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Biodegradable Plastic Market
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Biodegradable Plastic Market

Home Chemicals And Materials Biodegradable Plastic Market

Biodegradable Plastic Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018–2028, Segmented By Type (PLA (Polylactic Acid), Starch-based, PBS (Polybutylene Succinate), PBAT (Polybutylene Adipate Terephthalate), PHA (Polyhydroxyalkanoates), Polycaprolactone, and Others); By Application (Packaging, Agriculture, Consumer Goods, and Others); By Region (North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA))

  • Published Date: October 2022
  • Report ID: BWC22421
  • Available Format: PDF
  • Page: 114

Report Overview

Rapidly increasing demand for biodegradable plastics to offset the dangerous accumulation of plastic waste across the countries, governments’ restrictions on plastic use, and rising consumer preference for eco-friendly plastic products and awareness of the environmental risks associated with plastic use are expected to drive global biodegradable plastic market growth at a robust rate during the forecast period between 2022 and 2028.

Global Biodegradable Plastic Market - Industry Trends & Forecast Report 2028

Global Biodegradable Plastic Market size was worth USD 6.17 billion in 2021 and is projected to reach USD 12.2 billion by 2028, exhibiting a CAGR of 10.4% during the forecast period (2022–2028). Rapid expansion of the market is due to major factors such as the rising demand for biodegradable plastics from a variety of industries, the rising amount of plastic waste generated globally, the government's strict regulations on the use of plastic, consumers' growing preference for eco-friendly plastic, and consumers' growing awareness of the environmental risks associated with the use of plastics. Additionally, this market is anticipated to be driven using biodegradable plastics in packaging due to changing lifestyle trends and an increase in online delivery orders. To combat this issue, governments all over the world are encouraging the use of biodegradable plastics and outlawing single-use plastics. Due to their eco-friendliness, consumers are also willing to pay more for biodegradable plastics. Collectively, the elements are giving the market a boost. To reduce the overall environmental impact of plastics, biodegradable plastics are now primarily used in food packaging and agricultural applications (such as mulch films).

Biodegradable Plastic Market

Biodegradable Plastic - Overview

Plastics that break down in the environment quickly are known as biodegradable plastics. Petroleum-based resources and renewable raw materials, including corn, wheat, bamboo, and sugarcane, are used to create biodegradable plastics. Microorganisms like fungi and bacteria break them down into water, biomass, and carbon dioxide (CO2). They are therefore used in a variety of ways, including flexible packaging materials for various food products and extruded, injection-molded in traditional machines. Global demand for biodegradable plastics is currently being fueled by the increasing focus on discouraging excessive use of disposable single-use plastics and their detrimental effects on the environment and human health.

Global Biodegradable Plastic Market Forecast and Trends

Growth Drivers

Consumers' preferences shifting in favor of biodegradable plastic

The market for biodegradable plastics is expected to grow because of rising efforts to reduce the use of conventional plastics and rising consumer awareness of eco-friendly plastic alternatives. Plastics made traditionally from petroleum degrade slowly over many years and end up in landfills. Biodegradable plastics degrade quickly and are reincorporated into the environment. Additionally, compared to conventional plastics, biodegradable plastics decompose more quickly. Compared to traditional plastics, which take about 1,000 years to degrade, biodegradable plastics degrade 60% faster and in as little as 180 days. Rising waste accumulations and landfills have become significant environmental risks and have several negative effects on the ecosystem's flora and fauna. The use of biodegradable plastics is being encouraged by growing consumer awareness of these effects (caused by using traditional plastics). As a result, the market for biodegradable plastics is being driven by a change in consumer preference toward the use of eco-friendly plastic products.

