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Biodegradable Plastic Market by Type (PLA, PBAT, PBS, PHA, Starch Blends, and Others) and Application (Packaging, Agriculture, Consumer Durable, Textile, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

MA_196136
Pages: 294
Oct 2019 | 60 Views
 
Author(s) : Krunal Yeware , Eswara Prasad
Tables: 183
Charts: 51
 

Biodegradable Plastic Market Outlook - 2026

The global biodegradable plastic market was valued at $1.2 billion in 2018, and is projected to reach $6.0 billion by 2026, growing at a CAGR of 21.3% from 2019 to 2026.

Biodegradable plastic is a plastic that decomposes naturally in the environment. This is mainly done by the microorganism present in the environment that breaks down the structure of biodegradable plastic. It is manufactured by micro-organism, renewable raw material, petrochemicals, and the combination of these three. Biodegradable plastic is ecofriendly and has no toxicity. It costs relatively higher over conventional plastics as it is produced using renewable raw material. This type of plastic is mainly produced using natural plant material which mainly includes corn oil, orange peels, starch, and plants. Therefore, biodegradable plastic is environmentally free as it manufactured using renewable material.

There is a global shift from synthetic to bio based chemicals to achieve bio economy and reduce increased environmental impact of conventional plastic. Therefore, government across the various geographies is regulating policies against consumption of single use plastic products to eliminate synthetic plastic products. Hence, the demand for bioplastic including biodegradable one is growing at rapid pace and is a prominent growth driver among other factors.


 Biodegradable Plastic Market

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Some of the other important factors contributing toward the biodegradable plastic market growth include increase in use of biodegradable plastic in packaging application, environmentally free nature, and increased consumer awareness. There has been significant rise in the preference of packaged food due to rise in the population and changes in the lifestyle. This ultimately is creating problems for increased shelf life of product. Demand for biodegradable plastics is relatively high due to its eco-friendly nature and similarity in the properties of conventional plastic. On the other hand, high cost issues associated with biodegradable plastic restrain the growth of market and similar factors can challenge the overall market growth over the years to come. Increasing competitiveness of mulch films over films made from traditional plastics is one of the recent biodegradable plastic market trends observed in recent years.  

The global biodegradable plastic market is segmented on the basis of type, application, and region. Based on type, the market is divided into Poly (lactic Acid (PLA)), Polybutylene adipate terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), Starch Blends, and others. On the basis of application, the market is segmented into packaging, agriculture, textile, consumer durable, and others. Packaging segment anticipated exhibit largest biodegradable plastic market share over the forecast period. 

Based on region, the global biodegradable plastic market is studied across North America, Europe, Asia-Pacific, and LAMEA. Europe is the largest regional market among others due the presence of largest regulatory bodies and resulting awareness among consumers against synthetic products. Asia-Pacific anticipated to exhibit fastest growth during the forecast period due to high production facilities, growth in the packaging industry, and demographic changes that is leading to demand for packaged food. Biodegradable plastics demand in Asia-Pacific is expected to significant due to availability raw material and flourishing packaging industry.  

The major key players operating in the global biodegradable plastic industry include BASF SE, DowDuPont Inc., Novamont S.p.A., Plantic, Natureworks, Corbion N.V., Biome Technologies plc, Eastman Chemical Company, and Danimer Scientific.

Other players operating in this biodegradable plastic market include Biotec Pvt. Ltd., BALSON INDUSTRIES, BioSphere Plastic LLC, BIOGREEN PACKAGING PRIVATE LIMITED, and Symphony Polymers Pvt. Ltd. These major key players are adopting different strategies such as collaboration, partnership, product launch, joint venture, agreement, and acquisition, to stay competitive in the global market.

Global Biodegradable Plastic Market, By Region 

Europe is the largest regional biodegradable plastic market in this market. The region adopts bioplastics over conventional plastic to transform into a proper waste management region. European association is promoting government and environmental policies, regarding sustainability and bio-degradability, which is a significant factor that drives the growth of the biodegradable plastic market in Europe. Increase in demand for bioplastic products among Europe customers stimulates the growth of bio-based products in this region. European customers choose bioplastic products over conventional plastic products considering their environmental benefits. This is why Europe is the largest regional market in terms of consumption in the global biodegradable market.

Biodegradable Plastic Market
By Region

2026
Europe 
North America
Asia-Pacific
LAMEA

Europe holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.

