Press release
Biodegradable Plastics Market Grows with PLA & PHA Scale‐Up, Waste‐Feedstock Innovation & Enhanced Compostability, Driven by Regulations, Sustainability Targets & Standardization
Biodegradable Plastics Market is expected to reach at a CAGR of 13.3% during the forecast period 2024-2031.Biodegradable Plastics Market is positioned for robust growth, and shifting market dynamics reshaping the competitive landscape. DataM Intelligence's new report provides data-driven insights, SWOT analysis, and marketing-ready intelligence for businesses seeking to improve market penetration and campaign ROI.
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Biodegradable Plastics Market Overview & Landscape:
The biodegradable plastics market includes polymers such as polylactic acid (PLA), polyhydroxyalkanoates (PHA), and starch blends that decompose via microbial action under industrial or home-composting conditions. Employed in packaging, agricultural films, consumer goods, and biomedical applications, these materials address plastic waste and carbon footprint concerns. Growth is driven by regulatory bans on single-use plastics, corporate sustainability targets, and innovations in feedstocks and end-of-life management.
Biodegradable Plastics Market Key Trends & Developments:
PLA Capacity Expansions: Commissioning of multi‐ktpa PLA plants in North America and Asia to meet surging demand for compostable packaging.
PHA Commercialization: Launch of PHA grades with improved tensile properties and cost competitiveness for agricultural mulch films and disposable cutlery.
Second‐Generation Feedstocks: Adoption of waste‐derived sugars (e.g., food waste, agricultural residues) for bio‐monomer production, reducing feedstock costs and land‐use impact.
Advanced Additives: Introduction of compost‐enhancing and microbial‐trigger additives that accelerate degradation in home‐compost environments.
Certification & Standards: Roll‐out of new ISO and EN guidelines for biodegradability testing and labeling to ensure product performance and consumer confidence.
Strategic Players Driving the Biodegradable Plastics Market Forward :
BASF, NatureWorks, Mitsubishi Chemical, Total Corbion PLA, Plantic Technologies, Biome Bioplastics, Bio-On, Danimer Scientific, Toray Industries, Novamont S.p. A, and other major companies listed in the final report.
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Segment Covered in the Biodegradable Plastics Market:
By Type - PLA, Starch Blends, Biodegradable Polyesters, PHA
By End-User - Packaging & Bags, Consumer Goods, Agriculture & Horticulture
Regional Analysis for Biodegradable Plastics Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Most Frequently Asked Questions in the Biodegradable Plastics Market Research Industry:
✒ What are the primary drivers fueling growth in the Biodegradable Plastics Market today?
✒ Which companies are currently leading innovation and market share in the Biodegradable Plastics Market?
✒ In what ways is the current regulatory environment influencing the Biodegradable Plastics Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Biodegradable Plastics Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Biodegradable Plastics Market?
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