Market Overview:
The global biodegradable plastic market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Biodegradable plastics are made using petroleum-based sources and renewable raw materials, such as corn, wheat, bamboo, and sugarcane. They are degraded by microorganisms like fungi and bacteria into water, biomass, and carbon dioxide (CO2). As a result, they are utilized in different ways, from flexible packing materials for different food products to extruded, injection-molded in conventional machines. Presently, the excessive use of disposable single-use plastics and their negative impact on the environment and human health is catalyzing the demand for biodegradable plastics worldwide.
Biodegradable Plastic Market Trends:
Biodegradable plastics are used in the agriculture and horticulture sectors for manufacturing mulching films and plant pots. This, in confluence with the increasing utilization of agricultural products in the burgeoning food and beverage (F&B) sector, represents one of the key factors bolstering the market growth. Moreover, governing agencies of numerous countries are imposing bans on non-biodegradable plastics on account of rising environmental concerns. They are also implementing high standards and introducing certification systems to manage the quality of products. This, coupled with the growing awareness about the detrimental impact of plastics, is positively influencing the demand for eco-friendly alternatives like biodegradable plastics. Apart from this, the surging use of online food delivery applications and boosting sales of ready-to-eat (RTE) products is promoting the adoption of biodegradable plastics for food packaging and compostable bags. Furthermore, several leading companies are focusing on shifting their production facilities of biodegradable polymers to emerging countries due to affordable human resources and the convenience of feedstock acquisition. They are also improving manufacturing procedures and chemical additives. This is anticipated to increase the development and application of biodegradable plastics in various countries, thereby strengthening the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global biodegradable plastic market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type and end use.
Breakup by Type:
- Starch-based
- PLA
- PBS
- PBAT
- PHA
- Others
Breakup by End Use:
- Packaging
- Agriculture
- Consumer Goods
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Biome Technologies plc, Bio-on S.p.A., Corbion N.V., Danimer Scientific, Eastman Chemical Company, Mitsubishi Chemical Corporation, NatureWorks LLC (Cargill Incorporated), Novamont S.p.A., Plantic Technologies Limited (KURARAY CO. LTD.), Toray Industries Inc. and Total Corbion PLA.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| Units |
US$ Billion |
| Segment Coverage |
Type, End Use, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
BASF SE, Biome Technologies plc, Bio-on S.p.A., Corbion N.V., Danimer Scientific, Eastman Chemical Company, Mitsubishi Chemical Corporation, NatureWorks LLC (Cargill Incorporated), Novamont S.p.A., Plantic Technologies Limited (KURARAY CO. LTD.), Toray Industries Inc. and Total Corbion PLA |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global biodegradable plastic market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global biodegradable plastic market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global biodegradable plastic market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Biodegradable Plastic Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Starch-based
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 PLA
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 PBS
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 PBAT
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 PHA
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by End Use
7.1 Packaging
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Agriculture
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Consumer Goods
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 BASF SE
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Biome Technologies plc
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.3 Bio-on S.p.A.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Corbion N.V.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.5 Danimer Scientific
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Eastman Chemical Company
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Mitsubishi Chemical Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 NatureWorks LLC (Cargill Incorporated)
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Novamont S.p.A.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Plantic Technologies Limited (KURARAY CO. LTD.)
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 Toray Industries Inc.
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
13.3.12 Total Corbion PLA
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Biodegradable Plastic Market: Major Drivers and Challenges
Figure 2: Global: Biodegradable Plastic Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Biodegradable Plastic Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Biodegradable Plastic Market: Breakup by Type (in %), 2020
Figure 5: Global: Biodegradable Plastic Market: Breakup by End Use (in %), 2020
Figure 6: Global: Biodegradable Plastic Market: Breakup by Region (in %), 2020
Figure 7: Global: Biodegradable Plastic (Starch-based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Biodegradable Plastic (Starch-based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Biodegradable Plastic (PLA) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Biodegradable Plastic (PLA) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Biodegradable Plastic (PBS) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Biodegradable Plastic (PBS) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Biodegradable Plastic (PBAT) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Biodegradable Plastic (PBAT) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Biodegradable Plastic (PHA) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Biodegradable Plastic (PHA) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Biodegradable Plastic (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Biodegradable Plastic (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Biodegradable Plastic (Packaging) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Biodegradable Plastic (Packaging) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Biodegradable Plastic (Agriculture) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Biodegradable Plastic (Agriculture) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Biodegradable Plastic (Consumer Goods) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Biodegradable Plastic (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Biodegradable Plastic (Other End Uses) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Biodegradable Plastic (Other End Uses) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: North America: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: North America: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: United States: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: United States: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Canada: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Canada: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Asia-Pacific: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Asia-Pacific: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: China: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: China: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Japan: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Japan: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: India: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: India: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: South Korea: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: South Korea: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Australia: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Australia: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Indonesia: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Indonesia: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Others: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Others: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Europe: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Europe: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Germany: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Germany: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: France: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: France: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: United Kingdom: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: United Kingdom: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Italy: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Italy: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Spain: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Spain: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Russia: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Russia: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Others: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Others: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Latin America: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Latin America: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Brazil: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Brazil: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Mexico: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Mexico: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Others: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Others: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Middle East and Africa: Biodegradable Plastic Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Middle East and Africa: Biodegradable Plastic Market: Breakup by Country (in %), 2020
Figure 75: Middle East and Africa: Biodegradable Plastic Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Global: Biodegradable Plastic Industry: SWOT Analysis
Figure 77: Global: Biodegradable Plastic Industry: Value Chain Analysis
Figure 78: Global: Biodegradable Plastic Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Biodegradable Plastic Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Biodegradable Plastic Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Biodegradable Plastic Market Forecast: Breakup by End Use (in Million US$), 2021-2026
Table 4: Global: Biodegradable Plastic Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Biodegradable Plastic Market: Competitive Structure
Table 6: Global: Biodegradable Plastic Market: Key Players