Materials & Chemicals Market Research News

New study: CAGR of 21.3%, Biodegradable Plastic Market is booming worldwide

Materials and Chemicals

Key Players | BASF SE, DowDuPont Inc, Novamont S.p.A., Plantic, Natureworks

The research study provides market introduction, BIODEGRADABLE PLASTIC market definition, regional market scope, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, BIODEGRADABLE PLASTIC market size forecast, 100+ market data, Tables, Pie Chart, Graphs and Figures, and many more for business intelligence.

The global biodegradable plastic market was valued at $1.2 billion in 2018, and is projected to reach $6.0 billion by 2026, growing at a CAGR of 21.3% from 2019 to 2026.

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 In the BIODEGRADABLE PLASTIC Market, some of the major companies are:

BASF SE, DowDuPont Inc, Novamont S.p.A., Plantic, Natureworks, Corbion N.V., Biome Technologies plc, Eastman Chemical Company, and Danimer Scientific.

The report consists of various chapters and company profiling is a major among them. Company profiling garners business intelligence and track key elements of a business, such as:

  • Company Background
  • Product Categories
  • Competitive Landscape
  • Financial Results (Subject to availability)
  • Media Monitoring
  • Customized Section


The global biodegradable plastic market was valued at $1.2 billion in 2018, and is projected to reach $6.0 billion by 2026, growing at a CAGR of 21.3% from 2019 to 2026.

Biodegradable plastic is a plant based plastic with no hazardous effects on the environment. It composed of petrochemical, renewable material, and micro-organisms.

The idea of biodegradable plastic reveals little or no degradation of plastic material over the period, causing least hazards to environment. Hence, plastic that is defined as biodegradable is made of molecule that can break down naturally by the action of micro-organisms.

Some of the major known types of the biodegradable plastic includes, Poly(lactic Acid (PLA), Polybutylene adipate terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), and Starch Blends.

The global biodegradable plastic market is in introductory phase of industry life cycle and is expected to explore new growth opportunities during the coming years. Some of the basic factors driving the demand for biodegradable plastic include governmental initiatives to eliminate single use plastic and strict regulatory outlook against the use of conventional plastic products.

Industry trends are shifting toward bio based products to reduce dependence on conventional plastics. Biobased and biodegradable plastic is least toxic and causes no adverse effects environments.

Hence, its demand is on the rise at significant pace. Moreover, most of manufacturers from each industry vertical are shifting toward use of biobased plastic due to pressure from regulatory bodies.

Packaging textile, and agriculture industries are being some of them. Such factors are largely impacting the growth of the global biodegradable market.

On the other hand, the growth of the market is restrained by high cost of biodegradable plastic over its conventional counterparts. Growth opportunities in this market are promising which is projected to come from concept like corporate social responsibility and decreased dependence on synthetic resources.
The global biodegradable plastic market is segmented on the basis of type, application, and region. Based on type, the market is bifurcated into includes (Poly(lactic Acid) (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), Starch Blends, and others.

On the basis of application, the global biodegradable plastic market is categorized into packaging, agriculture, textile, consumer durable and others. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

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The Global BIODEGRADABLE PLASTIC Market is segmented into various sub-groups to understand the market scenario in detail, the market segmentation are as follows:

- By Type
- Starch Blends
- Others

- By Application
- Packaging
- Agriculture
- Consumer Durable
- Textile
- Others

Other Report Highlights
• Competitive Landscape - Sales, Market Share, Geographical Presence, Business Segments
• Product Benchmarking.
• Market Dynamics – Drivers and Restraints.
• Market Trends.
• Porter Five Forces Analysis.
• SWOT Analysis.