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Global Biodegradable Plastic Market, By Type

Based on type, starch blends are the largest segment in terms of consumption in the global biodegradable market. The applications of starch blends are mostly seen in the flexible packaging and agricultural sector. Starch based plastics can be modified to any desirable properties so that it can be used as per the convenience. Starch is popularly known to be used to reduce the carbon footprint of traditional resins as they can replace petroleum-based polymers with natural ones. The global biodegradable plastic market size is expanding due to consistently growth in the demand of starch blends.  

Biodegradable Plastic Market
By Type

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Starch Blends is projected as the most lucrative segment.

  

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Global Biodegradable Plastic Market, By Application

Based on end use, packaging is the largest application segment in 2018 and similar growth pattern is anticipated during the forecast period. Biodegradable plastics are becoming popular due to its least toxicity and biodegradability in nature. Consumers are shifting from synthetic to bio based products in response to the growing environmental awareness. Increase in strict regulation on the use of single use plastic and favorable government policies pertinent to the use of bio based plastic is driving the use of biodegradable plastic in packaging industry. European government regulated couple of regulation, EN 13432 (biodegradability of plastic packaging product in Europe) being one of them that recommends the benefits of bioplastic in packaging uses.

Biodegradable Plastic Market
By Application

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Packaging is projected as the most lucrative segment.

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Key Benefits for Biodegradable Plastic Market:

  • The biodegradable plastic market analysis covers in-depth information of the major industry participants.
  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries have been mapped according to their individual revenue contribution to the regional market.
  • The biodegradable plastic market report provides an in depth analysis of the market forecast for the period 2019-2026.
  • The report outlines the current market trends and future scenario of the market from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets

Biodegradable Plastic Market Segments:

By Type

  • PLA
  • PBAT
  • PBS
  • PHA
  • Starch Blends
  • Others

By Application

  • Packaging
  • Agriculture
  • Consumer Durable
  • Textile
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Spain
    • Italy
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of LAMEA
 

CHAPTER 1:    INTRODUCTION

1.1.    Report description
1.2.    Key benefits for stakeholders
1.3.    Key market segments
1.4.    Research methodology

1.4.1.    Secondary research
1.4.2.    Primary research

1.5.    Analyst tools and models

CHAPTER 2:    EXECUTIVE SUMMARY

2.1.    Key findings of the study
2.2.    CXO perspective

CHAPTER 3:    MARKET OVERVIEW

3.1.    Market definition and scope
3.2.    Key findings

3.2.1.    Top investment pockets

3.3.    Porter’s five forces analysis
3.4.    Market dynamics

3.4.1.    Drivers

3.4.1.1.    Environmentally friendly nature and growing consumer adoption of biodegradable plastics
3.4.1.2.    High Demand of biodegradable plastic in food packaging application
3.4.1.3.    Favorable Government Policy towards bioplastic

3.4.2.    Restraints

3.4.2.1.    High cost of biodegradable plastic

3.4.3.    Opportunity

3.4.3.1.    Growing CSR activities and decreasing dependence on petroleum resource

3.5.    Impact of Government Rules and Regulations

3.5.1.    Regulations on Single use plastic bags

3.6.    Patent Analysis (2015-2018)
3.7.    Pricing Analysis

CHAPTER 4:    GLOBAL BIODEGRADABLE PLASTIC MARKET, BY TYPE

4.1.    Overview

4.1.1.    Market size and forecast by Type

4.2.    PLA (Poly(lactic Acid))

4.2.1.    Key market trends, growth, factors and opportunities
4.2.2.    Market size and forecast, by Region
4.2.3.    Market share analysis, by country

4.3.    PBAT (Polybutylene Adipate Terephthalate)

4.3.1.    Key market trends, growth, factors and opportunities
4.3.2.    Market size and forecast, by Region
4.3.3.    Market share analysis, by country

4.4.    PBS (Polybutylene Succinate)

4.4.1.    Key market trends, growth, factors and opportunities
4.4.2.    Market size and forecast, by Region
4.4.3.    Market share analysis, by country

4.5.    PHA (Polyhydroxyalkanoates)

4.5.1.    Key market trends, growth, factors and opportunities
4.5.2.    Market size and forecast, by Region
4.5.3.    Market share analysis, by country

4.6.    Starch Blends

4.6.1.    Key market trends, growth, factors and opportunities
4.6.2.    Market size and forecast, by Region
4.6.3.    Market share analysis, by country

