생분해성 플라스틱 시장 규모, 점유율, 성장 분석 : 공정별, 최종 용도별, 지역별 - 산업 예측(2024-2031년)

Global Biodegradable Plastic Market size was valued at USD 4.9 billion in 2022 and is poised to grow from USD 5.43 billion in 2023 to USD 11.22 billion by 2031, growing at a CAGR of 9.5% during the forecast period (2024-2031).

The growing demand for sustainable materials is driving the popularity of biodegradable plastics as an alternative to traditional plastics. These eco-friendly options decompose in specific environments, such as soil, water, or compost, under certain conditions, appealing to environmentally conscious consumers and governments worldwide. Over recent years, the shift towards biodegradable plastics reflects a broader movement towards green alternatives in response to escalating concerns about plastic pollution. Unlike conventional plastics, biodegradable plastics are designed to be broken down by microorganisms, resulting in the transformation into biomass, water, and carbon dioxide. In anaerobic environments, they can produce methane instead of CO2, further highlighting their environmentally advantageous characteristics. Companies that adapt to this shift and integrate biodegradable materials into their product offerings may gain a competitive edge. Overall, the biodegradable plastics market is a pivotal player in the transition towards a more sustainable future, aligning with global efforts to reduce waste and mitigate environmental impact.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Biodegradable Plastic market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Biodegradable Plastic Market Segmental Analysis

Global Biodegradable Plastic Market is segmented by Process, End Use and Region. Based on Process, the market is segmented into Starch Based, Polylactic Acid (PLA), Polybutylene Adipate Terephthalate (PBAT), Polybutylene Succinate (PBS), Polyhydroxyalkanoate (PHA), Others. Based on End Use, the market is segmented into Packaging (Food Packaging, And Non-Food Packaging), Agriculture, Textiles, Consumer Goods, And Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Biodegradable Plastic Market

The growth of the global biodegradable plastic market is significantly influenced by a variety of factors. Rising environmental consciousness among consumers is driving demand for eco-friendly alternatives, coupled with supportive government policies and legislative initiatives promoting degradable packaging solutions. As many countries, both developed and emerging, implement bans on single-use plastics and introduce stricter regulations, there is a growing need for sustainable materials, particularly biodegradable plastics. This shift aligns with global goals of achieving net-zero emissions to avert climate change. Furthermore, the availability of renewable raw materials enhances production capabilities, making biodegradable options increasingly viable across diverse sectors, from agriculture to ready-to-eat items.

Restraints in the Global Biodegradable Plastic Market

A significant challenge facing the global biodegradable plastic market is the elevated cost of these products compared to conventional plastics. This price disparity can be attributed to the increased expenses associated with raw materials, which are often more expensive and less widely available. As a result, manufacturers may struggle to compete with lower-priced plastic alternatives, hindering the widespread adoption of biodegradable options. Additionally, the limited supply of suitable raw materials further exacerbates the issue, making it difficult for producers to meet consumer demand while maintaining affordability. Consequently, these factors pose substantial constraints on the growth of the biodegradable plastic sector.

Market Trends of the Global Biodegradable Plastic Market

The Global Biodegradable Plastic market is witnessing a significant upward trend as industries increasingly pivot towards bio-based alternatives to mitigate reliance on traditional non-biodegradable plastics. Driven by stringent regulations and growing consumer awareness regarding environmental sustainability, key sectors including consumer goods, packaging, textiles, and agriculture are adopting biodegradable plastics. This shift is not only fostering innovation and development within the biodegradable segment but also encouraging collaborations among manufacturers to enhance product efficacy and reduce costs. As a result, the market is projected to experience substantial growth, reflecting a broader commitment to sustainable practices and eco-friendly materials in response to global environmental challenges.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Technological Advancement
• Regulatory Landscape
• Patent Analysis
• Value Chain Analysis
• PESTEL Analysis
• Trade Analysis
• Startup Analysis
• Market Attractiveness Index

Global Biodegradable Plastic Market Size by Process & CAGR (2024-2031)

• Market Overview
• Starch Based
• Polylactic Acid (PLA)
• Polybutylene Adipate Terephthalate (PBAT)
• Polybutylene Succinate (PBS)
• Polyhydroxyalkanoate (PHA)
• Others

Global Biodegradable Plastic Market Size by End Use & CAGR (2024-2031)

• Market Overview
• Packaging
  • Food Packaging
  • Non-Food Packaging
• Agriculture
• Textiles
• Consumer Goods
• Others

Global Biodegradable Plastic Market Size & CAGR (2024-2031)

• North America, (Process, Application)
  • US
  • Canada
• Europe, (Process, Application)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Process, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Process, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Process, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Cargill Incorporated (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PTT MCC Biochem Co., Ltd. (Thailand)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Biome Technologies plc (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Plantic Technologies Limited (Australia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BASF SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Total Corbion PLA (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• NatureWorks LLC (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Eastman Chemical Company (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Trinseo (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Danimer Scientific (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Novamont S.p.A. (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• FKuR Kunststoff GmbH (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Chemical Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cardia Bioplastics (Australia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TIPA Corporation Ltd. (Israel)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation