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Biodegradable Plastics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (PLA, PHA, Starch Blends, PBS, PBAT, and Others) and End User (Packaging and Bags, Agriculture and Horticulture, Consumer Goods, and Others)
- Report Code : TIPRE00003197
- Pages : 188
The biodegradable plastics market size is expected to grow from US$ 7,331.11 million in 2022 to US$ 20,840.29 million by 2028; it is estimated to register a CAGR of 19.0% from 2022 to 2028.
Biodegradable plastics can undergo biological and physical decomposition, decomposing into biomass, carbon dioxide (CO2), and water. This plastic decomposes naturally in the environment. Decomposition is mainly carried out by the microorganism present in the environment that breaks down the structure of biodegradable plastic. It is manufactured using microorganisms, renewable raw materials, and petrochemicals. Biodegradable plastic is eco-friendly and has no toxicity as it is produced using renewable raw materials. This type of plastic is mainly produced using natural plant material, including corn oil, orange peels, starch, and plants.
Based on type, the global biodegradable plastics market is segmented into PLA, PHA, starch blends, PBS, PBAT, and others. The starch blends segment is expected to account for the largest market share during the forecast period. The starch blend polymers are biodegradable polymeric materials composed of cellulosic-based biomaterials that enzymes and microorganisms can degrade. The combination of starch and polyolefin gives a single material carrying the biodegradation properties of starch with the thermal, mechanical, and barrier properties of polyolefin. Common starches used are rice starch, sago, and tapioca starch, and polypropylene and polyolefin are also used. Cellulose has received increasing attention compared to other polymers owing to its consumption by many microorganisms and increasing demand in the application of textiles. Starch is a naturally occurring polymer found in plants such as corn, rice, and potatoes as water-insoluble granules. Starch has been receiving growing attention as raw material for the production of films due to the lack of availability of conventional film-forming resins. The low permeability of starch films has favored its application in food packaging. In the granular state, starch blends are used as a component in synthetic polymer blends and as a filling agent for polyolefin. The starches can be modified using grafting with vinyl monomers such as methyl acrylate.
In 2022, Europe held the largest share of the global biodegradable plastics market. The Europe biodegradable plastics market is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. The rising adoption of biodegradable plastics owing to their eco-friendly nature drives the market in the region. Biodegradable plastics have the potential to reduce carbon dioxide emissions by 30–70%, as compared to conventional synthetic plastic. On the other hand, it does not adversely affect the environment, as the material has no toxicity and degrades quickly. Consumers prefer bioplastic packaging over synthetic plastic packaging since it can be decomposed with food. Benefits such as high biodegradation, zero toxicity, environmentally friendly , and direct substitute to conventional plastic bolster the use of biodegradable plastic, which boosts the Europe biodegradable plastics market growth.
The key players operating in the global biodegradable plastics market include API SpA., BASF S.E., FKuR Kunststoff GmbH, Green Dot Bioplastics, Novamont S.p.A., Kingfa Sci. & Tech. Co., Ltd., NatureWorks LLC., Mitsubishi Chemical Corporation, Plantic Technologies Limited, and Total Corbion PLA Players. Players operating in the global biodegradable plastics market focus on providing high-quality products to fulfill customer demand. They also focus on strategies such as investments in new product launches, research and development activities, and expanding production capacities.
