Global Biodegradable Plastic Market Size, Share, and Growth & Trends Analysis Report by Type of Material (Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Starch-based plastics, Polybutylene Succinate (PBS), Polyethylene (PE), Polypropylene (PP), Others); Application (Packaging, Agriculture, Textiles, Consumer Goods, Automotive, Others) By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa): Regional Outlook, Growth Potential and Segments Forecast 2024-2031

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Description

The Global Biodegradable Plastic Market size was USD 5.3 billion in 2023 and it is expected to grow to USD 14.5 billion in 2031 with a CAGR of 14.1% in the 2023-2030 period. 

Global Biodegradable plastic Market: Overview

The biodegradable plastic sector is growing as concerns over disposable plastics rise, driving a shift towards alternatives that are more sustainable. Rising demand across a variety for sectors, including the packaging, farming, and beverages and food, is a major driver of market expansion. Stringent legislative rules aimed at minimising waste made of plastic and promoting sustainability drive uptake. Big companies like as BASF SE, NatureWorks LLC, or Total Corbion PLA have invested major investments in recyclable plastic growth, while governments all through the globe are launching programmes that promote usage. Prominent innovations, like BASF SE’s Ecovio and NatureWorks LLC’s Ingeo, generated from sources of renewable energy, demonstrate the industry’s commitment to sustainable solutions. These achievements highlight the growing importance of biodegradable plastics in combating environmental challenges and satisfying the increasing demand for green goods. These achievements highlight the growing significance of biodegradable plastics for combating ecological issues and satisfying the increasing demand for sustainable goods.

Governments are taking steps to promote the adoption of biodegradable plastics via a variety of evaluates aimed at boosting consumption while minimising harm to the environment. Subsidies, exemptions from taxes, environmentally friendly certification initiatives, procurement strategies, legal requirements, or funding for research and development efforts include numerous examples.

Global Biodegradable plastic Market: Covid-19 Impact

The COVID-19 epidemic has had an enormous effect on the international biodegradable plastic industry. During the shutdowns, major companies were reducing production due to government constraints, but the rising usage of single-use plastics such as face masks or sanitizer containers resulted in an upsurge in plastic trash. Leading players in the sector are using techniques such as geographical growth to improve the bioplastic capacity and productivity. For instance, Total Corbion PLA introduced the first world-scale PLA facility in September 2020, able to produce up to 100,000 tonne yearly. China additionally implemented severe restrictions, notably a ban on non-biodegradable bags in key cities and neighbourhoods by the final year of 2022. These activities will likely increase the trajectory of the biodegradable plastic business.

Global Biodegradable plastic Market: Growth Drivers

  • Environmental Awareness

Rising worries about the environment have led to advances in plastics that decompose. BASF SE will launch its biodegradable bioplastic Ecovio in 2022, made from renewable energy sources. NatureWorks LLC expanded its Ingeo PLA production in Thailand in 2021 to suit Asia’s increasing demand for it. In 2020, Totally Corbion PLA built the world’s biggest PLA plant in the nation of Thailand, demonstrating the business’s dedication to alternative products to minimising the use of plastic.

  • Government Regulations

Governments globally are implementing rigorous rules that minimise waste from plastic and encourage environmentally friendly products. These regulations include a ban on single-use plastics, limits on packaging made from plastic, and incentives for using sustainable alternatives. Such rules create a regulatory structure that promotes the use of biodegradable plastics throughout enterprises.

  • Increasing Consumer Demand

Consumer tastes are evolving towards environmentally friendly and sustainable items. When consumers grow more aware of environmental issues, they are actively looking for goods that reduce their negative environmental impact. Biodegradable materials comply with these ideals, providing an environmentally friendly option for an array of uses such as wrapping, food service products, and goods for consumers.

Global Biodegradable plastic Market: Restraining Factors

  • Cost Competitiveness

Biodegradable materials are sometimes priced higher than typical plastics. This cost gap can be an obstacle to broad acceptance, particularly in price-conscious savings where companies may prioritise lowering expenses over concerns about the environment. However, advances regarding technology and efficiencies of scale are gradually reducing the cost gap.

