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Global Compostable Plastic Market 2023-2027

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    Report

  • 191 Pages
  • April 2023
  • Region: Global
  • TechNavio
  • ID: 5791421
1h Free Analyst Time
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The compostable plastic market is forecast to grow by USD 1,905.33 million during 2022-2027, accelerating at a CAGR of 15.54% during the forecast period. This report on the compostable plastic market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing use of compostable packaging, environmental hazards associated with traditional plastics increasing demand for compostable plastics, and increasing awareness of environmental concerns regarding plastic usage.

The analyst's compostable plastic market is segmented as below:

By End-user

  • Packaging
  • Consumer goods
  • Textiles
  • Agriculture
  • Others

By Product

  • Compostable bag
  • Compostable cutlery
  • Compostable gloves
  • Compostable straw
  • Others

By Geographical Landscape

  • Europe
  • North America
  • APAC
  • South America
  • Middle East and Africa
This study identifies the growing government initiatives encouraging the replacement of conventional plastics with compostable plastics as one of the prime reasons driving the compostable plastic market growth during the next few years. Also, a growing number of investments, collaborations, and agreements among vendors and the consumption of compostable plastics in novel applications will lead to sizable demand in the market.

This report on the compostable plastic market covers the following areas:

  • Compostable plastic market sizing
  • Compostable plastic market forecast
  • Compostable plastic market industry analysis
The analyst's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading compostable plastic market vendors that include BASF SE, Biome Technologies plc, BioTec Bags India Pvt. Ltd., BOSK Bioproducts, Cargill Inc., Danimer Scientific Inc., Eastman Chemical Co., Fkur Kunststoff GmbH, Futerro SA, Green Dot Bioplastics Inc., Kaneka Corp., KURARAY Co. Ltd., Mitsubishi Chemical Corp., Neste Corp., Northern Technologies International Corp., Novamont S.p.A., SK Chemicals Co. Ltd., Toray Industries Inc., TotalEnergies SE, Trinseo PLC, and BEWI ASA. Also, the compostable plastic market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Exhibit 01: Executive Summary - Chart on Market Overview
  • Exhibit 02: Executive Summary - Data Table on Market Overview
  • Exhibit 03: Executive Summary - Chart on Global Market Characteristics
  • Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
  • Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
  • Exhibit 06: Executive Summary - Chart on Market Segmentation by Product
  • Exhibit 07: Executive Summary - Chart on Incremental Growth
  • Exhibit 08: Executive Summary - Data Table on Incremental Growth
  • Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Exhibit 10: Parent market
  • Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
  • Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
  • Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
  • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
  • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
  • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
  • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global compostable plastic market 2017 - 2021
  • Exhibit 18: Historic Market Size - Data Table on Global compostable plastic market 2017 - 2021 ($ million)
4.2 End-user Segment Analysis 2017 - 2021
  • Exhibit 19: Historic Market Size - End-user Segment 2017 - 2021 ($ million)
4.3 Product Segment Analysis 2017 - 2021
  • Exhibit 20: Historic Market Size - Product Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
  • Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
  • Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
  • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
  • Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
  • Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
  • Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
  • Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
  • Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
  • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by End-user
6.1 Market segments
  • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
  • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
6.2 Comparison by End-user
  • Exhibit 32: Chart on Comparison by End-user
  • Exhibit 33: Data Table on Comparison by End-user
6.3 Packaging - Market size and forecast 2022-2027
  • Exhibit 34: Chart on Packaging - Market size and forecast 2022-2027 ($ million)
  • Exhibit 35: Data Table on Packaging - Market size and forecast 2022-2027 ($ million)
  • Exhibit 36: Chart on Packaging - Year-over-year growth 2022-2027 (%)
  • Exhibit 37: Data Table on Packaging - Year-over-year growth 2022-2027 (%)
6.4 Consumer goods - Market size and forecast 2022-2027
  • Exhibit 38: Chart on Consumer goods - Market size and forecast 2022-2027 ($ million)
  • Exhibit 39: Data Table on Consumer goods - Market size and forecast 2022-2027 ($ million)
  • Exhibit 40: Chart on Consumer goods - Year-over-year growth 2022-2027 (%)
  • Exhibit 41: Data Table on Consumer goods - Year-over-year growth 2022-2027 (%)
6.5 Textiles - Market size and forecast 2022-2027
  • Exhibit 42: Chart on Textiles - Market size and forecast 2022-2027 ($ million)
  • Exhibit 43: Data Table on Textiles - Market size and forecast 2022-2027 ($ million)
