Biodegradable Plastics Market Introduction and Overview
According to SPER market research, ‘Global Biodegradable Plastics Market Size- By Product, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Biodegradable Plastics Market is predicted to reach 14.66 billion by 2034 with a CAGR of 9.45%.
Biodegradable plastics are a class of polymer material that, following a certain amount of time, breaks down into natural materials like carbon dioxide, water, and biomass thanks to the activity of microorganisms like fungi and bacteria. Biodegradable plastics are frequently produced from natural sources including starch, cellulose, and Polylactic acid (PLA), in contrast to conventional plastics that are obtained from petroleum.
Restraints:Despite its rising demand, the sector for biodegradable plastics confronts a number of difficulties. Widespread adoption has been hindered by high production costs relative to traditional polymers, which deter price-sensitive industries. A further significant barrier is consumer ignorance and uncertainty about appropriate disposal techniques. Since biodegradable plastics typically wind up in landfills where decomposition is sluggish, inadequate infrastructure for recycling and composting them lessens their environmental benefits.
Scope of the Report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered
By Product, By Application.
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.
Companies Covered
Cargill Incorporated, PTT MCC Biochem Co., Ltd, Biome Technologies plc, Plantic Technologies Limited, BASF SE, Total Corbion PLA, NatureWorks LLC, Eastman Chemical Company, Trineso, Danimer Scientific.
Biodegradable Plastics Market Segmentation:
By Product:Based on the Product, Global Biodegradable Plastics Market is segmented as; Starch-based, Polylactic Acid, Polybutylene Adipate Terephthalate, Polybutylene Succinate, Polyhydroxyalkanoate.
By Application:Based on the Application, Global Biodegradable Plastics Market is segmented as; Packaging, Agriculture, Consumer Goods.
By Region:This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. Global Biodegradable Plastics Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Biodegradable Plastics Market
- 7. Global Biodegradable Plastics Market, By Product (USD Million) 2021-2034
- 7.1. Starch-based
- 7.2. Polylactic Acid
- 7.3. Polybutylene Adipate Terephthalate
- 7.4. Polybutylene Succinate
- 7.5. Polyhydroxyalkanoate
- 8. Global Biodegradable Plastics Market, By Application (USD Million) 2021-2034
- 8.1. Packaging
- 8.2. Agriculture
- 8.3. Consumer Goods
- 9. Global Biodegradable Plastics Market, (USD Million) 2021-2034
- 9.1. Global Biodegradable Plastics Market Size and Market Share
- 10. Global Biodegradable Plastics Market, By Region, (USD Million) 2021-2034
- 10.1. Asia-Pacific
- 10.1.1. Australia
- 10.1.2. China
- 10.1.3. India
- 10.1.4. Japan
- 10.1.5. South Korea
- 10.1.6. Rest of Asia-Pacific
- 10.2. Europe
- 10.2.1. France
- 10.2.2. Germany
- 10.2.3. Italy
- 10.2.4. Spain
- 10.2.5. United Kingdom
- 10.2.6. Rest of Europe
- 10.3. Middle East and Africa
- 10.3.1. Kingdom of Saudi Arabia
- 10.3.2. United Arab Emirates
- 10.3.3. Qatar
- 10.3.4. South Africa
- 10.3.5. Egypt
- 10.3.6. Morocco
- 10.3.7. Nigeria
- 10.3.8. Rest of Middle-East and Africa
- 10.4. North America
- 10.4.1. Canada
- 10.4.2. Mexico
- 10.4.3. United States
- 10.5. Latin America
- 10.5.1. Argentina
- 10.5.2. Brazil
- 10.5.3. Rest of Latin America
- 11. Company Profile
- 11.1. BASF SE
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
- 11.2. Biome Technologies plc
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
- 11.3. Cargill Incorporated
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
- 11.4. Danimer Scientific
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
- 11.5. Eastman Chemical Company
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
- 11.6. NatureWorks LLC
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
- 11.7. Plantic Technologies Limited
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
- 11.8. PTT MCC Biochem Co., Ltd
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
- 11.9. Total Corbion PLA
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
- 11.10. Trineso
- 11.10.1. Company details
- 11.10.2. Financial outlook
- 11.10.3. Product summary
- 11.10.4. Recent developments
- 11.11. Others
- 12. Conclusion
- 13. List of Abbreviations
- 14. Reference Links
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