Innovative bioplastic products driving market growth

The global biodegradable plastics market is expanding because of new bioplastics innovations and encouraging government policies. In Japan, all rice ball offerings have been wrapped in bioplastic made from plants since July 2019. The use of certified bio-based and compostable biowaste plastic bags, on the other hand, has been encouraged in Germany since 2015. Consumers and businesses alike are taking notice of innovative bioplastic products like rice starch-based bioplastic containers with elevated levels of thermal resistance and mechanical strength. Food wrappers made from corn and shellfish byproducts are increasingly produced in the biodegradable plastics industry. Lego sets are gaining attention for using bioplastics made from sugarcane. All these factors are expected boost the further growth of global biodegradable plastic market during the forecast period.

Creation of new applications could provide more growth opportunities

Biodegradable plastic producers have significant growth opportunities in various end-use industries, such as electronics, automotive, and medical, thanks to favorable government regulations and a growing focus on eco-friendly plastics for green procurement policies. Biodegradable plastics converters are heavily investing in R&D activities for eco-friendly plastics in a variety of biomedical applications, such as screws, stitching materials, and implants. Biodegradable plastics like PLA, PCL, PGA, and bio-PBS are used in the production of bio-medical devices and equipment. Biodegradable plastics are also used in the automotive industry to reduce fuel consumption in tires made from starch-based raw materials. Bioplastics are also used to make electric equipment more efficient and cost-effective. During the forecast period, the packaging application is also expected to grow significantly.

Restraints

Higher price of biodegradable plastics than that of synthetic plastics

Biodegradable plastics' higher prices than conventional polymers stifle market growth in a variety of application segments. Biodegradable plastics typically have a manufacturing cost that is 20-80% higher than traditional plastics. This is due to the high polymerization cost of such plastics, as the product is still in development and thus has not yet achieved economic viability. For example, biodegradable plastic, such as PHA, has numerous applications in synthetic papers, binders, medical devices, food packaging, electronic parts, and agriculture, where production costs are high, availability is limited, and yields are low. Although PLA polymer is less expensive than PHA, it is still more expensive than petroleum-based PP and PE. In comparison to their petrochemical alternative, which has been developing quickly for more than 50 years, bio-based raw materials are still in the development stage and have not yet been marketed.

Impact of COVID-19 on Global Biodegradable Plastic Market

Various industries, including consumer goods, packaging, textiles, agriculture, and horticulture, use biodegradable plastics. However, Covid-19 affected these industries all over the world. From 2019 to 2020, the industry's growth had been constrained by logistical challenges, a labor shortage, a lack of materials, and other issues. Additionally, the global impact caused a precipitous drop in demand for packaging, which is decried as unnecessary. While the demand for e-commerce shipments that fall under the category of essential packaging increased significantly. Packaging converters are facing a new set of challenges because of these changes. These factors will also cause the impact of the Covid-19 pandemic on the packaging industry to be uneven.

Global Biodegradable Plastic Market - By Type

Based on the type, global biodegradable plastic market is segmented into PLA (Polylactic Acid), Starch-based, PBS (Polybutylene Succinate), PBAT (Polybutylene Adipate Terephthalate, PHA (Polyhydroxyalkanoates), Polycaprolactone, and Others. Throughout the forecast period, the starch-based segment is expected to dominate the market in terms of both value and volume. Starch-based plastics are used in a variety of applications, including packaging, automobiles, and agriculture. PLA Product plastics are also rapidly gaining traction in the market. The low cost of PLA in comparison to other products is a major driving factor for the segment. Furthermore, PHA is expected to grow significantly during the forecast period. The increasing use of PHA in medical and other applications is expected to drive market growth in the PHA segment. PHA is primarily used in pharmaceutical encapsulation and medical implants.

