Biodegradable Plastics Market by Type (PLA, Starch Blends, PHA, Biodegradable Polyesters), End Use Industry (Packaging, Consumer Goods, Textile, Agriculture & Horticulture), and Region (APAC, Europe, North America & RoW) - Global Forecast to 2026
[236 Pages Report] The global biodegradable plastics market size is projected to grow from USD 7.7 billion in 2021 to USD 23.3 billion by 2026, at a CAGR of 24.9% between 2021 and 2026. Increasing demand for biodegradable plastics from various end-use segments, stringent regulatory & sustainability mandates, and growing concerns for the environment is driving the market for biodegradable plastics.
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COVID-19 impact on global biodegradable plastics market
Biodegradable plastics are used in various industries, such as packaging, consumer goods, textiles and agriculture & horticulture. However, due to the ongoing pandemic, the industries had been affected throughout the world. Manpower shortage, logistical restrictions, material unavailability, and other restrictions had slowed the growth of the industry during the previous year. Due to the outbreak of the Covid-19 pandemic and its gradual spread, industries of essential needs, like getting foods and required supplies safely to the consumers are increasingly affected. The global impact has led to sharp reduction in demand for some types of packaging which are condemned as non-essential. On the other hand the demand for essential packaging such as e-commerce shipment has seen massive growth. These changes are presenting the packaging companies with new set of challenges. The affect of Covid-19 pandemic on the packaging industry will be mixed due to these reasons. The Covid-19 pandemic has affected the normal functioning of companies in the consumer goods sector. The successful marketing model has been impacted by the pandemic, which has furthered the proper functioning of business model. Due to the supply chain disruptions around the globe, 76% of the businesses had to reduce revenue targets by an average of 23%, as per Institute for Supply Management Research. The sector has mixed market feelings as some sectors such as household cleaning and frozen foods have seen increase in consumer demands whereas others have seen drop in sales and significant decrease in food traffic in retail stores. The companies had to become flexible with the change in consumer demand towards e-commerce. This as forced the entire consumer goods industry into digital age.
Biodegradable plastics Market Dynamics
Driver: Changing consumer preference toward eco-friendly plastic
Improving consumer awareness regarding sustainable plastic solutions and increasing efforts to eliminate the use of non-biodegradable conventional plastics contribute to the market growth of biodegradable plastics. Traditionally used petroleum-based plastics take decades to break down or degrade and lay in the landfills for a long period. Biodegradable plastics break down faster when they are discarded and are absorbed back into the natural system. In addition, the rate of decomposition of biodegradable plastics by the activities of microorganisms is much faster than that of traditional plastics.
Biodegradable plastics break down 60% and more within 180 days or less as compared with traditional plastics, which take around 1,000 years to break down. Increasing landfills and waste piles have emerged as serious environmental hazards and resulted in numerous adverse effects on the flora and fauna of the ecosystem. The growing consumer awareness regarding these adverse effects (arising from the use of traditional plastics) is encouraging the use of biodegradable plastics. Therefore, the shift in consumer preference toward the use of eco-friendly plastic products is driving the market for biodegradable plastics.
Restraint: Higher prices of biodegradable plastics than conventional plastics
The higher cost of biodegradable plastics than that of traditional polymers restrains the market's growth in many application segments. Generally, the production cost of biodegradable plastics is 20-80% higher than that of conventional plastics. This is primarily due to the high polymerization cost of biodegradable plastics as most of the processes are still in the development stage and hence, have not achieved economies of scale.
For example, PHAs, which have various applications in binders, synthetic papers, medical devices, electronic parts, food packaging, and agriculture, have high production costs, low yields, and limited availability. PLAs, which have a much lower production cost than PHAs, are still more expensive than petroleum-based PE and PP. In general, bio-based materials are still at the development stage. They have not been commercialized to the same level as their petrochemical counterparts, which have been developing rapidly for more than 50 years.
The cost of biodegradable plastics varies from USD 2/kg to USD 6/kg compared with that of traditional plastics, which is approximately USD 1/kg to USD 2/kg. Higher R&D and production costs due to small-scale production and the significant price difference in comparison to traditional petroleum-based plastics are the key factors, which contribute to the low penetration of biodegradable plastics in various industries.
Opportunity: Development of new applications
With the increasing focus on sustainability and favorable government regulations for green procurement policies, biodegradable plastic manufacturers have significant opportunities in the new end-use industries such as electronics, medical, and automotive. The manufacturers are investing heavily in R&D activities for the use of biodegradable plastics in various applications in the medical industry, such as stitching materials, screws, and implants. Biodegradable plastics such as PLA and bio-PBS are used for manufacturing medical devices & equipment. Biodegradable plastics are used in tires with starch-based materials in the automotive industry to reduce fuel consumption. They are also used for making electrical equipment more efficient and cost-effective. The packaging application is also expected to witness significant growth. Biodegradable mulch films have an extensive application in the agriculture industry. Catering to the food products segment is a highly demanded and important application of biodegradable plastics, including trays, cutleries, and cups.
Initially, biodegradable plastics were used for niche products. The development of newer applications of biodegradable plastics is providing opportunities to its manufacturers.
