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.

Global Biodegradable Plastic Market was valued at USD 3.21 Billion in 2024 and is anticipated to reach USD 6.42 Billion in the forecast period with a CAGR of 6.23% through 2030.

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Market Size	2024: USD 3.21 Billion
Forecast Market Size	2030: USD 6.42 Billion
CAGR	2025-2030: 6.23%
Fastest Growing Segment	Polylactic Acid (PLA)
Largest Market	North America
Key Players	1. Novamont S.p.A. 2. NatureWorks LLC 3. Futerro Inc. 4. Corbion N.V. 5. BASF SE 6. Kingfa SCI. & TECH. Co. Limited 7. Zhejiang Hisun Biomaterials Co. Limited 8. Danimer Scientific Inc. 9. Kaneka Corporation 10. Mitsubishi Chemical Holdings Corporation

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 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 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.

Biodegradable Plastic Market size was valued at USD 7.7 billion in 2021 and is poised to grow from USD 9.62 billion in 2022 to USD 71.14 billion by 2030, growing at a CAGR of 24.9% in the forecast period (2023-2030).

The global biodegradable plastic market size reached USD 5.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 11.2 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 5.7 Billion
Market Forecast in 2033	USD 11.2 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.

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.

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

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

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

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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?

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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 Plasti

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%.

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 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.Biodegradable plastic is a type of plastic that can break down naturally in the environment, typically through the action of microorganisms like bacteria or fungi. Unlike traditional plastics derived from petroleum, biodegradable plastics are often made from renewable sources such as corn starch or sugarcane. These plastics share similar properties with conventional plastics in terms of flexibility, durability, and versatility for various applications. One of their key features is their ability to decompose into non-toxic components, reducing their environmental impact compared to traditional plastics that persist in the environment for hundreds of years. 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. .

As per Cognitive Market Research's latest published report, the Global Biodegradable Plastics market size was $4.71 Billion in 2022 and it is forecasted to reach $12.85 Billion by 2030. Biodegradable Plastics Industry's Compound Annual Growth Rate will be 14.7% from 2023 to 2030. What are the driving factors for the biodegradable plastics market?

The major factors behind the growth of the biodegradable market are rising environmental concerns about plastic usage, rising consumer demand for environmentally friendly products, and government initiatives to reduce plastic usage. Floating plastic waste that can last hundreds of years in water can be used by invasive animals to move and damage habitats. The aforementioned cause is causing the market to grow. Increasing environmental product development research and development efforts can open up profitable market opportunities. The market's expansion may be hampered by the high cost of biodegradable plastics, though. What are Biodegradable Plastics?

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.

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 Plastics Market is expected to grow at a high CAGR during the forecast period 2024-2031 | DataM Intelligence

Biodegradable Plastic Market Outlook

According to our latest research, the global biodegradable plastic market size reached USD 8.7 billion in 2024, with a robust compound annual growth rate (CAGR) of 10.2% observed over the past few years. The market is being propelled by mounting environmental concerns, stringent government regulations, and increasing demand for sustainable packaging solutions. Based on our projections, the market is expected to surge to USD 22.6 billion by 2033, driven by technological advancements and expanding applications across various industries.

One of the primary growth factors for the biodegradable plastic market is the global push toward sustainability and eco-friendly materials. As environmental awareness intensifies among both consumers and corporations, the demand for alternatives to conventional petroleum-based plastics is escalating rapidly. Various governments worldwide are implementing bans or strict regulations on single-use plastics, which is compelling manufacturers to seek out biodegradable options. The food and beverage industry, in particular, is witnessing a significant shift toward biodegradable packaging to address the mounting concerns of plastic pollution and meet consumer expectations for green products. This regulatory and societal pressure is expected to remain a dominant growth driver for the foreseeable future.

Another major factor fueling the expansion of the biodegradable plastic market is the rapid technological advancements and innovations in polymer chemistry. Companies are investing heavily in research and development to enhance the performance, durability, and cost-effectiveness of biodegradable plastics. The emergence of new product types such as polylactic acid (PLA), polyhydroxyalkanoates (PHA), and advanced starch blends has broadened the application scope of biodegradable plastics beyond packaging to sectors like agriculture, consumer goods, and textiles. The ability to tailor these materials for specific end-use requirements, while maintaining their environmental benefits, is attracting a wide array of industries and accelerating market adoption.

The evolving consumer preferences toward sustainable products are also playing a pivotal role in the market’s growth trajectory. With increasing awareness of the detrimental effects of plastic waste on ecosystems, consumers are actively seeking products with minimal environmental footprints. Brands and retailers are responding by incorporating biodegradable plastics into their product lines and packaging, thereby enhancing their market appeal and corporate social responsibility credentials. This shift is particularly evident in sectors such as retail, healthcare, and automotive, where sustainable materials are becoming a key differentiator. The rising willingness among consumers to pay a premium for eco-friendly products further supports the positive outlook for the biodegradable plastic market.

Regionally, Europe continues to dominate the biodegradable plastic market, accounting for the largest share in 2024. This leadership is attributed to the region’s stringent regulatory framework, ambitious sustainability targets, and widespread adoption of green technologies. North America and Asia Pacific are also witnessing rapid growth, fueled by increasing investments in biodegradable plastic manufacturing and expanding end-use industries. The Asia Pacific region, in particular, is expected to exhibit the fastest CAGR through 2033, driven by booming economies, rising consumer awareness, and supportive government initiatives. Latin America and the Middle East & Africa are gradually emerging as promising markets, albeit from a smaller base, as local governments and industries begin to prioritize sustainable solutions.

Product Type Analysis

The product type segment of the biodegradable plastic market is characterized by a diverse array of polymers, each offering unique properties and application possibilities. Polylactic acid (PLA) is among the most widely used biodegradable plastics, favored for its excellent mechanical properties, transparency, and compostability. Derived from renewable resources such as corn starch or sugarcane, PLA is extensively utilized in food packaging, disposable tableware, and agricultural films. Its ease of processing and compatibility with existing plastic manufacturing infrastructure have contributed to its widespread adoption. However, PLA’s performa

Biodegradable Plastic Market touched USD 5.8 billion in 2021 and will grow at 10.3% CAGR during the forecast period reaching USD 12.7 billion in 2029