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Biodegradable Plastic Market by Biodegradable Plastic Type (Polylactic Acid [PLA], Polybutylene Adipate Terephthalate [PBAT], Polybutylene Succinate [PBS], Polyhydroxyalkanoates [PHA], Starch Blends, and Others), and Biodegradable Plastic Application (Packaging, Agriculture, Consumer Durable, Textile, and Others) : Opportunity Analysis and Industry Forecast, 2020–2027

A05771
Pages: 296
Jul 2020 | 9439 Views
 
Author(s) : Ayushi Choudhary & Sagnik Chatterjee , Eswara Prasad
Tables: 187
Charts: 44
 

COVID-19

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Biodegradable Plastic Market Outlook - 2027

The global biodegradable plastic market was valued at $1.6 billion in 2019 is expected to reach $4.2 billion by 2027, growing at a CAGR of 13.3% from 2020 to 2027.

Biodegradable plastic is a plant-based plastic with no hazardous effects on the environment. It degrades naturally in base compounds in a reasonable amount of time. Hence, plastic, defined as biodegradable, is made of molecule that can break down naturally by the action of micro-organisms. Some of the major known types of biodegradable plastic include, Polylactic Acid) (PLA), Polybutylene adipate terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), and starch blends.

Biodegrdable-Plastics-Market-2020-2027

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The global biodegradable plastic market is in the introductory phase of the industry life cycle and is expected to explore new growth opportunities during the coming years. Some of the basic factors driving the demand for the market include governmental initiatives to eliminate single use plastic and strict regulatory outlook against the use of conventional plastic products.

Industry trends are shifting toward biobased products to reduce dependence on conventional plastics. Moreover, most of the manufacturers in industries such as packaging, textile and agriculture are shifting toward biobased plastic due to stringent regulations from the government. Such factors are largely impacting the biodegradable plastic market growth.

On the other hand, the growth of the market is negatively impacted by high cost of biodegradable plastic over its conventional counterparts. For instance, polylactic acid based bioplastics are at least eight times as expensive as the petroleum-based plastics. However, new biopalstics made from the skins of tropical fruits at a lower price, are expected to provide lucrative growth opportunities in upcoming times.

The global biodegradable plastic market is segmented on the basis of type, application, and region. Based on type, the market is classified into PolylacticAcid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoates (PHA), starch blends, and others. On the basis of application, the global biodegradable plastic market is categorized into packaging, agriculture, textile, consumer durable and others. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major manufacturers studied and profiled in the global biodegradable plastic market are BASF SE, Dow Inc., Novamont S.p.A., Plantic, Natureworks, Corbion N.V., Biome Technologies plc, Mitsubishi Chemical Holdings, Eastman Chemical Company, and Danimer Scientific.

Biodegradable Plastic, By Region

Europe accounted for the highest revenue share in both biodegradable plastic market. This is attributed to European legal framework and strategies that are expected to boost the extensive use of biobased plastic products and provide growth opportunities for the Europe biodegradable market. LAMEA is expected to witness fastest growth rate owing to the large presence of sugarcane feedstock, which can be utilized for production of bioplastics. Increase in demand for bioplastic products among European customers stimulates the growth of biobased products in this region. European customers choose bioplastic products over conventional plastic products considering their environmental benefits. Thus Europe has significant market share in terms of revenue in the global biodegradable market.

Biodegradable Plastic Market
By Region

2027
Europe 
North America
Asia-pacific
Lamea

LAMEA exhibits CAGR of 15.5%

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Biodegradable plastic, by Type

Starch blends emerged as the global leader in terms of revenue share in the biodegradable plastic market. This is accounted to its demand in flexible packaging and agricultural sector. Starch blends are widely used to decrease the carbon footprint of conventional resins, thus enhancing the market growth. The chemical industry is witnessing a shifting trend from synthetic toward biobased products to build sustainable eco systems. Starch based plastic is biobased as well as biodegradable plastic with low toxicity. Packaging industry is one the major consumers of stanch blends due to its versatile behavior. PLA is expected to witness highest growth owing to increasing application in food packaging as a sustainable source. 

