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 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.

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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 Plastics Market Scope




    Repo

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 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.

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.

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 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.

Biodegradable Plastics Market valued at $10.14 billion in 2024, is projected to grow at a CAGR of 16.33%, reaching $46.03 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 Biodegradable Plastics Market size is expected to reach a valuation of USD 80.30 billion in 2033 growing at a CAGR of 22.20%. The Biodegradable Plastics market research report classifies market by share, trend, demand, forecast and based on segmentation.

[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 biodegradable plastics market is experiencing robust growth, driven by increasing environmental concerns and stringent regulations regarding plastic waste. A 20.70% CAGR indicates a significant expansion, projected from an estimated market size of $XX million in 2025 (assuming a logical extrapolation from available data – precise figures are unavailable without the initial “XX” value) to a considerably larger figure by 2033. Key drivers include the rising demand for eco-friendly packaging solutions across various sectors, including food and beverage, pharmaceuticals, and personal care. Growing consumer awareness of plastic pollution and the adoption of sustainable lifestyles are further accelerating market expansion. Starch-based and cellulose-based plastics currently hold significant market share, owing to their relatively lower cost and established production processes. However, Polylactic Acid (PLA) and Polyhydroxyalkanoates (PHA) are gaining traction due to their superior properties and wider range of applications. Market segmentation by application reveals strong growth across all sectors, with the food and beverage industry leading the way due to its high volume of packaging needs. While the market faces restraints such as higher production costs compared to conventional plastics and certain limitations in durability and performance for specific applications, technological advancements and ongoing research are continuously addressing these challenges. Major players like Kruger Inc., Rengo Co Ltd., DS Smith PLC, and Amcor PLC are actively investing in research and development, along with expanding their production capacity to meet the growing demand for biodegradable plastic solutions. Regional analysis would show varying levels of market penetration, with developed regions such as North America and Europe exhibiting relatively high adoption rates, while Asia Pacific presents significant potential for future growth due to its large and rapidly expanding consumer base and increasing focus on sustainability. The future of the biodegradable plastics market appears promising. Continuous innovation in material science, combined with supportive government policies promoting circular economy models, will further propel market growth. The focus on improving the biodegradability and performance characteristics of these plastics, particularly in challenging environments like composting, will continue to be crucial in overcoming existing limitations and widening their application. The market's trajectory suggests that biodegradable plastics are poised to play an increasingly significant role in transitioning towards a more sustainable and environmentally conscious future, effectively displacing traditional plastics in a wide array of applications. Further growth will depend on addressing cost-competitiveness, streamlining supply chains, and ensuring appropriate end-of-life management systems are in place to maximize the environmental benefits. This comprehensive report provides an in-depth analysis of the global biodegradable plastics market, offering valuable insights for businesses, investors, and researchers. With a study period spanning 2019-2033, a base year of 2025, and a forecast period from 2025-2033, this report leverages historical data (2019-2024) to project future market trends and growth opportunities. The market is segmented by type (starch-based plastic, cellulose-based plastics, polylactic acid (PLA), polyhydroxyalkanoates (PHA), other plastic types) and application (food, beverage, pharmaceutical, personal/homecare, other applications). The report analyzes key players such as Kruger Inc, Rengo Co Ltd, DS Smith PLC, Amcor PLC, Mondi PLC, Plastic Suppliers Inc, International Paper Company, Smurfit Kappa Group PLC, Tetra Pak International SA, and Klabin SA, providing a detailed competitive landscape. This report offers a detailed market size projection in Million units. Key drivers for this market are: , Growing Environmental Concerns Regarding Plastic Pollution; Stringent Regulations by Various Government and Federal Agencies. Potential restraints include: , High Costs Compared to Normal Plastic. Notable trends are: Use of Bioplastics is Stimulating the Market Growth.

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).

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.

Market Research Intellect's Biodegradable Plastics Market Report highlights a valuation of USD 5.7 billion in 2024 and anticipates growth to USD 12.2 billion by 2033, with a CAGR of 9.2% from 2026-2033.Explore insights on demand dynamics, innovation pipelines, and competitive landscapes.

Get key insights on Market Research Intellect's Biobased Biodegradable Plastics Market Report: valued at USD 5.2 billion in 2024, set to grow steadily to USD 10.5 billion by 2033, recording a CAGR of 8.8%.Examine opportunities driven by end-user demand, R&D progress, and competitive strategies.

Biodegradable Plastics Market Outlook

According to our latest research, the global biodegradable plastics market size in 2024 stands at USD 9.8 billion, reflecting the rapid adoption of sustainable materials across diverse industries. The market is experiencing a robust compound annual growth rate (CAGR) of 13.2% and is forecasted to reach USD 28.1 billion by 2033. This remarkable growth is primarily driven by increasing environmental awareness, stringent government regulations on single-use plastics, and the growing shift toward circular economy models. As per our latest research, the biodegradable plastics market is well-positioned for sustained expansion, underpinned by technological advancements, rising consumer demand for eco-friendly products, and significant investments in research and development.

One of the most significant growth factors for the biodegradable plastics market is the increasing global emphasis on sustainability and environmental responsibility. Governments and regulatory bodies worldwide are implementing stricter regulations on the use of conventional plastics, especially single-use variants, due to their adverse impact on the environment. These regulations have compelled manufacturers and end-users to seek alternatives, with biodegradable plastics emerging as a viable solution. Furthermore, international agreements and policies, such as the European Union’s ban on certain single-use plastics and China’s aggressive plastic waste reduction initiatives, are catalyzing the adoption of biodegradable plastics across multiple sectors. This regulatory push, combined with heightened public awareness regarding plastic pollution, is fostering a fertile environment for market growth.

Technological advancements and innovations in biodegradable plastics are also contributing significantly to market expansion. The development of new polymer blends, improved processing techniques, and enhanced material properties have made biodegradable plastics more competitive with traditional plastics in terms of performance and cost-effectiveness. Companies are investing heavily in research and development to create next-generation biodegradable plastics that can meet the rigorous demands of various applications, from packaging to agriculture and consumer goods. The introduction of bio-based feedstocks, such as polylactic acid (PLA) and polyhydroxyalkanoates (PHA), is further driving the market by providing sustainable alternatives that do not compromise on quality or functionality. These innovations are enabling broader adoption across industries and expanding the scope of biodegradable plastics in the global market.

Consumer preferences are shifting rapidly toward sustainable products, which is another crucial growth driver for the biodegradable plastics market. Today’s consumers are more environmentally conscious and are actively seeking products with minimal ecological footprints. This trend is particularly evident in the food and beverage, retail, and packaging industries, where brands are increasingly adopting biodegradable plastics to align with consumer values and enhance their market positioning. The rise of eco-labeling and green certifications is further encouraging manufacturers to integrate biodegradable plastics into their product lines. As sustainability becomes a key differentiator in purchasing decisions, the demand for biodegradable plastics is expected to continue its upward trajectory, reinforcing the market’s long-term growth prospects.

From a regional perspective, Europe currently leads the biodegradable plastics market, accounting for the largest share in 2024. The region’s dominance is attributed to progressive environmental policies, high consumer awareness, and strong government support for sustainable materials. North America is also witnessing significant growth, driven by increasing adoption in the packaging and food & beverage sectors. The Asia Pacific region is emerging as a high-growth market, fueled by rapid industrialization, rising environmental concerns, and supportive government initiatives. Latin America and the Middle East & Africa are gradually catching up, with growing investments in sustainable infrastructure and increased awareness about the benefits of biodegradable plastics. Overall, the regional landscape is characterized by a dynamic interplay of regulatory, economic, and cultural factors that are shaping the global trajectory of the biodegradable plastics market.

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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.