Challenge: Performance issue
Low barrier properties to air, water, and oxygen and low resistance to heat are some of the major performance issues related to biodegradable plastics. This restricts its penetration in various industries, including electronics and automotive. In addition, poor mechanical properties such as low impact & tensile strength and process capabilities are restricting the penetration of biodegradable plastics in various applications. These performance limitations of biodegradable plastics act as a major challenge for the growth of the market.
In terms of value, the packaging is projected to account for the largest share of the biodegradable plastics market, by end-use industry, during the forecast period.
Packaging is the largest end-use industry for the application of biodegradable plastics. They accounted for the share of 53.5%, in 2020, for the global biodegradable plastics market. Increasing environmental regulations and changes in the lifestyle of consumers have increased the demand for biodegradable plastics in the packaging industry. Plastics have high durability and impermeability to water, which has encouraged their use in packaging. Packaging applications of biodegradable plastics include food packaging, healthcare packaging, cosmetic & personal care packaging, shopping bags, and others.
Focus of governments on green procurement policies and regulations to increase the demand for biodegradable plastics.
The growing need to reduce the dependency on conventional fossil fuels is propelling the demand for bio-based products. This is also supported by the new policies and regulations implemented and adopted by the government bodies globally. These regulations include banning or implementing additional surcharges on the use of conventional plastics in applications, such as shopping bags, packaging materials, and disposables. These increasing regulations and prohibitions against plastic bags and other plastic items are driving the market for bioplastics, especially biodegradable plastics, worldwide.
APAC is expected to be the second fastest-growing market during the forecast period.
Based on region, the biodegradable plastics market has been segmented into APAC, Europe, North America, RoW. . The growth of the biodegradable plastics market in APAC is attributed to the easy availability of raw materials used to manufacture biodegradable plastics. The future growth of biodegradable plastics in APAC highly depends on the awareness about the use of biodegradable plastics as a viable alternative to traditional plastics and price reduction.
Key Market Players
Major players operating in the global biodegradable plastics market include BASF (Germany), NatureWorks (US), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Plantic Technologies (Australia), Danimer Scientific (US), and Fkur Kunstsoff (Germany).
Scope of the report
|
Report Metric |
Details |
|
Years considered for the study |
20172026 |
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Base year |
2020 |
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Forecast period |
20212026 |
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Units considered |
Value (USD Million), Kiloton(KT) |
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Segments |
Type, End-use Industry, Region |
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Regions |
North America, Europe, APAC and RoW |
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Companies |
BASF (Germany), NatureWorks (US), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Plantic Technologies (Australia), Danimer Scientific (US), and Fkur Kunstsoff (Germany). |
This research report categorizes the Biodegradable plastics market based on type, end-use industry, and region.
Based on the type:
- PLA
- Starch Blends
- PHA
- Biodegradable Polyesters
- PCL
- PBAT
- PBS
- Others
- Regenrative Cellulose
- Cellulose Derivative
Based on the end-use industry:
- Packaging
- Rigid Packaging
- Flexible Packaging
- Consumer Goods
- Electrical Appliances
- Domestic Appliances
- Others
- Textiles
- Medical & Healthcare Textile
- Personal care, clothes and other textiles
- Agriculture & Horticulture
- Tapes & Mulch Films
- Others
Based on the region:
- APAC
- Europe
- North America
- Rest of World (RoW)
Recent Developments
- In April 2021, NatureWorks announced a new strategic partnership with IMA Coffee, which is a market leader in coffee handling processing and packaging. This partnership aims at increasing the market reach for high-performing compostable K-cup in North America.
- In February 2020, BASF and Fabbri Group (Italy) formed a joint venture to develop a sustainable solution for cling film used in fresh-food packaging. The film will be used in wrapping meat, seafood, and fresh fruits & vegetables. It will be made by the Fabbri group with BASF's Ecovio bioplastic and will boost the demand for biodegradable plastics in packaging applications.
Frequently Asked Questions (FAQ):
What are the factors influencing the growth of the biodegradable plastics market?
The growth of this market can be attributed to rising demand in the developing countries undergoing industrialization and increasing awareness towards environment.
Which are the key sectors driving the biodegradable plastics market?
The sectors driving the demand for biodegradable plastics are packaging, consumer goods, textiles and agriculture & horticulture, among others.
Who are the major manufacturers?
Major manufactures include BASF (Germany), NatureWorks (US), Total Corbion (Netherlands), Novamont (Italy), Biome Bioplastics (UK), Mitsubishi Chemical Holding Corporation (Japan), Toray Industries (Japan), Plantic Technologies (Australia), Danimer Scientific (US), and Fkur Kunstsoff (Germany), among others.
What is the biggest restraint for biodegradable plastics?
The biggest restraint can be the higher price of biodegradable plastics than the conventional plastics.
How is COVID-19 affecting the overall biodegradable plastics market?
Due to the ongoing pandemic, the chemical industry has been severely affected throughout the world. Manpower shortage, logistical restrictions, material unavailability, and other restrictions have slowed the growth of the industry in a considerable manner.
What will be the growth prospects of the biodegradable plastics market?