Biodegradable Plastic Market
By Type

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PLA is projected as the most lucrative segment

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Biodegradable plastic, by Application

Packaging emerged as the global leader in terms of revenue in biodegradable plastic market. This is attributed to shifting trend of consumers from synthetic to biobased products in response to the growing environmental awareness. In food packaging, biodegradable plastic is offering a promising functionality and is being used in range of applications. Rise in preferences for packaged food in response to demographic and life style changes directly impact the demand for biodegradable plastic in packaging applications. Agriculture is expected to witness highest growth rate owing to growing application of biodegradable mulch films in agriculture. The biodegradable mulch film is becoming more popular than traditional plastic films. This is attributed to many factors that indicate the market for biodegradable mulch film is developing due to greater decomposition in the soil. It is estimated that 75%-80% content in the mulch film is renewable and its use is increasing.

Biodegradable Plastic Market
By Application

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Agriculture is projected as the most lucrative segment

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COVID-19 Scenario Analysis:

  • The suspended movement of vehicles across the globe is expected to disrupt the logistics of different companies, thus affecting the market growth in the forecast timeframe. 
  • Complete shutdown in the downstream operations lead to high inventory cost. Additionally, delay in upcoming projects and investment cuts will negatively impact the growth. 
  • Rapid growth of single use plastics in mask and gloves industry will further affect the market growth for biodegradable plastics.
  • Delay in key approvals, such as delay in new plant resolution due to travel advisory, currency risks, and subdued demand in emerging countries may hinder the growth.

Key Benefits For Stakeholders

  • The biodegradable plastic market analysis covers in-depth information of major industry participants.
  • Porter’s five forces analysis helps to 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 report provides an in-depth analysis of the biodegradable plastic market forecast for the period 2020–2027.
  • The report provides an in-depth analysis of the biodegradable plastic market share analysis for the period 2020–2027.
  • The report outlines the current biodegradable plastic market trends and future estimations from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets. 
  • The key drivers, restraints, and market opportunity and their detailed impact analysis are elucidated in the study.

Key Market Segments For Biodegrdable Plastics

By Type 

  • PLA (POLYLACTIC ACID) 
  • PBAT (POLYBUTYLENE ADIPATE TEREPHTHALATE) 
  • PBS (POLYBUTYLENE SUCCINATE) 
  • PHA (POLYHYDROXYALKANOATES) 
  • Starch Blends 
  • Others 

By Application 

  • Packaging
  • Agriculture 
  • Consumer Durable 
  • Textile 
  • Others 

By Region 

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

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments for biodegradable plastic
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
3.2.2.Top winning strategies

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

3.4.1.Drivers

3.4.1.1.Eco-friendly nature and rise in consumer adoption of biodegradable plastics
3.4.1.2.High demand of biodegradable plastic in food packaging application
3.4.1.3.Favorable Government Policies towards bioplastic

3.4.2.Restraint

3.4.2.1.High cost of biodegradable plastic

3.4.3.Opportunity

3.4.3.1.Rise in CSR activities and decreasing dependence on petroleum resource

3.5.Impact of key regulations
3.6.Impact of COVID-19 on Biodegradable Plastic
3.7.Production Analysis
3.8.Import /Export analysis

CHAPTER 4:BIODEGRADABLE PLASTIC MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast
4.1.2.Polylactic Acid (PLA)

4.1.2.1.Key market trends, growth factors, and opportunities
4.1.2.2.Market size and forecast, by region
4.1.2.3.Market share analysis, by country

4.1.3.Polybutylene Adipate Terephthalate (PBAT)

4.1.3.1.Key market trends, growth factors, and opportunities
4.1.3.2.Market size and forecast, by region
4.1.3.3.Market share analysis, by country

4.1.4.Polybutylene Succinate (PBS)

4.1.4.1.Key market trends, growth factors, and opportunities
4.1.4.2.Market size and forecast, by region
4.1.4.3.Market share analysis, by country

4.1.5.PHA (Polyhydroxyalkanoates)

4.1.5.1.Key market trends, growth, factors and opportunities
4.1.5.2.Market size and forecast, by Region
4.1.5.3.Market share analysis, by country

4.1.6.Starch blends

4.1.6.1.Key market trends, growth, factors and opportunities
4.1.6.2.Market size and forecast, by Region
4.1.6.3.Market share analysis, by country

4.1.7.Others

4.1.7.1.Key market trends, growth, factors and opportunities
4.1.7.2.Market size and forecast, by Region
4.1.7.3.Market share analysis, by country

CHAPTER 5:BIODEGRADABLE PLASTIC MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast by Biodegradable Plastic 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:BIODEGRADABLE PLASTIC MARKET, BY REGION

6.1.Overview

6.1.1.Market size and forecast by country
6.1.2.Key market trends and opportunities
6.1.3.Market size and forecast by Biodegradable plastic Type
6.1.4.Market size and forecast by Biodegradable plastic Application
6.1.5.Market size and forecast by Country
6.1.6.U.S.

