Biodegradable Plastics Market By Type (Starch Based, PLA, PHA, PBAT and PBS), By End Users (Packaging, Agriculture, Consumer Goods and others) and By Geography – Global Driver, Restraints, Opportunities, Trends, and Forecast to 2028

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Biodegradable plastic is a natural and plant-based plastic with no hazardous impacts on the environment. It breaks down naturally in base compounds in a reasonable amount of time. Thus, plastic, referred as biodegradable, is made of molecule which can degrades naturally by the action of micro-organisms. Few known forms of biodegradable plastic are, Polybutylene adipate terephthalate (PBAT), Polylactic Acid) (PLA), Polyhydroxyalkanoates (PHA), Polybutylene Succinate (PBS) and starch blends. The governments and regulatory bodies in various regions have implemented bans or restrictions on single-use plastics and are promoting the use of biodegradable alternatives such as biodegradable plastics to mitigate plastic waste. In addition, the consumer preferences are shifting towards eco-friendly products. People are actively seeking products made from renewable resources that have a lower environmental impact. Thus, the rising awareness about the eco-friendly products is also driving the biodegradable plastics market. On the other hand, lack of infrastructure for biodegradable plastic disposal and minimum availability of biodegradable plastics are impeding the market growth. The Biodegradable Plastics Market is likely to grow at a rate of 13.1% CAGR by 2028.

Biodegradable Plastics Market based on Types:

Starch-based
PLA
PBS
PBAT
PHA
Others

Biodegradable Plastics Market based on End Users:

Packaging
Agriculture
Consumer Goods
Others

Biodegradable Plastics Market based on Geography:

North America
Europe
Asia Pacific
Rest of the World

On the basis of type, the global biodegradable plastics market is segmented into Starch-based, PLA, PBS, PBAT, PHA and Others. An environmentally acceptable alternative for old plastics is polylactic acid, commonly known as polylactide (PLA), a renewable polymer made from plant materials such as sugarcane or cornstarch. For different types of uses, such as food containers, packaging, disposable cutlery and 3D printing, its biodegradability and less carbon footprint make it attractive. Enterprises and consumers similarly favor PLA owing to its flexibility and environmentally acceptable qualities. The market demand for PLA products is rising as sustainability becomes a priority and governments and industries emphasize on minimizing plastic waste.

On the basis of end users, the biodegradable plastics market is divided into Packaging, Agriculture, Consumer Goods and Others. Packaging is a major driver for biodegradable plastics, meeting the surging demand for sustainable substitutes. These plastics provide natural degradation and waste reduction, addressing issues about conventional plastic’s environmental impact. Biodegradable plastics have applications in bags, food containers, trays, wraps and bottles, delivering comparable functionality and product protection. Consumer preference for environment-friendly options results in adoption of biodegradable packaging, improving brand reputation and customer loyalty. Government restrictions fuel the environment -friendly industry, while material and manufacturing advancements enhance biodegradable packaging’s performance, such as barrier characteristics and compostability.

On the basis of geography, the European Biodegradable Plastics Market share is the maximum globally and is accelerated by the existence of a huge number of companies incurred in the production of biodegradable plastics, such as Bio-On and FKuR. The European Union has implemented various policies intended at minimizing plastic waste and encouraging the use of biodegradable plastics, which is boosting growth in the market.

Moreover, the businesses and industries around the globe are focusing on circular economy principles, aiming to reduce waste and promote recycling and composting which is key trend boosting the demand for Biodegradable plastics. Since, biodegradable plastics fit into this framework by offering materials that can be naturally degraded and returned to the environment.

This report provides the few notable vendors of the market Tetra Pak, Bioplastics International, Plantic Technologies Ltd., Mitsubishi Chemical Group, Kruger Inc., Amcor, BASF, Biome Bioplastics Limited, Toray Industries, Inc. and NOVAMONT S.P.A.

Henceforth, the biodegradable plastics market has gained attention in recent years due to increased environmental consciousness and regulatory efforts to reduce plastic pollution. However, it’s important to note that while biodegradable plastics offer advantages over traditional plastics, they are not a silver bullet and need to be managed carefully to ensure they fulfill their intended environmental benefits.

This report offers an exclusive analysis of the present and future market trends and dynamics in the market.
Geographically, the market report gives the analysis of the regions such as North America, Europe, Asia Pacific and rest of the world.
This report includes the comprehensive quantitative analysis of the present market and projections which helps to identify the emerging market opportunities.
This report also includes the significant players of market and their dynamic strategies, expansions, mergers and acquisitions and new product launches.

Additional information

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Table Of Content

Executive Summary
Industry Outlook
- Industry Overview
- Industry Trends
Market Snapshot
- Market Definition
- Market Outlook
  - Porter Five Forces
- Related Markets
Market characteristics
- Market Overview
- Market Segmentation
- Market Dynamics
  - Drivers
  - Restraints
  - Opportunities
- DRO – Impact Analysis
Type: Market Size & Analysis
- Overview
- Starch-based
- PLA
- PBS
- PBAT
- PHA
- Others
End Users: Market Size & Analysis
- Overview
- Packaging
- Agriculture
- Consumer Goods
- Others
Geography: Market Size & Analysis
- Overview
- North America
- Europe
- Asia Pacific
- Rest of the World
Competitive Landscape
- Competitor Comparison Analysis
- Market Developments
  - Mergers and Acquisitions, Legal, Awards, Partnerships
  - Product Launches and execution
Vendor Profiles
- Tetra Pak
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Bioplastics International
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Kruger Inc.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Amcor
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- BASF
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Mitsubishi Chemical Group
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Biome Bioplastics Limited
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Plantic Technologies Ltd.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- Toray Industries, Inc.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy
- NOVAMONT S.P.A.
  - Overview
  - Financial Overview
  - Product Offerings
  - Developments
  - Business Strategy

