PUBLISHER: Renub Research | PRODUCT CODE: 1313775
PUBLISHER: Renub Research | PRODUCT CODE: 1313775
Biodegradable Plastics Market, Size, Global Forecast 2023-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis
Global Biodegradable Plastic Market is expected to reach US$ 14.43 Billion by 2030, according to Renub Research. Biodegradable plastics degrade via microbial action, gaining popularity through extensive R&D. Industries invest in sustainable production with renewable resources for growth. Market analysis predicts future trends using system dynamics modeling, projecting global production capacity by 2030. Public awareness of plastic pollution drives the demand for improved plastic management, boosting bio-based and biodegradable plastic usage. Governments are enacting legislation to limit single-use plastics and support eco-friendly alternatives. This, along with customers' willingness to spend extra for biodegradable plastics, is driving market expansion. Bioplastics are finding applications in diverse sectors like packaging, water, beverages, insulation materials, and specialty materials, offering promising opportunities for sustainable solutions globally.
Global biodegradable plastics market shall grow at a CAGR of 13.38% during 2022-2030.
Concerns about plastic pollution and environmental preservation are driving important advances in biodegradable plastics. Research to improve their attributes and capabilities, such as toughness and adaptability, is among the most significant advancements. Regulatory activities worldwide incentivize and restrict biodegradable substitutes, expanding their market. Consumer demand for sustainability and awareness, coupled with a willingness to pay more for eco-friendly solutions, drives growth. Collaboration among industry players fosters innovation and market expansion. Improved waste management infrastructure, including composting facilities and advanced recycling technologies, aids in proper disposal and management. Biodegradable plastics may now be used in more places because of technological developments like bio-based feed stocks. Investor funding for research and commercialization initiatives demonstrates the robust market potential. Many nations want to achieve net zero emissions globally to stop a global warming disaster. In addition, businesses are putting more emphasis on finding sustainable solutions. All necessary packaging materials, from food products to finished items, may be swapped out for biodegradable plastics. As a result, Global Biodegradable Plastics Market was valued at US$ 5.28 Billion in 2022.
Plastics made from PLA are quickly gaining momentum in the Biodegradable Plastics market.
By Material Type, the global biodegradable plastics market is segmented into PBAT, PBS, PLA, PHA, Starch blends, and others. An environmentally acceptable substitute for conventional plastics is polylactic acid, often known as polylactide, a renewable polymer made from plant materials like sugarcane or cornstarch. For a variety of uses, such as disposable cutlery, food containers, packaging, and 3D printing, its biodegradability and low carbon footprint make it appealing. Enterprises and consumers alike favor PLA due to its versatility and environmentally acceptable qualities. The market demand for PLA products is growing as sustainability becomes a priority and governments and industries focus on reducing plastic waste. With advancements in PLA production techniques and increasing consumer awareness about environmental issues, the adoption of PLA plastics is expected to continue expanding. This trend not only contributes to a more sustainable future, but it also creates potential for new product development and a greener, more responsible plastic sector.
Moreover, Starch has gained popularity as a material for developing biodegradable plastics due to its affordability and widespread availability compared to other natural polymers. However, starch has certain limitations, such as poor water resistance and low strength, which necessitate blending with other polymers to achieve desired mechanical properties. The commercial development of starch blends has progressed through different stages. The aim was to enhance degradability and reduce costs. These starch blends are only partially biodegradable. Currently, starch blends primarily involve blending thermoplastic starch (TPS) with other biodegradable plastics. Partially biodegradable starch blends, marketed as "biodegradable starch plastic," remain widespread in multiple countries. These starch-based polymers serve as a sustainable substitute for traditional plastics in the automotive, packaging, and agricultural industries. With their biodegradability and reduced environmental impact, they contribute to a greener approach.
The packaging Industry is pushing the demand for biodegradable polymers.
By Application, the global biodegradable plastics market is divided into Packaging, Agriculture, Consumer goods, and Others. Packaging is a key driver for biodegradable plastics, meeting the growing demand for sustainable alternatives. These plastics offer natural degradation and waste reduction, addressing concerns about traditional plastic's environmental impact. Biodegradable plastics find applications in food containers, bags, wraps, trays, and bottles, delivering comparable functionality and product protection. Consumer preference for eco-friendly options supports the adoption of biodegradable packaging, enhancing brand reputation and customer loyalty. Government restrictions drive the eco-friendly industry, while material and manufacturing advancements improve biodegradable packaging's performance, such as barrier characteristics and compostability. As sustainability becomes a worldwide issue, the need for biodegradable packaging will rise, decreasing waste and fostering a more sustainable future.