4.7.    Others

4.7.1.    Key market trends, growth, factors and opportunities
4.7.2.    Market size and forecast, by Region
4.7.3.    Market share analysis, by country

CHAPTER 5:    BIODEGRADABLE PLASTIC MARKET, BY APPLICATION

5.1.    Overview

5.1.1.    Market size and forecast by Application

5.2.    Packaging

5.2.1.    Key market trends, growth, factors and opportunities
5.2.2.    Market size and forecast, by Region
5.2.3.    Market share analysis, by country

5.3.    Agriculture

5.3.1.    Key market trends, growth, factors and opportunities
5.3.2.    Market size and forecast, by Region
5.3.3.    Market share analysis, by country

5.4.    Consumer Durable

5.4.1.    Key market trends, growth, factors and opportunities
5.4.2.    Market size and forecast, by Region
5.4.3.    Market share analysis, by country

5.5.    Textile

5.5.1.    Key market trends, growth, factors and opportunities
5.5.2.    Market size and forecast, by Region
5.5.3.    Market share analysis, by country

5.6.    Others

5.6.1.    Key market trends, growth, factors and opportunities
5.6.2.    Market size and forecast, by Region
5.6.3.    Market share analysis, by country

CHAPTER 6:    GLOBAL BIODEGRADABLE PLASTIC MARKET, BY REGION

6.1.    Overview

6.1.1.    Market size and forecast by country

6.2.    North America

6.2.1.    Market size and forecast by Type
6.2.2.    Market size and forecast by Application
6.2.3.    Market size and forecast by Country
6.2.4.    U.S.

6.2.4.1.    Market size and forecast by Type
6.2.4.2.    Market size and forecast by Application

6.2.5.    Canada

6.2.5.1.    Market size and forecast by Type
6.2.5.2.    Market size and forecast by Application

6.2.6.    Mexico

6.2.6.1.    Market size and forecast by Type
6.2.6.2.    Market size and forecast by Application

6.3.    Europe

6.3.1.1.    Market size and forecast by Type
6.3.1.2.    Market size and forecast by Application
6.3.1.3.    Market size and forecast by Country

6.3.2.    Germany

6.3.2.1.    Market size and forecast by Type
6.3.2.2.    Market size and forecast by Application

6.3.3.    France

6.3.3.1.    Market size and forecast by Type
6.3.3.2.    Market size and forecast by Application

6.3.4.    Italy

6.3.4.1.    Market size and forecast by Type
6.3.4.2.    Market size and forecast by Application

6.3.5.    Spain

6.3.5.1.    Market size and forecast by Type
6.3.5.2.    Market size and forecast by Application

6.3.6.    UK

6.3.6.1.    Market size and forecast by Type
6.3.6.2.    Market size and forecast by Application

6.3.7.    Rest of Europe

6.3.7.1.    Market size and forecast by Type
6.3.7.2.    Market size and forecast by Application

6.4.    Asia-Pacific

6.4.1.    Market size and forecast by Type
6.4.2.    Market size and forecast by Application
6.4.3.    Market size and forecast by Country

6.4.4.    China

6.4.4.1.    Market size and forecast by Type
6.4.4.2.    Market size and forecast by Application

6.4.5.    Japan

6.4.5.1.    Market size and forecast by Type
6.4.5.2.    Market size and forecast by Application

6.4.6.    India

6.4.6.1.    Market size and forecast by Type
6.4.6.2.    Market size and forecast by Application

6.4.7.    South Korea

6.4.7.1.    Market size and forecast by Type
6.4.7.2.    Market size and forecast by Application

6.4.8.    Australia

6.4.8.1.    Market size and forecast by Type
6.4.8.2.    Market size and forecast by Application

6.4.9.    Rest of Asia-Pacific

6.4.9.1.    Market size and forecast by Type
6.4.9.2.    Market size and forecast by Application

6.5.    LAMEA

6.5.1.    Market size and forecast by Type
6.5.2.    Market size and forecast by Application
6.5.3.    Market size and forecast by Country

