Global Biobased Biodegradable Plastic Market Report By Product Type (Polyester, Starch Blends, Poly Lactic Acid (PLA), Cellulose, Polyhydroxyalkanoate (PHA), Other), By Application (Packaging, Fibres, Healthcare, Agriculture, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2022-2030
The global demand for Biobased Biodegradable Plastic Market is presumed to reach the market size of nearly USD 13.22 BN by 2030 from USD 5.64 BN in 2022 with a CAGR of 11.24% under the study period 2023 - 2030.
Biobased biodegradable plastic, also known as bioplastic or bio-based plastic, is a type of plastic material made from renewable biological sources, such as plants, algae, or microorganisms, and is designed to break down naturally in the environment. Unlike traditional plastics derived from fossil fuels (petrochemical-based plastics), these plastics are more environmentally friendly and sustainable.
The biobased biodegradable plastic market is witnessing substantial growth, primarily driven by an evolving global mindset towards sustainability and environmental responsibility. Heightened concerns about plastic pollution and the long-lasting impact of traditional plastics on the environment have fueled the demand for eco-friendly alternatives. Government policies and regulations aimed at curbing single-use plastics and promoting sustainable materials have significantly encouraged the development and adoption of biobased biodegradable plastics. Increasing numbers of environmentally-conscious consumers are actively seeking sustainable products, pushing industries to adopt such plastics, especially in packaging and food service. Many businesses are integrating sustainability into their strategies, adopting biobased biodegradable plastics to showcase their commitment to environmental responsibility. Biobased plastics often have a lower carbon footprint, making them a compelling choice in the context of climate change concerns. These plastics find widespread use in packaging, agriculture, and consumer goods, where their reduced environmental impact and recyclability are highly valued. Ongoing research and technological advancements have led to more versatile and cost-effective biobased biodegradable materials. The growth of industrial composting and waste management infrastructure supports the practicality of biodegradable plastics in end-of-life disposal. These combined factors, along with increasing investment and innovation in the industry, are driving the biobased biodegradable plastic market. As sustainability continues to gain prominence across various sectors, the market for biodegradable plastics is set to expand further.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of biobased biodegradable plastic. The growth and trends of biobased biodegradable plastic industry provide a holistic approach to this study.
This section of the biobased biodegradable plastic market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
Poly Lactic Acid (PLA)
This section covers the regional outlook, which accentuates current and future demand for the Biobased Biodegradable Plastic market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Biobased Biodegradable Plastic Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Biobased Biodegradable Plastic market include BASF SE, Plantic Technologies, Toray Industries, Total Corbion PLA, Natureworks, Biome Bioplastic., Bio-On, Mitsubishi Chemical Corporation, Danimer Scientific, Novamont S.P.A. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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1 . PREFACE
1.1. Report Description
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . BIOBASED BIODEGRADABLE PLASTIC – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Product Type
3.7.2 Market Attractiveness Analysis By Application
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL BIOBASED BIODEGRADABLE PLASTIC MARKET ANALYSIS BY PRODUCT TYPE
5.1 Overview by Product Type
5.2 Historical and Forecast Data
5.3 Analysis by Product Type
5.4 Polyester Historic and Forecast Sales by Regions
5.5 Starch Blends Historic and Forecast Sales by Regions
5.6 Poly Lactic Acid (PLA) Historic and Forecast Sales by Regions
5.7 Cellulose Historic and Forecast Sales by Regions
5.8 Polyhydroxyalkanoate (PHA) Historic and Forecast Sales by Regions
5.9 Other Historic and Forecast Sales by Regions
6 . GLOBAL BIOBASED BIODEGRADABLE PLASTIC MARKET ANALYSIS BY APPLICATION
6.1 Overview by Application
6.2 Historical and Forecast Data
6.3 Analysis by Application
6.4 Packaging Historic and Forecast Sales by Region ...
Frequently Asked Questions (FAQs) about this Report
The Global Biobased Biodegradable Plastic Market size was valued at USD 5.64 BN in 2022.
The Worldwide Biobased Biodegradable Plastic Market growth is estimated to grow by around 11.24% from 2023 to 2030.
The Global Biobased Biodegradable Plastic Market is segmented by Product Type (Polyester, Starch Blends, Poly Lactic Acid (PLA), Cellulose, Polyhydroxyalkanoate (PHA), Other), by Application (Packaging, Fibres, Healthcare, Agriculture, Others).
The leading players in the Global Biobased Biodegradable Plastic Market are BASF SE, Plantic Technologies, Toray Industries, Total Corbion PLA, Natureworks, Biome Bioplastic., Bio-On, Mitsubishi Chemical Corporation, Danimer Scientific, Novamont S.P.A.