6.1.6.1.Market size and forecast by biodegradable plastic Type
6.1.6.2.Market size and forecast by biodegradable plastic Application

6.1.7.Canada

6.1.7.1.Market size and forecast by biodegradable plastic Type
6.1.7.2.Market size and forecast by biodegradable plastic Application

6.1.8.Mexico

6.1.8.1.Market size and forecast by biodegradable plastic Type
6.1.8.2.Market size and forecast by biodegradable plastic Application

6.2.Europe

6.2.1.Key market trends and opportunities
6.2.1.1.Market size and forecast by Biodegradable Plastic Type
6.2.1.2.Market size and forecast by biodegradable plastic Application
6.2.1.3.Market size and forecast by Country

6.2.2.UK

6.2.2.1.Market size and forecast by biodegradable plastic Type
6.2.2.2.Market size and forecast by biodegradable plastic Application

6.2.3.Germany

6.2.3.1.Market size and forecast by biodegradable plastic Type
6.2.3.2.Market size and forecast by Biodegradable Plastic Application

6.2.4.France

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

6.2.5.Italy

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

6.2.6.Spain

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

6.2.7.Rest of Europe

6.2.7.1.Market size and forecast by Biodegradable Plastic Type
6.2.7.2.Market size and forecast by Biodegradable Plastic Application

6.3.Asia-Pacific

6.3.1.Key market trends and opportunities
6.3.2.Market size and forecast by Biodegradable Plastic Type
6.3.3.Market size and forecast by Biodegradable Plastic Application
6.3.4.Market size and forecast by Country
6.3.5.China

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

6.3.6.India

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

6.3.7.Japan

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

6.3.8.South Korea

6.3.8.1.Market size and forecast by Biodegradable Plastic Type
6.3.8.2.Market size and forecast by Biodegradable Plastic Application

6.3.9.Australia

6.3.9.1.Market size and forecast by Biodegradable Plastic Type
6.3.9.2.Market size and forecast by Biodegradable Plastic Application

6.3.10.Rest of Asia-Pacific

6.3.10.1.Market size and forecast by Biodegradable Plastic Type
6.3.10.2.Market size and forecast by Biodegradable Plastic Application

6.4.LAMEA

6.4.1.Key market trends and opportunities
6.4.2.Market size and forecast by Biodegradable Plastic Type
6.4.3.Market size and forecast by Biodegradable Plastic Application
6.4.4.Market size and forecast by Country
6.4.5.Brazil

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

6.4.6.Saudi Arabia

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

6.4.7.UAE

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

6.4.8.South Africa

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

6.4.9.Rest of LAMEA

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

CHAPTER 7:COMPANY PROFILES

7.1.BASF SE

7.1.1.Company overview
7.1.2.Company snapshot
7.1.3.Operating business segments
7.1.4.Product Portfolio
7.1.5.Business performance
7.1.6.Key strategic moves and developments

7.2.BIOME TECHNOLOGIES PLC.

7.2.1.Company overview
7.2.2.Company snapshot
7.2.3.Operating business segments
7.2.4.Product portfolio
7.2.5.Business performance

7.3.CORBION N.V.

7.3.1.Company overview
7.3.2.Company snapshot
7.3.3.Operating business segments
7.3.4.Product Portfolio
7.3.5.Business performance
7.3.6.Key strategic moves and developments

7.4.DANIMER SCIENTIFIC

7.4.1.Company overview
7.4.2.Company snapshot
7.4.3.Operating business segments
7.4.4.Product Portfolio
7.4.5.Key strategic moves and developments

7.5.DOW INC.

7.5.1.Company overview
7.5.2.Company snapshot
7.5.3.Operating business segments
7.5.4.Product Portfolio
7.5.5.Business performance
7.5.6.Key strategic moves and developments

7.6.EASTMAN CHEMICAL COMPANY

7.6.1.Company overview
7.6.2.Company snapshot
7.6.3.Operating business segments
7.6.4.Product portfolio
7.6.5.Business performance

7.7.KURARAY CO., LTD.

7.7.1.Company overview
7.7.2.Company snapshot
7.7.3.Operating business segments
7.7.4.Product portfolio
7.7.5.Business performance
7.7.6.Key strategic moves and developments

7.8.MITSUBISHI CHEMICAL HOLDINGS

7.8.1.Company overview
7.8.2.Company snapshot
7.8.3.Operating business segments
7.8.4.Product Portfolio
7.8.5.Business performance

7.9.NOVAMONT S.P.A

7.9.1.Company overview
7.9.2.Company snapshot
7.9.3.Operating business segments
7.9.4.Product portfolio
7.9.5.Business performance

7.10.PTT GLOBAL CHEMICAL COMPANY LIMITED

7.10.1.Company overview
7.10.2.Company snapshot
7.10.3.Operating business segments
7.10.4.Product portfolio
7.10.5.Business performance

