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Biodegradable Plastics Market

Biodegradable Plastics Market

Biodegradable Plastics Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

180

Base Year:

2022

Date

Jul - 2023

Format:

PDF XLS PPT

Report Code:

VMR-1191

Segments Covered
  • By Product By Product PLA, Starch Based, PHA, PBS, PBAT, Other Products
  • By Application By Application Packaging, Consumer Goods, Agriculture, Other Applications
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 7.9 Million
Revenue 2030Revenue 2030: USD 19.5 Million
Revenue CAGRRevenue CAGR (2023 - 2030): 13.8%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Europe
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst

Research Methodology: Biodegradable Plastics Market by Product by Application by Region - Global Market Assessment, 2021 - 2028

Secondary Research

Primary Research:

The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Biodegradable Plastics supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:


  • Biodegradable Plastics market size at regional and country level
  • Market size and forecast by Product, Application, and Region
  • Key industry players and their market share and Biodegradable Plastics market-specific sales/revenue
  • Understanding market developments, future growth prospects, and upcoming challenges
  • Overview of the Biodegradable Plastics supply chain and overall ecosystem

Data Triangulation and Market Size Estimations

After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Biodegradable Plastics market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market.  The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Biodegradable Plastics market. 

FAQ
Frequently Asked Question
  • The global Biodegradable Plastics valued at USD 7.9 Million in 2022 and is expected to reach USD 19.5 Million in 2030 growing at a CAGR of 13.8%.

  • The prominent players in the market are Cargill Incorporated (U.S.), PTT MCC Biochem Co. Ltd. (Thailand), Biome Technologies PLC (UK), Plantic Technologies Ltd. (Australia), BASF SE (Germany), Total Corbion PLA (Netherlands), Synbra Technology BV (Netherlands), Futerro BV (Belgium), Novamont SPA (Italy), NatureWorks LLC (U.S.), Eastman Chemical Company (U.S.), Trineso (U.S.), Danimer Scientific (U.S.), FKuR Kunststoff GmbH (Germany).

  • The market is project to grow at a CAGR of 13.8% between 2023 and 2030.

  • The driving factors of the Biodegradable Plastics include

    • Growing demand for biodegradable plastics across end-use categories to drive the market growth

  • Europe was the leading regional segment of the Biodegradable Plastics in 2022.