The global market value of biodegradable plastics in 2023 was nearly six billion U.S. dollars. It is forecast that the market value of biodegradable plastics worldwide will grow by more than threefold by 2032, to over 18 billion U.S. dollars. Biodegradable plastics are a subset of bioplastics that are biodegradable.

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%

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. What are the driving factors for the Biodegradable Plastic 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 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.

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.

The Middle East Biodegradable Plastics Market is Segmented by Application (Flexible Packaging, Rigid Packaging, Automotive, and Assembly Operations, Agriculture and Horticulture, Construction, Textiles, Electrical and Electronics, and Other Applications), and Geography (United Arab Emirates, Saudi Arabia, QATAR, Iran, and the Rest of the Middle East). For each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).

Biodegradable plastics had a market value amounting to approximately one billion U.S. dollars in 2022. This figure is forecast to increase to nearly 2.2 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 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 Packaging Market Report is Segmented by Type (Starch-Based Plastic, Cellulose-Based Plastics, Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), and Other Plastic Types), Application (Food, Beverage, Pharmaceutical, Personal and Homecare, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

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 plastic packaging is a growing market. In 2020, the global market value of biodegradable plastic packaging amounted to nearly 2.8 billion U.S. dollars. By 2026, it is forecast to grow to nearly nine billion U.S. dollars. Biodegradable plastics are a sought-after ecologically-friendly alternative to conventional plastics because conventional plastics can take up to an estimated 1,000 years to decompose.

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%.

Biodegradable plastics market size is estimated to reach USD 13.4 Billion by 2034, at a CAGR of 9.4% during the projected period. Key players include Cargill Incorporated, PTT MCC Biochem Co., Ltd., Biome Technologies plc, Plantic Technologies Limited.

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. .

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Compostable Plastic Market Size 2024-2028

The compostable plastic market size is forecast to increase by USD 2.89 billion at a CAGR of 19.16% between 2023 and 2028. The market is experiencing significant growth due to increasing concerns over plastic pollution and the need for ethical waste management. This trend is particularly prominent in the e-commerce industry, where the demand for environmentally friendly packaging, shipping materials, and mailing bags is on the rise. As online shopping continues to rise, the carbon footprint of delivery services becomes a major concern. In response, governments and businesses are encouraging the adoption of compostable plastics as a sustainable alternative to conventional plastics. However, the high costs associated with compostable plastics remain a challenge, which may hinder their widespread adoption. Key market growth factors include the growing use of compostable packaging and government initiatives encouraging the replacement of conventional plastics. Despite the challenges, the benefits of compostable plastics in reducing plastic pollution make them an attractive option for businesses and consumers seeking to minimize their environmental impact.

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The market for compostable plastics is gaining momentum due to increasing environmental concerns and governmental initiatives towards sustainable waste management. These eco-friendly alternatives to conventional plastics are made from biodegradable materials, such as polylactic acid (PLA) and starch-based plastics, which decompose naturally under specific conditions. Municipal waste management is a significant contributor to the compostable plastics market. As governments and organizations focus on reducing landfill waste and promoting green procurement policies, the demand for compostable plastic products, such as bags, containers, and silverware, is on the rise. Biobased products derived from renewable feedstocks like sugarcane and corn starch are increasingly replacing traditional polymers and petrochemical counterparts.

Furthermore, the extraction and refining processes for these plant-based materials and Aerobic and anaerobic decomposition are becoming more efficient, making them a cost-effective alternative to conventional plastics. The compostable plastics market is witnessing growth in various sectors, including electronics, medical, and consumer goods. In the electronics industry, compostable plastics are used in packaging and insulation materials. In the medical sector, they are used for disposable medical equipment and single-use medical devices. Consumer awareness regarding the environmental impact of plastic waste is also driving the demand for compostable plastic packaging in the food and beverage industry. With rising environmental awareness, the demand for plant based materials and bio based materials is increasing, as they offer sustainable alternatives to traditional materials, reducing environmental impact and supporting a more eco-friendly future.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Packaging
  Consumer goods
  Textiles
  Agriculture
  Others


Product

  Compostable bag
  Compostable cutlery
  Compostable gloves
  Compostable straw
  Others


Geography

  Europe

    Germany
    UK
    France


  North America

    US


  APAC

    China


  South America



  Middle East and Africa

By End-user Insights

The packaging segment is estimated to witness significant growth during the forecast period. Compostable plastics, also known as biodegradable plastics, have gained significant attention in the US market due to increasing governmental initiatives towards reducing municipal waste and promoting the use of biobased products. Two primary types of compostable packaging are rigid and flexible, which are utilized in various applications such as bottles, cups, pots, films, and bags. The food industry is a significant consumer of compostable packaging, with its usage in fresh food, dry snacks, candy, bakery goods, juice bottles, and meat trays. Additionally, compostable packaging is preferred for premium and branded products with specific requirements. According to industry reports, over 60% of bioplastics are used in packaging applications.

Furthermore, biodegradable plastics, including polylactic acid (PLA) and starch bags, are subjected to various standards such as BS N13432. These plastics are derived from renewable feedstocks like sugarcane and corn. Biobased packaging offers several advantages, including reduced carbon footprint and compatibility with existing recycling infrastructure. The US market for compostable plastics is expected to grow significant

Explore the Biodegradable Plastics Market trends! Covers key players, growth rate 17.6% CAGR, market size $15.26 Billion, and forecasts to 2034. Get insights now!

The global compostable plastic packaging material market size is expected to be valued at US$ 1.89 billion in 2023. Advancements in composting infrastructure, bolsters the overall scope of the compostable plastic packaging material market, which is projected to grow at a CAGR of 5.2% between 2023 and 2033, totaling around US$ 3.1 billion by 2033.

Data Points	Key Statistics
Compostable Plastic Packaging Material Market Value 2023	US$ 1.89 billion
Compostable Plastic Packaging Material Market Projected Value (2033)	US$ 3.1 billion
Compostable Plastic Packaging Material Market CAGR (2023 to 2033)	5.2%

Scope of the Report

Attributes	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ billion for value
Key Regions Covered	North America Latin America Western Europe Eastern Europe East Asia South Asia & Pacific Middle East & Africa
Key Countries Covered	United States Canada Brazil Mexico, Germany United Kingdom France Spain Italy Poland Russia Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC Countries South Africa Israel
Key Segments Covered	Material Application End User Industry Region
Key Companies Profiled	BASF SE Kaneka Corporation FKuR Kunststoff GmbH Cardia Bioplastics Novamont S.p.A. Danimer Scientific LLC Grabio Greentech Corporation Northern Technologies International Corporation NatureWorks LLC S.K. Chemicals Co., Ltd. Minima Technology Co. Ltd. Biotec Pvt. Ltd., Green Dot Holdings LLC
Customization & Pricing	Available upon Request

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%

Competitive Outlook

Company Name	Estimated Market Share (%)
NatureWorks LLC	14-19%
BASF SE	11-16%
Total Energies Corbion	9-13%
Novamont S.p.A	6-10%
Mitsubishi Chemical Corporation	4-8%
Other Companies (combined)	40-50%

Market Overview:

Vietnam biodegradable plastic market size is projected to exhibit a growth rate (CAGR) of 19.30% during 2024-2032. The market is being propelled by several significant factors, including heightened environmental consciousness among consumers, a growing desire for environmentally friendly packaging solutions, and supportive government policies.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	19.30%

Biodegradable plastic is a material that undergoes decomposition through the activity of bacteria, fungi, or other microorganisms, resulting in the production of water, carbon dioxide, and biomass. The timeframe for its breakdown can vary from a few months to several years, contingent upon the specific type of plastic and the disposal environment. A variety of biodegradable plastics with distinct properties and decomposition mechanisms are available. Some are derived from natural sources like cornstarch or sugarcane, while others consist of synthetic polymers engineered to decompose under specific environmental conditions, such as exposure to sunlight, elevated temperatures, or the presence of oxygen. Biodegradable plastics find extensive applications across diverse industries, including packaging, agriculture, medical, and consumer goods, due to their eco-friendly characteristics and versatility.

Vietnam Biodegradable Plastic Market Trends:

The Vietnam biodegradable plastic market is experiencing substantial growth driven by a range of influential factors. A primary driver is the evolving consumer preferences that favor eco-friendly products, fueled by heightened awareness of the detrimental environmental impact of conventional plastics. Biodegradable plastics are gaining widespread acceptance due to their ability to mitigate plastic waste accumulation in landfills and oceans and reduce the overall carbon footprint associated with plastic production. Additionally, government regulations banning single-use plastic products like cutlery, straws, and food containers while promoting the adoption of biodegradable alternatives are creating a favorable market environment. Stringent standards and certification systems further contribute to the growth by ensuring product quality. The food and beverage (F&B) industry's increasing demand for eco-friendly packaging solutions, including biodegradable plastics, is opening up lucrative opportunities for market expansion. Moreover, the agricultural and horticultural sectors are adopting biodegradable plastics for applications such as manufacturing mulching films and plant pots, further bolstering market growth. The rise in demand for convenience and ready-to-eat (RTE) food products, the proliferation of online food delivery platforms, and innovative advancements in waste management technologies are additional factors positively influencing market growth. Overall, these factors will collectively contribute to a promising outlook for the Vietnam biodegradable plastic market over the forecasted period.

Vietnam Biodegradable Plastic Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type and end use.

Type Insights:

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• Starch-based
• PLA
• PBS
• PBAT
• PHA
• Others
  

The report has provided a detailed breakup and analysis of the market based on the type. This includes starch-based, PLA, PBS, PBAT, PHA, and others.

End Use Insights:

• Packaging
• Agriculture
• Consumer Goods
• Others
  

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes packaging, agriculture, consumer goods, and others.

Regional Insights:

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• Northern Vietnam
• Central Vietnam
• Southern Vietnam
  

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Biodegradable Plastic Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type End Use Region
Types Covered	Starch-based, PLA, PBS, PBAT, PHA, Others
End Uses Covered	Packaging, Agriculture, Consumer Goods, Others
Regions Covered	Northern Vietnam, Central Vietnam, Southern Vietnam
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

• How has the Vietnam biodegradable plastic market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Vietnam biodegradable plastic market?
• What is the breakup of the Vietnam biodegradable plastic market on the basis of type?
• What is the breakup of the Vietnam biodegradable plastic market on the basis of end use?
• What are the various stages in the value chain of the Vietnam biodegradable plastic market?
• What are the key driving factors and challenges in the Vietnam biodegradable plastic?
• What is the structure of the Vietnam biodegradable plastic market and who are the key

[235+ Pages Report] The global Biodegradable Plastics market size is expected to grow from USD 7.69 billion in 2021 to USD 31.39 billion by 2028, at a CAGR of 22.25% from 2022-2028

The global biodegradable plastics market size is expected to reach USD 9.55 billion by 2030, according to a new study by Polaris Market Research.