API SpA.; BASF S.E.; FKuR Kunststoff GmbH; Green Dot Bioplastics; Novamont S.p.A.; Kingfa Sci. & Tech. Co., Ltd.; NatureWorks LLC.; Mitsubishi Chemical Corporation; Plantic Technologies Limited; and Total Corbion PLA are a few key players operating in the global biodegradable plastics market. Market players focus on providing high-quality products to fulfill customer demand. They also focus on strategies such as research and development investments, new product launches, and production capacity expansion.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Biodegradable Plastic Market, by Type
1.3.2 Global Biodegradable Plastic Market, by End User
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Global Biodegradable Plastic Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Global Biodegradable Plastic Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Awareness Among Customers About Adverse Effects of Conventional Plastics
5.1.2 Clean Up Efforts Taken Up By The Governments
5.2 Market Restraints
5.2.1 Cheaper Alternatives Like Conventional Plastics
5.3 Market Opportunities
5.3.1 Implementation of Biodegradable Plastics in Biomedical Applications
5.4 Future Trends
5.4.1 Emerging Use of Biodegradable Plastic in Biomedical Applications
5.5 Impact Analysis Of Drivers And Restraints
6. Global Biodegradable Plastic – Market Analysis
6.1 Global Biodegradable Plastic Market Overview
6.2 Global Biodegradable Plastic Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Global Biodegradable Plastic Market Players
7. Biodegradable Plastic Market Analysis – By Type
7.1 Overview
7.2 Biodegradable Plastic Market Breakdown, by Type, (2021 and 2028)
7.3 PHA
7.3.1 Overview
7.3.2 PHA: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
7.4 PLA
7.4.1 Overview
7.4.2 PLA: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Starch Blends
7.5.1 Overview
7.5.2 Starch Blends: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
7.6 PBS
7.6.1 Overview
7.6.2 PBS……………….. : Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
7.7 PBAT
7.7.1 Overview
7.7.2 PBAT: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Other
7.8.1 Overview
7.8.2 Other: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
8. Biodegradable Plastic Market Analysis – By End User
8.1 Overview
8.2 Biodegradable Plastic Market Breakdown, by End User, (2021 and 2028)
8.3 Packaging & Bags
8.3.1 Overview
8.3.2 Packaging & Bags: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Agriculture & Horticulture
8.4.1 Overview
8.4.2 Agriculture & Horticulture: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Pulses and Lentils
8.5.1 Overview
8.5.2 Pulses and Lentils: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
9. Biodegradable Plastic Market – Geographic Analysis
9.1 North America: Biodegradable Plastic Market
9.1.1 North America: Biodegradable Plastic Market –Revenue and Forecast to 2028 (US$ Million)
9.1.2 North America: Biodegradable Plastic Market, by Type
9.1.3 North America: Biodegradable Plastic Market, by End User
9.1.4 North America: Biodegradable Plastic Market, by Key Country
9.1.4.1 US: Biodegradable Plastic Market –Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.1 US: Biodegradable Plastic Market, by Type
9.1.5.1.2 US: Biodegradable Plastic Market, by End User
9.1.4.2 Canada: Biodegradable Plastic Market –Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.1 Canada: Biodegradable Plastic Market, by Type
9.1.4.2.2 Canada: Biodegradable Plastic Market, by End User
9.1.4.3 Mexico: Biodegradable Plastic Market –Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.1 Mexico: Biodegradable Plastic Market, by Type
9.1.4.3.2 Mexico: Biodegradable Plastic Market, by End User
9.2 Europe: Biodegradable Plastic Market
9.2.1 Europe: Biodegradable Plastic Market –Revenue and Forecast to 2028 (US$ Million)
9.2.2 Europe: Biodegradable Plastic Market, by Type
9.2.3 Europe: Biodegradable Plastic Market, by End User
9.2.4 Europe: Biodegradable Plastic Market, by Key Country
9.2.4.1 Germany: Biodegradable Plastic Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 Germany: Biodegradable Plastic Market, by Type
9.2.4.1.2 Germany: Biodegradable Plastic Market, by End User
9.2.4.2 France: Biodegradable Plastic Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 France: Biodegradable Plastic Market, by Type
9.2.4.2.2 France: Biodegradable Plastic Market, by End User
9.2.4.3 Italy: Biodegradable Plastic Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Italy: Biodegradable Plastic Market, by Type
9.2.4.3.2 Italy: Biodegradable Plastic Market, by End User
9.2.4.4 United Kingdom: Biodegradable Plastic Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.4.1 United Kingdom: Biodegradable Plastic Market, by Type
9.2.4.4.2 United Kingdom: Biodegradable Plastic Market, by End User
9.2.4.5 Russia: Biodegradable Plastic Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.5.1 Russia: Biodegradable Plastic Market, by Type
9.2.4.5.2 Russia: Biodegradable Plastic Market, by End User
9.2.4.6 Rest of Europe: Biodegradable Plastic Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.6.1 Rest of Europe: Biodegradable Plastic Market, by Type
9.2.4.6.2 Rest of Europe: Biodegradable Plastic Market, by End User
9.3 Asia-Pacific Biodegradable Plastic Market Revenue and Forecasts to 2028
9.3.1 Asia-Pacific Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.3.2 Asia-Pacific Biodegradable Plastic Market Breakdown by Type
9.3.3 Asia-Pacific Biodegradable Plastic Market Breakdown by End User
9.3.4 Asia-Pacific Biodegradable Plastic Market Breakdown, by Key Countries
9.3.4.1 Australia Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.3.4.1.1 Australia Biodegradable Plastic Market Breakdown by Type
9.3.4.1.2 Australia Biodegradable Plastic Market Breakdown by End User
9.3.4.2 China Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.3.4.2.1 China Biodegradable Plastic Market Breakdown by Type
