Global Biodegradable Plastics Market Growth 2023-2029

Global Biodegradable Plastics Market Growth 2023-2029

Biodegradable plastics are plastics that are decomposed by the action of living organisms, usually bacteria.

LPI (LP Information)' newest research report, the “Biodegradable Plastics Industry Forecast” looks at past sales and reviews total world Biodegradable Plastics sales in 2022, providing a comprehensive analysis by region and market sector of projected Biodegradable Plastics sales for 2023 through 2029. With Biodegradable Plastics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biodegradable Plastics industry.

This Insight Report provides a comprehensive analysis of the global Biodegradable Plastics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biodegradable Plastics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biodegradable Plastics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biodegradable Plastics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biodegradable Plastics.

The global Biodegradable Plastics market size is projected to grow from US$ 2878.1 million in 2022 to US$ 5234.8 million in 2029; it is expected to grow at a CAGR of 5234.8 from 2023 to 2029.

Western Europe and North America are the biggest consumers of biodegradable plastics globally. Italy and the U.S. are the key countries in Western Europe and North America, witnessing CAGRs of 12.4% and 11.5%, respectively, between 2018 and 2023. The developing countries are also growing at a rapid pace due to rising domestic demand.

This report presents a comprehensive overview, market shares, and growth opportunities of Biodegradable Plastics market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
PLA
Starch Blends
PCL
Regenerated Cellulose
PBS
PHA

Segmentation by application
Packaging
Fibers
Agriculture
Injection Molding
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Metabolix
BASF
Corbion NV
Natureworks
Biome Technologies
Mitsubishi Chemical
Plantic Technologies
Bio-On
Meredian
Tianan Biologic Materials
Mitsui Chemicals
Teijin
Tianjin Guoyun Biological Materials
Toray

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biodegradable Plastics market?

What factors are driving Biodegradable Plastics market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Biodegradable Plastics market opportunities vary by end market size?

How does Biodegradable Plastics break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.