Biodegradable Plastics Market - Global Industry Analysis

Biodegradable Plastics Market by Type (PLA, Starch Blends, PHA, Biodegradable Polyesters, and Others) and by End-Use (Packaging & Bags, Consumer Goods, Agriculture & Horticulture, Textile, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-2024

Published Date: 29-Nov-2018 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-3569 Status : Published

Global biodegradable plastics market expected to reach approximately USD 18.05 billion in 2024, growing at a CAGR of slightly above 9.10% between 2018 and 2024.

Description

The report covers forecast and analysis for the biodegradable plastics market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on volume (Kilotons) and revenue (USD Billion). The study includes drivers and restraints for the biodegradable plastics market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the biodegradable plastics market on a global level.

This report offers a comprehensive analysis of the global biodegradable plastics market along with market trends, drivers, and restraints of the biodegradable plastics market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces Model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary, and primary research team of industry experts.

Global Biodegradable Plastics Market

The study provides a decisive view of the biodegradable plastics market by segmenting the market based on type, end-use, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on type, the market is segmented into PLA, starch blends, PHA, biodegradable polyesters, and others. The end-use segment includes packaging and bags, consumer goods, agriculture and horticulture, textile, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into major countries, such as the U.S., UK, France, Germany, China, India, Japan, and Brazil.

The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global biodegradable plastics market, such as NatureWorks, BASF SE, Total Corbion PLA, Mitsubishi Chemical Corporation, Biome Bioplastics, Plantic Technologies, Bio-On, Danimer Scientific, Novamont S.P.A., Toray Industries, and others.

The report segments global biodegradable plastics market as follows:

Biodegradable Plastics Market: Type Segment Analysis

  • PLA 
  • Starch Blends
  • PHA
  • Biodegradable Polyesters
  • Others 

Biodegradable Plastics Market: End-Use Segment Analysis

  • Packaging & Bags
  • Consumer Goods 
  • Agriculture & Horticulture 
  • Textile 
  • Others