6.5.4.    Brazil

6.5.4.1.    Market size and forecast by Type
6.5.4.2.    Market size and forecast by Application

6.5.5.    Saudi Arabia

6.5.5.1.    Market size and forecast by Type
6.5.5.2.    Market size and forecast by Application

6.5.6.    South Africa

6.5.6.1.    Market size and forecast by Type
6.5.6.2.    Market size and forecast by Application

6.5.7.    UAE

6.5.7.1.    Market size and forecast by Type
6.5.7.2.    Market size and forecast by Application

6.5.8.    Rest of LAMEA

6.5.8.1.    Market size and forecast by Type
6.5.8.2.    Market size and forecast by Application

CHAPTER 7:    COMPETITIVE LANDSCAPE

7.1.    INTRODUCTION

7.1.1.    MARKET PLAYER POSITIONING, 2018

7.2.    MARKET SHARE ANALYSIS OF TOP PLAYERS, 2018 (%)
7.3.    TOP WINNING STRATEGIES

7.3.1.    Top winning strategies, by year
7.3.2.    Top winning strategies, by development
7.3.3.    Top winning strategies, by company

7.4.    PRODUCT MAPPING OF TOP 10 PLAYER
7.5.    COMPETITIVE HEATMAP
7.6.    KEY DEVELOPMENTS

7.6.1.    New product launches
7.6.2.    Expansions
7.6.3.    Joint Venture
7.6.4.    Agreement
7.6.5.    Partnership

CHAPTER 8:    COMPANY PROFILES:

8.1.    BASF SE

8.1.1.    Company overview
8.1.2.    Company snapshot
8.1.3.    Operating business segments
8.1.4.    Product portfolio
8.1.5.    R&D Expenditure
8.1.6.    Business performance
8.1.7.    Key strategic moves and developments

8.2.    Biome Technologies plc

8.2.1.    Company overview
8.2.2.    Company snapshot
8.2.3.    Operating business segments
8.2.4.    Product portfolio
8.2.5.    Business performance
8.2.6.    Key strategic moves and developments

8.3.    CORBION N.V.

8.3.1.    Company overview
8.3.2.    Company snapshot
8.3.3.    Operating business segments
8.3.4.    Product portfolio
8.3.5.    R&D Expenditure
8.3.6.    Business performance
8.3.7.    Key strategic moves and developments

8.4.    Danimer Scientific

8.4.1.    Company overview
8.4.2.    Company snapshot
8.4.3.    Product portfolio
8.4.4.    Key strategic moves and developments

8.5.    Dow, Inc.

8.5.1.    Company overview
8.5.2.    Company snapshot
8.5.3.    Operating business segments
8.5.4.    Product portfolio
8.5.5.    Business performance

8.6.    Eastman Chemical Company

8.6.1.    Company overview
8.6.2.    Company snapshot
8.6.3.    Operating business segments
8.6.4.    Product portfolio
8.6.5.    R&D Expenditure
8.6.6.    Business performance

8.7.    Kuraray Co., Ltd.

8.7.1.    Company overview
8.7.2.    Company snapshot
8.7.3.    Operating business segments
8.7.4.    Product portfolio
8.7.5.    Business performance

8.8.    Mitsubishi Chemical Holdings

8.8.1.    Company overview
8.8.2.    Company snapshot
8.8.3.    Operating business segments
8.8.4.    Product portfolio
8.8.5.    Business performance
8.8.6.    Key strategic moves and developments

8.9.    Novamont S.p.A

8.9.1.    Company overview
8.9.2.    Company snapshot
8.9.3.    Operating business segments
8.9.4.    Product portfolio
8.9.5.    Key strategic moves and developments

8.10.    PTT Global Chemical Company Limited

8.10.1.    Company overview
8.10.2.    Company snapshot
8.10.3.    Operating business segments
8.10.4.    Product portfolio
8.10.5.    Business performance

