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Rising Consumer Demand For Sustainable Products Fuels Growth In The Biodegradable Plastics Market: Core Growth Enabler in the Biodegradable Plastics Market, 2025
Biodegradable Plastics
Biodegradable Plastics Market Size Growth Forecast: What to Expect by 2025?
In the past few years, there has been a rapid expansion in the market size of biodegradable plastics. It's projected to surge from $6.79 billion in 2024 to $7.97 billion in 2025, with a compound annual growth rate (CAGR) of 17.4%. The historical growth can be linked to the escalating worry about the environment, the rising utilization of biodegradable plastics, and the evolution of emerging markets.
How Will the Biodegradable Plastics Market Size Evolve and Grow by 2029?
Anticipated to witness substantial expansion in the coming years, the biodegradable plastics market is set to increase to $15.26 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 17.6%. This growth within the projected period can be associated with the introduction of novel products, increasing environmental consciousness, and governmental efforts. Significant forecast period trends encompass product advancement, incorporating antimicrobial technology into biodegradable polymers, the employment of biodegradable plastics in lightweighting, a rise in company mergers and acquisitions, the application of artificial intelligence, and use of upcycled packaging materials.
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What Drivers Are Propelling the Growth of Biodegradable Plastics Market Forward?
The surge in the consumer demand for eco-friendly goods is projected to boost the biodegradable plastics market's growth in the future. These sustainable products are those that are created, manufactured, and utilized in a way that lessens their environmental impact, conserves resources and fosters social responsibility, from their procurement phase right up to their disposal. The growing consumer demand for these sustainable items is fueled by an enhanced awareness regarding environmental issues, moral concerns, and a drive to decrease carbon emissions and encourage green practices. Biodegradable plastics are considered sustainable items as they decompose naturally, mitigating environmental pollution and lessening the strain on landfills and ecosystems. For instance, a survey by PDI Technologies, a software development company based in the US, revealed that the number of consumers who were willing to pay more for sustainable goods rose from 68% in 2023 to 80% in April 2024 among 1,200 US consumers. Hence, the escalating consumer demand for eco-friendly goods will spur the growth of the biodegradable plastics market.
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Which Emerging Trends Are Transforming the Biodegradable Plastics Market in 2025?
Key players in the biodegradable plastics market are putting an emphasis on the creation of innovative technologies such as production conversion, with the goal of improving the effectiveness and quality of biodegradable plastics. This technology pertaining to biodegradable plastics allows traditional plastic production systems to seamlessly create environmentally-friendly, compostable alternatives without needing major equipment upgrades. For example, Sulzer, an engineering and manufacturing firm based in the US, introduced SULAC Technology in December 2023. This novel process converts lactic acid into lactide, an essential ingredient in the creation of polylactic acid (PLA), a type of biodegradable plastic. This approach boosts both the effectiveness and quality of lactide production, allowing PLA manufacturers to incorporate fresh methods into their operations. SULAC Technology, in promoting the creation of eco-friendly bioplastics, aligns with worldwide sustainability targets and the growing need for sustainable materials, further strengthening Sulzer's position as a leader in the bioplastics industry.
What Are the Key Segments in the Biodegradable Plastics Market?
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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Who Are the Key Players Shaping the Biodegradable Plastics Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Biodegradable Plastics Market?
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.
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