  • Limited Performance

Biodegradable plastics might not work as well as usual plastics, notably in regards to durability, resistance to heat, as well as barrier traits. This restricts their use for powerful industries like cars and electronics, wherein power and specialised material qualities are important.

Global Biodegradable plastic Market:  Opportunity Factors

  • Innovation in Technology

Biodegradable plastic technology has been developed by ongoing study and development activities. It involves researching novel materials, ingredients, and manufacturing procedures having the goal of boosting efficiency, lowering costs, and expanding application choices, thereby improving biodegradable plastics’ competitive edge in the market.

  • Emerging Markets

Growing ecological awareness and supportive laws in emerging economies create tremendous possibilities for biodegradable plastics. As the economies of these nations grow or urbanise, there is an increasing need for environmentally friendly options, making it easier for recyclable plastics to enter new markets and industries.

Global Biodegradable plastic Market: Challenges

  • Public Perception

Despite the environmental advantages of biodegradable plastics, their their widespread use by customers and companies remains a barrier. Scepticism regarding the efficiency, cost, and end-of-life handling of biodegradable plastics can stymie uptake. Educating customers and fostering trust in the effectiveness and long-term viability of biodegradable plastics is essential to overcome such a challenge.

  • Infrastructure Limitations

Use of recyclable plastics requires adequate facilities for gathering, recycling, and composting. Nevertheless, many locations lack the facilities required for properly handling biodegradable garbage. This includes facilities of decomposing biodegradable plastics as well as separate garbage collection systems. Overcoming these physical restrictions is essential for realising biodegradable polymers’ maximum effectiveness in reducing pollution caused by plastic. 

Global Biodegradable plastic Market: Segmentation

Based on Type of Material: The biodegradable plastic market is segmented into PLA, PHA, starch-based plastics, PBS, PE, PP, and others, reflecting a diverse range of materials catering to various application needs. 

Based on Application: The biodegradable plastic market is categorized by application into packaging, agriculture, textiles, consumer goods, automotive, and other sectors, offering versatile solutions for a wide range of industries and end-user needs. 

Based on Region: The biodegradable plastic market is segmented geographically into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, reflecting regional variations in demand, regulations, and market dynamics. 

Global Biodegradable plastic Market: Regional Insights

  • North America:

The biodegradable plastic business in North America is expanding rapidly, spurred by increasing concerns about the environment and the need for ecologically friendly alternatives for standard polymers. Plastic garbage plays a significant part among the region’s pollution concerns. In 2020, the USA processed over 35.7 million tonnes of urban solid waste materials, with plastics comprising estimated 12.8% of that total. Similarly, Canada collected an estimated 3.3 million tonnes of trash made of plastic in 2019, with just 9 percent being recycled. These results illustrate the immediate need for actions to combat plastic pollution, as well as the rising need for biodegradable plastics as an important part of the proposed solution.

  • Asia Pacific:

Factors driving the swift development in the biodegradable plastic market in Asia Pacific include a greater understanding of plastic’s harmful effects on the environment, initiatives by governments, applications in medicine, demand for packaging that is flexible, advances in technology, regulatory assistance and increased demand from the automobile industry. These drivers work together to expand the regional marketplace.

Global Biodegradable plastic Market: Competitive Landscape

BASF SE, NatureWorks LLC, Total Corbion PLA, Novamont S.p.A., Mitsubishi Chemical Corporation, Biome Bioplastics Limited, Danimer Scientific, Cardia Bioplastics, Futerro, Bio-On S.p.A.

