Biodegradable Plastics Market Size, Share & Trends Analysis Report By Types (Polylactic Acid (PLA), Starch Blends, Polyhydroxyalkanoates (PHA), Biodegradable Polyesters [Polycaprolactone (PCL), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS)]), By End-user, By Region, And Segment Forecasts, 2023-2031

Report ID : 1187 | Published : 2023-10-27 | Pages: 180 | Format: PDF/EXCEL

The Global Biodegradable Plastics Market Size is valued at 8850.0 Million in 2022 and is predicted to reach 40974.7 Million by the year 2031 at a 18.60% CAGR during the forecast period for 2023-2031.

Biodegradable Plastics Market

Biodegradable plastics are a type of plastic material that can break down, decompose, and return to natural elements relatively quickly through the action of biological processes, such as the activities of microorganisms like bacteria, fungi, and other natural environmental factors. Unlike traditional plastics, which can persist in the environment for long tenure without breaking down, biodegradable plastics are designed to degrade more rapidly, reducing their impact on the environment.

Developing waste dumps and landfills has contributed to a severe environmental catastrophe with several detrimental effects on ecosystem flora and animals. The usage of biodegradable plastics is encouraged by rising consumer awareness of the consequences. As a result, the biodegradable plastics market is driven by a shift in customer preference toward utilizing ecologically friendly plastic products. Mulching films and plant pots are made with biopolymers for farming and agriculture. This is one of the primary drivers of market expansion, along with the rising use of agricultural products in the expanding (F&B) industry.

Market competition in the Biodegradable Plastics industry is intense, with various companies vying to lead in sustainable solutions. Established players and startups are innovating to develop high-performance biodegradable materials that meet diverse application needs. Differentiated product offerings, cost-effective production methods, and strategic partnerships are key factors driving competitive advantage.

An increase in biodegradable plastics market revenue is anticipated during the forecast period due to the potential role that biodegradable plastics might play in developing a fully sustainable and circular economy. Compared to traditional plastics, biodegradable plastics have a lower carbon footprint and less intensive resource depletion than those made from fossil fuels. This is because renewable resources are used instead of fossil fuels.

The market is likely to increase due to rising federal programs, such as supporting legislation and subsidies to promote susainable alternatives to plastics made of fossil fuels. Producers of biodegradable plastics can provide their goods at lower prices thanks to the favorable regulations and subsidies provided by governments of various nations. 

Recent Developments:

  • In June 2023, BASF announced the official opening of a Biodegradation and Microplastics Center of Excellence at the company’s Michigan site for helping regional customers in meeting their sustainability and circularity objectives. Focus areas will include understanding disintegration performance of compostable materials, biodegradation performance of novel chemistries, and gathering novel insights on microplastics.
  • In December 2022, Futerro announced its plans to construct the first-ever vertically integrated biorefinery in Europe at Normandy, France, for the production and recycling of PLA. The biorefinery aims to include a PLA conversion unit, a lactic acid unit for transforming raw materials sourced from agriculture, and a unit for the molecular recycling of PLA.

Competitive Landscape

Some of the biodegradable plastics market players are:

  • ABMcomposite
  • Agrana
  • Akro-Plastic
  • ALPLA Werke Alwin Lehner GmbH & Co KG
  • Amcor limited
  • Anellotech, Inc.
  • AVA Biochem
  • Avani Eco
  • BASF (Germany)
  • Biobent Polymers
  • Biome Bioplastics (UK)
  • Biome Technologies
  • Bio-On
  • BIOplastics
  • Biosphere Plastic LLP
  • Braskem
  • Carbiolice
  • Cardia Bioplastics
  • Danimer Scientific
  • Eastman Chemical Company
  • Eranova
  • Fkur Kunstsoff (Germany)
  • FlexSea
  • Floreon Transforming
  • Futerro
  • Genecis Bioindustries
  • Green Dot Bioplastics
  • Ingevity
  • Kruger Inc.
  • Mitsubishi Chemical Holding Corporation (Japan)
  • Mondi Group
  • NatureWorks (US)
  • NEC Corporation
  • Newlight Technologies
  • Novamont (Italy)
  • Polymateria
  • Plantic Technologies (Australia)
  • Plastic Suppliers Inc.
  • PTT MCC Biochem
  • Sphere
  • Succinity
  • Synbra Technology
  • TerraVerdae Bioworks Inc
  • Tianan Biologic Materials
  • Toray Industries (Japan)
  • Total Corbion (Netherlands)
  • Venvirotech
  • Yield10 Bioscience, Inc.
  • Zhejiang Hisun Biomaterials

