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Pulished Date February, 2020
ID: 7676
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Biodegradable Plastics Market - By Type (Polylactic Acid, Polyhydroxyalkanoates, Polybutylene Succinate, Polycaprolactone, Starch-based, Regenerated Cellulose), By Application (Packaging, Textile, Agriculture, Injection Moulding, Others (Including Electronic, Medical, Etc.) & By Region (North America, Latin Ameria, Europe, Asia Pacific, Middle East & Africa) - Global Industry Analysis, Share, Size, Trends, Growth & Forecast | 2020 – 2025

Pulished: February, 2020
ID: 7676
Pages: 175

Biodegradable Plastics Market Size, Share & Trends (2020 - 2025)

The size and share of the Biodegradable Plastics Market size were about USD 11.9 Billion in 2020. It is expected to rise at a CAGR of 10.60% to reach USD 19.8 Billion by 2025.

Plastics that break down in nature by the activity of microorganisms are known as biodegradable plastics. Halfway crude materials, for example, polylactic corrosive, polyhydroxyalkanoates, polybutylene succinate (PBS), polycaprolactone (PCL), starch, and recovered cellulose are utilized to produce biodegradable plastics. Manufacture of biodegradable plastics involves fermentation of sugar to deliver polylactic corrosive (PLA) or polyhydroxyalkanoates (PHA), which is then changed over into biodegradable plastics. Biodegradable plastics require appropriate natural conditions to function effectively.

The biodegradable plastics market is expected to witness much faster growth in comparison to the plastics bundling market. The biodegradable plastics market is a moderately new market anyway; it has to first catch the current pace of the non-biodegradable plastic bundling market. The food packaging and beverage packaging market is relied upon to provide a significant push in driving the general worldwide biodegradable packaging market. Be that as it may, the absence of government initiatives, particularly in the developed nations is relied upon to control the development of the market.

 Recent Developments

  • The European Union has funded a new project that is anticipated to bring developed bio-based plastic solutions to the area, offering viable substitutes to single-use plastics. SEALIVE will combine its advanced bioplastic solutions with cutting-edge processing technology to create sustainable business models for its usage.

  • On 11 December 2019, the European Commission (EC) has published the much-awaited Communication on the European Green Deal that highlights the latest ambitions of EU leadership on climate and sustainability.

Drivers & Restraints in the Biodegradable Plastics Market 

The global biodegradable plastics market is a moderately latest business anyway, and it has to catch the present speed of the non-biodegradable plastic bundling market. The food packaging and beverage package market have relied upon the offer a significant push in driving the global biodegradable packaging market. Be that as it may, the absence is relied upon to control the development of the market. The biodegradable nature of plastics is estimated to be significant factors driving the target market over the forecasted horizon. The rise in awareness about eco-friendly products and strict regulations relating to the usage of traditional plastics is supposed to drive the global biodegradable plastics market. The notable factors for market growth are the major initiatives taken by many governments to use biodegradable plastics over traditional plastics. 

The rise in stringent rules on the employment of single utilized plastic and favorable government policies pertaining to the employment of bio-based plastic is driving the employment of biodegradable plastics. Replacement of traditional plastics by these plastics in food packaging like boxes, wraps, cups, plates is gaining momentum that is supporting the expansion of the biodegradable plastics market. Increasing employment in food packaging & compostable bags applications and the center of governments on green procurement policies are some of the factors driving the overall market expansion. 

The price of producing biodegradable plastics is much more than conventional plastics, which is restraining the market. High price issues related to biodegradable plastic control the expansion of the market and similar factors can challenge the overall market expansion in the years to come. Rising competitiveness of mulch films over films made from conventional plastics is one of the recent biodegradable plastic market trends seen in past years. The division of traditional plastics and biodegradable plastic is a significant drawback as there is no distinct variation between them. The inclusion of conventional plastic in biodegradable plastic landfills can cause complications in the decomposition procedure.