Furthermore, the years considered for the study are as follows:

Historical year – 2013-2017

Base year – 2018

Forecast period** – 2019 to 2025 [** unless otherwise stated]

Regional split of the Global BIODEGRADABLE PLASTIC Market research report is as follows:

The market research study offers in-depth regional analysis along with the current market scenarios. The major regions analyzed in the study are:

  • Americas
  • Europe
  • Middle East & Africa
  • Asia Pacific

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Questions answered in the BIODEGRADABLE PLASTIC market research report:

    2. What is the global BIODEGRADABLE PLASTIC market size?
    3. What are the market driving factors behind the global BIODEGRADABLE PLASTIC market?
    4. What are the market trends and forecast for the global BIODEGRADABLE PLASTIC market?
    5. What are the global trends and forecasts based on market research and analysis of global BIODEGRADABLE PLASTIC market segmentation by product?
    6. What are the global trends and forecasts based on market research and analysis of global BIODEGRADABLE PLASTIC market segmentation by connectivity technology?
    7. What are the global trends and forecasts based on market research and analysis of global BIODEGRADABLE PLASTIC market segmentation by application?
    8. What are the global trends and forecasts based on market research and analysis of global BIODEGRADABLE PLASTIC market segmentation by geography?
    9. Which are the major global BIODEGRADABLE PLASTIC manufacturers?
    10. Which are the major global BIODEGRADABLE PLASTIC companies?
    Note: This table of contents is part of a published report. As per client requirement, cross-sectional analysis across all industries or specific geography or 'country-based' analysis can be provided as a part of paid customization. 

Key highlights and important features of the Report:

Overview and highlights of product and application segments of the global BIODEGRADABLE PLASTIC Market are provided. Highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.

Explore about Sales data of key players of the global BIODEGRADABLE PLASTIC Market as well as some useful information on their business. It talks about the gross margin, price, revenue, products, and their specifications, type, applications, competitors, manufacturing base, and the main business of key players operating in the BIODEGRADABLE PLASTIC Market.

Explore about gross margin, sales, revenue, production, market share, CAGR, and market size by region.

Describe BIODEGRADABLE PLASTIC Market Findings and Conclusion, Appendix, methodology and data source;

Research Methodology:

We identify the major drivers and restraints for every region (North America, Latin America, Europe, Asia Pacific, & Middle East) of any particular market with a weightage value of how it is impacting the market. For each driver and restraint, we provide weightage in short term, medium term, and long term.

Here the driver acts as a pull factor and restraint as a push factor.

Primary Research
Key players in the market are identified through review of secondary sources such as industry whitepapers, annual reports, published reports by credible agencies, financial reports and published interviews of Key Opinion Leaders (KOLs) from leading companies. During the primary interviews, KOLs also suggested some producers that are included under the initial scope of the study.

We further refined company profile section by adding suggested producers by KOLs. KOLs include Chief Executive Officer (CEO), general managers, vice presidents, sales directors, market executives, R&D directors, product managers, procurement managers, export managers.

During the research process, all the major stakeholders across the value chain are contacted for conducting primary interviews.

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There are 15 Chapters to display the Global BIODEGRADABLE PLASTIC Market:

Chapter 1, to describe Definition, Specifications and Classification of Global BIODEGRADABLE PLASTIC, Applications of , Market Segment by Regions; 
Chapter 2, to analyze the Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure; 
Chapter 3, to display the Technical Data and Manufacturing Plants Analysis of , Capacity and Commercial Production Date, Manufacturing Plants Distribution, Export & Import, R&D Status and Technology Source, Raw Materials Sources Analysis; 
Chapter 4, to show the Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment); 
Chapter 5 and 6, to show the Regional Market Analysis that includes United States, EU, Japan, China, India & Southeast Asia, Segment Market Analysis (by Type); 
Chapter 7 and 8, to explore the Market Analysis by Application Major Manufacturers Analysis; 
Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type, Market Trend by Application; 
Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis; 
Chapter 11, to analyze the Consumers Analysis of Global BIODEGRADABLE PLASTIC by region, type and application; 
Chapter 12, to describe BIODEGRADABLE PLASTIC Research Findings and Conclusion, Appendix, methodology and data source; 
Chapter 13, 14 and 15, to describe BIODEGRADABLE PLASTIC sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source. 

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