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Biodegradable Plastics Market
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Biodegradable Plastics Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1313004, Published - November 2024

Segmented in Plastic Type (PLA, PHA, PBS, Starch-Based Plastics), Application (Packaging, Agriculture, Textiles, Consumer Goods), End-Use and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2023 – 2033

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Biodegradable Plastics Market Outlook

The demand for Biodegradable Plastics is increasing as industries look for options to traditional plastics in order to lessen their impact on the environment. By 2023 the market had reached a worth of around USD 6.3 billion and It is projected to grow at an annual rate of 18.7% with expectations to hit USD 21 billion by 2030 and USD 49 billion, by 2035. Biodegradable plastics provide friendly solutions and can naturally decompose in specific conditions; they are commonly used across various sectors including packaging, agriculture and textiles.


Sustainability regulations and the growing preference for eco products have led to the rise of biodegradable plastics as a solution to waste management challenges and a way to support a more circular economy approach in our society today. Innovations in polymer production techniques and the creation of biodegradable plastics have made them a practical choice for use, in a wide range of applications.


Market Size Forecast & Key Insights

2018
$6.3B2023
2028
$35.2B2033

Absolute Growth Opportunity = $28.9B

The Biodegradable Plastics market is projected to grow from $6.3 billion in 2023 to $35.2 billion in 2033. This represents a CAGR of 18.7%, reflecting rising demand across Packaging, Textiles and Agriculture.

The Biodegradable Plastics market is set to add $28.9 billion between 2023 and 2033, with manufacturer targeting Agriculture & Textiles Application projected to gain a larger market share.

With Stringent government regulations on plastic waste, and Increasing consumer awareness of sustainability, Biodegradable Plastics market to expand 455% between 2023 and 2033.

Opportunities in the Biodegradable Plastics Market

Development of High-Strength Biodegradable Materials

The progress, in technology allows biodegradable plastics to be used in challenging scenarios.

Rising Interest in Closed-Loop and Circular Economy Models and Increased Use of Biodegradable Plastics in Agriculture

The emphasis on adopting circular economy principles opens up possibilities, for the use of biodegradable plastics.

Biodegradable plastic agricultural films and mulches are gaining traction as a solution to minimize plastic waste in farming practices.

Growth Opportunities in North America and Europe

Europe Outlook

Europe's biodegradable plastics market is established thanks to stringent environmental regulations and efforts to promote a circular economy. The main players in this market such, as Novamont and Total Corbio PLA emphasize offering notch eco friendly solutions that meet regulatory standards.

North America Outlook

In the plastics market, North America takes the forefront due to consumers wanting sustainable products and regulations supporting less plastic waste reduction efforts. Companies such, as BASF and Danimer Scientific are developing solutions to fulfill this rising demand.

North America Outlook

In the plastics market, North America takes the forefront due to consumers wanting sustainable products and regulations supporting less plastic waste reduction efforts. Companies such, as BASF and Danimer Scientific are developing solutions to fulfill this rising demand.

Europe Outlook

Europe's biodegradable plastics market is established thanks to stringent environmental regulations and efforts to promote a circular economy. The main players in this market such, as Novamont and Total Corbio PLA emphasize offering notch eco friendly solutions that meet regulatory standards.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2024–2033

1

Major Markets : United States, Germany, China, Japan, France are expected to grow at 18.0% to 26.2% CAGR

2

Emerging Markets : India, Brazil, South Korea are expected to grow at 14.0% to 19.4% CAGR

Market Analysis Chart

The market for Biodegradable Plastics is influenced by regulations set by authorities and the increasing consumer preference for eco products as well as advancements in polymer processing technology. Although facing obstacles such as costs and performance issues the sector shows promise with opportunities, in circular economy practices and the development of high quality bioplastics.

Recent Developments and Technological Advancement

September 2024

Danimer Scientific introduced a cutting edge PHA material specifically designed for use, in packaging.

June 2024

Corresponding to the increasing demand Total Corbian PLA has extended its PLA manufacturing plant.

March 2024

BASF has launched a resistant biodegradable plastic for agriculture films

Advancements in eco plastics are now geared towards better functionality and increasing production capabilities while also enhancing their ability to decompose naturally in line with worldwide efforts, towards sustainability.