Rising population, rapid urbanization and government regulations in emerging economies coupled with an increase in environmental awareness and the need for biobased society.. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 32)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 BIODEGRADABLE PLASTICS MARKET: INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 36)
2.1 RESEARCH DATA
FIGURE 1 BIODEGRADABLE PLASTICS: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Primary interviews Demand and Supply-side
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 2 BIODEGRADABLE PLASTICS MARKET: TOP-DOWN APPROACH
FIGURE 3 MARKET SIZE ESTIMATION: BIODEGRADABLE PLASTICS MARKET TOP-DOWN APPROACH
2.3 FORECAST NUMBER CALCULATION
FIGURE 4 DEMAND-SIDE FORECAST PROJECTIONS
2.4 DATA TRIANGULATION
FIGURE 5 BIODEGRADABLE PLASTICS MARKET: DATA TRIANGULATION
2.5 FACTOR ANALYSIS
2.6 ASSUMPTIONS
2.7 LIMITATIONS & RISKS ASSOCIATED WITH THE BIODEGRADABLE PLASTICS MARKET
3 EXECUTIVE SUMMARY (Page No. - 46)
FIGURE 6 PLA TO LEAD THE BIODEGRADABLE PLASTICS MARKET DURING THE FORECAST PERIOD
FIGURE 7 THE PACKAGING INDUSTRY TO DOMINATE THE BIODEGRADABLE PLASTICS MARKET BETWEEN 2021 AND 2026
FIGURE 8 EUROPE LED THE BIODEGRADABLE PLASTICS MARKET IN 2020
4 PREMIUM INSIGHTS (Page No. - 49)
4.1 SIGNIFICANT OPPORTUNITIES IN THE BIODEGRADABLE PLASTICS MARKET
FIGURE 9 HIGH GROWTH POTENTIAL IN THE PACKAGING INDUSTRY TO DRIVE THE MARKET
4.2 EUROPE: BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY AND COUNTRY
FIGURE 10 THE PACKAGING INDUSTRY DOMINATED THE MARKET IN EUROPE
4.3 BIODEGRADABLE PLASTICS MARKET, BY TYPE
FIGURE 11 PLA TO LEAD THE BIODEGRADABLE PLASTICS MARKET
4.4 BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY
FIGURE 12 PACKAGING TO CAPTURE THE HIGHEST SHARE DURING THE FORECAST PERIOD
4.5 BIODEGRADABLE PLASTICS MARKET, BY REGION
FIGURE 13 INDIA TO BE THE FASTEST-GROWING BIODEGRADABLE PLASTICS MARKET DURING THE FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 52)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE BIODEGRADABLE PLASTICS MARKET
5.2.1 DRIVERS
5.2.1.1 Changing consumer preference toward eco-friendly plastic products
TABLE 1 ADVERSE HEALTH EFFECTS DUE TO USE OF CONVENTIONAL PLASTICS
5.2.1.2 Increasing use in packaging and compostable bag applications
5.2.1.3 Government focus on green procurement policies and regulations
TABLE 2 REGULATIONS ON THE USE OF PLASTIC BAGS
5.2.2 RESTRAINTS
5.2.2.1 Higher prices of biodegradable plastics than conventional plastics
FIGURE 15 GLOBAL BIODEGRADABLE PLASTICS PRICE TREND (20182026)
5.2.3 OPPORTUNITIES
5.2.3.1 Development of new applications
5.2.3.2 High potential in emerging countries of APAC
5.2.4 CHALLENGES
5.2.4.1 Performance issue
5.2.4.2 Fluctuating oil prices create volatility in demand for biodegradable plastics
FIGURE 16 CRUDE OIL PRICES FROM 2014 TO 2020
5.2.4.3 Expensive and complex production process
5.2.4.4 Limited regulations related to biodegradable plastic in developing countries
5.3 PORTERS FIVE FORCES ANALYSIS
FIGURE 17 PORTER'S FIVE FORCES ANALYSIS
5.3.1 BARGAINING POWER OF SUPPLIERS
5.3.2 BARGAINING POWER OF BUYERS
5.3.3 THREAT OF SUBSTITUTES
5.3.4 THREAT OF NEW ENTRANTS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
TABLE 3 BIODEGRADABLE PLASTICS MARKET: PORTER'S FIVE FORCES ANALYSIS
5.4 VALUE CHAIN ANALYSIS
5.4.1 RAW MATERIAL SUPPLIERS
5.4.2 MANUFACTURERS
5.4.3 DISTRIBUTORS
5.4.4 END-CONSUMERS
FIGURE 18 BIODEGRADABLE PLASTICS MARKET: VALUE CHAIN
5.5 TARIFF & REGULATIONS
5.5.1 NORTH AMERICA
5.5.1.1 US
5.5.1.2 Canada
5.5.2 APAC
5.5.3 EUROPE
5.6 TRADE ANALYSIS
TABLE 4 IMPORT TRADE DATA OF PLA FOR TOP 10 COUNTRIES, 20162020 (USD THOUSAND)
TABLE 5 EXPORT TRADE DATA OF PLA FOR TOP 10 COUNTRIES, 20162020 (USD THOUSAND)
5.7 ECOSYSTEM MAPPING
FIGURE 19 ECOSYSTEM
TABLE 6 BIODEGRADABLE PLASTICS: ECOSYSTEM
5.8 TECHNOLOGY ANALYSIS
5.8.1 PHA BIODEGRADABLE BIOPLASTIC
5.8.2 DEVELOPMENT OF NANOCELLULOSE AND NANOCOMPOSITES
5.8.3 BIODEGRADABLE PLASTICS MADE FROM RED FRUIT
5.8.4 PRODUCTION OF PHA FROM WASTE COOKING OIL
5.9 CASE STUDY ANALYSIS
5.9.1 BASF
5.9.2 NOVAMONT
5.9.3 DANIMER SCIENTIFIC
5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
5.11 MACROECONOMIC ANALYSIS
TABLE 7 PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES, 20182025
5.12 AVERAGE SELLING PRICE ANALYSIS
FIGURE 20 BIODEGRADABLE PLASTICS AVERAGE REGIONAL PRICE
FIGURE 21 AVERAGE YEARLY PRICING, BY TYPE
5.13 RAW MATERIAL ANALYSIS
FIGURE 22 MANUFACTURING PROCESSES OF DIFFERENT BIODEGRADABLE PLASTICS