9.3.4.2.2 China Biodegradable Plastic Market Breakdown by End User
9.3.4.3 India Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.3.4.3.1 India Biodegradable Plastic Market Breakdown by Type
9.3.4.3.2 India Biodegradable Plastic Market Breakdown by End User
9.3.4.4 Japan Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.3.4.4.1 Japan Biodegradable Plastic Market Breakdown by Type
9.3.4.4.2 Japan Biodegradable Plastic Market Breakdown by End User
9.3.4.5 South Korea Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.3.4.5.1 South Korea Biodegradable Plastic Market Breakdown by Type
9.3.4.5.2 South Korea Biodegradable Plastic Market Breakdown by End User
9.3.4.6 Rest of Asia-Pacific Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.3.4.6.1 Rest of Asia-Pacific Biodegradable Plastic Market Breakdown by Type
9.3.4.6.2 Rest of Asia-Pacific Biodegradable Plastic Market Breakdown by End User
9.4 Middle East and Africa Biodegradable Plastic Market Revenue and Forecasts to 2028
9.4.1 Middle East and Africa Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.4.2 Middle East and Africa Biodegradable Plastic Market Breakdown by Type
9.4.3 Middle East and Africa Biodegradable Plastic Market Breakdown by End User
9.4.4 Middle East and Africa Biodegradable Plastic Market Breakdown, by Key Countries
9.4.4.1 South Africa Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.4.4.1.1 South Africa Biodegradable Plastic Market Breakdown by Type
9.4.4.1.2 South Africa Biodegradable Plastic Market Breakdown by End User
9.4.4.2 Saudi Arabia Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.4.4.2.1 Saudi Arabia Biodegradable Plastic Market Breakdown by Type
9.4.4.2.2 Saudi Arabia Biodegradable Plastic Market Breakdown by End User
9.4.4.3 UAE Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.4.4.3.1 UAE Biodegradable Plastic Market Breakdown by Type
9.4.4.3.2 UAE Biodegradable Plastic Market Breakdown by End User
9.4.4.4 Rest of Middle East and Africa Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.4.4.4.1 Rest of Middle East & Africa Biodegradable Plastic Market Breakdown by Type
9.4.4.4.2 Rest of Middle East & Africa Biodegradable Plastic Market Breakdown by End User
9.5 South and Central America Biodegradable Plastic Market Revenue and Forecasts to 2028
9.5.1 South and Central America Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.5.2 South and Central America Biodegradable Plastic Market Breakdown by Type
9.5.3 South and Central America Biodegradable Plastic Market Breakdown by End User
9.5.4 South and Central America Biodegradable Plastic Market Breakdown, by Key Countries
9.5.4.1 Brazil Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.5.4.1.1 Brazil Biodegradable Plastic Market Breakdown by Type
9.5.4.1.2 Brazil Biodegradable Plastic Market Breakdown by End User
9.5.4.2 Argentina Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.5.4.2.1 Argentina Biodegradable Plastic Market Breakdown by Type
9.5.4.2.2 Argentina Biodegradable Plastic Market Breakdown by End User
9.5.4.3 Rest of South and Central America Biodegradable Plastic Market Revenue Forecasts to 2028 (US$ Million)
9.5.4.3.1 Rest of South and Central America Biodegradable Plastic Market Breakdown by Type
9.5.4.3.2 Rest of South and Central America Biodegradable Plastic Market Breakdown by End User
10. Impact of COVID-19 Pandemic on Biodegradable Plastic Market
11.1 Impact of COVID-19 on Biodegradable Plastic Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.6 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New End User Development
12.4 Merger & Acquisition
12. Company Profiles
12.1 API SPA
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. End Users and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BASF SE
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. End Users and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. FKUR KUNSTSTOFF GMBH
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. End Users and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. GREEN DOT BIOPLASTICS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. End Users and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. NOVAMONT S.P.A.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. End Users and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. KINGFA SCI. & TECH. CO., LTD.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. End Users and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NATUREWORKS LLC
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. End Users and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. MITSUBISHI CHEMICAL CORPORATION
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. End Users and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. PLANTIC TECHNOLOGIES LIMITED
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. End Users and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. TOTAL CORBION PLA
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. End Users and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Global Biodegradable Plastic Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. US Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 10. Europe Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Germany Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 14. France Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. France Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 18. UK Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. UK Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe Biodegradable Plastic Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 24. Asia Pacific Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Asia Pacific Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 26. Australia Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Australia Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 