Market Segmentation:

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].

Based On Type, The PLA Segment Is A Major Contributor To The Biodegradable Plastics Market

The PLA category is expected to hold the highest share of the global market in 2021 due to its expanding use across various terminal industries, including goods and services and packaging. Significant growth rates and higher PLA manufacturing investments are predicted for this market in the United States and Europe. Because it is made of bio-based ingredients, PLA is marketed as an eco-friendly material. It is less costly and has various attractive mechanical properties compared to other biopolymers. The demand for PLA is rising because it degrades quickly without releasing dangerous chemicals into the ground and water supply. In addition to making transparent and transparent hard plastics for containers, bottles, and durable products, PLA can also be used to make fibers and films for various purposes.

The Packaging Segment Witnessed Growth At A Rapid Rate

The packaging segment is projected to grow rapidly in the global biodegradable plastics market. The usage of biodegradable polymers in the packaging industry for the manufacturing of water and juice bottles, bakery goods, processed food, dry snacks & sweets, and meat trays is growing as consumer preferences for environment-conscious products shift. In the packaging industry, the need for biodegradable plastic is rising due to strict laws surrounding plastic and plastic products. Both rigid and flexible packaging uses biodegradable polymers. Over 500,000 tons of bioplastics are used in flexible packaging. To create more sustainable packaging solutions and reduce their carbon.

Europe Biodegradable Plastics Market Holds A Significant Regional Revenue Share

Europe region's biodegradable plastics market is expected to witness the highest market share in revenue soon. The rising use of biodegradable plastics in a broad range of industries, notably food and beverage, personal care, packaging, automotive, and others, can be ascribed to the region's strong environmental focus. The region's chemical sector also makes biodegradable polymers to create environmentally friendly and long-term solutions. The region's target market is expected to increase due to rising demand for bio-based components across sectors and the growing use of biodegradable polymers in manufacturing intermediates chemicals.

In addition, due to escalating environmental concerns, fast industrialization, social programs, and rising financing in numerous industries, Asia Pacific is anticipated to grow quickly in the global biodegradable plastics market. Due to the adoption of health promotion and the resulting pressure on customers to choose fresh products, plant-based food items are becoming increasingly popular in the Asia Pacific area. This should increase the demand for plant-based foods. Due to increased consumer health worries about animal-based protein sources, ethical concerns, and environmental misgivings, plant-based meat products are also anticipated to see a rise in popularity in the upcoming years.

Biodegradable Plastics Market Report Scope:

Report Attribute


Market size value in 2022

USD 7.08 Bn

Revenue forecast in 2031

USD 31.53 Bn

Growth rate CAGR

CAGR of 18.2 % from 2023 to 2031

Quantitative units

Representation of revenue in US$ Billion, Volume (KT) and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year


Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Types, End-Users

Regional scope

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

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

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.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

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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. Market Segmentation 1: By Types Estimates & Trend Analysis
5.1. By Types & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (KT) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Types:

5.2.1. PLA
5.2.2. Starch Blends
5.2.3. PHA
5.2.4. Biodegradable Polyesters PCL PBAT PBS

5.2.5. Other Types Regenerative Cellulose Cellulose Derivative

Chapter 6. Market Segmentation 2: By End-Users Estimates & Trend Analysis
6.1. By End-Users & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (KT) & Forecasts and Trend Analyses, 2019 to 2031 for the following By End-Users:

6.2.1. Packaging Rigid Packaging Flexible Packaging

6.2.2. Consumer Goods Electrical Appliances Domestic Appliances Others

6.2.3. Textiles Medical & Healthcare Textile Personal care, clothes and other textiles

6.2.4. Agriculture & Horticulture Tapes & Mulch Films 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$ Million) & Volume (KT) estimates and forecasts By Types, 2019-2031
7.1.2. North America Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) estimates and forecasts By End-Users, 2019-2031
7.1.3. North America Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) estimates and forecasts by country, 2019-2031

7.2. Europe

7.2.1. Europe Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) By Types, 2019-2031
7.2.2. Europe Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) By End-Users, 2019-2031
7.2.3. Europe Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) by country, 2019-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) By Types, 2019-2031
7.3.2. Asia Pacific Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) By End-Users, 2019-2031
7.3.3. Asia Pacific Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) by country, 2019-2031

7.4. Latin America

7.4.1. Latin America Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) By Types, 2019-2031
7.4.2. Latin America Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) By End-Users, 2019-2031
7.4.3. Latin America Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) by country, 2019-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) By Types, 2019-2031
7.5.2. Middle East & Africa Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) By End-Users, 2019-2031
7.5.3. Middle East & Africa Biodegradable Plastics Market Revenue (US$ Million) & Volume (KT) by country, 2019-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. ABMcomposite
8.2.2. Agrana
8.2.3. Akro-Plastic
8.2.4. ALPLA Werke Alwin Lehner GmbH & Co KG
8.2.5. Amcor limited
8.2.6. Anellotech, Inc.
8.2.7. AVA Biochem
8.2.8. Avani Eco
8.2.9. BASF (Germany)
8.2.10. Biobent Polymers
8.2.11. Biome Bioplastics (UK)
8.2.12. Biome Technologies
8.2.13. Bio-On
8.2.14. BIOplastics
8.2.15. Biosphere Plastic LLP
8.2.16. Braskem
8.2.17. Carbiolice
8.2.18. Cardia Bioplastics
8.2.19. Danimer Scientific
8.2.20. Eastman Chemical Company
8.2.21. Eranova
8.2.22. Fkur Kunstsoff (Germany)
8.2.23. FlexSea
8.2.24. Floreon Transforming
8.2.25. Futerro
8.2.26. Genecis Bioindustries
8.2.27. Green Dot Bioplastics
8.2.28. Ingevity
8.2.29. Kruger Inc.
8.2.30. Mitsubishi Chemical Holding Corporation (Japan)
8.2.31. Mondi Group
8.2.32. NatureWorks (US)
8.2.33. NEC Corporation
8.2.34. Newlight Technologies
8.2.35. Novamont (Italy)
8.2.36. Polymateria
8.2.37. Plantic Technologies (Australia)
8.2.38. Plastic Suppliers Inc.
8.2.39. PTT MCC Biochem
8.2.40. Sphere
8.2.41. Succinity
8.2.42. Synbra Technology
8.2.43. TECNARO GmbH
8.2.44. TerraVerdae Bioworks Inc
8.2.45. Tianan Biologic Materials
8.2.46. Toray Industries (Japan)
8.2.47. Total Corbion (Netherlands)
8.2.48. Venvirotech
8.2.49. Yield10 Bioscience, Inc.
8.2.50. Zhejiang Hisun Biomaterials
8.2.51. Other Prominent Players

Segmentation of Biodegradable Plastics Market-

Biodegradable Plastics Market Based On The Type:

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

Biodegradable Plastics Market

Biodegradable Plastics Market Based On The End-Use Industry:

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

Biodegradable Plastics Market By Region-

North America-

  • The US
  • Canada
  • Mexico


  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe


  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

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

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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Frequently Asked Questions

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Biodegradable Plastics Market expected to grow at a 18.60% CAGR during the forecast period for 2023-2031

BASF (Germany), NatureWorks (US), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi, Chemical Holding Corporation (Jap

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