5.13.1 PLA
5.13.2 PHA
5.13.3 BIO-PBS
5.13.4 STARCH BLENDS
5.13.5 REGENERATED CELLULOSE
5.14 PATENT ANALYSIS
5.14.1 METHODOLOGY
5.14.2 DOCUMENT TYPE
FIGURE 23 GRANTED PATENTS VS. APPLIED PATENTS
FIGURE 24 PUBLICATION TRENDS LAST 10 YEARS
5.14.3 INSIGHTS
5.14.4 JURISDICTION ANALYSIS
FIGURE 25 PATENT ANALYSIS, BY JURISDICTION
5.14.5 TOP COMPANIES/APPLICANTS
FIGURE 26 TOP COMPANIES/APPLICANTS WITH THE HIGHEST NUMBER OF PATENTS
5.14.5.1 Patents by Toray Industries
5.14.5.2 Patents by Metabolix Inc.
5.14.5.3 Patents by BASF
5.14.5.4 Patents by The Kao Corp.
5.14.6 TOP 10 PATENT OWNERS (US) IN THE LAST 10 YEARS
5.15 COVID-19 IMPACT ANALYSIS
5.15.1 COVID-19 ECONOMIC ASSESSMENT
5.15.2 EFFECTS ON GDP OF COUNTRIES
FIGURE 27 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
5.15.3 CONFIRMED CASES AND DEATHS, BY GEOGRAPHY
FIGURE 28 IMPACT OF COVID-19, BASED ON COUNTRY
5.15.4 IMPACT ON END-USE INDUSTRIES
5.15.4.1 Packaging
5.15.4.2 Consumer Goods
5.15.4.3 Textile
5.15.4.4 Agriculture & Horticulture
5.16 OPERATIONAL DATA
TABLE 8 PRODUCTION OF AGRICULTURAL CROPS, BY COUNTRY, 2020 (THOUSAND TON)
6 BIODEGRADABLE PLASTICS MARKET, BY TYPE (Page No. - 89)
6.1 INTRODUCTION
FIGURE 29 POLYLACTIC ACID (PLA) TO DOMINATE THE OVERALL BIODEGRADABLE PLASTICS MARKET BETWEEN 2021 AND 2026
TABLE 9 BIODEGRADABLE PLASTICS MARKET SIZE, BY TYPE, 20172020 (KILOTON)
TABLE 10 BIODEGRADABLE PLASTICS MARKET SIZE, BY TYPE, 20212026 (KILOTON)
TABLE 11 BIODEGRADABLE PLASTICS MARKET SIZE, BY TYPE, 20172020 (USD MILLION)
TABLE 12 BIODEGRADABLE PLASTICS MARKET SIZE, BY TYPE, 20212026 (USD MILLION)
6.2 POLYLACTIC ACID (PLA)
6.2.1 PLA IS ECONOMICAL IN MANUFACTURING COMPARED TO OTHER BIODEGRADABLE PLASTICS
6.3 STARCH BLENDS
6.3.1 PROPERTIES SUCH AS TENSILE STRENGTH AND ELONGATION TO BOOST THE DEMAND FOR STARCH BLENDS
6.4 POLYHYDROXYALKANOATES (PHA)
6.4.1 LIQUID PACKAGING OF HIGH-QUALITY MATERIALS TO INFLUENCE THE MARKET
6.5 BIODEGRADABLE POLYESTERS
6.5.1 POLYCAPROLACTONE (PCL)
6.5.1.1 PCL improves physical properties when used as an additive to resins
6.5.2 POLYBUTYLENE ADIPATE TEREPHTHALATE (PBAT)
6.5.2.1 Use in packaging, flexible film, and mulch film applications to drive the market
6.5.3 POLYBUTYLENE SUCCINATE (PBS)
6.5.3.1 Superior processability of PBS driving its demand in the market
TABLE 13 LIST OF MAJOR SUPPLIERS OF PBS
6.6 OTHERS
6.6.1 REGENERATIVE CELLULOSE
6.6.2 CELLULOSE DERIVATIVES
7 BIODEGRADABLE PLASTICS MARKET, BY END-USE INDUSTRY (Page No. - 95)
7.1 INTRODUCTION
FIGURE 30 PACKAGING INDUSTRY TO DRIVE THE BIODEGRADABLE PLASTICS MARKET BETWEEN 2021 AND 2026
TABLE 14 BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 15 BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 16 BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 17 BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
7.2 PACKAGING
7.2.1 FOOD & BEVERAGE INDUSTRY TO DRIVE THE MARKET IN THE PACKAGING SECTOR
TABLE 18 TYPICAL APPLICATIONS IN BIODEGRADABLE PLASTICS PACKAGING
7.2.2 FLEXIBLE PACKAGING
7.2.2.1 Growing consumer awareness for environment safety to drive the market
7.2.2.2 Bags
7.2.2.3 Pouches
7.2.2.4 Films and roll stocks
7.2.2.5 Others
7.2.3 RIGID PACKAGING
7.2.3.1 Cartons, bags, boxes, and containers drive the market for rigid packaging
7.2.3.2 Bottles and jars
7.2.3.3 Trays
7.2.3.4 Tubs
7.2.3.5 Caps and closures
7.2.3.6 Others
TABLE 19 BIODEGRADABLE PLASTICS: PACKAGING INDUSTRY MARKET SIZE, BY REGION, 20192026 (KILOTON)
7.3 CONSUMER GOODS
7.3.1 ELECTRICAL APPLIANCES
7.3.1.1 Demand from the fast-moving consumer electronics segment to drive the market
7.3.2 DOMESTIC APPLIANCES
7.3.2.1 Demand for biodegradable houseware to influence the biodegradable plastics market
7.3.3 OTHERS
TABLE 20 BIODEGRADABLE PLASTICS: CONSUMER GOODS INDUSTRY MARKET SIZE, BY REGION, 20192026 (KILOTON)
7.4 TEXTILE
7.4.1 MEDICAL & HEALTHCARE TEXTILES
7.4.1.1 PLA to drive the market for biodegradable plastics
7.4.2 PERSONAL CARE, CLOTHES, AND OTHER TEXTILES
7.4.2.1 Increasing demand for biodegradable plastics in the textile industry to drive the market
TABLE 21 BIODEGRADABLE PLASTICS: TEXTILE INDUSTRY MARKET SIZE, BY REGION, 20192026 (KILOTON)
7.5 AGRICULTURE & HORTICULTURE
7.5.1 TAPES & MULCH FILMS
7.5.1.1 Biodegradable films are driving the market for biodegradable plastics
7.5.2 OTHERS
TABLE 22 BIODEGRADABLE PLASTICS: AGRICULTURE & HORTICULTURE INDUSTRY MARKET SIZE, BY REGION, 20192026 (KILOTON)
7.6 OTHERS
TABLE 23 BIODEGRADABLE PLASTICS: OTHERS END-USE INDUSTRY MARKET SIZE, BY REGION, 20192026 (KILOTON)