Biodegradable Plastics Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Biodegradable Plastics Market, 2015 - 2024, (Kilotons) (USD Billion)
    • 2.2. Biodegradable Plastics Market: Market Snapshot
  •  
  • Chapter 3. Biodegradable Plastics Market - Industry Analysis
    • 3.1. Biodegradable Plastics Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Increasing Use in Food Packaging & Compostable Bags
      • 3.2.2. The shift in Consumer Preference Toward Eco-Friendly Plastic Products
    • 3.3. Opportunity
      • 3.3.1. Emerging End-Use Industries of Biodegradable Plastics
    • 3.4. Restrain
      • 3.4.1. Higher Cost of Biodegradable Plastics than that of Conventional Plastics
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market Attractiveness Analysis by Type Segment
      • 3.6.2. Market Attractiveness Analysis by End-Use Segment
      • 3.6.3. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Biodegradable Plastics Market- Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017 (Subject to Data Availability)
    • 4.2. Strategic Developments
    • 4.3. Acquisitions & Mergers
    • 4.4. New Product Launch
    • 4.5. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.6. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Global Biodegradable Plastics Market-Type Segment Analysis
    • 5.1. Global Biodegradable Plastics Market Overview: by Type
      • 5.1.1. Biodegradable Plastics Market Volume Share, by Type, 2017 and 2024
    • 5.2. PLA
      • 5.2.1. Global Biodegradable Plastics Market for PLA, 2015-2024(Kilotons) (USD Billion)
    • 5.3. Starch Blends
      • 5.3.1. Global Biodegradable Plastics Market for Starch Blends, 2015-2024 (Kilotons) (USD Billion)
    • 5.4. PHA
      • 5.4.1. Global Biodegradable Plastics Market for PHA, 2015-2024 (Kilotons) (USD Billion)
    • 5.5. Biodegradable Polyesters
      • 5.5.1. Global Biodegradable Plastics Market for Biodegradable Polyesters, 2015-2024 (Kilotons) (USD Billion)
    • 5.6. Others
      • 5.6.1. Global Biodegradable Plastics Market for Biodegradable Polyesters, 2015-2024 (Kilotons) (USD Billion)
  •  
  • Chapter 6. Global Biodegradable Plastics Market -End-Use Segment Analysis
    • 6.1. Global Biodegradable Plastics Market Overview: by End-Use
      • 6.1.1. Biodegradable Plastics Market Volume Share, by End-Use, 2017 and 2024
    • 6.2. Packaging & Bags
      • 6.2.1. Biodegradable Plastics Market for Packaging & Bags, 2015-2024 (Kilotons) (USD Billion)
    • 6.3. Consumer Goods
      • 6.3.1. Global Biodegradable Plastics Market for Personal Care, 2015-2024 (Kilotons) (USD Billion)
    • 6.4. Agriculture & Horticulture
      • 6.4.1. Global Biodegradable Plastics Market for Agriculture & Horticulture, 2015-2024 (Kilotons) (USD Billion)
    • 6.5. Textile
      • 6.5.1. Biodegradable Plastics Market for Plasticizers, 2015-2024 (Kilotons) (USD Billion)
    • 6.6. Others
      • 6.6.1. Global Biodegradable Plastics Market for Pharmaceutical Formulation, 2015-2024 (Kilotons) (USD Billion)
  •  
  • Chapter 7. Global Biodegradable Plastics Market- Regional Analysis
    • 7.1. Global Biodegradable Plastics Market Overview: by Region
      • 7.1.1. Global Biodegradable Plastics Market Volume Share, by Region, 2017 and 2024
    • 7.2. North America
      • 7.2.1. North America Biodegradable Plastics Market, 2015 - 2024(Kilotons) (USD Billion)
      • 7.2.2. North America Biodegradable Plastics Market Volume, by Type, 2015 - 2024(Kilotons)
      • 7.2.3. North America Biodegradable Plastics Market Volume, by End-Use, 2015 - 2024(Kilotons)
      • 7.2.4. North America Biodegradable Plastics Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 7.2.5. North America Biodegradable Plastics Market Revenue, by End-Use, 2015 - 2024 (USD Billion)
      • 7.2.6. The U.S.
        • 7.2.6.1. The U.S. Biodegradable Plastics Market Volume, by Type, 2015 - 2024 (Kilotons)
        • 7.2.6.2. The U.S. Biodegradable Plastics Market Volume, by End-Use, 2015 - 2024 (Kilotons)
        • 7.2.6.3. The U.S. Biodegradable Plastics Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 7.2.6.4. The U.S. Biodegradable Plastics Market Revenue, by End-Use, 2015 - 2024 (USD Billion)
    • 7.3. Europe
      • 7.3.1.1. Europe Biodegradable Plastics Market Volume, by Type, 2015 - 2024 (Kilotons)
      • 7.3.1.2. Europe Biodegradable Plastics Market Volume, by End-Use, 2015 - 2024 (Kilotons)
      • 7.3.1.3. Europe Biodegradable Plastics Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 7.3.1.4. Europe Biodegradable Plastics Market Revenue, by End-Use, 2015 - 2024 (USD Billion)
      • 7.3.2. UK
        • 7.3.2.1. UK Biodegradable Plastics Market Volume, by Type, 2015 - 2024 (Kilotons)
        • 7.3.2.2. UK Biodegradable Plastics Market Volume, by End-Use, 2015 - 2024 (Kilotons)
        • 7.3.2.3. UK Biodegradable Plastics Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 7.3.2.4. UK Biodegradable Plastics Market Revenue, by End-Use, 2015 - 2024 (USD Billion)
