Global Biodegradable Plastic Market to Grow at 7.38% During 2025-2033, Impelled by Rising Environmental Concerns Among the Masses

January 06, 2025 | Chemical & Materials

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According to the latest report by IMARC Group, titled "Biodegradable Plastic Market Report by Type (Starch-based, PLA, PBS, PBAT, PHA, and Others), End Use (Packaging, Agriculture, Consumer Goods, and Others), and Region 2025-2033," the global biodegradable plastic market reached a value of USD 5.7 Billion in 2024. Biodegradable plastic refers to an eco-friendly product variant that is generally manufactured using plants or biological materials. It includes renewable raw materials and petroleum-based sources, including bamboo, wheat, sugarcane, and corn. These products are usually degraded naturally in base compounds, such as water, carbon dioxide (CO2), and biomass, by the action of various micro-organisms. It consumes less energy during the manufacturing process, which results in the reduction of emission of greenhouse gases (GHGs), carbon footprint and waste production. As a result, it is widely utilized in the manufacturing of cutlery, crockery, food containers and packaging materials.

Global Biodegradable Plastic Market Trends:

The global market is primarily driven by the increasing awareness regarding the detrimental effects of utilizing non-biodegradable plastic products. Along with this, rising government initiatives of numerous countries to impose bans on the usage of non-biodegradable plastic products are creating a positive outlook for the market across the globe. Moreover, the increasing environmental concerns among individuals have provided a boost to the demand for eco-friendly alternatives, including biodegradable plastic products, on the global level. The market is further driven by the widespread adoption of biodegradable plastic packaging solutions across varied sectors, such as food and beverages, personal care and cosmetics, and fashion. Some of the other factors contributing to the market growth include continual technological advancements, rising investments by public and private firms in the deployment of advanced machinery for the production process and extensive research and development (R&D) activities conducted by key players to introduce improved product variants in the market. Looking forward, the market value is projected to reach USD 11.2 Billion by 2033, expanding at a CAGR of 7.38% during 2025-2033.

Market Summary:

On the basis of the type, the market has been classified into starch-based, PLA, PBS, PBAT, PHA and others.
Based on the end use, the market has been segregated into packaging, agriculture, consumer goods and others.
On the basis of the region, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include 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 Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
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
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)

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Global Biodegradable Plastic Market to Grow at 7.38% During 2025-2033, Impelled by Rising Environmental Concerns Among the Masses

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