Report Detail
Biodegradable Plastic Market to 2027 - Global Analysis and Forecasts by Type (PLA, PHA, Starch Blends, PBS, PBAT, and Others), End User (Packaging and Bags, Agriculture & Horticulture, Consumer Goods, and Others), and Geography
- RnM3806296 |
- 07 October, 2019 |
- Global |
- 164 Pages |
- The Insight Partners |
- Other
The global biodegradable plastic market accounted for US$ 2,989.8 Mn in 2018 and is expected to grow at a CAGR of 14.5% during the forecast period 2019 - 2027, to account to US$ 10,086.2 Mn by 2027. Biodegradable plastic can be decomposed by the action of living organisms, usually microbes, into the water, carbon dioxide, and biomass. It is produced with renewable raw materials, microorganisms, and petrochemicals. Currently, excessive plastic waste and its disposal have become a major environmental issue globally. Biodegradable plastics are used as an effective and environment-friendly alternative to commercial plastic. Significant reduction in carbon emissions during the manufacturing process is a major advantage of biodegradable plastics over conventional plastics. This factor further boosts the growth of the biodegradable plastic market. Apart from taking significantly lesser time to break down, compared to conventional plastic, biodegradable plastic can also be further recycled to create more plastic products such as packaging bags. This further propels the growth of biodegradable plastic over the forecast period. However, the high cost of biodegradable plastic as compared to conventional plastic is projected to hamper the growth of the biodegradable plastic market.
The customers in developed and developing countries have become more aware of the ill effects of conventional plastics on their lifestyle and the environment. As a result, they demand more environmentally friendly products, which leads to a decrease in the use of crude oil and natural gas, thereby reducing carbon footprints. Biodegradable plastic is an alternative for nearly all conventional plastics used in a diverse range of applications. These plastics offer innovative solutions with enhanced properties, along with distinctive ability to reduce emissions as well as provide the same qualities and functionalities as that of conventional plastics. Therefore, rising demand for more sustainable plastic products provides a huge opportunity for the key players operating in the biodegradable plastic market.
Many industry players from packaging, agriculture, consumer goods, and textile, among others, are inclined toward delivering biodegradable plastic products owing to the rising awareness about the impact of plastic consumption on the environment. Various organizations are working toward bringing transformation in the handling of plastics, through strategic planning, communication, consumer awareness campaigns, documentary films, education, cleanup campaigns, raising business awareness, scientific research, entrepreneurial innovation, legislation, and sustainability. The key aim is to increase the understanding of users regarding plastic pollution, thereby encouraging the invention of more sustainable solutions, and empowerment of more people and business organizations to take action to stop plastic pollution. Moreover, increasing efforts to develop new biodegradable plastic products leads to growing biodegradable plastic market. Moreover, the revolution in consumer demand on the basis of environmental awareness, packaging convenience, and sustainable plastic production systems is boosting the global biodegradable plastic market growth.
Some of the players present in global biodegradable plastic market are API SpA, BASF S.E, FKuR Kunststoff GmbH, Green Dot Bioplastics, Novamont S.p.A, Kingfa Sci. & Tech. Co., Ltd., GuangDong Huazhilu Biological Material Co., Ltd, Mitsubishi Chemical Corporation, Plantic Technologies Limited, and Total Corbion PLA, among others.
The overall global biodegradable plastic market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the biodegradable plastic market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the biodegradable plastic market.