Opportunities in the Biodegradable Plastics Market 

The biodegradable plastics market is estimated to showcase a much quicker expansion in comparison to the plastics bundling market. Fluctuating prices in crude oil can be a significant opportunity for the manufacturer to shift to biodegradable plastics over petroleum-based conventional plastics. The growing use of biodegradable plastics in packaging and horticulture is estimated to improve the advancement of the sector.

Challenges in the Biodegradable Plastics Market 

Higher cost-effectiveness and lack of technology can be significant challenges to many manufacturers but can be overcome with technological advancement. Furthermore, not all biodegradable plastics highly decompose in the natural environment, as they need a particular situation on the basis of moisture and temperature. Some of the biodegradable plastics release greenhouse gases during decomposition that is counterproductive to the environmental cause. These factors are probable to act as stumbling stones in the upward climb of the market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

10.60%

Segments Covered

By Application, Type, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Mitsubishi Chemical Corporation, Biome Bioplastics, BIO-ON, Nature Works LLC, FKuR, Corbion, BASF SE, Plantic, and Natur -Tec India Private Limited

 

 Biodegradable Plastics Market

Biodegradable Plastics Market segmentation & sub-segmentation as per the research report until 2025.

Biodegradable Plastics Market – By Type

  • Polyhydroxyalkanoates
  • Polybutylene Succinate
  • Polycaprolactone
  • Starch-based
  • Regenerated Cellulose

Biodegradable Plastics Market – By Application

  • Packaging
  • Textile
  • Agriculture
  • Injection Moulding

Packaging and agribusiness applications held a noteworthy offer of biodegradable plastics market in 2020. The packaging section contains food packaging, beverage packaging, and modern packaging. Biodegradable plastics are increasingly being utilized in the agribusiness Industry.

Biodegradable Plastics Market – By Region

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East & Africa

In view of the region, the Biodegradable Plastics market has been fragmented into Asia-Pacific, North America, Europe, the Middle East, and Africa, and South America. The European market is leading the market by size and the Asia-Pacific Biodegradable market is anticipated to develop at the most elevated CAGR amid the conjecture time frame, inferable from the expanding interest.

Europe's biodegradable plastics market has been studied in the nations of Russia, Spain, France, Germany, the Uk, and Italy. Europe registered the highest portion of biodegradable plastics worldwide, holding more than 30% share of the overall revenue, which is foreseen to continue in 2025. The high expansion in the area is mainly due to the stringent implementation of environmental rules that prohibit the employment of petroleum-based plastics in a single employment application. The Central & South America region is also growing as a rising destination in the market. The availability of cheap raw materials is probable to boost well for the market in the area. The region is estimated to showcase a CAGR of 12.8% during the foreseen period.

Major companies plying their trade in the Biodegradable Plastics Market include Mitsubishi Chemical Corporation, Biome Bioplastics, BIO-ON, Nature Works LLC, FKuR, Corbion, BASF SE, Plantic, and Natur -Tec India Private Limited.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Polylactic Acid        

                                5.1.3 Polyhydroxyalkanoates     

                                5.1.4 Polybutylene Succinate     

                                5.1.5 Polycaprolactone 

                                5.1.6 Starch-based          

                                5.1.7 Regenerated Cellulose      

                                5.1.8  Y-o-Y Growth Analysis, By Type    

                                5.1.9  Market Attractiveness Analysis, By Type  

                                5.1.10  Market Share Analysis, By Type  

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Packaging                

                                5.2.3 Textile       

                                5.2.4 Agriculture              

                                5.2.5 Other Application 

                                5.2.6 Y-o-Y Growth Analysis, By Application         

                                5.2.7 Market Attractiveness Analysis, By Application       

                                5.2.8 Market Share Analysis, By                

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.3 By Type

                                                6.1.3.4 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.3 By Type

                                                6.1.4.4 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.3 By Type

                                                6.1.5.4 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Mitsubishi Chemical Corporation                      

