billion by the year 2030 trailing a CAGR of 20.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.4% and 17% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13% CAGR.

Select Competitors (Total 62 Featured) -

  • API S.P.A
  • BASF SE
  • Bio-Fed
  • Biome Bioplastics
  • Bio-On
  • Carbiolice
  • Clondalkin
  • Danimer Scientific
  • Fkur Kunststoff GmbH
  • Green Dot Bioplastics

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Biodegradable Plastics

What is the estimated value of the Global Market for Biodegradable Plastics?

The Global Market for Biodegradable Plastics was estimated to be valued at $14.8 Billion in 2022.

What is the growth rate of the Global Market for Biodegradable Plastics?

The growth rate of the Global Market for Biodegradable Plastics is 21.2%, with an estimated value of $68.7 Billion by 2030.

What is the forecasted size of the Global Market for Biodegradable Plastics?

The Global Market for Biodegradable Plastics is estimated to be worth $68.7 Billion by 2030.

Who are the key companies in the Global Market for Biodegradable Plastics?

Key companies in the Global Market for Biodegradable Plastics include API S.P.A, BASF SE, Bio, Fed, Biome Bioplastics, Bio, On, Carbiolice, Clondalkin and Danimer Scientific.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Biodegradable Plastics - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Biodegradable Plastics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World 8-Year Perspective for Biodegradable Plastics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2023 & 2030
  • Table 3: World Recent Past, Current & Future Analysis for PLA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 4: World 8-Year Perspective for PLA by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for PBS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 6: World 8-Year Perspective for PBS by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for PBAT by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World 8-Year Perspective for PBAT by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 9: World Recent Past, Current & Future Analysis for PHA by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 10: World 8-Year Perspective for PHA by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 12: World 8-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World 8-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 15: World Recent Past, Current & Future Analysis for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 16: World 8-Year Perspective for Packaging by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Consumer Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 18: World 8-Year Perspective for Consumer Goods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 19: World Biodegradable Plastics Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 20: World Recent Past, Current & Future Analysis for Starch Blends by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 21: World 8-Year Perspective for Starch Blends by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Agriculture & Horticulture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World 8-Year Perspective for Agriculture & Horticulture by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
  • Table 24: World Recent Past, Current & Future Analysis for Textile by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 25: World 8-Year Perspective for Textile by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Biodegradable Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 26: USA Recent Past, Current & Future Analysis for Biodegradable Plastics by Type - Starch Blends, PLA, PBS, PBAT, PHA and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 27: USA 8-Year Perspective for Biodegradable Plastics by Type - Percentage Breakdown of Value Sales for Starch Blends, PLA, PBS, PBAT, PHA and Other Types for the Years 2023 & 2030
  • Table 28: USA Recent Past, Current & Future Analysis for Biodegradable Plastics by End-Use - Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 29: USA 8-Year Perspective for Biodegradable Plastics by End-Use - Percentage Breakdown of Value Sales for Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile for the Years 2023 & 2030
CANADA
  • Table 30: Canada Recent Past, Current & Future Analysis for Biodegradable Plastics by Type - Starch Blends, PLA, PBS, PBAT, PHA and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 31: Canada 8-Year Perspective for Biodegradable Plastics by Type - Percentage Breakdown of Value Sales for Starch Blends, PLA, PBS, PBAT, PHA and Other Types for the Years 2023 & 2030
  • Table 32: Canada Recent Past, Current & Future Analysis for Biodegradable Plastics by End-Use - Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 33: Canada 8-Year Perspective for Biodegradable Plastics by End-Use - Percentage Breakdown of Value Sales for Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile for the Years 2023 & 2030
JAPAN
  • Biodegradable Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 34: Japan Recent Past, Current & Future Analysis for Biodegradable Plastics by Type - Starch Blends, PLA, PBS, PBAT, PHA and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 35: Japan 8-Year Perspective for Biodegradable Plastics by Type - Percentage Breakdown of Value Sales for Starch Blends, PLA, PBS, PBAT, PHA and Other Types for the Years 2023 & 2030
  • Table 36: Japan Recent Past, Current & Future Analysis for Biodegradable Plastics by End-Use - Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 37: Japan 8-Year Perspective for Biodegradable Plastics by End-Use - Percentage Breakdown of Value Sales for Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile for the Years 2023 & 2030
CHINA
  • Biodegradable Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 38: China Recent Past, Current & Future Analysis for Biodegradable Plastics by Type - Starch Blends, PLA, PBS, PBAT, PHA and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 39: China 8-Year Perspective for Biodegradable Plastics by Type - Percentage Breakdown of Value Sales for Starch Blends, PLA, PBS, PBAT, PHA and Other Types for the Years 2023 & 2030
  • Table 40: China Recent Past, Current & Future Analysis for Biodegradable Plastics by End-Use - Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 41: China 8-Year Perspective for Biodegradable Plastics by End-Use - Percentage Breakdown of Value Sales for Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile for the Years 2023 & 2030
EUROPE