TABLE OF CONTENTS
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Global Biodegradable Plastics Market - By Type
- 1.3.2 Global Biodegradable Plastics Market - By End User
- 1.3.3 Global Biodegradable Plastics Market - By Geography
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Biodegradable Plastic Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 North America PEST Analysis
- 4.2.2 Europe PEST analysis
- 4.2.3 APAC PEST Analysis
- 4.2.4 MEA PEST Analysis
- 4.2.5 South America PEST Analysis
- 4.3 Expert Opinions
5. Biodegradable Plastic Market - Key Industry Dynamics
- 5.1 Key Market Drivers
- 5.1.1 Increasing awareness among customers about adverse effects of conventional Plastics
- 5.1.2 Rising government initiatives to ban conventional Plastics and related products
- 5.2 Key Market Restraints
- 5.2.1 Higher cost of biodegradable Plastics than conventional Plastics
- 5.3 Key Market Opportunities
- 5.3.1 Surge in need for sustainable packaging solutions
- 5.4 Future trends
- 5.4.1 Emerging use of biodegradable Plastics in biomedical application
- 5.5 Impact Analysis of Drivers and Restraints
- 5.6 List of Buyers for Biodegradable Plastic
6. Biodegradable Plastic- Global Market Analysis
- 6.1 Global Biodegradable Plastic Market Overview
- 6.2 Biodegradable Plastic Market Forecast and Analysis
- 6.3 Market Positioning
7. Global Biodegradable Plastics Market Analysis - By Type
- 7.1 Overview
- 7.2 Global Biodegradable Plastics Market Breakdown, By Type, 2018 & 2027
- 7.3 PHA
- 7.3.1 Overview
- 7.3.2 Global PHA Biodegradable Plastics Market Revenue and Forecasts To 2027 (US$ Mn)
- 7.4 PLA
- 7.4.1 Overview
- 7.4.2 Global PLA Biodegradable Plastics Market Revenue and Forecasts to 2027 (US$ MN)
- 7.5 Starch Blends
- 7.5.1 Overview
- 7.5.2 Global Starch Blends Biodegradable Plastics Market Revenue and Forecasts To 2027 (US$ Mn)
- 7.6 PBS
- 7.6.1 Overview
- 7.6.2 Global PBS Biodegradable Plastics Market Revenue and Forecasts To 2027 (US$ Mn)
- 7.7 PBAT
- 7.7.1 Overview
- 7.7.2 Global PBAT Biodegradable Plastics Market Revenue and Forecasts To 2027 (US$ Mn)
- 7.8 Others
- 7.8.1 Overview
- 7.8.2 Global Other Biodegradable Plastics Market Revenue and Forecasts To 2027 (US$ Mn)
8. Global Biodegradable Plastics Market Analysis - By End User
- 8.1 Overview
- 8.2 Global Biodegradable Plastics Market Breakdown, By End User, 2018 & 2027
- 8.3 Packaging and Bags
- 8.3.1 Overview
- 8.3.2 Global Packaging and Bags Market Revenue and Forecasts to 2027 (US$ MN)
- 8.4 Agriculture and Horticulture
- 8.4.1 Overview
- 8.4.2 Global Agriculture and Horticulture Revenue And Forecasts to 2027 (US$ MN)
- 8.5 Consumer Goods
- 8.5.1 Overview
- 8.5.2 Global Consumer Goods Revenue And Forecasts to 2027 (US$ MN)
- 8.6 Others
- 8.6.1 Overview
- 8.6.2 Global Others Revenue Forecasts to 2027 (US$ MN)
9. Biodegradable Plastics Market - Geographical Analysis
- 9.1 Overview
- 9.2 North America Biodegradable Plastics Market Revenue and Forecasts To 2027
- 9.2.1 North America Biodegradable Plastics Market Revenue and forecast Forecasts to 2027 (US$ MN)
- 9.2.2 North America Biodegradable Plastics Market Breakdown by Type
- 9.2.3 North America Biodegradable Plastics Market Breakdown by End User
- 9.2.4 North America Biodegradable Plastics Market Breakdown, by Key Countries
- 9.2.4.1 U.S. Biodegradable Plastics Market Revenue and forecast Forecasts to 2027 (US$ MN)
- 9.2.4.1.1 US Biodegradable Plastics Market Breakdown by Type
- 9.2.4.1.2 US Biodegradable Plastics Market Breakdown by End User
- 9.2.4.2 Canada Biodegradable Plastics Market Revenue and forecast Forecasts to 2027 (US$ MN )
- 9.2.4.2.1 Canada Biodegradable Plastics Market Breakdown by Type
- 9.2.4.2.2 Canada Biodegradable Plastics Market Breakdown by End User
