Biodegradable Plastic Market Size, Share & Trends Analysis Report By Product (Starch Based, PLA, PHA, PBAT, PBS), By Application (Packaging, Consumer Goods, Agriculture), And Segment Forecasts, 2022 - 2030

Biodegradable Plastic Market Growth & Trends

The global biodegradable plastic market size is projected to reach USD 10.0 billion by 2030, according to a report by Grand View Research, Inc., rising at a CAGR of 9.7% during the forecast period. Increasing use of biode gradable plastics, owing to strict governmental laws for prohibiting use of conventional plastics, coupled with growing awareness among public towards ill-effects of plastic waste is stoking the growth of the market. The above factors are expected to spur the market growth during the forecast period.

Biodegradable plastics are plastics which decompose in the environment within a reasonable period of time. Biodegradable plastics are made up of renewable raw materials. Many of these plastics require biodegradable additives to enhance biodegradation process and some may require a specific environment to disintegrate. Time taken by plastics to decompose depends upon various factors such as raw materials used, and environmental conditions such as moisture and temperature.

The starch-based segment leads the global market. Starch based plastics are used in various applications such as packaging, consumer electronics, agriculture, automotive and textiles. PLA is also one of the most consumed biodegradable plastic type. It is used in 3D printing, mulch film, and packaging.

Packaging is the leading application of biodegradable plastics. Ban on plastics by European Commission is anticipated to drive the segment during the forecast period. Novel applications of biodegradable plastics in the medical sector for drug encapsulation and medical surgeries are being increasingly practiced.

Around the world, people are facing grave issues of plastic waste as conventional plastics take hundreds of years to decompose. To tackle this, issue several countries have banned use of single-use plastic products and are promoting use of eco-friendly biodegradable plastics. Ban of non-reusable conventional plastics in many regions around the globe, especially in Europe and North America is estimated to propel the market. Additionally, improving standard of living and increasing disposable income in developing countries are likely to augur well for the market in Asia Pacific and Central & South America.

Key players are investing in research and development activities in order to create improved products that are strong and can be easily decomposed in natural environment. Many of the companies have integrated through the value chain to serve customers better and improve profits of the company