DISCLAIMER

LIST OF TABLES

TABLE 01.    PATENT FILED ON BIODEGRADABLE PLASTIC (2015-2029)    
TABLE 02.    PRICING FORECAST BY TYPE, (2018-2026) ($/KG)    
TABLE 03.    GLOBAL BIODEGRADABLE MARKET REVENUE, BY TYPE ($MILLION)(2019-2026)    
TABLE 04.    GLOBAL BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 05.    GLOBAL BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 06.    GLOBAL BIODEGRADABLE PLASTIC MARKET FOR PLA, BY REGION, 2018–2026 (KILO TONS)    
TABLE 07.    GLOBAL BIODEGRADABLE PLASTIC MARKET FOR PLA, BY REGION, 2018–2026 ($MILLION)    
TABLE 08.    GLOBAL BIODEGRADABLE PBATSTIC MARKET FOR PBAT, BY REGION, 2018–2026 (KILO TONS)    
TABLE 09.    GLOBAL BIODEGRADABLE PBATSTIC MARKET FOR PBAT, BY REGION, 2018–2026 ($MILLION)    
TABLE 10.    GLOBAL BIODEGRADABLE PBSSTIC MARKET FOR PBS, BY REGION, 2018–2026 (KILO TONS)    
TABLE 11.    GLOBAL BIODEGRADABLE PBSSTIC MARKET FOR PBS, BY REGION, 2018–2026 ($MILLION)    
TABLE 12.    GLOBAL BIODEGRADABLE PHASTIC MARKET FOR PHA, BY REGION, 2018–2026 (KILO TONS)    
TABLE 13.    GLOBAL BIODEGRADABLE PHASTIC MARKET FOR PHA, BY REGION, 2018–2026 ($MILLION)    
TABLE 14.    GLOBAL BIODEGRADABLE STARCH BLENDSSTIC MARKET FOR STARCH BLENDS, BY REGION, 2018–2026 (KILO TONS)    
TABLE 15.    GLOBAL BIODEGRADABLE STARCH BLENDSSTIC MARKET FOR STARCH BLENDS, BY REGION, 2018–2026 ($MILLION)    
TABLE 16.    GLOBAL BIODEGRADABLE OTHERSSTIC MARKET FOR OTHERS, BY REGION, 2018–2026 (KILO TONS)    
TABLE 17.    GLOBAL BIODEGRADABLE OTHERSSTIC MARKET FOR OTHERS, BY REGION, 2018–2026 ($MILLION)    
TABLE 18.    GLOBAL BIODEGRADABLE MARKET REVENUE, BY APPLICATION ($MILLION)(2019-2026)    
TABLE 19.    GLOBAL BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 20.    GLOBAL BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 21.    GLOBAL BIODEGRADABLE PLASTIC MARKET FOR PACKAGING, BY REGION, 2018–2026 (KILO TONS)    
TABLE 22.    GLOBAL BIODEGRADABLE PLASTIC MARKET FOR PACKAGING, BY REGION, 2018–2026 ($MILLION)    
TABLE 23.    GLOBAL BIODEGRADABLE PLASTIC MARKET FOR AGRICULTURE, BY REGION, 2018–2026 (KILO TONS)    
TABLE 24.    GLOBAL BIODEGRADABLE PLASTIC MARKET FOR AGRICULTURE, BY REGION, 2018–2026 ($MILLION)    
TABLE 25.    GLOBAL BIODEGRADABLE PLASTIC MARKET FOR CONSUMER DURABLE, BY REGION, 2018–2026 (KILO TONS)    
TABLE 26.    GLOBAL BIODEGRADABLE PLASTIC MARKET FOR CONSUMER DURABLE, BY REGION, 2018–2026 ($MILLION)    
TABLE 27.    GLOBAL BIODEGRADABLE PLASTIC MARKET FOR TEXTILE, BY REGION, 2018–2026 (KILO TONS)    
TABLE 28.    GLOBAL BIODEGRADABLE PLASTIC MARKET FOR TEXTILE, BY REGION, 2018–2026 ($MILLION)    
TABLE 29.    GLOBAL BIODEGRADABLE PLASTIC MARKET FOR OTHERS, BY REGION, 2018–2026 (KILO TONS)   
TABLE 30.    GLOBAL BIODEGRADABLE PLASTIC MARKET FOR OTHERS, BY REGION, 2018–2026 ($MILLION)    
TABLE 31.    GLOBAL BIODEGRADABLE PLASTIC MARKET, BY REGION 2018–2026 (KILO TONS)    
TABLE 32.    GLOBAL BIODEGRADABLE PLASTIC MARKET, BY REGION 2018–2026 ($MILLION)    
TABLE 33.    NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 34.    NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 35.    NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 36.    NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 37.    NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY COUNTRY 2018–2026 (KILO TONS)    
TABLE 38.    NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY COUNTRY 2018–2026 ($MILLION)    
TABLE 39.    U.S. BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 40.    U.S. BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 41.    U.S. BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 42.    U.S. BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 43.    CANADA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 44.    CANADA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 45.    CANADA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 46.    CANADA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 47.    MEXICO BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 48.    MEXICO BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)   
TABLE 49.    MEXICO BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)   
