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PUBLISHER: Grand View Research | PRODUCT CODE: 1170889
PUBLISHER: Grand View Research | PRODUCT CODE: 1170889
North America Biodegradable Plastic Market Size, Share & Trends Analysis Report By Product (Starch-based, PLA, PBS, PBAT, PHA, Polycaprolactone), By Application (Packaging, Agriculture), By Country, And Segment Forecasts, 2022 - 2030
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North America Biodegradable Plastic Market Growth & Trends:
The North America biodegradable plastic market size is expected to reach USD 2,333.1 million by 2030, registering a CAGR of 9.6% during the forecast period, according to a new report by Grand View Research, Inc. With rising concerns about the use of plastics, an increase in demand for alternatives used for plastics has been observed in the market. With the pace of innovation and new product development, manufacturers in the market are shifting their focus toward the development of biodegradable plastics. Companies are continuously developing product lines using biodegradable and recycled materials to address the concerns regarding the toxic effects of plastic waste. A large number of small and medium-scale businesses have committed to using recycled or sustainably sourced materials by a specific time frame.
This shift has further gained pace since the outbreak of the coronavirus as it has severely affected consumer buying behavior and their preference when choosing products and services. Consumers are now more conscious of the environmental impact, recyclability, and decomposition time in landfills of the products. This is likely to compel customers to buy products made from biodegradable plastics over those made from conventional plastics.
Even though biodegradable plastics are gaining popularity all over the world, their high cost as compared to conventional plastics is the major factor restraining the market growth. Currently, low prices of conventional plastics are making biodegradable plastics difficult to achieve competitive pricing. Apart from the cost, the lack of infrastructures such as waste collection and composting is an uphill challenge. The average price of biodegradable plastics ranges between USD 3.35 and USD 4.69 per kg, which is slightly costlier than that of other conventional polymers.
Although biodegradable plastics have several advantages over conventional plastics, they cannot be used to completely replace petroleum-based plastics owing to the low durability of biodegradable plastics. The cost of machinery and molds needed for the production of biodegradable plastics products is high. The manufacturing of biodegradable plastics products requires advanced technology with highly skilled labor to handle the same. The high initial investment is projected to challenge the market growth during the forecast period.
North America Biodegradable Plastic Market Report Highlights:
- In terms of revenue, the polybutylene adipate Terephthalate (PBAT) type accounted for a prominent share of the market in 2021 and is further expected to witness prominent growth during the forecast period owing to its excellent toughness and high flexibility compared to its counterparts are paving way for its use in industries such as packaging, medical, and agriculture
- Consumer goods application is one of the key segments of the biodegradable plastics market in North America. The key consumer goods considered under this segment are electronic devices, household appliances, and others. Several products such as vacuum cleaners, loudspeakers, touchscreen computer casings, and mobile casings are also developed from the biodegradable plastics
- As of 2021, theU.S. accounted for more than 80.0% of the market share in terms of revenue. The U.S. biodegradable plastics market has been witnessing a significant rise in demand owing to the increasing usage of biodegradable plastics for medical applications. Biodegradable plastics such as PLA are being increasingly used for manufacturing personal protection equipment such as masks, face shields, and other medical equipment
- The North America biodegradable plastics market is fragmented with the presence of various major players along with some small and medium-sized regional players. The North American players face intense competition from each other as well as from regional players having a well-established supply chain network and are aware of the regulations and suppliers across markets
- Companies in the market compete based on the quality of products offered and the technology used for the production of biodegradable plastics. Major players are involved in mergers & acquisitions, expansion of their manufacturing facilities, infrastructural development, investment in the research & development facilities, and seeking opportunities to vertically integrate their operations across the value chain.
