Global Biodegradable Plastics Market (By Type and End User) – Prospective Landscape, Size, Share, Growth, Opportunities and Industry Forecast 2018 – 2025

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Oct – 2019AMR-2027110PDF / Excel

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Growing emphasis on sustainable products to drive the market growth at 5.8% CAGR

Growing environmental concerns about plastic use consisting of toxic pollutants that harm crops, livestock, and humans drive the use of biodegradable plastic options. Floating plastic waste that can survive in water for thousands of years can contribute to market growth as a transport device for aggressive species that disrupts habitats.

Strict regulations by multiple federal and government agencies aimed at reducing plastic waste and promoting the use of biodegradable plastics boost this market’s demand. In packaging industry, green packaging regulations are growing and different FMCG firms are needed to embrace biodegradable packaging in order to meet the requirements that, in turn, drive the development of this industry.

It is anticipated that the market for biodegradable plastics will demonstrate strong development due to the growing customer preference for environmentally friendly products. Technological innovation, sophisticated production procedures and enhanced integration have made it possible for customers to embrace biodegradable packaging.

Packaging segment demand to accelerated global market growth

Packaging & bags is biodegradable plastics’ biggest end-use sector. The two types of biodegradable plastics mainly used in the packaging industry are thermoset plastics (unsaturated polyester resins and soy polyurethanes ) and thermoplastics (PLA, PBS, starch blends, cellulose, and PHA). Packaging products produced from these plastics are primarily used in dried snacks & sweets, fresh food packaging, bakery products, meat trays, and water & juice bottles. Also used as coatings for drinks cups and films & card stock are biodegradable plastics.

In the packaging industry, biodegradable plastics are used extensively as they are environmentally friendly. With rising crude oil prices and petroleum-based plastics problems such as disposal and effective waste management, the idea of using biodegradable plastics as an option in a variety of applications such as FMCG, hospital, is growing manufacturing that drives the industry.

Asia Pacific to remain the fastest growing region

During the forecast era, APAC is anticipated to be the fastest growing market for biodegradable plastics. APAC’s increasing packaging & bags sector has provided important possibilities to grow the region’s biodegradable plastics market. Increasing use of biodegradable plastics in multiple end-use sectors such as packaging & bags, consumer products, agriculture & horticulture, and textiles is driving the APAC market for biodegradable plastics. However, Europe was the biggest biodegradable plastics regional market in 2017. It is estimated that high awareness among individuals about plastic waste combined with a ban on single-use plastics from the European Union will boost the regional market over the forecast period.

The major players present in the global biodegradable plastics market include Major players in the industry include Cargill Incorporated, Biome Technologies Plc, BASF SE, and NatureWorks LLC.among others. Market competition differs from region to region from low to medium. Due to a big amount of players, competition in Europe and North America is medium. Due to fewer industry players, competitive rivalry in Asia Pacific is small on the flip hand. However, in both developed and developing economies, demand for biodegradable plastic is likely to boost.

The biodegradable plastics market was estimated USD 3.01 billion in year 2018 and is projected to register a CAGR of 12.8% during the forecast period. Governments that prohibit the use of single-use plastic in combination with increased public awareness of plastic waste’s ill-effects are among the key trends that stimulate market growth. In addition, it is anticipated that increased use of biodegradable plastics in packaging and agriculture will complement segment growth. Market growth is linked to the growing demand in emerging economies such as India, China, and Brazil for biodegradable plastics in multiple end-use sectors. Also fuelling the industry is the growing adoption by important players of approaches such as fresh product launches and mergers, acquisitions & alliances.

Non-decomposable plastics is a worldwide problem. By prohibiting single-use plastics and encouraging the use of biodegradable plastics, governments around the globe are addressing this issue. In addition, because of their eco-friendly nature, customers are prepared to pay more for biodegradable plastics. Cumulatively, the above-mentioned variables provide the market with a fillip. In addition, not all biodegradable plastics are easily decomposing in the natural setting as they require a particular humidity and temperature environment. Some of the biodegradable plastics during decomposition release greenhouse gases, which is counterproductive to the cause of the environment. These variables are likely to act as stumbling blocks in the market’s upward rise. Despite environmental benefits, there are also some deficiencies in biodegradable plastics. A major drawback is the segregation of standard plastics and biodegradable plastics, as there is no separate distinction between them. The incorporation of standard plastic into biodegradable plastic landfills may cause problems in the process of decomposition.

The biodegradable plastics market can be segmented on the basis of type, end use and geography. On the basis of type, the biodegradable plastics market can be classified into starch based, PLA, PHA, PBAT, PBS. Based on end use, the biodegradable plastics market can be bifurcated into packaging, consumer goods, agriculture. Based on regions, the global biodegradable plastics market is divided into Europe, North America, Asia-Pacific, Middle East & Africa and rest of the world.

PLA is the biodegradable plastics market’s biggest type segment, as it is used in multiple end-use sectors such as packaging & bags and consumer products. PLA is compostable and biodegradable from renewable assets. It is obtained from maize starch (in the United States and Canada), chips, tapioca roots, or starch (mostly in Asia), or sugar cane (in RoW). This makes PLA untoxic and a material that is eco-friendly. It may take up to 1,000 years for plastic products to degrade while PLA materials biodegrade in an industrial composting scheme within 3–6 months. Thermoformed products, namely takeaway food trays, drink cups, planting boxes, and containers, are the main applications of PLA. It has excellent stiffness and enables polystyrene and PET to be replaced in such apps. PLA is being quickly embraced as the production of PLA is more economical than the synthesis of other biodegradable plastics., thereby driving market growth.

Some of the major companies operating in the global market include NatureWorks (US), Total Corbion PLA (Netherlands), BASF (Germany), Biome Bioplastics (UK) and Mitsubishi Chemical Corporation (Japan) are the major players.

Chapter 1.Executive Summary

Chapter 2.Market Introduction

Chapter 3.Global Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025 – Key Industry Dynamics

  • 3.1.Key Market Drivers
  • 3.2.Key Market Restraints
  • 3.3.Market Opportunities
  • 3.4.Future Trends
  • 3.5.Impact Analysis of Drivers and Restraints

Chapter 4.Global Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025

Chapter 5.Global Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025 – By Type

  • 5.1.Starch Based
  • 5.2. PLA
  • 5.3.PHA
  • 5.4.PBAT
  • 5.5.PBS

Chapter 6.Global Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025 – By End User

  • 6.1.Packaging
  • 6.2.Consumer goods
  • 6.3.Agriculture.

Chapter 7.Global Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025 – By Region

  • 7.1.North America
  • 7.2.Europe
  • 7.3.Asia-Pacific
  • 7.4.Latin America
  • 7.5.Middle East & Africa

Chapter 8.North America Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025

  • 8.1.North America Biodegradable Plastics Market – By Type
    • 8.1.1.Starch Based
    • 8.1.2. PLA
    • 8.1.3.PHA
    • 8.1.4.PBAT
    • 8.1.5.PBS
  • 8.2.North America Biodegradable Plastics Market – By Product
    • 8.2.1.Packaging
    • 8.2.2.Consumer goods
    • 8.2.3.Agriculture
  • 8.3.North America Biodegradable Plastics Market – By End User
    • 8.3.1.Food & beverage
    • 8.3.2.Home & personal care
    • 8.3.3.Medical & pharmaceutical
    • 8.3.4.Agriculture
  • 8.4.North America Biodegradable Plastics Market – By Country
    • 8.4.1.U.S.
    • 8.4.2.Canada

Chapter 9.Europe Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025

  • 9.1.Europe Biodegradable Plastics Market – By Type
    • 9.1.1.Starch Based
    • 9.1.2. PLA
    • 9.1.3.PHA
    • 9.1.4.PBAT
    • 9.1.5.PBS
  • 9.2.Europe Biodegradable Plastics Market – By Product
    • 9.2.1.Packaging
    • 9.2.2.Consumer goods
    • 9.2.3.Agriculture
  • 9.3.Europe Biodegradable Plastics Market – By Country
    • 9.3.1.Germany
    • 9.3.2.France
    • 9.3.3.UK
    • 9.3.4.Spain
    • 9.3.5.Italy
    • 9.3.6.Rest of Europe

Chapter 10.Asia-Pacific Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025

  • 10.1.Asia-Pacific Biodegradable Plastics Market – By Type
    • 10.1.1.Starch Based
    • 10.1.2. PLA
    • 10.1.3.PHA
    • 10.1.4.PBAT
    • 10.1.5.PBS
  • 10.2.Asia-Pacific Biodegradable Plastics Market – By Product
    • 10.2.1.Packaging
    • 10.2.2.Consumer goods
    • 10.2.3.Agriculture
  • 10.3.Asia-Pacific Biodegradable Plastics Market – By Country
    • 10.3.1.China
    • 10.3.2.India
    • 10.3.3.Japan
    • 10.3.4.South Korea
    • 10.3.5.Rest of Asia-Pacific

Chapter 11.Latin America Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025

  • 11.1.Latin America Biodegradable Plastics Market – By Type
    • 11.1.1.Starch Based
    • 11.1.2. PLA
    • 11.1.3.PHA
    • 11.1.4.PBAT
    • 11.1.5.PBS
  • 11.2.Latin America Biodegradable Plastics Market – By Product
    • 11.2.1.Packaging
    • 11.2.2.Consumer goods
    • 11.2.3.Agriculture
  • 11.3.Latin America Biodegradable Plastics Market – By Country
    • 11.3.1.Brazil
    • 11.3.2.Mexico
    • 11.3.3.Rest of Latin America

Chapter 12.Middle East & Africa Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025

  • 12.1.Middle East & Africa Biodegradable Plastics Market – By Type
    • 12.1.1.Starch Based
    • 12.1.2. PLA
    • 12.1.3.PHA
    • 12.1.4.PBAT
    • 12.1.5.PBS
  • 12.2.Middle East & Africa Biodegradable Plastics Market – By Product
    • 12.2.1.Packaging
    • 12.2.2.Consumer goods
    • 12.2.3.Agriculture
  • 12.3.Middle East & Africa Biodegradable Plastics Market – By Country
    • 12.3.1.UAE
    • 12.3.2.Saudi Arabia
    • 12.3.3.Turkey
    • 12.3.4.Rest of Middle East & Africa

Chapter 13.Competitive Analysis

  • 13.1.1.Competition Dashboard
  • 13.1.2.Company Profiles
    • 13.1.2.1.NatureWorks LLC
    • 13.1.2.2.Total Corbion PLA
    • 13.1.2.3.BASF SE
    • 13.1.2.4.Cargill Incorporated
    • 13.1.2.5.Biome Technologies Plc
    • 13.1.2.6.Mitsubishi Chemical Corporation
Report Synopsis

Growing emphasis on sustainable products to drive the market growth at 5.8% CAGR

Growing environmental concerns about plastic use consisting of toxic pollutants that harm crops, livestock, and humans drive the use of biodegradable plastic options. Floating plastic waste that can survive in water for thousands of years can contribute to market growth as a transport device for aggressive species that disrupts habitats.

Strict regulations by multiple federal and government agencies aimed at reducing plastic waste and promoting the use of biodegradable plastics boost this market’s demand. In packaging industry, green packaging regulations are growing and different FMCG firms are needed to embrace biodegradable packaging in order to meet the requirements that, in turn, drive the development of this industry.

It is anticipated that the market for biodegradable plastics will demonstrate strong development due to the growing customer preference for environmentally friendly products. Technological innovation, sophisticated production procedures and enhanced integration have made it possible for customers to embrace biodegradable packaging.

Packaging segment demand to accelerated global market growth

Packaging & bags is biodegradable plastics’ biggest end-use sector. The two types of biodegradable plastics mainly used in the packaging industry are thermoset plastics (unsaturated polyester resins and soy polyurethanes ) and thermoplastics (PLA, PBS, starch blends, cellulose, and PHA). Packaging products produced from these plastics are primarily used in dried snacks & sweets, fresh food packaging, bakery products, meat trays, and water & juice bottles. Also used as coatings for drinks cups and films & card stock are biodegradable plastics.

In the packaging industry, biodegradable plastics are used extensively as they are environmentally friendly. With rising crude oil prices and petroleum-based plastics problems such as disposal and effective waste management, the idea of using biodegradable plastics as an option in a variety of applications such as FMCG, hospital, is growing manufacturing that drives the industry.

Asia Pacific to remain the fastest growing region

During the forecast era, APAC is anticipated to be the fastest growing market for biodegradable plastics. APAC’s increasing packaging & bags sector has provided important possibilities to grow the region’s biodegradable plastics market. Increasing use of biodegradable plastics in multiple end-use sectors such as packaging & bags, consumer products, agriculture & horticulture, and textiles is driving the APAC market for biodegradable plastics. However, Europe was the biggest biodegradable plastics regional market in 2017. It is estimated that high awareness among individuals about plastic waste combined with a ban on single-use plastics from the European Union will boost the regional market over the forecast period.

