Biodegradable Plastics
Biodegradable Plastics Market by Material Type (Cellulose-Based Plastics, Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA)), Source (Marine-Based, Plant-Based, Waste-Based), Decomposition Technique, Production Processes, Product Type, Distribution Channel, Application - Global Forecast 2025-2030
SKU
MRR-437D459577ED
Region
Global
Publication Date
November 2024
Delivery
Immediate
2023
USD 7.12 billion
2024
USD 8.02 billion
2030
USD 16.85 billion
CAGR
13.09%
360iResearch Analyst Ketan Rohom
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The Biodegradable Plastics Market size was estimated at USD 7.12 billion in 2023 and expected to reach USD 8.02 billion in 2024, at a CAGR 13.09% to reach USD 16.85 billion by 2030.

Biodegradable Plastics Market
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Biodegradable plastics, made from renewable biomass sources like corn starch and sugarcane, are designed to decompose naturally, reducing environmental pollution. Their necessity stems from growing environmental concerns and stricter regulations on traditional plastic waste. They are pivotal in packaging, agriculture, textiles, and medical applications, offering sustainable alternatives for single-use plastics. Major end-use industries include food and beverage, healthcare, agriculture, and consumer goods. Market growth is chiefly driven by rising environmental awareness, government incentives, and technological advancements in biodegradable polymer development. The escalating demand for sustainable packaging solutions amidst increasing global waste problems also propels market progress. Recent innovations, such as improved tensile strength and a broader temperature range for these materials, present lucrative opportunities for manufacturers. Additionally, expanding applications in agriculture and medical implants represent untapped potential for businesses. However, challenges include high production costs, limited material properties compared to conventional plastics, and inadequate industrial composting facilities. These factors, coupled with the lack of consumer awareness, pose significant barriers. For robust market expansion, promoting consumer education regarding the benefits and utility of biodegradable plastics is crucial. Investment in research to enhance material properties and reduce production costs is essential for gaining competitive advantage. Strategic partnerships with governments and waste management companies can ensure better industrial composting infrastructure, further facilitating market growth. Innovation should focus on creating cost-competitive alternatives to existing plastics and exploring bio-composite formulations for enhanced performance. The market shows dynamic growth potential but requires cohesive efforts between manufacturers, governments, and consumers to realize its full capability. A strategic focus on innovation and sustainability presents a promising path for penetrating new applications and fortifying market presence amid evolving environmental norms.

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Market Dynamics

The market dynamics represent an ever-changing landscape of the Biodegradable Plastics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Rising eco-conscious consumers driving the demand for biodegradable plastics across sectors
    • Government policies and environmental regulations shaping the biodegradable plastics industry
  • Market Restraints
    • High production costs impacting the adoption of biodegradable plastics
  • Market Opportunities
    • Investment opportunities in biodegradable plastics startups
    • Collaboration between academia and industry for research and development
  • Market Challenges
    • Inadequate infrastructure for waste management

Market Segmentation Analysis

  • Material Type: Emerging applications of polyhydroxyalkanoates in biomedical, such as sutures and drug delivery systems