LIST OF TABLES

TABLE 01.PLA IMPORT, 2015-19 ($THOUSAND)
TABLE 02.PLA IMPORT, 2015-19 (TONS)
TABLE 03.PLA EXPORT, 2015-19 ($THOUSAND)
TABLE 04.PLA EXPORT, 2015-19 (TONS)
TABLE 05.STARCH IMPORT, 2015-19 ($THOUSAND)
TABLE 06.STARCH IMPORT, 2015-19 (TONS)
TABLE 07.STARCH EXPORT, 2015-19 ($THOUSAND)
TABLE 08.STARCH EXPORT, 2015-19 (TONS)
TABLE 09.BIODEGRADABLE PLASTIC MARKET, BY TYPE, 2019–2027 (KILOTONS)
TABLE 10.BIODEGRADABLE PLASTIC MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 11.BIODEGRADABLE PLASTIC MARKET FOR PLA, BY REGION, 2019–2027 (KILOTONS)
TABLE 12.BIODEGRADABLE PLASTIC MARKET FOR PLA, BY REGION, 2019–2027 ($MILLION)
TABLE 13.BIODEGRADABLE PLASTIC MARKET FOR PBAT, BY REGION, 2019–2027 (KILOTONS)
TABLE 14.BIODEGRADABLE PLASTIC MARKET FOR PBAT, BY REGION, 2019–2027 ($MILLION)
TABLE 15.BIODEGRADABLE PLASTIC MARKET FOR PBS, BY REGION, 2019–2027 (KILOTONS)
TABLE 16.BIODEGRADABLE PLASTIC MARKET FOR PBS, BY REGION, 2019–2027 ($MILLION)
TABLE 17.BIODEGRADABLE PLASTIC MARKET FOR PHA, BY REGION, 2019–2027 (KILO TONS)
TABLE 18.BIODEGRADABLE PLASTIC MARKET FOR PHA, BY REGION, 2019–2027 ($MILLION)
TABLE 19.BIODEGRADABLE PLASTIC MARKET FOR STARCH BLENDS, BY REGION, 2019–2027 (KILO TONS)
TABLE 20.BIODEGRADABLE PLASTIC MARKET FOR STARCH BLENDS, BY REGION, 2019–2027 ($MILLION)
TABLE 21.BIODEGRADABLE PLASTIC MARKET FOR OTHERS, BY REGION, 2019–2027 (KILO TONS)
TABLE 22.BIODEGRADABLE PLASTIC MARKET FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 23.GLOBAL BIODEGRADABLE PLASTIC MARKET REVENUE, BY APPLICATION ($MILLION)(2019-2027)
TABLE 24.GLOBAL BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019-2027 (KILOTONS)
TABLE 25.GLOBAL BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 26.GLOBAL BIODEGRADABLE PLASTIC MARKET FOR PACKAGING, BY REGION, 2019–2027 (KILOTONS)
TABLE 27.GLOBAL BIODEGRADABLE PLASTIC MARKET FOR PACKAGING, BY REGION, 2019–2027 ($MILLION)
TABLE 28.GLOBAL BIODEGRADABLE PLASTIC MARKET FOR AGRICULTURE, BY REGION, 2019–2027 (KILOTONS)
TABLE 29.GLOBAL BIODEGRADABLE PLASTIC MARKET FOR AGRICULTURE, BY REGION, 2019–2027 ($MILLION)
TABLE 30.GLOBAL BIODEGRADABLE PLASTIC MARKET FOR CONSUMER DURABLE, BY REGION, 2019–2027 (KILOTONS)
TABLE 31.GLOBAL BIODEGRADABLE PLASTIC MARKET FOR CONSUMER DURABLE, BY REGION, 2019–2027 ($MILLION)
TABLE 32.GLOBAL BIODEGRADABLE PLASTIC MARKET FOR TEXTILE, BY REGION, 2019–2027 (KILOTONS)
TABLE 33.GLOBAL BIODEGRADABLE PLASTIC MARKET FOR TEXTILE, BY REGION, 2019–2027 ($MILLION)
TABLE 34.GLOBAL BIODEGRADABLE PLASTIC MARKET FOR OTHER APPLICATION BY REGION, 2019–2027 (KILOTONS)
TABLE 35.GLOBAL BIODEGRADABLE PLASTIC MARKET FOR OTHER APPLICATION, BY REGION, 2019–2027 ($MILLION)
TABLE 36.GLOBAL BIODEGRADABLE PLASTIC MARKET, BY REGION 2019–2027 (KILOTONS)
TABLE 37.GLOBAL BIODEGRADABLE PLASTIC MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 38.NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 39.NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 40.NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 41.NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 42.NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY COUNTRY 2019–2027 (KILOTONS)
TABLE 43.NORTH AMERICA BIODEGRADABLE PLASTIC MARKET, BY COUNTRY 2019–2027 ($MILLION)
TABLE 44.U.S. BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 45.U.S. BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 46.U.S. BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 47.U.S. BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 48.CANADA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 49.CANADA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 50.CANADA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 51.CANADA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 52.MEXICO BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 53.MEXICO BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 54.MEXICO BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 55.MEXICO BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 56.EUROPE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 57.EUROPE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 58.EUROPE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 59.EUROPE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 60.EUROPE BIODEGRADABLE PLASTIC MARKET, BY COUNTRY 2019–2027 (KILOTONS)
TABLE 61.EUROPE BIODEGRADABLE PLASTIC MARKET, BY COUNTRY 2019–2027 ($MILLION)
TABLE 62.UK BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 63.UK BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 64.UK BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 65.UK BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 66.GERMANY BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 67.GERMANY BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 68.GERMANY BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 69.FRANCE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 70.FRANCE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 71.FRANCE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 72.FRANCE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 73.FRANCE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 74.ITALY BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 75.ITALY BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 76.ITALY BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 77.ITALY BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 78.SPAIN BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 79.SPAIN BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 80.SPAIN BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 81.SPAIN BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 82.REST OF EUROPE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 83.REST OF EUROPE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 84.REST OF EUROPE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 85.REST OF EUROPE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 86.ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 87.ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 88.ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 89.ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 90.ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY COUNTRY 2019–2027 (KILOTONS)