- 9.2.4.3 Mexico Biodegradable Plastics Market Revenue and forecast Forecasts to 2027 (US$ MN )
- 9.2.4.3.1 Mexico Biodegradable Plastics Market Breakdown by Type
- 9.2.4.3.2 Mexico Biodegradable Plastics Market Breakdown by End User
- 9.3 Europe Biodegradable Plastics Market Revenue Forecasts To 2027
- 9.3.1 Europe Biodegradable Plastics Market Revenue and forecast Forecasts to 2027 (US$ MN)
- 9.3.2 Europe Biodegradable Plastics Market Breakdown by Type
- 9.3.3 Europe Biodegradable Plastics Market Breakdown by End User
- 9.3.4 Europe Biodegradable Plastics Market Breakdown, by Key Countries
- 9.3.4.1 Germany Biodegradable Plastics Market Revenue Forecasts to 2027 (US$ MN)
- 9.3.4.1.1 Germany Biodegradable Plastics Market Breakdown by Type
- 9.3.4.1.2 Germany Biodegradable Plastics Market Breakdown by End User
- 9.3.4.2 France Biodegradable Plastics Market Revenue Forecasts to 2027 (US$ MN)
- 9.3.4.2.1 France Biodegradable Plastics Market Breakdown by Type
- 9.3.4.2.2 France Biodegradable Plastics Market Breakdown by End User
- 9.3.4.3 Italy Biodegradable Plastics Market Revenue Forecasts to 2027 (US$ MN )
- 9.3.4.3.1 Italy Biodegradable Plastics Market Breakdown by Type
- 9.3.4.3.2 Italy Biodegradable Plastics Market Breakdown by End User
- 9.3.4.4 UK Biodegradable Plastics Market Revenue Forecasts to 2027 (US$ MN)
- 9.3.4.4.1 UK Biodegradable Plastics Market Breakdown by Type
- 9.3.4.4.2 UK Biodegradable Plastics Market Breakdown by End user
- 9.3.4.5 Russia Biodegradable Plastics Market Revenue Forecasts to 2027 (US$ MN)
- 9.3.4.5.1 Russia Biodegradable Plastics Market Breakdown by Type
- 9.3.4.5.2 Russia Biodegradable Plastics Market Breakdown by End User
- 9.3.4.6 Rest of Europe Biodegradable Plastics Market Revenue Forecasts to 2027 (US$ MN)
- 9.3.4.6.1 Rest Of Europe Biodegradable Plastics Market Breakdown by Type
- 9.3.4.6.2 Rest Of Europe Biodegradable Plastics Market Breakdown by End user
- 9.4 Asia Pacific Biodegradable Plastic Market Revenue and Forecasts to 2027
- 9.4.1 Asia Pacific Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ Mn)
- 9.4.2 Asia Pacific Biodegradable Plastic Market Breakdown by Type
- 9.4.3 Asia Pacific Biodegradable Plastic Market Breakdown by End User
- 9.4.4 Asia Pacific Biodegradable Plastic Market Breakdown, by Key Countries
- 9.4.4.1 Australia Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
- 9.4.4.1.1 Australia Biodegradable Plastic Market Breakdown by Type
- 9.4.4.1.2 Australia Biodegradable Plastic Market Breakdown by End User
- 9.4.4.2 China Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
- 9.4.4.2.1 China Biodegradable Plastic Market Breakdown by Type
- 9.4.4.2.2 China Biodegradable Plastic Market Breakdown by End User
- 9.4.4.3 India Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
- 9.4.4.3.1 India Biodegradable Plastic Market Breakdown by Type
- 9.4.4.3.2 India Biodegradable Plastic Market Breakdown by End User
- 9.4.4.4 Japan Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
- 9.4.4.4.1 Japan Biodegradable Plastic Market Breakdown by Type
- 9.4.4.4.2 Japan Biodegradable Plastic Market Breakdown by End User
- 9.4.4.5 South Korea Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
- 9.4.4.5.1 South Korea Biodegradable Plastic Market Breakdown by Type
- 9.4.4.5.2 South Korea Biodegradable Plastic Market Breakdown by End User
- 9.4.4.6 Rest of Asia Pacific Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
- 9.4.4.6.1 Rest of Asia Pacific Biodegradable Plastic Market Breakdown by Type
- 9.4.4.6.2 Rest of Asia Pacific Biodegradable Plastic Market Breakdown by End User
- 9.5 Middle East And Africa Biodegradable Plastics Market Revenue And Forecasts To 2027