Biodegradable Plastic Market Share

Global Biodegradable Plastic Market – By Application

Based on application, global biodegradable plastic market is segmented into Packaging, Agriculture, Consumer Goods, and Others. Among these, the packaging segment holds the largest market share. The packaging industry is experiencing increased demand for biodegradable plastics due to consumer lifestyle changes and growing environmental concerns. Plastics' high water resistance and durability have promoted their use in packaging. Some of the packaging uses for biodegradable plastics include food packaging, healthcare packaging, cosmetic & personal care packaging, and shopping bags. Moreover, the agriculture industry is anticipated to dominate the market share during the forecast period (2022–2028). The use of biodegradable mulch film ensures soil and water conservation, the control of weed growth, and the maintenance of a favorable soil temperature to promote quicker crop development. A growing trend in developed economies is the use of biodegradable plastics in consumer goods. All these factors boost the growth of global biodegradable plastic market during the forecast period (2022–2028).

Global Biodegradable Plastic Market - By Region

Geographically, global biodegradable plastic market is segmented into North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA). Among these, Europe is the largest regional market for biodegradable plastics. People's increased awareness of plastic waste, combined with the European Union's ban on single-use plastics, is expected to propel the regional market during the forecast period. On the other hand, Asia Pacific is expected to be the world's fastest-growing market. Rising disposable income and improved living standards in developing countries, such as China and India, are expected to boost the region's market. Furthermore, Latin America has emerged as a promising market destination. The availability of low-cost raw materials bodes well for the region's market.

Competitive Landscape

Leading players in global biodegradable plastic market include Cargill Incorporated, Corteva, PTT MCC Biochem Co., Ltd., Hansen, Biome Technologies plc, Plantic Technologies Limited, BASF SE, Total Corbion PLA, Synbra Technology BV, Bayer Crop Science, Futerro, Novamont SpA, Cheminova, NatureWorks LLC, Eastman Chemical Company, Trineso, Danimer Scientific, and FKuR Kunststoff GmbH.

Global biodegradable plastic market is highly fragmented with the presence of several manufacturing companies. The market leaders retain their supremacy by spending on research and development, incorporating innovative technology into their goods, and releasing upgraded items for customers. Various strategies, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Developments

  • In April 2021 - NatureWorks announced a new strategic partnership with IMA Coffee, a market leader in coffee handling processing and packaging, to increase the market reach for high-performing compostable K-cup in North America.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2018–2021

Base Year – 2021

Estimated Year - 2022

Forecast – 2022–2028

Facts Covered

Revenue in USD Billion

Product/ Service Segmentation

Type, Application, Region

Key Players

Cargill Incorporated, Corteva, PTT MCC Biochem Co., Ltd., Hansen, Biome Technologies plc, Plantic Technologies Limited, BASF SE, Total Corbion PLA, Synbra Technology BV, Bayer Crop Science, Futerro, Novamont SpA, Cheminova, NatureWorks LLC, Eastman Chemical Company, Trineso, Danimer Scientific, FKuR Kunststoff GmbH.

 

By Type

    • PLA (Polylactic Acid)

    • Starch-based

    • PBS (Polybutylene Succinate)

    • PBAT (Polybutylene Adipate Terephthalate)

    • PHA (Polyhydroxyalkanoates)

    • Polycaprolactone

    • Others     

By Application

    • Packaging

    • Agriculture

    • Consumer Goods

    • Others

By Region

    • North America

    • Europe

    • Asia Pacific (APAC)