Analyst Opinion
Annexure
- Report Scope
- Market Definitions
- Research Methodology
  - Data Collation and In-house Estimation
  - Market Triangulation
  - Forecasting
- Report Assumptions
- Declarations
- Stakeholders
- Abbreviations

Methodology

Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

Data Collation (Primary & Secondary)
In-house Estimation (Based on proprietary data bases and Models)
Market Triangulation
Forecasting

List of Tables

TABLE 1. GLOBAL BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 2. GLOBAL BIODEGRADABLE PLASTICS MARKET VALUE FOR STARCH-BASED, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 3. GLOBAL BIODEGRADABLE PLASTICS MARKET VALUE FOR PLA, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 4. GLOBAL BIODEGRADABLE PLASTICS MARKET VALUE FOR PBS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 5. GLOBAL BIODEGRADABLE PLASTICS MARKET VALUE FOR PBAT, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 6. GLOBAL BIODEGRADABLE PLASTICS MARKET VALUE FOR PHA, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 7. GLOBAL BIODEGRADABLE PLASTICS MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 8. GLOBAL BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 9. GLOBAL BIODEGRADABLE PLASTICS MARKET VALUE FOR PACKAGING, 2022-2028 (USD BILLION)

TABLE 10. GLOBAL BIODEGRADABLE PLASTICS MARKET VALUE FOR AGRICULTURE, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 11. GLOBAL BIODEGRADABLE PLASTICS MARKET VALUE FOR CONSUMER GOODS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 12. GLOBAL BIODEGRADABLE PLASTICS MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2022-2028 (USD BILLION)

TABLE 13. NORTH AMERICA BIODEGRADABLE PLASTICS MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)

TABLE 14. NORTH AMERICA BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 15. NORTH AMERICA BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 16. U.S BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 17. U.S BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 18. CANADA BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 19. CANADA BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 20. EUROPE BIODEGRADABLE PLASTICS MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)

TABLE 21. EUROPE BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 22. EUROPE BIODEGRADABLE PLASTICS MARKET VALUE, END USERS, 2022-2028 (USD BILLION)

TABLE 23. GERMANY BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 24. GERMANY BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 25. U.K BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 26. U.K BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 27. FRANCE BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 28. FRANCE BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 29. ITALY BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 30. ITALY BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 31. SPAIN BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 32. SPAIN BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 33. ROE BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 34. ROE BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 35. ASIA PACIFC BIODEGRADABLE PLASTICS MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)

TABLE 36. ASIA PACIFC BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 37. ASIA PACIFC BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 38. CHINA BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 39. CHINA BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 40. INDIA BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 41. INDIA BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 42. JAPAN BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 43. JAPAN BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 44. REST OF APAC BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 45. REST OF APAC BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 46. REST OF WORLD BIODEGRADABLE PLASTICS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION)

TABLE 47. REST OF WORLD BIODEGRADABLE PLASTICS MARKET VALUE, BY END USERS, 2022-2028 (USD BILLION)

TABLE 48. TETRA PAK: FINANCIALS

TABLE 49. TETRA PAK: PRODUCTS & SERVICES

TABLE 50. TETRA PAK: RECENT DEVELOPMENTS

TABLE 51. BIOPLASTICS INTERNATIONAL: FINANCIALS

TABLE 52. BIOPLASTICS INTERNATIONAL: PRODUCTS & SERVICES

TABLE 53. BIOPLASTICS INTERNATIONAL: RECENT DEVELOPMENTS

TABLE 54. KRUGER INC.: FINANCIALS

TABLE 55. KRUGER INC.: PRODUCTS & SERVICES

TABLE 56. KRUGER INC.: RECENT DEVELOPMENTS

TABLE 57. AMCOR: FINANCIALS

TABLE 58. AMCOR: PRODUCTS & SERVICES

TABLE 59. AMCOR: RECENT DEVELOPMENTS

TABLE 60. BASF: FINANCIALS

TABLE 61. BASF: PRODUCTS & SERVICES

TABLE 62. BASF: RECENT DEVELOPMENTS

TABLE 63. MITSUBISHI CHEMICAL GROUP: FINANCIALS

TABLE 64. MITSUBISHI CHEMICAL GROUP: PRODUCTS & SERVICES

TABLE 65. MITSUBISHI CHEMICAL GROUP: RECENT DEVELOPMENTS

TABLE 66. BIOME BIOPLASTICS LIMITED: FINANCIALS

TABLE 67. BIOME BIOPLASTICS LIMITED: PRODUCTS & SERVICES

TABLE 68. BIOME BIOPLASTICS LIMITED: RECENT DEVELOPMENTS

TABLE 69. PLANTIC TECHNOLOGIES LTD.: FINANCIALS

TABLE 70. PLANTIC TECHNOLOGIES LTD.: PRODUCTS & SERVICES

TABLE 71. PLANTIC TECHNOLOGIES LTD.: RECENT DEVELOPMENTS

TABLE 72. TORAY INDUSTRIES, INC.: FINANCIALS

TABLE 73. TORAY INDUSTRIES, INC.: PRODUCTS & SERVICES

TABLE 74. TORAY INDUSTRIES, INC.: RECENT DEVELOPMENTS

TABLE 75. NOVAMONT S.P.A.: FINANCIALS

TABLE 76. NOVAMONT S.P.A.: PRODUCTS & SERVICES

TABLE 77. NOVAMONT S.P.A.: RECENT DEVELOPMENTS