  • Exhibit 44: Chart on Textiles - Year-over-year growth 2022-2027 (%)
  • Exhibit 45: Data Table on Textiles - Year-over-year growth 2022-2027 (%)
6.6 Agriculture - Market size and forecast 2022-2027
  • Exhibit 46: Chart on Agriculture - Market size and forecast 2022-2027 ($ million)
  • Exhibit 47: Data Table on Agriculture - Market size and forecast 2022-2027 ($ million)
  • Exhibit 48: Chart on Agriculture - Year-over-year growth 2022-2027 (%)
  • Exhibit 49: Data Table on Agriculture - Year-over-year growth 2022-2027 (%)
6.7 Others - Market size and forecast 2022-2027
  • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
  • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
  • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
  • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
6.8 Market opportunity by End-user
  • Exhibit 54: Market opportunity by End-user ($ million)
  • Exhibit 55: Data Table on Market opportunity by End-user ($ million)
7 Market Segmentation by Product
7.1 Market segments
  • Exhibit 56: Chart on Product - Market share 2022-2027 (%)
  • Exhibit 57: Data Table on Product - Market share 2022-2027 (%)
7.2 Comparison by Product
  • Exhibit 58: Chart on Comparison by Product
  • Exhibit 59: Data Table on Comparison by Product
7.3 Compostable bag - Market size and forecast 2022-2027
  • Exhibit 60: Chart on Compostable bag - Market size and forecast 2022-2027 ($ million)
  • Exhibit 61: Data Table on Compostable bag - Market size and forecast 2022-2027 ($ million)
  • Exhibit 62: Chart on Compostable bag - Year-over-year growth 2022-2027 (%)
  • Exhibit 63: Data Table on Compostable bag - Year-over-year growth 2022-2027 (%)
7.4 Compostable cutlery - Market size and forecast 2022-2027
  • Exhibit 64: Chart on Compostable cutlery - Market size and forecast 2022-2027 ($ million)
  • Exhibit 65: Data Table on Compostable cutlery - Market size and forecast 2022-2027 ($ million)
  • Exhibit 66: Chart on Compostable cutlery - Year-over-year growth 2022-2027 (%)
  • Exhibit 67: Data Table on Compostable cutlery - Year-over-year growth 2022-2027 (%)
7.5 Compostable gloves - Market size and forecast 2022-2027
  • Exhibit 68: Chart on Compostable gloves - Market size and forecast 2022-2027 ($ million)
  • Exhibit 69: Data Table on Compostable gloves - Market size and forecast 2022-2027 ($ million)
  • Exhibit 70: Chart on Compostable gloves - Year-over-year growth 2022-2027 (%)
  • Exhibit 71: Data Table on Compostable gloves - Year-over-year growth 2022-2027 (%)
7.6 Compostable straw - Market size and forecast 2022-2027
  • Exhibit 72: Chart on Compostable straw - Market size and forecast 2022-2027 ($ million)
  • Exhibit 73: Data Table on Compostable straw - Market size and forecast 2022-2027 ($ million)
  • Exhibit 74: Chart on Compostable straw - Year-over-year growth 2022-2027 (%)
  • Exhibit 75: Data Table on Compostable straw - Year-over-year growth 2022-2027 (%)
7.7 Others - Market size and forecast 2022-2027
  • Exhibit 76: Chart on Others - Market size and forecast 2022-2027 ($ million)
  • Exhibit 77: Data Table on Others - Market size and forecast 2022-2027 ($ million)
  • Exhibit 78: Chart on Others - Year-over-year growth 2022-2027 (%)
  • Exhibit 79: Data Table on Others - Year-over-year growth 2022-2027 (%)
7.8 Market opportunity by Product
  • Exhibit 80: Market opportunity by Product ($ million)
  • Exhibit 81: Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
8.1 Customer landscape overview
  • Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
  • Exhibit 83: Chart on Market share By Geographical Landscape 2022-2027 (%)
  • Exhibit 84: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
  • Exhibit 85: Chart on Geographic comparison
  • Exhibit 86: Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2022-2027
  • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
  • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
  • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
  • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
  • Exhibit 91: Chart on North America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 92: Data Table on North America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 93: Chart on North America - Year-over-year growth 2022-2027 (%)
  • Exhibit 94: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
  • Exhibit 95: Chart on APAC - Market size and forecast 2022-2027 ($ million)
  • Exhibit 96: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
  • Exhibit 97: Chart on APAC - Year-over-year growth 2022-2027 (%)
  • Exhibit 98: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
  • Exhibit 99: Chart on South America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 100: Data Table on South America - Market size and forecast 2022-2027 ($ million)
  • Exhibit 101: Chart on South America - Year-over-year growth 2022-2027 (%)
  • Exhibit 102: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
  • Exhibit 103: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  • Exhibit 104: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  • Exhibit 105: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • Exhibit 106: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
  • Exhibit 107: Chart on US - Market size and forecast 2022-2027 ($ million)
  • Exhibit 108: Data Table on US - Market size and forecast 2022-2027 ($ million)
  • Exhibit 109: Chart on US - Year-over-year growth 2022-2027 (%)
  • Exhibit 110: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Germany - Market size and forecast 2022-2027
  • Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
  • Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
  • Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
  • Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.10 UK - Market size and forecast 2022-2027
  • Exhibit 115: Chart on UK - Market size and forecast 2022-2027 ($ million)
  • Exhibit 116: Data Table on UK - Market size and forecast 2022-2027 ($ million)
  • Exhibit 117: Chart on UK - Year-over-year growth 2022-2027 (%)
  • Exhibit 118: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.11 France - Market size and forecast 2022-2027
  • Exhibit 119: Chart on France - Market size and forecast 2022-2027 ($ million)
  • Exhibit 120: Data Table on France - Market size and forecast 2022-2027 ($ million)
  • Exhibit 121: Chart on France - Year-over-year growth 2022-2027 (%)
  • Exhibit 122: Data Table on France - Year-over-year growth 2022-2027 (%)
9.12 China - Market size and forecast 2022-2027
  • Exhibit 123: Chart on China - Market size and forecast 2022-2027 ($ million)
  • Exhibit 124: Data Table on China - Market size and forecast 2022-2027 ($ million)
  • Exhibit 125: Chart on China - Year-over-year growth 2022-2027 (%)
  • Exhibit 126: Data Table on China - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
  • Exhibit 127: Market opportunity By Geographical Landscape ($ million)
  • Exhibit 128: Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
  • Exhibit 129: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
  • Exhibit 130: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
  • Exhibit 131: Overview on factors of disruption
11.4 Industry risks
  • Exhibit 132: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
  • Exhibit 133: Vendors covered
12.2 Market positioning of vendors
  • Exhibit 134: Matrix on vendor position and classification
12.3 BASF SE
  • Exhibit 135: BASF SE - Overview
  • Exhibit 136: BASF SE - Business segments
  • Exhibit 137: BASF SE - Key news
  • Exhibit 138: BASF SE - Key offerings
  • Exhibit 139: BASF SE - Segment focus
12.4 BEWI ASA
  • Exhibit 140: BEWI ASA - Overview
  • Exhibit 141: BEWI ASA - Business segments
  • Exhibit 142: BEWI ASA - Key offerings
  • Exhibit 143: BEWI ASA - Segment focus
12.5 Biome Technologies plc
  • Exhibit 144: Biome Technologies plc - Overview
  • Exhibit 145: Biome Technologies plc - Business segments
  • Exhibit 146: Biome Technologies plc - Key offerings
  • Exhibit 147: Biome Technologies plc - Segment focus
12.6 Cargill Inc.
  • Exhibit 148: Cargill Inc. - Overview
  • Exhibit 149: Cargill Inc. - Product / Service
  • Exhibit 150: Cargill Inc. - Key news
  • Exhibit 151: Cargill Inc. - Key offerings
12.7 Danimer Scientific Inc.
  • Exhibit 152: Danimer Scientific Inc. - Overview
  • Exhibit 153: Danimer Scientific Inc. - Product / Service
  • Exhibit 154: Danimer Scientific Inc. - Key offerings
12.8 Futerro SA
  • Exhibit 155: Futerro SA - Overview
  • Exhibit 156: Futerro SA - Product / Service
  • Exhibit 157: Futerro SA - Key offerings
12.9 Green Dot Bioplastics Inc.
  • Exhibit 158: Green Dot Bioplastics Inc. - Overview
  • Exhibit 159: Green Dot Bioplastics Inc. - Product / Service
  • Exhibit 160: Green Dot Bioplastics Inc. - Key offerings
12.10 Kaneka Corp.
  • Exhibit 161: Kaneka Corp. - Overview
  • Exhibit 162: Kaneka Corp. - Business segments
  • Exhibit 163: Kaneka Corp. - Key offerings
  • Exhibit 164: Kaneka Corp. - Segment focus
12.11 KURARAY Co. Ltd.
  • Exhibit 165: KURARAY Co. Ltd. - Overview
  • Exhibit 166: KURARAY Co. Ltd. - Business segments
  • Exhibit 167: KURARAY Co. Ltd. - Key offerings
  • Exhibit 168: KURARAY Co. Ltd. - Segment focus
12.12 Mitsubishi Chemical Corp.
  • Exhibit 169: Mitsubishi Chemical Corp. - Overview
  • Exhibit 170: Mitsubishi Chemical Corp. - Business segments
  • Exhibit 171: Mitsubishi Chemical Corp. - Key news
  • Exhibit 172: Mitsubishi Chemical Corp. - Key offerings
  • Exhibit 173: Mitsubishi Chemical Corp. - Segment focus
12.13 Northern Technologies International Corp.
  • Exhibit 174: Northern Technologies International Corp. - Overview
  • Exhibit 175: Northern Technologies International Corp. - Business segments
  • Exhibit 176: Northern Technologies International Corp. - Key offerings
  • Exhibit 177: Northern Technologies International Corp. - Segment focus
12.14 Novamont S.p.A.
  • Exhibit 178: Novamont S.p.A. - Overview
  • Exhibit 179: Novamont S.p.A. - Product / Service
  • Exhibit 180: Novamont S.p.A. - Key offerings
12.15 SK Chemicals Co. Ltd.
  • Exhibit 181: SK Chemicals Co. Ltd. - Overview
  • Exhibit 182: SK Chemicals Co. Ltd. - Business segments
  • Exhibit 183: SK Chemicals Co. Ltd. - Key offerings
  • Exhibit 184: SK Chemicals Co. Ltd. - Segment focus
12.16 Toray Industries Inc.
  • Exhibit 185: Toray Industries Inc. - Overview
  • Exhibit 186: Toray Industries Inc. - Business segments
  • Exhibit 187: Toray Industries Inc. - Key offerings
  • Exhibit 188: Toray Industries Inc. - Segment focus
12.17 TotalEnergies SE
  • Exhibit 189: TotalEnergies SE - Overview
  • Exhibit 190: TotalEnergies SE - Business segments
  • Exhibit 191: TotalEnergies SE - Key news
  • Exhibit 192: TotalEnergies SE - Key offerings
  • Exhibit 193: TotalEnergies SE - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
  • Exhibit 194: Inclusions checklist
  • Exhibit 195: Exclusions checklist
13.3 Currency conversion rates for US$
  • Exhibit 196: Currency conversion rates for US$
13.4 Research methodology
  • Exhibit 197: Research methodology
  • Exhibit 198: Validation techniques employed for market sizing
  • Exhibit 199: Information sources
13.5 List of abbreviations
  • Exhibit 200: List of abbreviations