The major players present in the global biodegradable plastics market include Major players in the industry include Cargill Incorporated, Biome Technologies Plc, BASF SE, and NatureWorks LLC.among others. Market competition differs from region to region from low to medium. Due to a big amount of players, competition in Europe and North America is medium. Due to fewer industry players, competitive rivalry in Asia Pacific is small on the flip hand. However, in both developed and developing economies, demand for biodegradable plastic is likely to boost.

Report Description

The biodegradable plastics market was estimated USD 3.01 billion in year 2018 and is projected to register a CAGR of 12.8% during the forecast period. Governments that prohibit the use of single-use plastic in combination with increased public awareness of plastic waste’s ill-effects are among the key trends that stimulate market growth. In addition, it is anticipated that increased use of biodegradable plastics in packaging and agriculture will complement segment growth. Market growth is linked to the growing demand in emerging economies such as India, China, and Brazil for biodegradable plastics in multiple end-use sectors. Also fuelling the industry is the growing adoption by important players of approaches such as fresh product launches and mergers, acquisitions & alliances.

Non-decomposable plastics is a worldwide problem. By prohibiting single-use plastics and encouraging the use of biodegradable plastics, governments around the globe are addressing this issue. In addition, because of their eco-friendly nature, customers are prepared to pay more for biodegradable plastics. Cumulatively, the above-mentioned variables provide the market with a fillip. In addition, not all biodegradable plastics are easily decomposing in the natural setting as they require a particular humidity and temperature environment. Some of the biodegradable plastics during decomposition release greenhouse gases, which is counterproductive to the cause of the environment. These variables are likely to act as stumbling blocks in the market’s upward rise. Despite environmental benefits, there are also some deficiencies in biodegradable plastics. A major drawback is the segregation of standard plastics and biodegradable plastics, as there is no separate distinction between them. The incorporation of standard plastic into biodegradable plastic landfills may cause problems in the process of decomposition.

The biodegradable plastics market can be segmented on the basis of type, end use and geography. On the basis of type, the biodegradable plastics market can be classified into starch based, PLA, PHA, PBAT, PBS. Based on end use, the biodegradable plastics market can be bifurcated into packaging, consumer goods, agriculture. Based on regions, the global biodegradable plastics market is divided into Europe, North America, Asia-Pacific, Middle East & Africa and rest of the world.

PLA is the biodegradable plastics market’s biggest type segment, as it is used in multiple end-use sectors such as packaging & bags and consumer products. PLA is compostable and biodegradable from renewable assets. It is obtained from maize starch (in the United States and Canada), chips, tapioca roots, or starch (mostly in Asia), or sugar cane (in RoW). This makes PLA untoxic and a material that is eco-friendly. It may take up to 1,000 years for plastic products to degrade while PLA materials biodegrade in an industrial composting scheme within 3–6 months. Thermoformed products, namely takeaway food trays, drink cups, planting boxes, and containers, are the main applications of PLA. It has excellent stiffness and enables polystyrene and PET to be replaced in such apps. PLA is being quickly embraced as the production of PLA is more economical than the synthesis of other biodegradable plastics., thereby driving market growth.

Some of the major companies operating in the global market include NatureWorks (US), Total Corbion PLA (Netherlands), BASF (Germany), Biome Bioplastics (UK) and Mitsubishi Chemical Corporation (Japan) are the major players.

Table of Content

Chapter 1.Executive Summary

Chapter 2.Market Introduction

Chapter 3.Global Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025 – Key Industry Dynamics

  • 3.1.Key Market Drivers
  • 3.2.Key Market Restraints
  • 3.3.Market Opportunities
  • 3.4.Future Trends
  • 3.5.Impact Analysis of Drivers and Restraints

Chapter 4.Global Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025

Chapter 5.Global Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025 – By Type

  • 5.1.Starch Based
  • 5.2. PLA
  • 5.3.PHA
  • 5.4.PBAT
  • 5.5.PBS

Chapter 6.Global Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025 – By End User

  • 6.1.Packaging
  • 6.2.Consumer goods
  • 6.3.Agriculture.