    • Latin America

    • Middle East and Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Biodegradable Plastic Overview
    3. Market Segmentation
  2. Executive Summary
  3. Global Biodegradable Plastic Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Consumer preferences shifting in favor of biodegradable plastic is causing the market to grow
        2. Growing support from the government is providing a boost to the market
        3. Increasing use in packaging and compostable bag applications
      2. Restraints
        1. Compared to normal plastics, biodegradable plastics are slightly more expensive
      3. Opportunity
        1. Creation of new applications could act as an opportunity and can cause substantial market growth
      4. Challenges
        1. Inferior performance of biodegradable plastic may act as a challenge in market growth
        2. Fluctuating oil prices create volatility in demand for biodegradable plastics
        3. Limited regulations related to biodegradable plastic in developing countries
    3. Technological Advancements/Analysis
      1. PHA biodegradable bioplastic
      2. Development of nanocellulose and nanocomposites
      3. Biodegradable plastics made from red fruit
      4. Others
    4. Recent Developments
    5. Global Biodegradable Plastic Price Trend Analysis 2018-2021, By Value (USD/Kiloton)
    6. Regulatory Framework
    7. Patent Analysis
      1. Patents by Toray Industries
      2. Patents by Metabolix Inc.
      3. Patents by BASF
      4. Patents by The Kao Corp.
      5. Others
    8. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Global Biodegradable Plastic Market Overview
    1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. PLA (Polylactic Acid)
        2. Starch Based
        3. PBS (Polybutylene Succinate)
        4. PBAT (Polybutylene Adipate Terephthalate)
        5. PHA (Polyhydroxyalkanoates)
        6. Polycaprolactone
        7. Others
      2. By Application
        1. Packaging
        2. Agriculture
        3. Consumer Goods
        4. Others
      3. By Region
        1. North America
        2. Europe
        3. Asia Pacific (APAC)
        4. Latin America
        5. Middle East and Africa (MEA)
  5. North America Global Biodegradable Plastic Market
      1. Market Size & Forecast, by Value, 2018–2028
      2. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. United States
          1. By Type
          2. By Application
        2. Canada
          1. By Type
          2. By Application
  6. Europe Global Biodegradable Plastic Market
    1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Germany
          1. By Type
          2. By Application
        2. United Kingdom
          1. By Type
          2. By Application
        3. Italy
          1. By Type
          2. By Application
        4. France
          1. By Type
          2. By Application
        5. Spain
          1. By Type
          2. By Application
        6. The Netherlands
          1. By Type
          2. By Application
        7. Belgium
          1. By Type
          2. By Application
        8. NORDIC Countries
          1. By Type
          2. By Application
        9. Rest of Europe
          1. By Type
          2. By Application
  7. Asia Pacific Global Biodegradable Plastic Market
    1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. China
          1. By Type
          2. By Application
        2. India
          1. By Type
          2. By Application
        3. Japan
          1. By Type
          2. By Application
        4. South Korea
          1. By Type
          2. By Application
        5. Australia & New Zealand
          1. By Type
          2. By Application
        6. Indonesia
          1. By Type
          2. By Application
        7. Malaysia
          1. By Type
          2. By Application
        8. Singapore
          1. By Type
          2. By Application
        9. Philippines
          1. By Type
          2. By Application
        10. Vietnam
          1. By Type
          2. By Application
        11. Rest of Asia Pacific
          1. By Type
          2. By Application
  8. Latin America Global Biodegradable Plastic Market
    1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Brazil
          1. By Type
          2. By Application
        2. Mexico
          1. By Type
          2. By Application
        3. Argentina
          1. By Type
          2. By Application
        4. Peru
          1. By Type
          2. By Application
        5. Colombia
          1. By Type
          2. By Application
        6. Rest of Latin America
          1. By Type
          2. By Application
  9.  Middle East & Africa Global Biodegradable Plastic Market
    1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By Country
        1. Saudi Arabia
          1. By Type
          2. By Application
        2. UAE
          1. By Type
          2. By Application
        3. Qatar
          1. By Type
          2. By Application
        4. Kuwait
          1. By Type
          2. By Application
        5. Iran
          1. By Type
          2. By Application
        6. South Africa
          1. By Type
          2. By Application
        7. Nigeria
          1. By Type
          2. By Application
        8. Kenya
          1. By Type
          2. By Application
        9. Egypt
          1. By Type
          2. By Application
        10. Morocco
          1. By Type
          2. By Application
        11. Algeria
          1. By Type
          2. By Application
        12. Rest of Middle East & Africa
          1. By Type
          2. By Application
  10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global Biodegradable Plastic Company Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
  11. Impact of Covid-19 on Global Biodegradable Plastic Market
  12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)
    1. Cargill Incorporated
    2. Corteva
    3. PTT MCC Biochem Co., Ltd.
    4. Hansen
    5. Biome Technologies plc
    6. Plantic Technologies Limited
    7. BASF SE
    8. Total Corbion PLA
    9. Synbra Technology BV
    10. Bayer Crop Science
    11. Futerro
    12. Novamont SpA
    13. Cheminova
    14. NatureWorks LLC
    15. Eastman Chemical Company
    16. Trineso
    17. Danimer Scientific
    18. FKuR Kunststoff GmbH
    19. Other Prominent Players
  13. Key Strategic Recommendations
  14. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

