The global market value of biodegradable plastics in 2023 was nearly ****billion U.S. dollars. It is forecast that the market value of biodegradable plastics worldwide will grow by more than ********* by 2032, to over ***billion U.S. dollars. Biodegradable plastics are a subset of bioplastics that are biodegradable.

The global biodegradable plastic market size reached USD 5.69 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 11.15 Billion by 2033, exhibiting a growth rate (CAGR) of 7.38% during 2025-2033. The escalating environmental concerns among consumers, increasing demand for eco-friendly packaging, and the implementation of favorable government policies represent some of the key factors driving the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 5.69 Billion
Market Forecast in 2033	USD 11.15 Billion
Market Growth Rate (2025-2033)	7.38%

IMARC Group provides an analysis of the key trends in each sub-segment of the global biodegradable plastic market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type and end use.

Additionally, the increasing demand for sustainable products and increasing investment in green technology are also pushing the market at a larger scale. The market value is expected to burgeon to reach approx USD 15.6 billion in 2035 representing a compound annual growth rate (CAGR) of 9.5% approximately to the market in 2025, the market is estimated to be worth USD 6.3 billion in 2025.

Metric	Value
Market Size in 2025	USD 6.3 Billion
Projected Market Size in 2035	USD 15.6 Billion
CAGR (2025 to 2035)	9.5%

Country Wise Analysis

Country	CAGR (2025 to 2035)
United States	5.2%

Country	CAGR (2025 to 2035)
UK	4.8%

Country	CAGR (2025 to 2035)
European Union (EU)	5.5%

Country	CAGR (2025 to 2035)
Japan	4.3%

Country	CAGR (2025 to 2035)
South Korea	4.9%

Competitive Outlook

Company Name	Estimated Market Share (%)
NatureWorks LLC	14-19%
BASF SE	11-16%
TotalEnergies Corbion	9-14%
Novamont S.p.A	6-10%
Mitsubishi Chemical Corporation	4-8%
Other Companies (combined)	40-50%

The global biodegradable plastic market stood at a value of USD 2.50 Billion in 2024. The market is further expected to grow at a CAGR of 14.20% in the forecast period of 2025-2034 to attain USD 9.43 Billion by 2034.

Biodegradable plastics had a market value amounting to approximately *********** U.S. dollars in 2022. This figure is forecast to increase to nearly *** billion U.S. dollars by 2028. Biodegradable plastics are expected to help to mitigate the environmental pressures associated with conventional, single use plastics, though biodegradable plastics have a few shortcomings as well. The leading end-use sector of biodegradable plastics is packaging, both flexible and rigid.

The Middle East Biodegradable Plastics Market report segments the industry into Type (Strach Based, Polylactic Acid (PLA), Other Types), Application (Packaging, Other Applications), and Geography (United Arab Emirates, Saudi Arabia, Qatar, Iran, Rest of Middle East). Five years of historical data and five-year forecasts are included.

Biodegradable plastics market size is estimated to reach USD 13.4 Billion by 2034, at a CAGR of 9.4% during the projected period.

As per Cognitive Market Research's latest published report, the Global Biodegradable Plastic market size was $4.71 Billion in 2022 and it is forecasted to reach $12.85 Billion by 2030. Biodegradable Plastic Industry's Compound Annual Growth Rate will be 14.7% from 2023 to 2030. Market Dynamics of

Biodegradable Plastic

Key Drivers for

Biodegradable Plastic

Rising Environmental Concerns and Plastic Pollution Awareness: Growing public consciousness regarding ocean pollution, landfill waste, and microplastics is fueling the demand for biodegradable alternatives. Governments, brands, and consumers are progressively transitioning towards eco-friendly packaging and products crafted from compostable plastics.

Supportive Government Regulations and Bans on Single-Use Plastics:Numerous countries are implementing legislation to limit or prohibit traditional plastics in favor of biodegradable or compostable alternatives. Subsidies, mandates, and public procurement policies are encouraging the adoption of sustainable materials in both packaging and agriculture.

Increased Use in Packaging, Agriculture, and Consumer Goods: Biodegradable plastics are being extensively utilized in food packaging, mulch films, disposable tableware, and hygiene products. These uses are in harmony with circular economy objectives and allow companies to fulfill sustainability goals and meet consumer expectations.

Key Restraints for

Biodegradable Plastic

High Production Costs in Comparison to Conventional Plastics: Manufacturing biodegradable plastics necessitates the use of specialized feedstocks and processes, leading to costs that are higher than those associated with traditional petrochemical plastics. This disparity in costs hinders adoption, particularly in sectors that are sensitive to price and in emerging markets.

Limited Industrial Composting Infrastructure: Numerous biodegradable plastics necessitate specific conditions for efficient breakdown, which are often absent in standard waste management systems. The insufficient availability of widespread composting facilities generates confusion and diminishes the environmental advantages of these materials.