      • 7.3.3. France
        • 7.3.3.1. France Biodegradable Plastics Market Volume, by Type, 2015 - 2024 (Kilotons)
        • 7.3.3.2. France Biodegradable Plastics Market Volume, by End-Use, 2015 - 2024 (Kilotons)
        • 7.3.3.3. France Biodegradable Plastics Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 7.3.3.4. France Biodegradable Plastics Market Revenue, by End-Use, 2015 - 2024 (USD Billion)
      • 7.3.4. Germany
        • 7.3.4.1. Germany Biodegradable Plastics Market Volume, by Type, 2015 - 2024 (Kilotons)
        • 7.3.4.2. Germany Biodegradable Plastics Market Volume, by End-Use, 2015 - 2024 (Kilotons)
        • 7.3.4.3. Germany Biodegradable Plastics Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 7.3.4.4. Germany Biodegradable Plastics Market Revenue, by End-Use, 2015 - 2024 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Biodegradable Plastics Market, 2015 - 2024(Kilotons) (USD Billion)
      • 7.4.2. Asia Pacific Biodegradable Plastics Market Volume, by Type, 2015 - 2024(Kilotons)
      • 7.4.3. Asia Pacific Biodegradable Plastics Market Volume, by End-Use, 2015 - 2024(Kilotons)
      • 7.4.4. Asia Pacific Biodegradable Plastics Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 7.4.5. Asia Pacific Biodegradable Plastics Market Revenue, by End-Use, 2015 - 2024 (USD Billion)
      • 7.4.6. China
        • 7.4.6.1. China Biodegradable Plastics Market Volume, by Type, 2015 - 2024 (Kilotons)
        • 7.4.6.2. China Biodegradable Plastics Market Volume, by End-Use, 2015 - 2024 (Kilotons)
        • 7.4.6.3. China Biodegradable Plastics Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 7.4.6.4. China Biodegradable Plastics Market Revenue, by End-Use, 2015 - 2024 (USD Billion)
      • 7.4.7. Japan
        • 7.4.7.1. Japan Biodegradable Plastics Market Volume, by Type, 2015 - 2024 (Kilotons)
        • 7.4.7.2. Japan Biodegradable Plastics Market Volume, by End-Use, 2015 - 2024 (Kilotons)
        • 7.4.7.3. Japan Biodegradable Plastics Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 7.4.7.4. Japan Biodegradable Plastics Market Revenue, by End-Use, 2015 - 2024 (USD Billion)
      • 7.4.8. India
        • 7.4.8.1. India Biodegradable Plastics Market Volume, by Type, 2015 - 2024 (Kilotons)
        • 7.4.8.2. India Biodegradable Plastics Market Volume, by End-Use, 2015 - 2024 (Kilotons)
        • 7.4.8.3. India Biodegradable Plastics Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 7.4.8.4. India Biodegradable Plastics Market Revenue, by End-Use, 2015 - 2024 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Biodegradable Plastics Market, 2015 - 2024(Kilotons) (USD Billion)
      • 7.5.2. Latin America Biodegradable Plastics Market Volume, by Type, 2015 - 2024(Kilotons)
      • 7.5.3. Latin America Biodegradable Plastics Market Volume, by End-Use, 2015 - 2024(Kilotons)
      • 7.5.4. Latin America Biodegradable Plastics Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 7.5.5. Latin America Biodegradable Plastics Market Revenue, by End-Use, 2015 - 2024 (USD Billion)
      • 7.5.6. Brazil
        • 7.5.6.1. Brazil Biodegradable Plastics Market Volume, by Type, 2015 - 2024 (Kilotons)
        • 7.5.6.2. Brazil Biodegradable Plastics Market Volume, by End-Use, 2015 - 2024 (Kilotons)
        • 7.5.6.3. Brazil Biodegradable Plastics Market Revenue, by Type, 2015 - 2024 (USD Billion)
        • 7.5.6.4. Brazil Biodegradable Plastics Market Revenue, by End-Use, 2015 - 2024 (USD Billion)
    • 7.6. The Middle East and Africa
      • 7.6.1. The Middle East & Africa Biodegradable Plastics Market, 2015 - 2024(Kilotons) (USD Billion)
      • 7.6.2. The Middle East & Africa Biodegradable Plastics Market Volume, by Type, 2015 - 2024(Kilotons)
      • 7.6.3. The Middle East & Africa Biodegradable Plastics Market Volume, by End-Use, 2015 - 2024(Kilotons)
      • 7.6.4. The Middle East & Africa Biodegradable Plastics Market Revenue, by Type, 2015 - 2024 (USD Billion)
      • 7.6.5. The Middle East & Africa Biodegradable Plastics Market Revenue, by End-Use, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Company Profiles
    • 8.1. NatureWorks
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. BASF SE
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Total Corbion PLA
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Mitsubishi Chemical Corporation
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Development
    • 8.5. Biome Bioplastics
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Developments
    • 8.6. Plantic Technologies
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Developments
    • 8.7. Bio-On.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Developments
    • 8.8. VVF Danimer Scientific
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Developments
    • 8.9. Royal Dutch Shell PLC
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Developments