    Cellulose-based plastics are witnessing increased demand due to their robust mechanical properties and biodegradability, appealing predominantly to sectors focused on packaging and consumer goods. Major manufacturers are strengthening their production capacities and engaging in strategic collaborations to enhance their cellulose product offerings, which is evident in their recent acquisitions and investments aimed at scaling up production facilities. Polybutylene succinate (PBS), known for its excellent biodegradability and heat resistance, is gaining traction in the agriculture and textile industries. Companies are expanding their portfolio and investing heavily in R&D to leverage the potential of PBS in niche applications, particularly in agricultural films and packaging. Polyhydroxyalkanoates (PHA), hailed for its complete biodegradability and compatibility with biological systems, is attracting considerable attention from the medical and healthcare sectors for use in biomedical applications such as sutures and drug delivery systems. Biopolymer producers are pioneering advancements in PHA technology, which include recent breakthroughs in increasing production efficiency and scalability. Crucial partnerships between these companies and stakeholders in the healthcare industry are a testament to the innovative solutions being explored. Meanwhile, polylactic acid (PLA) continues to dominate the biodegradable plastics market segment, driven by its versatility, ease of processing, and sustainability credentials. Major players are further cementing their global presence through significant capacity expansions and collaborations with global packaging and beverage companies to integrate PLA into mainstream packaging solutions, thereby accelerating its commercialization. Starch-based plastics are primarily utilized for the production of films and packaging solutions where cost-effectiveness and a lower environmental footprint are prioritized. These materials see substantial application in compostable bags and packaging films, with companies enhancing product performance through technological innovations and improved supply chain efficiencies. The recent launch of composite blends that enhance the durability and functional properties of starch-based alternatives has sparked renewed interest across multiple industries. A comprehensive analysis of recent developments highlights a trend toward integrating digital technologies and AI-driven insights into production and supply chain processes to significantly boost efficiency and sustainability credentials across the board. As the biodegradables market gains momentum, emerging applications such as 3D printing, automotive components, and consumer electronics packaging are surfacing across the material spectrum. PHA and PLA, in particular, are showing promise in these applications due to their mechanical properties and ease of processing, aligning with the growing demand for eco-friendly plastic alternatives in industrial applications.

  • Source: Significant utilization of plant-based plastics packaging and consumer goods

    Plant-based biodegradable plastics have a major market share due to their proven effectiveness in replacing conventional plastics in applications such as packaging, consumer goods, and agriculture. Manufacturers in this segment, through continuous innovation and commercialization efforts, ensure a steady supply of polylactic acid (PLA) and other plant-derived polymers. Recent developments include advancements in optimizing the production process to lower costs and reduce carbon footprints. In contrast, marine-based plastics, though relatively nascent, are gaining momentum as researchers and companies focus on algae-derived polymers, prioritizing biodegradability in marine environments where plastic pollution is a critical concern. Companies are spearheading initiatives to enhance the functionality and scalability of these materials, with recent news highlighting partnerships with research institutions to unlock the full potential of marine-based sources. Waste-based biodegradable plastics represent an innovative segment that leverages waste materials, such as agricultural residues and post-consumer plastics, to produce biodegradable solutions. Companies focus on conversion technologies that transform waste into polyhydroxyalkanoates (PHAs) and other biodegradable polymers. Their activities include forming strategic alliances with waste management firms to secure consistent feedstock supply and validating the commercial viability of this approach while addressing waste management issues. The comparative analysis reveals that plant-based plastics hold the lead in commercial maturity, but marine-based and waste-based plastics are gaining traction due to heightened consumer awareness of marine ecosystems and circular economy principles. One emerging application, particularly in the marine-based category, is in the production of biodegradable fishing gear and coatings that dissolve harmlessly in saline environments, preventing the long-term problem of ghost nets and microplastics.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Biodegradable Plastics Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

PESTLE Analysis

The PESTLE analysis offers a comprehensive tool for understanding and analyzing the external macro-environmental factors that impact businesses within the Biodegradable Plastics Market. This framework examines Political, Economic, Social, Technological, Legal, and Environmental factors, providing companies with insights into how these elements influence their operations and strategic decisions. By using PESTLE analysis, businesses can identify potential opportunities and threats in the market, adapt to changes in the external environment, and make informed decisions that align with current and future conditions. This analysis helps companies anticipate shifts in regulation, consumer behavior, technology, and economic conditions, allowing them to better navigate risks and capitalize on emerging trends.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Biodegradable Plastics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Biodegradable Plastics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Recent Developments

  • UP Los Baños develops rapid decomposing biodegradable plastics using bacteria

    The University of the Philippines Los Baños, funded by the Department of Science and Technology, has developed biodegradable plastics using bacteria, specifically Polyhydroxyalkanoates (PHAs) that decompose in a month. This innovation addresses environmental impacts caused by the 9.5 billion tons of petroleum-based plastics produced annually. [Published On: November 04, 2024]

