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Biodegradable Plastic Market Size, Share, Growth and Manufacture Development Analysis by 2021-2027

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The global Biodegradable Plastic market size is expected to surpass around US$ 7.06 billion by 2027 and the market is expected to garner growth at a CAGR of 9.6% over the forecast period 2021 to 2027.

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Growth Factors

As per the Plastic Oceans Organization, total production capacity of plastics per year is more than 300 Million Tons out of which 50% is single-use plastics. In addition, more than 8 Million tons of plastics are dumped into the oceans every year that causes water as well as environment pollution. Apart from its disadvantages, the proliferation of plastic materials is extraordinary in the last few decades. To overcome this problem, biodegradable plastics are the alternate solution. Their environment-friendly nature due to which governments of various regions support the adoption of bio-plastics expected to drive the market growth. Beside the fact that biodegradable plastics are in their introductory phase exhibits lucrative growth over the analysis period and expected to dominate the total plastics manufactured per year.

Market Report Scope

Report Highlights Details
Market Size USD 7.06 Billion by 2027
Growth Rate CAGR of 9.6% from 2021 to 2027
Largest Market Europe
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Biodegradable Plastic market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Biodegradable Plastic market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Biodegradable Plastic. The study also provides the dynamics that are responsible for influencing the future status of the Biodegradable Plastic market over the forecast period.

A detailed assessment of the Biodegradable Plastic market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Biodegradable Plastic market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • In 2019, Europe is the front-runner in terms of revenue owing to increasing consumer awareness for the use of bio-based products.
  • The Asia Pacific exhibits lucrative growth over the forecast period due to large consumer base and escalating growth of agriculture and food & beverage industry in the region.
  • Starch-based plastics are predicted to dominate the global market for both revenue and volume and garnered nearly 10.5% of growth rate in terms of revenue during the forecast period.
  • Polyhydroxyalkanoate (PHA) is the fastest growing segment by type over the forecast period due to its increasing application in medical and other sectors.
  • Packaging is the global leader in the end-use segment due to the shifting consumer trend from synthetic to bio-based products.
  • Agriculture end-use segment witnesses the fastest growth in the global market because of increasing application of biodegradable mulch films in the agriculture application.

Regional Snapshots

Europe garnered the major revenue share in the global biodegradable plastic market in the year 2019. Banned on the usage of single-use plastics by the government of Europe stimulates the demand of bio-based plastics in the region. Further, the government also strongly supports the bio-economy and the transitions of low-carbon in the environment that gain contribute as the prime factors to flourish the market growth in the region. Textile, packaging, and agricultural sectors of the region exhibit prominent rise in the demand of biodegradable plastics in the recent past.

On the contrary, the Asia Pacific encountered as the most opportunistic region in the global biodegradable plastic market during the analysis period. Flourishing demand of consumer goods and agricultural products in the region are the prime factors that drive the market growth. Large population has significantly stimulated the growth of packaging sector. Further, the availability of agricultural land in the region is insufficient to meet the rising demand of food. In the wake of same, consumers are shifting rapidly towards the packaged food that triggers the market growth of biodegradable plastics.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • Biome Technologies plc
  • Mitsubishi Chemical Corporation
  • BASF SE
  • Plantic Technologies Limited
  • Yield10 Bioscience, Inc.
  • Corbion
  • Eastman Chemical Company
  • Dow Inc.
  • NatureWorks LLC
  • Danimer Scientific
  • Toray Industries, Inc.
  • p.A.
  • TianAn Biologic Materials Co., Ltd.

Segments Covered in the Report

By Type

  • Starch-based
  • PBS
  • PLA
  • PHA
  • PBAT
  • Others

By End-User

  • Consumer Goods
  • Agriculture
  • Packaging
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Why should you invest in this report?

If you are aiming to enter the global Biodegradable Plastic market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Biodegradable Plastic are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Biodegradable Plastic Market, By Type

7.1. Biodegradable Plastic Market, by Type, 2020-2027
7.1.1. Starch-based
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. PBS
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. PLA
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. PLA
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. PBAT
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Others
7.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Biodegradable Plastic Market, By End-User

8.1. Biodegradable Plastic Market, by End-User, 2020-2027
8.1.1. Consumer Goods
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Agriculture
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Packaging
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Biodegradable Plastic Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Type (2016-2027)
9.1.2. Market Revenue and Forecast, by End-User (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Type (2016-2027)
9.1.3.2. Market Revenue and Forecast, by End-User (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Type (2016-2027)
9.1.4.2. Market Revenue and Forecast, by End-User (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Type (2016-2027)
9.2.2. Market Revenue and Forecast, by End-User (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Type (2016-2027)
9.2.3.2. Market Revenue and Forecast, by End-User (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Type (2016-2027)
9.2.4.2. Market Revenue and Forecast, by End-User (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Type (2016-2027)
9.2.5.2. Market Revenue and Forecast, by End-User (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Type (2016-2027)
9.2.6.2. Market Revenue and Forecast, by End-User (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Type (2016-2027)
9.3.2. Market Revenue and Forecast, by End-User (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Type (2016-2027)
9.3.3.2. Market Revenue and Forecast, by End-User (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Type (2016-2027)
9.3.4.2. Market Revenue and Forecast, by End-User (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Type (2016-2027)
9.3.5.2. Market Revenue and Forecast, by End-User (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Type (2016-2027)
9.3.6.2. Market Revenue and Forecast, by End-User (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Type (2016-2027)
9.4.2. Market Revenue and Forecast, by End-User (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Type (2016-2027)
9.4.3.2. Market Revenue and Forecast, by End-User (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Type (2016-2027)
9.4.4.2. Market Revenue and Forecast, by End-User (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Type (2016-2027)
9.4.5.2. Market Revenue and Forecast, by End-User (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Type (2016-2027)
9.4.6.2. Market Revenue and Forecast, by End-User (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Type (2016-2027)
9.5.2. Market Revenue and Forecast, by End-User (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Type (2016-2027)
9.5.3.2. Market Revenue and Forecast, by End-User (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Type (2016-2027)
9.5.4.2. Market Revenue and Forecast, by End-User (2016-2027)

Chapter 10. Company Profiles

10.1. Biome Technologies plc
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Mitsubishi Chemical Corporation
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. BASF SE
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Plantic Technologies Limited
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Yield10 Bioscience, Inc.
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Corbion
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Eastman Chemical Company
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Dow Inc.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. NatureWorks LLC
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Danimer Scientific
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
10.11. Toray Industries, Inc.
10.11.1. Company Overview
10.11.2. Product Offerings
10.11.3. Financial Performance
10.11.4. Recent Initiatives
10.12. p.A.
10.12.1. Company Overview
10.12.2. Product Offerings
10.12.3. Financial Performance
10.12.4. Recent Initiatives
10.13. TianAn Biologic Materials Co., Ltd.
10.13.1. Company Overview
10.13.2. Product Offerings
10.13.3. Financial Performance
10.13.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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Janet Edward

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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