Product Code: GVR-4-68039-992-7
Table of Contents
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
- 2.1 Market Summary
- 2.2 Segmental Outlook
Chapter 3 North America Biodegradable Plastic Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Biodegradble Plastics Market Outlook
- 3.2 North America Biodegradable Plastic Market - Penetration & Growth Prospect Mapping
- 3.3 North America Biodegradable Plastic Market: Industry Value Chain Analysis
- 3.3.1 Raw Material Trends
- 3.3.1.1 Polypropylene (PP)
- 3.3.1.2 Polyethylene Terephthalate (PET)
- 3.3.2 Manufacturing Trends
- 3.3.1 Raw Material Trends
- 3.4 Regulatory Framework
- 3.4.1 Standard & Compliances
- 3.4.1.1 Polyethylene terephthalate (PET)
- 3.4.1.2 Polyethylene (PE)
- 3.4.1.3 Polyvinyl chloride (PVC)
- 3.4.1.4 Acrylonitrile butadiene styrene (ABS)
- 3.4.1.5 Polystyrene (PS)
- 3.4.2 Safety
- 3.4.2.1 Polyurethane (PU)
- 3.4.2.2 polypropylene (PP)
- 3.4.1 Standard & Compliances
- 3.5 Market variables analysis
- 3.5.1 Market Driver Analysis
- 3.5.1.1 Growing utilization of Renewable & Bio - Based Products across multiple industries
- 3.5.1.2 Growing Demand from Flexible packaging industry
- 3.5.2 Market Restraint Analysis
- 3.5.2.1 Cost Competitiveness of Biodegradable Plastics Over Conventional Plastics
- 3.5.3 Industry Challenge: Shortcomings of Biodegradable Plastics
- 3.5.4 New market avenues
- 3.5.1 Market Driver Analysis
- 3.6 Impact of COVID - 19 on North America Biodegradable Plastics Market
- 3.7 Impact of Eastern Europe Geopolitical Implications on North America Biodegradable Plastics Market
- 3.8 Biodegradable Plastics Market
- 3.8.1 Porter's Five Force analysis
- 3.8.2 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 North America Biodegradable Plastic Market Estimates and Forecasts, By starch based, 2019 - 2030 (Kilotons) (USD Million)
- 4.3 Polylactic Acid (PLA)
- 4.3.1 North America Biodegradable Plastic Market Estimates and Forecasts, By polylactic Acid (PLA), 2019 - 2030 (Kilotons) (USD Million)
- 4.4 Polybutylene Succinate (PBS)
- 4.4.1 North America Biodegradable Plastic Market Estimates and Forecasts, By polybutylene succinate (PBS), 2019 - 2030 (Kilotons) (USD Million)
- 4.5 Polybutylene Adipate Terephthalate (PBAT)
- 4.5.1 North America Biodegradable Plastic Market Estimates and Forecasts, By polybutylene adipate terephthalate (PBAT), 2019 - 2030 (Kilotons) (USD Million)
- 4.6 Polyhydroxyalkanoate (PHA)
- 4.6.1 North America Biodegradable Plastic Market Estimates and Forecasts, By polyhydroxyalkanoate (PHA), 2019 - 2030 (Kilotons) (USD Million)
- 4.7 Polycaprolactone
- 4.7.1 North America Biodegradable Plastic Market Estimates and Forecasts, By polycaprolactone, 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 North America Biodegradable Plastic Market Estimates and Forecasts, By packaging, 2019 - 2030 (Kilotons) (USD Million)
- 5.3 Agriculture
- 5.3.1 North America Biodegradable Plastic Market Estimates and Forecasts, By agriculture, 2019 - 2030 (Kilotons) (USD Million)
- 5.4 Consumer Goods
- 5.4.1 North America Biodegradable Plastic Market Estimates and Forecasts, By consumer goods, 2019 - 2030 (Kilotons) (USD Million)
- 5.5 Textile
- 5.5.1 North America Biodegradable Plastic Market Estimates and Forecasts, By textile, 2019 - 2030 (Kilotons) (USD Million)
- 5.6 Others
- 5.6.1 North America Biodegradable Plastic Market Estimates and Forecasts, By others, 2019 - 2030 (Kilotons) (USD Million)
Chapter 6 North America Biodegradable Plastics Market: Country Market Estimates & Trend Analysis
