Biodegradable Plastics Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

Biodegradable Plastics Market size is valued at USD 12.29 billion by 2028 and is expected to grow at a compound annual growth rate of 15% for the forecast period of 2022 to 2028. Biodegradable plastics are plant-based plastics that have no harmful effects on the environment. It breaks down naturally from basic compounds in a reasonable amount of time. Plastics, thus defined as biodegradable, consist of molecules that can be degraded naturally by the action of microorganisms. The main types of known biodegradable plastics are polylactic acid (PLA), polybutyleneadipate terephthalate (PBAT), polybutylene succinate (PBS), polyhydroxyalkanoate (PHA), and starch blends.

Company Profile

• NatureWorks (US)
• BASF (Germany)
• Total Corbion PLA (Netherlands)
• Mitsubishi Chemical (Japan)
• Biome Bioplastics (UK)
• Plantic Technologies (Australia)
• Bio-On (Italy)
• Danimer Scientific (Georgia)
• p.A (Italy)

Market Segmentation

By Type 

• PLA (POLYLACTIC ACID) 
• PBAT (POLYBUTYLENE ADIPATE TEREPHTHALATE) 
• PBS (POLYBUTYLENE SUCCINATE) 
• PHA (POLYHYDROXYALKANOATES) 
• Starch Blends 

By Application 

• Packaging
• Agriculture 
• Consumer Durable 
• Textile 

Scope of the Report

The research study analyzes the Biodegradable Plastics Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Biodegradable Plastics Market Report

1. What was the Biodegradable Plastics Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Biodegradable Plastics Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Biodegradable Plastics Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.