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Biodegradable Plastics Market by Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), End Use Industry (Packaging & Bags, Consumer Goods, Agriculture & Horticulture), and Region (APAC, Europe, North America, Rest of the World) - Global Forecast to 20

Biodegradable Plastics Market by Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), End Use Industry (Packaging & Bags, Consumer Goods, Agriculture & Horticulture), and Region (APAC, Europe, North America, Rest of the World) - Global Forecast to 2023

“Increasing use in packaging & bags end-use industry is one of the major factors driving the market.”
The market size of biodegradable plastics is expected to reach USD 6.12 billion by 2023 from USD 3.02 billion in 2018, at a CAGR of 15.1%. The growth of the packaging & bags industry is driving the market for biodegradable plastics. Consumer awareness toward sustainable plastic solutions and pervasive efforts to eliminate the use of non-biodegradable conventional plastics is contributing to the market growth of biodegradable plastics.

“Packaging & bags is projected to be the fastest-growing end-use industry of biodegradable plastics during the forecast period.”
Biodegradable plastics is widely used in the packaging & bags industry. It is expected to be the fastest-growing end-use industry segment of the biodegradable plastics market between 2018 and 2023. Biodegradable plastics are used for manufacturing bottles, loose-fill, cups, pots, bowls, flexible films, and other products. Thermoset plastics (soy polyurethanes and unsaturated polyester resins) and thermoplastics (PLA, starch blends, PBS, PHA, and cellulose) are the two types of biodegradable plastics mainly used in the packaging industry.

“Rising demand in APAC is the major driver for the biodegradable plastics market.”
APAC is expected to be the fastest-growing biodegradable plastics market during the forecast period. APAC is a rapidly emerging economy, and hence foreign investors and plastics manufacturers are establishing their production plants in this region. The growth of the market in this region can be attributed to the easy availability of raw materials and growing packaging & bags industry.

The breakdown of primary interviews is given below:
By Company Type: Tier 1 - 30%, Tier 2 - 35%, and Tier 3 - 35%
By Designation: C Level - 40%, D Level - 40%, and Others - 20%
By Region: North America - 15%, Europe - 25%, APAC- 50%, RoW - 10%.

The report also provides company profiles and detailed competitive strategies adopted by major market players, such as NatureWorks (US), BASF (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical Corporation (Japan), and Biome Bioplastics (UK).

Research Coverage
The market is segmented based on type, end-use industry, and region. This report covers the biodegradable plastics market, in terms of value and volume, and forecasts its market size till 2023. The report also provides company profiles and competitive strategies adopted by key players in the biodegradable plastics market.

Reasons to Buy the Report
The report will help the market leaders/new entrants in this market in the following ways:

1. The report segments the biodegradable plastics market comprehensively and provides the closest approximations of the revenue for the overall market and the subsegments and regions.

