Latin America Biodegradable Plastics Size, Share, Trends, & Growth Forecast Report By Type, Application, and Region (Brazil, Mexico, Argentina, Chile & Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2025 to 2033
Latin America Biodegradable Plastics Market Size
The Latin America Biodegradable Plastics market size was valued at USD 3.43 billion in 2024, and the market size is expected to reach USD 7.32 billion by 2033 from USD 3.73 billion in 2025. The market is growing at a CAGR of 8.8% during the forecast period.
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. The manufacture of biodegradable plastics involves the 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 are relied upon to provide a significant push in driving the general biodegradable packaging market. Be that as it may, the absence of government initiatives, particularly in developed nations is relied upon to control the development of the market.
MARKET SEGMENTATION
This Research Report on Latin America biodegradable plastics market is segmented and sub segmented into following categories
By Type
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Polylactic Acid
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Polyhydroxyalkanoates
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Polybutylene Succinate
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Polycaprolactone
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Starch-based
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Regenerated Cellulose.
By Application
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Packaging
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Textile
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Agriculture
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Injection Moulding
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Others
By Country
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Brazil
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Chile
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Mexico
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Argentina
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Columbia
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