- 6.1 North America Biodegradable Plastics Market: Country Movement Analysis, 2021 & 2030
- 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. North America Biodegradable Plastics Market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.2.5 U.S. Biodegradable Plastics Market estimates and forecasts, by product, 2019 - 2030 (Kilotons) (USD Million)
- 6.2.6 U.S. Biodegradable Plastics Market estimates and forecasts, by Application, 2019 - 2030 (Kilotons) (USD Million)
- 6.2.7 Canada
- 6.2.7.1 Canada North America Biodegradable Plastics Market estimates and forecasts, 2019 - 2030 (Kilotons) (USD Million)
- 6.2.8 Canada Biodegradable Plastics Market estimates and forecasts, by product, 2019 - 2030 (Kilotons) (USD Million)
- 6.2.9 Canada Biodegradable Plastics Market estimates and forecasts, by Application, 2019 - 2030 (Kilotons) (USD Million)
Chapter 7 Competitive Landscape
- 7.1 Key North America players, recent developments, & their impact on the industry
- 7.2 North America Biodegradable Plastic Market - Vendor Landscape
- 7.2.1 List of key distributors and channel partners
- 7.2.2 List of potential customers/end - users
- 7.3 Public Companies
- 7.3.1 Competitive Dashboard Analysis
Chapter 8 Company Profiles
- 8.1 BASF SE
- 8.1.1 Company Overview
- 8.1.2 Financial Performance
- 8.1.3 Product benchmarking
- 8.1.4 Strategic Initiatives
- 8.2 Eastman Chemical Company
- 8.2.1 Company Overview
- 8.2.2 Financial Performance
- 8.2.3 Product benchmarking
- 8.2.4 Strategic Initiatives
- 8.3 Cargill, Incorporated
- 8.3.1 Company Overview
- 8.3.2 Financial performance
- 8.3.3 Product benchmarking
- 8.4 SABIC
- 8.4.1 Company Overview
- 8.4.2 Financial performance
- 8.4.3 Product benchmarking
- 8.5 Dow Inc.
- 8.5.1 Company Overview
- 8.5.2 Financial Performance
- 8.5.3 Product benchmarking
- 8.6 Danimer Scientific
- 8.6.1 Company Overview
- 8.6.2 Financial Performance
- 8.6.3 Strategic Initiatives
- 8.7 Yield10 Bioscience, Inc.
- 8.7.1 Company Overview
- 8.7.2 Financial Performance
- 8.7.3 Product benchmarking
- 8.8 NatureWorks LLC
- 8.8.1 Company Overview
- 8.8.2 Product Benchmarking
- 8.9 ENSO Plastics
- 8.9.1 Company Overview
- 8.9.2 Product benchmarking
- 8.10 Green Dot Bioplastics, Inc.
- 8.10.1 Company Overview
- 8.10.2 Product Benchmarking
Product Code: GVR-4-68039-992-7
List of Tables
- Table 1 List of Abbreviations
- Table 2 North America Biodegradable Plastic market estimates and forecasts, by starch based, 2019 - 2030 (Kilotons) (USD Million)
- Table 3 North America Biodegradable Plastic market estimates and forecasts, by polylactic acid (PLA), 2019 - 2030 (Kilotons) (USD Million)
- Table 4 North America Biodegradable Plastic market estimates and forecasts, by polybutylene succinate (PBS), 2019 - 2030 (Kilotons) (USD Million)
- Table 5 North America Biodegradable Plastic market estimates and forecasts, by polybutylene adipate terephthalate (PBAT), 2019 - 2030 (Kilotons) (USD Million)
- Table 6 North America Biodegradable Plastic market estimates and forecasts, by polyhydroxyalkanoate (PHA), 2019 - 2030 (Kilotons) (USD Million)
- Table 7 North America Biodegradable Plastic market estimates and forecasts, by polycaprolactone, 2019 - 2030 (Kilotons) (USD Million)
- Table 8 North America Biodegradable Plastic market estimates and forecasts, by packaging, 2019 - 2030 (Kilotons) (USD Million)
- Table 9 North America Biodegradable Plastic market estimates and forecasts, by packaging, 2019 - 2030 (Kilotons) (USD Million)