Chapter 7.Global Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025 – By Region

  • 7.1.North America
  • 7.2.Europe
  • 7.3.Asia-Pacific
  • 7.4.Latin America
  • 7.5.Middle East & Africa

Chapter 8.North America Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025

  • 8.1.North America Biodegradable Plastics Market – By Type
    • 8.1.1.Starch Based
    • 8.1.2. PLA
    • 8.1.3.PHA
    • 8.1.4.PBAT
    • 8.1.5.PBS
  • 8.2.North America Biodegradable Plastics Market – By Product
    • 8.2.1.Packaging
    • 8.2.2.Consumer goods
    • 8.2.3.Agriculture
  • 8.3.North America Biodegradable Plastics Market – By End User
    • 8.3.1.Food & beverage
    • 8.3.2.Home & personal care
    • 8.3.3.Medical & pharmaceutical
    • 8.3.4.Agriculture
  • 8.4.North America Biodegradable Plastics Market – By Country
    • 8.4.1.U.S.
    • 8.4.2.Canada

Chapter 9.Europe Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025

  • 9.1.Europe Biodegradable Plastics Market – By Type
    • 9.1.1.Starch Based
    • 9.1.2. PLA
    • 9.1.3.PHA
    • 9.1.4.PBAT
    • 9.1.5.PBS
  • 9.2.Europe Biodegradable Plastics Market – By Product
    • 9.2.1.Packaging
    • 9.2.2.Consumer goods
    • 9.2.3.Agriculture
  • 9.3.Europe Biodegradable Plastics Market – By Country
    • 9.3.1.Germany
    • 9.3.2.France
    • 9.3.3.UK
    • 9.3.4.Spain
    • 9.3.5.Italy
    • 9.3.6.Rest of Europe

Chapter 10.Asia-Pacific Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025

  • 10.1.Asia-Pacific Biodegradable Plastics Market – By Type
    • 10.1.1.Starch Based
    • 10.1.2. PLA
    • 10.1.3.PHA
    • 10.1.4.PBAT
    • 10.1.5.PBS
  • 10.2.Asia-Pacific Biodegradable Plastics Market – By Product
    • 10.2.1.Packaging
    • 10.2.2.Consumer goods
    • 10.2.3.Agriculture
  • 10.3.Asia-Pacific Biodegradable Plastics Market – By Country
    • 10.3.1.China
    • 10.3.2.India
    • 10.3.3.Japan
    • 10.3.4.South Korea
    • 10.3.5.Rest of Asia-Pacific

Chapter 11.Latin America Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025

  • 11.1.Latin America Biodegradable Plastics Market – By Type
    • 11.1.1.Starch Based
    • 11.1.2. PLA
    • 11.1.3.PHA
    • 11.1.4.PBAT
    • 11.1.5.PBS
  • 11.2.Latin America Biodegradable Plastics Market – By Product
    • 11.2.1.Packaging
    • 11.2.2.Consumer goods
    • 11.2.3.Agriculture
  • 11.3.Latin America Biodegradable Plastics Market – By Country
    • 11.3.1.Brazil
    • 11.3.2.Mexico
    • 11.3.3.Rest of Latin America

Chapter 12.Middle East & Africa Biodegradable Plastics Market – Analysis and Revenue Forecast 2018-2025

  • 12.1.Middle East & Africa Biodegradable Plastics Market – By Type
    • 12.1.1.Starch Based
    • 12.1.2. PLA
    • 12.1.3.PHA
    • 12.1.4.PBAT
    • 12.1.5.PBS
  • 12.2.Middle East & Africa Biodegradable Plastics Market – By Product
    • 12.2.1.Packaging
    • 12.2.2.Consumer goods
    • 12.2.3.Agriculture
  • 12.3.Middle East & Africa Biodegradable Plastics Market – By Country
    • 12.3.1.UAE
    • 12.3.2.Saudi Arabia
    • 12.3.3.Turkey
    • 12.3.4.Rest of Middle East & Africa

Chapter 13.Competitive Analysis

  • 13.1.1.Competition Dashboard
  • 13.1.2.Company Profiles
    • 13.1.2.1.NatureWorks LLC
    • 13.1.2.2.Total Corbion PLA
    • 13.1.2.3.BASF SE
    • 13.1.2.4.Cargill Incorporated
    • 13.1.2.5.Biome Technologies Plc
    • 13.1.2.6.Mitsubishi Chemical Corporation
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