Table Of Figures

List of Figures

1. Market Research Process
2. Market Research Methodology
3. Global Biodegradable Plastics Market, 2015 - 2024(Kilotons)(USD Billion)
4. Porter’s Five Forces Analysis: Controlled Biodegradable Plastics Market
5. Global Biodegradable Plastics Market Attractiveness, by Type
6. Global Biodegradable Plastics Market Attractiveness, by End-Use
7. Global Biodegradable Plastics Market Attractiveness, by Region
8. Global Biodegradable Plastics Market Volume Share, by Type, 2017&2024
9. Global Biodegradable Plastics Market Volume Share, by End-Use, 2017&2024
10. Global Biodegradable Plastics MarketforPLA,2015-2024(Kilotons)(USD Billion)
11. Global Biodegradable Plastics Market for Starch Blends, 2015 - 2024(Kilotons) (USD Billion)
12. Global Biodegradable Plastics Market for PHA, 2015 - 2024(Kilotons) (USD Billion)
13. Global Biodegradable Plastics Market for Biodegradable Polyesters, 2015 - 2024 (Kilotons) (USD Billion)
14. Global Biodegradable Plastics Market for Others, 2015 - 2024 (Kilotons) (USD Billion)
15. Global Biodegradable Plastics Market for Packaging & Bags, 2015 - 2024 (Kilotons) (USD Billion)
16. Global Biodegradable Plastics Market for Consumer Goods, 2015 - 2024 (Kilotons) (USD Billion)
17. Global Biodegradable Plastics Market for Agriculture & Horticulture, 2015 - 2024 (Kilotons) (USD Billion)
18. Global Biodegradable Plastics Market for Textile, 2015 - 2024 (Kilotons) (USD Billion)
19. Global Biodegradable Plastics Market for Others, 2015 - 2024 (Kilotons) (USD Billion)
20. Global Biodegradable Plastics Market Volume Share, by Region, 2017&2024
21. North America Biodegradable Plastics Market, 2015 - 2024(Kilotons)(USD Billion)
22. Europe Biodegradable Plastics Market, 2015 - 2024(Kilotons)(USD Billion)
23. Asia Pacific Biodegradable Plastics Market, 2015 –2024(Kilotons)(USD Billion)
24. Latin America Biodegradable Plastics Market, 2015-2024(Kilotons)(USD Billion)
25. The Middle East & Africa Biodegradable Plastics Market, 2015 – 2024(Kilotons)(USD Billion)