  • Biodegradable Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 42: Europe Recent Past, Current & Future Analysis for Biodegradable Plastics by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 43: Europe 8-Year Perspective for Biodegradable Plastics by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2023 & 2030
  • Table 44: Europe Recent Past, Current & Future Analysis for Biodegradable Plastics by Type - Starch Blends, PLA, PBS, PBAT, PHA and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 45: Europe 8-Year Perspective for Biodegradable Plastics by Type - Percentage Breakdown of Value Sales for Starch Blends, PLA, PBS, PBAT, PHA and Other Types for the Years 2023 & 2030
  • Table 46: Europe Recent Past, Current & Future Analysis for Biodegradable Plastics by End-Use - Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 47: Europe 8-Year Perspective for Biodegradable Plastics by End-Use - Percentage Breakdown of Value Sales for Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile for the Years 2023 & 2030
FRANCE
  • Biodegradable Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 48: France Recent Past, Current & Future Analysis for Biodegradable Plastics by Type - Starch Blends, PLA, PBS, PBAT, PHA and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 49: France 8-Year Perspective for Biodegradable Plastics by Type - Percentage Breakdown of Value Sales for Starch Blends, PLA, PBS, PBAT, PHA and Other Types for the Years 2023 & 2030
  • Table 50: France Recent Past, Current & Future Analysis for Biodegradable Plastics by End-Use - Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 51: France 8-Year Perspective for Biodegradable Plastics by End-Use - Percentage Breakdown of Value Sales for Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile for the Years 2023 & 2030
GERMANY
  • Biodegradable Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 52: Germany Recent Past, Current & Future Analysis for Biodegradable Plastics by Type - Starch Blends, PLA, PBS, PBAT, PHA and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 53: Germany 8-Year Perspective for Biodegradable Plastics by Type - Percentage Breakdown of Value Sales for Starch Blends, PLA, PBS, PBAT, PHA and Other Types for the Years 2023 & 2030
  • Table 54: Germany Recent Past, Current & Future Analysis for Biodegradable Plastics by End-Use - Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 55: Germany 8-Year Perspective for Biodegradable Plastics by End-Use - Percentage Breakdown of Value Sales for Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile for the Years 2023 & 2030
ITALY
  • Table 56: Italy Recent Past, Current & Future Analysis for Biodegradable Plastics by Type - Starch Blends, PLA, PBS, PBAT, PHA and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 57: Italy 8-Year Perspective for Biodegradable Plastics by Type - Percentage Breakdown of Value Sales for Starch Blends, PLA, PBS, PBAT, PHA and Other Types for the Years 2023 & 2030
  • Table 58: Italy Recent Past, Current & Future Analysis for Biodegradable Plastics by End-Use - Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 59: Italy 8-Year Perspective for Biodegradable Plastics by End-Use - Percentage Breakdown of Value Sales for Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile for the Years 2023 & 2030
UNITED KINGDOM
  • Biodegradable Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 60: UK Recent Past, Current & Future Analysis for Biodegradable Plastics by Type - Starch Blends, PLA, PBS, PBAT, PHA and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 61: UK 8-Year Perspective for Biodegradable Plastics by Type - Percentage Breakdown of Value Sales for Starch Blends, PLA, PBS, PBAT, PHA and Other Types for the Years 2023 & 2030
  • Table 62: UK Recent Past, Current & Future Analysis for Biodegradable Plastics by End-Use - Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 63: UK 8-Year Perspective for Biodegradable Plastics by End-Use - Percentage Breakdown of Value Sales for Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile for the Years 2023 & 2030
REST OF EUROPE
  • Table 64: Rest of Europe Recent Past, Current & Future Analysis for Biodegradable Plastics by Type - Starch Blends, PLA, PBS, PBAT, PHA and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 65: Rest of Europe 8-Year Perspective for Biodegradable Plastics by Type - Percentage Breakdown of Value Sales for Starch Blends, PLA, PBS, PBAT, PHA and Other Types for the Years 2023 & 2030
  • Table 66: Rest of Europe Recent Past, Current & Future Analysis for Biodegradable Plastics by End-Use - Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 67: Rest of Europe 8-Year Perspective for Biodegradable Plastics by End-Use - Percentage Breakdown of Value Sales for Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile for the Years 2023 & 2030
ASIA-PACIFIC
  • Biodegradable Plastics Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 68: Asia-Pacific Recent Past, Current & Future Analysis for Biodegradable Plastics by Type - Starch Blends, PLA, PBS, PBAT, PHA and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 69: Asia-Pacific 8-Year Perspective for Biodegradable Plastics by Type - Percentage Breakdown of Value Sales for Starch Blends, PLA, PBS, PBAT, PHA and Other Types for the Years 2023 & 2030
  • Table 70: Asia-Pacific Recent Past, Current & Future Analysis for Biodegradable Plastics by End-Use - Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 71: Asia-Pacific 8-Year Perspective for Biodegradable Plastics by End-Use - Percentage Breakdown of Value Sales for Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile for the Years 2023 & 2030
REST OF WORLD
  • Table 72: Rest of World Recent Past, Current & Future Analysis for Biodegradable Plastics by Type - Starch Blends, PLA, PBS, PBAT, PHA and Other Types - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 73: Rest of World 8-Year Perspective for Biodegradable Plastics by Type - Percentage Breakdown of Value Sales for Starch Blends, PLA, PBS, PBAT, PHA and Other Types for the Years 2023 & 2030
  • Table 74: Rest of World Recent Past, Current & Future Analysis for Biodegradable Plastics by End-Use - Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 75: Rest of World 8-Year Perspective for Biodegradable Plastics by End-Use - Percentage Breakdown of Value Sales for Agriculture & Horticulture, Other End-Uses, Packaging, Consumer Goods and Textile for the Years 2023 & 2030
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • API S.P.A
  • BASF SE
  • Bio-Fed
  • Biome Bioplastics
  • Bio-On
  • Carbiolice
  • Clondalkin
  • Danimer Scientific
  • Fkur Kunststoff GmbH
  • Green Dot Bioplastics