Executive Summary

The analyst recognizes the following companies as the key players in the global compostable plastic market: BASF SE, Biome Technologies plc, BioTec Bags India Pvt. Ltd., BOSK Bioproducts, Cargill Inc., Danimer Scientific Inc., Eastman Chemical Co., Fkur Kunststoff GmbH, Futerro SA, Green Dot Bioplastics Inc., Kaneka Corp., KURARAY Co. Ltd., Mitsubishi Chemical Corp., Neste Corp., Northern Technologies International Corp., Novamont S.p.A., SK Chemicals Co. Ltd., Toray Industries Inc., TotalEnergies SE, Trinseo PLC, and BEWI ASA.

Commenting on the report, one of the analysts from the research team said: "The latest trend gaining momentum in the market is growing government initiatives encouraging the replacement of conventional plastics with compostable plastics."

According to the report, one of the major drivers for this market is the growing use of compostable packaging.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BASF SE
  • Biome Technologies plc
  • BioTec Bags India Pvt. Ltd.
  • BOSK Bioproducts
  • Cargill Inc.
  • Danimer Scientific Inc.
  • Eastman Chemical Co.
  • Fkur Kunststoff GmbH
  • Futerro SA
  • Green Dot Bioplastics Inc.
  • Kaneka Corp.
  • KURARAY Co. Ltd.
  • Mitsubishi Chemical Corp.
  • Neste Corp.
  • Northern Technologies International Corp.
  • Novamont S.p.A.
  • SK Chemicals Co. Ltd.
  • Toray Industries Inc.
  • TotalEnergies SE
  • Trinseo PLC
  • BEWI ASA

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