The future of the French biodegradable plastic market looks promising, with upcoming trends and advancements expected to shape the landscape.
The global biodegradable plastics market is made up of several countries, including the United States, Canada, France, Germany, the United Kingdom, Italy, the Netherlands, Spain, China, South Korea, Japan, India, Indonesia, Malaysia, Argentina, Brazil, Mexico, Colombia, Saudi Arabia, Australia, South Africa, Israel, and the United Arab Emirates. Due to client demand and environmental goals, France's biodegradable plastic business is predicted to flourish. France's dedication to sustainability will result in a cleaner future and higher use of biodegradable plastics. Government assistance in the form of incentives, subsidies, and restrictions will boost industrial expansion and encourage technical and manufacturing advances. Ongoing research and development will increase biodegradable polymers' durability, flexibility, and cost. Companies that react to the increased demand for eco-friendly goods might improve their sustainability image.
Key Company
The globally biodegradable plastic market is dominated by Total Corbion, Mitsubishi Chemical Holding Corporation, Toray Industries, BASF SE, Green Dot Bioplastics, and Amcor Limited. As part of their dedication to sustainability, they provide innovative biodegradable plastic solutions for a variety of industries, including packaging, automotive, and consumer products.
Renub Research latest report "Biodegradable Plastic Market, Global Forecast By Material Type (PBAT, PBS, PLA, PHA, Starch Blends and Others), Applications (Packaging, Agriculture, Consumer Goods and others), Countries (United States, Canada, Germany, the United Kingdom, France, Italy, the Netherlands, Spain, China, South Korea, Japan, India, Indonesia, Malaysia, Argentina, Brazil, Mexico, Colombia, Saudi Arabia, South Africa, Israel, Australia, and the UAE), Companies (Total Corbion, Mitsubishi Chemical Holding Corporation, Toray Industries, BASF SE, Green Dot Bioplastics, and Amcor Limited)" provides a detailed analysis of Global Biodegradable Plastic Industry.
Material Type - Global Biodegradable Plastic Market & Volume have been covered from 6 viewpoints:
- 1. PBAT
- 2. PBS
- 3. PLA
- 4. PHA
- 5. Starch Blends
- 6. Others
Applications - Global Biodegradable Plastic Market have been covered from 4 viewpoints:
- 1. Packaging
- 2. Agriculture
- 3. Consumer Goods
- 4. Others
Country - Global Biodegradable Plastic Market have been covered from all the 23 Countries:
- 1. North America
- 1.1. United States
- 1.2. Canada
- 2. Latin America
- 2.1. Argentina
- 2.2. Brazil
- 2.3. Mexico
- 2.4. Colombia
- 3. Europe
- 3.1. Germany
- 3.2. United Kingdom
- 3.3. France
- 3.4. Italy
- 3.5. Netherlands
- 3.6. Spain
- 4. Asia Pacific
- 4.1. China
- 4.2. South Korea
- 4.3. Japan
- 4.4. India
- 4.5. Indonesia
- 4.6. Malaysia
- 4.7. Australia
- 5. Middle East & Africa
- 5.1. Saudi Arabia
- 5.2. UAE
- 5.3. Israel
- 5.4. South Africa
Company Insights:
- Overview
- Recent Developments
- Sales Analysis
Companies Covered:
- 1. Total Corbion
- 2. Mitsubishi Chemical Holding Corporation
- 3. Toray Industries
- 4. BASF SE
- 5. Green Dot Bioplastics
- 6. Amcor Limited
Table of Contents
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Biodegradable Plastics
- 5.1 Market
- 5.2 Volume
6. Share Analysis
- 6.1 Market Share
- 6.1.1 By Material Type
- 6.1.2 By Application
- 6.1.3 By Country
- 6.2 Volume Share
- 6.2.1 By Material Type
7. Material Type
- 7.1 Polybutylene adipate Terephthalate (PBAT)
- 7.1.1 Market
- 7.1.2 Volume
- 7.2 Polybutylene Succinate (PBS)
- 7.2.1 Market
- 7.2.2 Volume
- 7.3 Polylactic Acid (PLA)
- 7.3.1 Market
- 7.3.2 Volume
- 7.4 Polyhydroxyalkanoate (PHA)
- 7.4.1 Market
- 7.4.2 Volume
- 7.5 Starch Blends
- 7.5.1 Market
- 7.5.2 Volume
- 7.6 Others
- 7.6.1 Market
- 7.6.2 Volume
8. Applications Market
- 8.1 Packaging
- 8.2 Agriculture
- 8.3 Consumer Goods
- 8.4 Others
9. Country - Global Biodegradable Plastic Market have been covered from all the 23 Countries:
- 9.1 North America
- 9.1.1 United States
- 9.1.2 Canada
- 9.2 Latin America
- 9.2.1 Argentina
- 9.2.2 Brazil
- 9.2.3 Mexico
- 9.2.4 Colombia
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 United Kingdom
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Netherlands
- 9.3.6 Spain
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 South Korea
- 9.4.3 Japan
- 9.4.4 India
- 9.4.5 Indonesia
- 9.4.6 Malaysia
- 9.4.7 Australia
- 9.5 Middle East & Africa
- 9.5.1 Saudi Arabia
- 9.5.2 UAE
- 9.5.3 Israel
- 9.5.4 South Africa