TABLE 50.    MEXICO BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 51.    EUROPE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 52.    EUROPE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 53.    EUROPE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 54.    EUROPE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)   
TABLE 55.    EUROPE BIODEGRADABLE PLASTIC MARKET, BY COUNTRY 2018–2026 (KILO TONS)    
TABLE 56.    EUROPE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 57.    GERMANY BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 58.    GERMANY BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 59.    GERMANY BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 60.    GERMANY BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 61.    FRANCE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 62.    FRANCE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 63.    FRANCE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 64.    FRANCE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 65.    ITALY BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 66.    ITALY BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 67.    ITALY BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 68.    ITALY BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 69.    SPAIN BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 70.    SPAIN BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 71.    SPAIN BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 72.    SPAIN BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 73.    UK BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 74.    UK BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 75.    UK BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 76.    UK BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 77.    REST OF EUROPE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)   
TABLE 78.    REST OF EUROPE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 79.    REST OF EUROPE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 80.    REST OF EUROPE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 81.    ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 82.    ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 83.    ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 84.    ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 85.    ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY COUNTRY 2018–2026 (KILO TONS)    
TABLE 86.    ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 87.    CHINA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 88.    CHINA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 89.    CHINA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 90.    CHINA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 91.    JAPAN BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)   
TABLE 92.    JAPAN BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 93.    JAPAN BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)   
TABLE 94.    JAPAN BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 95.    INDIA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 96.    INDIA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 97.    INDIA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 98.    INDIA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 99.    SOUTH KOREA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)   
TABLE 100.    SOUTH KOREA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)   
TABLE 101.    SOUTH KOREA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 102.    SOUTH KOREA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 103.    AUSTRALIA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 104.    AUSTRALIA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 105.    AUSTRALIA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)   
TABLE 106.    AUSTRALIA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)   
TABLE 107.    REST OF ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 108.    REST OF ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 109.    REST OF ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)   