 

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

LOF

 

Figure 1        Global Biodegradable Plastic Market Segmentation

Figure 2        Global Biodegradable Plastic Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Global Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 5        Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 6        Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 7        Global Biodegradable Plastic Market Share, By Region, By Value, 2018-2028

Figure 8        North America Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 9        North America Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 10       North America Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 11       North America Biodegradable Plastic Market Share, By Country, By Value, 2018-2028

Figure 12       US Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 13       US Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 14       US Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 15       Canada Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 16       Canada Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 17       Canada Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 18       Europe Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 19       Europe Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 20       Europe Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 21       Europe Biodegradable Plastic Market Share, By Country, By Value, 2018-2028

Figure 22       Germany Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 23       Germany Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 24       Germany Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 25       UK Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 26       UK Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 27       UK Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 28       Italy Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 29       Italy Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 30       Italy Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 31       France Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 32       France Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 33       France Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 34       Spain Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 35       Spain Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 36       Spain Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 37       Netherlands Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 38       Netherlands Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 39       Netherlands Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 40       Belgium Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 41       Belgium Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 42       Belgium Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 43       NORDIC Countries Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 44       NORDIC Countries Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 45       NORDIC Countries Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 46       Rest of Europe Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 47       Rest of Europe Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 48       Rest of Europe Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 49       Asia-Pacific Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 50       Asia-Pacific Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 51       Asia-Pacific Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 52       Asia-Pacific Biodegradable Plastic Market Share, By Country, By Value, 2018-2028

Figure 53       China Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 54       China Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 55       China Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 56       India Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 57       India Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 58       India Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 59       Japan Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 60       Japan Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 61       Japan Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 62       South Korea Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 63       South Korea Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 64       South Korea Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 65       Australia & New Zealand Biodegradable Plastic Market Share, By Value, 2018-2028

Figure 66       Australia & New Zealand Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 67       Australia & New Zealand Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 68       Indonesia Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 69       Indonesia Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 70       Indonesia Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 71       Malaysia Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 72       Malaysia Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 73       Malaysia Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 74       Singapore Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 75       Singapore Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Figure 76       Singapore Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 77       Philippines Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 78       Philippines Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Figure 79       Philippines Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 80       Vietnam Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 81       Vietnam Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Figure 82       Vietnam Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 83       Rest of Asia Pacific Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 84       Rest of Asia Pacific Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Figure 85       Rest of Asia Pacific Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 86       Latin America Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 87       Latin America Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Figure 88       Latin America Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 89       Latin America Biodegradable Plastic Market Share, By Country, By Value, 2018-2028

Figure 90       Brazil Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 91       Brazil Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 92       Brazil Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 93       Mexico Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 94       Mexico Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 95       Mexico Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 96       Argentina Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 97       Argentina Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Figure 98       Argentina Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 99       Peru Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 100     Peru Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Figure 101     Peru Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 102     Colombia Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 103     Colombia Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Figure 104     Colombia Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 105     Rest of Latin America Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 106     Rest of Latin America Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Figure 107     Rest of Latin America Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 108     Middle East & Africa Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 109     Middle East & Africa Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Figure 110     Middle East & Africa Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 111     Middle East & Africa Biodegradable Plastic Market Share, By Country, By Value, 2018-2028