Global Biodegradable plastic Market: Recent Developments

  • BASF and Mingyang’s offshore wind farm in Zhanjiang, China, has received Project Approval, with plans for a 500 MW capacity to be operational by 2025. The joint venture aims to supply renewable electricity to BASF’s Zhanjiang Verbund site. This project supports green transformation and carbon reduction in the chemical industry. The Zhanjiang Verbund site represents BASF’s largest investment, totaling around €10 billion, and will be its third-largest worldwide.
  • NatureWorks is progressing on its new fully integrated Ingeo™️ PLA biopolymer manufacturing facility in Thailand, set for full production by 2025. The plant will have an annual capacity of 75,000 tons, supporting growth in markets like 3D printing and sustainable packaging. Critical equipment, including a melt crystallizer, is now onsite. The company continues to prioritize safety, receiving industry safety awards for its Minnesota and Nebraska facilities.

Table of Content

CHAPTER 1: EXECUTIVE SUMMARY
1.1. Summary
CHAPTER 2: RESEARCH METHODOLOGY
2.1. Research Process
2.2. Primary Research
2.3. Secondary Research
2.4. Market Size Estimation
2.5. Research Methodology
2.6. Analyst Tools/Models/Techniques
2.6.1. Notations
2.7. Market Scope & Segmentation
2.8. Currency & Pricing Considered
CHAPTER 3: MARKET TRENDS
3.1. Introduction
3.2. Drivers
3.2.1. Environmental Awareness
3.3. Restraints
3.3.1. Cost Competitiveness
3.4. Opportunities
3.4.1. Innovation in Technology
3.5. Challenges
3.5.1. Infrastructure Limitations
3.6. Investment Feasibility Analysis
3.7. Latest Trends
CHAPTER 4: MARKET ASSESSMENT
4.1. Porters Five Forces Analysis
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitute
4.1.5. Intensity of Competitive Rivalry
4.2. Value Chain Analysis
4.3. Market Share Analysis
4.4. Impact of Key Regulations on the Market
4.5. SWOT Analysis
4.6. PESTEL Analysis
4.7. Patent Analysis
4.7.1. By Type of Material
4.7.2. By Application
4.8. Roadmap Development
4.9. Market Lineage Outlook
4.9.1. Parent Market Outlook
4.9.2. Ancillary Market Outlook
CHAPTER 5: IMPACT OF RECESSION ON THE MARKET
5.1. Introduction
5.1.1. Short Term Impact
5.1.2. Long Term Impact
CHAPTER 6: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY TYPE OF MATERIAL
6.1. Introduction
6.1.1. Market Size & Forecast
6.1.2. Global Biodegradable Plastic Market Share, By Type of Material -2023 and 2031 (%)
6.2. POLYLACTIC ACID (PLA)
6.2.1. Key market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Regions
6.3. STARCH-BASED PLASTIC
6.3.1. Key market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Regions
6.4. POLYBUTYLENE SUCCINATE (PBS)
6.4.1. Key market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Regions
6.5. POLYETHYLENE (PE)
6.5.1. Key market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Regions
6.6. POLYPROPYLENE (PP)
6.6.1. Key market Trends, Growth Factors, and Opportunities
6.6.2. Market Size and Forecast, by Regions
6.7. OTHERS
6.7.1. Key market Trends, Growth Factors, and Opportunities
6.7.2. Market Size and Forecast, by Regions

