Global Biodegradable Plastic Market Size & Outlook
Global biodegradable plastic market, 2018-2030 (US$M)
Related Markets
Global biodegradable plastic market highlights
- The global biodegradable plastic market generated a revenue of USD 7,016.4 million in 2023 and is expected to reach USD 23,544.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 18.9% by 2030.
- In terms of segment, starch based accounted for a revenue of USD 2,895.5 million in 2023.
- Starch Based is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 7,016.4 million |
| Market revenue in 2030 | USD 23,544.6 million |
| Growth rate | 18.9% (CAGR from 2023 to 2030) |
| Largest segment | Starch based |
| Fastest growing segment | Starch Based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Starch Based, PLA, PBS, PBAT, PHA, Polycaprolactone |
Other key industry trends
- In terms of revenue, the North America accounted for 29.5% of the global biodegradable plastic market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 1,520.0 million by 2030.
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Biodegradable Plastic Market Scope
Biodegradable Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global biodegradable plastic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biodegradable plastic market will help companies and investors design strategic landscapes.
Starch based was the largest segment with a revenue share of 41.27% in 2023. Horizon Databook has segmented the Global biodegradable plastic market based on starch based, pla, pbs, pbat, pha, polycaprolactone covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Biodegradable Plastic Product Outlook (Revenue, USD Million, 2018-2030)
- Starch Based
- PLA
- PBS
- PBAT
- PHA
- Polycaprolactone
- Polyethylene
- Polyethylene Terephthalate
- Polyamide
- Polytrimethylene Terephthalate
- Others
- Global Biodegradable Plastic Application Outlook (Revenue, USD Million, 2018-2030)
- Packaging
- Agriculture
- Consumer goods
- Textile
- Others
- Automotive & Transportation
- Building & Construction
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Target buyers of Global biodegradable plastic market databook
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Our clientele includes a mix of biodegradable plastic market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global biodegradable plastic market , including forecasts for subscribers. This global databook contains high-level insights into Global biodegradable plastic market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global biodegradable plastic market size, by regions, 2018-2030 (US$M)
Top 10 countries: Biodegradable plastic market size, 2023 (US$M)
Global biodegradable plastic market share, by product, 2023 & 2030 (%, US$M)
Biodegradable plastic market: Opportunity assessment by country
Global biodegradable plastic market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,108.2 | 1,273.5 | 1,403.2 | 1,574.8 | 1,787.0 | 2,069.1 | 2,418.2 | 2,875.3 | 3,401.6 | 4,074.7 | 4,882.9 | 5,867.8 | 7,067.7 | 19.2% |
| Europe | 1,779.9 | 2,012.9 | 2,182.9 | 2,411.0 | 2,692.5 | 3,068.1 | 3,529.1 | 4,131.5 | 4,807.5 | 5,664.3 | 6,676.3 | 7,891.2 | 9,348.8 | 17.3% |
| Asia Pacific | 648.4 | 763.2 | 861.6 | 990.6 | 1,151.5 | 1,365.8 | 1,635.3 | 1,996.0 | 2,412.5 | 2,952.5 | 3,614.6 | 4,437.7 | 5,460.8 | 21.9% |
| Latin America | 179.8 | 206.0 | 226.3 | 253.3 | 286.6 | 330.9 | 385.6 | 457.3 | 539.3 | 643.9 | 769.2 | 921.3 | 1,106.2 | 18.8% |
| MEA | 92.8 | 109.4 | 122.8 | 139.2 | 158.4 | 182.6 | 210.7 | 239.1 | 284.6 | 340.5 | 404.3 | 477.7 | 561.1 | 17.4% |
| Overall | 3,809.0 | 4,365.0 | 4,796.9 | 5,369.0 | 6,076.0 | 7,016.4 | 8,178.9 | 9,699.1 | 11,445.6 | 13,675.9 | 16,347.4 | 19,595.9 | 23,544.6 | 18.9% |
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