- 9.5.1 Middle East and Africa Biodegradable Plastics Market Revenue and Forecasts to 2027 (US$ MN)
- 9.5.2 Middle East and Africa Biodegradable Plastics Market Breakdown by Type
- 9.5.3 Middle East and Africa Biodegradable Plastics Market Breakdown by End User
- 9.5.4 Middle East and Africa Biodegradable Plastics Market Breakdown, by Key Countries
- 9.5.4.1 South Africa Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
- 9.5.4.1.1 South Africa Biodegradable Plastic Market Breakdown by Type
- 9.5.4.1.2 South Africa Biodegradable Plastic Market Breakdown by End User
- 9.5.4.2 Saudi Arabia Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
- 9.5.4.2.1 Saudi Arabia Biodegradable Plastic Market Breakdown by Type
- 9.5.4.2.2 Saudi Arabia Biodegradable Plastic Market Breakdown by End User
- 9.5.4.3 UAE Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
- 9.5.4.3.1 UAE Biodegradable Plastic Market Breakdown by Type
- 9.5.4.3.2 UAE Biodegradable Plastic Market Breakdown by End User
- 9.5.4.4 Rest Of MEA Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
- 9.5.4.4.1 Rest Of MEA Biodegradable Plastic Market Breakdown by Type
- 9.5.4.4.2 Rest Of MEA Biodegradable Plastic Market Breakdown by End User
- 9.6 South America Biodegradable Plastic Market Revenue and Forecasts to 2027
- 9.6.1 South America Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ Mn)
- 9.6.2 South America Biodegradable Plastic Market Breakdown by Type
- 9.6.3 South America Biodegradable Plastic Market Breakdown by End User
- 9.6.4 South America Biodegradable Plastic Market Breakdown, by Key Countries
- 9.6.4.1 Brazil Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
- 9.6.4.1.1 Brazil Biodegradable Plastic Market Breakdown by Type
- 9.6.4.1.2 Brazil Biodegradable Plastic Market Breakdown by End User
- 9.6.4.2 Argentina Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
- 9.6.4.2.1 Argentina Biodegradable Plastic Market Breakdown by Type
- 9.6.4.2.2 Argentina Biodegradable Plastic Market Breakdown by End User
- 9.6.4.3 Rest of South America Biodegradable Plastic Market Revenue Forecasts to 2027 (US$ MN)
- 9.6.4.3.1 Rest of SAM Biodegradable Plastic Market Breakdown by Type
- 9.6.4.3.2 Rest of SAM Biodegradable Plastic Market Breakdown by End User
10. Industry Landscape
- 10.1 New Development
- 10.2 Strategy And Business Planning
11. Company Profiles
- 11.1 API SpA
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.2 BASF S.E.
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 FKuR Kunststoff GmbH
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.4 Green Dot BioPlastics
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Novamont S.p.A.
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.6 Kingfa Sci. & Tech. Co., Ltd.
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.7 GuangDong Huazhilu Biological Material Co., Ltd.
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.8 Mitsubishi Chemical Corporation
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Plantic Technologies Limited
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 Total Corbion PLA
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners
Summary:
Get latest Market Research Reports on Biodegradable Plastic . Industry analysis & Market Report on Biodegradable Plastic is a syndicated market report, published as Biodegradable Plastic Market to 2027 - Global Analysis and Forecasts by Type (PLA, PHA, Starch Blends, PBS, PBAT, and Others), End User (Packaging and Bags, Agriculture & Horticulture, Consumer Goods, and Others), and Geography. It is complete Research Study and Industry Analysis of Biodegradable Plastic market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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