TABLE 91.ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY COUNTRY 2019–2027 ($MILLION)
TABLE 92.CHINA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 93.CHINA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027($MILLION)
TABLE 94.CHINA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 95.CHINA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 96.INDIA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 97.INDIA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 98.INDIA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 99.INDIA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 100.JAPAN BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 101.JAPAN BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 102.JAPAN BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 103.JAPAN BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 104.SOUTH KOREA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 105.SOUTH KOREA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 106.SOUTH KOREA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 107.SOUTH KOREA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 108.AUSTRALIA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 109.AUSTRALIA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 110.AUSTRALIA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 111.AUSTRALIA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 112.REST OF ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 113.REST OF ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 114.REST OF ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 115.REST OF ASIA-PACIFIC BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 116.LAMEA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 117.LAMEA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 118.LAMEA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 119.LAMEA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 120.LAMEA BIODEGRADABLE PLASTIC MARKET, BY COUNTRY 2019–2027 (KILOTONS)
TABLE 121.LAMEA BIODEGRADABLE PLASTIC MARKET, BY COUNTRY2019–2027 ($MILLION)
TABLE 122.LAMEA BIODEGRADABLE PLASTIC MARKET, BY COUNTRY 2019–2027 (KILOTONS)
TABLE 123.LAMEA BIODEGRADABLE PLASTIC MARKET, BY COUNTRY2019–2027 ($MILLION)
TABLE 124.BRAZIL BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 125.BRAZIL BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 126.BRAZIL BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 127.BRAZIL BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 128.SAUDI ARABIA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 129.SAUDI ARABIA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 130.SAUDI ARABIA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 131.SAUDI ARABIA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 132.UAE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 133.UAE BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 134.UAE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 135.UAE BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 136.SOUTH AFRICA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 137.SOUTH AFRICA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 138.SOUTH AFRICA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 139.SOUTH AFRICA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 140.REST OF LAMEA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 (KILOTONS)
TABLE 141.REST OF LAMEA BIODEGRADABLE PLASTIC MARKET, BY TYPE 2019–2027 ($MILLION)
TABLE 142.REST OF LAMEA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 (KILOTONS)
TABLE 143.REST OF LAMEA BIODEGRADABLE PLASTIC MARKET, BY APPLICATION 2019–2027 ($MILLION)
TABLE 144.BASF SE: COMPANY SNAPSHOT
TABLE 145.BASF SE: OPERATING SEGMENTS
TABLE 146.BASF SE: PRODUCT PORTFOLIO
TABLE 147.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 148.BASF SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 149.BIOME TECHNOLOGIES PLC.: COMPANY SNAPSHOT
TABLE 150.BIOME TECHNOLOGIES PLC. : OPERATING SEGMENTS
TABLE 151.BIOME TECHNOLOGIES PLC.: PRODUCT PORTFOLIO
TABLE 152.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 153.CORBION N.V.: COMPANY SNAPSHOT
TABLE 154.CORBION N.V.: OPERATING SEGMENTS
TABLE 155.CORBION N.V.: PRODUCT PORTFOLIO
TABLE 156.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 157.CORBION N.V.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 158.DANIMER SCIENTIFIC: COMPANY SNAPSHOT
TABLE 159.DANIMER SCIENTIFIC: OPERATING SEGMENTS
TABLE 160.DANIMER SCIENTIFIC: PRODUCT PORTFOLIO
TABLE 161.DANIMER SCIENTIFIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 162.DOW INC.: COMPANY SNAPSHOT
TABLE 163.DOW INC. : OPERATING SEGMENTS
TABLE 164.DOW INC. : PRODUCT PORTFOLIO
TABLE 165.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 166.DOW INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 167.EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT
TABLE 168.EASTMAN CHEMICAL COMPANY: OPERATING SEGMENTS
TABLE 169.EASTMAN CHEMICAL COMPANY: PRODUCT PORTFOLIO
TABLE 170.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 171.KURARAY CO., LTD.: COMPANY SNAPSHOT
TABLE 172.ATI: OPERATING SEGMENT
TABLE 173.KURARAY CO., LTD.: PRODUCT PORTFOLIO
TABLE 174.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 175.KURARAY CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 176.MITSUBISHI CHEMICAL HOLDINGS: COMPANY SNAPSHOT
TABLE 177.MITSUBISHI CHEMICAL HOLDINGS: OPERATING SEGMENTS
TABLE 178.MITSUBISHI CHEMICAL HOLDINGS: PRODUCT PORTFOLIO
TABLE 179.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 180.NOVAMONT S.P.A: COMPANY SNAPSHOT
TABLE 181.NOVAMONT S.P.A: OPERATING SEGMENTS
TABLE 182.NOVAMONT S.P.A: PRODUCT PORTFOLIO
TABLE 183.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 184.PTT GLOBAL CHEMICAL COMPANY LIMITED: COMPANY SNAPSHOT
TABLE 185.PTT GLOBAL CHEMICAL COMPANY LIMITED: OPERATING SEGMENTS
TABLE 186.PTT GLOBAL CHEMICAL COMPANY LIMITED: PRODUCT PORTFOLIO
TABLE 187.OVERALL FINANCIAL STATUS ($MILLION)

