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Biodegradable Plastics Market Exclusive Report with Detailed Study Analysis
According to the latest research by InsightAce Analytic, the global Biodegradable Plastics Market Size is valued at USD 12.45 Billion in 2024 and is predicted to reach USD 81.33 Billion by the year 2034 at a 20.8% CAGR during the forecast period for 2025-2034.
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Biodegradable polymers are manufactured using both petroleum-based inputs and renewable resources such as corn, wheat, bamboo, and sugarcane. These materials are capable of decomposing into natural byproducts-biomass, carbon dioxide, and water-through the action of microorganisms including bacteria and fungi. As a result, biodegradable polymers are increasingly utilized across a wide range of applications, including flexible food packaging, as well as extrusion and injection molding processes compatible with conventional manufacturing equipment.
The market for biodegradable plastics is therefore anticipated to be driven by growing environmental concerns. Governments are putting more emphasis on green procurement practices, which is also a major factor promoting the expansion of the biodegradable plastics industry. In the horticultural and agriculture sectors, biodegradable polymers are also used to create mulching films and plant pots. The primary forces propelling market expansion include this, as well as the expanding usage of agricultural goods in the expanding food and beverage (F&B) business, increased use in food packaging and biodegradable bag applications, and the quickly expanding glass industry. The industry is anticipated to rise as more biodegradable polymers are used in packaging and agriculture. The forecast period presents lucrative prospects for market participants due to growing consumer awareness of environmentally friendly plastic alternatives and increased attempts to limit the use of traditional plastics.
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North America is anticipated to be the major contributor to the Biodegradable Plastics market over the forecast years. The increased demand for biodegradable plastics in this region is related to rising environmental concerns and stringent controls on petroleum-based plastics within the region. In addition, the Asia Pacific Biodegradable Plastics market is expected to grow significantly during the forecast period because raw materials are readily available in the region. Furthermore, rising awareness of biodegradable plastics as a potential alternative to traditional plastics increases market demand across the area.
Major market players operating in the Biodegradable Plastics market include
Novamont (Italy), Biome Bioplastics (UK), Mitsubishi, BASF (Germany), NatureWorks (US), Total Corbion (Netherlands), Chemical Holding Corporation (Japan), Fkur Kunstsoff (Germany), Amcor Limited (Switzerland), Mondi Group (UK), Kruger Inc. (Canada), Toray Industries (Japan), Plantic Technologies (Australia), Danimer Scientific (US), and others.
Recent collaborations and agreements in the market:
• In April 2021, NatureWorks announced a new strategic relationship with IMA Coffee, an industry leader in coffee handling, processing, and packaging. This alliance intends to grow the market for high-performance biodegradable K-cups in North America.
• In February 2020, BASF and the Fabbri Group (Italy) forged a partnership to provide a sustainable cling film solution for fresh-food packaging. The video will be wrapped around meat, fish, and fresh fruits and vegetables. The Fabbri group will manufacture it with BASF's Ecovio bioplastic, increasing the demand for biodegradable polymers in packaging applications.
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Market Segments
Global Biodegradable Plastics Market, by Type, 2025-2034 (Value US$ Mn)
• Polylactic acid (PLA)
• Starch Blends
• Polyhydroxyalkanoates (PHA)
• Biodegradable Polyesters
o Polycaprolactone (PCL)
o Polybutylene adipate terephthalate (PBAT)
o Polybutylene succinate (PBS)
• Other Types
• Regenerative Cellulose
• Cellulose Derivative
Global Biodegradable Plastics Market, by End-Users, 2025-2034 (Value US$ Mn)
• Packaging
o Rigid Packaging
o Flexible Packaging
• Consumer Goods
o Electrical Appliances
o Domestic Appliances
o Others
• Textiles
o Medical & Healthcare Textile
o Personal care, clothes & other textiles
• Agriculture & Horticulture
o Tapes & Mulch Films
o Others
Global Biodegradable Plastics Market, by Region, 2025-2034 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Biodegradable Plastics Market, by Country, 2025-2034 (Value US$ Mn)
• U.S.
• Canada
Europe Biodegradable Plastics Market, by Country, 2025-2034 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Biodegradable Plastics Market, by Country, 2025-2034 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Biodegradable Plastics Market, by Country, 2025-2034 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Biodegradable Plastics Market, by Country, 2025-2034 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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