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Biodegradable Plastics Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Biodegradable Plastics
What Is the Current Biodegradable Plastics Market Size and Its Estimated Growth Rate?
The market size for biodegradable plastics has seen significant expansion in the last few years. The market, which was worth $6.79 billion in 2024, is projected to reach $7.97 billion in 2025. This represents a compound annual growth rate (CAGR) of 17.4%. This rapid growth in the historic period can mainly be attributed to heightened environmental awareness, a surge in the use of biodegradable plastic, and the growth of emerging markets.
In the coming years, the biodegradable plastics market is anticipated to experience swift expansion. The market is projected to reach $15.26 billion by 2029, growing at a compound annual growth rate (CAGR) of 17.6%. This growth during the predicted period can be associated with the introduction of new products, heightened environmental consciousness, and government initiatives. The forecast period will likely see trends such as product innovation, the inclusion of antimicrobial technology in biodegradable polymers, the employment of lightweight biodegradable plastics, a rise in mergers and acquisitions, the application of artificial intelligence, and the use of recycled packaging materials.
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How Are Emerging Segments Shaping the Biodegradable Plastics Market Landscape?
The biodegradable plastics market covered in this report is segmented -
1) By Type: Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), PHA (Polyhydroxyalkanoates), Starch Blends, Other Types
2) By End User: Packaging, Agriculture, Consumer Goods, Others
Subsegments:
1) By Polylactic Acid (PLA): Standard PLA, High-Temperature PLA
2) By Polybutylene Adipate Terephthalate (PBAT): Flexible PBAT, Rigid PBAT
3) By Polybutylene Succinate (PBS): Standard PBS, Modified PBS
4) By PHA (Polyhydroxyalkanoates): Medium-Chain Length PHA, Short-Chain Length PHA
5) By Starch Blends: Thermoplastic Starch (TPS), Starch-Based Bioplastics
6) By Other Types: Cellulose-Based Plastics, Protein-Based Plastics, Other Biodegradable Polymers
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Which Growth Factors Are Influencing Biodegradable Plastics Market Expansion?
Consumer interest for eco-friendly goods is predicted to stimulate the biodegradable plastics market's expansion. Eco-friendly goods are those that are conceived, manufactured, and utilized in a manner that lessens their environmental harm, saves resources, and encourages social responsibility throughout their existence, from procurement to discarding. This uptick in consumer interest for environmentally friendly products is fuelled by a heightened consciousness about environmental dilemmas, ethical apprehensions, and a will to decrease carbon emissions and champion earth-friendly methods. Due to their capacity to decompose naturally, thus lowering environmental contamination and lessening the impact on landfills and ecosystems, biodegradable plastics are utilized as environmentally friendly products. In April 2024, for example, a PDI Technologies study of 1,200 US consumers revealed that the proportion of consumers ready to pay more for sustainable products climbed from 68% in 2023 to 80% in 2024. Consequently, increased customer interest for eco-friendly products will help the biodegradable plastics market flourish.
Who Are the Dominant Players Across Different Biodegradable Plastics Market Segments?
Major companies operating in the biodegradable plastics market include BASF SE, Mitsubishi Chemical Holding Corporation, Kaneka Corporation, Novamont SpA, Corbion N.V. (Total Corbion PLA), Eastman Chemical Company, Danimer Scientific, NatureWorks LLC, Biome Technologies plc, Fkur Kunstsoff, BioPak, UFlex, EsselPropack, Balson Industries, Kingfa Sci. & Tech Co. Ltd, GuangDong Huazhilu Biological Material Co. Ltd, Plantic Technologies Limited, Huhtamaki, Greatview Aseptic Packaging, Shanghai PRECISE Packaging Co, Qingdao Likang Packing, Tidetron, CB Material, Red Avenue New Materials, Bio-On, RadiciGroup, Tetra Pak, GOGLIO, Biochemtex, Mondi Group, Gualapack Group, AVANTIUM N.V, SULAPAC, AMSilk GmBH, CARBIOS, Amcor, Sealed Air, Plastic Suppliers, International Paper, Smurfit Kappa, DS Smith, Green Dot Bioplastics, Kruger Inc, Klabin SA, BioBag, Nova Envirocom Inc, Braskem, Biocycle, Minima, Brazilian Plastics, Rotopak LLC, Gulf East Paper and Plastic Industries LLC, Arabian Packaging LLC, Amber Packaging Industries LLC, Diamond Packaging Industries LLC, Corys Packaging LLC, Astrapak Ltd (RPC Group), Nampak Ltd, Mpact Pty Ltd, Bonpak (Pty) Ltd, bioplastics Egypt, Al Ahram Plastic Co.
What Are the Latest Developing Trends in the Biodegradable Plastics Market?
Prominent firms in the biodegradable plastics sector are concentrating on inventing novel solutions, like production conversion technology, for improving the effectiveness and quality of biodegradable plastics. The production conversion technology in this realm allows conventional plastic manufacturing systems to seamlessly create eco-friendly and compostable alternatives without major equipment modifications. In December 2023, for instance, Sulzer, a US-based engineering and manufacturing company, introduced SULAC Technology, a pioneering method for converting lactic acid into lactide- a crucial component for making polylactic acid (PLA), a type of biodegradable plastic. This technology amplifies the efficiency and quality of lactide production, offering PLA manufacturers the opportunity to incorporate new skills into their processes. In line with global sustainability objectives and a rising demand for eco-friendly substances, SULAC Technology bolsters biodegradable plastic production, thereby solidifying Sulzer's leadership in the bioplastics market.
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Which Geographic Regions Are Expected to Dominate the Biodegradable Plastics Market in the Coming Years?
North America was the largest region in the biodegradable plastics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biodegradable plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Biodegradable Plastics Market?
2. What is the CAGR expected in the Biodegradable Plastics Market?
3. What Are the Key Innovations Transforming the Biodegradable Plastics Industry?
4. Which Region Is Leading the Biodegradable Plastics Market?
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