A Compostable Plastic Market Size, Trends

Compostable Plastic Market Size, Trends, Analysis, and Outlook By End-User (Packaging, Consumer Goods, Textiles, Agriculture, Others), By Product (Compostable Bag, Compostable Cutlery, Compostable Gloves, Compostable Straw, Others), by Country, Segment, and Companies, 2024-2030

The global Compostable Plastic market size is poised to register a 14.7% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The Compostable Plastic market study analyzes the study across By End-User (Packaging, Consumer Goods, Textiles, Agriculture, Others), By Product (Compostable Bag, Compostable Cutlery, Compostable Gloves, Compostable Straw, Others).

The compostable plastic market is expected to grow, driven by the increasing demand for high-performance, sustainable, and cost-effective materials in packaging, agriculture, and consumer goods. Key trends include advancements in compostable plastic production technology, the development of high-quality and eco-friendly compostable plastic products, and the growing emphasis on regulatory compliance and environmental protection. Additionally, government initiatives promoting renewable resources and the expanding use of compostable plastics in emerging markets further propels market demand.

Compostable Plastic Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study delves into the latest trends and pressing challenges for industry players and investors. The Compostable Plastic market research analyzes global market trends, key drivers, challenges, and opportunities. The "Future of Compostable Plastic" survey report provides a market size outlook across types, applications, and other segments worldwide and by region. It offers data-driven insights and actionable recommendations for companies in the Compostable Plastic industry.

Key market trends defining the global Compostable Plastic demand in 2024 and Beyond

The industry remains an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play major roles.

Compostable Plastic Market Segmentation- Industry Share, Market Size, and Outlook to 2030

The Compostable Plastic industry comprises a wide range of segments and sub-segments. Rising demand for these product types and applications supports increased investments in niche segments. Leading companies plan to generate a large share of their future revenue growth from expanding into these niche segments. The report presents a market size outlook across segments, supporting Compostable Plastic companies scaling up production in these sub-segments with a focus on emerging countries.

Key strategies adopted by companies within the Compostable Plastic industry

Leading Compostable Plastic companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Additionally, companies leverage advanced technologies to unlock opportunities and achieve operational excellence. The report details the key strategies adopted by the top 10 Compostable Plastic companies.

Compostable Plastic Market Study- Strategic Analysis Review

The Compostable Plastic market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions. This includes:

• Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
• Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
• Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
• Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Compostable Plastic Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Compostable Plastic industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three scenarios: low case, reference case, and high case.

Compostable Plastic Country Analysis and Revenue Outlook to 2030

The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2030. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2030.

North America Compostable Plastic Market Size Outlook- Companies plan for focused investments in a changing environment

The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Compostable Plastic market segments. Similarly, strong market demand encourages Canadian Compostable Plastic companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.

Europe Compostable Plastic Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Compostable Plastic industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Compostable Plastic market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Compostable Plastic Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust consumption expenditure, and increasing investments in infrastructure drive the demand for Compostable Plastic in Asia Pacific. In particular, China, India, and South East Asian Compostable Plastic markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Compostable Plastic Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Compostable Plastic Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Compostable Plastic market potential. Fueled by increasing consumption expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Compostable Plastic.

Compostable Plastic Market Company Profiles

The global Compostable Plastic market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are 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, Kaneka Corp, KURARAY Co Ltd, Mitsubishi Chemical Corp, Neste Corp, Northern Technologies International Corp, Novamont S.p.A.

Recent Compostable Plastic Market Developments

The global Compostable Plastic market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Compostable Plastic Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis

• Pricing Analysis
• Value Chain Analysis
• SWOT Profile
• Market Dynamics- Trends, Drivers, Challenges
• Porter’s Five Forces Analysis
• Macroeconomic Impact Analysis
• Case Scenarios- Low, Base, High

Market Segmentation:
By End-User
Packaging

Consumer Goods

Textiles

Agriculture

Others
By Product
Compostable Bag

Compostable Cutlery

Compostable Gloves

Compostable Straw

Others

Geographical Segmentation:

• North America (3 markets)
• Europe (6 markets)
• Asia Pacific (6 markets)
• Latin America (3 markets)
• Middle East Africa (5 markets)

Companies

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

Kaneka Corp

KURARAY Co Ltd

Mitsubishi Chemical Corp

Neste Corp

Northern Technologies International Corp

Novamont S.p.A

Formats Available: Excel, PDF, and PPT