TABLE 110.    REST OF ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 111.    LAMEA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 112.    LAMEA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 113.    LAMEA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 114.    LAMEA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)  
TABLE 115.    LAMEA BIODEGRADABLE PLASTIC MARKET, BY COUNTRY 2018–2026 (KILO TONS)    
TABLE 116.    LAMEA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 117.    BRAZIL BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 118.    BRAZIL BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 119.    BRAZIL BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 120.    BRAZIL BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 121.    SAUDI ARABIA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 122.    SAUDI ARABIA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 123.    SAUDI ARABIA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 124.    SAUDI ARABIA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 125.    SOUTH AFRICA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 126.    SOUTH AFRICA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 127.    SOUTH AFRICA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 128.    SOUTH AFRICA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 129.    UAE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 130.    UAE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 131.    UAE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 132.    UAE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 133.    REST OF LAMEA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 (KILO TONS)    
TABLE 134.    REST OF LAMEA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2018–2026 ($MILLION)    
TABLE 135.    REST OF LAMEA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 (KILO TONS)    
TABLE 136.    REST OF LAMEA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2018–2026 ($MILLION)    
TABLE 137.    KEY NEW PRODUCT LAUNCHES (2016-2019)    
TABLE 138.    KEY EXPANSIONS (2016-2019)    
TABLE 139.    KEY JOINT VENTURE (2016-2019)   
TABLE 140.    KEY AGREEMENT (2016-2019)    
TABLE 141.    KEY PARTNERSHIP (2016-2019)   
TABLE 142.    BASF SE: COMPANY SNAPSHOT    
TABLE 143.    BASF SE: OPERATING SEGMENTS    
TABLE 144.    BASF SE: PRODUCT PORTFOLIO    
TABLE 145.    OVERALL FINANCIAL STATUS ($MILLION)    
TABLE 146.    BASF SE: KEY STRATEGIC MOVES AND DEVELOPMENTS    
TABLE 147.    BIOME: COMPANY SNAPSHOT    
TABLE 148.    BIOME: OPERATING SEGMENTS    
TABLE 149.    BIOME: PRODUCT PORTFOLIO    
TABLE 150.    OVERALL FINANCIAL STATUS ($MILLION)    
TABLE 151.    BIOME: KEY STRATEGIC MOVES AND DEVELOPMENTS    
TABLE 152.    CORBION: COMPANY SNAPSHOT    
TABLE 153.    CORBION: OPERATING SEGMENTS    
TABLE 154.    CORBION: PRODUCT PORTFOLIO    
TABLE 155.    OVERALL FINANCIAL STATUS ($MILLION)    
TABLE 156.    DANIMER: COMPANY SNAPSHOT    
TABLE 157.    DANIMER: PRODUCT PORTFOLIO    
TABLE 158.    DANIMER: KEY STRATEGIC MOVES AND DEVELOPMENTS    
TABLE 159.    DOW: COMPANY SNAPSHOT    
TABLE 160.    DOW: OPERATING SEGMENTS    
TABLE 161.    DOW: PRODUCT PORTFOLIO    
TABLE 162.    OVERALL FINANCIAL STATUS ($MILLION)    
TABLE 163.    EASTMAN: COMPANY SNAPSHOT    
TABLE 164.    EASTMAN: OPERATING SEGMENTS    
TABLE 165.    EASTMAN: PRODUCT PORTFOLIO    
TABLE 166.    OVERALL FINANCIAL STATUS ($MILLION)    
TABLE 167.    KURARAY: COMPANY SNAPSHOT    
TABLE 168.    KURARAY: OPERATING SEGMENTS    
TABLE 169.    KURARAY: PRODUCT PORTFOLIO    
TABLE 170.    OVERALL FINANCIAL STATUS ($MILLION)    
TABLE 171.    MITSUBISHI CHEMICAL HOLDINGS: COMPANY SNAPSHOT    
TABLE 172.    MITSUBISHI CHEMICAL HOLDINGS: OPERATING SEGMENTS    
TABLE 173.    MITSUBISHI CHEMICAL HOLDINGS    
TABLE 174.    OVERALL FINANCIAL STATUS ($MILLION)    
TABLE 175.    MITSUBISHI CHEMICAL HOLDINGS: KEY STRATEGIC MOVES AND DEVELOPMENTS    
TABLE 176.    NOVAMONT: COMPANY SNAPSHOT    
TABLE 177.    NOVAMONT: OPERATING SEGMENTS    
TABLE 178.    NOVAMONT: PRODUCT PORTFOLIO    
TABLE 179.    NOVAMONT: KEY STRATEGIC MOVES AND DEVELOPMENTS    
TABLE 180.    PTTGC: COMPANY SNAPSHOT    
TABLE 181.    PTTGC: OPERATING SEGMENTS   
TABLE 182.    PTTGC: PRODUCT PORTFOLIO    
TABLE 183.    OVERALL FINANCIAL STATUS ($MILLION)    