CHAPTER 7: GLOBAL BIODEGRADABLE PLASTIC MARKET, BY APPLICATION
7.1. Introduction
7.1.1. Market Size & Forecast
7.1.2. GLOBAL Biodegradable Plastic Market Share, By Application -2023 and 2031 (%)
7.2. PACKAGING
7.2.1. Key market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Regions
7.3. AGRICULTURE
7.3.1. Key market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Regions
7.4. TEXTILE
7.4.1. Key market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Regions
7.5. CONSUMER GOODS
7.5.1. Key market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Regions
7.6. AUTOMOTIVE
7.6.1. Key market Trends, Growth Factors, and Opportunities
7.6.2. Market Size and Forecast, by Regions
7.7. OTHERS
7.7.1. Key market Trends, Growth Factors, and Opportunities
7.7.2. Market Size and Forecast, by Regions
CHAPTER 8: NORTH AMERICA MARKET ANALYSIS
8.1. Introduction
8.2. Biodegradable Plastic Market by Country
8.3. North America Biodegradable Plastic Market by Country, USD Million 2019-2031
8.3.1. Market Size & Forecast, By Type of Material
8.3.2. Market Size & Forecast, By Application
8.4. U.S.
8.4.1. Market Size & Forecast, By Type of Material
8.4.2. Market Size & Forecast, By Application
8.5. Canada
8.5.1. Market Size & Forecast, By Type of Material
8.5.2. Market Size & Forecast, By Application
CHAPTER 9: EUROPE MARKET ANALYSIS
9.1. Introduction
9.2. Biodegradable Plastic Market by Country
9.3. Europe Biodegradable Plastic Market by Country, USD Million 2019-2031
9.3.1. Market Size & Forecast, By Type of Material
9.3.2. Market Size & Forecast, By Application
9.4. Germany
9.4.1. Market Size & Forecast, By Type of Material
9.4.2. Market Size & Forecast, By Application
9.5. France
9.5.1. Market Size & Forecast, By Type of Material
9.5.2. Market Size & Forecast, By Application
9.6. U.K.
9.6.1. Market Size & Forecast, By Type of Material
9.6.2. Market Size & Forecast, By Application
9.7. Italy
9.7.1. Market Size & Forecast, By Type of Material
9.7.2. Market Size & Forecast, By Application
9.8. Spain
9.8.1. Market Size & Forecast, By Type of Material
9.8.2. Market Size & Forecast, By Application
9.9. Benelux
9.9.1. Market Size & Forecast, By Type of Material
9.9.2. Market Size & Forecast, By Application
9.10. Rest of Europe
9.10.1. Market Size & Forecast, By Type of Material
9.10.2. Market Size & Forecast, By Application
CHAPTER 10: ASIA-PACIFIC MARKET ANALYSIS
10.1. Introduction
10.2. Biodegradable Plastic Market by Country
10.3. Asia Pacific Biodegradable Plastic Market by Country, USD Million 2019-2031
10.3.1. Market Size & Forecast, By Type of Material
10.3.2. Market Size & Forecast, By Application
10.4. China
10.4.1. Market Size & Forecast, By Type of Material
10.4.2. Market Size & Forecast, By Application
10.5. India
10.5.1. Market Size & Forecast, By Type of Material
10.5.2. Market Size & Forecast, By Application
