The biodegradable plastics market is expanding rapidly due to increasing regulations aimed at reducing plastic waste and promoting environmental sustainability. The food packaging and agricultural sectors are key drivers of demand. Technological advancements in biopolymers like PLA and PHA are improving performance and application range. Consumer awareness and preferences for eco-friendly alternatives are accelerating market growth. Industries such as textiles, automotive, and consumer goods are also exploring biodegradable plastic solutions to meet sustainability goals.
According to the research report, the global biodegradable plasticss market was valued at USD 4.16 billion in 2021 and is expected to reach USD 9.55 billion by 2030, to grow at a CAGR of 9.8% during the forecast period.
Key Market Trends:
Biodegradable Plastics
- Increasing government regulations to reduce plastic waste and promote sustainability.
- Rising consumer preference for eco-friendly and compostable packaging solutions.
- Growth in demand from the food packaging and agriculture sectors.
- Advancements in biopolymer technologies, such as PLA and PHA, for improved performance.
- Expanding applications in industries like textiles, automotive, and consumer goods.
Key Companies in Biodegradable Plastic Market:
- Amcor Limited
- BASF
- BioGreen
- Biome Bioplastics
- Cardia Bioplastics Ltd.
- Cargill Incorporated
- Cereplast Inc.
- Danimer Scientific
- Eastman Chemical Company
- Mitsubishi Chemical Holding Corporation
- NatureWorks
- Novamont
- Plantic Technologies
- Toray Industries
- Trineso
Growth Factors:
• Market dynamics:All the key factors and major developments anticipated to boost the growth of the market are covered in the study.
• Technological evolution:The report offers a thorough understanding of the emerging technologies that can influence the Biodegradable Plastic market demand.
• Innovation pathways: The study covers where innovations can take the market in the mid to long term.
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The Geographical Analysis Covers Following Key Regions:
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and the rest of South America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
Biodegradable Plastic Market Segmentation:
Biodegradable plastics are segmented by type, application, and region. Types include polylactic acid (PLA), polyhydroxyalkanoates (PHA), and starch-based plastics, with PLA dominating due to cost-efficiency. Applications include packaging, agriculture, textiles, and consumer goods, with packaging being the largest segment. Regions such as Europe and North America lead the market due to stringent environmental regulations, while Asia-Pacific shows rapid growth driven by industrialization.
Biodegradable Plastics Market, Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Polylactic Acid [PLA]
- Polybutylene Succinate [PBS]
- Starch Blends
- Polybutylene Adipate Terephthalate [PBAT]
- Polyhydroxyalkanoates [PHA]
- Others
Biodegradable Plastics Market, End-Use Industry Outlook (Revenue – USD Billion, 2018 – 2030)
- Packaging
- Textile
- Consumer Goods
- Agriculture
- Others
Biodegradable Plastic Industry Developments:
In February 2022, Bioplastics International introduced water-soluble PVA, designed as an alternative to traditional plastics. This material is ideal for manufacturing water-soluble PVA bags and packaging films. Its biodegradability, biocompatibility, and non-toxicity make it suitable for healthcare applications, including drug delivery systems, artificial organs, wound management, and contact lenses.
In January 2022, TerraVerdae Bioworks Inc. acquired PolyFerm Canada to enhance its PHA technology portfolio. This acquisition allows the company to develop advanced biodegradable bioplastic products, addressing the growing demand for sustainable alternatives in the biodegradable plastics market.
Also in January 2022, Vikas Ecotech Limited announced an investment in eco-friendly BioPlastics (PHA) technology. The company is collaborating with Aurapha Private Ltd. to manufacture biodegradable plastics using renewable resources, further contributing to the development of sustainable bioplastics.
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