Biodegradable Plastic

Biodegradable Plastic Market to Grow Nearly 9.6% through 2027 Biodegradable Plastic Market (By Type: Starch-based, PBS, PLA, PHA, PBAT, and Others; By End-use: Consumer Goods, Agriculture, Packaging, and Others) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027

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[150+ Pages Report] The biodegradable plastic market size in terms of value is projected to reach $ 7.06 billion by 2030 from US$ 3.39 billion in 2020, at a CAGR of 9.6% between 2021 and 2030, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global biodegradable plastic market from 2017 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global biodegradable plastic market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the biodegradable plastic industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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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.

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.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global biodegradable plastic market are as follows:

  • 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.

Market Segmentation

By Type

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

By End-User

  • Consumer Goods
  • Agriculture
  • Packaging
  • Others

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Key Points Covered in Biodegradable Plastic Market Study:

Growth of biodegradable plastic in 2021

Market Estimates and Forecasts (2017-2030)

Brand Share and Market Share Analysis

Key Drivers and Restraints Shaping Market Growth

Segment-wise, Country-wise, and Region-wise Analysis

Competition Mapping and Benchmarking

Recommendation on Key Winning Strategies

COVID-19 Impact on Demand for biodegradable plastic and How to Navigate

Key Product Innovations and Regulatory Climate

Consumption Analysis

Production Analysis

Biodegradable Plastic and Management

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 2021-2030 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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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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