Performance Limitations in High-Durability Applications: Certain biodegradable plastics exhibit lower heat resistance, shorter shelf life, or diminished strength when compared to conventional materials. These constraints limit their applicability in long-term packaging, automotive, or construction-related sectors.

Key Trends for

Biodegradable Plastic

Shift Towards Bio-Based and Home-Compostable Alternatives: Companies are channeling investments into plastics derived from renewable resources such as corn starch, sugarcane, and seaweed, which provide both biodegradability and a lower carbon footprint. The demand for home-compostable products is also on the rise within the consumer goods sector.

R&D into Next-Generation Biopolymers and Additives: Advancements in polymer science are yielding biodegradable plastics that exhibit enhanced flexibility, durability, and cost-effectiveness. The use of blends, additives, and nanotechnology is improving performance and broadening the scope of industrial applications.

Corporate Sustainability Commitments Driving Market Growth: Prominent global brands in the food, fashion, and e-commerce industries are committing to minimizing plastic waste by incorporating biodegradable materials into their supply chains. These efforts are propelling market growth and fostering innovation among material suppliers. What is Biodegradable Plastic?

Plastics that can be broken down by living organisms, typically microorganisms, into carbon dioxide, water, and biomass are known as biodegradable plastics. Biodegradable plastics are frequently made from petrochemicals, microorganisms, renewable raw materials, or mixtures of all three. Some of these plastics are entirely petroleum-based, and not all bioplastics are biodegradable. Due to its environmental advantages over conventional plastics, which are difficult to dispute, biodegradable plastics are thought to be more environmentally benign. This sort of plastic is clearly a better option to reduce environmental pollution, but it still has drawbacks.

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The biodegradable plastics market share should rise by 2113.31 thousand tons from 2022 to 2026 at a CAGR of 22.07%.

This biodegradable plastics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (packaging, consumer goods, textile, agriculture, and others) and geography (Europe, North America, APAC, South America, and MEA). The biodegradable plastics market report also offers information on several market vendors, including BASF SE, Biome Bioplastics Ltd., Cargill Inc., Danimer Scientific, FKuR Kunststoff GmbH, Mitsubishi Chemical Holdings Corp., Novamont SpA, Plantic Technologies Ltd., Toray Industries Inc., and Total Corbion PLA BV among others.

What will the Biodegradable Plastics Market Size be in 2022?

To Unlock the Biodegradable Plastics Market Size for 2022 and Other Important Statistics, Download the Free Report Sample!

Biodegradable Plastics Market: Key Drivers and Trends

The rise in consumer adoption of biodegradable plastics is notably driving the biodegradable plastics market growth, although factors such as higher prices of biodegradable plastics than conventional plastics may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the biodegradable plastics industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This biodegradable plastics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Biodegradable Plastics Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

BASF SE
Biome Bioplastics Ltd.
Cargill Inc.
Danimer Scientific
FKuR Kunststoff GmbH
Mitsubishi Chemical Holdings Corp.
Novamont SpA
Plantic Technologies Ltd.
Toray Industries Inc.
Total Corbion PLA BV

The vendor landscape of the biodegradable plastics market entails successful business strategies deployed by the vendors. The biodegradable plastics market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the biodegradable plastics market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Biodegradable Plastics Market?

For more insights on the market share of various regions Request for a FREE sample now!

37% of the market’s growth will originate from Europe during the forecast period. Germany, UK, and France are the key markets for biodegradable plastics in Europe.

The report offers an up-to-date analysis of the geographical composition of the market. Europe has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The high demand for biodegradable and compostable plastic in food packaging applications will facilitate the biodegradable plastics market growth in Europe over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating End-user Segments in the Biodegradable Plastics Market?

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The biodegradable plastics market share growth by the packaging segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2022-2026 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the biodegradable plastics market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

    Biodegradable Plastics Market Scope




    Repo

Biodegradable Plastic Market size was valued at USD 7.10 billion in 2021 and is predicted to reach USD 49.93 billion by 2030.

The potential role of biodegradable plastics in creating a fully sustainable & circular bioeconomy is projected to drive market revenue growth during the forecast period, Growth of global population & rising demand for plastic & plastic products are resulting in the increasing production of plastics

The Global Biodegradable Plastics Market Size Was Worth USD 5.43 Billion in 2023 and Is Expected To Reach USD 11.80 Billion by 2032, CAGR of 9.00%.

The estimated value of the global bio-plastic market is around USD 16.8 billion in 2025. It is anticipated to reach USD 98 billion by 2035 growing at an impressive CAGR of 19.3% during the forecast period. Demand is increasingly being driven by significant commitments made by food and beverage, automotive, agriculture, textiles, and more industries that are adopting bio-plastics to cut their carbon footprints and comply with regulation.

