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The Biodegradable Plastics Market size was valued at USD 6.7 Billion in 2023. It is expected to grow to USD 28.7 Billion by 2032 and grow at a CAGR of 15.2% over the forecast period of 2024-2032.
The biodegradable plastics market is growing significantly due to rising environmental concerns and stricter regulations on traditional plastics are driving demand for sustainable alternatives. Consumers are increasingly aware of the benefits of bioplastics, and advancements in technology are bringing down production costs. Increasing consumer demand for sustainable packaging solutions and eco-friendly alternatives to traditional plastics is a significant factor propelling market expansion. Additionally, a surge in demand for sustainable packaging solutions and the possibility of government incentives to promote bioplastic use are fueling market growth.
The EU has implemented stringent regulations under the Single-Use Plastics Directive, targeting a 50% reduction in single-use plastic by 2025 and a 90% reduction by 2030. This has significantly increased demand for biodegradable alternatives across member states, especially in the packaging and consumer goods sectors.
The packaging industry, and primarily the food service one, actively involves biodegradable plastics as a solution to the growing concern over waste management. Bags, cups, cutlery items, and food containers meant for single use are increasingly made based on bioplastics. Many quick-service restaurants and cafes prefer to use compostable or biodegradable options to meet customer expectations on the sustainability of packaging and comply with governmental policies regarding reducing carbon footprint.
Thus, in the EU members, the Single-Use Plastics Directive is expected to eliminate some plastic products from the market by 2021 and further stimulate the use of compostable substitutes. In particular, the reduction of CO₂ by around 3.4 million tons is anticipated by 2030. As a result, it is the government policy that plays a crucial role in the implementation of biodegradable solutions in food service packaging.
Government Initiatives:
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Category |
Details |
|---|---|
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Government Policies and Regulations |
Various governments are introducing policies to reduce single-use plastic waste and promote biodegradable alternatives. Examples include the European Union's ban on single-use plastics and India's Plastic Waste Management Rules. |
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Tax Incentives |
Some governments offer tax benefits or subsidies for companies investing in biodegradable plastic production. For example, in China, tax incentives are provided for green manufacturing sectors, including bioplastics. |
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Environmental Targets |
Countries are setting environmental targets for reducing plastic waste. The European Green Deal aims for the EU to become carbon neutral by 2050, with bioplastics playing a significant role in reducing plastic pollution. |
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Legislation on Plastic Packaging |
Many countries are mandating the use of biodegradable plastics in packaging. In France, the "Anti-Waste Law" stipulates that all plastic packaging must be recyclable or biodegradable by 2025. |
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Waste Management Regulations |
The UK has introduced the "Extended Producer Responsibility" (EPR) policy, which requires producers to cover the full cost of managing the waste they produce, encouraging the use of biodegradable plastics. |
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Government Support for R&D |
Japan's "Green Growth Strategy" emphasizes government support for R&D in biodegradable plastics to combat plastic pollution, with a focus on advanced biopolymer technologies. |
Drivers
Shifting consumer preference toward eco-friendly plastic products
Growing adoption of biodegradable plastics in compostable bag applications and packaging.
The surge in the adoption of biodegradable plastics within compostable bag applications and packaging is pivotal for propelling the biodegradable plastics market forward. This adoption is primarily fueled by escalating environmental concerns and a burgeoning preference for sustainable alternatives to conventional plastics. With compostable bags offering an environmentally friendly solution that can decompose into natural elements, industries are increasingly embracing biodegradable plastics to meet consumer demands, thus driving market growth.
The activity of the government is a prominent factor in fostering the use of biodegradable plastics. For example, according to the California Senate Bill 54, 100% of plastic packaging in the state should be recyclable or compostable by 2032. The law also prescribed a 25% decrease in single-use plastic production in the next 10 years. As a result, the local demand for compostable products will increase in turn, it will drive the demand for compostable bag applications. Moreover, the European Union’s Circular Economy Action Plan includes making all plastic packaging in the EU reusable or recyclable by 2030, with a particular focus on compostable solutions. In this way, environmentally friendly policies of governments stimulate not only the growth of the number of compostable bag applications but also the market development, as businesses require using eco-friendly products to meet both environmental regulations requirements of customers.
Restraint
High Cost of production and manufacturing of biodegradable plastics as compared to traditional plastics.
The high cost of production and manufacturing is a significant barrier to the widespread adoption of biodegradable plastics when compared to traditional plastics. Biodegradable plastics often rely on complex and specialized processes, as well as raw materials derived from renewable sources like corn starch, sugarcane, and cassava, which are generally more expensive than the petrochemical-based inputs used for conventional plastics. Additionally, the production of biodegradable plastics typically requires advanced technology and dedicated facilities that can handle these materials, leading to higher operational and capital costs. These factors combine to make biodegradable plastics more costly, impacting their price competitiveness in the market.