10.6. Japan
10.6.1. Market Size & Forecast, By Type of Material
10.6.2. Market Size & Forecast, By Application
10.7. Australia
10.7.1. Market Size & Forecast, By Type of Material
10.7.2. Market Size & Forecast, By Application
10.8. South Korea
10.8.1. Market Size & Forecast, By Type of Material
10.8.2. Market Size & Forecast, By Application
10.9. Souethest Asia
10.9.1. Market Size & Forecast, By Type of Material
10.9.2. Market Size & Forecast, By Application
10.10. Rest of Asia Pacific
10.10.1. Market Size & Forecast, By Type of Material
10.10.2. Market Size & Forecast, By Application
CHAPTER 11: LATIN AMERICA AND THE CARIBBEAN MARKET ANALYSIS
11.1. Introduction
11.2. Biodegradable Plastic Market by Country
11.3. Latin America Biodegradable Plastic Market by Country, USD Million 2019-2031
11.3.1. Market Size & Forecast, By Type of Material
11.3.2. Market Size & Forecast, By Application
11.4. Brazil
11.4.1. Market Size & Forecast, By Type of Material
11.4.2. Market Size & Forecast, By Application
11.5. Mexico
11.5.1. Market Size & Forecast, By Type of Material
11.5.2. Market Size & Forecast, By Application
11.6. Rest of Latin America
11.6.1. Market Size & Forecast, By Type of Material
11.6.2. Market Size & Forecast, By Application
CHAPTER 12: THE MIDDLE EAST AND AFRICA MARKET ANALYSIS
12.1. Introduction
12.2. Biodegradable Plastic Market by Country
12.3. MEA Biodegradable Plastic Market by Country, USD Million 2019-2031
12.3.1. Market Size & Forecast, By Type of Material
12.3.2. Market Size & Forecast, By Application
12.4. South Africa
12.4.1. Market Size & Forecast, By Type of Material
12.4.2. Market Size & Forecast, By Application
12.5. Saudi Arabia
12.5.1. Market Size & Forecast, By Type of Material
12.5.2. Market Size & Forecast, By Application
12.6. UAE
12.6.1. Market Size & Forecast, By Type of Material
12.6.2. Market Size & Forecast, By Application
12.7. Rest of MEA
12.7.1. Market Size & Forecast, By Type of Material
12.7.2. Market Size & Forecast, By Application
CHAPTER 13: COMPETITIVE LANDSCAPE
13.1. Introduction
13.2. Market Player Positioning, 2022
13.3. Company Evaluation Matrix
13.4. Product Mapping of Top 10 Player
13.5. Market Opportunities and Future Trends
13.6. Competitive Heatmap
13.7. Top Winning Growth Strategies
13.7.1. Major Growth Strategies
13.7.2. Expansion
13.7.3. Merger and Acquisition
13.7.4. Other Developments
CHAPTER 14: COMPANY PROFILES
14.1. BASF SE
14.1.1. Company Overview
14.1.2. Key Executives
14.1.3. Financial Overview
14.1.4. Business Componentnalysis
14.1.5. Product Portfolio
14.1.6. Key Strategic Developments
14.2. NATUREWORKS LLC
14.3. TOTAL CORBION PLA
14.4. NOVAMONT S.P.A.
14.5. MITSUBISHI CHEMICAL CORPORATION
14.6. BIOME BIOPLASTICS LIMITED
14.7. DANIMER SCIENTIFIC
14.8. CARDIA BIOPLASTICS
14.9. FUTERRO
14.10. BIO-ON S.P.A
14.11. OTHERS

