Global Biodegradable Plastic
Market Report
2025
As per Cognitive Market Research's latest published report, the Global Biodegradable Plastic market size was $4.71 Billion in 2022 and it is forecasted to reach $12.85 Billion by 2030. Biodegradable Plastic Industry's Compound Annual Growth Rate will be 14.7% from 2023 to 2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Biodegradable Plastic market size was $4.71 Billion in 2022 and it is forecasted to reach $12.85 Billion by 2030. Biodegradable Plastic Industry's Compound Annual Growth Rate will be 14.7% from 2023 to 2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Biodegradable Plastic Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 10.4% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Biodegradable Plastic industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Biodegradable Plastic Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Plastics that can be broken down by living organisms, typically microorganisms, into carbon dioxide, water, and biomass are known as biodegradable plastics. Biodegradable plastics are frequently made from petrochemicals, microorganisms, renewable raw materials, or mixtures of all three. Some of these plastics are entirely petroleum-based, and not all bioplastics are biodegradable. Due to its environmental advantages over conventional plastics, which are difficult to dispute, biodegradable plastics are thought to be more environmentally benign. This sort of plastic is clearly a better option to reduce environmental pollution, but it still has drawbacks.
The major factors behind the growth of the biodegradable market are rising environmental concerns about plastic usage, rising consumer demand for environmentally friendly products, and government initiatives to reduce plastic usage. Floating plastic waste that can last hundreds of years in water can be used by invasive animals to move and damage habitats. The aforementioned cause is causing the market to grow.
Increasing environmental product development research and development efforts can open up profitable market opportunities. The market's expansion may be hampered by the high cost of biodegradable plastics, though.
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Chemical and materials companies are facing some challenges including stringent rules & regulation, supply chain disruption along with raw material price volatility. Thus, some of the key players are adopting new technologies to enhance their product portfolio. Now days digital technologies play an important role in this sector because it improves efficiency, operations and productivity of the plant. This study helps you to understand the competitor’s revenue generation, key strategies, recent development coupled with its S.W.O.T analysis.
Top Companies Market Share in Biodegradable Plastic Industry: (In no particular order of Rank)
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According to a CMR study, Europe is the region that contributes most to the market for biodegradable plastic because of the region's strict laws and regulations governing the use of plastic, increased public awareness of plastic waste, and growing demand for bioplastics. Yet, the second-largest market for biodegradable plastic is thought to be in APAC. The market in this region is expanding as a result of the substantial presence of key industry players, expanding technical improvements, and rising research and development efforts for plastic alternatives.
The current report Scope analyzes Biodegradable Plastic Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Biodegradable Plastic Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Biodegradable Plastic Industry growth. Biodegradable Plastic market has been segmented with the help of its Type, Application , and others. Biodegradable Plastic market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on type, the market is segmented into, Polylactic Acid (PLA), Starch-based, Polyhydroxyalkanoate (PHA), Polybutylene Succinate (PBS), and others. Starch-based biodegradable plastic holds the largest market share, owing to its low toxicity, and its versatile behavior.
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The market is divided into textiles, building & construction, packaging, consumer goods, agriculture & horticulture, and others based on applications. Of all the applications, the packaging sector is growing at the fastest rate. Biodegradable plastic is being employed in a variety of food packaging applications and has a promising functionality, which is boosting the market's expansion.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Biodegradable Plastic Market is witnessing significant growth in the near future.
In 2023, the Polyhydroxyalkanoate (PHA) segment accounted for noticeable share of global Biodegradable Plastic Market and is projected to experience significant growth in the near future.
The Textiles segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies BASF, Kuraray and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Polyhydroxyalkanoate (PHA), Polylactic Acid (PLA), Starch-based, Polybutylene Succinate (PBS), Others |
Application | Textiles, Consumer Goods, Building & Construction, Agriculture & Horticulture, Packaging, Others |
List of Competitors | BASF, Mitsubishi Chemical, Kuraray, Corbion, Metabolix, NatureWorks, Biome Technologies, Bio On SpA, Meredian Holdings Group, Tianan Biologic Materials |
This chapter will help you gain GLOBAL Market Analysis of Biodegradable Plastic. Further deep in this chapter, you will be able to review Global Biodegradable Plastic Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Biodegradable Plastic. Further deep in this chapter, you will be able to review North America Biodegradable Plastic Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Biodegradable Plastic. Further deep in this chapter, you will be able to review Europe Biodegradable Plastic Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Biodegradable Plastic. Further deep in this chapter, you will be able to review Asia Pacific Biodegradable Plastic Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Biodegradable Plastic. Further deep in this chapter, you will be able to review South America Biodegradable Plastic Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Biodegradable Plastic. Further deep in this chapter, you will be able to review Middle East and Africa Biodegradable Plastic Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Biodegradable Plastic. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Biodegradable Plastic market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Polyhydroxyalkanoate (PHA) have a significant impact on Biodegradable Plastic market? |
What are the key factors affecting the Polyhydroxyalkanoate (PHA) and Polylactic Acid (PLA) of Biodegradable Plastic Market? |
What is the CAGR/Growth Rate of Textiles during the forecast period? |
By type, which segment accounted for largest share of the global Biodegradable Plastic Market? |
Which region is expected to dominate the global Biodegradable Plastic Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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