openPR Logo
Press release

Biodegradable Plastics Market - Global Industry Analysis 2023

01-09-2017 07:10 AM CET | Energy & Environment

Press release from: TMR – Research Reports

Global Biodegradable Plastics Market

Global Biodegradable Plastics Market

The global biodegradable plastics market is fairly concentrated, especially in North America and Europe. In 2014, 33% out of the total market volume were reserved by three companies, namely BASE SE, Corbion, and NatureWorks LLC. Due to the high price sensitivity of raw materials and production process, diverse pricing strategies are expected to be adopted by prominent players, which will keep the degree of competition to a moderate level. The key players are also likely to engage in exclusive agreements, strategic acquisitions and mergers, and joint ventures in order to enhance their share and serve a diverse range of industries.

According to the recent study by Transparency Market Research, the segments of electronics and medical will catch the attention of biodegradable plastics manufacturers around the world in a next few years. The global market for biodegradable plastics was valued at US$7.6 bn in 2014, and rising at a healthy CAGR of 9.9% during the forecast period of 2015–2023, the valuation is anticipated to reach US$17.7 bn by the end of 2023.

Get PDF Brochure for more Professional and Technical industry insights:

Packaging Sector Dominates Demand

In terms of volume, packaging was the most prominent segment of the global biodegradable plastics market in 2014, accounting for 59.1% of the shares. The segment is likely to continue its dominance during the forecast period due to legislative regulations and consumer pressure toward environment-friendly materials. Agriculture is likely to be another lucrative application segment of the biodegradable plastics market in the near future, as these plastics help in maintaining the productivity of the soil. Other applications of biodegradable plastics include electronic and medical sectors.

Geographically, the global market for biodegradable plastics is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. By volume, North America dominated the demand for biodegradable plastics with the U.S. leading in the country-wise market. The trend is likely to continue during the forecast period due to governmental regulations in the region. The biodegradable plastics market in the country is projected to experience above-average growth during the forecast period owing to rising awareness toward eco-friendly materials in the region. Asia Pacific market for biodegradable plastics is also projected for a healthy growth rate during the forecast period, with China leading the country-wide market in the region.

Stringent Regulations Driving Demand

Increasing consumer pressure and stringent regulations pertaining to the ban on conventional petroleum-based plastics are driving the global demand for biodegradable plastics. These norms are remarkably stringent in Europe, North America, and countries in Eurozone. One of the major factors boosting this market is the initiative taken up by several governments to use biodegradable plastics to overcome the challenges of disposing conventional plastics. On April 29, 2015, the European Parliament and the council amended Directive 94/62/EC with regards to reduction of consumption of lightweight plastic carrier bags. This has further led to increase in the consumption of biodegradable plastics. An ordinance has also been passed in the U.S. to ban checkout bags by retail stores. This has fueled the biodegradable plastics market in the North America. Conversely, the requirement of ideal biodegradable environmental conditions such as appropriate micro-organisms, temperature, and humidity are seen as a restraining factor for the growth rate.

According to the author of the report, “price fluctuation of petrochemicals for petro-based plastics has become an opportunity for biobased biodegradable plastics. Biobased plastics are prepared from naturally occurring materials such as cellulore, starch, and oil. These materials are easily available at low cost. Researchers are working with biodegradable plastics manufacturers in order to adopt the newly-developed technique for manufacturing biodegradable plastics from natural materials.”
The information presented in this review is based on a Transparency Market Research report, titled, “Biodegradable Plastics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.


Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Biodegradable Plastics Market - Global Industry Analysis 2023 here

News-ID: 407821 • Views: 303

More Releases from TMR – Research Reports

Power Line Communication Market to Present Highly Lucrative Opportunities for Ma …
Power Line Communication (PLC) is an emerging communication technology which enables data exchange over existing power cables. It uses power grids to communicate between two end-points. PLC technology allow users to control or retrieve data in a half-duplex manner. Furthermore, in this communication method, sender modulates the data, and injects in power cables which can be retrieved by de-modulation at the receiving end. PLC technology is widely used for home
Wood Coatings Market - Roof coatings to Register High Demand | 2025
The global wood coatings market is choc-o-bloc with players and this has served to intensify the competition over the years. Product differentiation is a key tool leveraged by players to steal a march over their competitors. Key factors promoting growth in the market are the soaring construction activities across the globe and the increasing spending capacity of people which has stoked sales of furniture. Another factor catalyzing growth in the global
Welding Materials Market - Thriving Growth In Industrial Application Segments By …
The global welding materials market is growing on account of the thriving growth of application segments such as transportation, building and construction, marine, and automobiles. The growing urbanization in developing nations will drive the growth of this market. The increasing infrastructure development in Asia Pacific will also fuel the growth of the welding materials market. The technological advancements in the automobile industry will also aid the growth of this market.
Intumescent Coatings Market Demand for Improved Fire Safety to Fuel Growth By 20 …
The global intumescent coatings market has remained moderately concentrated as nearly 45% of its overall share was held by three enterprises in 2015. These companies were Sherwin-Williams Co., PPG Industries Inc., and Nobel N.V., finds Transparency Market Research (TMR) in a new study. These companies, besides other prominent market players are continuously making efforts to expand their regional footprint by establishing new manufacturing units. While expanding operations across emerging nations has

All 1907 Releases

More Releases for America

Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
South America Aviation Market
The South American aviation market was affected adversely by the financial crisis, which had originated in the United States and the sales were impacted adversely by the same, but the market has recovered, since. Furthermore, the good performance of regional jets sold by Embraer were termed profitable by users and could certainly turn the tide as aircraft orders from other airlines continue to increase. Rising income levels in the continent
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
Make America Great Again
Help us open our Veterans' Home We don't know them all, but we owe them all... Lake Ariel, PA: FCPCF Inc. and National Auto Raffle invites you to enter the online Charity Auto & 50/50 Raffles ( and help us raise funds to open the doors of veterans' housing facility and provide housing to the homeless Veterans and their families in need. Every 1 in 4 homeless is a Veteran and its time
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale
Mafi Designs America
Austrian Natural Wood Floor manufacturer establishes themselves in the high end New York Lifestyle market. “Successfully building a luxury Brand in the US is very important to our world wide marketing efforts,“ proclaims a happy Philippe S. Pezet, Partner Mafi USA, Inc & Export/Marketing Manger for the manufacturing company Mafi Holzverarbeitung from Austria. The Mafi brand name is recognized by leading architects and decorators in the Big Apple as being the