Tables & Figures

LIST OF TABLES
Table 1. GLOBAL BIODEGRADABLE PLASTIC MARKET INDUSTRY SNAPSHOT, 2022-2031
Table 2. GLOBAL BIODEGRADABLE PLASTIC MARKET SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 3. GLOBAL BIODEGRADABLE PLASTIC MARKET POLYLACTIC ACID (PLA), BY REGION-2019-2031 (USD MILLION)
Table 4. GLOBAL BIODEGRADABLE PLASTIC MARKET POLYHYDROXYALKANOATES (PHA), BY REGION-2019-2031 (USD MILLION)
Table 5. GLOBAL BIODEGRADABLE PLASTIC MARKET STARCH-BASED PLASTICS, BY REGION-2019-2031 (USD MILLION)
Table 6. GLOBAL BIODEGRADABLE PLASTIC MARKET POLYBUTYLENE SUCCINATE, BY REGION-2019-2031 (USD MILLION)
Table 7. GLOBAL BIODEGRADABLE PLASTIC MARKET POLYETHYLENE (PE), BY REGION-2019-2031 (USD MILLION)
Table 8. GLOBAL BIODEGRADABLE PLASTIC MARKET OTHERS BY REGION-2019-2031 (USD MILLION)
Table 9. GLOBAL BIODEGRADABLE PLASTIC MARKET SHARE, By Application SIZE-2019-2031 (USD MILLION)
Table 10. GLOBAL BIODEGRADABLE PLASTIC MARKET PACKAGING, BY REGION-2019-2031 (USD MILLION)
Table 11. GLOBAL BIODEGRADABLE PLASTIC MARKET AGRICULTURE, BY REGION-2019-2031 (USD MILLION)
Table 12. GLOBAL BIODEGRADABLE PLASTIC MARKET TEXTILE, BY REGION-2019-2031 (USD MILLION)
Table 13. GLOBAL BIODEGRADABLE PLASTIC MARKET CONSUMER GOODS, BY REGION-2019-2031 (USD MILLION)
Table 14. GLOBAL BIODEGRADABLE PLASTIC MARKET AUTOMOTIVE, BY REGION-2019-2031 (USD MILLION)
Table 15. GLOBAL BIODEGRADABLE PLASTIC MARKET SHARE, by REGION -2019-2031 (USD MILLION)
Table 16. GLOBAL BIODEGRADABLE PLASTIC MARKET NORTH AMERICA, BY REGION-2019-2031 (USD MILLION)
Table 17. GLOBAL BIODEGRADABLE PLASTIC MARKET ASIA PACIFIC, BY REGION-2019-2031 (USD MILLION)
Table 18. GLOBAL BIODEGRADABLE PLASTIC MARKET EUROPE, BY REGION-2019-2031 (USD MILLION)
Table 19. GLOBAL BIODEGRADABLE PLASTIC MARKET MIDDLE EAST & AFRICA, BY REGION-2019-2031 (USD MILLION)
Table 20. NORTH AMERICA Biodegradable Plastic Market BY COUNTRY, USD MILLION 2019-2031
Table 21. NORTH AMERICA Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 22. NORTH AMERICA Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 23. U.S. Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 24. U.S. Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 25. CANADA Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 26. CANADA Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 27. EUROPE Biodegradable Plastic Market BY COUNTRY, USD MILLION 2019-2031
Table 28. EUROPE Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 29. EUROPE Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 30. GERMANY Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 31. GERMANY Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 32. FRANCE Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 33. FRANCE Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 34. UK Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 35. UK Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 36. ITALY Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 37. ITALY Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 38. SPAIN Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 39. SPAIN Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 40. BENELUX Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 41. BENELUX Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 42. REST OF EUROPE Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 43. REST OF EUROPE Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 44. ASIA PACIFIC Biodegradable Plastic Market BY COUNTRY, USD MILLION 2019-2031
Table 45. ASIA PACIFIC Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 46. ASIA PACIFIC Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 47. CHINA Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 48. CHINA Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 49. INDIA Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 50. INDIA Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 51. JAPAN Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 52. JAPAN Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 53. AUSTRALIA Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 54. AUSTRALIA Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 55. SOUTH KOREA Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 56. SOUTH KOREA Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 57. SOUETHEST ASIA Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 58. SOUETHEST ASIA Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 59. REST OF ASIA PACIFIC Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 60. REST OF ASIA PACIFIC Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 61. LATIN AMERICA Biodegradable Plastic Market BY COUNTRY, USD MILLION 2019-2031
Table 62. LATIN AMERICA Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 63. LATIN AMERICA Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 64. BRAZIL Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 65. BRAZIL Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 66. MEXICO Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 67. MEXICO Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 68. REST OF LATIN AMERICA Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 69. REST OF LATIN AMERICA Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 70. MEA Biodegradable Plastic Market BY COUNTRY, USD MILLION 2019-2031
Table 71. MEA Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 72. MEA Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 73. SOUTH AFRICA Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 74. SOUTH AFRICA Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 75. SAUDI ARABIA Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 76. SAUDI ARABIA Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 77. UAE Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 78. UAE Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 79. REST OF MEA Biodegradable Plastic Market SHARE, By Type of Material -2019-2031 (USD MILLION)
Table 80. REST OF MEA Biodegradable Plastic Market SHARE, By Application -2019-2031 (USD MILLION)
Table 81. KEY EXPANSIONS (2019-2022)
Table 82. KEY MERGERS AND ACQUISITION (2019-2022)
Table 83. OTHER KEY DEVELOPMENTS (2019-2022)