LIST OF FIGURES

FIGURE 01.    GLOBAL BIODEGRADABLE PLASTIC MARKET SEGMENTATION    
FIGURE 02.    TOP INVESTMENT POCKETS, BY COUNTRY    
FIGURE 03.    HIGH BARGAINING POWER OF SUPPLIERS    
FIGURE 04.    MODERATE BARGAINING POWER OF BUYERS    
FIGURE 05.    HIGH THREAT OF NEW ENTRANTS    
FIGURE 06.    HIGH THREAT OF SUBSTITUTES    
FIGURE 07.    LOW  INTENSITY OF COMPETITIVE RIVALRY    
FIGURE 08.    BIODEGRADABLE PLASTIC MARKET DYNAMICS    
FIGURE 09.    COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR PLA, BY COUNTRY, 2018 & 2026 (%)    
FIGURE 10.    COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PBATSTIC MARKET FOR PBAT, BY COUNTRY, 2018 & 2026 (%)    
FIGURE 11.    COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR PBS, BY COUNTRY, 2018 & 2026 (%)    
FIGURE 12.    COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR PHA, BY COUNTRY, 2018 & 2026 (%)   
FIGURE 13.    COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE STARCH BLENDS MARKET FOR STARCH BLENDS, BY COUNTRY, 2018 & 2026 (%)    
FIGURE 14.    COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR OTHERS, BY COUNTRY, 2018 & 2026 (%)   
FIGURE 15.    COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR PACKAGING, BY COUNTRY, 2018 & 2026 (%)    
FIGURE 16.    COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR AGRICULTURE, BY COUNTRY, 2018 & 2026 (%)    
FIGURE 17.    COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR CONSUMER DURABLE, BY COUNTRY, 2018 & 2026 (%)    
FIGURE 18.    COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR TEXTILE, BY COUNTRY, 2018 & 2026 (%)    
FIGURE 19.    COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR OTHERS, BY COUNTRY, 2018 & 2026 (%)    
FIGURE 20.    MARKET PLAYER POSITIONING, 2018    
FIGURE 21.    TOP WTOP WINNING STRATEGIES, BY YEAR, 2016–2019    
FIGURE 22.    TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2019 (%)    
FIGURE 23.    TOP WINNING STRATEGIES, BY COMPANY, 2016–2019    
FIGURE 24.    PRODUCT MAPPING OF TOP 10 PLAYERS    
FIGURE 25.    COMPETITIVE HEATMAP OF KEY PLAYERS   
FIGURE 26.    R&D EXPENDITURE, 2016–2018 ($MILLION)    
FIGURE 27.    BASF SE: REVENUE, 2016–2018 ($MILLION)    
FIGURE 28.    BASF SE: REVENUE SHARE BY SEGMENT, 2018 (%)    
FIGURE 29.    BASF SE: REVENUE SHARE BY REGION, 2018 (%)    
FIGURE 30.    BIOME: REVENUE, 2016–2018 ($MILLION)    
FIGURE 31.    BIOME: REVENUE SHARE BY SEGMENT, 2018 (%)    
FIGURE 32.    BIOME: REVENUE SHARE BY REGION, 2018 (%)    
FIGURE 33.    R&D EXPENDITURE, 2016–2018 ($MILLION)    
FIGURE 34.    CORBION: NET SALES, 2016–2018 ($MILLION)    
FIGURE 35.    CORBION: REVENUE SHARE BY SEGMENT, 2018 (%)    
FIGURE 36.    CORBION: REVENUE SHARE BY REGION, 2018 (%)    
FIGURE 37.    DOW: NET SALES, 2016–2018 ($MILLION)    
FIGURE 38.    DOW: REVENUE SHARE BY SEGMENT, 2018 (%)    
FIGURE 39.    R&D EXPENDITURE, 2016–2018 ($MILLION)    
FIGURE 40.    EASTMAN: REVENUE, 2016–2018 ($MILLION)    
FIGURE 41.    EASTMAN: REVENUE SHARE BY SEGMENT, 2018 (%)    
FIGURE 42.    EASTMAN: REVENUE SHARE BY REGION, 2018 (%)    
FIGURE 43.    KURARAY: REVENUE, 2016–2018 ($MILLION)    
FIGURE 44.    KURARAY: REVENUE SHARE BY SEGMENT, 2018 (%)    
FIGURE 45.    KURARAY: REVENUE SHARE BY REGION, 2018 (%)    
FIGURE 46.    MITSUBISHI CHEMICAL HOLDINGS: REVENUE, 2016–2018 ($MILLION)    
FIGURE 47.    MITSUBISHI CHEMICAL HOLDINGS: REVENUE SHARE BY SEGMENT, 2018 (%)    
FIGURE 48.    MITSUBISHI CHEMICAL HOLDINGS: REVENUE SHARE BY REGION, 2018 (%)    
FIGURE 49.    PTTGC: REVENUE, 2016–2018 ($MILLION)    
FIGURE 50.    PTTGC: REVENUE SHARE BY SEGMENT, 2018 (%)    
FIGURE 51.    PTTGC: REVENUE SHARE BY REGION, 2018 (%)    

 
 

Biodegradable plastic is considered as the major innovation from renewable material while dealing with single use plastic products. It is being adopted as a perfect substitute to single use plastic as this plastic decomposes after a definite period of time by causing no harm to environment.

Increase in number of manufacturers, favorable government policies for the adoption of sustainable and biodegradable products, and rise in availability of renewable feedstock boost the growth of the biodegradable plastic market. Rise in consumer acceptance due to various awareness and education programs regrading bio based products is providing a new perspective to eliminate conventional plastic use thereby contributing greatly in this market. However, higher price of bio based plastic as compared to traditional plastic coupled with low performance standards, hamper the market growth. 

At present, consumption of biodegradable plastic in packaging is the highest and is projected to remain the highest through 2026 on account of the its favorable properties. On the other hand, relative inferior performance of biodegradable plastic especially PLA plastics against traditional petroleum-based plastics is expected be the key concern. The production of bioplastics is highest in Asia-Pacific owing to the huge availability of renewable feedstock. Despite being biodegradable, one of the key advantages is its properties are similar to the conventional plastic. Hence, key opinion leaders are claiming, if high price issues are overcome, biodegradable plastic is expected to be major breakthrough over petroleum plastic.


 

 

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