Press release
Biodegradable Plastics Market Thrives on Sustainability Push, Bans on Single-Use Plastics & Eco-friendly Packaging | BASF, NatureWorks, Mitsubishi Chemical, Total Corbion PLA
Biodegradable Plastics Market
Biodegradable Plastics Market reached US$ 13 billion in 2024 and is expected to reach US$ 36.78 billion by 2032, growing with a CAGR of 19.10% during the forecast period 2025-2032.
The global Biodegradable Plastics market has witnessed significant growth over the past few years, driven by increasing demand across multiple industries and advancements in technology. The market is characterized by rising adoption of innovative solutions, growing consumer awareness, and supportive government regulations in major economies. As industries continue to prioritize efficiency, sustainability, and cost optimization, Biodegradable Plastics is becoming a critical enabler of business transformation.
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Biodegradable Plastics Market Report by DataM Intelligence offers a detailed assessment of the global materials and sustainability landscape, highlighting market size, key players, and critical growth drivers. With tightening environmental regulations, rising consumer awareness, and advances in polymer science, the report delivers strategic insights from 2025 to 2033.
Key Highlights from the Report
➤ The Biodegradable Plastics market is projected to grow at a CAGR of 19.10% between 2025-2032.
➤ Polylactic acid (PLA) segment accounted for the largest market share in 2024.
➤ Europe emerged as the dominant regional market.
➤ Strategic collaborations and M&A activities are shaping the competitive landscape.
➤ Sustainability and digital transformation are creating new opportunities in the market.
Market Segmentation
By Type (PLA, Starch Blends, Biodegradable Polyesters, PHA), By End-User (Packaging & Bags, Consumer Goods, Agriculture & Horticulture)
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Regional Insights
The global Biodegradable Plastics market demonstrates strong performance across multiple regions:
• North America leads the market due to high adoption rates, strong R&D activities, and the presence of key market players.
• Europe benefits from stringent regulations, increasing focus on sustainability, and government-backed innovation programs.
• Asia-Pacific is expected to witness the fastest growth during the forecast period, fueled by rapid industrialization, growing consumer base, and rising investment in infrastructure.
• Latin America and Middle East & Africa are also showing promising growth, supported by economic reforms and foreign direct investments.
Market Drivers
The biodegradable plastics market is expanding due to rising concerns over plastic pollution, strict government regulations on single-use plastics, and growing consumer demand for sustainable packaging. Increasing adoption in industries such as food & beverage, agriculture, and e-commerce packaging is fueling demand. Innovations in biopolymer production and advancements in compostable material technologies are further supporting widespread adoption.
Reasons to Buy the Report
✔ Comprehensive market insights with accurate growth projections through 2032.
✔ In-depth segmentation analysis to identify high-growth areas.
✔ Regional breakdown highlighting key opportunities across global markets.
✔ Competitive landscape profiling leading players and recent strategic moves.
✔ Actionable insights for investors, policymakers, and industry stakeholders.
Frequently Asked Questions (FAQs)
◆ How Big is the Global Biodegradable Plastics Market?
◆ Who are the Key Players in the Biodegradable Plastics Industry?
◆ What is the Projected Growth Rate (CAGR) of the Market from 2025 to 2032?
◆ What is the Forecast Value of the Market by 2032?
◆ Which Region is Expected to Dominate the Market During the Forecast Period?
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Company Insights
Key players operating in the Biodegradable Plastics market include:
BASF, NatureWorks, Mitsubishi Chemical, Total Corbion PLA, Plantic Technologies, Biome Bioplastics, Bio-On, Danimer Scientific, Toray Industries, Novamont S.p. A
Recent Developments
➠ In March 2024, Beyond Plastic partnered with CJ Biomaterials to develop a biodegradable plastic bottle cap made from polyhydroxyalkanoate (PHA), a bio-based polymer that improves conventional plastic properties while reducing environmental impact.
➠ In February 2024, Balrampur Chini Mills Ltd announced a USD 267 million (INR 2,000 crore) investment in bioplastics, with plans to establish a PLA plant capable of producing 75,000 tons annually.
Conclusion
The global Biodegradable Plastics market is positioned for significant growth, driven by strong demand across industries, technological innovation, and supportive regulatory environments. While challenges such as high costs and regulatory hurdles exist, emerging opportunities in digital transformation, sustainability, and new applications are expected to create profitable pathways for market players. Companies that invest in innovation and strategic collaborations will remain at the forefront of this evolving landscape.
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