LIST OF FIGURES

FIGURE 01.TOP INVESTMENT POCKETS, BY BIO DEGRDABLE PLASTIC TYPE
FIGURE 02.TOP WINNING STRATEGIES (2016-2019)
FIGURE 03.TOP WINNING STRATEGIES BY COMPANY (2016-2019)
FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.MODERATE BARGAINING POWER OF BUYERS
FIGURE 06.LOW THREAT OF NEW ENTRANTS
FIGURE 07.LOW THREAT OF SUBSTITUTES
FIGURE 08.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 09.BIODEGRADABLE PLASTIC MARKET DYNAMICS
FIGURE 10.BIODEGRADABLE PLASTIC MARKET, BY TYPE, 2019–2027 ($MILILION)
FIGURE 11.COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR PLA, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR PBAT, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR PBS, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR PHA, BY COUNTRY, 2019& 2027 ($MILLION)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR STARCH BLENDS, BY COUNTRY, 2018 & 2026 ($MILLION)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR OTHERS, BY COUNTRY, 2019& 2027($MILLION)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR PACKAGING, BY COUNTRY, 2019 & 2027($MILLION)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR AGRICULTURE, BY COUNTRY,  2019 & 2027 ($MILLION)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR CONSUMER DURABLE,  BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR TEXTILE, BY COUNTRY, 2019 & 2027 ($MILLION)120
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF BIODEGRADABLE PLASTIC MARKET FOR OTHER APPLICATION, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 22.BASF SE: REVENUE, 2017–2019 ($MILLION)
FIGURE 23.BASF SE: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 24.BASF SE: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 25.BIOME TECHNOLOGIES PLC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 26.BIOME TECHNOLOGIES PLC. : REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 27.BIOME TECHNOLOGIES PLC. : REVENUE SHARE BY REGION, 2019 (%)
FIGURE 28.CORBION N.V.: REVENUE, 2017–2019 ($MILLION)
FIGURE 29.CORBION N.V.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 30.CORBION N.V.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 31.DOW INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 32.DOW INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 33.DOW INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 34.EASTMAN CHEMICAL COMPANY: REVENUE, 2017–2019 ($MILLION)
FIGURE 35.EASTMAN CHEMICAL COMPANY: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 36.EASTMAN CHEMICAL COMPANY: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 37.KURARAY CO., LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 38.KURARAY CO., LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 39.MITSUBISHI CHEMICAL HOLDINGS: REVENUE, 2017–2019 ($MILLION)
FIGURE 40.MITSUBISHI CHEMICAL HOLDINGS: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 41.NOVAMONT S.P.A: REVENUE, 2017–2018 ($MILLION)
FIGURE 42.PTT GLOBAL CHEMICAL COMPANY LIMITED: REVENUE, 2017–2018 ($MILLION)
FIGURE 43.PTT GLOBAL CHEMICAL COMPANY LIMITED: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 44.PTT GLOBAL CHEMICAL COMPANY LIMITED: REVENUE SHARE BY REGION, 2019 (%)

 
 

Biodegradable plastic is considered as the major innovation from renewable material as the world is discovering alternatives to 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 regarding biobased products is providing a new perspective to eliminate usage of conventional plastic. However, higher price of biobased plastic as compared to traditional plastic coupled with low performance standards hamper the market growth.

At present, use of biodegradable plastic in packaging is the highest and is projected to remain the same through 2027 on account of its favorable properties. On the other hand, relative inferior performance of biodegradable plastic especially PLA plastics against traditional petroleum-based plastics is expected to 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, which makes biodegradable plastic a perfect substitute to conventional plastic.

 
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A. Eco-friendly nature and rise in consumer adoption of biodegradable plastics, high demand of biodegradable and compostable plastic in food packaging application, favourable Government Policies towards bioplastic are the factors that drives Compostable and Biodegradable Plastic market growth.

A. The market revenue for biodegradable plastic is $1.6 billion in 2019.

A. Increase in number of manufacturers, favourable 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 regarding bio based products is providing a new perspective to eliminate usage of conventional plastic. Additionally, development of low cost bioplastics from various renewable sources such as sugarcane and fruit skin is expected to steer the market growth.

A. Europe is expected to hold the highest market share in the Biodegradable Plastic market.

A. Product launch, joint venture, partnership are the key growth strategies of Biodegradable Plastic market players.

A. Starch blend based biodegradable plastic is the leading segment in biodegradable plastic market.

A. Packaging industries, food and beverage, consumer durable, bakeries, agriculture, and textile are the potential customers of Biodegradable Plastic industry.

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