8 BIODEGRADABLE PLASTICS MARKET, BY REGION (Page No. - 106)
8.1 INTRODUCTION
FIGURE 31 EUROPE TO BE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD
TABLE 24 BIODEGRADABLE PLASTICS MARKET SIZE, BY REGION, 20172020 (KILOTON)
TABLE 25 BIODEGRADABLE PLASTICS MARKET SIZE, BY REGION, 20212026 (KILOTON)
TABLE 26 BIODEGRADABLE PLASTICS MARKET SIZE, BY REGION, 20172020 (USD MILLION)
TABLE 27 BIODEGRADABLE PLASTICS MARKET SIZE, BY REGION, 20212026 (USD MILLION)
8.2 APAC
FIGURE 32 APAC: BIODEGRADABLE PLASTICS MARKET SNAPSHOT
TABLE 28 APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20172020 (KILOTON)
TABLE 29 APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20212026 (KILOTON)
TABLE 30 APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20172020 (USD MILLION)
TABLE 31 APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20212026 (USD MILLION)
TABLE 32 APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 33 APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 34 APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 35 APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.2.1 CHINA
8.2.1.1 Initiative taken by end-use industries to support the biodegradable plastics market
TABLE 36 CHINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 37 CHINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 38 CHINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 39 CHINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.2.2 INDIA
8.2.2.1 Single-use plastics ban initiative by the government to boost the market
TABLE 40 INDIA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 41 INDIA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 42 INDIA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 43 INDIA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.2.3 JAPAN
8.2.3.1 Research for the development of better biodegradable plastics technology to drive the market
TABLE 44 JAPAN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 45 JAPAN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 46 JAPAN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 47 JAPAN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.2.4 SOUTH KOREA
8.2.4.1 Government policies are supporting market growth
TABLE 48 SOUTH KOREA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 49 SOUTH KOREA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 50 SOUTH KOREA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 51 SOUTH KOREA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.2.5 REST OF APAC
TABLE 52 REST OF APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 53 REST OF APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 54 REST OF APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 55 REST OF APAC: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.3 EUROPE
FIGURE 33 EUROPE: BIODEGRADABLE PLASTICS MARKET SNAPSHOT
TABLE 56 EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20172020 (KILOTON)
TABLE 57 EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20212026 (KILOTON)
TABLE 58 EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20172020 (USD MILLION)
TABLE 59 EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20212026 (USD MILLION)
TABLE 60 EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 61 EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 62 EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 63 EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.3.1 GERMANY
8.3.1.1 Presence of major manufacturers of biodegradable plastics to drive the market in the country
TABLE 64 GERMANY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 65 GERMANY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 66 GERMANY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 67 GERMANY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.3.2 ITALY
8.3.2.1 Food packaging industry to drive the demand
TABLE 68 ITALY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 69 ITALY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 70 ITALY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 71 ITALY: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.3.3 FRANCE
8.3.3.1 Government initiatives leading to a shift toward use of biodegradable plastics
TABLE 72 FRANCE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 73 FRANCE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 74 FRANCE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 75 FRANCE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.3.4 SPAIN