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Biome Bioplastics                     

                8.3 BIO-ON                        

                8.4 Nature Works LLC                    

                8.5 FKuR                              

                8.6 Corbion                        

                8.7 BASF SE                        

                8.8 Plantic                           

                8.9 Natur -Tec India Private Limited                        

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of Type, by  Application along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

                                                                                                                          

  1. Global Biodegradable Plastics Market By Region, From 2020-2025 ( USD Billion )

  2. Global Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  3. Global Polylactic Acid  Market By Region, From 2020-2025 ( USD Billion )

  4. Global Polyhydroxyalkanoates Market By Region, From 2020-2025 ( USD Billion )

  5. Global Polybutylene Succinate Market By Region, From 2020-2025 ( USD Billion )

  6. Global Polycaprolactone Market By Region, From 2020-2025 ( USD Billion )

  7. Global Starch-based Market By Region, From 2020-2025 ( USD Billion )

  8. Global Regenerated Cellulose Market By Region, From 2020-2025 ( USD Billion )

  9. Global Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  10. Global Packaging  Market By Region, From 2020-2025 ( USD Billion )

  11. Global  Textile Market By Region, From 2020-2025 ( USD Billion )

  12. Global Agriculture Market By Region, From 2020-2025 ( USD Billion )

  13. Global Injection Molding Market By Region, From 2020-2025 ( USD Billion )

  14. Global Other Applications Market By Region, From 2020-2025 ( USD Billion )

  15. North America Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  16. North America Polylactic Acid  Market By Region, From 2020-2025 ( USD Billion )

  17. North America Polyhydroxyalkanoates Market By Region, From 2020-2025 ( USD Billion )

  18. North America Polybutylene Succinate Market By Region, From 2020-2025 ( USD Billion )

  19. North America Polycaprolactone Market By Region, From 2020-2025 ( USD Billion )

  20. North America Starch-based Market By Region, From 2020-2025 ( USD Billion )

  21. North America Regenerated Cellulose Market By Region, From 2020-2025 ( USD Billion )

  22. North America Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  23. North America Packaging  Market By Region, From 2020-2025 ( USD Billion )

  24. North America  Textile Market By Region, From 2020-2025 ( USD Billion )

  25. North America Agriculture Market By Region, From 2020-2025 ( USD Billion )

  26. North America Injection Molding Market By Region, From 2020-2025 ( USD Billion )

  27. North America Other Applications Market By Region, From 2020-2025 ( USD Billion )

  28. United States Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  29. United States Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  30. Canada Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  31. Canada Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  32. Europe Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  33. Europe Polylactic Acid  Market By Region, From 2020-2025 ( USD Billion )

  34. Europe Polyhydroxyalkanoates Market By Region, From 2020-2025 ( USD Billion )

  35. Europe Polybutylene Succinate Market By Region, From 2020-2025 ( USD Billion )

  36. Europe Polycaprolactone Market By Region, From 2020-2025 ( USD Billion )

  37. Europe Starch-based Market By Region, From 2020-2025 ( USD Billion )

  38. Europe Regenerated Cellulose Market By Region, From 2020-2025 ( USD Billion )

  39. Europe Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  40. Europe Packaging  Market By Region, From 2020-2025 ( USD Billion )

  41. Europe  Textile Market By Region, From 2020-2025 ( USD Billion )

  42. Europe Agriculture Market By Region, From 2020-2025 ( USD Billion )

  43. Europe Injection Molding Market By Region, From 2020-2025 ( USD Billion )

  44. Europe Other Applications Market By Region, From 2020-2025 ( USD Billion )

  45. U.K. Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  46. U.K. Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  47. Germany Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  48. Germany Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  49. France Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  50. France Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  51. Italy Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  52. Italy Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  53. Spain Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  54. Spain Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  55. Asia Pacific Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  56. Asia Pacific Polylactic Acid  Market By Region, From 2020-2025 ( USD Billion )