Figure 112     Saudi Arabia Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 113     Saudi Arabia Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 114     Saudi Arabia Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 115     UAE Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 116     UAE Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 117     UAE Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 118     Qatar Biodegradable Plastic Market Share, By Value (USD Million), 2018-2028

Figure 119     Qatar Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 120     Qatar Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 121     Kuwait Biodegradable Plastic Market Share, By Value (USD Million), 2018-2028

Figure 122     Kuwait Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 123     Kuwait Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 124     Iran Biodegradable Plastic Market Share, By Value (USD Million), 2018-2028

Figure 125     Iran Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 126     Iran Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 127     South Africa Biodegradable Plastic Market Share, By Value (USD Million), 2018-2028

Figure 128     South Africa Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 129     South Africa Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 130     Nigeria Biodegradable Plastic Market Share, By Value (USD Million), 2018-2028

Figure 131     Nigeria Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 132     Nigeria Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 133     Kenya Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 134     Kenya Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 135     Kenya Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 136     Egypt Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 137     Egypt Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 138     Egypt Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 139     Morocco Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 140     Morocco Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 141     Morocco Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 142     Algeria Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 143     Algeria Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 144     Algeria Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Figure 145     Rest of Middle East & Africa Biodegradable Plastic Market Size, By Value (USD Million), 2018-2028

Figure 146     Rest of Middle East & Africa Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Figure 147     Rest of Middle East & Africa Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

 

LOT

 

Table 1         Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 2         Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 3         Global Biodegradable Plastic Market Share, By Region, By Value, 2018-2028

Table 4         North America Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 5         North America Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 6         North America Global Biodegradable Plastic Market Share, By Country, By Value, 2018-2028

Table 7         US Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 8         US Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 9         Canada Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 10        Canada Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 11        Europe Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 12        Europe Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 13        Europe Global Biodegradable Plastic Market Share, By Country, By Value, 2018-2028

Table 14        Germany Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 15        Germany Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 16        UK Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 17        UK Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 18        Italy Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 19        Italy Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 20        France Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 21        France Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 22        Spain Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 23        Spain Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 24        The Netherlands Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 25        The Netherlands Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 26        Belgium Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 27        Belgium Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 28        NORDIC Countries Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 29        NORDIC Countries Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 30        Rest of Europe Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 31        Rest of Europe Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 32        Asia-Pacific Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 33        Asia-Pacific Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 34        Asia-Pacific Global Biodegradable Plastic Market Share, By Country, By Value, 2018-2028

Table 35        China Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 36        China Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 37        India Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 38        India Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 39        Japan Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 40        Japan Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 41        South Korea Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 42        South Korea Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 43        Australia & New Zealand Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 44        Australia & New Zealand Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 45        Indonesia Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 46        Indonesia Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 47        Malaysia Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 48        Malaysia Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 49        Singapore Global Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Table 50        Singapore Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 51        Philippines Global Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Table 52        Philippines Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 53        Vietnam Global Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Table 54        Vietnam Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 55        Rest of Asia Pacific Global Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Table 56        Rest of Asia Pacific Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 57        Latin America Global Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Table 58        Latin America Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 59        Latin America Global Biodegradable Plastic Market Share, By Country, By Value, 2018-2028

Table 60        Brazil Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 61        Brazil Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 62        Mexico Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 63        Mexico Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 64        Argentina Global Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Table 65        Argentina Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 66        Peru Global Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Table 67        Peru Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 68        Colombia Global Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Table 69        Colombia Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 70        Rest of Latin America Global Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Table 71        Rest of Latin America Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 72        Middle East & Africa Global Biodegradable Plastic Market Size, By Type, By Value (USD Million), 2018-2028

Table 73        Middle East & Africa Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 74        Middle East & Africa Global Biodegradable Plastic Market Share, By Country, By Value, 2018-2028