8.3.4.1 Public awareness and waste management initiatives are supporting the growth of biodegradable plastics
TABLE 76 SPAIN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 77 SPAIN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 78 SPAIN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 79 SPAIN: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.3.5 UK
8.3.5.1 Stringent regulations regarding the use of single-use plastics are driving the market
TABLE 80 UK: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 81 UK: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 82 UK: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 83 UK: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.3.6 REST OF EUROPE
TABLE 84 REST OF EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 85 REST OF EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 86 REST OF EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 87 REST OF EUROPE: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.4 NORTH AMERICA
FIGURE 34 NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SNAPSHOT
TABLE 88 NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20172020 (KILOTON)
TABLE 89 NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20212026 (KILOTON)
TABLE 90 NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20172020 (USD MILLION)
TABLE 91 NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20212026 (USD MILLION)
TABLE 92 NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 93 NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 94 NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 95 NORTH AMERICA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.4.1 US
8.4.1.1 Government regulations for the packaging industry to drive the biodegradable plastics market
TABLE 96 US: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 97 US: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 98 US: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 99 US: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.4.2 CANADA
8.4.2.1 Regulations driving the demand for biodegradable plastics
TABLE 100 CANADA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 101 CANADA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 102 CANADA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 103 CANADA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.4.3 MEXICO
8.4.3.1 Growing R&D to drive biodegradable plastics market in the country
TABLE 104 MEXICO: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 105 MEXICO: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 106 MEXICO: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 107 MEXICO: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.5 REST OF THE WORLD (ROW)
TABLE 108 ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20172020 (KILOTON)
TABLE 109 ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20212026 (KILOTON)
TABLE 110 ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20172020 (USD MILLION)
TABLE 111 ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY COUNTRY, 20212026 (USD MILLION)
TABLE 112 ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 113 ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 114 ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 115 ROW: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.5.1 BRAZIL
8.5.1.1 Abundance of raw material of biodegradable plastics to support the market
TABLE 116 BRAZIL: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 117 BRAZIL: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 118 BRAZIL: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 119 BRAZIL: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.5.2 ARGENTINA
8.5.2.1 Recovering economy of the country to boost the market growth
TABLE 120 ARGENTINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 121 ARGENTINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 122 ARGENTINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 123 ARGENTINA: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
8.5.3 OTHER COUNTRIES
TABLE 124 OTHER COUNTRIES: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (KILOTON)
TABLE 125 OTHER COUNTRIES: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (KILOTON)
TABLE 126 OTHER COUNTRIES: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20172020 (USD MILLION)
TABLE 127 OTHER COUNTRIES: BIODEGRADABLE PLASTICS MARKET SIZE, BY END-USE INDUSTRY, 20212026 (USD MILLION)
9 COMPETITIVE LANDSCAPE (Page No. - 157)
9.1 OVERVIEW