Opportunity
Innovation in materials and technology
Regulatory support and government initiatives promoting biodegradable plastics
By Type
Starch Blends dominated the type segment of the biodegradable plastic market and generated a revenue share of about 42% in 2023. This dominance is due to their excellent biodegradability, renewable sourcing, and versatility in applications ranging from packaging to consumer goods. Their eco-friendly nature and compatibility with existing manufacturing processes further propelled their adoption, making starch blends a preferred choice for industries seeking sustainable alternatives to conventional plastics. Moreover, starch blends are also highly compostable, which aligns well with rising consumer demand for sustainable products and stricter regulatory requirements on plastic waste. Furthermore, advancements in processing techniques have improved the strength and flexibility of starch-based materials, making them suitable for a broader range of applications while keeping costs relatively low.
By End-Use Industry
By End-use Industries, packaging held the largest revenue share of about 55% in 2023 owing to the escalating demand for sustainable packaging solutions. Biodegradable plastics offer an eco-friendly alternative to conventional packaging materials, aligning with increasing consumer and regulatory pressures for environmental responsibility. The versatility and compatibility of biodegradable plastics with existing packaging processes further contributed to their dominance in this sector. This trend reflects a growing industry shift towards greener packaging practices to reduce environmental impact.
Europe dominated the Biodegradable Plastics Market with the highest revenue share of more than 43% in 2023 due to its stringent environmental regulations and proactive initiatives promoting sustainable practices. The region's commitment to reducing plastic waste and fostering a circular economy framework has driven widespread adoption of biodegradable plastics across industries. Additionally, the presence of advanced recycling infrastructure and increasing consumer preference for eco-friendly products further bolstered Europe's leadership in the biodegradable plastics market.
For instance, the European Union’s Single-Use Plastics Directive mandates that member states significantly reduce the consumption of certain single-use plastics and ensures that all plastic packaging in the EU is either reusable or recyclable by 2030.
Additionally, the European Green Deal outlines a commitment to achieving climate neutrality by 2050, which includes a comprehensive strategy to minimize plastic pollution. This has led to substantial investment in biodegradable plastics as an alternative to conventional plastics, especially in countries like Germany, France, and Italy, which have implemented national bans on single-use plastics.
Asia Pacific is expected to grow at the highest CAGR in the biodegradable plastics market during the forecast period driven by expanding industrialization, burgeoning population, and increasing awareness about environmental sustainability. Furthermore, supportive government regulations and initiatives aimed at reducing plastic waste contribute to the region's accelerated adoption of biodegradable plastics, driving its robust growth in the forecast period.
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Key Players
Raw Key Manufacturers
FKuR Kunststoff GmbH (BIO-FLEX)
BASF SE (ecoflex)
Danimer Scientific (Nodax PHA)
Novamont S.p.A. (Mater-Bi)
Biome Bioplastics (BiomeHT)
Toray Industries, Inc. (Ecodear)
NatureWorks LLC (Ingeo PLA)
Plantic Technologies (PLANTIC)
Mitsubishi Chemical Holdings Corporation (BioPBS)
Total Corbion PLA (Luminy PLA)
Kingfa Sci & Tech Co., Ltd. (Ecoworld)
Corbion N.V. (PURAC)
Kaneka Corporation (PHBH)
Cardia Bioplastics (Cardia Biohybrid)
Agrana Beteiligungs-AG (Agenacomp)
Clondalkin Group (FlexTop)
Tianan Biologic Materials Co., Ltd. (PHA-based BioMater-Bi)
Avantium N.V. (YXY)
Evonik Industries AG (VESTAMID Terra)
FKUR Plastics Corp. (Terramac)
Key Users in End -Use Industry
McDonald’s
Starbucks
Amcor
Tetra Pak
Walmart
Tesco
Procter & Gamble
Unilever
John Deere
Syngenta
Pfizer
Johnson & Johnson
Patagonia
Adidas
In February 2024, the Mitsubishi Chemical Group (MCG Group) announced the development of new biodegradable biopolyester resins with a high biomass content and exceptional flexibility. The newly created SA916N and SA916F resins are biodegradable, meaning they can be broken down by microorganisms found in nature.
In September 2023, Chevron Phillips Chemical expanded its partnership with Georgia-based bioplastics company Danimer Scientific to further explore the development and commercialization of high-volume biodegradable plastic products. This collaboration will utilize Danimer's Rinnovo polymers through CPChem's loop slurry reactor process at its Bartlesville, Oklahoma facility.
In August 2022, Toray Industries, Inc. made a groundbreaking announcement regarding the development of the world's first 100% bio-based adipic acid. This acid serves as a raw material for nylon 66 (polyamide 66) and is derived from sugars found in inedible biomass.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 6.7 Billion |
| Market Size by 2032 | US$ 28.7 Billion |
| CAGR | CAGR of 15.2% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (PLA, PHA, Starch Blends, Biodegradable Polyesters, and Others) • By End-use Industries (Packaging, Textile, Agriculture, Consumer Goods, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Fkur Kunstsoff, BASF, Danimer Scientific, Novamont, Biome Bioplastics, Toray Industries, NatureWorks, Plantic Technologies, Mitsubishi Chemical Holding Corporation, Total Corbion |
| DRIVERS | • Shifting consumer preference toward eco-friendly plastic products • Growing adoption of biodegradable plastics in compostable bag applications and packaging |
| Restraints | • High Cost of production and manufacturing of biodegradable plastics as compared to traditional plastics |
Ans. The Compound Annual Growth rate for the Biodegradable Plastics Market over the forecast period is 9.08%.