Metric	Value
Market Size in 2025	USD 16.8 billion
Projected Market Size in 2035	USD 98 billion
CAGR (2025 to 2035)	19.3%

Country Wise Analysis

Country	CAGR (2025 to 2035)
USA	18.5%

Country	CAGR (2025 to 2035)
United Kingdom	17.8%

Country	CAGR (2025 to 2035)
Europe	19.1%

Country	CAGR (2025 to 2035)
Japan	18.4%

Country	CAGR (2025 to 2035)
South Korea	18.7%

Starch based biodegradable plastics are forecast to have a market value amounting to approximately *** million U.S. dollars in 2025. Biodegradable plastics are projected to help mitigate the environmental issues associated with conventional, single-use plastics, though biodegradable plastics have a few shortcomings as well. The leading end-use sector of biodegradable plastics is packaging, both flexible and rigid.

The global biodegradable plastics market was valued at USD 4.16 billion in 2021 and is expected to grow at a CAGR of 9.8% during the forecast period.

Unlock data-backed intelligence on USA Biodegradable Plastic Market, size at USD 1.01 billion in 2023, featuring industry analysis and key players.

The Biodegradable Plastic Packaging Market Report is Segmented by Material Type (Starch Blends, Polylactic Acid (PLA), and More), Packaging Type (Flexible Packaging and Rigid Packaging), End-Use Industry (Food, Beverage, Foodservice, and More), Compostability (Home-Compostable and Industrial-Compostable), and Geography (North America, Europe, Asia-Pacific, MEA, South America). Market Forecasts are Provided in Value (USD).

Biodegradable Plastic Market size was valued at USD 5.47 Billion in 2024 and is projected to reach USD 18.44 Billion by 2031, growing at a CAGR of 16.40 % from 2024 to 2031.

The biodegradable plastic market is driven by growing environmental concerns and the need to reduce plastic waste, leading to increased government regulations promoting eco-friendly alternatives. Consumer demand for sustainable packaging, especially in food and beverage, agriculture, and textiles, is boosting market growth. Advances in biopolymer technology and the development of cost-effective production processes also contribute to market expansion. Additionally, increasing awareness about the harmful effects of conventional plastics on marine life and ecosystems is propelling demand for biodegradable alternatives. Corporate sustainability initiatives and the adoption of circular economy principles further support market development.

Biodegradable Plastics Market size is growing with a CAGR of 13.4% in the prediction period and it crosses USD 7.84 Bn in 2032 from USD 3.25 Bn in 2025.

The Biodegradable Plastic Market size was valued at USD 5.92 billion in 2023 and is projected to reach USD 10.96 billion by 2032, exhibiting a CAGR of 9.2 % during the forecasts period. Recent developments include: In June 2023, BASF announced the official opening of a Biodegradation and Microplastic Center of Excellence at the company’s Michigan site for helping regional customers in meeting their sustainability and circularity objectives. Focus areas will include understanding disintegration performance of compostable materials, biodegradation performance of novel chemistries, and gathering novel insights on microplastic. , In May 2023, TotalEnergies Corbion and Bluepha Co. Ltd signed an MoU regarding the acceleration of the adoption of PLA/PHA-based solutions in the Chinese market. The aim of the collaboration is to advance the development of various high-performance biopolymer offerings, through the combination of the former’s Luminy Polylactic Acid (PLA) technology with Bluepha Polyhydroxyalkanoates (PHA). , In May 2023, TotalEnergies Corbion announced a partnership with Xiamen Changsu Industrial Pte Ltd. for the development of the PLA sector. The companies will focus on the market promotion and R&D of new technologies and applications of BOPLA (biaxially oriented polylactic acid). , In February 2023, NatureWorks hosted a ceremony for celebrating the construction of the company’s Ingeo PLA manufacturing complex in Thailand. The facility, situated at the Nakhon Sawan Biocomplex (NBC) in Nakhon Sawan Province, will function as a production site for lactide, lactic acid, and polymer, with an annual capacity of 75,000 tons. , In December 2022, Futerro announced its plans to construct the first-ever vertically integrated biorefinery in Europe at Normandy, France, for the production and recycling of PLA. The biorefinery aims to include a PLA conversion unit, a lactic acid unit for transforming raw materials sourced from agriculture, and a unit for the molecular recycling of PLA. , In October 2022, at the K trade fair held in Germany, the first-ever compostable stick pack made out of a paper laminate and Novamont Mater-Bi bioplastic film was launched. The solution, made for a powdered multivitamin and multimineral supplement by DSM, has a bio-based raw material content of more than 65%. , In July 2022, PTT MCC Biochem announced a strategic partnership with International Fibres Group for the promotion of novel BioPBS-based staple fibers under the ‘IFGBio’ brand. The aim of the collaboration is to introduce an alternative sustainable material for staple fibers in areas such as food & beverage, geotextile, and construction, among others. , In October 2021, the Bioplastic division of Biome commenced a large-scale field testing and commercial sales of biodegradable tree shelters in the UK. These solutions leverage the company’s proprietary bioplastic materials to offer conventional benefits of tree shelters for 5 years and then biodegrade naturally over the next 2 years. .