Table Of Tables

List of Tables

1. Global Biodegradable Plastics Market: Snapshot
2. Drivers for Biodegradable Plastics Market: Impact Analysis
3. Restraints of Biodegradable Plastics Market: Impact Analysis
4. North America Biodegradable Plastics Market Volume, by Type, 2015 – 2024 (Kilotons)  
5. North America Biodegradable Plastics Market Volume, by End-Use, 2015 – 2024 (Kilotons)  
6. North America Biodegradable Plastics Market Revenue, by Type, 2015 – 2024 (USD Billion)
7. North America Biodegradable Plastics Market Revenue, by End-Use, 2015 – 2024 (USD Billion)
8. The U.S. Biodegradable Plastics Market Volume, by Type, 2015 – 2024 (Kilotons)  
9. The U.S. Biodegradable Plastics Market Volume, by End-Use, 2015 – 2024 (Kilotons)  
10. The U.S. Biodegradable Plastics Market Revenue, by Type, 2015 – 2024 (USD Billion)
11. The U.S. Biodegradable Plastics Market Revenue, by End-Use, 2015 – 2024 (USD Billion)
12. Europe Biodegradable Plastics Market Volume, by Type, 2015 – 2024 (Kilotons)  
13. Europe Biodegradable Plastics Market Volume, by End-Use, 2015 – 2024 (Kilotons)  
14. Europe Biodegradable Plastics Market Revenue, by Type, 2015 – 2024 (USD Billion)
15. Europe Biodegradable Plastics Market Revenue, by End-Use, 2015 – 2024 (USD Billion)
16. UK Biodegradable Plastics Market Volume, by Type, 2015 – 2024 (Kilotons)  
17. UK Biodegradable Plastics Market Volume, by End-Use, 2015 – 2024 (Kilotons)  
18. UK Biodegradable Plastics Market Revenue, by Type, 2015 – 2024 (USD Billion)
19. UK Biodegradable Plastics Market Revenue, by End-Use, 2015 – 2024 (USD Billion)
20. France Biodegradable Plastics Market Volume, by Type, 2015 – 2024 (Kilotons)  
21. France Biodegradable Plastics Market Volume, by End-Use, 2015 – 2024 (Kilotons)  
22. France Biodegradable Plastics Market Revenue, by Type, 2015 – 2024 (USD Billion)
23. France Biodegradable Plastics Market Revenue, by End-Use, 2015 – 2024 (USD Billion)
24. Germany Biodegradable Plastics Market Volume, by Type, 2015 – 2024 (Kilotons)  
25. Germany Biodegradable Plastics Market Volume, by End-Use, 2015 – 2024 (Kilotons)  
26. Germany Biodegradable Plastics Market Revenue, by Type, 2015 – 2024 (USD Billion)
27. Germany Biodegradable Plastics Market Revenue, by End-Use, 2015 – 2024 (USD Billion)
28. Asia Pacific Biodegradable Plastics Market Volume, by Type, 2015 – 2024 (Kilotons)  
29. Asia Pacific Biodegradable Plastics Market Volume, by End-Use, 2015 – 2024 (Kilotons)  
30. Asia Pacific Biodegradable Plastics Market Revenue, by Type, 2015 – 2024 (USD Billion)
31. Asia Pacific Biodegradable Plastics Market Revenue, by End-Use, 2015 – 2024 (USD Billion)
32. China Biodegradable Plastics Market Volume, by Type, 2015 – 2024 (Kilotons)  
33. China Biodegradable Plastics Market Volume, by End-Use, 2015 – 2024 (Kilotons)  
34. China Biodegradable Plastics Market Revenue, by Type, 2015 – 2024 (USD Billion)
35. China Biodegradable Plastics Market Revenue, by End-Use, 2015 – 2024 (USD Billion)
36. Japan Biodegradable Plastics Market Volume, by Type, 2015 – 2024 (Kilotons)  
37. Japan Biodegradable Plastics Market Volume, by End-Use, 2015 – 2024 (Kilotons)  
38. Japan Biodegradable Plastics Market Revenue, by Type, 2015 – 2024 (USD Billion)
39. Japan Biodegradable Plastics Market Revenue, by End-Use, 2015 – 2024 (USD Billion)
40. India Biodegradable Plastics Market Volume, by Type, 2015 – 2024 (Kilotons)  
41. India Biodegradable Plastics Market Volume, by End-Use, 2015 – 2024 (Kilotons)  
42. India Biodegradable Plastics Market Revenue, by Type, 2015 – 2024 (USD Billion)
43. India Biodegradable Plastics Market Revenue, by End-Use, 2015 – 2024 (USD Billion)
44. Latin America Biodegradable Plastics Market Volume, by Type, 2015 – 2024 (Kilotons)  
45. Latin America Biodegradable Plastics Market Volume, by End-Use, 2015 – 2024 (Kilotons)  
46. Latin America Biodegradable Plastics Market Revenue, by Type, 2015 – 2024 (USD Billion)
47. Latin America Biodegradable Plastics Market Revenue, by End-Use, 2015 – 2024 (USD Billion)
48. Brazil Biodegradable Plastics Market Volume, by Type, 2015 – 2024 (Kilotons)  
49. Brazil Biodegradable Plastics Market Volume, by End-Use, 2015 – 2024 (Kilotons)  
50. Brazil Biodegradable Plastics Market Revenue, by Type, 2015 – 2024 (USD Billion)
51. Brazil Biodegradable Plastics Market Revenue, by End-Use, 2015 – 2024 (USD Billion)
52. The Middle East & Africa Biodegradable Plastics Market Volume, by Type, 2015 – 2024 (Kilotons)
53. The Middle East & Africa Biodegradable Plastics Market Volume, by End-Use, 2015 – 2024 (Kilotons)
54. The Middle East & Africa Biodegradable Plastics Market Revenue, by Type, 2015 – 2024 (USD Billion)
55. The Middle East & Africa Biodegradable Plastics Market Revenue, by End-Use, 2015 – 2024 (USD Billion)

