Global Biodegradable Plastics Market

Report ID : 1187 | Published : 2021-09-27 | Pages: | Format:

Biodegradable plastics can be degraded by microorganisms present in the environment in a specific medium and under certain conditions. They can be easily disposed of through waste management processes and have various innovative applications in the food and agriculture industries. Therefore, biodegradable plastic is the best green alternative to conventional plastic materials.

The Global Biodegradable Plastics Market is valued at US$ 7.17 Bn in 2021, and it is expected to reach US$ 65.92 Bn by 2030, with a CAGR of 28.0% during a forecast period of 2021-2030. By region, Europe dominated the global market with a share of 42% in 2021. The rising demand for biodegradable plastics from various sectors, rising global plastic waste, strict regulations by the government on plastic use, growing consumer preference toward eco-friendly plastic, and the increasing consumer awareness about environmental hazards caused due to use of plastics are some of the key factors driving the growth of the biodegradable plastics market. In addition, the use of biodegradable plastics in packaging applications is also expected to drive this market due to the changing lifestyle patterns and the increasing online delivery orders. Nowadays, biodegradable plastics are predominantly used in food packaging and agricultural applications (e. g., mulch films) to minimize the overall environmental impact of plastics.

On the other side, the market growth can be hampered due to the high cost of biodegradable polymers over conventional plastics, lack of standards and certification systems for commercialization of biodegradable plastics, and the lack of universal labeling and naming guidelines for biodegradable plastics.  Moreover, the limited knowledge about the disposal of biodegradable plastics restricts the adoption of biodegradable plastics and, thereby, the market growth.

The biodegradable plastics market is segmented on the basis of types, end-users, and region. The types segment comprises polylactic acid (PLA), starch blends, polyhydroxyalkanoates (PHA), biodegradable polyesters [polycaprolactone (PCL), polybutylene adipate terephthalate (PBAT), Polybutylene succinate (PBS)], and other types [regenerative cellulose, cellulose derivative]. The PLA segment is anticipated to hold the largest market share during the forecast period due to its several attractive mechanical properties and low cost.

By end-users, the market is divided into packaging [rigid packaging, flexible packaging], consumer goods [electrical appliances, domestic appliances, and others], textiles [medical & healthcare textile, personal care, clothes & other textiles], agriculture & horticulture [tapes & mulch films, and others]. The packaging segment dominated the biodegradable plastics market in 2020 due to the growing demand for packaging in the food, beverages, and pharmaceutical sectors. Mulch films also have high demand in the agriculture industry. Based on the region, the market is studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Europe and Asia-Pacific are two significant markets for biodegradable plastics. Europe region is expected to lead the biodegradable plastics market over the forecast perid owing to the increasing awareness among people regarding the harmful effects of plastic, the fast implementation of plastic restriction/ban policies, and the presence of advanced standards and certification systems to check the biodegradability of plastic materials in this region.

Some of the key players operating in the biodegradable plastics market are BASF (Germany), NatureWorks (US), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi, Chemical Holding Corporation (Japan), Toray Industries (Japan), Plantic Technologies (Australia), Danimer Scientific (US), Fkur Kunstsoff (Germany), Amcor limited (Switzerland), Mondi Group (UK), Kruger Inc. (Canada), and others.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Biodegradable Plastics Market Snapshot

Chapter 4. Global Biodegradable Plastics Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Biodegradable Plastics Market Segmentation 1: By Types Estimates & Trend Analysis

5.1. By Types & Market Share, 2020 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Types:

5.2.1. PLA

5.2.2. Starch Blends

5.2.3. PHA

5.2.4. Biodegradable Polyesters

5.2.4.1.  PCL

5.2.4.2.  PBAT

5.2.4.3.  PBS

5.2.5. Other Types

5.2.5.1.  Regenrative Cellulose

5.2.5.2.  Cellulose Derivative

Chapter 6. Biodegradable Plastics Market Segmentation 2: By End-Users Estimates & Trend Analysis

6.1. By End-Users & Market Share, 2020 & 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By End-Users:

6.2.1. Packaging

6.2.1.1.  Rigid Packaging

6.2.1.2.  Flexible Packaging

6.2.2. Consumer Goods

6.2.2.1.  Electrical Appliances

6.2.2.2.  Domestic Appliances

6.2.2.3.  Others

6.2.3. Textiles

6.2.3.1.  Medical & Healthcare Textile

6.2.3.2.  Personal care, clothes and other textiles

6.2.4. Agriculture & Horticulture

6.2.4.1.  Tapes & Mulch Films

6.2.4.2.  Others

Chapter 7. Biodegradable Plastics Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Biodegradable Plastics Market revenue (US$ Billion) estimates and forecasts By Types, 2019-2030