FIGURE 35 COMPANIES ADOPTED INVESTMENTS & EXPANSIONS AND ACQUISITIONS AS KEY GROWTH STRATEGIES BETWEEN 20172021
9.2 RANKING ANALYSIS OF KEY MARKET PLAYERS, 2020
FIGURE 36 RANKING OF TOP FIVE PLAYERS IN THE BIODEGRADABLE PLASTICS MARKET, 2020
9.3 MARKET SHARE ANALYSIS
FIGURE 37 BIODEGRADABLE PLASTICS MARKET SHARE, BY COMPANY (2020)
TABLE 128 BIODEGRADABLE PLASTICS MARKET: DEGREE OF COMPETITION
9.4 REVENUE ANALYSIS OF TOP PLAYERS
TABLE 129 BIODEGRADABLE PLASTICS MARKET: REVENUE ANALYSIS (USD)
9.5 MARKET EVALUATION MATRIX
TABLE 130 MARKET EVALUATION MATRIX
9.6 COMPANY EVALUATION MATRIX, 2021 (TIER 1)
9.6.1 STARS
9.6.2 EMERGING LEADERS
9.6.3 PARTICIPANTS
FIGURE 38 BIODEGRADABLE PLASTICS MARKET: COMPANY EVALUATION MATRIX, 2020
9.7 COMPANY INDUSTRY FOOTPRINT
9.8 COMPANY TYPE FOOTPRINT
9.9 COMPANY REGION FOOTPRINT
9.10 STRENGTH OF STRATEGY EXCELLENCE
9.11 BUSINESS PRODUCT FOOTPRINT
9.12 START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX
9.12.1 RESPONSIVE COMPANIES
9.12.2 STARTING BLOCKS
9.12.3 DYNAMIC COMPANIES
FIGURE 39 BIODEGRADABLE PLASTICS MARKET: STARTUPS AND SMES MATRIX, 2020
9.13 COMPETITIVE SCENARIO
9.13.1 NEW PRODUCT LAUNCHES
TABLE 131 NEW PRODUCT LAUNCHES, 20172021
9.13.2 BIODEGRADABLE PLASTICS: DEALS
TABLE 132 BIODEGRADABLE PLASTICS: DEALS, 20172021
9.13.3 OTHER DEVELOPMENTS
TABLE 133 OTHER DEVELOPMENTS, 20172021
10 COMPANY PROFILES (Page No. - 177)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
10.1 KEY PLAYERS
10.1.1 BASF
FIGURE 40 BASF: COMPANY SNAPSHOT
10.1.2 NATUREWORKS
10.1.3 NOVAMONT
10.1.4 TOTAL CORBION
10.1.5 BIOME BIOPLASTICS
FIGURE 41 BIOME BIOPLASTICS: COMPANY SNAPSHOT
10.1.6 DANIMER SCIENTIFIC
FIGURE 42 DANIMER SCIENTIFIC: COMPANY SNAPSHOT
10.1.7 FKUR KUNSTSOFF
10.1.8 MITSUBISHI CHEMICAL HOLDINGS CORPORATION
FIGURE 43 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY SNAPSHOT
10.1.9 PLANTIC TECHNOLOGIES
10.1.10 TORAY INDUSTRIES
FIGURE 44 TORAY INDUSTRIES: COMPANY SNAPSHOT
10.2 OTHER KEY PLAYERS
10.2.1 AKRO-PLASTIC
10.2.2 AGRANA
10.2.3 BIO-ON
10.2.4 CARBIOLICE
10.2.5 FUTERRO
10.2.6 GREEN DOT BIOPLASTICS
10.2.7 EASTMAN CHEMICAL COMPANY
10.2.8 INGEVITY
10.2.9 PTT MCC BIOCHEM
10.2.10 SPHERE
10.2.11 SUCCINITY
10.2.12 SYNBRA TECHNOLOGY
10.2.13 TIANAN BIOLOGIC MATERIALS
10.2.14 YIELD 10 BIOSCIENCE
10.2.15 ZHEJIANG HISUN BIOMATERIALS
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
11 ADJACENT MARKET (Page No. - 209)
11.1 INTRODUCTION
11.1.1 LIMITATIONS
11.1.2 POLYHYDROXYALKANOATE MARKET
11.1.3 POLYHYDROALKANOATE MARKET OVERVIEW
11.1.4 POLYHYDROALKANOATE MARKET, BY TYPE
TABLE 134 PHA MARKET SIZE, BY TYPE, 20162019 (USD MILLION)
TABLE 135 PHA MARKET SIZE, BY TYPE, 20202025 (USD MILLION)
11.2 SHORT CHAIN LENGTH
11.2.1 POLYHYDROXYVALERATE (PHV)
11.2.1.1 PHV polymers can form single crystals with lamellar
11.2.2 P (4HB-CO-3HB)
11.2.2.1 Ratio of 4HB and 3HB decides properties of co-polymers
11.2.3 P (3HB-CO-3HV)
11.2.3.1 High amount of HV fraction can make polymers more elastic
11.2.4 OTHERS
TABLE 136 SHORT CHAIN LENGTH PHA MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 137 SHORT CHAIN LENGTH PHA MARKET SIZE, BY REGION, 20202025 (USD MILLION)
11.3 MEDIUM CHAIN LENGTH
11.3.1 P (HYDROXYBUTYRATE-CO-HYDROXYOCTANOATE)
11.3.1.1 Nodax is the most common PHA
11.3.2 P (3HB-CO-3HV-CO-4HB)
11.3.2.1 Higher mechanical strength makes it suitable for medical applications
11.3.3 OTHERS
TABLE 138 MEDIUM CHAIN LENGTH PHA MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 139 MEDIUM CHAIN LENGTH PHA MARKET SIZE, BY REGION, 20202025 (USD MILLION)
11.3.4 POLYHYDROALKANOATE MARKET, BY PRODUCTION METHOD
TABLE 140 PHA MARKET SIZE, BY PRODUCTION METHOD, 20162019 (USD MILLION)
TABLE 141 PHA MARKET SIZE, BY PRODUCTION METHOD, 20202025 (USD MILLION)
11.3.5 POLYHYDROALKANOATE MARKET, BY APPLICATION
TABLE 142 PHA MARKET SIZE, BY APPLICATION, 20162019 (USD MILLION)
TABLE 143 PHA MARKET SIZE, BY APPLICATION, 20202025 (USD MILLION)
11.4 PACKAGING & FOOD SERVICES
11.4.1 PACKAGING
11.4.1.1 Rigid packaging
11.4.1.1.1 Rigid packaging segment to be highly impacted by PHA
11.4.1.2 Flexible packaging
11.4.1.2.1 PHA to replace petroleum-based plastics in flexible packaging
11.4.1.3 Others
11.4.1.3.1 Loose-fill
11.4.1.3.2 Compost bags
11.4.2 FOOD SERVICES
11.4.2.1 Cups
11.4.2.1.1 Biodegradable disposable cups made of PHA can help reduce plastic wastes
11.4.2.2 Trays
11.4.2.2.1 Sustainable plastic trays can be made from PHA-based plastics
11.4.2.3 Others
11.4.2.3.1 Containers
11.4.2.3.2 Jars