- Table 10 North America Biodegradable Plastic market estimates and forecasts, by consumer goods, 2019 - 2030 (Kilotons) (USD Million)
- Table 11 North America Biodegradable Plastic market estimates and forecasts, by textile, 2019 - 2030 (Kilotons) (USD Million)
- Table 12 North America Biodegradable Plastic market estimates and forecasts, by others, 2019 - 2030 (Kilotons) (USD Million)
- Table 13 North America Biodegradable Plastics Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- Table 14 North America Biodegradable Plastics Market estimates and forecast, by product, 2019 - 2030 (Kilotons)
- Table 15 North America Biodegradable Plastics Market estimates and forecast, by product, 2019 - 2030 (USD Million)
- Table 16 North America Biodegradable Plastics Market estimates and forecast, by application, 2019 - 2030 (Kilotons)
- Table 17 North America North America Biodegradable Plastics Market estimates and forecast, by application, 2019 - 2030 (USD Million)
- Table 18 U.S. Biodegradable Plastics Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- Table 19 U.S. Biodegradable Plastics Market estimates and forecast, by product, 2019 - 2030 (Kilotons)
- Table 20 U.S. Biodegradable Plastics Market estimates and forecast, by product, 2019 - 2030 (USD Million)
- Table 21 U.S. Biodegradable Plastics Market estimates and forecast, by application, 2019 - 2030 (Kilotons)
- Table 22 U.S. Biodegradable Plastics Market estimates and forecast, by application, 2019 - 2030 (USD Million)
- Table 23 Canada Biodegradable Plastics Market estimates and forecast, 2019 - 2030 (Kilotons) (USD Million)
- Table 24 Canada Biodegradable Plastics Market estimates and forecast, by product, 2019 - 2030 (Kilotons)
- Table 25 Canada Biodegradable Plastics Market estimates and forecast, by product, 2019 - 2030 (USD Million)
- Table 26 Canada Biodegradable Plastics Market estimates and forecast, by application, 2019 - 2030 (Kilotons)
- Table 27 Canada Biodegradable Plastics Market estimates and forecast, by application, 2019 - 2030 (USD Million)
List of Figures
- Fig. 1 Information procurement
- Fig. 2 Primary research pattern
- Fig. 3 Primary Research Process
- Fig. 4 Market research approaches - Bottom-Up Approach
- Fig. 5 Market research approaches - Top-Down Approach
- Fig. 6 Market research approaches - Combined Approach
- Fig. 7 North America biodegradable plastic Market- Market Snapshot
- Fig. 8 North America biodegradable plastic Market- Segment Snapshot (1/2)
- Fig. 9 North America biodegradable plastic Market- Segment Snapshot (2/2)
- Fig. 10 North America biodegradable plastic Market- Competitive Landscape Snapshot
- Fig. 11 North America biodegradable plastic Market: Penetration & Growth Prospect Mapping
- Fig. 12 North America biodegradable plastic Market: Value Chain Analysis
- Fig. 13 U.S. Healthcare Expenditure, 2017-2021 (USD Billion)
- Fig. 14 Global cancer cases, by region, 2021 (% share)
- Fig. 15 Brent and West Texas Intermediate (WTI) Crude Oil Prices, 2017-2022 (USD/Barrel)
- Fig. 16 North America biodegradable plastic Market: Porter's Five Force Analysis
- Fig. 17 North America biodegradable plastic Market: PESTEL Analysis
- Fig. 18 North America biodegradable plastic market: Product movement analysis, 2021 & 2030
- Fig. 19 North America biodegradable plastic Market: Application movement analysis, 2021 & 2030
- Fig. 20 North America biodegradable plastic Market: Regional Movement Analysis, 2021 & 2030
- Fig. 21 North America biodegradable plastic Market: Competitive Dashboard Analysis
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