10. Porter's Five Analysis - Global Biodegradable Plastics Market
- 10.1 Bargaining Power of Buyers
- 10.2 Bargaining Power of Suppliers
- 10.3 Degree of Rivalry
- 10.4 Threat of New Entrants
- 10.5 Threat of Substitutes
11. SWOT Analysis - Global Biodegradable Plastics Market
- 11.1 Strength
- 11.2 Weakness
- 11.3 Opportunity
- 11.4 Threat
12. Company Analysis
- 12.1 Total Corbion
- 12.1.1 Overview
- 12.1.2 Recent Developments
- 12.1.3 Sales Analysis
- 12.2 Mitsubishi Chemical Holding Corporation
- 12.2.1 Overview
- 12.2.2 Recent Developments
- 12.2.3 Sales Analysis
- 12.3 Toray Industries
- 12.3.1 Overview
- 12.3.2 Recent Developments
- 12.3.3 Sales Analysis
- 12.4 BASF SE
- 12.4.1 Overview
- 12.4.2 Recent Developments
- 12.4.3 Sales Analysis
- 12.5 Green Dot Bioplastics
- 12.5.1 Overview
- 12.5.2 Recent Developments
- 12.5.3 Sales Analysis
- 12.6 Amcor Limited
- 12.6.1 Overview
- 12.6.2 Recent Developments
- 12.6.3 Sales Analysis
List of Figures
- Figure-01: Global - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-02: Global - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-03: Global - Biodegradable PlasticVolume (Thousand Tons), 2018 - 2022
- Figure-04: Global - Forecast for Biodegradable PlasticVolume (Thousand Tons), 2023 - 2030
- Figure-05: Material Type - Polybutylene adipate Terephthalate (PBAT) Market (Million US$), 2018 - 2022
- Figure-06: Material Type - Forecast for Polybutylene adipate Terephthalate (PBAT) Market (Million US$), 2023 - 2030
- Figure-07: Material Type - Polybutylene adipate Terephthalate (PBAT) Volume (Thousand Tons), 2018 - 2022
- Figure-08: Material Type - Forecast for Polybutylene adipate Terephthalate (PBAT) Volume (Thousand Tons), 2023 - 2030
- Figure-09: Material Type - Polybutylene Succinate (PBS) Market (Million US$), 2018 - 2022
- Figure-10: Material Type - Forecast for Polybutylene Succinate (PBS) Market (Million US$), 2023 - 2030
- Figure-11: Material Type - Polybutylene Succinate (PBS) Volume (Thousand Tons), 2018 - 2022
- Figure-12: Material Type - Forecast for Polybutylene Succinate (PBS) Volume (Thousand Tons), 2023 - 2030
- Figure-13: Material Type - Polylactic Acid (PLA) Market (Million US$), 2018 - 2022
- Figure-14: Material Type - Forecast for Polylactic Acid (PLA) Market (Million US$), 2023 - 2030
- Figure-15: Material Type - Polylactic Acid (PLA) Volume (Thousand Tons), 2018 - 2022
- Figure-16: Material Type - Forecast for Polylactic Acid (PLA) Volume (Thousand Tons), 2023 - 2030
- Figure-17: Material Type - Polyhydroxyalkanoate (PHA) Market (Million US$), 2018 - 2022
- Figure-18: Material Type - Forecast for Polyhydroxyalkanoate (PHA) Market (Million US$), 2023 - 2030
- Figure-19: Material Type - Polyhydroxyalkanoate (PHA) Volume (Thousand Tons), 2018 - 2022
- Figure-20: Material Type - Forecast for Polyhydroxyalkanoate (PHA) Volume (Thousand Tons), 2023 - 2030
- Figure-21: Material Type - Starch Blends Market (Million US$), 2018 - 2022
- Figure-22: Material Type - Forecast for Starch Blends Market (Million US$), 2023 - 2030
- Figure-23: Material Type - Starch Blends Volume (Thousand Tons), 2018 - 2022
- Figure-24: Material Type - Forecast for Starch Blends Volume (Thousand Tons), 2023 - 2030
- Figure-25: Material Type - Others Market (Million US$), 2018 - 2022
- Figure-26: Material Type - Forecast for Others Market (Million US$), 2023 - 2030
- Figure-27: Material Type - Others Volume (Thousand Tons), 2018 - 2022
- Figure-28: Material Type - Forecast for Others Volume (Thousand Tons), 2023 - 2030
- Figure-29: Applications - Packaging Market (Million US$), 2018 - 2022
- Figure-30: Applications - Forecast for Packaging Market (Million US$), 2023 - 2030
- Figure-31: Applications - Agriculture Market (Million US$), 2018 - 2022
- Figure-32: Applications - Forecast for Agriculture Market (Million US$), 2023 - 2030
- Figure-33: Applications - Consumer Goods Market (Million US$), 2018 - 2022
- Figure-34: Applications - Forecast for Consumer Goods Market (Million US$), 2023 - 2030
- Figure-35: Applications - Others Market (Million US$), 2018 - 2022
- Figure-36: Applications - Forecast for Others Market (Million US$), 2023 - 2030