TABLE 144 PHA MARKET SIZE IN PACKAGING & FOOD SERVICES APPLICATION, BY REGION, 20162019 (USD MILLION)
TABLE 145 PHA MARKET SIZE IN PACKAGING & FOOD SERVICES APPLICATION, BY REGION, 20202025 (USD MILLION)
11.5 BIOMEDICAL
11.5.1 SUTURES
11.5.1.1 Biodegradable sutures with high tensile strength can be manufactured from PHA
11.5.2 DRUG RELEASE
11.5.2.1 Biocompatibility of PHA-based plastics is suitable for drug carrier applications
TABLE 146 PHA MARKET SIZE IN BIOMEDICAL APPLICATION, BY REGION, 20162019 (USD MILLION)
TABLE 147 PHA MARKET SIZE IN BIOMEDICAL APPLICATION, BY REGION, 20202025 (USD MILLION)
11.6 AGRICULTURE
11.6.1 MULCH FILMS
11.6.1.1 PHA-based mulch films allow farmers to directly plow fields
11.6.2 PLANT POTS
11.6.2.1 Plant pots made of PHA can help plant growth in initial stages
11.6.3 OTHERS
11.6.3.1 Bins
11.6.3.2 Chutes
11.6.3.3 Hoppers
TABLE 148 PHA MARKET SIZE IN AGRICULTURAL APPLICATION, BY REGION, 20162019 (USD MILLION)
TABLE 149 PHA MARKET SIZE IN AGRICULTURAL APPLICATION, BY REGION, 20202025 (USD MILLION)
11.7 OTHERS
11.7.1 WASTEWATER TREATMENT
11.7.2 COSMETICS
11.7.3 CHEMICAL ADDITIVES
11.7.4 3D PRINTING
TABLE 150 PHA MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 20162019 (USD MILLION)
TABLE 151 PHA MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 20202025 (USD MILLION)
11.7.5 POLYHYDROALKANOATE MARKET, BY REGION
TABLE 152 PHA MARKET SIZE, BY REGION, 20162019 (USD MILLION)
TABLE 153 PHA MARKET SIZE, BY REGION, 20202025 (USD MILLION)
11.8 NORTH AMERICA
11.9 EUROPE
11.10 ASIA PACIFIC (APAC)
11.11 REST OF THE WORLD (ROW)
11.11.1 SOUTH AMERICA
11.11.2 MIDDLE EAST & AFRICA
12 APPENDIX (Page No. - 228)
12.1 INSIGHTS FROM INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
12.4 AVAILABLE CUSTOMIZATIONS
12.5 RELATED REPORTS
12.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the biodegradable plastics market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.
Secondary Research
This research report involves extensive secondary sources, directories, and databases, such as Bloomberg, BusinessWeek, Factiva, ICIS, and OneSource, to identify and collect information useful for the technical, market-oriented, and commercial study of the biodegradable plastics market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications.
Primary Research
The Biodegradable plastics market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, buyers, and regulatory organizations. The demand side of this market is characterized by developing the end-use industry, such as packaging, textiles and agriculture. The supply side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the Biodegradable plastics market. These methods were also used extensively to estimate the sizes of various subsegments in the market. The research methodology used to estimate the market size includes the following steps:
- The key players in the industry and markets were identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, were determined through primary and secondary research.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size-using the estimation processes explained above-the Biodegradable plastics market was split into several segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To analyze and forecast the biodegradable plastics market size, in terms of value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth
- To define, describe, and forecast the market based on type and end-use industry
- To forecast the market size of different segments based on regions: Asia Pacific (APAC), Europe, North America and Rest of World (RoW), with their key countries.
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the total market
- To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape of market leaders
- To analyze competitive developments: investment & expansion, new product development, and merger & acquisitions in the market
- To strategically profile the key players and comprehensively analyze their core competencies2
Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the Biodegradable plastics market report:
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company
Regional Analysis
- A further breakdown of the biodegradable plastics market, by segments
Company Information
- Detailed analysis and profiling of additional market players (up to ten)
Get in-depth analysis of the COVID-19 impact on the Biodegradable Plastics Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Biodegradable Plastics Market
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