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.
The report covers forecasts and analyses 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, and secondary, and primary research teams of industry experts.
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-user 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 the global biodegradable plastics market as follows:
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