  57. Asia Pacific Polyhydroxyalkanoates Market By Region, From 2020-2025 ( USD Billion )

  58. Asia Pacific Polybutylene Succinate Market By Region, From 2020-2025 ( USD Billion )

  59. Asia Pacific Polycaprolactone Market By Region, From 2020-2025 ( USD Billion )

  60. Asia Pacific Starch-based Market By Region, From 2020-2025 ( USD Billion )

  61. Asia Pacific Regenerated Cellulose Market By Region, From 2020-2025 ( USD Billion )

  62. Asia Pacific Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  63. Asia Pacific Packaging  Market By Region, From 2020-2025 ( USD Billion )

  64. Asia Pacific  Textile Market By Region, From 2020-2025 ( USD Billion )

  65. Asia Pacific Agriculture Market By Region, From 2020-2025 ( USD Billion )

  66. Asia Pacific Injection Molding Market By Region, From 2020-2025 ( USD Billion )

  67. Asia Pacific Other Applications Market By Region, From 2020-2025 ( USD Billion )

  68. Japan Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  69. Japan Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  70. China Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  71. China Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  72. India Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  73. India Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  74. Australia Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  75. Australia Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  76. South Korea Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  77. South Korea Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  78. Latin America Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  79. Latin America Polylactic Acid  Market By Region, From 2020-2025 ( USD Billion )

  80. Latin America Polyhydroxyalkanoates Market By Region, From 2020-2025 ( USD Billion )

  81. Latin America Polybutylene Succinate Market By Region, From 2020-2025 ( USD Billion )

  82. Latin America Polycaprolactone Market By Region, From 2020-2025 ( USD Billion )

  83. Latin America Starch-based Market By Region, From 2020-2025 ( USD Billion )

  84. Latin America Regenerated Cellulose Market By Region, From 2020-2025 ( USD Billion )

  85. Latin America Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  86. Latin America Packaging  Market By Region, From 2020-2025 ( USD Billion )

  87. Latin America  Textile Market By Region, From 2020-2025 ( USD Billion )

  88. Latin America Agriculture Market By Region, From 2020-2025 ( USD Billion )

  89. Latin America Injection Molding Market By Region, From 2020-2025 ( USD Billion )

  90. Latin America Other Applications Market By Region, From 2020-2025 ( USD Billion )

  91. Brazil Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  92. Brazil Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  93. Argentina Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  94. Argentina Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  95. Mexico Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  96. Mexico Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  97. Columbia Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  98. Columbia Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  99. Chile Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  100. Chile Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  101. Middle East and Africa Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  102. Middle East and Africa Polylactic Acid  Market By Region, From 2020-2025 ( USD Billion )

  103. Middle East and Africa Polyhydroxyalkanoates Market By Region, From 2020-2025 ( USD Billion )

  104. Middle East and Africa Polybutylene Succinate Market By Region, From 2020-2025 ( USD Billion )

  105. Middle East and Africa Polycaprolactone Market By Region, From 2020-2025 ( USD Billion )

  106. Middle East and Africa Starch-based Market By Region, From 2020-2025 ( USD Billion )

  107. Middle East and Africa Regenerated Cellulose Market By Region, From 2020-2025 ( USD Billion )

  108. Middle East and Africa Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  109. Middle East and Africa Packaging  Market By Region, From 2020-2025 ( USD Billion )

  110. Middle East and Africa  Textile Market By Region, From 2020-2025 ( USD Billion )

  111. Middle East and Africa Agriculture Market By Region, From 2020-2025 ( USD Billion )

  112. Middle East and Africa Injection Molding Market By Region, From 2020-2025 ( USD Billion )

  113. Middle East and Africa Other Applications Market By Region, From 2020-2025 ( USD Billion )

  114. Middle East Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  115. Middle East Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

  116. Africa Biodegradable Plastics Market By Type, From 2020-2025 ( USD Billion )

  117. Africa Biodegradable Plastics Market By Application, From 2020-2025 ( USD Billion )

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