7.1.2. North America Biodegradable Plastics Market revenue (US$ Billion) estimates and forecasts By End-Users, 2019-2030

7.1.3. North America Biodegradable Plastics Market revenue (US$ Billion) estimates and forecasts by country, 2019-2030

7.2. Europe

7.2.1. Europe Biodegradable Plastics Market revenue (US$ Billion) By Types, 2019-2030

7.2.2. Europe Biodegradable Plastics Market revenue (US$ Billion) By End-Users, 2019-2030

7.2.3. Europe Biodegradable Plastics Market revenue (US$ Billion) by country, 2019-2030

7.3. Asia Pacific

7.3.1. Asia Pacific Biodegradable Plastics Market revenue (US$ Billion) By Types, 2019-2030

7.3.2. Asia Pacific Biodegradable Plastics Market revenue (US$ Billion) By End-Users, 2019-2030

7.3.3. Asia Pacific Biodegradable Plastics Market revenue (US$ Billion) by country, 2019-2030

7.4. Latin America

7.4.1. Latin America Biodegradable Plastics Market revenue (US$ Billion) By Types, 2019-2030

7.4.2. Latin America Biodegradable Plastics Market revenue (US$ Billion) By End-Users, 2019-2030

7.4.3. Latin America Biodegradable Plastics Market revenue (US$ Billion) by country, 2019-2030

7.5. Middle East & Africa

7.5.1. Middle East & Africa Biodegradable Plastics Market revenue (US$ Billion) By Types, 2019-2030

7.5.2. Middle East & Africa Biodegradable Plastics Market revenue (US$ Billion) By End-Users, 2019-2030

7.5.3. Middle East & Africa Biodegradable Plastics Market revenue (US$ Billion) by country, 2019-2030

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. BASF (Germany)

8.2.2. NatureWorks (US)

8.2.3. Total Corbion (Netherlands)

8.2.4. Novamont (Italy)

8.2.5. Biome Bioplastics (UK)

8.2.6. Mitsubishi Chemical Holding Corporation (Japan)

8.2.7. Toray Industries (Japan)

8.2.8. Plantic Technologies (Australia)

8.2.9. Danimer Scientific (US)

8.2.10. Fkur Kunstsoff (Germany).

8.2.11. Amcor limited

8.2.12. Mondi Group

8.2.13. Kruger Inc.

8.2.14. Other Prominent Players

Global Biodegradable Plastics Market, by Type, 2020-2030, (Value US$ Bn)

  • Polylactic acid (PLA)
  • Starch Blends
  • Polyhydroxyalkanoates (PHA)
  • Biodegradable Polyesters
    • Polycaprolactone (PCL)
    • Polybutylene adipate terephthalate (PBAT)
    • Polybutylene succinate (PBS)
  • Other Types
  • Regenerative Cellulose
  • Cellulose Derivative

Global Biodegradable Plastics Market, by End-Users, 2020-2030, (Value US$ Bn)

  • Packaging
    • Rigid Packaging
    • Flexible Packaging
  • Consumer Goods
    • Electrical Appliances
    • Domestic Appliances
    • Others
  • Textiles
    • Medical & Healthcare Textile
    • Personal care, clothes & other textiles
  • Agriculture & Horticulture
    • Tapes & Mulch Films
    • Others

Global Biodegradable Plastics Market, by Region, 2020-2030, (Value US$ Bn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

North America Biodegradable Plastics Market, by Country, 2020-2030, (Value US$ Bn)

  • U.S.
  • Canada

Europe Biodegradable Plastics Market, by Country, 2020-2030, (Value US$ Bn)

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific Biodegradable Plastics Market, by Country, 2020-2030, (Value US$ Bn)

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Biodegradable Plastics Market, by Country, 2020-2030, (Value US$ Bn)

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa Biodegradable Plastics Market, by Country, 2020-2030, (Value US$ Bn)

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Landscape

  • Company Overview
  • Financial Performance
  • Key Development

Latest Strategic Developments

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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