Impact of Industry Transitions on the Biodegradable Plastics Market

As a core segment of the Bio-Based C&M industry, the Biodegradable Plastics market develops in line with broader industry shifts. Over recent years, transitions such as Transition to Bio-Based Alternatives and Expansion of Composting Infrastructure have redefined priorities across the Bio-Based C&M sector, influencing how the Biodegradable Plastics market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Transition to Bio-Based Alternatives:

Transitioning from using plastics derived from petroleum to embracing bio based alternatives contributes positively to objectives.

2

Expansion of Composting Infrastructure:

Investments made in compost facilities enhance the way biodegradable plastics are managed at the end of their lifecycle.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Bio-Based C&M industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Bio-Based C&M industry cascade into the Biodegradable Plastics market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Stringent Government Regulations on Plastic Waste, and Advancements in Biodegradable Polymer Technology

The worldwide rules regarding plastics are also boosting the need, for eco friendly options.
Advancements, in developing biopolymers enhance the effectiveness and longevity of eco plastics.
The increasing focus, on issues is also driving consumers to seek out plastic alternatives that are also more eco friendly.

Restraint: High Production Costs, and Performance Limitations in Certain Applications

Biodegradable plastics typically come with manufacturing expenses compared to traditional plastics.
Certain biodegradable plastics may have restricted strength or durability which can impact their application in industries.

Challenge: Limited Industrial Composting Facilities

The absence of infrastructure, for industrial composting hinders the proper disposal of biodegradable plastics.

Supply Chain Landscape

Polymer Supplier

NatureWorks

Total Corbion PLA

Processing Manufacturer

BASF

Danimer Scientific

Distributor
Avient / Nexeo Solutions
End User
Packaging / Agriculture / Textiles / Consumer Goods
Polymer Supplier

NatureWorks

Total Corbion PLA

Processing Manufacturer

BASF

Danimer Scientific

Distributor

Avient

Nexeo Solutions

End User

Packaging

Agriculture

Textiles

Consumer Goods

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Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Packaging
Food and Beverage
NatureWorks, BASF
High-performance biodegradable materials for sustainable packaging
Agriculture
Farming
Danimer Scientific, Novamont
Biodegradable films and mulch sheets for eco-friendly farming
Textiles
Fashion and Apparel
Total Corbion PLA, Bio-On
Biopolymers for sustainable fabric production
Consumer Goods
Household Products
Cardia Bioplastics, Good Natured Products
Biodegradable plastic solutions for everyday items

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Biodegradable Plastics market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Biodegradable Plastics in Textiles, Packaging and Agriculture

Textiles

Biodegradable materials are becoming more popular in the textile industry for making fabrics. Companies, like Total Corbian PLA and Bio On are working to create biopolymer solutions.

Packaging

Biodegradable plastics play a role in packaging for food and beverages as they comply with regulations and help decrease the impact on the environment. Major suppliers such, as NatureWorks and BASD provide solutions based on PLA and PBS materials.

Agriculture

Biodegradable films and mulch sheets created from PHA and PLA are commonly utilized in agriculture to enhance soil health and minimize pollution with corporations such as Danimer Scientific and Novamont focusing their efforts specifically in the production of eco friendly plastics, for agricultural use.

Biodegradable Plastics vs. Substitutes:
Performance and Positioning Analysis

Although there are options such as recycled plastics out there to choose from biodegradable plastics offer a more environmentally friendly solution with a smaller impact on the environment. The desire, for plastics is still high because of regulations requiring them and consumers choice for sustainable materials.

Biodegradable Plastics
  • Conventional Plastics /
  • Recycled Plastics
    Lower Cost
    Higher Environmental Impact
    More Widely Available
    Limited Biodegradability

Biodegradable Plastics vs. Substitutes:
Performance and Positioning Analysis

Biodegradable Plastics

  • Lower Cost
  • Higher Environmental Impact

Conventional Plastics / Recycled Plastics

  • More Widely Available
  • Limited Biodegradability

Although there are options such as recycled plastics out there to choose from biodegradable plastics offer a more environmentally friendly solution with a smaller impact on the environment. The desire, for plastics is still high because of regulations requiring them and consumers choice for sustainable materials.