Table 75        Saudi Arabia Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 76        Saudi Arabia Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 77        UAE Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 78        UAE Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 79        Qatar Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 80        Qatar Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 81        Kuwait Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 82        Kuwait Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 83        Iran Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 84        Iran Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 85        South Africa Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 86        South Africa Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 87        Nigeria Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 88        Nigeria Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 89        Kenya Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 90        Kenya Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 91        Egypt Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 92        Egypt Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 93        Morocco Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 94        Morocco Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 95        Algeria Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 96        Algeria Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 97        Rest of Middle East & Africa Global Biodegradable Plastic Market Share, By Type, By Value, 2018-2028

Table 98        Rest of Middle East & Africa Global Biodegradable Plastic Market Share, By Applications, By Value, 2018-2028

Table 99        Cargill Incorporated Company Overview

Table 100      Cargill Incorporated Financial Overview

Table 101      Corteva Company Overview

Table 102      Corteva Financial Overview

Table 103      PTT MCC Biochem Co., Ltd. Company Overview

Table 104      PTT MCC Biochem Co., Ltd. Financial Overview

Table 105      Hansen Company Overview

Table 106      Hansen Financial Overview

Table 107      Biome Technologies plc Company Overview

Table 108      Biome Technologies plc Financial Overview

Table 109      Plantic Technologies Limited Company Overview

Table 110      Plantic Technologies Limited Financial Overview

Table 111      BASF SE Company Overview

Table 112      BASF SE Financial Overview

Table 113      Total Corbion PLA Company Overview

Table 114      Total Corbion PLA Financial Overview

Table 115      Synbra Technology BV Company Overview

Table 116      Synbra Technology BV Financial Overview

Table 117      Bayer Crop Science Company Overview

Table 118      Bayer Crop Science Financial Overview

Table 119      Futerro Company Overview

Table 120      Futerro Financial Overview

Table 121      Eastman Chemical Company Company Overview

Table 122      Eastman Chemical Company Financial Overview

Table 123      Trineso Company Overview

Table 124      Trineso Financial Overview

Table 125      Danimer Scientific Company Overview

Table 126      Danimer Scientific Financial Overview

Table 127      FKuR Kunststoff GmbH Company Overview

Table 128      FKuR Kunststoff GmbH Financial Overview

Market Segmentation

By Type

    • PLA (Polylactic Acid)

    • Starch-based

    • PBS (Polybutylene Succinate)

    • PBAT (Polybutylene Adipate Terephthalate)

    • PHA (Polyhydroxyalkanoates)

    • Polycaprolactone

    • Others     

By Application

    • Packaging

    • Agriculture

    • Consumer Goods

    • Others

By Region

    • North America

    • Europe

    • Asia Pacific (APAC)

    • Latin America

    • Middle East and Africa (MEA)

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Frequently Asked Questions (FAQs):

Ans: The packaging segment has the highest share in Global Biodegradable Plastic Market by application.
Ans: Major factors driving the growth of Global Biodegradable Plastic Market are the growing demand for biodegradable plastics across industries, rising global plastic waste, government restrictions on plastic use, rising consumer preference for eco-friendly plastic, and rising consumer awareness of the environmental risks associated with plastic use are all contributing factors.
Ans: Global Biodegradable Plastic Market size reached a value of 6.17 billion in 2021.
Ans: The starch-based segment accounted for the highest share in Global Biodegradable Plastic Market by product type.
Ans: Key players in Global Biodegradable Plastic Market are Cargill Incorporated, Corteva, PTT MCC Biochem Co., Ltd., Hansen, Biome Technologies plc, Plantic Technologies Limited, BASF SE, Total Corbion PLA, Synbra Technology BV, Bayer Crop Science, Futerro, Novamont SpA, Cheminova, NatureWorks LLC, Eastman Chemical Company, Trineso, Danimer Scientific, and FKuR Kunststoff GmbH. 
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