Methodology

Free Analysis

Biodegradable plastics are made from different natural materials, such as corn starch, corn oil, etc. These biodegradable plastics are majorly made from traditional plastics that are engineered to break down easily. The two major types of biodegradable plastics are OXO-biodegradable plastics and hydro-biodegradable plastics. Both these plastics are degraded via the chemical method.

In the past few years, it has been observed that the demand for packaged food items has increased drastically, which has enhanced the demand for plastics that are easily decomposable to reduce the rising environmental concerns related to plastic usage. Environmental protection is given utmost importance to ensure a sustainable environment in the future. The governments across various regions are laying strict regulations to increase the use of eco-friendly and biodegradable materials. These activities run by the government are among the major factors that are contributing toward the biodegradable plastics market expansion. Moreover, the need for industrial units to fulfill their corporate social responsibility is also driving this market. However, the high costs of biodegradable plastics than that of conventional plastics might be a major restraint for this market. On the other hand, emerging end-user industries of biodegradable plastics analysis is further expected to provide numerous opportunities for the key players working in the global biodegradable plastics market.

Global Biodegradable Plastics Market

The biodegradable plastics market can be fragmented based on type and end-use. Based on type, this market is segmented into PLA, starch blends, PHA, biodegradable polyesters, and others. The end-use segment includes packaging and bags, consumer goods, agriculture and horticulture, textile, and others. The packaging and bags segment is likely to dominate the biodegradable plastics market over the forecast time period. Increase in the demand for the packaged food industry is likely to drive the demand for biodegradable plastics in the upcoming years.

By region, this market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific held the most significant share of the biodegradable plastics market in terms of volume during 2017. This can be attributed due to the growing usage of biodegradable plastics in developing economies, such as China and India. The North American biodegradable plastics market is likely to witness noteworthy growth during the forecast time period.

Some major players operating in the global biodegradable plastics market are NatureWorks, BASF SE, Total Corbion PLA, Mitsubishi Chemical Corporation, Biome Bioplastics, Plantic Technologies, Bio-On, Danimer Scientific, Novamont S.P.A., and Toray Industries, among others.

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