2. The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, opportunities, and challenges.

3. The report helps stakeholders understand their competitors better and gain additional insights into the business. The competitive landscape section includes expansions, new product launches, mergers, acquisitions & partnerships.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • UNIT CONSIDERED
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE BIODEGRADABLE PLASTICS MARKET
    • BIODEGRADABLE PLASTICS MARKET, BY TYPE
    • APAC BIODEGRADABLE PLASTICS MARKET, BY COUNTRY AND END-USE INDUSTRY
    • BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY PACKAGING & BAGS WAS THE LARGEST SEGMENT IN 2017
    • BIODEGRADABLE PLASTICS MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • INTENSITY OF COMPETITIVE RIVALRY
  • BIODEGRADABLE PLASTICS MARKET, BY TYPE
    • INTRODUCTION
      • Table BIODEGRADABLE PLASTICS MARKET SIZE, BY TYPE, 2016-2023 (USD MILLION)
      • Table BIODEGRADABLE PLASTICS MARKET SIZE, BY TYPE, 2016-2023 (KILOTON)
    • PLA
      • INCREASING USE OF PLA IN COLD PRODUCTS FOR FROZEN ITEMS AND IN FOOD PACKAGING TO DRIVE THE DEMAND
    • STARCH BLENDS
      • BENEFITS SUCH AS BIODEGRADABILITY, RENEWABILITY, AND LOW COST WILL BOOST THE DEMAND OF STARCH BLENDS
    • PHA
      • USE OF HIGH-QUALITY MATERIALS IN PACAKGING TO DRIVE THE GROWTH OF PHA
    • BIODEGRADABLE POLYESTERS
      • INCREASE IN DEMAND FOR PCL, PBAT, AND PBS FOR SOFT COMPOSTABLE PACKAGING TO DRIVE THE MARKET
    • OTHERS
      • THE ABILITY OF REGENERATED CELLULOSE AND CELLULOSE DERIVATIVE TO PRODUCE SMOOTH AND UNIFORMED BIODEGRADABLE POLYMERS IS FUELING DEMAND
  • BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • Table BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
    • PACKAGING & BAGS
      • PACKAGING & BAGS SEGMENT ACCOUNTED FOR THE LARGEST END USE INDUSTRY OF BIODEGRADABLE PLASTICS
        • Table BIODEGRADABLE PLASTICS, MARKET SIZE IN PACKAGING & BAGS, BY REGION, 2016-2023 (USD MILLION)
        • Table BIODEGRADABLE PLASTICS MARKET SIZE IN PACKAGING & BAGS, BY REGION, 2016-2023 (KILOTON)
    • CONSUMER GOODS
      • CONSUMER GOODS SEGMENT IS PROJECTED TO GROW AT THE SECOND-FASTEST CAGR DURING THE FORECAST PERIOD
        • Table BIODEGRADABLE PLASTICS, MARKET SIZE IN CONSUMER GOODS, BY REGION, 2016-2023 (USD MILLION)
        • Table BIODEGRADABLE PLASTICS, MARKET SIZE IN CONSUMER GOODS, BY REGION, 2016-2023 (KILOTON)
    • AGRICULTURE & HORTICULTURE
      • BIODEGRADABLE PLASTICS ARE USED IN THE AGRICULTURE & HORTICULTURE INDUSTRY FOR MANUFACTURING MULCHES, SEEDING STRIPS, AND TAPES
        • Table BIODEGRADABLE PLASTICS MARKET SIZE IN AGRICULTURE & HORTICULTURE , BY REGION, 2016-2023 (USD MILLION)
        • Table BIODEGRADABLE PLASTICS MARKET SIZE IN AGRICULTURE & HORTICULTURE, BY REGION, 2016-2023 (KILOTON)
    • TEXTILE
      • IN TEXTILE INDUSTRY PLA IS EXTENSIVELY USED DUE TO ITS EXCELLENT PROPERTY OF EXTREMELY LOW MOISTURE REGAIN
        • Table BIODEGRADABLE PLASTICS MARKET SIZE IN TEXTILE, BY REGION, 2016-2023 (USD MILLION)
        • Table BIODEGRADABLE PLASTICS MARKET SIZE IN TEXTILE , BY REGION, 2016-2023 (KILOTON)
    • OTHERS
      • Table BIODEGRADABLE PLASTICS MARKET SIZE IN OTHERS, BY REGION, 2016-2023 (USD MILLION)
      • Table BIODEGRADABLE PLASTICS MARKET SIZE IN OTHERS, BY REGION, 2016-2023 (KILOTON)
  • BIODEGRADABLE PLASTICS MARKET, BY REGION
    • INTRODUCTION
      • Table BIODEGRADABLE PLASTICS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • Table BIODEGRADABLE PLASTICS MARKET SIZE, BY REGION, 2016-2023 (KILOTON)
    • NORTH AMERICA
      • Table NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON)
      • Table NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • US
        • Table US: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table US: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • CANADA
        • Table CANADA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table CANADA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • MEXICO
        • Table MEXICO: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table MEXICO: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
    • EUROPE
      • Table EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON)
      • Table EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • GERMANY
        • Table GERMANY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table GERMANY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • FRANCE
        • Table FRANCE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table FRANCE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • UK
        • Table UK: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table UK: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • ITALY
        • Table ITALY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table ITALY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • SPAIN
        • Table SPAIN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table SPAIN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • REST OF EUROPE
        • Table REST OF EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table REST OF EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
    • APAC
      • Table APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON)
      • Table APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • Table APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • CHINA
        • Table CHINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table CHINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • JAPAN
        • Table JAPAN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table JAPAN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • INDIA
        • Table INDIA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table INDIA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • SOUTH KOREA
        • Table SOUTH KOREA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table SOUTH KOREA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE, 2016-2023 (KILOTON)
      • REST OF APAC
        • Table REST OF APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table REST OF APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
    • REST OF THE WORLD (ROW)
      • Table ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 2016-2023 (KILOTON)
      • Table ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • Table ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • BRAZIL
        • Table BRAZIL: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table BRAZIL: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • ARGENTINA
        • Table ARGENTINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table ARGENTINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
      • OTHER COUNTRIES
        • Table OTHER COUNTRIES: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
        • Table OTHER COUNTRIES: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (KILOTON)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING OF KEY PLAYERS
    • COMPETITIVE SITUATION & TRENDS
      • NEW PRODUCT LAUNCHES
      • EXPANSIONS
      • MERGERS, ACQUISITIONS, AND PARTNERSHIPS
  • COMPANY PROFILES
    • NATUREWORKS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • BASF SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • TOTAL CORBION PLA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MITSUBISHI CHEMICAL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • BIOME BIOPLASTICS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • PLANTIC TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BIO-ON
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • DANIMER SCIENTIFIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NOVAMONT S.P.A.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TORAY INDUSTRIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • OTHER PLAYERS
      • ZHEJIANG HISUN BIOMATERIALS CO., LTD
      • SUCCINITY GMBH
      • PERSTORP
      • BIO-FED
      • TIANAN BIOLOGIC MATERIALS CO.
      • SYNBRA TECHNOLOGY BV
      • TIANJIN GREENBIO MATERIALS CO., LTD
      • FKUR KUNSTSTOFF GMBH
      • SPHERE
      • NEWLIGHT TECHNOLOGIES
      • GREEN DOT BIOPLASTICS
      • API S.P.A
      • CARBIOLICE
      • INDOCHINE BIO PLASTIQUES (ICBP) SDN. BHD
      • CLONDALKIN
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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