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Research Methodology

This market research methodology defines the Biodegradable Plastics market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Bio-Based C&M ecosystem, we analyze Biodegradable Plastics across Packaging, Agriculture, and Textiles Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as NatureWorks, BASF, and Danimer Scientific by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Polymer Supplier, Processing Manufacturer, and Distributor. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Bio-Based C&M revenues to estimate the Biodegradable Plastics segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Polymer Supplier (NatureWorks, Total Corbion PLA), Processing Manufacturer (BASF, Danimer Scientific), and Distributor. Our parallel substitute analysis examines Conventional Plastics and Recycled Plastics, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as NatureWorks, BASF, and Danimer Scientific, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Biodegradable Plastics market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Biodegradable Plastics Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2024USD 7.5 billion
Revenue Forecast in 2033USD 35.2 billion
Growth RateCAGR of 18.7% from 2024 to 2033
Base Year for Estimation2023
Industry Revenue 20236.3 billion
Growth OpportunityUSD 28.9 billion
Historical Data2018 - 2022
Growth Projection / Forecast Period2024 - 2033
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20236.3 billion USD
Market Size 202610.6 billion USD
Market Size 202814.9 billion USD
Market Size 203021.0 billion USD
Market Size 203335.2 billion USD
Market Size 203549.6 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredPlastic Type, Application, End-Use
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledNatureWorks, BASF, Danimer Scientific, Total Corbion PLA, Novamont, Bio-On, Cardia Bioplastics, Good Natured Products, Avient, Nexeo Solutions, Mitsubishi Chemical and FKuR Kunststoff
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Biodegradable Plastics Market Size, Opportunities & Strategic Insights, by Plastic Type

4.1PLA
4.2PHA
4.3PBS
4.4Starch-Based Plastics
Chapter 5

Biodegradable Plastics Market Size, Opportunities & Strategic Insights, by Application

5.1Packaging
5.2Agriculture
5.3Textiles
5.4Consumer Goods
Chapter 6

Biodegradable Plastics Market Size, Opportunities & Strategic Insights, by End-Use

6.1Food Packaging
6.2Agriculture
6.3Textile Industry
6.4Consumer Goods Manufacturing
Chapter 7

Biodegradable Plastics Market, by Region

7.1North America Biodegradable Plastics Market Size, Opportunities, Key Trends & Strategic Insights
7.1.1U.S.
7.1.2Canada
7.2Europe Biodegradable Plastics Market Size, Opportunities, Key Trends & Strategic Insights
7.2.1Germany
7.2.2France
7.2.3UK
7.2.4Italy
7.2.5The Netherlands
7.2.6Rest of EU
7.3Asia Pacific Biodegradable Plastics Market Size, Opportunities, Key Trends & Strategic Insights
7.3.1China
7.3.2Japan
7.3.3South Korea
7.3.4India
7.3.5Australia
7.3.6Thailand
7.3.7Rest of APAC
7.4Middle East & Africa Biodegradable Plastics Market Size, Opportunities, Key Trends & Strategic Insights
7.4.1Saudi Arabia
7.4.2United Arab Emirates
7.4.3South Africa
7.4.4Rest of MEA
7.5Latin America Biodegradable Plastics Market Size, Opportunities, Key Trends & Strategic Insights
7.5.1Brazil
7.5.2Mexico
7.5.3Rest of LA
7.6CIS Biodegradable Plastics Market Size, Opportunities, Key Trends & Strategic Insights
7.6.1Russia
7.6.2Rest of CIS
Chapter 8

Competitive Landscape

8.1Competitive Dashboard & Market Share Analysis
8.2Company Profiles (Overview, Financials, Developments, SWOT)
8.2.1NatureWorks
8.2.2BASF
8.2.3Danimer Scientific
8.2.4Total Corbion PLA
8.2.5Novamont
8.2.6Bio-On
8.2.7Cardia Bioplastics
8.2.8Good Natured Products
8.2.9Avient
8.2.10Nexeo Solutions
8.2.11Mitsubishi Chemical
8.2.12FKuR Kunststoff