28. China Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. China Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 30. India Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. India Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 32. Japan Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Japan Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 34. South Korea Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Asia Pacific Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Asia Pacific Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 38. Middle East and Africa Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Middle East and Africa Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 40. South Africa Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 41. South Africa Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 42. Saudi Arabia Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. Saudi Arabia Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 44. UAE Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. UAE Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Middle East and Africa Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of Middle East and Africa Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 48. South and Central America Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. South and Central America Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 50. Brazil Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. Brazil Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 52. Argentina Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. Argentina Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of South and Central America Biodegradable Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of South and Central America Biodegradable Plastic Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 56. Glossary of Terms, Global Biodegradable Plastic Market
LIST OF FIGURES
Figure 1. Global Biodegradable Plastic Market Segmentation
Figure 2. Global Biodegradable Plastic Market Segmentation – By Geography
Figure 3. Global Biodegradable Plastic Market Overview
Figure 4. Global Biodegradable Plastic Market, By Type
Figure 5. Global Biodegradable Plastic Market, by Geography
Figure 6. Global Biodegradable Plastic Market, Key Market Players
Figure 7. Porter’s Five Forces Analysis
Figure 8. Ecosystem: Global Biodegradable Plastic Market
Figure 9. Expert Opinion
Figure 10. Biodegradable Plastic Market Impact Analysis Of Driver And Restraints
Figure 11. Geographic Overview of Global Biodegradable Plastic Market
Figure 12. Global Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Global Biodegradable Plastic Market Breakdown, by Type, 2021 & 2028
Figure 14. PHA: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. PLA: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Starch: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. PBS: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. PBAT: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Other: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Global Biodegradable Plastic Market Breakdown, by End User, 2021 & 2028
Figure 21. Global Biodegradable Plastic Market Breakdown, by End User, 2021 & 2028
Figure 22. Packaging & Bags: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Agriculture & Horticulture: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Consumer Goods: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Global Biodegradable Plastic Market Revenue Share, By Region (2021 and 2028)
Figure 27. North America: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America: Biodegradable Plastic Market Revenue Share, by Type (2021 and 2028)
Figure 29. North America: Biodegradable Plastic Market Revenue Share, by End User (2021 and 2028)
Figure 30. North America: Biodegradable Plastic Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. US: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Mexico: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Europe: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe: Biodegradable Plastic Market Revenue Share, by Type (2021 and 2028)
Figure 36. Europe: Biodegradable Plastic Market Revenue Share, by End User (2021 and 2028)
Figure 37. Europe: Biodegradable Plastic Market Revenue Share, by Key Country (2021 and 2028)
Figure 38. Germany: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. France: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Italy: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. UK: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Russia: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of Europe: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Asia-Pacific: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Asia-Pacific: Biodegradable Plastic Market Revenue Share, by Type (2021 and 2028)
Figure 46. Asia-Pacific: Biodegradable Plastic Market Revenue Share, by End User (2021 and 2028)
Figure 47. Asia-Pacific: Biodegradable Plastic Market Revenue Share, by Key Country (2021 and 2028)
Figure 48. Australia: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. China: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. India: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Japan: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. South Korea: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of Asia-Pacific: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Middle East and Africa: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. Middle East and Africa: Biodegradable Plastic Market Revenue Share, by Type (2021 and 2028)
Figure 56. Middle East and Africa: Biodegradable Plastic Market Revenue Share, by End User (2021 and 2028)
Figure 57. Middle East and Africa: Biodegradable Plastic Market Revenue Share, by Key Country (2021 and 2028)
