Biodegradable plastic is a type of plastic that can be broken down naturally by bacteria or fungi into simpler compounds. It can be used in various applications, such as packaging materials, disposable cutlery, agricultural films, and medical devices. Biodegradable plastics reduce plastic waste and environmental pollution by breaking down into harmless organic matter. However, they require specific conditions like proper temperature, moisture, and microbial activity to effectively biodegrade. Biodegradable plastics are more environmentally friendly as they do not accumulate in landfills or marine ecosystems.
Market Dynamics:
The global biodegradable plastic market is driven by eco-friendly nature and rise in consumer adoption of biodegradable plastics and high demand of biodegradable plastic in food packaging application. The market is also witnessing growth on account of the heavy inflow of investments into R&D activities. Moreover, Favorable Government Policies towards bio plastic is again driving growth of the global biodegradable plastic market. People are increasingly opting for CSR activities and decreasing dependence on petroleum resource. Furthermore, rise in popularity of biodegradable mulch film and Polylactic Acid acting as alternative to traditional fossil is further projected to augment market growth.
On the other hand, high cost of biodegradable plastic is expected to hamper the market growth.
Key features of the study:
- This report provides in-depth analysis of the global biodegradable plastic market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global biodegradable plastic market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include are Basf Se, Corbion N.V., Danimer Scientific, Dow Inc., Eastman Chemical Company, Kuraray Co., Ltd., and Mitsubishi Chemical Holdings, Novamont S.P.A, Ptt Global Chemical Company Limited.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global biodegradable plastic market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global biodegradable plastic market
- Global Biodegradable Plastics Market, By Type
- PLA (polylactic acid)
- PBAT (polybutylene adipate terephthalate)
- PBS (polybutylene succinate)
- PHA (Polyhydroxyalkanoates)
- Starch Blends
- Others
- Global Biodegradable Plastics Market, By Application
- Packaging
- Agriculture
- Consumer Durable
- Textile
- Others
- Global Biodegradable Plastics Market, By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Company Profiles
- Basf Se, Corbion N.V.
- Danimer Scientific
- Dow Inc., Eastman Chemical Company
- Kuraray Co., Ltd.
- Mitsubishi Chemical Holdings
- Novamont S.P.A,
- Ptt Global Chemical Company Limited.
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Biodegradable Plastic, By Type
- Market Biodegradable Plastic, By Application
- Market Biodegradable Plastic, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- High demand of biodegradable plastic in food packaging application
- Favorable Government Policies towards bioplastic
- High cost of biodegradable plastic
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- 4. Global Biodegradable Plastics Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Biodegradable Plastics Market , By Type, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2025 – 2032
- Segment Trends
- PLA (Polyatic Acid)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- PBAT (Polybutylene Adipate Terephthalate)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- PBS (Polybutylene Succinate)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- PHA (Polyhydroxyalkanoates)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Starch Blends
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- 6. Global Biodegradable Plastics Market , By Application, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2025 – 2032
- Segment Trends
- Packing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
- Agriculture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
- Consumer Durable
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
- Textile
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
- 7. Global Biodegradable Plastics Market, By Region, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, For Country 2021 –2032
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- LAMEA
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- 8. Competitive Landscape
- BASF SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Biome Technologies plc
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Dow, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Corbion N.V.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Novamont S.p.A
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Sensient Technologies Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- PTTGC
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Mitsubishi Chemical Corp.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Eastman Chemical Corp.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Kuraray Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Danimer Scientific
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
- 9. Section
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on Global Biodegradable Plastics Market” - Global forecast to 2032
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