LIST OF FIGURES
Figure 1. REGIONAL ANALYSIS (2022 & 2031)
Figure 2. RESEARCH PROCESS
Figure 3. ANALYSIS FRAMEWORK
Figure 4. IMPACT OF KEY REGULATION ON THE MARKET
Figure 5. SWOT ANALYSIS
Figure 6. GLOBAL BIODEGRADABLE PLASTIC MARKET SHARE, By Type of Material -2023 & 2031 (USD MILLION)
Figure 7. GLOBAL BIODEGRADABLE PLASTIC MARKET , POLYLACTIC ACID (PLA) -2019-2031 (USD MILLION)
Figure 8. GLOBAL BIODEGRADABLE PLASTIC MARKET , POLYHYDROXYALKANOATES (PHA) -2019-2031 (USD MILLION)
Figure 9. GLOBAL BIODEGRADABLE PLASTIC MARKET , STARCH-BASED PLASTICS -2019-2031 (USD MILLION)
Figure 10. GLOBAL BIODEGRADABLE PLASTIC MARKET , POLYBUTYLENE SUCCINATE (PBS) -2019-2031 (USD MILLION)
Figure 11. GLOBAL BIODEGRADABLE PLASTIC MARKET , POLYETHYLENE (PE) -2019-2031 (USD MILLION)
Figure 12. GLOBAL BIODEGRADABLE PLASTIC MARKET , POLYPROPYLENE (PP) -2019-2031 (USD MILLION)
Figure 13. GLOBAL BIODEGRADABLE PLASTIC MARKET , OTHERS -2019-2031 (USD MILLION)
Figure 14. GLOBAL BIODEGRADABLE PLASTIC MARKET SHARE, By Application -2023 & 2031 (USD MILLION)
Figure 15. GLOBAL BIODEGRADABLE PLASTIC MARKET , PACKAGING -2019-2031 (USD MILLION)
Figure 16. GLOBAL BIODEGRADABLE PLASTIC MARKET , AGRICULTURE -2019-2031 (USD MILLION)
Figure 17. GLOBAL BIODEGRADABLE PLASTIC MARKET , TEXTILE -2019-2031 (USD MILLION)
Figure 18. GLOBAL BIODEGRADABLE PLASTIC MARKET , CONSUMER GOODS -2019-2031 (USD MILLION)
Figure 19. GLOBAL BIODEGRADABLE PLASTIC MARKET , AUTOMOTIVE -2019-2031 (USD MILLION)
Figure 20. GLOBAL BIODEGRADABLE PLASTIC MARKET SHARE, by REGION -2023 & 2031 (USD MILLION)
Figure 21. GLOBAL BIODEGRADABLE PLASTIC MARKET , NORTH AMERICA -2019-2031 (USD MILLION)
Figure 22. GLOBAL BIODEGRADABLE PLASTIC MARKET , ASIA PACIFIC -2019-2031 (USD MILLION)
Figure 23. GLOBAL BIODEGRADABLE PLASTIC MARKET , EUROPE -2019-2031 (USD MILLION)
Figure 24. GLOBAL BIODEGRADABLE PLASTIC MARKET , MIDDLE EAST & AFRICA -2019-2031 (USD MILLION)
Figure 25. GLOBAL BIODEGRADABLE PLASTIC MARKET , SOUTH AMERICA -2019-2031 (USD MILLION)
Figure 26. MARKET PLAYER POSITIONING, 2022
Figure 27. COMPANY EVALUATION MATRIX
Figure 28. PRODUCT MAPPING OF TOP 10 PLAYERS
Figure 29. COMPETITIVE HEATMAP OF KEY PLAYERS

Frequently Asked Questions (FAQ):

  • What is the projected growth rate of the global biodegradable plastic market from 2023 to 2031?

    The global biodegradable plastic market is expected to grow at a CAGR of 14.1% from 2023 to 2031.
  • Which sectors are driving the demand for biodegradable plastics?

    The packaging, agriculture, textiles, consumer goods, and automotive sectors are major drivers of demand for biodegradable plastics.
  • What are some key companies investing in biodegradable plastic development?

    Key companies include BASF SE, NatureWorks LLC, Total Corbion PLA, Novamont S.p.A., and Mitsubishi Chemical Corporation.

Buying Options

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