Biodegradable Plastic Market Report Highlights

  • The PHA segment is projected to expand at a noteworthy CAGR of 10.2% in terms of revenue during the forecast period
  • The packaging is the largest application segment that accounted for more than 60.0% revenue in 2021, followed by the agriculture sector
  • Europe is the largest region in terms of value and volume. However, Asia Pacific is expected to emerge as the fastest growing region for biodegradable plastics
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Chapter 1 Methodology And Scope
1.1 Research Methodology
1.2 Research Scope And Assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation And Data Visualization
1.6 Data Validation And Publishing
1.7 List Of Abbreviations
Chapter 2 Executive Summary
Chapter 3 Biodegradable Plastics: Market Variables, Trends & Scope
3.1 Market Segmentation
3.2 Biodegradable Plastics: Market Dynamics
3.3 Value Chain Analysis
3.4 Technology Overview
3.5 Regulatory Framework
3.6 Market Variables Analysis
3.6.1 Market Driver Analysis
3.6.1.1 Growing Use Of Renewable & Bio-Based Products
3.6.1.2 The Shift In Consumer Preferences Toward Eco-Friendly Packaging And Strict Government Regulations
3.6.2 Market Restraint Analysis
3.6.2.1 Cost Competitiveness Of Biodegradable Plastics Over Conventional Plastics
3.6.2.2 Shortcomings Of Biodegradable Plastics
3.7 Penetration And Growth Prospect Mapping
3.7.1 New Market Avenues
3.8 Biodegradable Plastics Market - Porter’s Analysis
3.9 Biodegradable Plastics Market - PESTEL Analysis
Chapter 4 Biodegradable Plastics Market: Product Estimates & Trend Analysis
4.1 Biodegradable Plastics Market: Product Movement Analysis, 2021 & 2030
4.2 Starch-Based
4.2.1 Biodegradable Plastics Market Estimates And Forecasts, Starch-Based, 2019 - 2030 (Kilotons) (USD Million)
4.3 Polylactic Acid (PLA)
4.3.1 Biodegradable Plastics Market Estimates And Forecasts, Polylactic Acid, 2019 - 2030 (Kilotons) (USD Million)
4.4 Polybutylene Adipate Terephthalate (PBAT)
4.4.1 Biodegradable Plastics Market Estimates And Forecasts, Polybutylene Adipate Terephthalate, 2019 - 2030 (Kilotons) (USD Million)
4.5 Polybutylene Succinate (PBS)
4.5.1 Biodegradable Plastics Market Estimates And Forecasts, Polybutylene Succinate, 2019 - 2030 (Kilotons) (USD Million)
4.6 Polyhydroxyalkanoate (PHA)
4.6.1 Biodegradable Plastics Market Estimates And Forecasts, Polyhydroxyalkanoate, 2019 - 2030 (Kilotons) (USD Million)
4.7 Others
4.7.1 Biodegradable Plastics Market Estimates And Forecasts, Others, 2019 - 2030 (Kilotons) (USD Million)
Chapter 5 Biodegradable Plastics Market: Application Estimates & Trend Analysis
5.1 Biodegradable Plastics Market: Application Movement Analysis, 2021 & 2030
5.2 Packaging
5.2.1 Biodegradable Plastics Market Estimates And Forecasts, Packaging, 2019 - 2030 (Kilotons) (USD Million)
5.3 Agriculture
5.3.1 Biodegradable Plastics Market Estimates And Forecasts, Agriculture, 2019 - 2030 (Kilotons) (USD Million)
5.4 Consumer Goods
5.4.1 Biodegradable Plastics Market Estimates And Forecasts, Consumer Goods, 2019 - 2030 (Kilotons) (USD Million)
5.5 Others
5.5.1 Biodegradable Plastics Market Estimates And Forecasts, OTHERS, 2019 - 2030 (Kilotons) (USD Million)
Chapter 6 Biodegradable Plastics Market: Regional Estimates & Analysis
6.1 Biodegradable Plastics Market: Regional Movement Analysis
6.2 North America
6.2.1 North America Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.2.2 North America Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.2.3 North America Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.2.4 U.S.
6.2.4.1 U.S. Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.2.4.2 U.S. Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.2.4.3 U.S. Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.2.5 Canada
6.2.5.1 Canada Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.2.5.2 Canada Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.2.5.3 Canada Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.2.6 Mexico
6.2.6.1 Mexico Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.2.6.2 Mexico Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.2.6.3 Mexico Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.3 Europe
6.3.1 Europe Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.3.2 Europe Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.3.3 Europe Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.3.4 Germany
6.3.4.1 Germany Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.3.4.2 Germany Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.3.4.3 Germany Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.3.5 France
6.3.5.1 France Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.3.5.2 France Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.3.5.3 France Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.3.6 Uk
6.3.6.1 Uk Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.3.6.2 Uk Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.3.6.3 Uk Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.3.7 Spain
6.3.7.1 Spain Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.3.7.2 Spain Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.3.7.3 Spain Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.3.8 Italy
6.3.8.1 Italy Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.3.8.2 Italy Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.3.8.3 Italy Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.4.2 Asia Pacific Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.4.3 Asia Pacific Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.4.4 China
6.4.4.1 China Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.4.4.2 China Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.4.4.3 China Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.4.5 India
6.4.5.1 India Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.4.5.2 India Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.4.5.3 India Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.4.6 Japan
6.4.6.1 Japan Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.4.6.2 Japan Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.4.6.3 Japan Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.4.7 South Korea
6.4.7.1 South Korea Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.4.7.2 South Korea Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.4.7.3 South Korea Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.5 Central & South America (Csa)
6.5.1 Csa Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.5.2 Csa Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.5.3 Csa Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.5.4 Brazil
6.5.4.1 Brazil Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.5.4.2 Brazil Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.5.4.3 Brazil Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.6 Middle East & Africa
6.6.1 Middle East & Africa Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.6.2 Middle East & Africa Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.6.3 Middle East & Africa Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
6.6.4 Saudi Arabia
6.6.4.1 Saudi Arabia Biodegradable Plastics Market Estimates And Forecasts, 2019 - 2030 (Kilotons) (USD Million)
6.6.4.2 Saudi Arabia Biodegradable Plastics Market Estimates And Forecasts, By Product, 2019 - 2030 (Kilotons) (USD Million)
6.6.4.3 Saudi Arabia Biodegradable Plastics Market Estimates And Forecasts, By Application, 2019 - 2030 (Kilotons) (USD Million)
Chapter 7 Competitive Landscape
7.1 Key Global Players, Recent Developments, & Their Impact On The Industry
7.2 Vendor Landscape
7.2.1 List Of Key Distributors & Channel Partners
7.2.2 Key Potential Customers
7.3 Public Companies
7.3.1 Competitive Dashboard Analysis
7.4 Private Companies
7.4.1 List Of Key Emerging Companies/Technology Disruptors/Innovators And Their Geographical Presence
Chapter 8 Company Profiles
8.1 Mitsubishi Chemical Corporation
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 Biome Technologies Plc
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.2.4 Strategic Initiatives
8.3 Plantic Technologies Limited
8.3.1 Company Overview
8.3.2 Product Benchmarking
8.4 BASF SE
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.5 Corbion
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.5.4 Strategic Initiatives
8.6 Yield10 Bioscience, Inc.
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.7 Eastman Chemical Company
8.7.1 Company Overview
8.7.2 Financial Performance
8.7.3 Product Benchmarking
8.7.4 Strategic Initiatives
8.8 Natureworks LLC
8.8.1 Company Overview
8.8.2 Product Benchmarking
8.9 Dow Inc.
8.9.1 Company Overview
8.9.2 Financial Performance
8.9.3 Product Benchmarking
8.9.4 Strategic Initiatives
8.10 Danimer Scientific
8.10.1 Company Overview
8.10.2 Product Benchmarking
8.10.3 Strategic Initiatives
8.11 Novamont S.P.A.
8.11.1 Company Overview
8.11.2 Product Benchmarking
8.12 Toray Industries, Inc.
8.12.1 Company Overview
8.12.2 Financial Performance
8.12.3 Product Benchmarking
8.13 Tianan Biologic Materials Co., Ltd.
8.13.1 Company Overview
8.13.2 Product Benchmarking

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