Ans. The projected market size for the Biodegradable Plastics Market is USD 11.19 billion by 2031.
Ans: Germany dominated the Europe region in the Biodegradable Plastics Market with the highest revenue share in 2023.
Ans: The Biodegradable Plastics Market is primarily driven by increasing environmental concerns, stringent regulations on plastic waste management, and growing consumer demand for sustainable packaging solutions.
Ans: Opportunities for the Biodegradable Plastics Market include expanding applications in various industries such as packaging, agriculture, and consumer goods, driven by the growing demand for eco-friendly alternatives and technological advancements improving product performance.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
3.1 Market Driving Factors Analysis
3.1.2 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 PESTLE Analysis
3.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization, by Country, by Type, 2023
5.2 Feedstock Prices, by Country, by Type, 2023
5.3 Regulatory Impact, by l Country, by Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, by Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Biodegradable Plastics Market Segmentation, by Type
7.1 Chapter Overview
7.2 Starch Based
7.2.1 Starch Based Market Trends Analysis (2020-2032)
7.2.2 Starch Based Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 PLA
7.3.1 PLA Market Trends Analysis (2020-2032)
7.3.2 PLA Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 PBAT
7.4.1 PBAT Market Trends Analysis (2020-2032)
7.4.2 PBAT Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 PBS
7.5.1 PBS Market Trends Analysis (2020-2032)
7.5.2 PBS Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 PHA
7.6.1 PHA Market Trends Analysis (2020-2032)
7.6.2 PHA Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Others
7.7.1 Others Market Trends Analysis (2020-2032)
7.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Biodegradable Plastics Market Segmentation, by End-Use Industry
8.1 Chapter Overview
8.2 Packaging
8.2.1 Packaging Market Trends Analysis (2020-2032)
8.2.2 Packaging Market Size Estimates and Forecasts to 2032 (USD Billion)
8.2.3. Food Packaging
8.2.3.1 Packaging Market Trends Analysis (2020-2032)
8.2.3.2 Packaging Market Size Estimates and Forecasts to 2032 (USD Billion)
8.2.4. Non-Food Packaging
8.2.4.1 Non-Food Packaging Market Trends Analysis (2020-2032)
8.2.4.2 Non-Food Packaging Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Textile
8.3.1 Textile Market Trends Analysis (2020-2032)
8.3.2 Textile Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Agriculture
8.4.1 Agriculture Market Trends Analysis (2020-2032)
8.4.2 Agriculture Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Consumer Goods
8.5.1 Consumer Goods Market Trends Analysis (2020-2032)
8.5.2 Consumer Goods Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Others
8.6.1 Others Market Trends Analysis (2020-2032)
8.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Biodegradable Plastics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.2.4 North America Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.2.5.2 USA Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.2.6.2 Canada Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.2.7.2 Mexico Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Biodegradable Plastics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.1.5.2 Poland Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.1.6.2 Romania Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Biodegradable Plastics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.4 Western Europe Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.5.2 Germany Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.6.2 France Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.7.2 UK Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.8.2 Italy Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.9.2 Spain Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.12.2 Austria Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Biodegradable Plastics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.4 Asia Pacific Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.5.2 China Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.5.2 India Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.5.2 Japan Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.6.2 South Korea Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.2.7.2 Vietnam Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.8.2 Singapore Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.9.2 Australia Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Biodegradable Plastics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.1.4 Middle East Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.1.5.2 UAE Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Biodegradable Plastics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.2.4 Africa Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Biodegradable Plastics Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.6.4 Latin America Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.6.5.2 Brazil Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.6.6.2 Argentina Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.6.7.2 Colombia Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Biodegradable Plastics Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Biodegradable Plastics Market Estimates and Forecasts, by End-Use (2020-2032) (USD Billion)
10. Company Profiles
10.1 Fkur Kunstsoff
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Product / Services Offered
10.1.4 SWOT Analysis
10.2 BASF
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Product / Services Offered
10.2.4 SWOT Analysis
10.3 Danimer Scientific
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Product / Services Offered
10.3.4 SWOT Analysis
10.4 Novamont
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Product / Services Offered
10.4.4 SWOT Analysis
10.5 Biome Bioplastics
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Product / Services Offered
10.5.4 SWOT Analysis
10.6 Toray Industries
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Product / Services Offered
10.6.4 SWOT Analysis
10.7 NatureWorks
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Product / Services Offered
10.7.4 SWOT Analysis
10.8 Plantic Technologies
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Product / Services Offered
10.8.4 SWOT Analysis
10.9 Mitsubishi Chemical Holding Corporation
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Product / Services Offered
10.9.4 SWOT Analysis
10.10 Total Corbion
10.10.1 Company Overview
10.10.2 Financial
10.10.3 Product / Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
Starch Based
PLA
PBAT
PBS
PHA
Others
By End-Use Industry
Packaging
Food Packaging
Non-Food Packaging
Tetile
Agriculture
Consumer Goods
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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