  • Finland's Fortum launches biodegradable plastics from CO2 emissions

    Fortum Recycling & Waste in Finland has pioneered the production of biodegradable plastic using CO2 emissions from waste incineration. This innovative use of carbon capture and utilization (CCU) offers a sustainable alternative to fossil-based plastics and supports the circular economy. By transforming otherwise non-recyclable waste into reusable materials, the Carbon2x program aims to capture and convert up to 90% of the CO2 emissions. [Published On: October 15, 2024]

  • Balrampur Chini Mills invests in sustainable future with 2026 bioplastic production launch

    Balrampur Chini Mills plans to invest USD 23 thousand in a bioplastic production plant, operational by 2026, aiming to comprise over 50% of their product mix by 2027-28. This move responds to India's heavy plastic consumption and impending phase-out of single-use plastics, positioning the company to reduce plastic imports by leveraging abundant biomass resources with an initial 75,000-tonne capacity. [Published On: October 03, 2024]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Biodegradable Plastics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Biodegradable Plastics Market, highlighting leading vendors and their innovative profiles. These include Armando Álvarez S.A., BASF SE, BEWI ASA, Biome Technologies PLC, BioSphere Plastic LLC, Braskem S.A., Cardia Bioplastics, CHUKOH CHEMICAL INDUSTRIES, LTD., Clondalkin Group, Danimer Scientific, Inc., Eastman Chemical Company, EcoBharat, FKuR Kunststoff GmbH, Futamura Group, Futerro SA, Green Dot Bioplastics Inc., Kingfa Sci & Tec Co, Kuraray Co., Ltd., MAIP SRL, NatureWorks LLC, Ningbo Tianan Biomaterials Co., Ltd., Northern Technologies International Corporation, Polymateria Limited, PTT MCC Biochem Co., Ltd., Shimadzu Corporation, Toray Industries Inc., TotalEnergies Corbion BV, Trinseo PLC, and Versalis SpA.

Market Segmentation & Coverage

This research report categorizes the Biodegradable Plastics Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Material Type
    • Cellulose-Based Plastics
    • Polybutylene Succinate (PBS)
    • Polyhydroxyalkanoates (PHA)
    • Polylactic Acid (PLA)
    • Starch-Based Plastics
  • Source
    • Marine-Based
    • Plant-Based
    • Waste-Based
  • Decomposition Technique
    • Aerobic Decomposition
    • Anaerobic Decomposition
    • Composting
  • Production Processes
    • Extrusion
    • Molding
    • Thermoforming
  • Product Type
    • Films
    • Sheets
  • Distribution Channel
    • Offline
    • Online
  • Application
    • Agriculture & Horticulture
      • Greenhouse Coverings
      • Mulch Films
    • Building & Construction
      • Insulation Materials
      • Plasterboard
    • Consumer Goods
      • Household Products
      • Textiles
    • Healthcare
      • Drug Delivery Systems
      • Medical Devices
    • Packaging
      • Flexible Packaging
      • Rigid Packaging
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Biodegradable Plastics Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Biodegradable Plastics Market, by Material Type
  7. Biodegradable Plastics Market, by Source
  8. Biodegradable Plastics Market, by Decomposition Technique
  9. Biodegradable Plastics Market, by Production Processes
  10. Biodegradable Plastics Market, by Product Type
  11. Biodegradable Plastics Market, by Distribution Channel
  12. Biodegradable Plastics Market, by Application
  13. Americas Biodegradable Plastics Market
  14. Asia-Pacific Biodegradable Plastics Market
  15. Europe, Middle East & Africa Biodegradable Plastics Market
  16. Competitive Landscape
  17. List of Figures [Total: 31]
  18. List of Tables [Total: 549 ]
  19. List of Companies Mentioned [Total: 29]
Frequently Asked Questions
  1. How big is the Biodegradable Plastics Market?
    Ans. The Global Biodegradable Plastics Market size was estimated at USD 7.12 billion in 2023 and expected to reach USD 8.02 billion in 2024.
  2. What is the Biodegradable Plastics Market growth?
    Ans. The Global Biodegradable Plastics Market to grow USD 16.85 billion by 2030, at a CAGR of 13.09%
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