- Figure-37: United States - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-38: United States - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-39: Canada - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-40: Canada - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-41: Argentina - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-42: Argentina - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-43: Brazil - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-44: Brazil - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-45: Mexico - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-46: Mexico - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-47: Colombia - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-48: Colombia - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-49: Germany - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-50: Germany - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-51: United Kingdom - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-52: United Kingdom - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-53: France - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-54: France - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-55: Italy - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-56: Italy - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-57: Netherlands - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-58: Netherlands - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-59: Spain - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-60: Spain - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-61: China - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-62: China - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-63: South Korea - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-64: South Korea - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-65: Japan - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-66: Japan - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-67: India - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-68: India - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-69: Indonesia - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-70: Indonesia - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-71: Malaysia - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-72: Malaysia - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-73: Australia - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-74: Australia - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-75: Saudi Arabia - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-76: Saudi Arabia - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-77: UAE - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-78: UAE - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-79: Israel - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-80: Israel - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-81: South Africa - Biodegradable Plastic Market (Million US$), 2018 - 2022
- Figure-82: South Africa - Forecast for Biodegradable Plastic Market (Million US$), 2023 - 2030
- Figure-83: Total Corbion (Netherlands) - Global Revenue (Million US$), 2018 - 2022
- Figure-84: Total Corbion (Netherlands) - Forecast for Global Revenue (Million US$), 2023 - 2030
- Figure-85: Mitsubishi Chemical Holding Corporation (Japan) - Global Revenue (Billion US$), 2018 - 2022
- Figure-86: Mitsubishi Chemical Holding Corporation (Japan) - Forecast for Global Revenue (Billion US$), 2023 - 2030
- Figure-87: Toray Industries (Japan) - Global Revenue (Billion US$), 2018 - 2022
- Figure-88: Toray Industries (Japan) - Forecast for Global Revenue (Billion US$), 2023 - 2030
- Figure-89: BASF SE - Global Revenue (Million US$), 2018 - 2022
- Figure-90: BASF SE - Forecast for Global Revenue (Million US$), 2023 - 2030
- Figure-91: Green Dot Bioplastics - Global Revenue (Million US$), 2018 - 2022
- Figure-92: Green Dot Bioplastics - Forecast for Global Revenue (Million US$), 2023 - 2030
- Figure-93: Amcor Limited - Global Revenue (Billion US$), 2018 - 2022
- Figure-94: Amcor Limited - Forecast for Global Revenue (Billion US$), 2023 - 2030
List of Tables
- Table-01: Global - Biodegradable Plastic Market Share by Material Type (Percent), 2018 - 2022
- Table-02: Global - Forecast for Biodegradable Plastic Market Share by Material Type (Percent), 2023 - 2030
- Table-03: Global - Biodegradable Plastic Market Share by Application (Percent), 2018 - 2022
- Table-04: Global - Forecast for Biodegradable Plastic Market Share by Application (Percent), 2023 - 2030
- Table-05: Global - Biodegradable Plastic Market Share by Countries (Percent), 2018 - 2022
- Table-06: Global - Forecast for Biodegradable Plastic Market Share by Countries (Percent), 2023 - 2030
- Table-07: Global - Biodegradable Plastic Volume Share by Material Type (Percent), 2018 - 2022
- Table-08: Global - Forecast for Biodegradable Plastic Volume Share by Material Type (Percent), 2023 - 2030