Figure 58. South Africa: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Saudi Arabia: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. UAE: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of Middle East and Africa: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. South and Central America Biodegradable Plastic Market Revenue and Forecast to 2028 (US$ Million)
Figure 63. South and Central America: Biodegradable Plastic Market Revenue Share, by Type (2021 and 2028)
Figure 64. South and Central America: Biodegradable Plastic Market Revenue Share, by End User (2021 and 2028)
Figure 65. South and Central America: : Biodegradable Plastic Market Revenue Share, by Key Country (2021 and 2028)
Figure 66. Brazil: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Argentina: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. Rest of South and Central America: Biodegradable Plastic Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Impact of COVID-19 Pandemic in North America
Figure 70. Impact of COVID-19 Pandemic in Europe
Figure 71. Impact of COVID-19 Pandemic in Asia Pacific
Figure 72. Impact of COVID-19 Pandemic in Middle East & Africa
Figure 73. Impact of COVID-19 Pandemic in South & Central America
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global biodegradable plastics market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global biodegradable plastics market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the biodegradable plastics market as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
The List of Companies – Biodegradable Plastics Market
• BASF SE
• Novamont SpA
• NatureWorks LLC
• Mitsubishi Chemical Corporation
• Total Corbion PLA
• Plantic Technologies Limited
• Kingfa Sci. & Tech. Co., Ltd
• Green Dot Bioplastics
• FKuR Kunststoff GmbH
• API SpA
The scope of our recent study on the “Biodegradable Plastics Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and End User” includes the factors fueling the market growth, revenue estimation, and forecast; market share analysis; and significant market players’ identification and their key developments.
The biodegradable plastics market size is expected to grow from US$ 7,331.11 million in 2022 to US$ 20,840.29 million by 2028; it is estimated to register a CAGR of 19.0% from 2022 to 2028. The biodegradable plastics market growth is attributed to the increasing demand from various end-use industries. The biodegradable plastics market is highly competitive, owing to the presence of many regional and global players. Players compete based on product quality, product differentiation, and price. Market players are adopting different strategies to stand out as strong competitors.
Based on type, the global biodegradable plastics market is segmented into PLA, PHA, starch blends, PBS, PBAT, and others. The starch blends segment is expected to account for the largest market share during the forecast period. The starch blend polymers are biodegradable polymeric materials composed of cellulosic-based biomaterials that enzymes and microorganisms can degrade. The combination of starch and polyolefin gives a single material carrying the biodegradation properties of starch with the thermal, mechanical, and barrier properties of polyolefin. Starch is a naturally occurring polymer found in plants such as corn, rice, and potatoes as water-insoluble granules. Starch has been receiving growing attention as raw material for the production of films due to the lack of availability of conventional film-forming resins. The low permeability of starch films has favored its application in food packaging. In the granular state, starch blends are used as a component in synthetic polymer blends and as a filling agent for polyolefin. The starches can be modified using grafting with vinyl monomers such as methyl acrylate.
The global biodegradable plastics market is segmented into five regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Europe held the largest revenue share of the global biodegradable plastics market in 2022. Major factors driving the biodegradable plastics market in Europe are the increasing use of biodegradable plastics in various end-use industries, growing awareness among customers about the adverse effects of conventional plastics, rising initiatives taken by governments, and the presence of prominent players in the region.
Impact of COVID-19 Pandemic on Biodegradable Plastics Market
Many economies were adversely affected due to the impacts of COVID-19 pandemic. COVID-19 outbreak created a temporary distortion in the operational efficiencies of industrial bases. The operations of various end-use industries, including textiles and consumer goods, declined or were negligible across the world due to the shortage of laborers and the disrupted supply chain of raw materials. However, the operations of various end-use industries revived in 2021, which positively affected the biodegradable plastics market.
Global Biodegradable Plastics Market Breakdown – by Region
The report includes the segmentation of the global biodegradable plastics market as follows:
The global biodegradable plastics market is segmented into type, end user, and geography. The biodegradable plastics market, based on type, is segmented into PLA, PHA, starch blends, PBS, PBAT, and others. Based on end users, the market is segmented into packaging and bags, agriculture and horticulture, consumer goods, and others. The global biodegradable plastics market, by geography, is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North American biodegradable plastics market is further segmented into the US, Canada, and Mexico. The Europe biodegradable plastics market is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific biodegradable plastics market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America biodegradable plastics market is further segmented into Brazil, Argentina, and the Rest of South & Central America.
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